If you have no children or dependents whom you support financially, you might not need a life insurance policy after all. Life insurance aims to provide a solution for those who seek income replacement, mortgage protection, estate planning, leaving a legacy, or burial expenses.
However, if someone you love is dependent on you financially, you need life insurance.
Buying a term life or a combination of term and permanent insurance may help you pay a lower premium.
Buying a policy early in life is also a good way to ensure a lower premium. The older you are, the higher the premiums, and the more risk you have of developing a health condition that could increase your premium even more or disqualify you from getting coverage at all.
AN INVESTMENT IS AN ASSET OR ITEM THAT IS PURCHASED WITH THE HOPE THAT IT WILL GENERATE INCOME OR APPRECIATE IN VALUE AT SOME POINT IN THE FUTURE. ... AN INVESTMENT CAN REFER TO ANY MECHANISM USED FOR GENERATING FUTURE INCOME. MAKE YOUR MONEY WORK FOR YOU. OFFERING A RANGE OF SAVING AND INVESTMENT OPTIONS. OFFERING A RANGE OF INVESTMENT SOLUTIONS TO SUIT YOUR FINANCIAL NEEDS & GOALS. SAVE FOR ANY GOAL.
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