Insurance is designed to protect a person and family disasters and financial burdens. There are several types of insurance, the base is considered the most important and to be life insurance. It provides for the dependents after your death.

Since there are certain financial commitments you need to meet for life and do contribute in some way to the family income, you must provide something even in death to secure the house, using the family expenses meet for a while, protective dependent parents, or secure the children or spouse.

Financial obligations could include funeral costs, medical bills restless, mortgages, business commitments, meeting the college expenses of children, and so on.

How much insurance needs will vary, depending on lifestyle, financial needs and sources of income, debts, and the number of dependents? Insurance adviser or agent would recommend that you take insurance that amounts to five to ten times your annual income. The best way is to sit down with an expert and go through the reasons why you should consider insurance and what kind of insurance planning would benefit you.

As an important part of your financial plan insurance provides peace of mind for any uncertainties in life.

1. Life insurance correctly planned will be premature death provide funds to deal with money because, mortgages, and living expenses. He offers protection to the family you leave behind and serves as a resource for cash.

2. It secures real hard-earned death by providing tax free cash that can be used to pay estate and death duties and to address the business and personal expenses.

3. Life insurance can have a savings or pension expected during retirement.

4. Some policies have riders like coverage of critical illness or term insurance for children or spouse. There are certain rules regarding eligibility for riders which you will need to define clearly.

5. After a valid insurance policy is considered as financial assets which improves your credit rating when you need health insurance or a loan home loan or business.

6. In the case of bankruptcy, the cash value and death benefit insurance policies are exempt from creditors.

7. Life insurance can be planned so that it will cover even your funeral expenses.

8. Term life insurance has double benefits, protecting and you can get your money back during strategic points in your life.

9. Insurance protects your business against financial loss or any liabilities in case dies business partners.

10. This could contribute to maintaining the family's lifestyle when one partner contributes suddenly died.