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Why Investing in Insurance Early in Life is Essential for Your Family's Future?

March 07, 2017
When you’re in your 30s and just turning 40, there are many life changes that come your way. You’ve gained financial independence from your parents. You’ve likely started your own family and are beginning the journey of being young parents yourself. Here are few things for you to reflect on.

Q1. Should I be freaked out about turning 40?

There’s no reason to freak out about turning 40 unless you’re freaking from excitement. Turning older is not a bad thing. It means you’ll be wiser. The novice mistakes you made in your 20s and early 30s will not be repeated in your 40s. The best years of your life are what you determine them to be. There’s no reason why the best years of your life should be behind you. Sure your 20s may be filled with fun and reckless decisions with minor consequences. But your older years can also bring you fulfillment, joy and so many other wonderful things. Embrace growing older. It’s a boon.

Q2. I like being a stay-at-home mom. Is that a problem?

Hurrah for you. There’s absolutely nothing wrong with being a stay-at-home mom. What you’re doing is significant. Raising children is not as easy as pie. Taking care of your children is commendable. You deserve praise for choosing to be a stay-at-home mom. Plus, purchasing an insurance plan will help with help your family’s monetary security

Q3. At what age should my parents stop looking after me, and when do I start looking after them?

Your parents have a responsibility towards you and in turn you have a responsibility towards your parents. Your folks have raised and cared for you, trying their best to ensure that you want for nothing. You can start taking care of your parents the moment you receive your first ever salary. Gain financial freedom for yourself and take care of your parents that way. Take out an insurance policy so that your parents are cared for in case anything untoward was to happen to you.

Q4. Will I feel like I have made it in terms of money, success, and happiness?

When you can take care of yourself, have made some professional progress, and feel comfortable in your own company, then, all things considered, you should feel like you’ve made it in terms of money, success, and happiness. These are three important qualities. It’s vital that you find a good balance of the three. Also, whether you believe it or not, an insurance policy can secure for you, money, success and happiness.

Q5. Should I be a stay-at-home dad?

In the 21st century, the familial structure is changing dramatically. Men and women no longer occupy traditional gender roles. You can hop on that bandwagon. Being a stay-at-home dad is a good choice provided there is another breadwinner for the family. Staying at home with your kids is now not as unconventional a decision as it’s made out to be. Additionally with insurance policies that are easily available, you can opt for a low premium and rest assured be taken care of financially. This gives you more independence in a monetary sense when taking the decision to be a stay-at-home dad.

Q6. What’s the best way to take care of my family?

There’s no one single way to take care of your family. You can choose to spend time with your family, and take care of them that way. Or, you could be a working parent and care for them in a financial sense. Out of all the ways to care for your family, one of the easiest is to make sure that they’re insured.

HDFC Life has a number of insurance policies for you to pick from. You can provide for your loved ones through insurance. A number of online and offline resources make this very easy to do. So, get insured and make sure your family members can always enjoy their lives!

HDFC Life provides you an opportunity to Record or write a special message for your loved ones on HDFC Life Memories

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