3 reasons you don’t need Life Insurance

Last updated: July 1st, 2018

don't need Life InsuranceWe have already discussed about the benefits of having a life insurance and who needs a life insurance. Although life insurance is an essential item in any financial plan, not everyone needs it. Sadly, in many cases, life insurances are sold rather than bought. Many insurance agents, masquerading as advisers, mis-sell life insurance products to gullible customers. To protect ourselves from this unethical practice, let’s have a look at who does not need a life insurance. Continue reading “3 reasons you don’t need Life Insurance”

5 Benefits and Reasons for buying Life Insurance

Last updated: December 11th, 2017

benefits of life insurance, reasons for buying life insuranceLife insurance is an important and necessary part of our financial plan. We already know that; but what are the benefits of having a life insurance? In case you are still undecided about buying life insurance, a look at this list will help you decide. Let’s see what benefits a life insurance policy can provide. Continue reading “5 Benefits and Reasons for buying Life Insurance”

Who should buy Life Insurance

Last updated: December 11th, 2017

Life Insurance famiy protectionLife is uncertain. No matter who we are or what we do, no one knows what the future holds. Although we all want to live a long life, death is the only certainty in our lives, albeit an unpleasant one. Now imagine, what if we were to die early? When we are still in our working lives, having dependents, mouths to feed, loved ones to care for? Sounds scary, but can we be certain that we won’t? Many people have died early, due to illness, accidents, calamities. We cannot do much about the mental agony and emotional turmoil our loved ones will have to go through, but can we at least secure them financially? Life insurance exists exactly for this purpose. Continue reading “Who should buy Life Insurance”

Insurance – An overview

Last updated: July 1st, 2018

insuranceWhat is Insurance?

I know most of us already know what insurance is, and probably already have insurance policies. However, just to be sure that we are on a common ground, I will briefly touch upon the subject.

Insurance is a risk cover. It is a fallback source of funds in case of any exigency. An insurance policy is a plan wherein you have to pay a certain amount to get yourself covered financially against the risk. Usually the cover is much higher than what you have to pay. The most common types of insurances are Life, Health and Motor Insurances. Continue reading “Insurance – An overview”