WHY PEOPLE SAVE AND INVEST

“IF YOU BUY A POLICY NOW, YOU CAN SAY TO YOUR BOY SON, WHEN I’M 65 YOU’LL PROBABLE HEAR ME KNOCKING AT YOUR DOOR. BUT DON’T GET

WORRIED. IT WILL BE FOR A WEEKEND, NOT A         LIFETIME”

WHY PEOPLE SAVE AND INVEST

Most people (individuals) save and invest for these four major reasons:

1. To provide income for dependents (family) in case of death.
2. To provide income for old age (Retirement).
3. To provide income and reserves in case of disability.
4. To provide cash for emergencies or for business or investment opportunities.

While no two families have identical problems upon the death of a spouse or parent. All families have these general needs.

1. Cash requirements and income requirement

Immediate cash requirements.

1. A fund for final expenses
2. Hospital bills
3. Funeral expenses
4. Normal house hold bills
   
   
5. Monthly installment
6. Cost of administering and probating the estate
7. Education funds
8. Taxes
9. Credit card payment
10. And many others

“Since no person can foretell the date of death or disability a sound family protection plan must be taken instantly”

About the author: Kertar Singh has joint Great Eastern Life Assurance in August 1995 as a part time agent.

Became a full time agent in 2000 after retiring from the army after 22 years.

He deal with all kind of Insurance from Life Insurances to General Insurances and Will Writing.

Kertar.en@gmail.com

H.P 013-322 8582 

Notes : Reference have been made from MII and Gela.