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Old 11-08-2013, 11:45 AM
danielhermann danielhermann is offline
Join Date: Aug 2013
Posts: 44
Default Re: Benefits of life insurance policy?

Life insurance as the word goes gives assurance to life. In case of health problems the insurance covers all the cost of hospitalization, medicine, etc. When the insured person dies the family gets the benefits thus by the immediate loss the family can have financial help to reset themselves up. So in a nutshell everybody should get their life insurance done.
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Old 12-11-2013, 05:37 AM
memanishraghav memanishraghav is offline
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Join Date: Dec 2013
Posts: 2
Default Re: Benefits of life insurance policy?

Life insurance is important because of the following reasons:

Insurance…. Why, Who, When, How ? Do I need it ?

1. The most valuable thing any father can leave his children is their mother's time.

2.One ordinary father can support four children. But it takes four extra-ordinary children to support one father.

3. When you die, there are three deaths: the husband, the father and the income.

4. Whatever excuse you may have for not buying life insurance now, u will only sound ridiculous to your widow.

5. The only thing a man can buy on the installment plan, on which his widow won't have to finish the payments after he dies, is life insurance.

6.You are your family's trustee. The question is - are you a good trustee?

7. Your wife may object to life insurance, but buy it for your widow. Do you think she would object?

8. Most men buy life insurance because they once fell in love with a girl and decided to support her as long as she might live.

9. You don't buy Life Insurance because you are going to die, but because those you love are going to live.

10. Your widow's most cherished memories of your good intentions will not pay the rent or the grocer's bill.

11. If every wife knew what every widow knows, every husband would carry more Life Insurance.

12. One of 2 things is certain; you'll live or die. If you live you'll need money; if you die, your family will.

13. Are you planning to provide for your wife for as long as you live? Or for as long as she lives.

14. If there is anything worse than a home without a mother, it is a mother without a home.

15. Plan for life as though you will live forever. Plan for death as though it will come tomorrow.

16. Why force your wife into the marriage market, for lack of economic independence, when her soul is burdened with rich memories of you?

17. "Play fair" with your wife. If conditions were reversed--how much life insurance would you want her to carry?

18. People don't die at the right time. What makes you think it will be different for you?

19. The CURE for dependence at sixty-five must be taken in the thirties.

20. Life Insurance offers a man the only way where he can make his will before he makes his money.

21. Life Insurance is the same as a parachute in an airplane. If you ever want it and haven't got it, you'll never need it again, to have it when you want it, you have to buy it when you don't.

22. An old man can last a long time, but he can't last longer than a retirement income policy.

23. Life Insurance is like fun - the older you get, the more it costs - and the harder it is to get.

24. Unless you have a rich uncle, the only money you will have at retirement age is the money you don't spend now.

25. You can borrow money to pay a premium - but you can't borrow health to pass an Insurance medical test.

26. Would you agree that the only person who can take care of the older person you will someday be - is the younger person you are now?

27. Life Insurance is the only way you can balance your "Will" if it doesn't balance now.

28. Life Insurance is the language of love. It is something we do for someone else.

29. Life Insurance will give your wife the opportunity to visit your children without having to stay.

30. The last thing in the world will have to judge you by, is the condition you leave your family.

31.The only man who gambles on life insurance is the man who goes without it. He doesn't carry the risk - his family does.

32. Death comes everyday to someone and someday to everyone.
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Old 01-16-2014, 06:19 AM
qqueen qqueen is offline
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Join Date: Jan 2014
Posts: 1
Default Re: Benefits of life insurance policy?

Consider life insurance like an investment you make to benefit your loved ones when you die. When you get a life insurance plan, your beneficiaries will be given a certain amount of cash when you die.
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Old 01-23-2014, 01:00 AM
arjun arjun is offline
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Join Date: Jan 2014
Posts: 10
Default Re: Benefits of life insurance policy?

A Life Insurance plan ensures that your family is financially secure. With the help of life insurance it protects your assets and provides you goal based saving.
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Old 01-26-2014, 12:37 PM
danielhermann danielhermann is offline
Join Date: Aug 2013
Posts: 44
Default Re: Benefits of life insurance policy?

