Mika
VIP Contributor
When you become a parent, you also agree to the financial obligations like raising the kid, paying for education, medical bills, etc. If you are earning well, you may not have any problems in raising the kid, but what if you die or become invalid?
You encounter danger every moment. You are a perfectly healthy individual but something happens to your body and you become paralyzed or encounter an accident and you die. If you leave your spouse and kids with a lot of money that might help them but what if you do not leave any money?
That’s where the importance of whole life insurance comes. A whole life insurance policy gives financial benefit to your spouse and kids after your death. This policy helps people who do not have a lot of savings.
You encounter danger every moment. You are a perfectly healthy individual but something happens to your body and you become paralyzed or encounter an accident and you die. If you leave your spouse and kids with a lot of money that might help them but what if you do not leave any money?
That’s where the importance of whole life insurance comes. A whole life insurance policy gives financial benefit to your spouse and kids after your death. This policy helps people who do not have a lot of savings.