Examine the best and several benefits of life insurance policies.
Examine the best and several benefits of life insurance policies.
With life coverage benefit, your family can meet any financial necessities or obligations in the event of your death.
Life insurance is an affordable financial policy which ensures that your family can pay off all your liabilities in the event of your death.
Customers can choose between three major currencies – USD, GBP or EURO in Dubai. In the event of the death of the policyholder, his or her family will get the lump sum in the currency selected.
Life insurance policies, by and large, are affordable in that they provide high coverage at lower costs compared to other insurance products.
Life insurance policies can be customized to suit your requirements by adding various benefits, namely, forever benefit, waiver of premium, accidental death benefit, permanent total disability and personal accident among others.
Most life insurance policies offer renewable terms which can be converted to a permanent plan, i.e., whole life or endowment plans. Also, a level term insurance offers customers the flexibility to pay premiums over a period of 10, 15, 20 and 25 years with a fixed premium throughout the policy term.
Some life insurance policies have a provision of a replacement income if the sole breadwinner dies.
In many cases, life insurance cover helps consumers repay any loans or debts left behind by the policyholder.