What auto insurance will reassure me that my family will be able to use the money I saved in case I died unexpectedly?
A very close friend of mine suddenly died due to a car accident. Since his death was unexpected, he was not able to prepare for it. He did not save money for his insurance and now his family is suffering. Given that he was the only one providing his family's needs, her wife is devastated. Now that the breadwinner is gone, they were left in hell. I wanted to make sure that my family will not face the same situation his family is experiencing
Be reassured with the insurance that you have by making sure that you read the contract thoroughly. There are ways where life insurance is not applicable or will not cover the death. First, is when the cause of death is suicide. It will also not cover when there are health-related issue to the death nor when illegal activities where done. There are some cases wherein the insurance will not be applied because it is outside the country. When a person also died because of armed conflict. Always make sure that you read what you have signed because we do not want every effort will not pay off.