Life Insurance - Purpose, The Secret And Some Food For Thought

1. Insurance Fundamentals
Part - III
Life Insurance – Purpose, The Secret and Some Food
For Thought

2. Life Insurance
You’ve always heard and known that it is important to have life insurance.
But have never really delved into the reasons.
Insurance or Life Insurance is taken to protect yourself and your families
from the unforeseen circumstances that can lead to a financial crunch.
You generally consider to buy insurance when you know about the
occurrence of an event, eg. you plan to buy insurance when you get
married or have a child. These are events that you know of; the cost of
which you know can be borne by you with no difficulty.
But, what about the events that just happen, the probability of
whose occurrence is almost negligible to us; and the recovering amount of
the damage is huge.

3. The Secret
This is the secret to know how much to invest in which
insurance cover:
The Risk to a certain event and its financial impact are
inversely related to each other.
For example, you insure an asset, thinking that someday it will
get damaged. The cost to insure this asset is high and the claim
will be less.
What about your life? The cost of insuring it is less and the
financial impact of death is well priceless…

4. Food For Thought…
You spend your time and money making assets, which will you will
lose in the event of death, disability or major illness.
Australians are saving about 10% of their income. But, without an
income protection cover, these savings would be flooded 10 times
faster than they were saved.
You have been working for long to make your business profitable.
But, how long would the business continue if you were totally and
permanently disabled?
Act Now!

5. Call Insurance is an insurance provider that offers
insurance plans for Australia.
The insurance plans are flexible and can be tailored
per your needs.
Visit www.callinsurance.com.au for more.
You can also contact us directly.
Call us at 1300 073 305; write to us at admin@callinsurance.com.au