What is Life Insurance?
Insurance is insurance for you and your family's peace of
insurance is a
people buy from a life insurance company, which can be the basis of
and financial stability after one's death. Its function is to help
beneficiaries financially after the owner of the policy dies.
It can also be a form of savings in the long run if you purchase a plan, which offers the option of contributing regularly. Additionally, a little known function of life insurance is that it can be tied in with a person's pension plan. A person can make contributions to a pension that is funded by a life insurance company. These are considered private pension arrangements.
In addition, you should also make a list of what you feel needs to be protected in your family's way of life. With a life insurance policy in place, you can:
· provide security for your family
· protect your home mortgage
· take care of your estate planning needs
· look at other retirement savings/income vehicles
The information you need to make a wise life insurance policy purchase!