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Family Life Insurance – The Most Precious Gift You Can Give To Your Family
by Debit Kunda1 “Dynamic” means to be constantly changing and progFamily life insurance or life insurance is not a thing that somebody is totally unaware about, especially in the present times. It is a policy that protects your family, cares for it, and nurtures it, when you are not there.
It is good to be an optimist and think positively, but it is an undeniable truth that this life is uncertain and unpredictable. We take certain things for granted until something happens and we become disillusioned. Nothing is permanent in this world, nor is our lives. If you accept these things, you will also accept that provisions are essential to be made and that too on time, so that when a particular unforeseen event happens, there is something to cover it and mitigate its impact.
Family life insurance basically provides a financial backup and support to the family of the insured in case of death of the insured. Thus, it can be said that family life insurance is the most precious gift you can give to your family. The people of family covered under such insurance plan are usually dependents or non-earning members. These people generally include insured’s spouse and dependent children, who are called beneficiaries in the insurance sector.
Following are the primary benefits that the insured and his/her family get from a family life insurance plan:
Peace of Mind: After taking a good family insurance policy, you may be rest assured that your family will not face any financial liability in case you are not there. Since they are financially secured, they will continue to live their life with dignity even after you are gone.
Mode of Investment: Many life insurance policies these days come with an attached savings account with them. This account makes you earn extra income through interest. You may withdraw your earnings once you retire or you’ve finished paying for your policy.
Funeral Expenses: Policies nowadays cover funeral expenses as well. In case of the death of the insured, the family left behind need not to worry about the funeral and other associated expenses. The insurance company prioritizes these expenses and takes care of them.
Accidental Death Cover: Many good policies also provide the provision of accidental death cover. Under this provision, the family of the insured gets paid the policy amount in case of accidental death of the latter.
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About Debit Kunda1 
“Dynamic” means to be constantly changing and prog
16 connections, 0 recommendations, 46 honor points.Joined APSense since, June 10th, 2014, From Billerica, MA, United States.
Created on Dec 31st 1969 18:00. Viewed 0 times.
