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    28Dec, 2021
    Credit Cards for Travel Insurance
    travel insurance credit card

    If you’re planning to travel with a credit card, you can actually add that card to your Travel Insurance policy, which is cheaper than most travel insurance plans. It’s also a convenient way to cover any incident that happens during the course of your trip.

    This guide will tell you about the ins and outs, so contact your insurer and get started today! When traveling internationally, it’s important to have travel insurance in case something goes wrong with your trip. While some go on vacation without thinking about their coverage at all, others are tempted by bank-friendly policies from companies like CitiBank or Chase Bank .

    Best Credit Cards for Travel Insurance 2022

    1) Visa Infinite:

    Regularly priced at $0.01 and $0.03 per minute of use, the Global Entry card is a great way to make long international trips less stressful, as well as save hundreds on airport security fees . Another perk is the ability to redeem points for travel expenses through Chase Ultimate Rewards, which offers more flexibility than most credit cards when it comes to traveling internationally.

    2) Visa Signature:

    If you’re looking for one of an all-inclusive credit cards that has some of the best travel insurance coverage in the industry, Visa Signature might be your best bet. In addition to the travel insurance benefits, you’ll receive up to $600 worth of cell phone protection if your phone is damaged or stolen.

    3) Chase Sapphire:

    This all-around excellent credit card is a great way to get the most out of your upcoming trip and reduce your expenses, making this a winner when it comes to credit cards for travel insurance . In addition to getting access to airport lounges , you’ll also earn more points with this card than most other rewards credit cards.

    Meanwhile, you can redeem points for travel expenses through Chase Ultimate Rewards. It offers more flexibility than most credit cards when it comes to traveling internationally. The Travelers Cheque feature is also an interesting perk.

    4) Citi Prestige:

    If you’re looking for a great credit card that also comes with travel insurance, check out Citi Prestige. With this credit card, you’d also receive up to $1,000 worth of cell phone protection if your phone is damaged or stolen. A free concierge service and complimentary travel accident insurance are also included in the benefits.

    5) Citi Prestige Reserve:

    Like the regular Citi Prestige, those with an active account will get up to $1,000 worth of cell phone protection if your phone is damaged or stolen – this extra benefit is offered by almost all bank’s large-scale credit cards. Other perks include free airport lounge access, complimentary travel insurance, an annual fee of $350, and more.

    6) Platinum Card from American Express:

    While you won’t get cell phone protection with the Amex Platinum card, you will get up to $100 per ticket in travel insurance if your flight is delayed more than 12 hours. In addition, you’ll also receive a host of other travel assistance benefits in the event of any unexpected travel situations. Meanwhile, the card’s annual fee is waived for the first year.

    7) Uber Visa:

    If you plan on using Uber for your upcoming trip , then consider getting this credit card instead of using cash or a debit card to pay for your rides. Why? You’ll earn 3 points for every dollar spent on rides with Uber; it’s one point for every dollar spent outside of restaurants and bars, and 1 point per dollar on everything else.

    8) Amazon Prime Rewards Visa Signature:

    If you’re a frequent Amazon shopper , then it’s a good idea to get this credit card. Here’s why: You can use the points you earn for travel expenses through Chase Ultimate Rewards. If you don’t have one of those accounts yet, it’s worth setting up; then you can spend your points more freely.

    9) Capital One Venture Rewards Credit Card:

    The Venture card is perfect for anyone who loves to travel . You’ll get 2 miles for every dollar spent on anything; this means you’ll earn double points for flying with your airline of choice. Plus, you can use these miles to book a flight at any time, even if the seat isn’t available yet.

    10) Barclaycard Arrival Plus:

    Best used for anyone who spends a lot of money on travel and dining, the Barclay Arrival Plus is packed with travel rewards that are hard to beat. Plus, you’ll get 2 miles for every dollar spent on eligible travel and dining purchases.

    This means you’ll qualify for elite status much earlier than with many cards. You can also redeem points for travel expenses through Chase Ultimate Rewards. It offers more flexibility than most credit cards when it comes to traveling internationally.

    11) Gold Delta SkyMiles:

    If you spend a lot of money on Delta flights and other travel expenses, it’s worth getting this credit card. You’ll earn more rewards points than the typical airline rewards card, in addition to a host of other benefits and perks – including up to $200 per ticket worth of travel insurance in case something goes wrong with your trip.

    FAQs about travel insurance:

    1) What are the best CC for travel insurance?

