Life insurance is mandatory for every individual especially the for
the bread earner of the family, as any mishap with him or she can cause a great deal of financial as well as other problems to the family.
In my opinion term insurance is a necessity for individuals who are the single
bread earner of the family.
However, as they say life is uncertain, an untimely death of
the bread earner of any family can lead to a financial problem.
Financial crunch can be one of the biggest worries which people may face after
the bread earner of the family is no more.
Provide Financial Security: Beneficial for those, who are
the bread earner of the family, looking for a solution to provide a financial security in case of eventuality.
Term insurance is important for everyone and especially more for
the bread earner of the family.
Term Insurance plans become a necessity only if you are the sole
bread earner of your family with number of dependents and you do not have sufficient assets to suffice if your income ends.
If you are the only
bread earner of your family with a number of dependents then term insurance plan could be the best plan which you can opt for as you get high cover for protection of your beloved ones at very reasonable cost.
Not exact matches
My wife and I are in almost the identical situation - 2 kids, she works part time in the biological sciences while spending plenty
of time with the kids, I'm a programmer outearning her significantly - and I can tell you that I'd more than happily switch roles if she were the
bread earner, and would feel just as satisfied if not more doing so.
This is
of use to simply cater to the survival
of a family in the unfortunate event
of the death
of the
bread earner.
The fundamental premise
of the session was a fairly straightforward one; without very careful thought around pricing strategy, firms that rush headlong into the new technology run the risk
of a double whammy — the cost associated with investing in the technology and some fee
earners finding that their
bread - and - butter work (rudimentary document review and the like) can be done in a small fraction
of the time that they would normally devote to cranking out billable hours.
Accident and disability
of a
bread earner can create serious monetary problems for the family.
Term insurance replaces the income lost due to the sudden demise
of the
bread -
earner by offering financial aid to his family.
Since Viren is the only
bread earner in the family, he is worried about the amount
of financial burden they may have to go through in the event
of his death.
Low priced & price - effective, those plans regularly provide massive insurance, making sure that the family's economic desires are sorted, in the absence
of the
bread -
earner of the family.
Are you the only
bread -
earner of the family?
A death
of a primary
bread earner leaves the family in an emotional distress and financial unstable.
Affordable & cost - effective, these plans often provide massive coverage, ensuring that the family's financial needs are taken care
of, in the absence
of the
bread -
earner of the family.
The Term Insurance plan ensures that your family is financially independent and secure in case
of your untimely and unfortunate demise specially when you are the
bread earner.
Disability
of the main
bread -
earner can have the most crippling effect on a family.
Life insurance is essential to take care
of these financial responsibilities in the absence
of the family
bread earner.
With this offering we are trying to give these families a relief by securing the life
of their
bread earner and help them save to achieve their goals in the near future.»
These plans provide risk cover for loss
of income, financial liabilities (home loan and other loans), financial responsibilities (children's education, marriage etc.) against untimely death
of the family
bread earner.
Life insurance is essential to financially support the family in case
of an untimely demise
of the
bread earner.
It acts as an income replacement tool in the absence
of the
bread earner.
In case
of death
of the main
bread -
earner, family suffers a loss
of income and at times is left with large liabilities such as home loan and children education.
The objective
of term insurance is to ensure that dependents can continue to maintain their current standard
of living in case
of the
bread earner's untimely death.