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Life Insurance is a kind of insurance that gives a contract between an Insurance holder and Insurance company. Life Insurance is whereby the Insurance company pay a designated beneficiary a sum of money upon the death of the Insured person, It will depends on the contract. The policy holder will typical pay a premium, either regularly or as a lump sum. Expenses such as funeral expenses are also included in the premium depending on the policy.
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ADVANTAGES & DISADVANTAGES OF LIFE INSURANCE? www.lifeinsurance-companies.co.za
WHAT ARE THE ADVANTAGES & DISADVANTAGES OF LIFE INSURANCE? www.lifeinsurance-companies.co.za
Life insurance companies provides the option to pass equal assets to the children who are not in the family business at the time the family business is passed on. www.lifeinsurance-companies.co.za
Life Insurance help secure the future of children for college educational purpose www.lifeinsurance-companies.co.za
Life insurance benefits are available immediately and may be used to help pay expenses such as final illness and funeral costs, eliminating the need to sell estate assets to cover these costs. www.lifeinsurance-companies.co.za
Life insurance has a great advantage of that the money you put into the insurance will definitely be returned to you, no matter what happens. lets say you decide to cancel your policy, then the cash value of the policy will be returned to you. www.lifeinsurance-companies.coza
WHAT ARE THE DISADVANTAGES OF LIFE INSURANCE ? www.lifeinsurance-companies.co.za
The premiums increases as you grow older. www.lifeinsurance-companies.co.za
The insurance company will terminate coverage at the end of the term or may become too expensive to continue. www.lifeinsurance-companies.co.za
The insurer’s investment choices are not disclosed, this policy does not allow flexibility in its payment amounts and schedules that were agreed upon during the application process. www.lifeinsurance-companies.co.za
For more info Life Insurance go towww.lifeinsurance-companies.co.za www.lifeinsurance-companies.co.za