Life insurance is like a blanket of security for someone who depends on you financially, and it can be an important part of an overall financial plan. But what type of life insurance is best?
The answer is different for everyone, of course. This primer on one common option, called whole life, can help you decide whether it should be in the running for you.
What is Whole Life Insurance?
Plan your kids' future today with Child Insurance Policy. Child Insurance Plans provides to higher education, to first job, marriage and things thereafter of your child.
Your family just expanded and you now have a new member - your beautiful baby. Life would have got a new meaning altogether and from now on your child is going to the centre of all your attention. You surely would want to give him all the joy and comfort in every possible way.
The purpose of any insurance plan whether life or non-life, is to provide financial safety and aid the policy holder (or his/her dependents) in the case of an unfortunate event. Buying life cover is important and ensuring that it is adequate is paramount. A life insurance policy that does not provide sufficient financial aid to the dependents at the time of need just defeats the purpose of buying the policy altogether.
