Life insurance is a protection against financial loss resulting from death. It is an insurance company's promise to pay your beneficiary a specific amount of money when you die in exchange for timely payment of premiums.
It is clearly stated what it means. So think and ask yourself, Do I need it? and why? We all know that we're just human have only one life and borrow it from God. We owe to him everything and we don't know when He will going to get it back. So we should always be prepared for that time for him to get us on this world. And the best thing to do is to get a Life Insurance. Why? That question will be answered below:
It is clearly stated what it means. So think and ask yourself, Do I need it? and why? We all know that we're just human have only one life and borrow it from God. We owe to him everything and we don't know when He will going to get it back. So we should always be prepared for that time for him to get us on this world. And the best thing to do is to get a Life Insurance. Why? That question will be answered below:
The death benefit may be used as:
*Replacement of income the family would need to maintain their standard of living after the death of a wage earner.
*Payment to the mortgage loan and other personal and business debts or to create a rent fund.
* To Create a fund for children's education.
* To pay final expenses, such as funeral costs and taxes.
*To create a family emergency fund or a fund for a family member with special needs.
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