Life insurance is one of the most effective ways to protect your assets and family. A properly designed life insurance program is the key to proper financial planning. Some of the many things life insurance can cover are:
- Pay off outstanding mortgages, loans and debts
- Provide your family with the funds to maintain a lifestyle and cover family expenses
- Help you pay for your children’s education.
- Pay for final expenses in the case of your death like funeral costs, probate fees and estate taxes.
Life Insurance comes in various forms based on the two following types:
- Permanent plans
- Temporary Insurance
Life Insurance
- Term Insurance
- Whole Life Insurance
- Accidental Death and Dismemberment
- Guaranteed Issue Life Insurance
- Non-Medical Insurance
- Universal Life Insurance
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Disclaimer: Insurance, Investment and Mortgage products & services are provided by Devangkumar Shah.
Mutual Funds are sold through Shah Financial Planning Inc., the Mutual Fund Dealer.
Lotus Loans and Mortgage ltd. is the principal mortgage broker.