Sunday, November 30, 2008

Investment in the life insurance polices is a necessity for all.

By Todd Martin

Dear friends, we need to look for the new opportunities and use our intuition to get a sense of what we need and desire to accomplish in the coming days. We have to be patient and learn to go with the flow. We should take our own time in making decisions and we do not have to be impulsive or hurry things up while we are investing in any of the life insurance policies like term life insurance. We have to gain knowledge about all the life insurance policies beforehand if we are keen in investing in any one of them and only then we would we able to make up our mind in whatever we take up.

If we are passionate of whatever we are doing, then it is equally important that we take out some time to get or to buy some good policy for the safety of our family and their future. Whenever we are deciding to invest in any of the life insurance policy, then we can meet any agent of the same and he will guide us towards the right purchase of the policy which will actually fit into our budget. But while discussing with him/her we have to have freedom of thought and we should ask him all the questions which arise in our mind before investing in the particular policy. We can even express our ideas to them and then take the decision.

So whatever may the reasons be but the motive is one and that is investing in the life insurance policy and securing our selves. We were very young when we lost both our parents together in an accident. I was hardly 16 years old and my sister was younger to me and she was 13 years old. We were not financially protected because our father never had invested in any of the life insurance policy from where we could get benefit. Till I could reach the age of maturity or rather till I completed my 21 years I had to depend on my uncle who was the legal care taker and guardian of our property.

Though my father had made a legal will which I could get 50% of his property and the other 50% was my sister's. But we could make use of this money only when I could complete my 21 years and my sister 18 years. But unfortunately we had to struggle for money for nearly 6-7 years and we literally had to depend on my uncle for all our needs. This was really an embarrassing situation that we had to complete our education depending on our uncle.

Had my father invested in any of the life insurance policy like variable universal life insurance than to keep some amount of property on our name until we could not use till the matured period of time then we would not have to depend upon anyone for our education? If he had invested in any of the life insurance policies, then our education expenses could be easily covered by them. At that time both of us decided that once we settle in our lives, then we will not repeat the mistake and we will invest in any of the life insurance policies so that our children will not have to go through all which we had to go through in our life. - 16003

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