As the name suggests Life Insurance is basically a way to protect
your family by substituting your income generating ability, in case of
your death. All the financial planning would be a waste if you are not
around to execute the plan. Insurance steps in to address any such
eventuality.
In our country people normally buy life insurance products as a tax saver, an investment and a life cover. Though a good insurance product meets all the three benefits but the order of purpose of buying insurance is wrong. Ideally the sequence of buying insurance should be Life cover first, Investment second and lastly tax benefits.http://www.myallagents.com/LIFE-INSURANCE-A-convenient-tool-to-secure-future-and-build-wealth/details.html
In our country people normally buy life insurance products as a tax saver, an investment and a life cover. Though a good insurance product meets all the three benefits but the order of purpose of buying insurance is wrong. Ideally the sequence of buying insurance should be Life cover first, Investment second and lastly tax benefits.http://www.myallagents.com/LIFE-INSURANCE-A-convenient-tool-to-secure-future-and-build-wealth/details.html
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