Connect with us

News

Does It Make Sense to Buy Term Insurance in Your 50s?

Avatar

Published

on

Buy Term Insurance in Your 50s

The most common age band where people tend to go for term insurance plans is from their early thirties to the early forties. That’s because when buying a term plan in the younger days, the premium for the same sum assured is significantly lower than that at an older age. Moreover, term plans are one of the finest long-term investment plans and hence, most people at that point in time choose to purchase them for the flexibility, affordability and tax saving benefits that term plans offer.

However, as you grow older, even in spite of the increased premium, buying a term insurance plan might still make a lot of sense for you. That’s because the premium for term insurance even then is lower than that for other types of insurance. Moreover, term plans might actually be the best fit with your life situations and financial goals at best.

long-term investment plans

source: Shutterstock

Here are some scenarios where buying a term insurance plan even in the fifties is a wise call –

1. You Have Dependents

As you approach your 50’s and move towards your retirement, meeting life’s goals such as the expenditure for your children’s marriages or their higher education can consume a significant amount of your savings.

This age can also be one that marks an increased incidence of diseases for you and your spouse and those health-related problems that can demand significant medical expenses that were not required earlier.

In such a life situation, buying a term plan can help you secure the future of your dependents without further straining on your life’s savings. It can give you the mental peace and security that you’re leaving behind sufficient money for your dependents, without placing a burden on your present finances.

2. You Desire Your Spouse to Be Self-sufficient

You could also fall into the situation where your children are just settled, and you and your spouse now live alone. You see your retired life only a few months or years away and desire to be totally self-sufficient. You also deeply wish to ensure the same kind of self-sufficiency for your spouse when you’re no longer there.

In such a situation while you move closer to a phase where you’ll be living off your life’s savings, a term plan can be one of the best ways to financially secure your spouse in your absence.

The fairly reasonable premium payments against the large cover are affordable, and completely manageable even if your income inflow stops.

3. You Are in A Financially Weak Situation

Not everyone has the financial freedom to lock in large sums of investment money for the future. So, in case you happen to be struggling with a limited source of income that makes it tough for you to even make ends meet, investing would obviously seem like a distant luxury.

If that does describe your situation in spite of your present finances, it’s completely understandable if you still deeply desire to leave behind something for your loved ones. It’s a thought that most have as they move towards their retirement age even though they’ve struggled all throughout their working years.

Term insurance can be a particularly helpful way in this situation to secure money for your family without exceedingly burdening premium costs. The reasonable premium charges offered by insurers like Max Life Insurance make them much more affordable and easier to pay for than other savings or life insurance plans.

4. You Still Have Liabilities to Meet

If you have liabilities to meet in terms of large loans for business, home or cars etc., you’re bound to feel the liquidity crunch to invest in traditional insurance plans or other types of attractive investments to grow your wealth.

It’s also something that might bother you, that if you die before you’re able to meet your financial obligations; your family will really suffer in the vicious stream of harassment by creditors.

In that case, with the limited flexibility to invest at the moment, term plans can make a lot of sense for you to cover the risk of your death before you’re able to pay off your liabilities.

Concluding,

If you fall under any of these situations or circumstances as described above, you shouldn’t hesitate to make one small decision that can really bail out your loved ones from financial difficulties. Think about it, after working so hard all your life, would you want your family to suffer because of that one decision you failed to make at the right hour?

Continue Reading
Advertisement
Click to comment

News

India Really Needs to Learn About the Innovative Environmental Policies and Measures Adopted by These Countries to Preserve its Climate

Satendra Kashyap

Published

on

India Really Needs to adopt Innovative Environmental Policies to Preserve its Climate

We all are very well aware of the fact that country like India is topping the list of air pollution, deforestation in order to build giant buildings all over the city. The population is increasing day by day and thus contributing to causing more and more pollution. These situations have really become a matter of concern that needs to be addressed as soon as possible to save the climate. On the other side countries like Finland, Sweden, Denmark, Norway are really taking some of the innovative steps to bring the transformation. India needs to adopt such environmental measures and plans to become pollution-free.

Let’s have a closer look at what innovative steps has been taken by these countries that have really helped them to preserve their climate.

