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Why you need to get life insurance
• Security - The first and most important financial assurance of the family after death. None of us can see the future, there are many deaths at the beginning of each year. It is your responsibility and obligation to ensure that your loved ones are completely safe even if you are not around. An insurance plan can provide this security in various areas, such as fees for your child, instead of lost income if you are not around.
• Help to achieve future goals - When planning or setting goals, you need to calculate the amount needed to achieve that goal. An insurance contract can provide financing coverage even in the most unhappy circumstances.
• Retirement Objectives - Life insurance can confirm the remaining monthly recurring income. When you regularly invest in a plan, the specified benefits are guaranteed even after retirement. We can not guarantee that everyone sends a longer work life because there are many threats and problems like diseases that can happen to anyone and the saturation level of the company. A person's retirement may be during that person's service period. Therefore, it is very important to accumulate a large amount of funds over the life of the employer so that you can enjoy the benefits of retirement in a timely manner. Pension spending helps to achieve this.
• Tax deductions - Many tax benefits can be earned by purchasing an insurance policy such as a maturity benefit that is not taxed according to Article 10 (10D). Also, the income tax act in 1961.
Therefore, you will find that there are many advantages of purchasing life insurance contracts to provide security and also for investment and savings. That's why it might be a good choice to think that it will be around an early age.
