Under 35? This is why you need an investment plan
The economy highly unpredictable. A sudden downfall could affect your job and eventually everything you ever cared for. So is life; one could never predict what life would hold in future. The higher individuals climb the corporate ladder, more responsibilities and hardships they encounter. The best way to plan a secured future is by investing your valuable earnings. This would add more value to the sum invested if there are special benefits included. Keep these simple tips in m ind in deciding a suitable retirement plan.
- Are Savings Really an Investment?
Savings are vital for a secured future. But the way your earnings are saved and the return should be considered. Individuals should decide if the earnings should be invested in a traditional ‘savings’ account which usually offers a lesser interest rate or in an investment plan which offers several other benefits including protection, stability and a value for money. A suitable investment plan will secure the money invested and it could even lead to a proper retirement plan.
- Ever Considered Future Costs?
Future costs and hidden costs are usually not considered in deciding an investment plan. This is a vital factor to consider especially if this plan leads to a retirement plan. Inflation and other economy related costs should be considered in determining a suitable value. Other basic costs such as, higher education, medical, housing and family related costs should be taken into consideration here.
- Know the Benefits
Knowing and understanding the benefits of the chosen investment plan is vital for several reasons. Ensure the plan offers a number of benefits in addition to the return on investment.
HNB Assurance’ MyLife plan is a special youth insurance policy to help individuals make their youthful dreams a reality. This special policy allows you to withdraw a sum of the total amount even before maturity. A sum of the total investment could be withdrawn for each of the following situations whether they are planned or unplanned:
- Your Marriage
- Child Birth
- Child’s School Admission
- Purchase of Vehicle
- Higher Education
- Emergency Hospitalization
- Accident Cover (Self/Spouse/Child)
- Loss of Employment
- Foreign Travel
- Repair of House
‘MyLife’ secure both you and your loved ones by offering several benefits. In case of the unfortunate situation of death, your loved ones will be protected as the policy will pay double the sum assured to your loved ones. The profits of the life fund will be shared as a bonus with policy holders and the life cover would continue for a period of further 5 years after maturity.
For further details and benefits of this policy contact: 011 2 384 384
Make your youthful dreams a reality with ‘MyLife’