Find out how life insurance can insure your financial stability and the security of your family:

What is life insurance?

A life insurance policy is a contract between you (the policy owner – the insured) and an insurance company (the insurer). Under the terms of a life insurance contract, the insurer protects you from the results of unexpected, unfavorable events which might affect you or your family’s standard of living, in exchange for your premium payments.

Do you need life insurance?

Assessing the need for life insurance is simple; you should consider life insurance if anyone depends on your income or you are seeking to secure your future financial plans and prosperity. Essentially, you transfer the risk (loss of your income) to the insurer by paying a fee, or “premium,” to the insurer. The insurer, with a large capital base and expertise in risk selection and management, is better able to accept this risk than any single individual would be.
 
What is life insurance helpful for?

Risk transfer may be helpful in both personal and business situations.
 
Personal needs:

Protection for your family: Life insurance provides you with a sense of security in the knowledge that life insurance money will be available to help support family members in the event that something unexpected should happen to you.

Protection for yourself: Life insurance can be one of the best protections from consequences of personal accidents that may result in your inability to work and earn income.

Protection for your children’s future: One of your primary objectives may be to send your children to a university or college, or to support any other event that is important to their future and prosperity. Life insurance may be used to cover tuition expenses regardless of circumstances related to your health or ability to earn.

Investment income: Life insurance policies that accumulate savings can also be used as vehicles for personal savings and investment. Over a period of time, the accumulated savings in a permanent life insurance policy can grow to a substantial sum and, while growing, will still provide the insured with life insurance coverage. The amount received at the end of the insurance period can be used to secure your standard of living in later years, and to help in making your dreams come true.

Business needs:

A business insurance plan: When the owner or a key person (any person whose death would cause the business a significant financial loss) dies, a business continuation life insurance plan may be used to provide the necessary fund for the business' continued operation.

Life insurance as employee benefit: Businesses often use life insurance to provide benefits for their employees. Employers pay for all or part of these employee benefits as part of the total package under which they compensate their employees.

Why should we pay special attention to accidents?

• Accidents are unexpected and unpredictable. They can change a life in a second.
• Accidents can happen to anyone, regardless of his or her age or health.
• Accidents can have a serious impact on an individual’s or family’s standard of living – the accident victim loses income and may even face additional expenses.

Why does everyone need to save?

Regardless of age, family or financial status, everyone grows old. More and more money is needed in later years to cover our personal needs and the needs of the people we care about. Everyone has a dream that they would like to realize at some point in the future.

How can I get an insurance policy?

In order to buy a life insurance policy you should meet one of our insurance consultants who will carefully explore your personal needs and offer you the best insurance solution. Please get in touch with one of our offices to take advantage of our service.