Life insurance is protection against financial loss resulting from death, total permanent disabilities, or extended to critical illness. It is an insurance company's promise to the beneficiary a specific amount of money when the insured die in exchange for timely payment of premiums.
Why do YOU need life insurance?
Your ability to earn income is a significant asset and in the event of your premature death, you (as well as your family) will loose all your income! Here comes life insurance. It helps your family to replace lost income in the event of death, total permanent disabilities, or extended to critical illness.
Here are some reasons why people get life insurance protection.
The death benefit may be used:
* To replace income the family would need to maintain their standard of living after the death of a wage earner.
* To pay off a mortgage loan and other personal and business debts or to create a rent fund.
* To create a fund for children's education.
* To pay final expenses, such as funeral costs and taxes.
* To create a family emergency fund or a fund for a family member with special needs.
How much life insurance do YOU need?
Liability-Asset=LIFE INSURANCE!
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