Protect Your Life with Life Insurance

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ROBERT EDGAR AGENT

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PROTECT YOUR LIFE WITH LIFE INSURANCE

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Life Insurance is a contract between the insurer and the insurance holder where the insurer promises to pay a certain pre-decided amount of money when the insurance demises or the period of the policy gets over. The amount of insurance is available against a regular payment of premium as per the plan. There are mainly two types of life insurance policy- Life term Insurance and Whole Life Insurance. Term Insurance pays the amount when the insurance holder demises. Whole Life Insurance pays the amount after a certain age of the insurance holder- either when he is 65 or 100. There is also Universal Life Insurance which includes guaranteed, indexed and variable universal life and survivorship life. BENEFITS OF LIFE INSURANCE:- PROTECTION: - The most important benefit you get from Life insurance is undoubtedly complete protection. If the breadwinner of a family dies suddenly in an accident then the family suffers from an extreme financial crisis. To protect your family even after your death and to protect from this unfortunate situation, nothing can help as a life insurance. The huge advantage of a life insurance is that it pays a death benefit to your family as life insurance beneficiary which can be used by the family in the way they want. DECREASES WORRIES: - In case of a term policy, for the length of the level mentioned or in case whole life insurance for the rest of your life you can live peacefully with a life insurance. For this, you really don't need to worry about your family's expenses if you die prematurely anyhow. You can select 10, 20 or any number for term life insurance.

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Tax Benefits: - Life Insurance death benefit is not taxable. Moreover, the tax on the accumulation of the cash value is deferred. The taxes on the cash value growth may get deferred forever if you have policy loans. All the policy loans have been made tax-free. Also, the tax on cash value withdrawals has been abolished, only if the payment of the premium for the insurance does not exceed your basis. Flexibility: - A great advantage of life insurance is that the insurance companies provide you with the flexibility of lowering or increasing the premium amount according to a certain condition. This flexibility depends on the company chosen, the kind of policy, beneficiary and many more factors. Cheap Prices:- The rates of premium which you have to pay regularly for the life insurance is very cheap and makes it affordable for every class of people. For life Insurance, the most trusted company is the Robertedgaragents in the USA. They provide with very easy terms and rates.

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THANK YOU

Summary: Life Insurance is a contract between the insurer and the insurance holder where the insurer promises to pay a certain pre-decided amount of money when the insurance demises or the period of the policy gets over. The amount of insurance is available against a regular payment of premium as per the plan.

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