    Visa signature is recommended.

    2) Why do the cards have expiration dates?

    To maintain their Reserve status.

    3) Is it possible to extend my policy?

    Yes, if you have a Travel Insured card.

    4) How many days do I get to use my insurance?

    The most expensive card is a Visa Signature and typically lasts for 45 days. Lowest is a Chase Sapphire, with a 30-day maximum plan duration.

    5) What are the most popular travel insurances for Americans?

    Insurance of all kind for Americans: General liability and property damage.

    6) How do I know if my trip insurance is still valid?

    Check the expiration date.

    7) Who provides travel insurance cards?

    Visa, MasterCard, American Express and Discover.

    8) How to file a claim?

    First, contact your card’s customer service department. Then you can either take your purchases to a repair shop or try to make them yourself. You’ll have 45 days to send in documents that prove the loss or damage – it’s required by law.

    27Dec, 2021
    Here’s about ‘estimate for car insurance’

    When a car accident occurs, insurance companies use estimate to determine how much compensation the person should receive. These are estimates based on personal information like where you live and your driving history.

    Insurance companies may also generate an estimate after reviewing any submitted claims or accidents. They do it to find out what the average cost of a claim might be. However, these estimates aren’t always accurate, so it’s important for you to know about them and how they work.

    In short, here’s what your estimate means:

    Car insurance estimate
    • Your estimate is just that; an estimation of how much damage you could cause if you were in a car accident without any new information about anything that happened before or after the accident (apart from your own driving history).
    • In the estimate, your insurance company uses:

    (1) Your location and driving history to calculate the accident probability; and then predict how much you will pay for damages.
    (2) Estimates of how much damage you could do to others by looking at injury statistics and crash data.

    Estimate Calculation

    There are many calculations that they do based on your personal information used by insurance companies to calculate estimates.

    Some of these calculations include:  probability of an accident occurring, amount of damage caused by a crash, severity of injuries (degree), number of people injured (severity), age, gender, occupation and risk factors that contribute to accidents.

    It is very important to find out, which factors that affect your policy will increase or decrease the amount you will pay at the end of the year.

    Basis of Estimate Calculation

    It is important to know that insurance companies use information gathered from both sides. You have requirement to give information regarding your driving behavior and anything that they can find from other people.

    Therefore, their estimate can be more accurate. It is important for you to understand what information you should give and the effect it has on your claim.

    Even though your insurance company does not notify you in writing about an estimate, it is still an obligation for you to know about them as they influence how much you pay each month after a car accident occurs.

    When your insurance company generates an estimate, they take into consideration the severity of your injuries and the likelihood of causing them. The lower the amount you have to pay, the more chance they have of paying more on your policy.

    Based on this information, a policy holder will know what will be paid by them after an accident occurs.

    In most states, insurance companies are not legally obligated to pay a policy holder 100% of their estimated claim.

    But it is still encouraged that they do so as it would help avoid disputes regarding how much damage was caused and how much should be paid since there is nothing in writing from the insurance company.

    In other cases, the insurance company requires to pay a policy holder 100% of their estimated claim after paying out a loss adjustor. This can also help avoid disputes regarding how much damage was caused and how much should be paid. It’s because there is nothing in writing from the insurance company.

    Determining Factors of your Amount

    The type of estimate that your insurance company uses depends on the type of car you drive and the likelihood of causing an accident.

    Many factors like the age of your car, past accidents and driving behavior help determine whether you will be given an increased or decreased amount when your insurance company gives you this estimate.

    After you report your claim to the insurance company, it is up to them to confirm all of the information you have given. And that any damage has happened before or after an accident occurred.

    In some cases, you may already have requirements by law to give your insurance company more information when they issue an estimate.

    A car’s age is also an important factor. It is because older cars are less likely to be involved in accidents and cause more minor damages than newer models.

    If a person owns an older car and they were involved in an accident, their insurance company may give them a lower estimate than someone who owns a newer model.

    A driver that uses their car less will get a lower estimate from the insurance company than someone who drives their car more often.

    Drivers with past accidents on their driving history will get a higher estimate. It is because they are more likely to cause serious damage if they were to be in another accident.

    If you pay your insurance company every month, your insurance premiums will go up based on the amount that you paid out of pocket each year after an accident occurred. Your estimates usually increase when your premiums go up.

