AbrhamT2021
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What is the purpose of life insurance?
Typically, life insurance is an agreement that if you die, or are diagnosed with a terminal illness, a sum of money paid out to (typically) your spouse or children. You can also have this death benefits paid to other members in your family (i.e. parents, siblings, etc).
At a terrible moment in time, life insurance can help you take care of the financial uncertainties your family will likely endure after you’re gone. Financial obligations such as mortgage repayments, everyday living expenses, funeral costs, children’s education fees, and debts should all be taken into consideration when discussing a suitable insurance policy
Life insurance provides your dependants with the peace of mind to start future-proofing their lives should the unthinkable take place.
Typically, life insurance is an agreement that if you die, or are diagnosed with a terminal illness, a sum of money paid out to (typically) your spouse or children. You can also have this death benefits paid to other members in your family (i.e. parents, siblings, etc).
At a terrible moment in time, life insurance can help you take care of the financial uncertainties your family will likely endure after you’re gone. Financial obligations such as mortgage repayments, everyday living expenses, funeral costs, children’s education fees, and debts should all be taken into consideration when discussing a suitable insurance policy
Life insurance provides your dependants with the peace of mind to start future-proofing their lives should the unthinkable take place.
