Reasons_Why_You_Need_Life_Insurance by hashournonos

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									Title:
Reasons Why You Need Life Insurance


Word Count:
310


Summary:
Insurance is there to protect you from financial burdens. There are many different types of insurance. The
most important would have to be life insurance. It helps your dependents after your death.


When you have built up or thinking of building a family with the one you love you will probably sleep
better knowing that they will be safe and secure after your death. Some financial obligation might be funeral
expenses, mortgages, medical bills, college expenses for children ...



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Article Body:
Insurance is there to protect you from financial burdens. There are many different types of insurance. The
most important would have to be life insurance. It helps your dependents after your death.


When you have built up or thinking of building a family with the one you love you will probably sleep
better knowing that they will be safe and secure after your death. Some financial obligation might be funeral
expenses, mortgages, medical bills, college expenses for children and so on. So it would be good to have it
all planned out before anything happens and you leave your family with nothing.


How mush insurance you need depends on the individual. It depends on their lifestyle, financial needs, and
sources of income, debts, and the number of dependants. You will probably be advised to take insurance that
amounts to about 5 to ten times your annual income. It would be a good idea to sit down with an expert to
talk about why you need and want the insurance and then what insurance plan will fit your need and be the
most beneficial to you. Life insurance can also have a savings or pension component that helps during your
retirement.


If it’s planned out correctly life insurance on premature death can give the needed funds for bills, and living
expenses. It can also prove to be a protection to your family.


Some insurance polices have to see if you are eligible first. If you have a critical illness or term insurance for
your children or spouse, it can deter your eligibility.
Did you know you that having a valid insurance can be considered as a financial asset? That can improve
your credit rating if you need health insurance or a home loan or business loan. So go and find out more
about life insurance. You’ll be glad you did.




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