Yes, I live in Local

Why Purchase A Life Insurance Cover

Why You Should Have A Life Insurance Cover

Below are some reasons why you should have a life insurance cover.

car insurance

Income Replacement

Proceeds from a life insurance policy can step in to pay the bills when income from the insured is lost due to death.

Burial And Other Final Expenses

The death of a loved one is hard enough without having to worry about your funeral costs, which can be well over $10,000.

Mortgage Protection

A family may lose their home if a life insurance death benefit is not available to help pay the mortgage.

Lock In A Low Premium At A Young Age

Over time, as people age, premiums increase. The best time for you to buy life insurance is today.

Transfer Wealth To Family

You can leave more money to your family with a life insurance policy as part of your estate.

A Tax-advantaged Way To Build Cash Value

You can realize tax advantages by utilizing policies that build cash value.

Provide Funds For College Education

College is expensive. Life insurance proceeds can help ensure that college loans are paid even if you are not there to help.

Meet Evolving Needs With A Variety Of Product Options

Needs change over a lifetime. You may want to look for a different type of policy or lower premiums to suit new life circumstances.

Supplement Employer Provided Life Insurance Policy

Employer provided life insurance alone might not be adequate to cover your family's financial needs.

Pay Estate Taxes And Create Estate Liquidity

when an estate is inherited, certain taxes must be paid. Life insurance may step in to cover your estate costs.

Advantages Of Life Insurance

Safe and profitable long-term investment - Life Insurance is a highly regulated sector, through various rules and regulations car insurance company ensures that the safety of the policyholder's money is the primary responsibility of all stakeholders. Life Insurance being a long-term savings instrument, also ensures that the life insurers focus on returns over a long-term and do not take risky investment decisions for short term gains.

Protection against rising health expenses - Life Insurers through riders or stand-alone health insurance plans offer the benefits of protection against terminal diseases and hospitalization expenses. This benefit has assumed critical importance given the increasing incidence of lifestyle diseases and rising medical costs.

Builds the habit of thrift - Life Insurance is a long-term contract where as policyholders, you have to pay a fixed amount at a defined periodicity. This builds the habit of long-term savings. Regular savings over a long period ensures that a decent corpus is built to meet financial needs at various life stages. This in turn will secure you and your loved ones future.

Comparing Insurance Rates

Our website enables you to compare various insurance brands on one search. You are also able to know the price of the policy and levels of insurance covers provided. You only have to get a quote and see what coverage’s are recommended for you. Contact us today for more information.


Featured Articles

Auto Insurance - Terms And Conditions Of Auto Insurance

Auto insurance coverage can be confusing but in some cases, it does not have to be.
Read More

Why Should You Take A Home Insurance?

Taking steps to ensure that your property is safe from unexpected situations
Read More

Long-term Financial Protection

In the event of your death, life insurance gives your loved ones a peace of mind.
Read More

Health Insurance Benefits

At car insurance company, you are able to get a variety of benefits,
Read More

Scroll to Top