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Need a combined Life Insurance, Critical Illness Plan, and Disability plans
Types of protections
Protecting your income
Protecting your health
To learn more
Do I really need insurance and why should I get one?
To answer this question, think about the following example:
Let’s say that you love driving, however driving impose some sort of a risk i.e. accident. You have the following alternatives relating to the risk:
- Do nothing – you keep the driving and if something happen you have to pay the consequences
- Avoid the risk – stop driving as you don’t want to take any risk
- Transfer the risk – pay a small premium that if an accident happens someone else is paying for the consequences.
Which option do you prefer? What would you do?
Insurance is a method of transferring the risk to someone else and there are some ways to make this transfer generate some wealth for you in the long run.
Now, lets ask what is the most important thing to you and how you reduce or transfer the risk associated with it?
Term To 100
and much more
Difference between a "PERMANENT" & "TERM"
No cash value
Expire before the age of 85
Coverage for life
can accumulate cash value
Limited investment options and dividends
Based on the insurance company performance
Range of investment choices
Life Insurance cost
Older age = higher cost
Exceptional health = Preferred rates
Poor health = rated policy (cost increase)
Extreme health issue = declined
A one-time lump sum payment for a critical illness
If survives 30 days after diagnosis (cancer 90 days)
- Heart attack
- Might cover up to 25 illnesses
Coverage amount is based on income prior to disability.
- Accident only
- Accident and illness
Benefit might go to age 65 (some policies)