Accidents happen. Life changes when you least expect it.
One major incident could jeopardize your whole future planning, and it takes a lot of time to come out of it.
There is nothing much you can do about it - except protecting your family against the repercussions. You would want things to get back to normal, atleast financially, as soon as possible.
Despite this, Insurance as a product is not bought by customers, but "sold" to customer in the market. There is also a tendency to prefer products which combine protection with investment, so that one gets the assurance of something tangible at the end.
What we don't realize, is that such an insurance product could be a far more expensive one. Protection and Investment are separate needs - and should be dealt as separately.!
A good contingency plan needs to look at all the areas where you and your family are exposed to risk, assess scientifically the extent of coverage you need, and present possible options for you for implementation.
Do you think you have thought about all these aspects? If not, you need to get down to it right now.
It will give you something priceless ... peace of mind
