Life insurance is very important and crucial in our life. Having one really shield and protect the family of the policyholder from all sorts of expected expenses when the provider is no longer alive. Usually, the money that the family will get is good for 10 years for them to survive. That would be enough to replace whatever the provider could give. That's the wonder of life insurance.
You want to be insured with a certain amount, for example, 3.6M. When we do the math, that is 360,000 a year, 30,000 a month, which will last for 10 years. The insurance company (of course you should choose the stable and big one) will give it to the left family of the policyholder through check. As long as the transaction is legit and they can easily show the policy plan of their departed loved one, the insurance company will immediately give it. The financial advisor or insurance agent where they had done the transaction will assist you in no time. If for some reason you could no longer find or reach them, just go to the main office of the insurance company and they will be happy to serve you.
Life insurance is a must-have next to health insurance. You should invest and prioritize this before you spend your money on something that depreciates as time goes by. So, breadwinners or people who have someone who depends on you, you should get life insurance. You can also see and check life insurance with investments, aka VUL.
I hope this post gets your interest.
[kofi]
Posted from my blog with SteemPress : https://www.jethrosas.com/2019/10/who-says-life-insurance-is-not-important.html