What Are the Benefits of Life Insurance For Your Family?
We carefully plan every detail for our families—birthday gifts, vacations, education. But have you ever considered what will happen to them if you’re no longer around? Life insurance can provide a crucial safety net for your loved ones during challenging times. What is Life Insurance? Think of Life insurance as a contract between an insurance company and you. You pay regular premiums, and in return, the company promises to provide a lump sum payment, known as the death benefit, to your beneficiaries in the event of your death. If you wish to get the best life insurance plans in Kolkata , reach out to experts. Benefits of Life Insurance for Your Family Financial Security: Life insurance ensures that your family has financial support if you’re not there to provide for them. This can cover daily living expenses, mortgage payments, and other financial obligations. Debt Coverage: It helps settle any outstanding debts you may leave behind, such as loans or credit card balances, preven