About Life Insurance
The most important thing of financial planing is to creating provisions for your family following your death.
It can ensure financial security to those who mean most to you such as your spouse, children and dependent parents. A carefully executed life insurance policy can help prepare for life’s uncertainties and give peace of mind knowing that the future of those who rely on you is secure.
In insurance, this value is used to determine the amount of insurance that a person should buy. Simply expressed the sum insured must equal the human life value.The most common way to assess human life value is to estimate your income each year until you expect to retire.
The estimation process can be considerably simplified if you assume that your income will increase in line with inflation.