Jul 17 2013
Some people believe that having life insurance — planning for their death — will bring misfortune to their lives. Unfortunately, too many people don’t realize the importance of life insurance until it’s too late.
Life insurance protects those who depend on your paycheck, such as your wife, children and quite possibly, your parents. If you die prematurely, life insurance can provide ongoing income to your dependents, until they are able to live comfortably without it. It can also provide emergency support for legal, medical and funeral costs.
There are many reasons why life insurance is important in life. New home purchase Life insurance can cover your mortgage or home equity obligations in the event of your death. Another importance is to get a job. You increase your coverage amount in the accordance with your new salary. To get a new car your insured your car if your car is lost by some incidents and accident so you get another car easily. It is also to get a piece of mind without doubt life insurance coverage will bring you and your family peace of mind. The another importance is replace your income with non-taxable death benefit.
Put the kids through school by life insurance, pay your funeral expenses, pay your taxes. The another importance is to take care of business. Life Insurance isn’t just for individuals. It can protect a business from financial loss, liabilities or instability in the case of the death of a business owner/partner. You give to a charity Life Insurance can enable you to leaving a lasting gift to a favorite cause or charity otherwise set aside for donation. All of these are importance of life insurance without these you cannot get comfortable in life.