    Finally,

    It can be difficult to get a clear picture on exactly how much your insurance company will give you in a personal injury claim. The estimate you receive from your insurance company will have influence of different factors. Such factors include the type of car you drive, how often you drive and the location where you live.

    When an insurance company issues an estimate, they will include all of their assumptions; along with any other information that may affect it.

    What do you need to get a car insurance cost estimate?

    You need:

    • name, address and phone number
    • policy number
    • policy type (standard or combination) 
    • driver’s license number and date of birth
    • description of the car and any special features.

    Including this information, you can also list the specific details of what happened when you were involved in an accident.

    As discussed before, the model year of your car will also play a factor into how much your insurance company estimates it would cost to repair the damage that you caused in an accident.

    Why do you need to get a car insurance cost estimate?

    In an auto accident, most insurance companies require that a policy holder has to pay 50% of the final settlement amount. If a policy holder only pays $1,000 in medical bills and a lawsuit is not filed, the insurance company will only pay $500.

    Insurance companies require that there is a minimum amount to be paid even if they do not have to pay 50% of the claim. It is because they want to protect their money from going into the wrong hands.

    That’s why it’s important for policy holders to get car insurance cost estimate as well as how much their car will be paid by their insurance company after an accident happens.

    Other benefits of an estimate include showing insurance companies that you are serious about settling the claim based on the information you give them. When you have a car accident, it is very rare for one party to be totally responsible for the accident.

    When this happens, a third party may get involved in the lawsuit. And if they win, they will get part or all of the money from your car insurance cost estimate. You cannot do much to avoid this and sometimes it is difficult to tell which party will be considered at fault. So it is advisable that you have an estimate to go by.

    Concluding paragraphs

    Generally speaking, auto insurance is a necessary evil. However, you should purchase it to help insure the safety of yourself and others on the road. Some say car insurance is more of a necessary evil than a necessity. But the penalties tend to outweigh this because most people believe they pay too much for car insurance.

    In such, there are companies offering cheap auto insurance. Such auto insurance provide less coverage at cheaper prices with higher deductibles. The question then becomes whether you want to pay less money but have to deal with higher deductibles; or if you’re willing to pay more to have lower deductibles but still not get as good of coverage.

    FAQs about car insurance estimate:
    • What is the purpose of car insurance estimate?
      The purpose of this is to give you information on how much the insurance company will pay you out are involved in a car accident. If they find out that your estimate is too low, they can raise it up. Whereas, if they find out that your estimate was too high, they lower it down to a more reasonable amount.
    • How can I get a car insurance estimate?
      To get an estimate from an insurance company, you need to contact them and give them all of your information. They will ask for things like your age, gender and the type of your car.
    • What is the difference between car insurance estimate and a bill?
      The insurance quote given to you by an insurance company is called an estimate. It is also known as a “premium”. And it is usually calculated based on the coverage and limits that you have on your policy. They then provide this information to you at the time of your renewal. Insurance companies provide estimates to their clients. They do because they want to provide the best possible deal, whether you want that or not.
    • Why do I need different types of auto insurance?
      There are different types of auto coverage because people have different needs when it comes to their car insurance policy.
    16Dec, 2021
    Insurance on a Leased Car – all you need to know!

    When it comes to leasing a car, there are many questions that you’re likely asking yourself. If you lease your car and your insurance is under the vehicle’s value, how will that work? What happens if the car gets totaled or stolen? Do I have to pay for additional damage to my leased vehicle? And what do I need in order to get a loaner from my insurance company if I need one?

    Only after knowing answers to all of these questions, you can be confident while shopping for your next leased ride! Come on! Read our post about insurance on a leased car – all you need to know.

    Does value of car matter for leasing?

    Leased car insurance

    Leases are essentially like renting a car, but they include any liability that could be incurred in the event of an accident, theft, or vandalism. Because of this, most people lease their cars through third parties such as banks or credit unions.

    Since your lender is providing you with financing for the vehicle, they have to be aware of any risk that could occur if you wreck your new set of wheels. Therefore, they will require proof that insurance will cover any extra liability that may arise while you’re driving their property. To do this, they’ll require collateral coverage above what’s on a normal auto policy.

    Collateral coverage is an insurance policy that covers your leased car’s liability up to the value of the car itself. This works by taking what’s owed on the lease and adding it to the value of the car. If this number is higher than the standard insurance liability limits of $50,000/$100,000, then collateral coverage will kick in to cover whatever amount isn’t covered by your personal auto policy.

