Details
Types of life insurance
The role of life insurance in your life
Upon your death, it may be used for:
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- Paying final fees and any other debts
- Ensuring the necessary resources to your family so it may sustain a comfortable standard of living
- Leaving a legacy to a charity with a good cause close to your heart
- Settling tax liabilities that increase
- Submitting your estate to your beneficiaries
During your lifetime, it may be used for:
- Increasing a cash value in a financially advantageous way
- Supplementing a retirement income
- Providing for chronic and home care
If you own a business, alone or with associates, life insurance can help you protect what you have built.
- Protection against debts
- Liquid assets
- Business succession and Buy/Sell agreements
Obviously, the best time to buy life insurance at a lower cost is when you think you do not need it, that is, when you are young and in good health.
However, life insurance can be a safe value at any time during your life, because it provides you with an essential protection. Also you may customize it according to your changing needs and budget.