{"id":1575,"date":"2020-06-02T10:00:00","date_gmt":"2020-06-02T10:00:00","guid":{"rendered":"http:\/\/itcblog.zywaveinternal.wpengine.com\/itc-syndicate\/\/\/\/how-life-insurance-protects-your-loved-ones\/"},"modified":"2020-06-02T10:00:00","modified_gmt":"2020-06-02T10:00:00","slug":"how-life-insurance-protects-your-loved-ones","status":"publish","type":"post","link":"https:\/\/www.ayalainsurance.com\/es\/blog\/how-life-insurance-protects-your-loved-ones\/","title":{"rendered":"How Life Insurance Protects Your Loved Ones"},"content":{"rendered":"

How Life Insurance Protects Your Loved Ones <\/span><\/p>\n

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You can use your life insurance policy to leave behind a legacy or ensure that your loved ones have financial resources after you pass away. Let’s take a closer look at the ways that life insurance can protect your beneficiaries. <\/span><\/span> <\/span><\/p>\n<\/div>\n

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Term Versus Whole Life Insurance <\/span><\/span> <\/span><\/p>\n<\/div>\n

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Term life insurance covers you for a certain length of time. When the policy ends, you no longer have life insurance coverage. You would have to get a new policy to maintain the protection. With whole life coverage, on the other hand, the policy lasts indefinitely. It also often doubles as an investment plan. <\/span><\/span> <\/span><\/p>\n<\/div>\n

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If you need insurance for a shorter period, say for 10 years for your youngest child to finish college, term life coverage generally provides the most cost-effective option. If you need insurance for 20 years or more, whole life might be more cost-effective. <\/span><\/span> <\/span><\/p>\n<\/div>\n

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How Life Insurance Safeguards Your Beneficiaries <\/span><\/span> <\/span><\/p>\n<\/div>\n

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Beneficiaries are people you name on your life insurance policy who receive the life insurance payout upon your death. The payout can essentially set your family up to maintain their standard of living in case you die without warning. <\/span><\/span> <\/span><\/p>\n<\/div>\n

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Here are just some of the ways your beneficiaries can use your life insurance to support themselves: <\/span><\/span> <\/span><\/p>\n<\/div>\n

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