‘Life is what happens when you are busy making other plans’, said John Lennon, a member of the Beatles band years ago. What he said then is as true today as it was then. In fact, more so because of the unpredictable pace at which life moves along. In such a scenario, it becomes imperative that we make plans to cover those plans that have come unstuck because life has made other plans.
Let’s say, you have a job; a decent paying one which allows you to buy a house and a car on instalments. Cool! You also have a nice little family and your life seems picture perfect today.
Now, just imagine if all this gets derailed when you are laid off from your job or you suffer a critical illness that doesn’t allow you to work anymore or worse still, if you pass away. All of these undesirable events would put paid to all your future plans and your picture perfect life will come apart at the seams.
Life insurance comes handy
This is where life insurance comes handy. Simply put, life insurance ensures that you have the reassurance of not having to face financial troubles in the event of an undesirable situation. Being well prepared is being well armed. Events like death, illness etc can occur anytime and it’s prudent that one is prepared for it.
Life insurance is basically preparing oneself to face an uncertain event with certainty and financial support.