Life insurance is designed to protect financially your beloved family and other people who may depend on you for financial support if you die.
With Life insurance you can make sure that your loved ones, will continue their standard of living like before.
Savvas P. Christoforou
CLU FLMI MBA LUTCF
Chartered Insurer
Actually, Life Insurance is nothing more than a bag full of money, you left your loved ones to go on with their life in case you are not there to provide for them
There are many kinds of life insurance, but they generally fall into the following two categories based on their term:
Term insurance is designed to provide protection for a specific period, and generally pays a benefit only if you die during that term. For example, a 10-year term or 20- or 30-year term Insurance. This type of insurance often makes sense when you have a need for coverage for a specific time. For instance, you may decide that you only need coverage until your children graduate from college or a debt is paid off, such as your mortgage.
Permanent insurance provides lifelong protection. If you pay the premiums, the full-face amount will be paid upon the death of the insured. Because it is designed to last a lifetime, it is more expensive than the Term insurance.
It is difficult to say which type of life insurance is better because the kind of coverage that is right for you depends on your needs, financial situation and stage of Life.
Savvas P. Christoforou
CLU FLMI MBA LUTCF
Chartered Insurer
Life Insurance for me, it should be called Love Insurance, because mainly it done for those we Love
An additional factor that we should take into account for the sustainability of the insurance contracts in our possession, is the fact that they may have been signed under the pressure of Banks for various facilitations we required as either individuals or entrepreneurs. In most of these cases, due to pressure and without any possibilities of negotiating anything set on the table, various proposals have occurred which result in more economic benefits for the Banks rather than us. As a result, in most cases, it produces high insurance premiums and few benefits. Especially if we bear in mind the way banking institutions have proved to have acted and made decisions, they may have invested our money into wrong investments with known catastrophic results. Taking this into account, we will soon realize that it is time to audit our insurance contracts.
Savvas P. Christoforou
CLU FLMI MBA LUTCF
Chartered Insurer
Life Insurance is always paid by someone. Either by the person who love and care him family when he was alive, or by his children if he dies without Life Insurance
If you are interested in Life Insurance, please fill out the form below, and we will be more than glad to assist you choose the proper Life insurance plan for you.
