If you're finding it difficult to decide between insurance and investment, good news: you can have both in a single plan. Here's how you can thrive and make every day better with the right one
Making any major expense during a pandemic seems unthinkable, or is usually done with much thinking. And for a good reason—we would want to be smart about our expenses during this "new normal" phase. Investing in a financial safety net, however, might be one of the best moves to make at this time. If you're finding it difficult to decide between , good news: you can have both in a single plan. Here's how you can thrive and make every day better with the right one.
Keeping up with changing times requires making some changes within ourselves, too. Whether it's small habits you've always wanted to change, lifestyle decisions you want to revamp, or a shift in perspective—all these can help you live every day. One of the first things you should consider is how you spend your earnings. Do you feel financially secure, and protected in case unforeseen events or expenses come along? It might be time to consider investing in a that gives you the kind of protection you need so you can fully embrace life. Here's why.
Investing early pays off. If you just started working or saving up, you might think you're too young to invest in life insurance. On the contrary, getting life insurance in your early twenties is one of the best gifts you can give yourself because the insurance premium is relatively cheaper while you are still young, and you get more financial freedom at an early age. There are affordable plans out there that let you choose from several ways to invest, and in more than one currency at that.
You don't have to be committed to a single plan forever. One of the apprehensions that you might have is that you don't feel ready for a lifelong investment yet. Luckily, there are ways for you to get protection coverage when you need it, and at flexible terms that allow you to renew every year or every few years.
You can get protection for your family too. Getting protection and life insurance for your loved ones who might not be able to get this for themselves is one of the best ways to show them that you love them. You can also pay for this in terms that are as flexible as the one you might choose for yourself.
You can still enjoy your money when you need it. Channeling your funds through life insurance and protection plans doesn't mean your earnings will be locked away forever. There are different types of plan options where you can access your earnings through partial withdrawals when you need it. There are even ways for you to earn extra income or reinvest.
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