--- title: What It Means When You Buy Life Insurance? description: When buying life insurance, many see it only as money their family will get when they die, but in reality it is much more than that.. image: https://www.financialplanningindubai.com/hubfs/Child%20Education%20Seminar.jpg --- [![Financial_Planning_in_Dubai_logo](https://www.financialplanningindubai.com/hs-fs/hubfs/Financial%20Planning%20in%20Dubai%20Logo_9090-2.png?width=90&height=90&name=Financial%20Planning%20in%20Dubai%20Logo_9090-2.png "Financial_Planning_in_Dubai_logo")](https://www.financialplanningindubai.com/?hsLang=en-gb) - [Home](https://financialplanningindubai.com/) - [Blog](https://www.financialplanningindubai.com/blog) - [Services](https://www.financialplanningindubai.com/services) - [Islamic Investments & Takaful Plans](https://www.financialplanningindubai.com/blog/salama-hyat-plus-takaful-plan) - [Medical Insurance](https://www.financialplanningindubai.com/blog/topic/medical-insurance) - [Free Resources](https://www.financialplanningindubai.com/free-finanical-tools) - Tools - Calculators - [S&P 500 Investment Calculator](https://financialplanningindubai.com/sp-500-investment-calculator/) - [Life Insurance Calculator](https://www.financialplanningindubai.com/life-insurance-calculator) - [SIP Calculator](https://financialplanningindubai.com/sip-calculator/) - [Lumpsum investment calculator](https://www.financialplanningindubai.com/lump-sum-investment-calculator) - [Inflation Calculator](https://www.financialplanningindubai.com/inflation-calculator-uae) - [Net-Worth Calculator](https://www.financialplanningindubai.com/blog/free-personal-balance-sheet-template-networth-statement) - [The Best Budget Planner for Expats](https://www.financialplanningindubai.com/expat-budget-planner) [Book A Discovery Call](https://www.financialplanningindubai.com/meetings/damodhar?hsLang=en-gb) # What It Means When You Buy Life Insurance? ![Damodhar Mata](https://app.hubspot.com/settings/avatar/e63bc971ec29ebe6c012fd042c1a8215) [Damodhar Mata](https://www.financialplanningindubai.com/blog/author/money-mata-aka-damodhar-mata) 26 Aug 2015, 13:26:20 ###### [Financial Planning,](https://www.financialplanningindubai.com/blog/topic/financial-planning) [life insurance,](https://www.financialplanningindubai.com/blog/topic/life-insurance-2) [Life Insurance Dubai,](https://www.financialplanningindubai.com/blog/topic/life-insurance-dubai) [Life Insurance in Dubai](https://www.financialplanningindubai.com/blog/topic/life-insurance-in-dubai) **What do you buy, when you buy Life Insurance?** When buying life insurance, many see it only as money their family will get when they die, but in reality it is much more than that.. It is a legacy which you can leave behind, to make sure that your family's world is a better place to live in.. ## **What Life Insurance means to your children?** Your life insurance policy could mean a lot to your children and the following are some examples, which may apply to your situation - An assurance that they can continue to pursue their education dreams... - A promise that they will have more of their mother's  / father's time, love and affection - A promise that they still can afford to pursue their hobby or passion.. - A promise to your daughter, that her marriage expenses are taken care off ![Life Insurance protects your children's dreams](https://www.financialplanningindubai.com/hs-fs/hubfs/Imported_Blog_Media/shutterstock_189432917-300x200-1.jpg?width=750&height=500&name=shutterstock_189432917-300x200-1.jpg) Life Insurance protects your children's dreams   ## **What it could mean to your spouse?** - An assurance that she will not have to work to make ends meet - An assurance that she can spend more time with children, showering them with love and affection - A guarantee that their well being is taken care off - A guarantee that the mortgage is covered, and they can still continue to live in your dream house - An assurance that she will not have to depend on children or others for her expenses when she is old ![Life Insurance guarantees The most valuable thing any father can leave his children - Their mother's time.](https://www.financialplanningindubai.com/hs-fs/hubfs/Imported_Blog_Media/Mothers-time-1.png?width=750&height=389&name=Mothers-time-1.png) The most valuable thing any father can leave his children is their mother's time ## **What it could mean to your parents?** - A pension to your parents to support them in their old age - Medical Insurance to pay for their ailments We remember the Ancient Egyptians for the pyramids they left behind.. We remember Steve Jobs for touching our lives with passion and creativity.. We remember Michael Jackson for being the King of Pop... ![Life Insurance - Legacy for your loved ones](https://www.financialplanningindubai.com/hs-fs/hubfs/Imported_Blog_Media/Collage-3.png?width=750&height=183&name=Collage-3.png) It is up to you to to decide, what legacy you want to leave for your family and how you want them to remember you??? Arrange a free consultation to know more about choosing the best life insurance plan in UAE [Book a Discovery Call](https://www.financialplanningindubai.com/meetings/damodhar?hsLang=en-gb) ![Damodhar Mata](https://app.hubspot.com/settings/avatar/e63bc971ec29ebe6c012fd042c1a8215) [Damodhar Mata](https://www.financialplanningindubai.com/blog/author/money-mata-aka-damodhar-mata) Author, Blogger & Independent Financial Advisor. My goal is to give you actionable tools for creating passive income and building wealth. More than 10,000 expats have already used my ideas to jumpstart their journey towards financial independence. Connect with me to start yours... Share this article on [mailto:?subject=Check%20out%20What%20It%20Means%20When%20You%20Buy%20Life%20Insurance?%20&body=Check%20out%20https://www.financialplanningindubai.com/blog/2015/08/26/when-you-buy-life-insurance](mailto:?subject=Check%20out%20What%20It%20Means%20When%20You%20Buy%20Life%20Insurance?%20&body=Check%20out%20https://www.financialplanningindubai.com/blog/2015/08/26/when-you-buy-life-insurance) ##### Read more - [The Real C-Suite – The Only Title That Matters 🏆](https://www.financialplanningindubai.com/blog/breadwinner?hsLang=en-gb) - [The Wealth Secret 99% of Investors Ignore – Will You?](https://www.financialplanningindubai.com/blog/the-iceberg-of-investing?hsLang=en-gb) - [From Risk to Reward? 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[Read More](https://www.financialplanningindubai.com/blog/why-millennials-should-consider-whole-life-insurance-in-uae?hsLang=en-gb) [![6 Crucial Life Insurance Mistakes to Avoid in UAE](https://www.financialplanningindubai.com/hs-fs/hubfs/Stock%20images/Young%20businesswoman%20sitting%20in%20carton%20box%20and%20feeling%20uncomfortable.jpeg?width=300&name=Young%20businesswoman%20sitting%20in%20carton%20box%20and%20feeling%20uncomfortable.jpeg)](https://www.financialplanningindubai.com/blog/life-insurance-in-uae?hsLang=en-gb) ###### [life insurnace,](https://www.financialplanningindubai.com/blog/topic/life-insurnace)[Life Insurance mistakes](https://www.financialplanningindubai.com/blog/topic/life-insurance-mistakes) ##### [6 Crucial Life Insurance Mistakes to Avoid in UAE](https://www.financialplanningindubai.com/blog/life-insurance-in-uae?hsLang=en-gb) Financial mistakes are not uncommon. You may get away when you make some, but a mistake while... 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