An important aspect of financial planning is creating provisions for your loved ones and family following your demise. The financial product can provide financial security to those you care about,…
Numerous insurance products exist in the market and it can be difficult to determine which policies you should examine. One possible point of confusion is the distinction between income protection…
Life insurance offers protection against income loss that would arise if you passed away. In this case, the beneficiary will obtain the proceeds and is therefore safe from the economic impact of the demise of the insured.
The goal of this product is to offer a measure of economic security for your family after your death. So, before purchasing it, ensure you consider your economic situation and the living standard you wish to sustain for your survivors or dependents.
Numerous people assume that the product is for married couples and those with children. However, singles also need life insurance for these reasons.