Additional Services: Life Insurance
Along with disability insurance, Got DI also offers life insurance policies. We will negotiate a premium, either as a lump sum or as a monthly payment that promises to pay out after the insured’s death. The amount is then paid out to the policyholder or the family of the deceased to prevent financial hardship as the result of lost income. It also gives the insured person peace of mind to know that their family will be taken care of in the event of an untimely death.
Do I Need Life Insurance?
Most people ask themselves this question when they first get their “career” job, or get married, or start a family, or have a near-death experience, or face another monumental life experience. But the truth is that you should probably have some sort of life insurance policy, if you can afford it.
Just like any other insurance, you buy it in case of an unforeseen accident. While it is easier to believe you will be in a car accident than to die, there is still a chance even if you’re young. Here are some specific examples where you should strongly consider a life insurance policy.
- You have a spouse, domestic partner, children, and/or aging parents/grandparents who rely on your income or who would not be sufficiently covered through your savings.
- You own a business.
- You have a large estate.
- You have reached an age where it is better to prepare for the worst.
Some of the life insurance policy options that