If there anything you can be certain of, it is that life is completely uncertain! Hence, taking term insurance makes financial sense in the face of future pitfalls.
Life changes in the blink of an eye. One moment is happy and peaceful in the presence of loved ones, the next moment life is torn apart by an unexpected mishap. Besides, life has a way of lulling one into a sense of false security. We believe that because today was a great day, tomorrow will also be equally good and without problems.
If only life followed such a predictable graph. Its only predictability is in the cycle of events it lays out for us – growing up from childhood, getting a job, shouldering the responsibilities of the family, raising children and finally enjoying retirement. It is a given that this life cycle must necessarily take place in this order. But what happens when an incident occurs to disrupt this picture of bliss?
An unexpected serious disease diagnosed…a stroke suffered at work…a disabling injury sustained in the gym…a natural catastrophe wiping out the home…calamities have a way of showing up in a way that they overturn the natural rhythms of life. The problems are compounded when the earning member of the family is unable to work or worse, passes on. The family is left behind to pick up the pieces and try to get on without a regular income. This can become a daunting task, since high living costs and rising inflation take a toll on whatever savings there are left after the family member has passed on.
There is no way to predict what horrors the future will bring. But there is a way to mitigate the repercussions of a tragedy. Taking term insurance plans can go a long way in safeguarding the interests and dreams of the family in case on an unexpected tragedy.
Online term insurance is the best way to ensure that our loved ones are kept away from the pitfalls of financial insecurity. The term plan is taken online in a matter of minutes, and since it is purchased directly from the insurer, the premiums are lower than their offline counterparts. The term insurance ensures that the immediate beneficiaries receive the lump sum coverage amount on the unfortunate demise of the policyholder. This money can be used for a range of purposes, from daily household running costs to financing children’s education and to repaying unpaid debts.
The online term plan helps negate the consequences of future mishaps resulting in financial uncertainty. Your loved ones need not depend on outside support, nor do they need to suspend their dreams due to a lack of finances. The plan is also an excellent way for you to finance your family’s future – since the premiums paid on term plans are affordable, you can plan for the future starting from today without compromising on your other spends.
You can easily take online term insurance in a matter of minutes after calculating your premium payment using a term plan calculator.