Life Insurance
Life Insurance
Insuring Life is the most important aspect of Financial Planning. God has given the greatest gift ever to mankind i.e. Earning Capacity. The Earning Capacity generates the Income which is the most important part of our life & our finance. However, there are some threats to our Earning Capacity & untimely death is one of them. By insuring the life for a right value protects our income even after death & therefore protects our family from financial disaster.
Life insurance is a financial agreement that a person enters with an insurance company. On making regular premium payments, the insurance company provides the policyholder's beneficiaries a lump-sum payment upon their passing.
Life insurance offers numerous benefits, some of which are:
- It provides your dependents with financial security
- The death benefit can replace lost income, cover outstanding debts, and assist with daily living expenses after your passing
- Death Benefit under Life Insurance products are tax-free. So your beneficiaries can receive the full amount without tax deductions. Thus, it also helps pass on assets and wealth to the next generation efficiently.
- It prevents your family from inheriting your debt, preserving their financial stability.
Income Protection Insurance for Individuals
Having the right life insurance can provide you with the much-needed financial security. You can choose from:
- Term Life Insurance: This is the type of Pure Life Insurance which covers a bigger Sum Assured at a relatively lesser premium. It's a great tool for Risk Transfer at a minimal cost.
- Whole Life Insurance: It provides lifelong coverage with a savings component. You are covered for as long as you live, providing peace of mind to your beneficiaries. Generally these products offer high returns & as they are life long policies which compound your returns, the amount passed on to the beneficiaries are often in huge amounts.
And there are more.
How to Choose the Right Life Insurance Advisor?
Nesting Wealth has decades of experience assisting people in selecting the right life insurance with adequate coverage and an affordable premium. Our professional advisors have a proven record of excellence and offer customized solutions based on your needs.
