To have a savings plan for the future so that you have a constant source of income after retirement To ensure that you have extra income when your earnings are reduced due to serious illness or accident To provide for other financial contingencies and life style requirements • Who needs Life Insurance: Primarily, anyone who has a family to support and is an income earner needs Life Insurance. In view of the economic value of their contribution to the family, housewives too need life insurance cover. Even children can be considered for life insurance in view of their future income potential being at risk. • How much Life Insurance is needed: The amount of Life Insurance coverage you need will depend on many factors such as: How many dependants you have Whether you have any debts or mortgages What kind of lifestyle you want to provide for your family How much you need for your children’s education What your investment needs are What your affordability is You should seek the help of an insurance agent or broker to understand your insurance needs and suggest the right type of cover.
Posted on: Tue, 18 Mar 2014 08:13:25 +0000
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