Why is insurance so important?
It is no longer a secret that a successful and less painful life in “capitalist countries” requires a certain amount of insurance for all occasions.
Without it, of course, it is possible to live, but it will be very “painful” in case of all sorts of unforeseen situations.
The main insurance that you need to buy or get immediately are: medical (general, eye. dental), car and renter’s liability insurance.
If you can drag out medical insurance for up to 2 months and not get fined for it, you cannot do that with car insurance or renters’ liability insurance.
You may not be able to rent an apartment/home where insurance is a requirement, or you may not be able to register your car without minimum insurance (the equivalent of MTPL), you may be fined for not having it or even have your license suspended, and some showrooms will not even allow you to leave without insurance on your newly purchased car.
WHY DO WE NEED LIFE INSURANCE?
Everyone makes plans for the future, sets goals and achieves them.
Many things in our lives require certain financial expenditures. Money is needed in everyday life – for groceries, big purchases – it improves the quality of life and protects us and our children.
And even if you don’t do extreme sports or work in a hazardous job, life insurance can help you save for big planned expenditures like mortgages, buying a car, or providing a raise for your retirement.
Life insurance becomes a guarantee that in a difficult or difficult life situation the family will not be left without financial support.
What does life insurance provide?
So, we’ve got the types of insurance, but what’s the bottom line?
A voluntary life and health insurance policy will give you:
1)Confidence in your family’s financial security;
2)Assistance in dealing with injuries and serious illnesses;
3)Financial support and care for your loved ones in case the worst happens;
4)The protection of your accumulated assets;
5)The security of money invested in endowment and investment insurance programs.
The question still arises – why insure life?
It is everyone’s personal choice to protect themselves and their loved ones, to provide confidence in the future, and to ensure stability. If we compare life insurance and car insurance, because cars are often insured, but life is not, although the consequences of accidents without life insurance can be much more terrible than an ordinary traffic accident, it no longer seems so “optional”. Take a responsible approach to this issue, and everything will change.
Remember the most important thing:
Study the contract and the insurer carefully;
For risk insurance, choose as the insured one who earns more, that is, the breadwinner;
In the UIW, it is sometimes better to specify the beneficiary children and loved ones, rather than yourself;
earlier – more profitable, start at 30 or 40 and get more benefits.
Life insurance – it’s a reliable safety cushion, piggy bank, and extra income. What to give to yourself and your family in the end is up to you.