Investing in a life insurance is one of the most important financial decision everyone should take.

Mainly because no one knows what the future holds. Lots of people died too early from illness or accident and, if you happen to be the sole breadwinner of the family and you encountered this illness, accident or worst premature death, it will have a devastating consequences to your loved ones - their ability to pay household expenses, debts and maintain their standard of living.

The best you can do, therefore is to secure your family's financial future by investing in a Life insurance policy.

Don’t thank me yet but I’ve made my researched and concluded 6 compelling reasons for you to invest in life insurance policy.

1. LIFE INSURANCE WILL LOOK AFTER YOUR LOVED ONES EVEN AFTER YOU'RE GONE: This is the very core of Life Insurance, even after you’re gone you’re Family or dependents will be able to recover financially. Whether it's for replacing lost income, paying for your child's education or making sure your family get the much-needed financial security, life insurance could save the day for your love ones. All of us want to give the best for our love ones even after we’re gone.

2. LIFE INSURANCE WILL HELP ACHIEVE LONG-TERM GOALS: It’s a vehicle for you to achieve your long term goal that will require big amount such as: Buying a home, Cars, Wedding, Vacations, Educational Plan or for your retirement plan. There are many ways that your investment be customized base on your goals.

3. LIFE INSURANCE WILL SUPPLEMENT YOUR RETIREMENT GOALS: Who wouldn't want their retirement savings to last until they do? With a life insurance plan, you can ensure you have a regular stream of income every month. Having it designed like a pension plan- put in some money regularly in a life insurance product and enjoy a steady income every month even after retirement.

4. LIFE INSURANCE CAN HELP YOUR BUSINESS: In the event an owner, partner or key employee dies, life insurance can ensure business can continue. With Life Insurance there the financial standing of the business and the future of the company will be protected. If a partner, owner or key employee is suddenly gone, the business can deteriorate very quickly. With the right insurance in place, the surviving business partners will have enough capital to keep the business going.

5. LIFE INSURANCE FOR ESTATE PLANNING: The Death Benefit/ Sum Assured in Life Insurance can be used to pay for the Estate Tax. With Life Insurance your Testamentary trust will be executed without any interruption from unpaid tax to the Government. You can go straight to heaven at peace knowing that your assets are in the hands of your love ones.

6. LIFE INSURANCE IS A TOOL FOR FORCED SAVINGS: If you choose a traditional or unit-liked policy, you pay a premium each month, which is higher than what it costs to insure you. This bit of extra money is invested and it accrues cash value. This cash can then be borrowed against the policy or you can choose to sell it or draw income from it.

Life Insurance is not just for you; Life Insurance is also for your love ones. Now that you’ve realized how Life Insurance can help you and your love ones in many ways do not hesitate to make your own research and start investing on it.

By Danica Esguerra Masangcay I January 8, 2018

To help you gain more understanding about Life Insurance and how you can invest on it feel free to drop me a message. ;)