Health is Wealth. Indeed. With hectic work routines and busy lifestyle along with pollution, food contamination among various others have became a major concern as compared to earlier days in our country. The causes for health declination and reduced standard of living has caused many debatable factors that suggests one common solution for all problems i.e. getting ourselves covered under term insurance plans across every age to avoid medical bills during the times of emergencies.
Many times, I remain amazed after knowing that many young people do not have any life insurance plans and neither they plan to buy one. Although they all had their respective reasons for it, the most common one which I get to hear is that they believe it is too early for them to start with a term insurance plan and that there is enough time to think about it. And I could not help but disagree to their thinking.
Many would ask, why shall I start paying premiums now when I have so many other checks that requires to be cleared off? Others enquired, why can’t I wait to get a policy when there is always time for it? Well, there reluctance can be comprehended at times, but one general perception of life that is common to all is to become old one day when you get retired from routine work and tiring jobs.
Singles may ask again; do I need a life insurance when I have no dependent? According to consultants, purchasing a term insurance or a life policy can bring you potentiality guarantee for being insured and even give you a better deal. You can opt for those plans where you get fair returns during bad times when there is no one to serve you.
For the rest, now is the time when you must think for buying an insurance plan for your self and dear ones. And if you are young, you must immediately meet one of the insurance advisors when you will get to know that buying a life insurance is so affordable and convenient.
Let us understand closely why we must think of buying a term insurance at an early age.
#1. Decreased premium:
The reason here is quite simple, the younger you are, the healthier you are supposed to be. With age, nevertheless, things might get turned up when getting contacted with several diseases like blood sugar and cholesterol etc. are feasible. Even, lifestyle diseases as well as sedentary habits also accompanies after working for 10 hours every day. So, before you hit your thirties or moving towards forties, go for a term plan ASAP.
If you opt for a medical plan now, you can get a premium plan at a very low cost since you are free of medical conditions. Early aged people can plan for lesser premium plans without getting risk of inflated premium.
#2. Make your dependents feel protected:
Whether you are a woman or a man, every earning member of a house must take precautionary steps and think ahead of life. While accidental life risk is common to all, any financial storm might put your family into intense situation. Your dependents may include parents, children or your spouse who will have to bear all the trouble of paying off for home and education or loans along with facing many troubles for managing daily expenses without your contribution.
If you desire not to leave your family into such a miserable state for ever, now is the time to make a decision and opt for a suitable plan.
#3. Save your cash in hand and tax:
Whether you are a new earner or have been earning for couple of years, saving self-earned money can always make you feel joyous. One of the best ways to save tax is making investments in insurance plans that not only saves your money by accumulating it in the form of premiums, but it also comes back to you or your dear ones.
Saving cash is another benefit that we get from term insurance plans. Saving is always recommended, but to keep cash at home is never a good option as it remains stagnant there. If cash is invested in proper policy plans, it will definitely grow into an amount after a certain time period.
Thinking for a term insurance at an early age is undoubtedly one of the most responsible approach. While we always wish that nothing uncertain must happen with us or our dear ones, it must also be agreed that life throws lots of surprises. No matter how much bitter these surprises may be, to make them less bitter, it is very significant that we get ourselves covered wisely and with appropriate ways to secure our peace of mind.