Dialogue on life insurance

  • Do you need life insurance?
  • How much life insurance do you need?
  • What are the different types of life insurance that you can purchase?
  • Which type of life insurance suits your needs?

The role of life insurance in your life:

Life insurance is an essential component of a financial security plan that you prepare for you and your family.

  • Upon your death, it may be used for:
    • Paying final fees and any other debts
    • Ensuring the necessary resources to your family so it may sustain a comfortable standard of living
    • Leaving a legacy to a charity with a good cause close to your heart
    • Settling tax liabilities that increase
    • Submitting your estate to your beneficiaries
  • During your lifetime, it may be used for:
    • Increasing a cash value financially advantageous
    • Supplementing a retirement income
    • Providing for chronic and home care

If you own a business, alone or with associates, life insurance can help you protect what you have built.

  • Protection against debts
  • Liquid assets
  • Business succession and Buy/Sell agreements

Obviously, the best time to buy life insurance at a lower cost is when you think you do not need it, that is, when you are young and in good health.

However, life insurance can be a safe value at any time during your life, because it provides you with an essential protection. Also you may customize it according to your changing needs and budget.

Life insurance meets different needs throughout the various stages of your life. It is possible - and recommended - to adjust your protection to significant live events.

How much life insurance do you need?

How much life insurance do you need?

The amount of life insurance that you need changes over time, as illustrated in this table. Consilium Insurance and Consulting Group will help you determine the amount.

The key to establishing your needs in life insurance is to determine the amount of protection you need today, without losing sight of the needs that may become important for you in the future.

What types of life insurance can you subscribe to?

What types of life insurance can you subscribe to?

There are two types of life insurance: permanent and term. Each offers different features and meets many needs, as shown in the diagram.

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