Protect Your Most Valued Possessions As your family increases in size, so does your need for life insurance. |
Life insurance is what you need to cover expenses at your death, to provide a similar lifestyle for your spouse and children after death. The mortgage, the debt, the funeral expenses - as well as estate taxes that may be required at your time of death, are all important considerations when reviewing your life insurance needs. A properly balanced portfolio of investments may also include life insurance for the purpose of funding your retirement. But primarily, life insurance is a product that helps provide a substantial financial assistance in a time of need.
Term insurance is relatively inexpensive and yet provides the security and peace of mind that your spouse and/or children will have the means necessary after you are gone. Not only is this type of preparation valuable to you and your family, but those looking at you as a borrower, or businessman, might take this asset into account.
Life policies are fitted to the customer, a young family with not much income can still acquire a policy easily, but a family with many assets to protect will be happy with a flexible plan that allows them to grow financially, building their protection as the family size or income increases.
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