Life Insurance

Life Insurance

Though human life cannot be valued, a monetary sum could be determined based on the loss of income in future years.

While the emotional loss of the departure of a loved one cannot be filled, the loss of a source of income needs to be replaced by another source. That is where Life Insurance comes into play.

Life Insurance is Needed

• To ensure that your immediate family has some financial support in the event of your demise.
• To provide for other financial contingencies and life style requirements.
• To replace your family income when resources are less so they can maintain their quality of life.

How much Life Insurance is needed

The amount of Life Insurance coverage you need will depend on your Human Life Value ( HLV ), and its calculated considering following points.

• Your current expenses
• How many dependants you have
• What kind of lifestyle you want to provide for your family
• How much you need for your children’s education
• What your investment needs are