View Single Post
  #8  
Old 02-09-2012, 02:15 AM
elijahmorell's Avatar
elijahmorell elijahmorell is offline
Junior Member
 
Join Date: Feb 2012
Location: Sydney, AU
Posts: 18
Default Re: Benefits of life insurance policy?

Key Benefits of Life Insurance:-
Asset Protection:-
The core benefit of life insurance is that the financial interests of one’s family remain protected from circumstances such as loss of income due to critical illness or death of the policyholder. Simultaneously, insurance products also have a strong inbuilt wealth creation proposition. The customer therefore benefits on two counts and life insurance occupies a unique space in the landscape of investment options available to a customer.

Goal based savings:-
Each of us has some goals in life for which we need to save. For a young, newly married couple, it could be buying a house. Once, they decide to start a family, the goal changes to planning for the education or marriage of their children. As one grows older, planning for one's retirement will begin to take precedence.

Clearly, as your life stage and therefore your financial goals change, the instrument in which you invest should offer corresponding benefits pertinent to the new life stage.
Reply With Quote