What is the purpose of life insurance?
Life insurance serves several purposes. A sufficient amount of it can provide for your family and or loved ones after your demise. It can also help to pay for your funeral costs. It can be part of your estate or it can be in place of an estate for those who have no estate to leave behind. If the policy is a whole life as opposed to term, it will build up cash value which can be borrowed against, or even cashed in if need be. There are different payment options, it can be left as a lump sum or payable in a monthly annunity. It can also be payable to a heirarchy of beneficiaries such as a primary, a contigent benificiary and so on. It is also quite possible that it is exempt from certain taxes and creditors claims, but I'm not certain on this, can anyone else answer this one?
The primary purpose of life insurance is to provide financial protection for your family in case the policy holder dies. It ensures death benefits for your family and loved ones at a time when they may need it the most. The amount can be used to cover debts and liabilities and also provide a tidy sum for your family to secure their future.
There are numerous options accessible on the online life insurance . After reviewing the majority of the available plans, I decided on the insurance savings plan by Aditya Birla Insurance company.
ReplyDeleteThe plan is excellent and meets all of my needs and requirements. I really liked the plan and would suggest people to atleast check their plan before making any decision.
Hi.
ReplyDeleteWelcome to the LIC Agents Portal. In Delhi NCR, we have official LIC agent status. Every person who requires life insurance can choose from one of our many policies. Depending on their needs and requirements, our organization offers everyone the insurance policies and plans that are best suited to their needs. Anywhere in India, we offer the greatest services to our esteemed clients, always ensuring their complete pleasure.
Click to learn more LIC agents in Delhi
The article you provided was very informative. Thank you for sharing with us.
ReplyDeleteYou can also grow your business like never before with The Data Central. We provide Premium Life Insurance Leads to our clients at the best price. Get your exposure up and increase your sales today! Call now: (855)514-0900.