As we grow older, build families, start businesses and go through different life stages, we realize that life insurance is a fundamental part of having a sound financial plan. Depending on your type of policy, life insurance can be affordable, which means there is no excuse not to get coverage now. Plus, over the years, you’ll find comfort in knowing some funds will be available to protect your loved ones in the event of your passing.
Contrary to common belief, life insurance is not only meant for your beneficiaries when you’re gone; you can also enjoy the benefits of life insurance while alive. One of AXA Mansard’s solutions to help you achieve this is called Cash back term life insurance policy.
What exactly is it? Cash-Back Term Life provides cover in the event of uncertainties like death and Permanent Disability for a limited duration (as agreed between the company and the client). In the event that any of these uncertainties does not occur to a policy holder within the policy duration, 50% of the premiums paid will be returned to the policy holder at the end of policy term. Yes, 50% cash back! Isn’t that exciting? This is what makes this policy unique, empowering and overall a win-win situation for the policy holder. For many people, the reason they don’t take life insurance policies is because they believe they will not benefit from it, and they will never be able to get the premiums back even if the risks covered do not materialize. This is true for many pure protection life insurance solutions however, this policy gives a cash back benefit of 50% of your premium payments if the risk covered does not materialise.
When choosing a life insurance policy, it is important for you to be armed with the right information so that you can make the right choice. Here are a few things to keep in mind.
- Contrary to what many people think, life insurance is not very expensive: There are many flexible and simple life insurance policies. Life insurance can be very affordable for many people, depending on the coverage you’re looking for. You can start with a policy that fits your budget, and you may be able to purchase additional coverage later.
- You’re not too young to take life insurance: Life insurance makes the most sense when you’re young since the premiums are less expensive. The longer you wait, the more expensive it will tend to be. Also, the likelihood that you have a medical condition that will make your life insurance more expensive is lower when you’re young. It is also important to note that most life insurance policies have a cut-off age for entry. And you don’t want a situation where, by the time you need it, it’s too late to get it.
Finally, seeing as life insurance has evolved from just being a protection tool to an overall financial planning tool, it is important that life insurance is factored into your financial plans as early in life as possible.
- You can benefit from it while you’re alive: There are very many benefits that you can derive from taking a life insurance policy while you are still alive. You can take advantage of the immense benefits that life insurance offers to set yourself on the path to financial empowerment.
AXA Mansard’s Cash back term life is designed for you specially to ensure that you enjoy your insurance policy while you are alive. With AXA Mansard, you can now stay in the picture and enjoy the moments that matter. AXA Mansard’s life insurance products ensure that you continue to live with benefits.
Call 0700AXAMANSARD to make your inquiries or visit www.axamansard.com/life/ today.
