Financial planning: The main reason for us to engage in income generating activities is basically to secure our future and more so the ones of our dependents. The happiness of any parent is to see his children go to school, college and university with a hope of one day being able to be self sufficient. This ensures generational continuity a better future for you & your family. Finding the appropriate investment vehicles based on the investors future goals, time horizon, and priorities is every investor’s nightmare, especially taking into account the safety of the investments as well as liquidity and level of return. Ideally, proper investment planning will allow the investors funds to produce financial rewards over time. Essentially, a good investment is money working for you to achieve your future financial goals unhampered. A day comes when we are no longer able to work but we will still have our basic requirements; in addition there are other greater challenges to face in relation to health, elderly care, daily survival etc. When this day comes, we all want to live in financial freedom after retirement/ old age and not to be a burden to society and to others including our children. Most people are aware of the importance of financial planning for future requirements. However, in today’s hectic world, all too often, long-term needs are sacrificed for short-term needs and wants. Life Assurance policy Its main purpose is to provide long-term financial benefit and financial security for the policy holder and their loved ones for an agreed time; it’s a means for achieving your future financial goals. Because of its investment component the policy acquires value periodically which increases with time (earns bonuses). Anybody who wants to accumulate funds to be passed on to his/her heirs without tax exposure can use this policy. A life policy is the easiest way of creating a tax efficient immediate estate for one’s family/dependants. At the end of the policy period it pays the surviving policyholder the policy maturity value to meet your long-term obligations. Life Assurance is a risk management mechanism which ensures that, In case of the untimely death or permanent disability of the life assured the proceeds of the life policy are paid promptly to the named beneficiary from his/her dependants, usually your nominated family members without having to wait for the settlement of a deceased person’s estate or the need for letters of administration. The proceeds paid out are not taxed as income to the family. These policy proceeds replace the income lost due to the death of a breadwinner. The income allows the family time to readjust their lifestyles or open new avenues of income. Features: The premium payable periodically - either monthly, quarterly or annually remains level and the sum assured does not vary during the term of the policy. The premiums paid attract tax relief making it possible to create an estate at minimal cost. The sum assured is only payable if the life assured dies during the term of the policy. It allows for forced savings because the money put in cannot be easily taken out especially in the early years of a policy, other saving vehicles fail because of; a) Lack of discipline to pay in regularly and b) The ease with which money can be taken away and savings depleted. On maturity a life assurance policy may be used for the following purposes; a) Education funding b) House purchase c) Property purchase d) Holiday funding e) Retirement funding etc. The maturity payments may be varied into installments options payable as a specified percentage of the sum assured or maturity value to help meet your intended objectives. Why life assurance policies? Life offices employ professionals to invest their funds in many vehicles like equities, bonds, government securities, money market and properties. Thus investor’s funds are pooled together and benefit from professional expertise, optimum, secure and diverse investment opportunities. I would be delighted to serve you, let us continue with this conversation, so that we can decide on the product/s that will best help you achieve your financial goals for only a reasonable monthly charge. You can also contact me for all your Personal Financial Advisory needs; inquiries and to refer your family and friends to take up the same so as to guarantee a bright future for their families too. Thanks and God bless.
Posted on: Wed, 29 Jan 2014 10:48:02 +0000
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