Life insurance is considered essential to keep the family protected, mainly in those cases where the family depends economically on the income of the person who hires it. The main purpose of life insurance is to protect the family. This reduces the economic impact that occurs with the death of the policyholder.  Life insurance has three modalities: Risk Life, Savings Life and Mixed Life. Life insurance covers the insured in the event of death, in the event of a serious accident that may cause the invalidity or in the diagnosis of a serious illness. It is important that life insurance is adjusted to your lifestyle, family, needs and budget since their coverage can make a difference in your future. We list some of the advantages of having life insurance: Financial Security for Your Family They are a good way to ensure the future of your family. If we live with people who depend on us, by contracting life insurance we will be guaranteeing their safety and well-being in the event that we are absent. Protection in Case of Disability or Illness Life insurance not only protects the family, but, also protects the policyholder. The capital can be used to cover the necessary expenses to face any of the circumstances that are contemplated in the policy and that we have suffered. Although a certain amount is received by the State in some cases, such as dependency and disability, in most cases it is not enough to cover the consequences of the situation. Debt and Tax-Free The capital received by the beneficiaries in the event of the death of the insured is free of embargoes. This means that, even if the debts that the deceased had when receiving the inheritance are rejected, the life insurance compensation is received in full. The capital that the family members collect for the death of the insured is not subject to the Inheritance and Gift Tax (ISD), as well as to the personal income tax. Especially in the Logistics industry, there are many workers whose work is Physical and risky. Some companies like United Parcel Service (UPS), FedEx and DHL provide many health benefits to their employees. UPS employees can take part in these Health Benefits Schemes through their UPSers Login portal here. Financial Security Against Debts They provide a guarantee when ending outstanding debts. Being the most common case the payment of the mortgage, it is possible that after our death or inability to continue working we have not yet finished paying all our debts, being, in this case, the most common pending mortgage. Continuing to receive income from the insurer will allow our family members to allocate the money to these types of payments and forget about them permanently. In this way, they will be able to allocate their own wages in full to the well-being of the family, without the possibility that payments such as the mortgage end up suffocating them. They Adapt to Your Needs Another advantage of life insurance is the possibility of modification of the policy over time. In this way, we can adapt the insurance to the situations that develop, either by modifying its coverage or the list of beneficiaries. Thanks to the different types of policies that exist in the market, the insured can choose the payment method that is most convenient for him (monthly, quarterly, semi-annually or annually)