The most obvious benefit of life insurance as we mentioned earlier, is the security net that it provides for your family in case of your untimely demise. But life insurance has other benefits too.
Asset protection and appreciation: While the core benefit of protecting your family remains for a life insurance policy, a life insurance policy comes with the underlying benefit of both aapreciation and protection of your assets.
Access to cash: Life insurance as it exists today is tailormade to the needs of the policyholders. Thus when a policyholder pays regular premiums for a substantial period of time, his insurance policies can serve as his nest for cash when he needs it to fulfill his financial ambitions at certain milestones in life.
Planning for retirement and Estate planning: With the cost of living increasing by the day and more and more people working in the private sector, retirement planning is an absolute necessity from the earliest possible age. There are a plethora of pension oriented plans that can ensure that a policyholder continues to live a stress free and dignified life, even when his professional income begins to ebb.