Having enjoyed your carefree 20s and your slightly less carefree 30s, the current decade will now be bringing home the importance of financial planning and the part that life insurance plays in it. This is the age in which financial obligations are not only at their peak but also giving you a massive headache, especially considering the fact that you’re already half way done with your working years. The looming personal loans and the retirement years make it vital that your savings not only compound but also ensure you have a stress-free future ahead of you.
Most people already have an investment portfolio with a few insurance covers littering it. If you are one of those people, it is time to start reviewing them based on current prices and the rate of inflation. But if you are a procrastinator, then considering a life insurance policy now is extremely vital to your financial planning.
Why life insurance and why now?
At this stage in your career, you may be earning quite well, but your expenses and life style probably match it. This is the time to start thinking about long-term finances that not only benefit your family but also take into account your post-retirement years. There are quite a number of factors that determine the need for a life cover:
What kind of life insurance should I opt for?
Mr. Tripathy joined HDFC Life in 2004 and has been responsible for Marketing Strategy, Brand Planning, Advertising, Communication & Media, Customer Insights, New Product Development, Product Life Cycle Management, Online and Digital Strategy, E-Commerce, Customer Analytics, & Corporate communication. He started his career with GCMMF Ltd. in 1992. Since then he has worked with various reputed organizations like Frito-Lay (PepsiCo), Mattel and Reliance Infocomm before moving on to his current role at HDFC Life.View Complete Profile
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