Secure your health, Protect your future
Eligibility
Who Needs Life Insurance the Most?
Short-term health insurance is designed to cater to a variety of individuals and families who may find themselves in need of temporary, limited healthcare coverage.
Parents with Young Children
Unless your family can get by comfortably on your savings or your partner's income alone a life-insurance policy can act as a financial backstop.
Primary Income Provider
A life insurance policy will provide a safety net for those who depend on your income.
Older adults with little savings
Older adults may consider a life insurance policy to cover any final expenses.
Business Owners
Small business owners may benefit from "key person insurance" which may prevent the business from closing if a critical member of the team dies.
Pros and Cons
Term Life vs Whole Life
Premiums are typically lower
You pick the term
Has no cash value
Fixed premiums with a standard
death benefits
Higher premiums
Last your entire life as long as you pay the premiums
Value increases over time
You can borrow against your policies cash value as they policy once funded.
Pros and Cons
Term Life vs Whole Life
Premiums are typically lower
You pick the term
Has no cash value
Fixed premiums with a standard
death benefits
Higher premiums
Last your entire life as long as you pay the premiums
Value increases over time
You can borrow against your policies cash value as they policy once funded.
Newsletter
How does Life insurance work?
Life insurance is a financial contract between an individual (the policyholder) and an insurance company. The purpose of life insurance is to provide a financial benefit to the policyholder’s beneficiaries upon the death of the insured person. Here’s a basic overview of how life insurance works:
Type of Policy: There are various types of life insurance policies, but the two main categories are Whole life insurance and permanent life insurance.
- Term Life Insurance: Provides coverage for a specified term (e.g., 10, 20, or 30 years). If the insured person dies during the term, the death benefit is paid out to the beneficiaries. If the insured person survives the term, no benefit is paid.
- Whole Life Insurance: Provides coverage for the entire life of the insured person. It also includes a cash value component that grows over time.
Why Buy life Insurance?
Financial Protection for Dependents
One of the primary reasons people buy life insurance is to provide financial security for their dependents, such as spouses, children, or other family members.
Debt and Mortgage Coverage
Life insurance can be used to cover outstanding debts, including mortgages, loans, and other financial obligations.
Estate Planning and Inheritance
Individuals with significant assets may use life insurance as part of their estate planning strategy. The death benefit can help cover estate taxes and other expenses, ensuring that the assets can be passed on to heirs smoothly
Business Continuity
Business owners often purchase life insurance to safeguard the financial stability of their businesses in the event of their death. This is especially important for small businesses where the owner's role is crucial.
Life insurance is a financial product designed to provide a financial safety net for individuals and their loved ones. In exchange for regular premium payments, the insurance company agrees to pay out a predetermined sum, known as the death benefit, to the designated beneficiaries upon the death of the insured person. This payout can be used to cover various expenses, such as funeral costs, outstanding debts, mortgage payments, and the financial needs of dependents.
ProvideSure makes it easy to:
- Compare plans
- Apply
- Find instant coverage
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