Respected Sir/ Madam,
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| Ensure your loved ones are protected. |
Properly planned life insurance
protects your family from unforeseen circumstances and addresses financial
obligations. Determining the appropriate amount of coverage is critical and
requires more than just figuring out the numbers. As our lives change so do our
life insurance needs and the factors that determine your family's well being
and standard of living.
If something were to happen to
you, your family would be left in a precarious financial situation. A life
insurance policy is an important investment that provides financial security to
your family in your absence. By paying a relatively small amount of premium,
you can ensure a sound financial future for your family. With respect to
finances, life will be the same for your family members, in spite of losing an
earning member. Hence, buying life insurance is an important step towards
securing the future of your family.
Aside from the above, here are five more reasons why you should buy a life insurance policy.
1) Great for long term goals :-Life insurance policies can also be utilized as an investment
for the long term. Types of life insurance policies such as ULIPs and endowment policies doubles up as
a savings plan along with providing a life cover. Such plans may provide good
returns even if you happen to survive the policy term. Hence you can plan for
long term goals such as children’s marriage, education etc.
2) Pays off debts:-Most people have loans, mortgages and other forms of
liabilities. By taking up life insurance, you need not worry about outstanding
loans and mortgages even if something were to happen to you. A life insurance
policy will pay for all your mortgages and loans in the event of your untimely
demise. Hence, you can protect your loved ones from the burden of debts.
3) Economical:-Term insurance policies offer a huge pay out (Life cover) compared to the
amount of premium paid. Even if you are able to pay only two life insurance
premiums, your beneficiaries would receive the full amount in the event of your
death. By buying a life insurance policy at a young age, you can enjoy the benefits
of life insurance by paying a lower premium.
4) Flexibility:-When it comes to life insurance, policy holders have
flexibility in terms of time frame, coverage, the amount of premium, extent of
savings as well as risk appetite. Hence, you can choose life insurance policy
according to your financial requirements.
5) Tax Benefits:-Life insurance also offers attractive tax benefits which make
it a very beneficial financial instruments. Life insurance policy holders may
obtain the benefits of both exemptions and deductions under the section 80 C
and Sec 10(10)D of the income tax act.
There are many types of life
insurance policies available and we can help and educate you on the pros and
cons of each. We also have the experience and tools to structure the most
efficient plan to achieve your short- and long-term objectives.
Life insurance provides comfort to
your family when they need it the most.
Regards,
KARISHMA SHINDE
Life Insurance Consultant
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