If you’re earning enough salary, the first thing you should do is invest in yourself. It doesn’t matter if your investment is high or low as long as you are setting aside a portion of your income to put into savings or investments. This should be the first thing to do if you’re an expat working abroad because you may never know when will life uncertainties hit you. Aside from planning your expenses, be sure to make time planning for your life insurance as well as this will be the most important investment you could get for yourself if you want a secure life for your family someday.
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An expat who chose to work abroad might have been pushed by several reasons—maybe because of a better job opportunity, a great career experience, a higher salary, a change of lifestyle and many more. It’s not a surprise that you chose to be in Dubai of all the foreign countries you have as options. There are surely a lot of things to do here including improving your lifestyle for the betterment of your stay here as a foreigner. And included in that lifestyle is choosing the right insurance for yourself. To help you understand a bit about life insurance in Dubai, here’s the things you should know.
What is it for?
Ever wondered why you should get your own life insurance in Dubai? The answer is financial security. Life insurance policies are designed to provide a lump sum amount when a person dies. Usually, the main beneficiary if you have a life insurance is your wife. This is the best way to leave your family something of value in case you pass away. And if you’re single, consider applying for a life insurance when you are paying debts and taxes. The premiums your family can get when the right time comes can be used to offset your exsiting taxes and debts.
Where can I get my life insurance in Dubai?
The credible companies where you can get your life insurance in Dubai are Term Insurance, Life Care, and Wealth Protect. These are top insurance providers but of course, you can look for your preferred company.
What are other services offered by insurance companies in Dubai?
The following are the services that insurance companies can provide for you:
- Life insurance
- Commercial risks
- Critical illness
- Health insurance
- Disability insurance
- Income protection
- Mortgage protection
- Redundancy insurance
- Personal risk
Health can be money consuming if you don’t prepare for what’s going to happen in the future. Invest in yourself by buying the right insurance for you.