1. The younger you buy, the cheaper your insurance plan
So if you’re thinking about getting a policy do it before your next birthday. Life insurance plans will be considerably cheaper when you invest at a young age. The younger you are, the cheaper your insurance plan will be. Similarly, the younger and healthier you are, the more insurable you will be. That’s when you get the best possible insurance policy rates.
2. Higher Savings on Taxes
You can expect tax savings with your insurance policies. The premium paid on life insurance policies is always eligible for the maximum tax deduction. You will also be eligible for tax-free proceeds in case of maturity/death.
3. Use living benefits for medical coverage
Your insurance plan can protect you from unexpected, high medical costs, including chronic (cancer, heart disease, stroke, diabetes, and arthritis.), critical ( cancer, organ transplant, heart attack, stroke, renal failure, and paralysis), or terminal (cancer, etc.)
4. You may not qualify for life insurance later
Uncertainties are a part of life. You may be healthy and fit at present and paying the life insurance premium may seem an additional expense. However, it is worth it, since you will not be allowed to purchase life insurance coverage if you fall ill later on.
5. Save 30-50% less in retirement management fees with lifetime income
If you have a life insurance policy, you will have to pay less for retirement management fees and can enjoy a lifetime income.
Investing in life insurance should not be perceived as a burden but rather as a necessity, both for safeguarding you and your family from risks and also for ensuring greater peace of mind.
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RETIRE BEFORE YOU EXPIRE
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