As a nurse, your main goal in life is helping others. However, it would be nice to help others in a comfortable work environment, with decent pay and benefits, without stressing yourself beyond belief, right?
Hence, the availability of life insurance for travel nursing staff provides them various benefits such as enabling them to get treatment for their illness quickly. The main purpose of life insurance is to provide a financial benefit to dependents upon the premature death of an insured person.
You need to pay the premium to the insurance company which will further cover your family's financial requirements after your death. Hence, in case of emergencies, your family will get financial support with the help of a life insurance policy.
The life insurance policy comes into force when the policyholder dies. The nominees receive maturity benefits that can be used to manage lifestyle expenses or to pay off any debts, liabilities.
The policy pays a specified amount called a “death benefit” to the named beneficiary when the insured dies.
Only understanding what a life insurance policy is not enough. You must know what type of life insurance policy will be suitable for your needs. In addition to the amount of coverage you need, you should also figure out what type plan you need.