Reasons Why You Reasons Why You Need Life InsuranceNeed Life Insurance

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Life insurance provides Life insurance provides funds to pay-off funds to pay-off creditors, living creditors, living

expenses, children’s expenses, children’s education etc….education etc….

It offers protection to It offers protection to the family you leave the family you leave

behind and serves as a behind and serves as a cash resource.cash resource.

It secures your hard It secures your hard earned estate on death earned estate on death by providing tax free by providing tax free

cash.cash.

This money can be used This money can be used to pay estate and death to pay estate and death duties. Also pay off any duties. Also pay off any business and personal business and personal

expenses.expenses.

Life insurance can have a Life insurance can have a savings or pension savings or pension

component that provides component that provides for you during for you during

retirement (not retirement (not recommended as an recommended as an

investment strategy).investment strategy).

Some policies have Some policies have riders like coverage of riders like coverage of critical illness or term critical illness or term

insurance for the insurance for the children or spouse.children or spouse.

There are certain rules There are certain rules regarding eligibility for regarding eligibility for

riders which you will riders which you will need to know. need to know.

Check with your Check with your Insurance agent for Insurance agent for

clarification.clarification.

Having a valid insurance Having a valid insurance policy is considered a policy is considered a

financial asset.financial asset.

In case of bankruptcy, In case of bankruptcy, the cash value as well as the cash value as well as

death benefits of an death benefits of an insurance policy is insurance policy is

exempt from creditors.exempt from creditors.

Life insurance can be Life insurance can be planned such that it will planned such that it will cover even your funeral cover even your funeral

expenses.expenses.

Term life insurance has Term life insurance has double benefits, it double benefits, it

protects and you can get protects and you can get your money back during your money back during strategic points in your strategic points in your

life.life.

Insurance protects your Insurance protects your business from financial business from financial loss or any liabilities in loss or any liabilities in case a business partner case a business partner

dies.dies.

It can contribute towards It can contribute towards maintaining a family’s maintaining a family’s

life style when one life style when one contributing partner contributing partner

suddenly dies.suddenly dies.

Hope you find this Hope you find this information helpful. information helpful.

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