Life is unpredictable. So, it is important to ensure that your family and loved ones are taken care of financially in case something happens to you. This is where life insurance comes in. It can provide some financial peace of mind if the worst were to happen.
Life insurance offers a way to replace the loss of income that occurs when someone dies. Life insurance is insurance for you and your family’s peace of mind. With a life insurance policy in place, you can:
- Provide security to your family
- Protect your home mortgage, loans, credit card borrowings etc.
- Provide finance to your loved ones to achieve their goals in your absence
- Ensure that your family is able to maintain their lifestyle, no matter what happens
- Take care of your estate planning needs
- Look at other retirement saving/investment vehicles.
If you are wondering what is life insurance meaning, you should know that a life insurance policy is a agreement between an individual and an insurance provider company, in which the insurance company gives you a secured financial protection to the policyholder in exchange of some charges (known as premiums or a nominal charges). At easy Investology, we have tie up with many companies and our experienced advisors can assists you to find the right insurance policy for you.
As per the life insurance description, the insurer (insurance company) pays a sum assured to the policyholder or to the named nominated nominees in case of the policyholder meets with an early demise in exchange for the premium compensation formed towards a life insurance policy. Based on the arrangement, in the incident of the sudden demise of the policyholder or, if the policy matures, the insurance provider shall compensate the person or his family a defeat sum amount after a certain amount of time period. There are different types of life insurance policies to suit the individual needs or requirements of the customer who buy a policy.
At easy investology, we will help you to find the best life insurance policy. Our Life insurance advisors are well qualified and experienced, they can help you in finding the right type of insurance plan for you. Once you get an understanding of which life insurance policy is best for you, they assist you to buy policy.