Life Insurance and You
According to Forbes “life insurance” is a contract between you and an insurance company. Essentially, in exchange for your premium payments, the insurance company will pay a pre-determined lump-sum amount known as “death-benefit” to the beneficiaries you nominate after your death. Your beneficiaries can use the money you left for them for whatever purpose they choose.
Please note that there are policies and life insurance contracts that dispenses out the payments in case of events like terminal illness or critical illness etc.
Roma Pithadiya will guide you, every step of the way and will help you get multiple quotes from the best and the most trusted carriers. enabling you to chose the best plan that fits your families needs and your budget.
Factors That You Need To Consider
There are several types of life insurance products in the marketplace. Here are some of the popular ones:
- Term Life
- Permanent Life
- Whole Life
- Variable Life
Each family’s needs are different and depending on the age and phase of life of the survivors picking the right policy can get quite tricky. We are here to help you understand the little nuances and help you pick a policy of may be even stack policies to get the maximum benefit for your family.
Good To Know...
Depending on your current income, you may quality for premium finance option. Do get in touch with Roma to learn more about this option esp if you are HNWI with earnings more than $350K annually.