Life Insurance is the only way one can directly buy a certain amount of future income.
Any other way to secure this money through:
• Deposit at a bank
• Investments in equities, mutual funds, bonds
• Investing in real estate
…could not create quickly and when he needed the necessary funds.
Simply put, life insurance takes the place of lost income - it replaces our economic value when we have gone or when we have become totally incapacitated to work.
Life Insurance programs provide protection for family and personal income from unforeseen events that may occur in the life of the insured person from Accident or Illness (Loss of Life or Permanent Total or Partial Disability) and threaten to leave the insured person and his family financially exposed. "Life Insurance" ensures that the standard of living of the family and the insured person is maintained. Ensures future family income in case of loss of life and personal income in the event of disability. It also ensures the preservation of the movable and immovable property of the insured.
The primary purpose of life insurance is to create capital directly.
Βut what does the insured do actually?
• He does not expect to be collected
• Ready to use at any time, even with an one-install payment
Safety of Life ... .. to not leave anything to their own fortune!