In the country where I was born, it is unbelievable that getting life insurance is not that important compared to Canada and some other countries that takes insurance seriously. Back home, during the days when I was working, about 10 years ago, seemed life insurance is only for the rich people. And thinking about receiving money from the death of your parents or the insured person is uncomfortable. Well, maybe the mass just don’t think about the beneficial factors of it.
Why Life Insurance?
Life insurance is simply a tool for:
- Protecting your loved ones from the unexpected
- Safeguarding your future
- Ensuring your hopes and dreams live on
Note to remember: The death benefit is paid to the beneficiary designated by the policy owner when the insured person dies and it is tax free.