1. Sweden

Swedish city is building a unique kind of passive houses to completely eliminate CO2 emissions by 2050. These passive houses are made up of wooden frames and thick walls which keeps cold air outside and human-generated heat (cooking, gadget use, human activities) inside.

2. Denmark

‘No helmet, No Problem rule’

via: Iris/Scanpix

This country follows the rule of ‘No helmet, No Problem rule’, which mean that don’t make use of pollution causing vehicles in the city. In 2014, the city also has introduced a campaign in order to encourage citizens to make use of bicycles instead of other vehicles to curb pollution. They also focussed on modernizing public transport by cleaning up the buses and railway systems.

3. Malta

Malta renewable energy sources

via: Memoori

A sustainable vision development adopted by Malta under which it has decided to swap its primary source of energy from fuel oil to natural gas. Nearly 70% of energy is obtained from natural gas and the rest from other kinds of renewable sources.

4. Norway

Norway ban deforestation

via: Getty Images

Norway’s groundbreaking move to ban deforestation has made a global impact. It is the first country which has decided to become deforestation-free. Even the companies are also taking part in this pledge as they have decided to procure such goods that are linked to deforestation.

5. Morocco, Kenya, and Rwanda

Morocco,-Kenya,-and-Rwanda stopped making use of plastic bags

via: Business Insider The countries like Morocco, Kenya, and Rwanda have stopped making use of plastic bags. Tamil Nadu is also preparing to follow the same suit.

6. Ireland

Ireland: national waste programme

via: Dublin Inquirer / Photo by Lois Kapila

 

Ireland has invested a huge amount in a national waste programme in 2017 which has helped farmers to reduce greenhouse gas emissions through technological advancements and innovation. Also, it constantly monitors the quality of water in their lakes and rivers to improve the quality over time.

7. Finland

Finland is aiming to achieve carbon neutrality by 2035

via: REUTERS/Wolfgang Rattay/File Photo

This country is aiming to achieve carbon neutrality by 2035 under a plan announced by the country’s new coalition government. Under this plan, nuclear power will continue to provide Finland with low –carbon energy to strengthen the quality of climate by reducing carbon emission to achieve climate neutrality.

Continue Reading

World

The First-ever Circus Roncalli in Germany Makes Use of 3D Holograms Instead of Real Animals to Stop Animal Abuse

Avatar

Published

on

Circus Roncalli in Germany Makes Use of 3D Holograms Instead of Real Animals

Can you imagine a circus without horses, elephants, lions, and tigers? Obviously not. Since ages, we have been making use of real animals as a means of entertainment which is actually not correct and a very cruel act towards the animals. In order to stop the animal abuse, a group of German performance group has started making use of 3D holograms instead of using the real animals completely.

Taking this noble step to show some love and courtesy towards animals, Circus Roncalli in Germany has become the first ever circus to entertain masses without dealing with live animals.

The public is appraising their efforts and respect their decision to end the cruelty against the animals.

Circus Roncalli which was founded in 1976 has phased out the use of animals and now they have started making use of projections to entertain the audience.

The circus has decided to transform the things entirely so that it could help and contribute towards fighting against the innocent animals that are getting tortured and ill-treated for so long in the industry.

Animal Holograms Circus Roncalli Germany

via: Metro

The circus shows elephants, horses, and even a goldfish, but they are all made up of holograms. The circus makes use of the 3D holographic images from projectors to fill an arena which is 105 feet wide and 16 feet deep with clever special effects so that the whole audience can see (According to reports).

Animal Holograms Circus Roncalli Germany

via: Metro

The amazing holographic experience was created by circus Roncalli’s agency TAG/TRAUM in association with Bluebox partnership with Optoma.

The step follows a bill that was passed in the UK which has banned circuses to make use of live animals as a source of entertainment for the public.

The move taken by them has been appreciated on social media:

More info: Circus Roncalli

Continue Reading

News

8 Foods That Provide Natural Sun Protection

Avatar

Published

on

By

Foods That Provide Natural Sun Protection

The scorching heat outside is sure making us stick to our bedrooms. Air conditioners seem to be the best human invention ever, nowadays. But sticking at home doesn’t always happen. We need to get out and confront the merciless sun which leaves us dehydrated, tanned and sometimes with sunburns. Let’s not mention the threat of skin cancer. At this point, we want to buy a sunscreen which is really high on SPF but that doesn’t come cheap and puts the whole in our pocket. So it is heat, tanned skin and murder to the wallet.

