Miami Florida Life
Insurance.
It's never too late
or too early to think about protecting your family's financial
future. Life insurance or life assurance is a
contract between the policy owner and the insurer, where the
insurer agrees to pay a sum of money upon the occurrence of the
insured individual's or individuals' death. In return, the
policy owner (or policy payer) agrees to pay a stipulated amount
called a premium at regular intervals or in lump sums.
Why do you need life
insurance?
Life insurance has
long been a part of estate planning in the U.S. Life insurance,
isn't necessary for everyone, however, it is prevalent for
parents of young children and those who support a spouse or a
disabled adult or child. Here are some reasons to buy life
insurance:
-
The death benefit may
be used:
-
To replace income the
family would need to maintain their standard of living after the
death of a wage earner.
-
To pay off a mortgage
loan and other personal and business debts or to create a rent
fund.
-
To create a fund for
children's education.
-
To pay final
expenses, such as funeral costs and taxes.
-
To create a family
emergency fund or a fund for a family member with special needs.
|
