Starting a business is not easy. Just to have an idea, it is necessary to deal with a series of obstacles such as a huge tax burden, difficulty in getting the business off the ground, and high competitiveness, in addition to a consumer public with low purchasing power and the constant fear of bankruptcy. So much pressure only reinforces the importance of life insurance for those who have a business.
Today, 99% of all companies are micro or small. In other words: they are family businesses, usually with a single partner, responsible for providing most of the family’s profit. An MEI, for example, can earn only R$ 81,000.00 per year, which is equivalent to R$ 6,750.00 to support his family. In this way, the company is the economic pillar of the home. Thus, an unforeseen event or a tragedy can put all this at risk.
Want to know more about the importance of life insurance for those who have a business? Then continue reading the article below!
How does life insurance work?
Many people do not understand how life insurance works, as it is not as common a modality as a car or home insurance. In addition, most people only know about the feature of movies or soap operas, which do not portray insurance as faithfully as possible.
Life insurance is a fund created to be able to pay compensation in the event of the insured’s death within the categories of options created in the contract. In addition to the death itself, insurance can also be paid in the event of disability, when the person is diagnosed with a serious illness has to deal with high medical expenses and other scenarios.
In practice, the causes of payment are listed in the contract, as are the beneficiaries of the payment. In the meantime, the insured makes the constant payment of the insurance installments in order to guarantee as much as possible for the financial fund.
It is worth mentioning that, like any other insurance, there is a grace period for the benefit to be collected by the beneficiaries of the payment.
How important is life insurance for those who have a business?
Imagine you have a delivery business. With an initial value, he set up a small breakfast delivery service. The person places the order a day in advance, and you make the delivery with an application like Rappi, for example.
So when you wake up in the morning the next day, you have coffee ready to drink. Great, isn’t it?
However, only you have the revenue from the main foods served; you have the marketing strategy used and the business growth plan. Still, the company gives enough money to pay all the house bills, including the children’s private school, in addition to saving a little to set up a nest egg.
However, the worst happens: you end up dying. How will your family manage in this scenario? People don’t know how to make the recipes for the dishes; they don’t understand your marketing strategy. Anyway, they are not prepared to replace you.
It may seem an unlikely scenario, but it is a risk that most national companies suffer.
Therefore, it is important to have AARP life insurance that can compensate for this type of situation and guarantee your family a financial cushion that compensates for your absence. That way, they won’t be in a situation to make or experience difficulties. They will have a period to be able to deal with grief and reorganize their lives. It is a chance for a return that you guarantee to your family members.
How to buy life insurance?
To purchase life insurance, it is important to talk to a trusted broker who specializes in the subject. It is essential to keep in mind that not all insurance plans are the same, and not all of them benefit you.
Therefore, it is vital to analyze the issue well and have someone you trust who can help you choose the best option. After all, the last thing you want is to pay for life insurance so, when it’s needed, some bureaucracy prevents your family from getting the money.
Ready! Now that you’ve seen the importance of life insurance for those who have a business, it’s time to start thinking about hiring yours. Remember to study all the options on the market, talk to trusted brokers and find the option that best meets your goals. Life insurance is the kind of thing we never want to use, but it is essential to plan for the future and create safeguards for the family, especially for those who depend on a micro or small business.
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