1:31 AM
Forex
Benefits of insurance:
Life insurance is mainly very valuable and just a system of saving money – if the insured person lives, it is called savings and if he dies, then it is called life insurance. It is a officially compulsory contract between the insurance company and the policy owner in which the policy owner pays the insurance company a minute amount for a limited time until the time that would then necessitate a larger fee for security for his family. But the most significant is that – “How does life insurance defend our family?”
Sooner or later, the time will come when we will be departing this earthly life. But before that time comes, we need to be prepared and we need to make sure that our family members could continue living the kind of lifestyle they are enjoying when we are still around If you, the breadwinner dies, remember that there are two types of widows – widows with homes and homeless widows. Now which of the two would you like your widow to be? We can never get away with death in the family.. To protect our family, we want to leave them with a happy and comfortable life rather than leave them with financial problems such as the debts we have incurred while we are still alive or when the business goes into financial ruins leaving the family shattered and broke.
It is definitely wise to put your money in the bank but let us say for instance, you require a million dollars in 10 years to take care of the education of your children. Should anything happen to you between now and 10 years later, what your family would get is just your principal savings plus interest. There are many advantages to purchasing a life insurance policy rather than having money solely in banks would soon be unproductive. First of all, banks only offer a nothing at all. Some people would say, “I don’t need life insurance. I have a big bank account where I stash my life’s savings.” But what people don’t understand is that saving your meager amount of interest unlike what most insurance companies offer. Also, banks take a lot of other hidden charges and taxes and even freezes your account if you die making your dependents unable to withdraw any cash amount to help pay for your medical or funeral needs. With life insurance, your family will get the amount you intend them to have. As it is said, you might not be needing life insurance now but when the time comes when you do need it, will you be able to get it if you haven’t purchased ahead of time?
It really is depressing if your family would lose you but have you also thinking about having them lose your income as well when you are not here? Having life insurance coverage is simply shielding your income since you are your family’s best asset. Without you, how do you think your family would fare? You would not want them to beg from relatives so they could terminate school or just so they could pay off the mortgage and other loans, right? With your life insurance plan, all of the benefits therein are the life insurance company’s obligations to your beneficiaries.
Life insurance is mainly very valuable and just a system of saving money – if the insured person lives, it is called savings and if he dies, then it is called life insurance. It is a officially compulsory contract between the insurance company and the policy owner in which the policy owner pays the insurance company a minute amount for a limited time until the time that would then necessitate a larger fee for security for his family. But the most significant is that – “How does life insurance defend our family?”
Sooner or later, the time will come when we will be departing this earthly life. But before that time comes, we need to be prepared and we need to make sure that our family members could continue living the kind of lifestyle they are enjoying when we are still around If you, the breadwinner dies, remember that there are two types of widows – widows with homes and homeless widows. Now which of the two would you like your widow to be? We can never get away with death in the family.. To protect our family, we want to leave them with a happy and comfortable life rather than leave them with financial problems such as the debts we have incurred while we are still alive or when the business goes into financial ruins leaving the family shattered and broke.
It is definitely wise to put your money in the bank but let us say for instance, you require a million dollars in 10 years to take care of the education of your children. Should anything happen to you between now and 10 years later, what your family would get is just your principal savings plus interest. There are many advantages to purchasing a life insurance policy rather than having money solely in banks would soon be unproductive. First of all, banks only offer a nothing at all. Some people would say, “I don’t need life insurance. I have a big bank account where I stash my life’s savings.” But what people don’t understand is that saving your meager amount of interest unlike what most insurance companies offer. Also, banks take a lot of other hidden charges and taxes and even freezes your account if you die making your dependents unable to withdraw any cash amount to help pay for your medical or funeral needs. With life insurance, your family will get the amount you intend them to have. As it is said, you might not be needing life insurance now but when the time comes when you do need it, will you be able to get it if you haven’t purchased ahead of time?
It really is depressing if your family would lose you but have you also thinking about having them lose your income as well when you are not here? Having life insurance coverage is simply shielding your income since you are your family’s best asset. Without you, how do you think your family would fare? You would not want them to beg from relatives so they could terminate school or just so they could pay off the mortgage and other loans, right? With your life insurance plan, all of the benefits therein are the life insurance company’s obligations to your beneficiaries.
0 comments:
Post a Comment