Insurance addresses the gap between the money you have and the money you need in case of unfortunate events like illnesses, accidents or calamities. (READ: Four important steps to help you prepare for disasters)
It’s a wise investment that will help protect your wealth and health while you are alive.
But how about your family? Who will protect them if something were to happen to you? This is where life insurance comes in.
A life insurance policy will ensure your family is well taken cared of. Some life insurance policies offer not only death benefit, but also investment features.
Before availing of one, familiarize yourself with common insurance terms through this infographic. – Rappler.com