Lapeira & Associates LLC Blog
A lifetime arrangement between an insurer and a policyholder is known as life insurance. If the insured policyholder dies, the provider agrees to allocate a sum of money to designated beneficiaries in exchange for the premiums paid by the policyholder during their lifetime.
What Kind of Life Insurance Do I Require?
Who Is a Good Candidate for Life Insurance?
Shortly after the death of an insured, life insurance provides financial support to surviving dependents or other beneficiaries. Here are a few people who will need life insurance:
Parents with children involved when lacking a parent's income or ability to care for their children may trigger financial difficulties. Insurance coverage will provide financial resources that children need before they can support themselves.
Families of vulnerable grown children- benefits will understand the needs of children who need lifelong care and will never be self-sufficient after their parents die. You can use life insurance to fund a special needs trust controlled by a fiduciary to benefit the adult child.
Adult children who provide care for aging relatives- adult children make sacrifices by taking time off work to support an older relative who needs assistance. This support may also include direct financial help. When an adult passes away, health insurance can help pay for the adult child's expenditures.
Because the insurance sector is far bigger than so many consumers realize, getting insurance coverage can be possible and affordable even if previous applications have been rejected or rates have been cost-prohibitive.
At Lapeira & Associates LLC, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (855) 963-6900 or Click Here to request a free quote.
Leave a Reply.