By Dian Ngo
Are your loved ones ready to live properly after you die? Putting money in banks is good, but is it enough? Here are some reasons for why you should get life insurance:
2 Facts
1. All of us grow OLD and DIE.
We just don’t know when. This is why we should not risk delaying it.
Imagine prioritizing other expenses like travel and then delaying the purchase of an insurance plan. If you get into an accident while travelling, you can never turn back time to get the financial support you need.
2. The death benefit is GUARANTEED.
This is a sure way you can provide for your family for when you are gone. The claiming process for the beneficiary would be easy and fast and your family would receive it in cash. On the other hand, if you have money in your bank or property assets, it wouldn’t be as easy to pass it or them on to your family. With the death benefit, we wouldn’t have to worry about our loved ones or the obligations we have left.
Now, you may be thinking that you’re single and childless and that you don’t need it. But even then, you would still have your obligations. And your loved ones would still have to bury or cremate you. You need to get a small policy to cover that.
Don’t think of life insurance as an expense. Think of it as an ASSET.
2 Factors for Life Insurance
1. AGE
The cost is higher as we get older. The perfect time to get insurance is when you are young and you don’t need it yet.
Think about it: With regards to saving for ten years, time flies fast when you are young. But it seems too long when you are already old.
2. HEALTH
We are at risk of getting health problems anytime especially as we grow older. If we get sick, we cannot get insurance anymore even if we want to and even if we can afford to.
Preparing for eventual death may sound like a distant doom and gloom. But death is an aspect of life that can come at any time and, when it does, will leave quite the loss for the bereaved family. So, if you’re not insured yet, GET a Plan NOW while you still CAN! You’ll never go wrong and you’ll never regret it!