Life insurance Why do you need Life Insurance?

raaman

Valued Contributor
You need insurance cover for the following needs. You need to insure for your family members who depends on you for financial needs. If your family is dependent on you for financial needs, of course you should have yourself insured.

Why Get Life Insurance? The most common reason for getting life insurance is that life insurance will probably cover the loss of your family members. Life insurance benefits can be used to cover the expenses of your family members.

Life insurance is the protection against financial loss in the event of the death of an insured individual. Practically speaking, life insurance provides financial security for you and your family members and helps you to cope with the adverse effects of any unforeseen mishap.
 

Mataracy

VIP Contributor
It very good to insured our self under insurance company for proper cover. This policy gives opportunity to the insured family so that should in case any problem occur or accident.
One of the benefit of the life insurance is that one can be benefiting from the premium paid even without the occurrence of any problem.
 

btaliat

VIP Contributor
Life assurance is one of the most sought for insurance policy. It has many types but two is the most common types. And the benefit that can be derived from the two can not be exhausted. While one can be used to save some amount of money, the other can be used it cater for family after death.
 

Mandy96

Valued Contributor
First of all, it depends on the type of life insurance you choose to purchase. There are two types that I know of, the short term and the whole life policy plan. If you buy any of the two, you can get the chance to get your life insured without the fair of losing out at the end
 
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