Life insurance is a contract between an insurer and a policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured. The insurance company promises a death benefit in consideration of the payment of premium by the insured.
The purpose of life insurance is to provide financial protection to surviving dependents after the death of an insured. It is essential for us to analyze clients' financial situation and determine the standard of living needed for their surviving dependents before purchasing a life insurance policy. We are instrumental in assessing needs and establishing the type of life insurance most suitable to address those needs. Several life insurance channels are available including whole life, term life, investment link policies. It is prudent to re-evaluate life insurance needs annually, or after significant life events like marriage, divorce, the birth or adoption of a child and major purchases, like a property.
As a financial specialist, we have the capability to figure out a range of products to ensure that you have access to the best coverage to suit your needs. As your life changes or your business grows, so the same goes with your insurance needs. There are particular points in your life where you will find that your financial responsibility increase. Having an consistent relationship with us means that you can keep us informed of any changes that may affect your insurance and we can make adjustments according to your plan.