    What happens if my leased car is totaled?

    One big concern with leasing a vehicle is that you won’t be able to keep up with payments if something goes wrong. Fortunately, there’s not too much risk in that area as long as you act quickly after an accident can occur.

    If you have collateral coverage on your leased vehicle, it will cover the difference between what your auto insurance pays and the remaining cost of your lease. However, if you are unable to pay the remaining value of a lease, then your lender may take legal action against you to recover their losses.

    What happens if my leased car is stolen?

    If someone were to break into your garage and steal your new Dodge Challenger SRT Hellcat, then it’s likely that no insurance company would want to help you with getting a replacement. This leaves many people wondering what would happen if they had collateral coverage on their leased car.

    While most people might assume that the vehicle would be deemed totaled, there are actually a few cases where this may not be the case. This may very well depend on the type of lease you signed and how much information was requested from you at the time of signing your contract.

    Obviously, you want to make sure that the seller is honest and reliable before you sign any contract. It’s never a good idea to sign a contract with anyone who isn’t willing to show proof of insurance or collateral coverage on their vehicle.

    What happens if my leased car gets damaged?

    Collateral coverage will be on top of your auto insurance policy as long as your loaner is available for use. This means that your total loss for the car is covered by your personal insurance as long as you have it on you.

    This also means that you won’t need to take a loaner from your lender in order to get to work. You may still need to contact them immediately. If this happens, you’ll have to find out how long they’ll hold onto the vehicle, and whether they’ll expect additional payments on the lease.

    As we mentioned before, collateral coverage isn’t going to cover everything. It will just cover up until the point where your insurance coverage would otherwise cover your losses. This means that you may end up paying for some of the damages with your own pocket.

    What do I need to get a loaner from my insurer?

    Car insurance

    If you need to get a loaner from your insurance company while you’re renting a car, they’ll likely require that you call them sooner rather than later. This way, they know exactly what happened so they can verify the damage and coverage which is supposed to have been available through your lease contract. It’s also important to inquire about its value as soon as possible.

    Read: Things to consider before starting an insurance agency

    If your insurer is unable to provide you with a loaner, you may need to hire one of the companies below. However, if your lease contract is under a certain amount, the insurer may be willing to pay for the loaner.

    These are just some of the first steps that you'll want to take if you have collateral coverage on your leased car. It's important to consider what the exact terms of your lease will be if you're ever in an accident. However, most people should be able to get a loaner from their insurance company if they need one after an accident.

    If you’re interested in learning more about collateral coverage and leasing a car, please don’t hesitate to surf on the internet.

    20Nov, 2021
    How to get a car insurance quote?

    In the present world, insurance has already become one of the most essential part of living. Car insurance quote is something we all require to drive, so it’s important we have the right level of cover. There are few companies on the market that are better than others, and it’s worth shopping around for a policy that will provide you with adequate cover at an affordable price.

    In this article, we’ll provide you with some insight into how car insurance works and what options you might want to consider when looking at quotes. We’ll cover here everything from finding a policy, understanding what it covers, and how to get a car insurance quote on your budget.

    Below, we’ve explained the essentials of car insurance and how to find the right policy for your needs. And, if you’re not yet convinced, we’ve also listed some of the main pros and cons of car insurance below.

    Ok, let’s begin it!

    Car Insurance: What is it?

    Car insurance is something that every car owner should have. It provides protection just in case something goes wrong (e.g. you cause an accident). This usually means that your car isn’t drivable or roadworthy, or it’s been damaged in some way and you need to get it fixed or replaced.

    Typically, car insurance is broken down into 2 categories: Third-party and Comprehensive Insurance policies.

    Third-Party Insurance

    Typically, this is the standard form of car insurance and covers your legal liabilities.

    It doesn’t cover you in other ways, such as loss of use or the cost of car hire etc. So if you want to get some peace of mind that your own car is safe and covered, you’ll need to look into Comprehensive Insurance policies.

    Comprehensive Insurance Policies

    This type of insurance policy provides more than just covering your obligations in the event of an accident. It can include coverage for things such as: theft, vandalism etc. Essentially, it means that you’ve got a bit more protection if something happens to your vehicle.

    However, it won’t necessarily cover you if something happens to a third party’s vehicle.

    Tips on Getting a Car insurance quote

    When deciding on the right car insurance, or renewal of car insurance, it’s important to compare your options for cover.

