myths about life insurance
TRANSCRIPT
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Contrary to popular belief, getting a grasp on Life Insurance isn’t a very difficult task.It can be quite easy with a little effort.
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It is essential that people are educated on this topic so that they are able to differentiate between fact and myth, enabling them to make better decisions.
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We present some of the most prevalent myths about Life Insurance and our opinions on them, aiming to create a greater clarity about the subject of Life Insurance.
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Death is the ultimate reality of life and can happen to anyone irrespective of age, caste, creed or gender. One should consider Insurance as soon as he/she starts earning.
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Even single individuals need Life Insurance as it meansan added financial cushion for your retirementyears and also lighten tax burdens*.*Disclaimer: Tax benefits are subject to change in Tax laws.
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In case of a change of job or a sudden red slip, the individual is completely devoid of any group life insurance
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One must be informed that term insurance offers Life Insurance support throughout the year at nominalprices bringing peace of mind to the individual.
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Life insurance indeed offers tax benefits*, but the sole purpose of life insurance is to providecover in case of sudden death.
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Contrary to popular belief, getting a grasp on Life Insurance isn’t a very difficult task.It can be quite easy with a little effort.
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One cannot expect huge returns from invested premiums, as Life Insurance essentially aims to provide support in cases of unexpected mishaps or retirement.
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. Insuring against the loss of a home-maker may make more sense than one might think as the services provided by a home-maker are essential.