Not anymore, as we have found out about such super foods that can provide you natural sun protection. Munch on!

1. Flax Seeds

Flax Seeds

Image by Pezibear from Pixabay

Flax seeds can be eaten as snacks or sprinkled onto the salad. Eat them anyway as they are best to protect from sunburn and skin cancer.

2. Red Globe Grapes

Red grapes can lessen oxidative damage from UVB exposure. Presence of phytonutrients helps to protect from sun damage.

3. Watermelon

Watermelon

Image by Steve Buissinne from Pixabay

Watermelon not just hydrates your body but also, save you from harmful UV rays. This is no doubt a bets summer fruit.

4. Orange/Lime

Orange/ Lime

Image by Couleur from Pixabay

These are rich in vitamin C and can reduce the chances of sunburn. All citrus fruits are great for summer.

5. Walnut

Walnut

Image by Pera Detlic from Pixabay

Walnuts are great food and help to protect against sunburn. Eat a handful of them a day and keep skin problems at bay.

6. Almond

Almond

Image by Steve Buissinne from Pixabay

Not only walnuts but almond is also a great dry fruit to help from protecting from skin problems caused by UV.

7. Dark chocolate

Dark chocolate

Image by Alexander Stein from Pixabay

You definitely didn’t see that coming, right? Well, dark chocolate provides protection against sunburn. Need not to mention that it is already known for several skin benefits.

8. Green Tea

Green Tea

Image by rawpixel from Pixabay

Green tea has already become popular for several health benefits. Another benefit of it is that it protects your skin from UV rays.

Continue Reading
Let Shine Your Style in Bold Frames If You Are a Mature Woman
Style12 hours ago

Let Shine Your Style in Bold Frames If You Are a Mature Woman

Top 5 Best Travel Gift Ideas for All the Budgets
Shopping18 hours ago

Top 5 Best Travel Gift Ideas for All the Budgets

Top 10 of The Scariest Railway Routes Around The World
Travel19 hours ago

Explore Top 10 of The Scariest Railway Routes Around The World That Would Run Chill Down Your Spine

India vs Pakistan World Cup 2019
Sports20 hours ago

Team Pakistan is Being Trolled on Twitter by Their Fans and It is Not The Defeat They are Tweeting About

Having Stress is Dangerous and How You Can Get Rid of Stress
Health23 hours ago

Here are The Ways Having Stress is Dangerous and How You Can Get Rid of Stress

This is Why You Should Never Believe in Astrology or Fortune-telling
Lifestyle1 day ago

This is Why You Should Never Believe in Astrology or Fortune-telling

Things You Should Do for The Betterment of ‘Saas-Bahu’ Relationship
Relationship2 days ago

8 Things You Should Do for The Betterment of ‘Saas-Bahu’ Relationship

Baahubali AKA Prabhas is Back in An All New Avatar in Saaho
Entertainment3 days ago

The Macho-Man of India, Baahubali AKA Prabhas is Back in An All New Avatar in Saaho

Vivo Z1 Pro That is Soon to Be Launched in India
Mobile3 days ago

All About Vivo Z1 Pro That is Soon to Be Launched in India

8 Best Entertainment TV Shows That You Should Watch in 2019
Tv3 days ago

Here is The List of 8 Best Entertainment TV Shows That You Should Watch in 2019

10 Surprising Facts About Superman
Entertainment4 days ago

10 Surprising Facts About Superman You Probably Didn’t Know Before

Things to do This Father’s Day
Culture4 days ago

This Father’s Day Do These 8 Things to Make Your Father Feel Even More Special

What You Need to Know Before Buying Bamboo Fabric for Your Baby
Shopping4 days ago

