Why Life Insurance
Looking for Investing in a Life Insurance product? But not sure exactly how it works?
Well, this page is aimed to give you a complete understanding of how it works and what you need to understand to choose the products that suit you the best. As at every life stage, everyone has a set of primary needs that requires sufficient funds to fulfill them. This is where life insurance comes into the picture- as it offers tailor-made products to cover every aspect at different stages of life.
There is no doubt that life insurance is a must-have for everyone. Hence it is very crucial to have a complete understanding of the value a life insurance policy can bring in to your life and that of your loved ones.
A life insurance policy is actually a contract with an insurance company. A lump sum amount is provided, in exchange for premium payments, known as the death benefits, to the nominees or beneficiaries upon the death of the insurer.
While choosing life insurance, the advisor will help you to map your needs & goals. This will help you pick out the options that suits you the best.