Needs for Life Insurance
Life insurance availability tends to look upon the perspective of meeting various needs. These we may think of as:
- Personal needs:
- Dependants’ living expenses;
- Final (end of life) expenses;
- Educational funds;
- Retirement income;
- Mortgage repayment fund;
- Emergencies fund;
- Disability income.
- Business needs:
- Key persons;
- Business owners;
- Partnerships;
- Employee benefits.