The unexpected passing of individual leaves a lot of void and the surviving members are left to cope with a lot of stress and trauma. And no matter what, expenses never ceases to exist; it just piles on- be it rent, childcare expenses, loans, etc. In such a scenario, loss of income would cause immediate financial hardship and your loved ones are left struggling. Nobody wishes this upon their family, hence life insurance needs to be seriously considered.
There are many categories of insurance policies available in the market today. Depending upon your needs and requirement your Financial Advisor will help you pick out the right one. You need to give complete details on your current financial status, along with your short term and long term goals, so that your Advisor is well-equipped to make a prudent choice for you.
There are many categories like Retirement plans, Money Back Plans, Child Protection Plans, Endowment plans and much more.
Remember, life insurance is a great tool for both protection and helping you save in a disciplined manner which eventually leads to the creation of a good corpus. With the help of your advisor, fix your goals align them with your financial objectives, and lead a stress-free life with a financially secured future.