This covers people and causes that you care about like medical bills, monthly bills, and outstanding debt, such as student loans.
At its core, Life Insurance is really there to help protect the people and causes that you care about most in the event of your passing. For that reason, it’s best to think about obtaining it before you actually need it.
Ask yourself this important question: If you passed away tomorrow, would your loved ones be financially protected? Most Tanzanians would likely answer “NO.”
life insurance can also help to provide ready money for your spouse while he or she is job-hunting. Or, if you’re a stay-at-home parent, the benefit amount can help to offset the cost of childcare.
In life, there will always be rainy seasons. We may not be able to prevent the storm from coming, but we can certainly prepare for it.