More Wealth, Less Worries!
Blog Title
908 |
9/17/18 3:48 AM |
We are all aware that the financial security of our families is one of our foremost financial requirements. We are now in the era of new-age unit-linked insurance plans (ULIP) which not only provide financial protection to your family in your absence but also provide a host of living benefits.
It provides financial benefits even as the policyholder is still alive and helps them meet their important life goals such as child’s higher education, worry-free retirement or other investment plans. It is best for long-term financial goals. If one plans and invests early in a well-organized manner, he/she will have fewer worries about finances not just post retirement but also during the working years.
ULIP is a life insurance product that provides insurance along with investment. Investment is offered in a variety of qualified investments such as stocks and mutual funds. ULIP has an edge over traditional insurance policies as it provides the policyholder with the advantage of flexibility; you can switch between different funds.
Based on your risk appetite you can switch between debt funds to equity funds. It is important to assess your needs and requirements before making a decision. ULIPs are highly beneficial to people who wish to invest money for a relatively long period of time.
Instead of managing two accounts with different financial products serving two different purposes, why not combine them into a ULIP, where you get a return on investment with tax exemption along with a life cover. Let us find out how one can avail living benefits by investing in ULIP insurance plan.
Undoubtedly, with its combined benefits of wealth protection, value appreciation, strategic flexibility, and tax savings, ULIP is a house full of living benefits where you can accumulate more wealth with fewer worries.