    For example, if you’re looking at personal damage protection (PDP), you can get an estimate for the cost of different types of coverage from our friends. They’ll give you a quote and show you how much your premium will be based on your age and vehicle type.

    If you don’t have a car yet, consider buying one that’s cheaper to insure than it usually costs because this will lower your monthly premiums. The best way to do this is to shop around for a good quality second hand car instead of buying new when the suggested retail price is really high.

    When you’re looking for a new car, look at the depreciation schedule – this will tell you how much your insurance pays out if you trade it in or drive it off the lot. You can use this to work out how much your car is worth and figure out if there’s a difference between taking out a policy for the whole vehicle and just your own personal car.

    If you don’t want to take on a policy for the whole vehicle, then consider buying it with PDP PDP pays out if an accident happens on your behalf as long as it’s covered by your insurance. If your car is damaged in an accident caused by someone else, the PDP policy will pay you the value of your vehicle.

    Car Insurance: Things to know before you get a policy

    Car insurance isn’t cheap. It’s not something that you want to fork out for on a whim.

    The cost of car insurance is rising again, and experts predict they could return to pre-pandemic levels this year. The cost of car insurance fell dramatically in 2021, but with more vehicles on the road and more claims, consumers are now being quoted higher rates.

    Related Post:

    https://insurancesir.com/solutions-for-insurance-types-premium-and-many-more/

    But if something happens to your vehicle and you don’t have insurance, it can be incredibly stressful to deal with the aftermath. For example, if somebody crashes into your car and totals it, the person who hit you will have to pay for the expenses associated with getting a new car and will also need to pay any repair expenses that they caused while they were driving your car.

    If you have to foot the bill, this could be you facing a big pile of debt to get your car fixed. Remember that car insurance is mandatory in some nations like New Zealand and can only be purchased from a registered car insurer. It’s something that needs to be taken very seriously.

    Why do I Need Car Insurance?

    In this section, we’ve highlighted just some of the reasons why everyone should get car insurance:

    It protects you from your own mistakes. In Australia, if you’re caught driving without insurance (including if your insurer stops paying), you can be jailed for up to 3 years! That’s not a fun place to be.

    car insurance

    In Australia, if you’re caught driving without insurance (including if your insurer stops paying), you can be jailed for up to 3 years! That’s not a fun place to be. It covers your car in the event of a crash. So you don’t need to worry about the cost of damages or buying and hiring a replacement vehicle.

    So you don’t need to worry about the cost of damages or buying and hiring a replacement vehicle. It helps pay for your repair costs . Thus, you should insure you car, even if it is not mandatory in your region.

    Final lines,

    Car insurance is something that every car owner should take out.

    Consider getting a quote from confused.com or any other service provider today! They've got an easy to use service and some awesome quotes that are sure to help you decide the best course of action when it comes to protecting your vehicle investment in UK.
    FAQs about car insurance quotes:

    1) What are car insurance quotes?

    • Car insurance quotes are a way of helping you compare and choose the correct car insurance policy for your needs. They’re also a good way to compare premiums (how much you will pay each month) between different companies.

    2) If I have a car, do I have to have insurance?

    • Yes, as you are required by law to get insurance for your car in all Australian States.

    3) Will I get a discount if I have been driving for a while?

    • Yes, many companies offer a variety of discounts including loyalty, claims free and further discounts for getting your P’s.

    4) Should my car insurance cover third party or comprehensive?

    • Third party insurance only covers you against any legal liability in the event that you’re involved in an accident. However, comprehensive insurance provides much more flexibility as it includes things like theft and vandalism protection.

    5) How much does car insurance cost?

    • The price depends on what level of cover you want, your age and where you live. In New Zealand it is compulsory so the cost is relatively high in comparison to Australia.

    6) What is Liability insurance?

    • This covers you in the event that you are at fault for an accident, for example if there is another car on the road, or another person’s property is damaged.

    7) What does third party cover include?

    • Third party cover includes all those damages which happen to you – from people accidentally damaging your car to theft or vandalism. However, it does not include loss of income if someone else crashes into your vehicle.

    8) What does Comprehensive cover include?

