You set out with great excitement, and enjoy the scenery of life's journey, and get to know many people in life.But like any journey, sometimes you may encounter unexpected storms. Life insurance is like a super umbrella for you, giving you and your family shelter when the storm hits. Life insurance is like a "Resurrection Card" in a video game. While it doesn't stop the "monsters" in the game from attacking (such as illnesses and accidents), it ensures that if you "lose your life" in the game, it won't be game over for your family.
Just as you wouldn't buy an umbrella after it rains, you shouldn't wait until a risk arises to consider life insurance. It's a "rainy day" strategy. With life insurance, you can ensure that your family's financial security is not compromised, even in the worst-case scenario.
Life insurance is Just like measuring your height and weight before customising a suit, you first need to assess your financial situation and family responsibilities before choosing life insurance. This includes your annual income, liabilities (e.g., mortgage, car loan), household expenses (e.g., children's education fees, daily living expenses), and future financial plans. This step helps determine how much coverage you need to ensure that if the unthinkable were to happen, your family would still be able to maintain its current standard of living and would not be under financial stress. Choosing life insurance is like choosing between renting and buying a car. There are two main options here: term life insurance and whole life insurance. It's like renting a car. This type of insurance usually costs less and is suitable for people with limited budgets or who only need insurance coverage for a specific period.
When choosing life insurance, just confirm your personal and family needs. After all, you can't have two people with the same background and experience, so you need to consult first. This is as important as consulting a professional tailor for advice before deciding on the fabric and style of a bespoke suit. Remembering to read the fine print before signing any insurance contract is as important as checking the menu before ordering a takeaway. Find out what risks are covered by your insurance and under what circumstances you may not be able to receive compensation.
It's just as important to regularly check and update your insurance to make sure it always meets your needs as it is to regularly check your car. Life insurance may sound a little heavy, but it's a positive way to prepare for the future and care deeply for your family. Just like we always have umbrellas ready for sudden rainstorms, life insurance is also meant to give us and our families the necessary protection during the storms of life. So, let's plan wisely to ensure that even in the worst-case scenario, our family members will have a safe "haven".
