Preloader images
Preloader icon

Our life is like a riding bicycle. If we have the balance we can keep going towards it. In our journey, we also have to balance everything. We are moving forwards with a busy society. But take a few minute and close your eyes and just think about you, your family and your loved ones. If you are the one head of household you can imagine how can you spend your time with your loved ones., without any financial matter. Yeah ,I think you can’t get any clear idea. Just fine, I will sure after you read this article you can get an idea about the life insurance that make your life fulfill with financial stability. Also you will prefer to get a life insurance ,from the best Sri Lankan company called Union assurance which gives you a golden value to your life.

Do you head about insurance. Your friend or Negihbour might have suggested you to buy it. But maybe you should have not any clear idea about life insurance.

Insurance is one of the financial planning method. It covers you, your dependents and your assets against to the financial loses incurred in case of an unfortune event. Most of them do no the meaning of insurance and how it works. The concept of insurance is pretty simple. You pay a certain amount called the insurer for getting coverage of a pre determined amount for any damages suffered. There are four major types of insurance you can choose and get those. That most : life , health, auto and long term disability. Most of people have those some kind of insurance for their car , house or even their life. Also the insurance company pools client’s risk to make payments more affordable for the insured.

Pretty good, now is the time for you. Now we going to discussed about the major part of insurance. It is life insurance.

As the name suggests, life insurance covers your life. Life insurance different from other insurance here, the subject matter of insurance is the life of human being. life is the most important property of an individual. I suggested each and every one to requires life insurance. Life insurance is a contract between and insurance and policy owner.

Life insurance refers to the ensure financial freedom for his/ her / family member after death. Suppose you are the sole earning member in your family, supporting you spouse and children. Life insurance provides protecting to the family to stay financially idependt , square off liabilities taken in the form of loans, maintain the lifestyle provided and essential goals on track. There are different types of life insurance but the two main insurance is term life and whole life insurance. Simply,

Whole life insurance means it can be used as an income tool as well as insurance instrument. Can get death benefit and cash value component.

Term life insurance means, covers you set amount of time 10,20 or30 years and your premiums remain stable. As said before by having a life insurance you can get more importance to your life. If you poses a life insurance plan you can enjoy following,

It can replace lost income

You have self employed or own your small business the income might cover all your family’s daily needs. The economic system also hard to the people in Sri Lankan’s and also who were doing small jobs. housing , food , clothing , car maintance and health care premiums are in your monthly budget. Even without your income, your family will need to cover the expenses. The benefit from life insurance can help to provide the funds your family may need to help cover these expenses. You want to think a life insurance can help how much life you insurance may need.

Help to pay for future education.

If you are signal or marriage you can get this importance part to your life. If you have children life insurance can help your family pay for the future children’s education. If you have a already plan to started contribute your children to high education collage. The life insurance policy can provide additional money to help cover your children’s education

Your financial goals

In our life we have to go step by step and have a clear plan. And also have a financial plan for which money needs to be saved. Life insurance plans help you to achieve your goals by helping you to build a bright financial corpus with the protection of a life covers. Paying amount as an insurance each month will help you accumulate funds. Small monthly amount only keeps growing years from now, you will hare well accumulated to accomplishing your more financial goals

Reduce stress

Having life insurance will give you peace of mind. Life is uncertain , and life insurance can offer financial assistance to your family when you are no long around. Life insurance brings to your peace of mind and to your family. You can also plan retirement by taking retirement plan where you will receive a monthly income.

If your still wondering why should I buy life insurance now you can get idea by reading above key importance of the life insurance. Reaching your goals at every stage of life comes with some financial prep. Think about you biggest financial dream. To ease stress for loved ones, to protect your business , to cover end of life expenses , to pay bills ,to ease stress for loved ones and to give your family control over their financial future.

Future for your family and loved one is important so now you can get an idea about what is life insurance and the importance of it. Now you can minimize the risk and you can sand with financial stable person with a care and protection.