Future is an unpredictable reality of life, Sooner or later we are all going to perish Get your Life Insurance today!
Get A QuoteContact usWhy Do I Need Life Insurance?
We can not predict the future but can certainly decide on a solution.
Life insurance is an important financial tool that can protect you and your loved ones in case of unexpected events in life. Life insurance policies offer financial support to your beneficiaries in the event of untimely demise, helping them cope with the financial burden. In the event of an unexpected death or terminal illness, life insurance can provide a lump sum amount of financial support to your loved one.
Providing for dependents
If the insured had dependents, the life insurance benefits can provide financial support for them after the insured’s death, including helping to pay for living expenses, education, and other needs..
Paying final expenses
Beneficiaries receive a lump-sum payment from the life insurance policy, which can be used to cover funeral and burial expenses, as well as any outstanding debts or bills.
Paying of final debts
Life insurance benefits can be used to pay off any outstanding debts, including a mortgage, credit card debt, or personal loans..
Flexibility
Life insurance benefits are generally very flexible, and the beneficiaries can use the money for any purpose they choose. This can include paying off debts, covering living expenses, funding education, or investing for the future.
What should I consider while buying a Life Insurance
Your budget: Determine how much you can afford to pay for life insurance premiums. Be realistic and consider your monthly expenses and other financial obligations.
Your family’s needs: Consider the financial needs of your family in case of your passing. Think about their living expenses, education costs, and any other future needs.
Your health: Your health condition can impact your life insurance premiums. Some insurers require a medical examination before approving a policy, while others offer policies without a medical exam.
Type of policy:: There are two main types of life insurance policies – term life and permanent life insurance. Term life insurance provides coverage for a specific period, while permanent life insurance provides coverage for the duration of your life..
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Address:
P.O. Box 14124, Five Cross Roads, Hamilton 3252
Mail Us For Information:
info@smartlife.co.nz
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