Life Coverage- This is specifically designed to protect your beneficiaries financially, when you are not there anymore
Income Protection- If you are unable to work due to illness, the insurance company will compensate for your loss of income
Retirement Planning- A proper retirement plan is to ensure that you receive a consistent flow when you retire
Education Planning- This is a great way to grow money across time. So when your kids are old enough to go college, they will be able to leverage on this sum of money