Life Insurance
Insurance planning is a critical component of a comprehensive financial plan. At RL Finance, we advise our clients on how to grow and protect their wealth. Proper risk management and insurance planning are necessary to financial success. We utilize the following insurance strategies:
Understanding How Life Insurance Works
It isn’t hard to understand how life insurance works, with insurers aiming to simplify the entire process to generate more interest in this product. The steps below elucidate how exactly life insurance works.
- Determining one’s need – Before selecting an insurance plan
- Choose the insurer and policy
- Pay the premium
- Avail the cover
- On death.The amount is paid to the nominee.
- On survival/maturity.The maturity amount is paid
