Insuring Lives
Because Life is important to Us. One of the principal risks of not being covered in case something unexpected happens, like natural disasters or accidental death is that you can end in bankruptcy or even worse leave your family homeless. Death is an intrinsic risk to our existence. The absence of a life insurance implies a huge cost for the dependents when you don’t have a second income option. In the American field, less than 20% of the Latin population has life insurance coverage. What most people don’t know is that the life insurance protection contributes to the financing of the college education for each children in the family, therefore prevents them to abandon their goals because of the need to contribute to the household economy. It can also provide funds to support other dependents of the family like grandparents or somebody disabled in the family and it will provide a better quality of life to the spouse.
Since the economy is declining it might be very difficult to the spouse have a quality life, this is why you can replace the revenue of the family with the life insurance. Today it is common to see families where both spouses work and provide two salaries, but usually these are commitments for both wages and the absence of one of the two would create a financial problem. This policy can also help to supply an emergency fund exhausted, or prevent the family into debt and eliminate the existence of these. Among these services exists the possibility to meet the unavoidable costs of funeral and burial; final medical expenses and property transfer costs, administration or inheritance tax payments. Last but not least, in many families to keep coverage may face a chance of passing a legacy from one generation to another.
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