Life insurance provides an infusion of cash for dealing with the adverse financial consequences of the insured’s death. Life insurance enjoys favorable tax treatment, unlike any other financial instrument. Death benefits are generally income-tax-free to the beneficiary.

The problem is that, in most cases, the expenses incurred after an accident, the death of a loved one, or a disability are beyond any savings or wealth that a person may have accumulated and it is for this reason that insurance is such an importantcomponent of your financial planning.

WhatsApp chat