Life is very uncertain, and one never knows what tomorrow will bring. In such a scenario, life insurance plays a very important. It is not something that you just need or add to your investment portfolio, you truly need it to safeguard and protect your family, dependents, business or legacy. Though a loss of life can never be replaced by any means but planning a life insurance is sure to make things easier for those who you leave behind. It can also cover any debts or other financial responsibilities.
It can also be used to supplement your retirement as there are plans that offer a guaranteed stream of income every month.