Life always lulls you into a false sense of security. When things are going well, everything goes well at the same time. Soon, you begin to believe that nothing will ever go wrong, that the struggles of the past are gone forever. And then something happens and jolts you out of your fantasy.
Most of our troubles are tied in to financial scarcity. While many of us do not have the resources to buy our own home, send our children to international schools or even take foreign trips, others worry that their savings are not substantial enough for the future. Either way, people are wary of a time when there will not be enough resources to pay all the household expenses. Even worse, there may not be a steady income in the future to pay for the family’s dreams.
Taking proactive steps for a rainy day goes a long way in protecting the future of those we love the most – our family members.
We may not be physically present in their lives, but one act of foresight can help them know that we are always with them in spirit. We are referring, of course, to taking term insurance.
The term insurance solution
At the current moment, what are the steps you have taken to protect your family in your absence? Is there enough money saved or invested to pay for children’s higher education, household expenses, children’s wedding, spousal support, etc.? Is the savings enough to last them for several years? If not, then it is time to consider taking a term insurance plan.
Taking a term plan ensures that your family is safeguarded against financial peril. They do not need to seek outside assistance in running the home. The children’s future is not jeopardized owing to lack of money. And your family can continue its current lifestyle till another avenue of income opens up a few years later.
We recommend taking online term insurance to reap the benefits of a high sum assured and a low premium payment, and reduced premiums for purchasing the plan online. Reputed insurance providers in India do not insist on a medical examination to complete the plan purchase process. This is so because the premium payable is quite low, and the information supplied by the applicant is verified diligently.
Younger age groups who are healthy and who are non-smokers are encouraged to take online term insurance so that they can avail of cheaper premiums. They can also have sufficient life coverage till such time that they decide to buy a more expensive life plan.
Online term insurance can be purchased over the Internet in just a few minutes. Also, the premiums can be paid online annually.
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