You're not the type to buy life insurance.So,to prove that person wrong,he went ahead and bought.
Are there certain types who buy and others who don't?
Yes.Those who don't buy fall into a few broad categories:
1) There are those who feel that they don't wish to leave behind a rich widow.Alternatively,they do not wish to leave behind "too much money" for their children so as not to "spoil" them.
2) There are those who feel that once they're dead they no longer have any responsibility for their family.
3) There are those who feel they are not likely to die soon so they would wait till they're much older when their chances have increased before thinking about getting life insurance.
4) There are those who like to compare policies and prices and never get around to buying.
Those who do buy usually have a strong sense of doing "the right thing" and wanting to do something good while they can."You cannot do a kindness too soon,for you never know how soon it will be too late."
Wednesday, October 17, 2007
Monday, October 15, 2007
SURE TO MAKE MONEY
Those who are good at calculating odds and chances recognise that life insurance is a "sure thing". This is how it sounds in betting lingo:
"Let's say the Life Company will guarantee, for a small monthly fee,that you will live to 100 years.
If you do,you win.You get back all the fees you've paid.
If you don't,you win.For the Life Company will be penalised and will pay 2 or 3 or even 10 more times than what you've paid to them."
The fact of the matter is that as long as a policyholder pays his premiums on time,in the even of death,the Sum Assured will always be much more than the premium paid.
"Let's say the Life Company will guarantee, for a small monthly fee,that you will live to 100 years.
If you do,you win.You get back all the fees you've paid.
If you don't,you win.For the Life Company will be penalised and will pay 2 or 3 or even 10 more times than what you've paid to them."
The fact of the matter is that as long as a policyholder pays his premiums on time,in the even of death,the Sum Assured will always be much more than the premium paid.
MORTGAGE PURPOSES
When a person buys a house, his happiness is overflowing. What can cloud it is that he may not survive the payment period and the house is re-possessed by the loan company to be re-sold in the market.
The smart thing to do obviously is to add a little more payment to the loan sum by including a Mortgage Reducing Term Assurance policy. If death occcurs, this policy pays up the remaining outstanding amounts to the loan and the widow and family get the house fully-pay up.
"Life insurance isn't an added obligation; it's the best means for meeting the obligations that you already have."
The smart thing to do obviously is to add a little more payment to the loan sum by including a Mortgage Reducing Term Assurance policy. If death occcurs, this policy pays up the remaining outstanding amounts to the loan and the widow and family get the house fully-pay up.
"Life insurance isn't an added obligation; it's the best means for meeting the obligations that you already have."
Subscribe to:
Posts (Atom)