If you have family or others that rely on your income, then it would be wise to consider life insurance. And even if you are single with no dependants, there are many good reasons why life insurance would be a good choice.
To take away financial stress Would your family be able to manage financially if you were not around to take care of them? Life insurance can assist in paying school fees, rent and other day-to-day living expenses to ensure that your family is not left under financial stress.
You have debts or loans Personal loan, student loan, car loan, credit card expenses. Who would settle these debts? Life insurance can be used as protection to help ensure your family or friends don't have to pick up the bill.
To protect your home Life insurance can act as mortgage protection. If you pass away unexpectedly, your family can pay off any outstanding mortgage balance and stay in the home you have built together.
To fund your children’s education The benefit of a quality education is perhaps the greatest gift you can give your children. Money from a life insurance policy can be used to invest in your children’s future.
Replacing lost income If both you and your spouse work and one of you pass away unexpectedly, life insurance can replace the lost income so that your family can maintain their same standard of living.
For knowing more about affordable Life Insurance Policies to Protect yourself & family please ping me.
Regards,
Sreekanth
0503963193
www.finplanuae.com
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