06-10-2024, 10:52 AM
Life insurance is crucial for financial security, especially for dependents. For instance, if a breadwinner dies, life insurance ensures their family's financial stability, covering expenses like mortgage, education, and daily living. It also helps settle debts, preventing the burden from falling on loved ones. It provides a safety net for business owners, ensuring the continuity of operations in case of their demise. Life insurance safeguards against unforeseen circumstances, offering peace of mind and stability to beneficiaries.