Why do so many people fail to purchase an adequate amount of life insurance?
How would your spouse, child or other dependants survive without your income?
Life is full of uncertainties. That is why providing all the
financial protection for your loved ones is so important. We have a responsibility
to protect those who depend on us with an adequate amount of life insurance protection.
Life insurance can provide those who are left behind with a lifetime of financial
security.
Deciding whether you need life insurance is quite easy. Deciding
how much life insurance you need is slightly harder. A simple rule of thumb is
to take out a cover that is equivalent to five to ten times your annual salary.
For
Life
What would happen if you could not bring in the money
for the family? Is your spouse's income sustainable to meet the monthly household
expenses or debts? You need contingency cash to help the family tide over while
making their lifestyle adjustments.
You may have accumulate enough savings and assets to provide for your loved
ones. But accidents can happen anytime. Should anything befall on you, it might
deplete your wealth and you could lose your valuable assets and possessions.
