Single people need life insurance too. #LifeInsurance covers:
Credit card debt
So that your family doesn't have to.
Not many people realize how important it is to have a proper retirement planning strategy. You see, by the time most people come to such a realization, they are usually too late and miss out on the many OPPORTUNITIES that would have given them financial stability and peace of mind in their later years!
Hence starting somewhere is always BETTER than not starting at all!
Have you started your own retirement planning journey? If not, speak to an advisor to understand more about it. 😊
DONT READ IF YOU THINK YOUR FAMILY IS FULLY PROTECTED
Is your family fully protected? A simple question ❓❓
On a daily basis I speak to mothers and fathers who have zero cover in place for themselves or more importantly their family. It scares me and what scares me even more is that they think everything will be OK without it.
Unless you have:
- Cover for death
- Cover for cancer, heart attack, stroke
- Cover for accident and illness
- A will to protect
THEN unfortunately you can't say your family are fully protected.
This month FOR ANY insurance policy taken out you get a free will with it! Meaning you can save alot on money and ensure your family is fully protected.
Full disclosure... I don’t actually fish. As an insurance broker I do take my job seriously so please don’t judge me by my casting abilities!
12 1153 June, 2020
What are Benefits of financial planning ?
There are numerous practical benefits to financial planning. It helps you to:
1. Increase your savings -
It may be possible to save money without having a financial plan. But it may not be the most efficient way to go about it. When you create a financial plan, you get a good deal of insight into your income and expenses.
2.Enjoy a better standard of living-
Most people assume that they would have to sacrifice their standard of living if their monthly bills and EMI repayments are to be addressed. On the contrary, with a good financial plan, you would not need to compromise your lifestyle.
3. Be prepared for emergencies-
Creating an emergency fund is a critical aspect of financial planning. Here, you need to ensure that you have a fund that is equal to at least 6 months of your monthly salary. This way, you don’t have to worry about procuring funds in case of a family emergency or a job loss.
4. Attain peace of mind-
With adequate funds at hand, you can cover your monthly expenses, invest for your future goals and splurge a little for yourself and your family, without worry. Financial planning helps you manage your money efficiently and enjoy peace of mind. Don’t worry if you have not yet reached this stage.