Each and every one of the posts above have clarified the reason for a life insurance policy. I will go one step ahead and say it is nearly the first financial product a person purchases as soon as he has independent funds. There is no downside at all as long as you go on paying the premium.
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Old 01-29-2014, 11:12 PM
mira mira is offline
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Join Date: Jan 2014
Posts: 18
Default Re: Benefits of life insurance policy?

There are two types of life insurance policies: whole life policy and term life policy. In whole life policy, only your nominees will get the policy amount after your death. So, you can die peacefully knowing that your dependents can live well. In term life policy, you get the policy amount after a fixed term or your beneficiaries get the amount after your death before the expiry period of policy. It is simply a way of diversifying risk.
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Old 05-13-2015, 09:32 AM
arundhati.kher arundhati.kher is offline
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Join Date: May 2015
Posts: 4
Default Re: Benefits of life insurance policy?

Follow these Three Tips for Buying Life Insurance for the First Time

1)Find the right type of policy: Many first-time people think that all life insurance policies are the same.
2)How much coverage do you need? Along with the type of policy, you need to consider how much coverage you need.
3)Which company are you going to buy from? This is a detail that is constantly overlooked. Some people think that all life insurance companies are created equal. This is not the case now, and never will be in the future.

Visit Future Generali’s website to find out different types of life insurance policies and their benefits.
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Old 05-11-2017, 07:16 AM
emilyhilscher emilyhilscher is offline
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Join Date: May 2017
Location: London
Posts: 19
Default Re: Benefits of life insurance policy?

Insurance is so much beneficial even after the death. It won't help you but definitely your family
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Old 07-04-2017, 03:00 AM
divi divi is offline
Senior Member
Join Date: May 2017
Posts: 131
Default Re: Benefits of life insurance policy?

Originally Posted by michaelK View Post
Hi all,

Everyone says, life insurance is beneficial for us? plz tell me how?

Thanks in advance

Hi, Life Insurance is very important for everyone. If something happens then this would help the family financially. http://www.mymoneysouq.com/insurance...-insurance-uae check this you will understand better
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Old 09-29-2017, 10:12 AM
OCP Biz OCP Biz is offline
Join Date: Jul 2017
Location: Florida, USA
Posts: 79
Default Re: Benefits of life insurance policy?

its provides security as well money investment. you can invest your money as well as your family will get insured money in case of person's death.
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Old 10-18-2017, 05:55 AM
AnandRathi AnandRathi is offline
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Join Date: Oct 2017
Location: India/Maharashtra/Mumbai
Posts: 10
Default Re: Benefits of life insurance policy?

The uses for life insurance benefits may include: Paying final costs: LifeHappens notes that life insurance policy benefits can be used to pay final expenses, including funeral or cremation costs, medical bills not covered by health insurance, estate administration fees or other unpaid obligations. Even expenses such as a mortgage balance can be covered by your benefit.
Paying off debt or replacing income: According to ,LifeHappens life insurance benefits can help replace your income if you pass away. Your beneficiaries can use the money to help cover essential expenses, such as paying off a mortgage or securing college educations for your children.
Inheritance: The suggests buying a policy with a named heir as a beneficiary in order to secure an inheritance for your loved ones. The death benefit can also serve as a supplement to other inheritance funds you may wish to leave your heirs.
Paying federal or state estate taxes: Your heirs may face an estate tax upon receiving their inheritance, depending upon the state of residence and the amount. The III suggests that life insurance benefits may be used to partially or completely offset this cost for your heirs. Consult with your life insurance provider or a financial professional for more information on your projected estate tax impact and life insurance benefit.
Charitable contributions: Life insurance policies can be created with your favorite charity as a named beneficiary, the III says. This can help ensure your philanthropic goals are met after you die, and that benefits are provided to your charity of choice — even if you don’t have a very large nest egg or estate.
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Old 12-28-2019, 04:41 AM
SunnyMay SunnyMay is offline
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Join Date: Sep 2016
Posts: 263
Default Re: Benefits of life insurance policy?

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