Why Guaranteed Income Plans - Planify
GUARANTEED INCOME PLANS
In the fast-paced lifestyle of today, even the little luxuries that we enjoy with our family make the loveliest memories. What if you could appreciate these moments without stressing over the related expenses? An extra income stream could make a difference. A savvy investment choice today can go far in ensuring that the lifestyle, you want for your loved ones, would for sure become a reality.
Along with meeting various goals of your dependents and supporting them financially, one important key in leading a stress-free life is having “Certainty in Life”. For instance, having the assurance that your salary will get credited in your account on time or the goals of your loved ones will get fulfilled, or their future will be secure even in your absence. After all, having these certainties can give you much-needed peace of mind. Guaranteed Plans can help you get this reassurance.
Guaranteed Plans recognize your hard work and efforts to provide your dear ones with a comfortable life now and in the future. These life insurance plus savings oriented plans, guarantee returns in the form of a lump sum payout or regular payouts over a period of years.
What Is Guaranteed Plan?
A guaranteed plan provides assured benefit to the policyholders. This traditional insurance plan provides life cover, together with guaranteed payouts, if any and maturity benefits, if any. Guaranteed plans, thus, act as a another source of income by providing assured payout(s).
Any individual between 18 to 60 years of age may buy a guaranteed plan and may avail various advantages that accompany itOn account of Life Assured’s demise during the policy term, the Death Benefit is paid on to his/her nominee The policy terms of guaranteed plans may vary from 10 to 30 years The frequency of payouts may be chosen by the policyholder (lump sum, monthly or annual) depending upon the options available under the plan. A guaranteed plan, thus, helps policyholders to fulfil their goals like funding their dream vacation, saving for their children’s education and securing their family’s future.
What Do You Need To Do Before You Buy Guaranteed Policies? Things that individuals need to consider before opting for a Guaranteed Policy are:
What are the returns you are looking at? The time period of the payouts and the premium to be paid The type of income generation required The above facts are influenced by the investor’s:
Present lifestyleEarningsFuture lifestyle they seek Tax savings they want Risk cover For More Information watch This Video
