The importance of having life insurance could not be stressed upon more than in the current atmosphere. Most individuals avoid planning for the future, and the future of their loved ones in the event of any unfortunate event. The main reasons for this stem from a lack of awareness about plans and schemes, and from an attitude that ?nothing will happen? in terms of unforeseen events. However, unpredictability is a fact of life, and with the rising costs of living holding sway, unless you have a plan for your loved ones, they may be unable to cope in the event of your sudden demise.
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