I have no good rating about the Insurance companies in India. Here what is situation I don't know, but why should one go for Life Insurance?
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Torontian Desi
Hey if u think u dont have any risk for ur life then u might not need 1. But living in Canada u better have 1. Pls dont compare LIC to Canadian insurance companies if u have a claim its fast atleat in 95% of the case in Canada, so pls dont hesitate to take 1.
chao
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Dude
Location: Toronto (Well Markham but
Posted on: 06-10-03 22:14:54
There are many reasons. The most basic is to protect your family, and guarantee them the life you came here to create. But beyond that there are other things to consider.
Depending on the type life Insurance allows you to save sums of money tax free, safely, and creditor protected. It gives you the opportunity in the future to use it to create credit, and provides you with something that no one can touch, or take away from you. It is the only instrument safe from legal challenge and a contract which you totally control once its presented to you.
It's a very powerful tool and the foundation of a financial plan. If you are searching for Financial Independance here, you have to understand and utilize the insurance legislation in place.
Also there are many advisors out there, but very few will help you make your life insurance do what it should.
GOod Luck!
Feel free to email or post any more questions.
