The most certain event in our life is death We are not here for a long time, but for a good time, so why not insure it while we still can?
Taking out Opting for a life insurance may or may not be a smart move: the decision you make will determine the future of your life.
Nowadays, accidents are more common than we would like to admit expect, and at the least expected time and place, we could simply lose a lot everyone we love. Life insurance is a breath of fresh air oxygen to alleviate the pain and worries and dismiss the worst moments of these tough steps that may occur in our lives.
However, is it really necessary to take out consider opt in for such the services? At Lewer, we will show you the answer go through the options that we offer.
Is it really important to take out opt in for a life insurance?
The importance of taking out opting for a life insurance depends on you and your perspective of the future, but to better understand a such important decision in your lifethis phrase a little better, we want to clarify what life insurance is.
Life insurance is a financial product that will give you peace of mind and peace of mind. The purpose of life insurance is to keep your life insured against serious accidents or, even worse, death. We don’t want to be pessimistic, but life is like a game of chess: you live to avoid being checkmated by life itself so soon you need to anticipate any sign move if you want to be precautious and avoid any misadventure for your beloved.
As we briefly mentioned, life insurance allows you to live without worrying about what might happen when a serious moment event occurs in your life. or The lives of your family members hangs by a thin thread., since insurance policies try to mitigate the uncertainty that exists in the conscience of the insured.
On the other hand, insurance policies not only ensure the possibility of covering the insured if his life is in danger, but in case of a serious injury, the insured has gets at his disposal a financial aid allowance that will allow him to cover his expenses while recovering from the injury, in case it is impossible for him to work.
Imagine for a second that you suffer have an accident, you have no life insurance, and your financial situation is slightly delicate precarious, how could you cover your relevant expenses?
The decision-making regarding life insurance falls on the survival instinct, and the concern for the uncertain future.
Types of life insurance
There are several types of life insurance in Canada, but the most prominent are:
Term life insurance
Term life insurance is an alternative for policy holders. This type of insurance provides protection and security at the price of a specific coverage for a certain period of time; as long as the conditions of the policy are respected.
The main coverage is death. and it is In this case where the beneficiaries would receive the payment of the insured capital. Temporary life insurance provides peace of mind and temporary economic stability to the beneficiaries after the insured person has passed away., which allows the bereavement to be handled with less despair.
The term of coverage is between 10, 15 and 20 years.
Permanent life insurance
According to the name As its name implies, permanent life insurance starts counting down from the moment the services were contracted until the moment the insured dies. Unlike term life insurance coverage, term permanent life insurance can last as long as the insured can lives, whether it is 50, 60 or 70 years.
Permanent life services also cover post mortem expenses after death, such as final expenses, family income, and even the liquidity of the estate.
Benefits of life insurance
Behind every tragedy, there is a light that shines, and life insurance does not break this rule of life.
Learn about the benefits you can obtain by taking out a opting for a life insurance policy:
Family financial security
If you have a family, life insurance will guarantee financial security for you and for them. This is one of the most appreciated benefits due to its possibility of insuring your family nucleus.
Clients recognize that family is an important aspect of their lives; protecting them is what they want most, and if unfortunately, something bad tragic happens, you will be glad you made the right decision to take out by opting for a life insurance.
Disability or Sickness Coverage
Just as we can cover your family’s back, we can also cover yours in the event of a really serious injury accident, or a fatal illness stipulated in the policy. In these cases, the insured is covered by the policy for any necessary expenses, accordingly the policy subscribed. in a controlled manner.
Goodbye to taxes or garnishments
If the reason of the case is fatal In the event of a fatal event, such as death, the payment of the insurer’s capital for indemnity concepts, does not remain subject to any kind of taxes, so the insurance fills an independent profile, and the inheritance of the life insurance becomes entirely solely transferred to of the designated beneficiaries.
Tailored to your needs
Depending on how your life progresses, some life insurance policies offer the possibility to modify the policies while they apply are in force. This means that the insured can change the conditions of the policy, the amount of coverage, the list of beneficiaries, the form of payment, etc., in order to adapt them to the current situation. to the needs of the moment.
Still not convinced by these benefits? Discover 5 reasons to take out opt in for a life insurance policy.
We want to ask you the question again: is it worth taking out opting for a life insurance policy? The decision is in your hands, but we assure you that it is better to be protected when you need it the least, than to need insurance when you need it the most.