investment and insurance

"You may be delayed but never denied." — Raj Deoraj

Calculating how much LIFE INSURANCE you need can get a little overpowering. Truth be told, it is not that difficult. All you need is a full assessment of your financial statements to consider the expenses and predict what ongoing income your family needs if you wouldn’t be around.

If you are asking yourself ‘How much Life Insurance do I need?’ I’ve got you covered.

You and I, will look into the cover type and figure the level of life insurance you need, finding you policy that fits you.

How do I get started?

FNA is an easy process, because it is personalized as per your requirement. I shall begin the process as soon as you provide me with these documents, which will help me generate your current financial position.

Choosing the best policy for you.

Working over 3 decades, I have finally come to knowledge on how money works. Insurance companies lure people into marketing cash value insurance policies for higher profits vs adequate term insurance as per your need.

Let me help you work out the best options for your position. After we stand clear on your financial statements, I’ll present you with an estimate of how much you would pay for your selected coverage plan and on what basis, giving you full access on your cover level and helping you to make an informed decision.

If you still feel confused or stuck, I will help you through it. Contact me and I will conduct a full detailed analysis to arrive at a cover level that’s right for you.

One of the main reasons why you need Life insurance is if you have people who depend on your income, or you have debt that needs to be paid by your family once you’re gone. It is indeed a big life style change and considering Life Insurance could be a wise option.

It protects your family.

First and foremost, you’ll need to consider the term (duration of the insurance) you want for your policy for and how much you can pay as premiums according to your financial situation.

I offer Term Life Insurance policies, where the need for protection is greatest with flexibility to buy suitable level of coverage. You have the right to scale your cover the way you need to, with the changes in your life.

As clear as its name, term insurance provides protection for a specific period of time. At the end of the term, the policyholder (you) has a chance to review and decide the continuance for another term. If you continue to renew your term, your premiums will stay same. Alternatively, if you wish to buy another term policy later, premiums will be recalculated and may be higher.

Payment of your premiums will determine your term policy, so it is important to consider how much you can afford to pay. Usually payments are to be made fortnightly, monthly, bi-annually or annually. Higher coverage amount usually means higher premiums and vice-versa.

If you’re young, I would recommend you to start on with a policy so that you can enjoy lower premiums –with a budget conscious mind!

Technically, it is a needs-based analysis. Simply put into words, it is by taking stock of everything you pay for, or need to pay for in the future.

Factors for consideration-

1. money owed – mortgage, loans, outstanding credit, student loans etc
2. contingency costing – funeral, medical, legal.
3. ongoing income needed for the family to have a fulfilling life after your demise.

Death is the toughest phase a family has to go through. By adequately insuring your life, you can sleep peacefully knowing your family will be in a position to carry on financially unaffected in your absence.

Need more information?

I’m here to help. You can book a time to speak with me.