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The Need for Insurance Planning

"Insurance is not for the person who passes away,it is for those who survive," goes a popular saying that explains the importance of Insurance Planning.

It is extremely important that every person, especially the breadwinner, covers the risks to his life,so that his family's quality of life does not undergo any drastic change in case of an unfortunate eventuality.

How Much Life Insurance Do I Need?

It's not really about how much life insurance you need.It's how much money your family will need after you're gone.

We’re here to help you make important decisions about protecting your loved ones.

Choose the right level of coverage

When you're buying a life insurance policy,it's important to choose the right amount of coverage. You don't want to have too much−and pay for protection you don't need.Neither do you want to have too little−and leave your loved ones under protected.

Determine your life insurance needs

There are two commonly accepted methods for calculating the amount of life insurance coverage you should carry.

  • The lump sum need method calculates the amount needed to pay:
  • Outstanding debts|Household expenses,Emergency needs,Educational costs

  • Calculate future spending
  • When you're determining your family's future financial needs, remember that you don't have to provide 100% of the income that will be needed.

Ready to take the next step?

Determining the right insurance coverage for your needs is an important decision.

A professional can use their knowledge and experience to help you by:

  • Understanding your goals
  • Helping you select investments that fit your needs
  • Analyzing how changing economic and personal situations may affect you
  • Giving you timely financial information

Why do I need Insurance

3 Reasons

Think you don't need life insurance if you don't have kids?Think again. It may seem like an unnecessary expense.But there are many reasons to have life insurance, even if you’re not supporting a family.

  • Mortgage / liabilities protection

    Whether you live by yourself, with a spouse,you may want to buy life insurance as mortgage protection.Think about it−you don't want the person you live with to be homeless if you die unexpectedly,do you?

    Term life insurance can be used to pay off an outstanding mortgage balance.Just select a term that matches the length of your mortgage payment period.Some companies even offer decreasing term insurance,which means the death benefit decreases along with your mortgage balance.

  • Income replacement

    You and your significant other may have planned for a future based on two incomes − but what if one of you passes away unexpectedly?Life insurance can be used to replace the lost income so the survivor can maintain the same standard of living.

  • College funding / future Responsibility

    OK, OK … this one only applies if you have kids.But have you seen the tuition rates lately?

Life insurance can help fund a college education.If you die, the death benefit may be invested and potentially grow to the needed amount by the time your children reach college age.Feel better knowing that you helped prepare for their future – even if you are not there to see it.

Just keep in mind that investing involves market risk,including risk of loss of principal.Take care to ensure that permanent life insurance is suitable for your long-term life insurance needs.You should weigh any associated costs before making a purchase.

The earlier the better

So maybe you're starting to see the need for life insurance … and you'll call your agent next week,right?Don't put it off! Typically, the younger you are when you get insurance,the lower the cost and the easier to get approved.


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We’re aiming to bring back the feeling of defined benefits, and the financial peace of mind that goes with it. We envision a world where you can be confident of reaching your goals, whatever they may be.