Life Insurance
Secure your family
Life Insurance
Life insurance is a contract between you and an insurance company. The company agrees to pay your beneficiaries the insured amount in exchange for your monthly payment.
Since insurance companies assume the risk, they must ensure they are getting a good deal. As part of the process, you must meet various medical and financial parameters for the contract to be accepted.
The most important parameter is your health, and the only one we could never predict, even if we lead a healthy lifestyle. Based on the results of our medical tests, the company evaluates each case and decides whether to accept our proposal.
Having life insurance is a privilege, as we must be healthy first and foremost. Next week, next month, next year, we may NOT be accepted by any insurance company.
The best insurance will always be the one you can comfortably afford and that also covers your family
When choosing the type of life insurance that's right for you, it's important to understand each option's features and what sets them apart. Keep in mind that none is better or worse — each meets needs that may be temporary (Term Life Insurance) or last a lifetime (Permanent Life Insurance).
Why and how much life insurance do I need?
Life insurance protects the family against a potential financial crisis in the event of the death of any of its members, primarily those responsible for financially supporting the household. When the insured dies, the insurance company pays the beneficiary(ies) the amount agreed upon in the contract. This benefit is tax-free.
The analysis of how much life insurance I need or how much benefit to purchase depends on each family's particular situation. The analysis takes into account your assets, debts, cash on hand, savings, and other insurance.
We will always need a sum of money to cover funeral expenses. The composition of the family unit, the ages of our dependent children, and the employment status of each member of the couple are also considered. Outstanding financial obligations (mortgage, debt, student loans, etc.) The amount of money needed immediately and the percentage of income that needs to be replaced are calculated. This will determine the amount of money needed to be protected, and will determine which protection needs are temporary and which are lifelong.
Insurance companies cannot replace the loss of a human life, nor can they put a price on it. A human life is simply priceless, but at least the money received can ease the financial hardship that the loss brought, not increase it.