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Tuesday, April 4, 2017

Why Life Insurance is a Must?

Importance of Life Insurance

While you happily cross the milestones of your life, you should also ensure that no gap is left for any unexpected twist & turn. Here is exactly when insurance comes into play. We have certain reasons that will make you believe why insurance is important.

    Insurance puts worries to rest

    The absence of a bread winner can make things very unfortunate. In case, you are insured, the turnout of events is positive & encouraging. Right from your parents to children to wife, everyone is protected.
    Insurance adds a lot more financial security

    Additional coverage for starting a business or incurring expenses in case of accidents or ill health is a must. Insurance adds financial security in case of unexpected events,
    Insurance let’s you leave an inheritance

    Even if you don’t have any other assets to pass to your heirs, you can create an inheritance by buying a life insurance policy and naming your family members as beneficiaries. This is a great way to set your kids up for a solid financial future and provide for any monetary needs that will arise.
    Life insurance pays for immediate expenses

    Bills start accumulating fast in the event of a death. Life insurance can be used to pay for immediate expenses, such as unsettled hospital and medical bills, mortgage payments, business commitments and meeting college expenses for children.
    Insurance maintains your family’s standard of living

    With the right coverage, your family's lifestyle and standard of living can be sustained, adding much needed normalcy during a difficult time.
    Insurance improves your credit rating

    A life insurance policy is considered a financial asset and may increase your credit score, which could be beneficial when trying to obtain medical insurance or a home or business loan.

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