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Why You Should Choose Term Life Insurance.

why term life insurance

The burden of looking after a family can often seem enormous. Not only must you consider their general wellbeing, but also their financial wellbeing. How can you ensure that you will always be able to provide for them, including their financial futures? At IAE, we believe that one of the best ways to do this is through what’s called ‘term life insurance’.

What is Term Insurance?

Term life insurance is quite simple. It is a policy that provides coverage at a fixed rate of pay for a certain period of time, more specifically the duration of the term.

Protecting Your Family Against All Possibilities.

No one can predict the future. Sometimes, no matter how prepared you are or how well you plan for the future, you still can’t guard against all possibilities. The recent Coronavirus Pandemic is a prime example of this. The effects of something unforeseeable, like Coronavirus, can be devastating, impacting your finances and leading to loss of work. In the UAE where the cost of living is high, these consequences might hit harder than elsewhere in the world.

But, instead of living in fear of the unforeseeable, having a great insurance plan can provide all the peace of mind you need. Having a great term life insurance policy will provide your family with a lump-sum in the event of your death. This lump-sum enables them to continue their lifestyle without disruption. With this, even in your absence, you can be assured that you will still be providing for your family. So, with term life insurance, you can protect your family’s financial future, even against events that are impossible to predict – like the Coronavirus.

Disability Benefits in Your Term Insurance.

The best term insurance policies will also offer the option of adding a disability benefit. This protects against the possibility that you are afflicted by a long-term illness or an accident which renders you unable to work. Any event like this is sure to affect your earning potential and interrupt your current income – the income that affords you the quality of life that your family currently enjoys. Term insurance can not only pay for your family’s expenses in the event of you death but also allow them a continuity of lifestyle if you should be affected by an accident or illness.

Flexibility.

Term life insurance is one of the most flexible types of policy you can buy. It is easy to add more in the event that your circumstances change. For example, if you are having another child or your standard of living becomes more expensive. This enables your quick adaptation to quickly changing circumstances. And, in turn, this means that your family will always be protected. Modifying your term coverage whenever it’s needed can also pay financial dividends as term coverage is relatively inexpensive when compared to other types of coverage.

Contact Us.

If you’re concerned about whether you have enough cover or want to discuss what policy is right for you, contact IAE Insure today at info@iaeinsure.ae or call +971 4 396 1878 for a FREE no obligation quote. Visit us at www.iaeinsure.ae.

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