Page 37 - Insurance Times February 2021

LIFE INSURANCE

A PLEASANT

GIFT TO

MANKIND

T here is nothing more reassuring than knowing own. But while discussing death can be difficult, planning

your loved ones will be taken care of after you
and purchasing life insurance is one of the most loving ways
are gone. Often people are uncomfortable
you can provide for your family, friends and others you care
acknowledging Life Insurance. It provides peace
of mind, which is priceless. That is why it is a Pleasant Gift about.
to Mankind. If you have significant financial obligations, a spouse or
dependents, you should seriously consider life insurance.
Often people are uncomfortable acknowledging that they Without adequate life insurance coverage for yourself, your
need life insurance simply because they are uneasy thinking loved ones could be left swimming in a sea of debt after
about the concept of death - especially in relation to their you are gone. The next time you sit down to pay bills with
your partner, consider: Who would pay for your portion of
the mortgage in the event of your death? What about your
About the author child's activities, clothes, health care and possible college
Vijay H Kakhandki tuition? Life insurance provides a means to cover these
He has worked with leading Insurance expenses, in addition to medical bills, funeral costs, taxes
Companies including PNB Metlife, and more. This type of coverage also allows you to leave a
Reliance, Bajaj Allianz Life, Max-Life, in legacy in the form of an inheritance to your children or
multiple capacities. other beneficiary, such as a charitable organization, after
Currently, he is associated with MABFSI your death.
since June'16 as Faculty with Life
Insurance vertical. There are two basic types of life insurance - temporary and
The Insurance Times, February 2021