1. Life Insurance pays a tax free lump sum to you or your family if you fall terminally ill or die. This can ensure that your family is financially well provided for.
2. Mortgages, car loans, medical bills, and credit card debts are often left unpaid when someone dies, and these obligations must be paid from the assets you leave behind. This could seriously reduce the financial resources left for your family. Your family could then face considerable financial loss if your assets have to be sold cheaply in order to meet the financial obligations on time. With Life Insurance the proceeds are available almost immediately upon your death and will avoid any difficult situations for your family.
3. If you are keen to leave an estate for your heirs, you can achieve this with Life Insurance - automatically providing money for your family after your death.
4. Life Insurance is a great way to give to charity when you die. You may have always wanted to give to charity but lacked the finances - Life Insurance can do that for you.
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