This is an insurance that doesn't necessarily benefits the direct
holder but goes a long way to help others. Taking into account the advantages
of having a good income and great saving abilities, you would still need a good
life insurance as backup. This will help give your family and friends the kind
of life they had while you were still alive.
When situations change, your life insurance policy can also be
affected. To better understand this, let's use a change of job. If you change
jobs, your insurance policy would need to be reviewed. If your previous
employer offered permanent life insurance and the new one offers a limited
temporary life insurance, you are no longer as covered as you once thought you
were. This gap in life insurance has cost so many people later on. Always
review your policy to make sure it still supports the coverage as it once did. GNG
insurance experts always advise that clients make it a duty to visit the
company when there is a change in life patterns.
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