YOUR LOVED ONES AND LIFE INSURANCE
YOUR LOVED ONES AND LIFE INSURANCE
As long as the wheels of life are well lubricated and running smoothly, we are happy and safe in the knowledge that things are going to remain that way and refuse to look at the future in the face. Suddenly, things go topsy-turvy and our world comes crumbling down when the sole earner of livelihood quits the scene. Financial implications increase and the all things that were running smooth hitherto, go hay wire. The darkness ahead looms large with two blinding realities. One, we have to come to terms with the loss of the loved one, and second, we have to learn to navigate on our own and counter all the financial turmoil.
All these upsets on account of the loss of a loved one could have been avoided had there been a life insurance in the name of the sole bread winner. Sure, the person will always be missed but at least it would have made the life of survivors less difficult. What is a life insurance? As indicated by the very term, you set a price for your life and agree to pay every month or as the agreement dictates, some amount of money towards the agreed price for a stipulated period, say 10 years, 15 years, or more. The insurance company agrees to honour the release the price to your survivors in case you face the inevitable before the stipulated period. If you are lucky to survive the entire period, you earn your maturity amount and enjoy it with your family. Either way, it is the policy holder who stands to gain. Hence, the prudence lies in taking a life insurance policy suiting your pocket and budget. Not just this, the insurance company extends assistance in various other ways to in clearing mortgage/rent obligations, by releasing emergency funds and also facilitates continuation of children’s education with necessary finances.
Invest today for a better tomorrow.
Tags: Life insurance