What You Need to Know Before Buying Bamboo Fabric for Your Baby

wedding photographers in Lucknow
Fashion4 days ago

Significant Things Your Wedding Photographers Wish You Knew

Whatsapp is Palnning to Take Legal Action Against Spammers
Apps5 days ago

Beware Spammers! Whatsapp is Palnning to Take Legal Action Against Spammers

9 Dress Codes Around The World
Culture5 days ago

9 Dress Codes Around The World That Would Leave You Wonderstruck for Sure

How to Outsource Programming Like The Pros
How to5 days ago

Learn How to Outsource Programming Like The Pros

Hill Stations Flooded with Tourists Get Overcrowded
Travel5 days ago

Hill Stations Flooded with Tourists Get Overcrowded Leading Them to Return

Tales From The Crypt
Tv5 days ago

8 Surprising Facts About America’s Favorite Horror TV Series: Tales From The Crypt

10 Most Common Technology Myths
Technology5 days ago

Debunk 10 Most Common Technology Myths People Mistake To be True

Lexie Alford Becomes the Youngest Person to Travel the World
Travel1 week ago

21-Year-old American Girl Lexie Alford Becomes the Youngest Person to Travel to 196 Sovereign Countries

Being a Homemaker is So Tough and Challenging
Women2 weeks ago

Know Why Being a Homemaker is So Tough and Challenging More Than Doing 9 to 5 Job

Fahad Abdullah Alasaus
People2 weeks ago

The Beginning of La Mafia: Saudi Comedian Fahad Abdullah Alasaus

Foods That Provide Natural Sun Protection
News2 weeks ago

8 Foods That Provide Natural Sun Protection

CBKiKhudayi The Funniest Social Media Trend
Social2 weeks ago

#JCBKiKhudayi, Here is Everything You Need to Know About The Funniest Social Media Trend Ever on The Internet These Days

Bigg Boss 13 contestants list
Entertainment1 week ago

Bigg Boss 13th Episode to Begin on September 29: Here’s All You Need to Know About the Show

Fish Oil
Food3 weeks ago

A Complete Guide: Fish Oil- is it A Super Food?

Famous Celebrities Who Never Listened to Anyone Despite Getting Criticised for Their Weight
Hollywood2 weeks ago

5 Famous Celebrities Who Never Listened to Anyone Despite Getting Criticised for Their Weight and Still They Got Huge Success in Life

Cutest Ananya Pandey’s Wedding Style Diary
Fashion2 weeks ago

Take A Cue for Your D-day From Cutest Ananya Pandey’s Wedding Style Diary

That Sweet Taste in The Mouth Might Be Bad News
Health3 weeks ago

That Sweet Taste in The Mouth Might Be Bad News

Circus Roncalli in Germany Makes Use of 3D Holograms Instead of Real Animals
World2 weeks ago

The First-ever Circus Roncalli in Germany Makes Use of 3D Holograms Instead of Real Animals to Stop Animal Abuse

6 Types of Love You Must Have Experienced
Relationship3 weeks ago

6 Types of Love I Bet You Must Have Experienced Once in Your Lifetime

6 Disastrous Food Combos That You Should Strictly Avoid Taking Together
Food2 weeks ago

6 Disastrous Food Combos That You Should Strictly Avoid Taking Together

Meaning of 7 Vows of marriage
Culture2 weeks ago

Getting Married Soon? Meaning of 7 Vows Which You Would Be Taking With Your Love

Whatsapp is Palnning to Take Legal Action Against Spammers
Apps5 days ago

Beware Spammers! Whatsapp is Palnning to Take Legal Action Against Spammers

6 Most Effective Tips for Men to Look Younger Even at 40s
Beauty2 weeks ago

6 Most Effective Tips for Men to Look Younger Even at 40s

7 Extremely Strange Wedding Rituals Performed All Over The World
Culture1 week ago

7 Extremely Strange Wedding Rituals Performed All Over The World Which You Might Have Never Heard of Before

7 Important Lessons To Learn After Getting Failure in Your Life
Lifestyle2 weeks ago

7 Important Lessons To Learn After Getting Failure in Your Life

5 things drunked girls talk about
Relationship1 week ago

5 Things Girls talk About with Their Girl Gang After Getting Drunked

India vs Pakistan World Cup 2019
Sports20 hours ago

Team Pakistan is Being Trolled on Twitter by Their Fans and It is Not The Defeat They are Tweeting About




Trending