Life & Disability
life insurance policy is taken out to provide a sum of money when the policy holder dies. Life insurance policies are designed to achieve several aims - providing for one's final expenses, serving as a financial cushion for one's family members to avoid financial hardship, mortgage & debt protection, serving as potential investment vehicles and helping with one's estate tax planning.
A disability insurance policy protects against one of the greatest threats to your household income: the inability to earn an income due to an injury or disability. The purpose of disability insurance is to provide income to pay the expense of life even though you can't work due to a disability.