Buying a Life Insurance policy is as easy as falling off a log. And that’s exactly why you need one.
Nothing in life is entirely certain, except taxes and death. We all pay our taxes and buying a life insurance policy guards us against death. In a sense.
When it comes to events like accidents, illness, death and disability, we don’t have control over them.
But with insurance, while you can’t prevent accidents from happening, you can provide for unforeseen events.
Start by finding out what life insurance is about, and how you and people close to you, can benefit.
Go online and get free Life Insurance quotes now!
The importance of buying a Life Insurance policy
A life policy is a legal agreement drawn up between an insurance company and the person wanting insurance.
The company agrees to pay the family of the insured an amount of money once the insured passes away. In return, the policyholder vows to make regular monthly payments in exchange for life cover.
Buying a Life Insurance policy and the different types of policies
Life insurance policies come in a variety of shapes and sizes. Some people choose a policy that provides for the family in the event of their death. Others might not have a family, but want to make sure they are covered in the case of disability or getting a terminal illness.
A policy can either assist people who are left behind or the insured if they are no longer able to work and earn an income.
Your family can use the money in any way they see fit
There are no specific terms as to how you spend the money from the policy. Some families choose to invest the funds and receive a monthly income in the form of interest.
Others may decide to invest in their children’s schooling or use the funds to assist with funeral costs or other immediate expenses. Losing a loved one is traumatic, and the last thing anyone wants to do is worry about money.
Some companies offer life insurance as part of an employment package. But individuals can obtain their own policy. To get a complimentary life Insurance quote, please fill in the form on this page. Then hit the Get Quote button.
What will buying a life insurance policy cost me?
The premiums depend on some variables such as your health, age and occupation. If you’re a smoker, the premiums will be higher than a healthy person.
Extreme sports such as deep-sea fishing or skydiving fall into the high-risk category. Their premiums will also be higher as opposed to a teacher or receptionist
Research the different types of policies as well as the different options, benefits and pricing they carry. The earlier you sign up for life insurance, the better, for everyone concerned.
All info was correct at time of publishing