🏢💼 In lieu of premium payments the insurance company agrees to pay a new amount to your beneficiaries if you die within the policy term. 👥🏦 But your investment will be paid back to you along with interest if you are on maturity. 💼💡
🛡️💼 Life insurance is not an investment! 🏠👨👩👧👦 💰🏦 One of the most important financial points that many people don't know is not to mix your investments with your insurance. 🛡️🌐 Life insurance protects you from unexpected events. 🏰👨👩👧👦
🚑🏥 Amount of Policy Coverage The first thing you need to do is get the life insurance coverage you need right. 🛡️🏠 Your coverage should be large enough to protect your family financially, but not so large that you cannot afford the premiums. 🏦💰 Generally, it is recommended that you buy a life insurance policy with a death benefit of at least 10 to 15 times your annual income. 🚑💉 🩺
