Who Should Have Life Insurance and Why?
Anyone with a desire or need for quick, tax-free money should have life insurance. Creates a site or protects a heritage. Does it mean that when a person buys life insurance he has automatic access, to instant cash without tax?
It is possible but not possible.
If someone buys real-life insurance, which means that the first premium has been paid and the policy has been cancelled or is subject to a temporary contract offered by many companies, then he dies suddenly on the same day and there is no fraud involved or suspected.
Beneficiaries are entitled to immediate tax advantage over death. A certified death certificate is required to initiate a death benefits claim.
Different
If the policy is an accidental death policy and the insured dies as a result of anything other than an accident, for example, a sudden heart attack or brain aneurysm death benefit will not be paid. However, if the death occurs as a result of an accident, the death benefit will be paid.
Usually
It is not uncommon for a person to die immediately after the purchase of life insurance, although sadly, there are people who believe that buying a policy will cause a death knock. Everyone has the right to an actual tonic by the competent national tribunals for acts violating the fundamental rights settled him by the constitution or by law.
If someone buys a life insurance policy, unless they buy one premium whole life policy (SPWL), it will probably take some time before a fair amount can be reached. It is not magic. Depending on how much the policy is included and the type of policy. Any amount of money available can be accessed at any time, even in life.
Benefits
It should be clear why many people need to have life insurance in order to gain death. The fact is, many people believe that they do not need us or do not want us.
Either they do not see the need or are willing to admit it. Worse yet, there are those who see the need, accept it, but do nothing about it. It is one of those things that they plan to achieve one day but never another.
Then there is sudden death and a great financial burden. Either that or death is near but they cannot find it because they are not worthy. It is impossible to take a collection to cover the cost.
When a person dies, there are many things that need to be taken care of.
Generally, little or no care. At that point, who’s going to say, “I don’t really need this death benefit test”? What if a person has a lot of money?
Perhaps the need is not so great in that case, but unless that person carefully plans the area, he will have to pay the rent he has to pay. Life insurance can be used to pay property taxes and/or to prevent the property from foreclosing on a property.
