Pillars of Investments , Pyramid no 1

Life & Health Insurance

Life insurance You will do anything for the ones you love.Thinking about why you need life insurance can be an emotional and stressful task. However, life insurance is one of the most responsible decisions you can make to help ensure that your spouse, children or other loved ones can continue to enjoy the quality of the life they deserve. Life is unpredictable. So it is important to ensure that your family and loved ones are taken care of financially in case something should happen to you. This is where life insurance comes in.It can provide some financial peace of mind if the worst were to happen. What is Life Insurance? Life insurance offers a way to replace the loss of income that occurs when someone dies. Life insurance is insurance for you and your family's peace of mind. With a life insurance policy in place, you can: Provide security to your family Protect your home mortgage, loans, credit card borrowings etc. Provide finance to your loved ones to achieve their goals in your absence Ensure that your family is able to maintain their lifestyle, no matter what happens Take care of your estate planning needs Look at other retirement saving/investment vehicles Health Insurance Although health insurance can not prevent a serious injury or illness, it can help you maintain financial stability. A serious injury, disability or critical illness can impact a person's emotional well-being and financial security. And while it can be difficult to think about these things, you will make a smart decision by planning for the unexpected now. Health insurance is required when an individual is ill or requires medical checkups. It can prevent the patient from being expected to pay out of pocket expenses towards medical bills because they do not have any health insurance. Without health insurance, one may even not be able to afford expensive medical services when needed. Health insurance can help you and your loved ones to maintain the same lifestyle. It can pay the bills, secure better health care and allow you to focus on what's important—recovery. Following are some of the benefits for why you should have a Health Insurance:- Helps protect your income - Disability Income Protection Insurance Provides a monthly benefit to help maintain financial stability while you recover from a disability. Long-Term Care Insurance Provides a daily benefit to help you offset the cost of care administered in a long-term care facility or at home. Critical Illness Insurance Provides a lump-sum payment to be used in case of contingency Hospital Cash Plan Provides a daily allowance to help you pay during your hospital stay