02/07/2020
Good morning ladies and gentlemen.
I wish to introduce to you something that is of more important in your life.
Please read everything below and I will be more than ready to answer each and every question of yours you wanted to ask me.
ICEA life insurance
policies/products.
Choose the Right Product - Wealth Protection
What product is right for you?
How To Choose The Right Wealth Protection Product
Why do you go to work everyday? If you’re the main breadwinner, maybe it’s because you want to be able to afford a decent quality of life for your family? Or perhaps you want to raise your children in a home with a garden, or want to be able to afford quality medical cover should your family need it? Then there’s the cost of children’s education that’s a priority for many people too. Beyond the here and now, many people also put some of their income away into retirement savings, so that they’re financially secure in their later years.
No matter why you work, it’s important to protect your income in case your earning capacity is affected. Things like falling ill, becoming disabled or passing away can happen at any time – and in these cases, you’d want your family to be financially protected.
But which life assurance product should you choose? It all depends on the life stage you’re in. Here’s our round up of the different wealth protection products that suit you different life stages:
Your Early Twenties.
Compared to any other life stage, there may not be many demanding pressures on your cash when you’re this age. You probably don’t have kids you may still live with your parents, or perhaps you rent a small flat that’s perfect for your single lifestyle. But while your expenses may not be high, you may not have a high earning capacity yet – which means there won’t be much left over at the end of the month
Think about getting
Triple pay back policy.
Why? Even though we don’t know where life is going to take us, we need to make provisions for the future. This product pays out 20% of the sum assured (the guaranteed payout amount) twice within the term of the policy. For instance, on a 10-year policy you would receive a 20% payout in year 3, and another 20% payout
