Life Insurance Coverages at a Glance
Life insurance allows you to provide two main resources for your family:
- Money to take care of them when you are deceased
- An economic resource to help them get ahead in the event that you are no longer able to do so.
But in addition, life insurance can provide you with the necessary income you may need in the event you become totally and permanently disabled due to accident or illness.
Think about it, if the only source of income for your family is you, sometimes an inability to work can be worse than death. It can be a burden for your partner and your children, which can be impossible to bear.
It is important to understand that the purpose of life insurance is to substitute the income that you already generate. The type of insurance policy and the amount of coverage you select will obviously depend on your needs, your dependents, whether you have a mortgage, covering the education of your children, paying off debts, expenses for your funeral or your current stage in life.
Save, so you can PROTECT those you love.
- Life insurance
- Retirement accounts (401k)
- Eliminate debts