Introduction As one grows older, financial security becomes a priority. Retirement usually translates to a set income, and elderly individuals must ensure that dependents are not saddled with bills, funeral expenses, and unpaid debts. Life insurance is a great financial instrument that gives one peace of mind by assuring the financial security of dependents. Nevertheless, […]
Introduction Life insurance is commonly known as a financial security blanket that gives protection to loved ones in the event of a tragic occurrence. But it is far more than a risk-reduction vehicle—it can also be a sound investment vehicle. Strategically selected and utilized, life insurance policies can create long-term wealth, provide tax advantages, and
Introduction Life insurance is a crucial financial safety net that provides monetary support to your loved ones in the event of your passing. Many employees receive life insurance as a part of their workplace benefits, often at little to no cost. However, when you switch jobs or retire, you may wonder what happens to this
Introduction Life insurance is the most valuable financial instrument that guarantees financial security for your loved ones in the event of your untimely death. A standard life insurance policy may not always be enough to address all possible risks and uncertainties of life. This is where insurance riders are helpful. Riders are add-on benefits which
Introduction Life insurance is not only a financial protection tool—it is also a tax-saving vehicle. Most individuals buy life insurance for the sole reason of protecting their family’s future, but they tend to ignore the tax advantages that come with it. In addition to providing a financial safety net, life insurance policies help policyholders reduce