    • Comprehensive cover includes all the above along with other things such as fire damage, natural disaster damage and more! It ensures that in any eventuality, you can claim on your insurance policy.
    31Oct, 2021
    Is life insurance worth it? This will clear your doubts

    Still in 2021, some people believe that life insurance is a waste of money. These people will typically cite the number of insurance companies that have gone out of business recently, as well as the amount of times that customers have been denied. They also say that there is no proof that life insurance actually saves lives unlike other insurance policies such as car and home. Also, there are some that believe that life insurance is bad because they think it’s a waste of money.

    By the end of Oct 2021, most people have access to insurance through their employer, and this includes a lot of benefits that employees wouldn’t think about. As of 2020, the U.S. insurance industry wrote net premiums totaling $1.28 trillion. Only 51 percent of premiums came from property/casualty (P/C) insurers, while 49 percent came from life/annuity insurers, according to S&P Global Market Intelligence. By the same year, U.S. Department of Labor statistics indicates that 2.9 million Americans were employed by the insurance industry.

    As in the US, the scope of insurance has been growing as a part of peoples’ lives worldwide. But, as in any other sector of society, life insurance sector has also its pros and cons.

    Why are some people mocking Life Insurance?

    Life insurance is very expensive, and many people who have applied for it have been denied. Since there are so many insurance companies that have gone out of business recently, it makes it hard for some people to believe that life insurance is still worth it.

    It is not true, though, that life insurance companies have been going out of business. Typically, these companies are just being bought by another company or having trouble with bank loans. If you look closer, these loans usually have minimal problems.

    No one can guarantee your safety in the event of an accident in an automobile or in a home. Neither can you guarantee your safety in the event of medical problems in your home or in your car.

    Related Article:

    Is it Right to Consider Insurance as an Investment?

    This is why life insurance was created. It is a way of giving your family some security should something happen to you while you are alive.

    On average, someone dies every 20 seconds. That’s one person every five seconds, or 1.2 million people per year. It’s an alarming number, but it’s also a very real possibility that you or someone you know will be one of them.

    Insurance benefits

    Insurance benefits are set out to provide cover for your needs during specific reasons. For example, if you have an accident whilst on holiday, insurance will cover the costs related to your stay in hospital and any physical damages caused by the event itself. Other benefits might address additional issues that may arise (e.g., car accidents, medical bills).

    Advantages of insurance

    If you lose your car while abroad, your insurance company will cover the cost of your flight home. It’s worth noting that many local laws do not allow same-day travel for flights back to “home”.

    Any benefits provided by insurance are fully or partially paid out according to specifically defined rules and regulations. The key to understanding insurance benefits is that they are given at no extra cost, but still require you to meet certain criteria in order to receive them.

    For example, if you lose your house while overseas, only the expenses incurred due to the damage caused by the event (e.g., repairs and insurance fees) will be covered by your insurer.

    In addition to the above benefits, some insurance policies offer what is known as “concierge services“. This refers to a network of services that you can contact when in need of assistance in a foreign country. These services may include hotel reservations, restaurant recommendations, and guidebook suggestions. This type of service is usually independent from local laws, and might not be available in all nations.

    It’s worth noting that these benefits are sometimes only partially paid out due to the nature of the event or incident that occurred. For example, if you break your leg while rock climbing overseas, it’s likely that your travel insurance will only partially cover the cost of your hospital visit.

    Circumstances if you are not Insured

    Insurance policy

    So what would happen if the person who died who didn’t have life insurance? If they have dependents who need financial support, the insurance will cover the cost of medical bills that are currently being paid by their income.

    Recommended:

    Why on the earth do you think that Life insurance is a waste of time? Lets have a look at the following situations:

    1. Your parents have life insurance and you are a beneficiary. However, they have a lot of debt and you don’t know how you will manage to pay off all that debt from your own pocket.
    2. You have an unpaid mortgage that is worth $100,000. If you die suddenly, your family will be left with all the debts; and they will lose their house in the process.
    3. You have a son who has just started his own business and is suffering more losses as time goes on. In order to help him, you have taken some loans from local merchants on the condition that if something happens to you, then your son will have to pay them back. You want your son to live his own life and not have a stressful experience of paying off a debt that is not even his.
    Concluding lines

    When your family doesn’t have life insurance, they will face tremendous stress. It’s because their income will cease suddenly if you die. Families with children will also be burdened with paying off your debt before they can even think about starting over. We recommend you to get insured as soon as possible. 

    Insurance can help you with all of these situations and more. There is no reason not to get insured. Please note that all of the above are hypothetical situations. This article is intended to simply make you think about the effect of death on your closest ones.

    The decision is yours!