what are the benefits of life insurance ? - letsdiskuss
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jhon paul

Analyst | Posted on | others


what are the benefits of life insurance ?


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Educator/ Work from home Search Engine Evaluator. | Posted on


“Never say that won’t happen to me. Life has a funny way of proving us wrong”. In our life, nothing is for sure and that is sure. Daily we are seeing one or two accidents and sudden deaths in our life. Death is inevitable. We are mortal. Death is unavoidable.

But we can give some comfort after our death or during any accidents to our dear and near. Life insurance is such a wonder and wise investment, which will take care of our kith and kin if anything happens to us.

The benefits of Life insurance are:-

1. life insurance policy takes care of sudden cash need and financial instability of the beneficiary after the insurer’s death.

2. Usually, death-benefits are income-tax-free to the beneficiary.

3. The policy holder’s family is covered by risk if the premium is paid regularly.

4. You can get a loan from life insurance if a considerable amount is saved in your policy via premium.

5. Even hospital expenses and treatment fees are covered by way of riders.

6. The income from this is an assured one. Even if nothing happened to you until the policy maturing period, you can easily enjoy your old age.

7. The return is more in a life insurance policy than other forms of investments.

Life insurance policy is a necessity. Don’t waste time and get a policy now itself.

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Analyst | Posted on


As per your discussion about the lifeinsurance topic that you have shared is informative.But  Life insurance usually only covers death if you can’t provide for your family because of illness or disability, you won’t be covered.
Some life insurance policies provide a terminal benefit, although these are not automatically granted. 
A terminal benefit will pay out on diagnosis of a terminal illness. Check the terms and conditions of your policy to see if you’re covered.
 And if we have a serious health problem when you take out the policy, your insurance might exclude any cause of death related to that illness.
You can buy other insurance products for these issues for the need that which covers:
long-term illness 
critical illness cover.
total and permanent disability.


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