Surely, all of us at some point have heard about life insurance and have some vague notion of what it implies. But also few feel the need to hire their own.
This has to do with a limited understanding of what this type of insurance implies, where we only believe it is needed at risk of death. This way of thinking leads us to miss out on multiple benefits of this essential coverage for everyone.
Next, we stop at the main reasons to take out insurance of this type and enjoy what it offers us:
1. Protection of the future
The main reason why people hire a life insurance it has to do with considering your family’s future in the face of a tragic event. Although many refuse to think about these things, it is a smart projection.
The contracting of this insurance implies that, in the event of the death of a person who contributes as a breadwinner for the family, the rest of the members will be able to count on an income of money. In this way, they will be able to face the future in a better way.
2. Response to serious diseases
However, this type of insurance not only contemplates the risk of death, but also presents options for other types of health-related problems. Fundamentally, we are talking about accidents or serious illnesses.
This has to do with the disqualification that one of these events can mean, such as disability or cancer, for the breadwinner to continue working. Given this, the insurance will absorb the economic impact of this new situation.
3. Deduction of earnings
One of the most unknown reasons when contracting this type of insurance has to do with the deduction of earnings. This means that, before contracting life insurance, we can include it in our tax return.
In this way, it will help us to reduce the value of the payment we make for income tax, if we are within the category that must pay it. This is one of the big reasons for quote life insurance and start having one.
4. Protection of savings
Then, a reason perhaps more lateral but equally important than the previous ones has to do with taking care of our savings. Consider the economic impact that death or serious injury can have on our saved money.
With life insurance, we can count on someone to answer for us in the event of this type of extraordinary event and allow us to protect our finances.
5. Other coverage
Finally, it must be said that life insurance not only responds to the needs involved in death, disability or serious illness. Rather, this type of policy allows us to obtain a response to minor occasions.
With good life insurance we can receive different extra assistance, such as discounts at pharmacies or the use of emergency transfers, to mention just a few.
