When should you buy Life Insurance?
Every insurance policy that we buy, whether that be for our car, business, or our own health is nothing more than a monetary investment to keep us financially secure in the long term.
Life insurance is one such investment that not a lot of us think about, because at the end of the day who really wants to think about their own demise?
We all forget to think about what will happen to our loved ones, those of whom that we are responsible for, if we are no longer there.
Lot of people have assets, both physical and monetary, that they believe are enough to provide for their loved ones after they are gone.
Must read: 5 Reasons why you need Life Insurance
But we often forget that the whole process of inheritance, combined with estate taxes and bureaucracy, often takes a very long time.
During which the people that depend on us may be left with no one to care for them.
Which is why Life Insurance is so important, it is a way of providing immediate financial relief to those of whom depend on us and are going through an immensely stressful and difficult time with us no longer there.