Life Insurance
Today, let me share with you my experience when life insurance is concerned. The first time I heard of the word 'insurance' is during my Primary School. My parents never fail to insure the whole family. I never know the importance of it. All I know is when someone die, the insurance company will pay. My father often looked at Family Insurance Plans and he had a 'personal' insurance agent serving him. He trusted him very much and he let him planned everything for the family.
Before I had any children, my insurance agent(that is what insurance agents were called years back, however, now insurance agents are called Financial Advisers) attempted to sell me Whole Life Policies as well as Endowment or Saving Plans. I do not understand what she said most of the time. Nevertheless, I 'bought' insurance from her. Since then, I was insured for my life.
It was until I had studied Life Insurance Courses and I had worked as a Financial Adviser that I began to love insurance, and I was able to appreciate the beauty of it.
Just two days ago, when I was walking on the street, I was telling my husband, I have peace of mind, though not totally (because I have not made a will and I am under-insured). I told him that when I walk on the road or street like now, I can afford to die. I can afford to be knocked down by cars. I can afford to be met with any unseen circumstances. But I must die in order to have real peace. Any disabilities or critical illness, I am not going to get sufficient paycheck from insurance companies to sustain my living at all.
If I die, I know that my family, especially my children who are still very young, can have a sum of money. This is the best gift for them when I die. I would die in peace if their welfare is taken care of. However, I have yet to get myself sufficient coverage for my insurance, that is for sure. But getting more coverage means more family expenses. As a matter of fact, the living expenses is so high now. In addition, the family household income is so unstable and we have basically negative assets, full of debts to be settled. After life insurance company deduct all the loans, what is left for the family would not be much either.
From my own experiences and from what I have learned from people around me, financial planning starts as soon as you know what is money and especially so when you started working. Before you start working, you need to know the importance of saving. You need to be taught the values of money, how to earn money and other importance of money. Given the right principles and values towards money, as soon as a person starts working, he should learn to save his money. He should learn to diversify his assets and know the proper steps towards wealth accumulation and wealth building. There is no shortcut to anything. The Financial Planning Pyramid must be remembered and to be followed if you want financial security and to achieve financial independence or financial freedom in your life to come.
As life insurance must be taken care of as soon as we started working and also it plays a major part of our life, we should take more time to study various Insurance Plans Pros and Cons and one should start insuring for their life as early as possible. The greatest asset in your life is your ability to work and to earn money. During your 'good' time, you should do your homework -- Get yourself prepared for unforeseen circumstances and get yourself adequately insured for what you think you are worth. The day when you are not able to work anymore is the day where you have lost your greatest assets in life, the ability to work. This is the time where insurance companies will come into the picture. They will assist you and you will see their real values only when that day come. For now, you may feel 'a waste of money' that you are paying for something which you cannot see, for something which is worth only a piece of paper. However, the value of life insurance is what more than just peace of mind. Life insurance protects and allow your life to continue when you eventually lost your greatest potential to work one day. For the breadwinner, life insurance makes sure that your family, your loved ones at home are taken care of and their life can continue when you breathe the last one day.
Advantage term life is an insurance company that sells all types of life insurance including universal, term, employer group policies, whole life policies and all types of life insurance policies. If you have not had your life insured, it is important that you protect your asset now. Nobody can predict what can happen tomorrow. Get a quote today for all of your insurance needs. There are many online insurance websites. You can have comfort of searching for the best insurance companies and the companies which can provide you with the cheapest insurance premiums all from the comfort of your home. Take charge of your life. Be responsible for yourself and your family.
Before I had any children, my insurance agent(that is what insurance agents were called years back, however, now insurance agents are called Financial Advisers) attempted to sell me Whole Life Policies as well as Endowment or Saving Plans. I do not understand what she said most of the time. Nevertheless, I 'bought' insurance from her. Since then, I was insured for my life.
It was until I had studied Life Insurance Courses and I had worked as a Financial Adviser that I began to love insurance, and I was able to appreciate the beauty of it.
Just two days ago, when I was walking on the street, I was telling my husband, I have peace of mind, though not totally (because I have not made a will and I am under-insured). I told him that when I walk on the road or street like now, I can afford to die. I can afford to be knocked down by cars. I can afford to be met with any unseen circumstances. But I must die in order to have real peace. Any disabilities or critical illness, I am not going to get sufficient paycheck from insurance companies to sustain my living at all.
If I die, I know that my family, especially my children who are still very young, can have a sum of money. This is the best gift for them when I die. I would die in peace if their welfare is taken care of. However, I have yet to get myself sufficient coverage for my insurance, that is for sure. But getting more coverage means more family expenses. As a matter of fact, the living expenses is so high now. In addition, the family household income is so unstable and we have basically negative assets, full of debts to be settled. After life insurance company deduct all the loans, what is left for the family would not be much either.
From my own experiences and from what I have learned from people around me, financial planning starts as soon as you know what is money and especially so when you started working. Before you start working, you need to know the importance of saving. You need to be taught the values of money, how to earn money and other importance of money. Given the right principles and values towards money, as soon as a person starts working, he should learn to save his money. He should learn to diversify his assets and know the proper steps towards wealth accumulation and wealth building. There is no shortcut to anything. The Financial Planning Pyramid must be remembered and to be followed if you want financial security and to achieve financial independence or financial freedom in your life to come.
As life insurance must be taken care of as soon as we started working and also it plays a major part of our life, we should take more time to study various Insurance Plans Pros and Cons and one should start insuring for their life as early as possible. The greatest asset in your life is your ability to work and to earn money. During your 'good' time, you should do your homework -- Get yourself prepared for unforeseen circumstances and get yourself adequately insured for what you think you are worth. The day when you are not able to work anymore is the day where you have lost your greatest assets in life, the ability to work. This is the time where insurance companies will come into the picture. They will assist you and you will see their real values only when that day come. For now, you may feel 'a waste of money' that you are paying for something which you cannot see, for something which is worth only a piece of paper. However, the value of life insurance is what more than just peace of mind. Life insurance protects and allow your life to continue when you eventually lost your greatest potential to work one day. For the breadwinner, life insurance makes sure that your family, your loved ones at home are taken care of and their life can continue when you breathe the last one day.
Advantage term life is an insurance company that sells all types of life insurance including universal, term, employer group policies, whole life policies and all types of life insurance policies. If you have not had your life insured, it is important that you protect your asset now. Nobody can predict what can happen tomorrow. Get a quote today for all of your insurance needs. There are many online insurance websites. You can have comfort of searching for the best insurance companies and the companies which can provide you with the cheapest insurance premiums all from the comfort of your home. Take charge of your life. Be responsible for yourself and your family.
Labels: financial freedom, financial planning pyramid, financial security, personal peace of mind, proper methods of wealth accumulation
posted by Peace at 5:17 PM
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