Life Insurance
Do I really need Life Insurance?
Life insurance provides money that is readily available at the time of need due to death. A lifetime of earnings can be cut short by
premature death, the adverse effect of the quick sale of one's assets, and the sudden
capital need to produce income for survivors after death are all needs that are met by life insurance. Therefore it is important to evaluate the
personal financial security needs of yourself and your family.
So life insurance provides cash when it is needed most. Life insurance is not just for death anymore, many of today's life insurance products also offer living benefits in the form of acceleration of the death benefit and can be a
source of funds during critical illness. In some cases, depending on individual product features and the amount of accumulated cash value life insurance, cash values can be accessed through withdrawals or policy loans subject to terms, conditions and loan interest charges that can vary among different products.