When is the best time to buy Life Insurance?
? Dr Sanjay Tolani ? Future Financial Advisor
??Board Member - Tolani Family Office | Tiger 21 Member | Inter-Generational Planner | Financial Structure Innovator | Philanthropist | Author of 13 Financial Books | Mentor To Over 100K Professionals??
So one of the most important questions asked about Life Insurance is...
WHEN IS THE BEST TIME TO BUY INSURANCE?
I mean, would it not make sense to invest the money in Hard Assets instead? Hard Assets give you higher returns...don't they?
Well, to get maximum return out of a Life Insurance policy, ensure you buy it "1 DAY before you die"; it would generate the maximum return; no asset class can match that rate of return. ?#?LOL?
But then that rises a bigger question... Which day is that??? Unfortunately, not all of us know (some claim to know) when that day is. So the best day to buy Insurance was "YESTERDAY", as our last day could be today.
Question: Do you want the same regret tomorrow? "I wish i had insurance yesterday"
"NOW" is when you have the power to protect your hard earned wealth and income.
Your delay... Your Loss...
If you want to know "How much is enough?" you can read more in "28000 - Make Every Day Count"
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Office Management at Tata
9 年When you have excess money / disposable income ? :)