Life insurance is a legal contract between life insurance company and insured person i.e policy holder. Life insurance is one of the most important segment in the personal financial planning. There lot more advantages life insurance coverage will secure the family .
Find below different major advantages:
- Family welfare and security: Unfortunate death of the family head, who take care of the family, if he passed away, the family will not suffer financially. The Insurance coverage will help to manage the family expenses. It will take care of family future regular lifestyle expenses.
- Protect the child education: In case if the family supporting person passed away, the children education still will continue and whatever the children’s dreams will get full fill by having the life insurance cover.
- Outstanding commitment will get clear: If any debts in the family such as Outstanding loans, unpaid mortgage loans, all kinds of debts will clear. The whole family will have Pease of mind.
- Lump Sum cash amount paid: It will take care of health expenses due to critical illness, if the person gets in to critical illness and not able perform his duties, this life insurance and critical illness plan will help re-Place of income.
- There are more life insurance plans are available in UAE, which will lot more riders as well with international coverage as well. Best term insurance plans available in UAE , also Life insurance plans as well.