Month: November 2015

The Need For Term Insurance In This Day And Age

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“If your family comprises dependents, then it is absolutely essential from your end to secure them in every way possible, especially during times of an unforeseen event. This definitely means that you are required to opt for a life insurance that provides you and your family various benefits. There are a number of life insurance policies and one of them is a term insurance plan that provides coverage for a particular period.

For term insurance plans, you are required to pay premiums up to certain duration. If the insurer passes away during the period, the cover is paid out to the insured or his/her family. This type of a cover is available at fixed premium rates which are generally based upon factors such as your health, age and the likes. This policy is also available online making it possible to ease the burden of standing in queues and also helps save money.

Therefore, it definitely makes sense to purchase a term insurance cover, especially considering two aspects: Your health and the premium you wish for.

The cost or the premium

Term insurance plans are superior to other life insurance plans due to the fact that they charge a nominal rate that does not cause much stress to one’s finances. This means that your monthly budget remains under control and the finance aspect of it does not undergo a topsy-turvy situation.

Your health

Well, one of the best times to purchase a term insurance plan is when you are young. This is due to the fact that one’s health is better while young; therefore, your medical tests are likely to show a positive result which will help you acquire this plan. You should keep in mind that a life insurance cover is generally difficult to obtain if you are already suffering from an illness.  The best idea here is to undertake a term plan at a young age so that you can avail it at a lower premium rate.

You can also look out for a term insurance plan calculator online before you make the big decision of availing the policy.”

Invest In ULIPs For Lucrative Returns

ULIP Insurance

Unit Linked Insurance Plans are convenient plans that allow one to earn profitable returns. These plans are meant for all those who wish for lucrative returns along with their usual body of work. ULIP insurance plans are generally a combination of investment as well as insurance which makes it one of the most sought-after plans to avail.

If you make an investment, you need to be absolutely sure of the fact that you are prone to appreciation as well as depreciation; it works both ways due to the volatility of the market. A ULIP policy assures you success in terms of returns along with providing you a financial cover. This is possible with the premium paid by the insurer which is invested in debt as well as equity securities, making it one of the most profitable forms of investment.

  • Advantages of investing in ULIP Insurance Plans

If you avail his plan, then you have an option of selecting from a range of high, low or medium risk investment options which assure you a certain risk cover. As an investor, you also possess an option of switching between the above mentioned ranges in accordance to your capabilities. You are also enabled to make additional contributions besides the regular premium that you need to pay.

ULIPs also hold an amount of liquidity that allows it to gain a certain edge over other policies. The policy holder is generally assured a good return at the end of the term of the policy while also possessing tax benefits.

There are various other benefits of investing ULIPs that help you plan your life as well as secure you beloved family members and dependents. This life insurance plan is one of the many ways you can ensure that your family retains their lifestyle without any changes, especially during times when you are not around. This plan is also helpful for all those who wish to make investments without involving themselves in the stock market. This particular benefit of ULIPs is what sets it apart from other investment options.

Lead A Comfortable Life With A Savings Plan

It is always a good habit to involve yourself in savings on a monthly basis so that you can secure your future. This requires an extensive savings plan that will help you achieve that much-required financial aid when the right time arrives. It is always a difficult task to live from paycheque to paycheque, especially if you have dependents. Therefore, savings is a vital aspect that will help you secure you and your family’s future and help you lead a comfortable life in the future. Here are some reasons why you should involve yourself in saving for the future:

Save before you invest

A savings plan is as essential as making investments in various avenues. This is because savings help you secure you future finances while investments help you grow and multiply in terms of money and success. This important component is one of the most required methods you can plan your investments and also get involved in your retirement planning.

Provides you financial security

This is essential in cases of emergencies and any form of unpreparedness would cost you a lot. Savings enables you to tackle these situations with ease and brings about a peace of mind during situations such as these.

Helps you achieve a certain financial freedom

If you buy a savings plan online, it will be extremely helpful for you to pursue your future dreams. A savings plan enables management of your money and savings in order to provide you with relief during times of need.

You can enjoy your retirement in peace

Saving for a secure future should be one of the most important priorities in your life which will enable you to enjoy your retirement in peace. This means you should be increasing your chances of availing good healthcare as you begin ageing by making savings a huge priority during the time you are an earning member of your family.

Saving plans enable you to plan for larger purchases and other life events

You can plan to purchase a house or a new car if you begin savings at an early age. You can also plan you marriage, your child’s future and other forms of family planning if you begin with savings soon.