Top 5 Benefits of Life Insurance

There are many factors in life that can change as we age. Financial status and health may change, but the need for life insurance does not. In the Philippines, many are not aware that you can build an investment in increments. You can do this by getting a life insurance policy.

What are the benefits of owning life insurance?

Here are the top five reasons to convince you to invest in life insurance. The earlier, the better.

You will have peace of mind. This is probably the first and most important benefit one will get out of life insurance. You can be able to live your life free from worry because you know that you have been setting aside money for your future.

The small premium that you pay each month will go toward slowly saving for your death and burial expenses, and also toward other benefits. It would be a much better choice to invest now, rather than when you are older. Remember, you cannot work forever, but if you start investing in life insurance now, you will not need to.

Your insurance coverage can be bundled with other types of insurance. Life insurance is so much more than just making sure your family will receive something when you pass. It can be bundled with health insurance, medical benefits and so much more other types of insurance that you can still be able to enjoy while you are still alive!

It can serve as your family’s inheritance. Not all of us are rich enough to give away millions and millions of pesos to our loved ones when we pass away. That is just the reality. But having a life insurance plan will ensure that you have something to leave behind when the time comes.

On top of this, your family will need not worry about the final expenses that will be incurred by those you left behind, because the life insurance will take care of all of it.

This is one of the focuses of life insurance providers. Families who have just lost a loved one should not be worried about where to get the money for funeral expenses. The family should be able to grieve their loss in peace, without this worry.

If you suddenly pass away before retirement age, your insurance policy will replace your income. Your family will still receive the same amount that was promised even if you pass before you finish paying the amount agreed upon in your policy. 

Your insurance can go towards the education of your children. The money you invested can turn into the payment of tuition fees for your children. 

Benefits are tax-free. The benefits that you and your family will receive under your insurance policy are tax-free! Your beneficiaries will not have to pay any taxes when they get the benefits, and the value of your policy will increase during your lifetime.

If you have read this far, you will have seen that life insurance is one of the most valuable investments you can ever make. The needs of your family may change over time, but then the fact remains that they will always have needs.

What a time to be alive, when you can have the opportunity to fund your family’s future years in advance. Start building your savings and investment this 2019!

Still unsure what life insurance can do for you? It is understandable. We have presented you with a lot of information and you might be overwhelmed. One of our specialists would love to answer any questions you might have.

If you are ready to get started, register using this link – https://www.epolicy.ph/start/life/ – to start your life insurance policy today!