Ask the right questions to get the right life insurance
What is my financial goal?
The first question that you need to get an answer to while choosing your insurance plan should be your financial goal. You need to know the purpose of your insurance plan. Your objective could be protection or financial security, saving for your children’s education, retirement, ownership of some valuable assets, or even for your daughter’s marriage. Having your insurance need identified will enable you to move on to the next step.
How much am I willing to spend?
Deciding on why you are opting for a certain type of insurance plan is not enough. You also need to evaluate the quantum that you are willing to spend in the form of premium, towards this insurance plan. You must ensure that this decision is taken wisely so that it doesn’t pinch your pocket in the long run and can be sustained over the full term of the policy.
How long am I willing to stay invested?
The decision regarding how long you are willing to invest is based on your financial goal. The decision on the investment horizon or the time frame needs to be taken
Be the first to comment.