"The best love letter ever written is the life insurance policy for your wife"
December has been considered a season for the life insurance business. All insurers write the best business of the year in this one month. Why is it so?
Why do smart people buy life insurance in December?
There are 5 big reasons for this step. That's why these smart people wait for this month.
Let's discover this one by one.
1. Source of Constant Income
Smart people always know the true values of things around them. They know and believe that the best gift for your loved ones is the source of constant income. In financial products and plans, only life insurance is such plan which assures constant income to the family in the absence of the breadwinner.
2. New year Bonus from employer
The employers give away bonuses to their employees in December. Smart people save this bonus and buy life insurance. This will help them to pay their premium next year too in the same month. This is indeed a very smart strategy for saving.
3. Change in Income
As it has been discussed above the income slab of some employees gets changed in December so they take advantage of this rise and save the surplus money. Smart people keep their expenses as per their previous month's income which is no big issue as they have been living in the same income already.
4. New year brings New liabilities
It's a harsh reality that every new year gives birth to new changes in life and these changes may bring new liabilities e.g your kid may start his school in the coming year. You will have to start saving for his better and secure future.
5. Start of a family/ Getting married
Most of the young couples have planned to start their family life as the new year starts. So, it's a very wise move to start saving as you start a new life or get married. Once you have included life insurance premium in your utility bills it will be easy to arrange for it.
"Insurance premium is a bill which will pay all your bills in case of any mishap"
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