Importance of Life Insurance
Life insurance is a vital part of financial planning that offers long-term security for you and your loved ones. Its benefits include:
Financial Protection
Provides financial support to your family in case of an unfortunate event, ensuring their needs are met.
Income Replacement
Helps replace lost income, maintaining your family’s lifestyle and covering daily expenses.
Debt Coverage
Ensures that outstanding debts like loans or mortgages are paid off, protecting your family's assets.
Future Planning
Can be used as a savings tool, helping you plan for your child’s education, marriage, or retirement.
Tax Benefits
Premiums paid for life insurance offer tax advantages, adding to financial savings.
