So many people have not really come across people buying life insurance, This may have been because of the initial belief they have or may have resulted from the kind of environment or society they grew up.


Insurance is a very great program one should do, but due to ignorance of many, they have not seen good reason(s) why they should insured their lives. For me, I have taken my time to study and research about life insurance, so, in this article, i will be sharing with you some reasons why you should purchase life insurance......



Good Reasons to Buy Life Insurance

1. To Reduce Burden Of Your Spouse And Children After Death :- To get just the funeral ceremony done in a grand style, millions of naira will be needed, for great people who has subscribed to the life insurance scheme, this big money will be easy for the family to raise without running into debts.

2. To Finance Children’s Expenses :- Subscribing to this program, is just another way to ensure that your children wont suffer after when you have gone. Nobody can take care your kids like you. This is like creating a room for you to take care of them, even if you are no more.

3. To Serve As Capital For Your Child Or Children:- There might be need for your child or children to think of investing so that the family will never be short of funds to run the home, sustain your properties and maintain it. Instead of thinking of selling one property to maintain the other, they can invest to get another source of income, if you leave a good amount of money for them, this can be done, only if you subscribe to life insurance plan.

4. To Pay Off Your Debts:- who knows if you are going to be "called to glory" when you just collected a particular loan or procured a certain property or equipment on credit; Being on a life insurance plan will make it all go without trouble.

5. To Pay Off Estate Taxes and other charges:- Estate taxes and other charges can be increased, therefore, when you have insurance in place to pay them is essential to avoid jeopardizing assets or funds built for retirement. Use of insurance for this purpose is most common in large estates, and uses permanent insurance to ensure that coverage remains until the end of life. life insurance senior couple


How Much Should I Budget For Life Insurance per Month ?
Before going into life insurance, you need to consider your monthly steady income, your steady expenditure, and others..
Check out the minimum you can always afford every month ( not the maximum ).
Check out the Life Insurance plan that will match this minimum amount you can take out after considering your maximum expenditure rate and your minimum income, if its the smallest plan you are capable of subscribe to, subscribe to it.

And if you have the ability of going for it, go for it without procrastination.


How to detect Fake and Genuine Insurance Companies
Fake insurance companies defraud consumers by collecting premiums for bogus policies with no intention of paying claims.

Because of this, there is need for you to be sure if you are dealing with a good or fake insurance company.

1. You must check out if they are duly registered with the government.

2. You must check out from one or two existing customers.

3. You must check out for their testimonies, and see how real they are.,


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