Why do you think the insurance is important for you? Why do you have to buy it? The average insurance premium every month is $ 321. That means $3852 per year. So, if you ran an insurance policy for 20 years, you end up paying $77,040 to the insurance company. How much you get after maturity? About $92,448. How is this useful?
Ever since you stated processing the world around you ,you must have heard your parents talking about finances. They talk about the mortgage, insurance, government benefits, taxes and what not. Few things are recurring, which happen every year like taxes, educational expenses, few things which are usually once or twice a lifetime like life insurance, few things are monthly, like car loan, mortgage and few things are weekly like the wages.
Why are they so complex? Why can’t we just settle them once and get rid of it. Well, everyone is trying to get a hold of it but they have not been able to. People have always wanted to get rid of this circle of life where they earn just to spend. Spend not on themselves but on the things which they may not use in near future, like insurance.
80% of the well paid insurance policies read it’s maturity and insurance company ends up earning a lot of profit from people, from us. In this land of opportunity where we live, the only people who get benefited are the people who have a lot of money.
Having an insurance not only saves money for you at a longer run but it saves tax as well. Every year IRS determines how much you have saves in insurance and a part of you is given to you as refund. This is just a small picture of it. Having an insurance keeps you secure.
Think about this, why do you have a car insurance? So that you do not get into a crisis if their is an accident. Similarly, if something happens to you, you lose an important organ or meet death, a policy keeps your family secure in terms of finances.
Health policy plays an important role in today’s world. Health policy keeps you secure and protected in case of a medical emergency. Health facilities, hospitals are very expensive these days. Having a health insurance not only ensures you get a cashless treatment so that you do not have to worry about paying them, also it takes care of the fact that you get treated in best in class hospitals.
This is something we all should be considering. It is not just a technique by which these companies earn. Yes, they earn a lot from us. But we also get benefited with this whenever required. No one knows when they will fall sick or hot by a tornado. If you have a policy handy, you are always prepared for any crisis.
This is why our government promotes these health & policies so much. We should also not be hesitant about this and should always keep ourselves protected with various policies which we can find online or offline. Do reach back to us if you need any assistance about this.
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