The history of life insurance is much more older and more colorful than what you think. It is actually very fascinating. Insurance is a form of risk management. It is the loss of one shared by many . Life insurance was born out of necessity and was probably the brainchild of one wise and humane person or persons. The rich and colorful history of life insurance can be traced back to ancient Rome . Once upon a time…
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“Planning for retirement is like planning for a trip. It is easier to plan for the journey if you know your starting point. …………. It helps determine the ongoing strategy for saving and protection,” says Russ Blahetka, CFP®, managing director, Vestnomics Wealth Management, Campbell, Calif. Saving for retirement successfully Who doesn’t have a retirement dream? Yours may be as simple as sleeping late or pursuing your hobbies like gardening or cooking, or as daring as jumping out of a plane at age…
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Why Do We Need Insurance Death is certain – only the time, place and manner of death is uncertain and unknown. In this scenario, you cannot not afford to have life insurance. Life insurance is a must for all of us. It should be our first investment with our first earnings. It is an investment which offers you protection and peace of mind in the form of a Death Benefit paid out to your nominee in case of the unspeakable…
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Financial planning is the planning of your finances in the right way with some judicious budgeting and investment thrown into the mix. Easy in theory but very difficult to implement !! Most of us ( about 90% or more ) do not have a clear picture of our income, spending and saving. Moreover, we do not have clear well defined financial goals. We think we are financially wise but in truth, our spending habits are scattered and all over the…
Save While You Spend – But How ?? Your salary comes in the first week of the month and you are elated to see the spike in your bank balance 🙂 You rush to the nearest mall, purchase your household groceries for the month and while you are there you decide to watch the latest hit movie playing in multiplex there. Thereafter, you decide to eat at the newly opened restaurant in the food court while your kids play…
Term Insurance Plans offer insurance cover for a specified term. It is a plan which gives you maximum coverage with minimum premium payment. It is the cheapest form of Life Insurance Plan. Everybody should purchase a term plan for the financial security of their family members. In the eventuality of your unexpected death, it will replace your income and provide financial stability to your family. How to select term Plans A lot of factors are involved in selecting…
Why Women Need Life Insurance World over, women in the family are always seen as the ones who have to make sacrifices. In India this is more so. Women put themselves last. They keep making way and smoothening the path of the other family members. Contribution of women in Indian society has come a long way. They now shoulder the financial responsibilities of the family also and wonderfully manage their careers. Women today are taking up leading roles in finance…
Here’s Why You Rock Gen Next parents (just like the generation before them and the generation before that) are trying to raise compassionate, kind and creative and wholesome little ones. You are moms and dads who are highly hands on in their kids’ lives and well-being. As parents you are so involved in making a positive and present impact on your children’s lives. You sacrifice personal time (those daily bed time tales and pick up and drop to various classes…
We all grapple with our conscience when the time comes to decide on life insurance. Many valid excuses ( seem valid and real to us and in our minds definitely ! ) come to us. We justify our negligent attitude towards life insurance. Read on to understand that these are just myths and excuses. 10 Myths about Life Insurance Busted #1. It is Complicated and Time Consuming There are so many insurance companies and so many insurance…
Ponder On This You are born. You grow older every year. You pass from childhood into adulthood. You do not know where your first earnings are going to come from. You do not know when and to whom you are going to get married to. When you do get married you do not know if you will have a boy or girl child. You also do not know how you will age. You hope you will lead a happy healthy…