Do I really need a Life Insurance!?

This question might have come to everyone’s mind, when somebody approach you, maybe it’s an insurance agent or any financial advisors. And most people’s answers to them were “NO”, because they’re young and physically fit or in a thought that they don’t want to spend money in which they don’t see much profits.

If your loved one depends on you financially, you are someone who needs life insurance. When you say “NO” to life insurance policy, you’re turning your back towards your parents, wife, children or anyone who depends upon your protection.

Life insurance is like a replace of your income. Life insurance provides cash to your family or loved ones after your death, this cash known as a death benefit, with this cash your loved ones can easily live a financially secured life.

Two types of Life Insurance plans:

Protection Policies or Term Life Insurance: This type is considered the most affordable type of life insurance and is designed to provide a benefit, such as a one-time payment, in the unfortunate case of a death to the insured person. This is most suitable for individuals with existing health issues.

Investment Policies/ Whole Life Insurance: The objective of this type of policy is to serve as a protection for the entire lifespan of a person (up to their 95th birthday). This is achieved by creating growth of capital through the payment of premiums on a fixed interval basis. This is also known as Variable Life Insurance.

Term VS Whole Life Insurance

A short video to help you to know the difference between term life and whole life insurance.

Term VS Whole Life Insurance

Choosing the right Life Insurance policy can be complicated with many variables and factors to consider when evaluating and making a decision on a policy for you and your family.

Whats App/Call +971 55 933 4465 or email jsankar.ld@insurewithpetra.com to plan and secure your family’s future by comparing life insurance quotes and find the best price today.