varies by the company and your age, health, gender, type of coverage, length of coverage, amount of coverage and other factors.Life insurance covers death from illness, accidents and simply old age. This includes deaths from diseases, falls, car accidents and Covid. Deaths from accidental drug overdoses are covered.pays out only deaths that are accidental, such as an accidental fall or car crash. It does not cover deaths by illness, disease or old age.
There are cases where a payout could be jeopardized for reasons unrelated to the cause of death. For example, if the policyholder quit paying for the life insurance and the policy lapsed, there is no payout. However, if the policyholder only recently quit paying because of an illness—such as a hospitalization that prevented payments—beneficiaries might be able to reinstate the policy by paying the premiums due.
Many people buy life insurance so it can act as income replacement for their families if they die unexpectedly. Some people provide financial support after their death by funding a trust with life insurance. For example, if you have a child with special needs, a trust can be used to provide for them.To provide money for their families to pay off a mortgage or other debts.To create supplemental income during retirement years with a cash value policy.Life insurance to cover monthly expenses and debts
Advisor I'd rather get advise from a different source. fakenews Bankcollapse BankRuns BankingCrisis
Advisor They will call u once a week when u reach certain age 😂
Advisor
Advisor Done. With the rising taxes in Canada on cottages, we have insurance in place to offset the capital gains on our estate. Do the cottage can remain in the family for generations
That's great advice! Protecting your family and planning for the future is so important.
Advisor It's the biggest scam in history
Advisor The issue here is life insurance providers in my country are scammers