WemonAde.com When Life Gives You…

Buying life insurance is not similar to any other purchase you will make. When you shell out your premiums, you’re buying the future financial security for your
family that only life insurance can provide. Amongst its numerous uses, life insurance helps make sure that,when you pass away, your
dependents will have the financial means needed to protect their residence and the income required to administer a household.
Choosing a life insurance product is an important choice, although it often can be complex. As with any key purchase, it
is important that you appreciate your needs and the alternatives offered to you.

Life insurance also can be used to help with other financial objectives, such as funding retirement or education expenses. However,it is important to
keep in mind that the major function of life insurance is financial security. If your primary objectives are something other than security, you
ought to consider what other financial products are obtainable to meet those goals.

The best way to make an informed decision about buying life insurance is to become familiar with the basics and consider why you need life insurance. Life insurance is an essential
part of financial planning. One reason most people buy life insurance is to restore earnings that would be lost with the death of a wage earner. The cash provided
by life insurance also can help ensure that your dependents are
Not weighed down with significant debt when you pass away. Life insurance proceeds could mean your dependents won’t have to sell assets to pay outstanding bills or taxes. An
important feature of life insurance is that no income tax is payable on proceeds paid to beneficiaries.

Before buying life insurance, you should assemble personal financial information and appraise your family’s requirements. There are a number of factors
to think about when determining how much protection you should have.These include: any immediate needs at the time of bereavement, such as final illness
bills, burial costs and estate taxes;l resources for a readjustment period, to finance a move or to give time for family members to find a job; and ongoing
financial needs, such as month to month bills and expenses, day-care costs, college tuition or retirement. Though there is no substitute for a careful
appraisal of the amount of protection needed to meet your needs,one rule of thumb is to buy life insurance that is equal to five to seven times your annual gross income.

Where else can you get information about insurance? Your personal insurance agent and corporation are good options of general information about insurance.Contact the
National Insurance Consumer Help line (NICH) at 1-800-942-4242. NICH is a toll-free consumer information telephone service sponsored via insurance industry trade associations. Look in your
local library for magazines or books on insurance or personal finance.The consumer affairs division of your state insurance department can provide useful information. Some departments
have toll-free numbers to respond to consumer questions.

Protect your family with adequate life insurance, if you are in the U.S.A. Get this free report:

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