Life insurance is an important element in financial planning. It acts as a protection to dependents when the breadwinner of the family passes away. This plan also acts as a beneficial saving and investment mechanism and provides a lumpsum amount to the family after the insurer’s death. Apart from being a tax-saving tool, life insurance brings in financial discipline, is an enabler of long-term goals and helps manage risk against debts.
Advantages of Life Insurance
- Protects from the intensity of untimely death bring to the family/dependents.
- Affordable policy rates.
- Favourable tax treatment.
The role of the financial advisor
While life insurances provide more advantages than disadvantages, what are the points to keep in mind while choosing one? Which policy to go for? Which policy will support you and your loved ones in the best possible way? Kapil knows how important your family and loved ones are to you. He has guided many on this path of self-sufficiency and strength during the most challenging times.