Some [Financial] Safety & Security, Please (4)

The thing about life insurance is that its common objective is that while you are still working to make a living for you and you family, you can already safeguard the financial storm that can bring about in an individual in case of death and disability, accident or critical illness. While making sure the surviving family members live on and sustain the standard of living after the loss. At the same time, it can provide you with the funds necessary during your later years when your children are all grown up and you start to lean towards retirement

Eventually, as you grow older, the need for life insurance may lessen as your responsibilities have declined once your children are all grown up, having families of their own and planning for their respective families. Unless you are really financially free by the time you hit your desired retirement age, then you are left with no choice but to strive hard and continue to work.


Regardless of sex, race, socio-economic status and occupation, another purpose why life insurance can be of great benefit to people is...

2. Investment

A friend of mine would describe life insurance as "buying money you cannot afford yet". It is a financial instrument that pays you out with a lump sum amount to you or your beneficiaries in case of accident, disability, or even death. Imagine contributing only a little amount from your income on a regular basis and you receive a large chunk of money in case of unforeseen event. Talk about an investment like no other!


Consider life insurance as a savings and investment plan for you. The reason why some people think life insurance is such a burden is:

• they do not see it as an opportunity to protect themselves and their families financially. 
• they also think it as an expense that they have to continue to pay for a particular period of time and do not really know what they are paying for in the first place. 
• they think they would not benefit anything in cash value from continuously paying premiums except their beneficiaries when they pass away.

Allow me to dissect this burden:

They don't see it as an opportunity to protect themselves

Normally, opportunities arise when you start to focus on one thing that you so wanted to have. However, there are some cases when it takes pain and a long realization to conclude that it is indeed an opportunity.

Life insurance is just one of them.

For most of the people I've known, met and read upon, I have realized that the value of life insurance can have a long term impact on the lives of the policyholders and their beneficiaries. They tend to start sharing stories about how a relative's policy saved them from a financial collapse - like when tuition fees are due, houses about to be foreclosed, insufficient funds to pay up the hospital and funeral expenses. And then there are those that weren't able to keep up with the loss of a loved one financially - the opposite of my examples are good enough to justify this case.

Friend, do you think it takes pain for you to realize its value? While you are still able, healthy and fully alive in this world, providing for yourself and your family, it is never too late to be open on the investment opportunity to protect you and your family.

It is an expense that they have to continue to pay

Think of investing in life insurance as a savings component of your financial planning (if you're not planning financially, good luck with that. You might not like the planning if someone else does it for you.)

Is it that hard to think? You might think for now it is not, but really, it is that hard.

Remember the last time you saved for a long time to buy your dream watch, or car, or your vacation? How long did that take you? What expenses did you sacrifice so you can afford it? How much were you saving diligently to make your dream a reality?

If saving for short or medium term material satisfaction on a regular basis is not that bad and effective for you, why not go for a long-term investment that may not necessarily translate to material possessions or the vacation you promised your family, but something that can benefit you and your family financially, even with the passing of the storm in your life.

Avoid the idea that you are paying for life insurance; you are just making it a burden and an expense that you tally on your monthly expenses account. Treat it as an asset that you continually invest because life insurance is not just about protecting the ones you love; because you love them, it is about time you give back to them once your time here is up.

They think they would not benefit anything in cash value

There is that common belief that the insured amount is only received by the beneficiaries once the policyholder dies. It could be true for most cases, but most life insurance plans actually give out cash benefits depending on the plan that you invested on.


In some cases, when your policy has matured, the company may give out a certain cash value relevant to your policy. Others give out dividends, wherein a company decides to share profits to its policyholders who are entitled to the benefit. Educational cash funds are given away to the policyholders when the insured (usually the son or daughter) reaches a particular age.


Then comes unit-linked protection plans. The life insurance plus investment plan in one.


Considered to be one of the more recommended plans if you wish to reap two benefits in one (a life insurance coverage and an investment component), these plans are those that you can actually enjoy while you are still living. With the life insurance, you are protected while you build the wealth you accumulate with the plan. Remember, wealth is built in years, probably decades, so think long-term; you never know what could happen along the way. With the investment component, depending on market conditions and the amount regularly invested, your road to achieving long term goals may be a little shorter than the usual.

Take life insurance as an investment. An investment for you. An investment for your goals. An investment for your family. Where's the burden in saving and investing for it when you know it gives you a benefit like no other?

P.S. If you want to know more about the plans and services which I can provide for you to secure your family and provide a bright future by making your money grow and work harder, visit the Investment Plans tab above or just click HERE. It is never too late to make that next step in building a solid financial foundation on the road to wealth.