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Importance of Life Insurance

ritz on Apr-18-2009

Have you ever question yourself the importance of life insurance? Wondering why many life insurance companies are established?

Life Insurance is important not just for us but for our family as well. Lets put it this way. I know that no one wants to think about our own death but lets face it! Reality is that we are all going to pass at sometime or another and we will be leaving our love ones… wouldn’t you feel good knowing that you will still be able to take care of your love ones even after your death?

The importance of life insurance is that, after your death… you can still provide something for your family… for your kids and close relatives. Life insurance will give you safety and security… not only to you but also to your family. So, are you interested in life insurance? If you are, then I suggest you start looking for insurance companies that you are comfortable with.

Importance of Life Insurance

ritz on Jan-24-2009

We know that most of us have Life Insurance because it is important. Now, is it really beneficial to us or not? What is life insurance, anyway?

Life Insurance is a contract between the policy owner and the insurer, where the insurer agrees to pay  money upon the occurrence of the insured individual’s or individuals’ death or other event, such as terminal illness or critical illness.

In return, the policy owner agrees to pay a stipulated amount called a premium at regular intervals. There may be designs in some countries where bills and death expenses plus catering for after funeral expenses should be included in Policy Premium.

Now, why we need to have  a life insurance? If you have family or love ones who depends on you, what will happen to them if you are gone? Especially if you have little children, it is hard to leave them behind without giving any help to them. I know it’s not good to think about our death but it is important to think of what will happen to the people we love most when we are out of breath.

Think of your children who are still schooling and needs financial support. What will happen to them if you are no longer in this world? Will they finish college? Can they still eat nutritious food? Can they pay the bills? Can they support themselves? I guess, they can’t unless they are big enough to handle their selves but what if they can’t? You can’t afford to leave them just like that right?

So, life insurance is very important to you and to the people you love. Both of you will get benefits to it.