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Hong Kong Life Insurance Policy: How to Choose the right one? PowerPoint PPT Presentation


http://www.planyourfinances.com/choose-best-life-insurance-policy - Protect the financial future of your family and choose the best Hong Kong life insurance plan including reducing the premium for term life and permanent life insurance.

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Hong Kong Life Insurance Policy: How to Choose the right one

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Hong kong life insurance policy how to choose the right one

How to

Choose the

Best Life

Insurance

Policy?


Hong kong life insurance policy how to choose the right one

About Rosewood Phnom Penh

Life insurance is a policy that, in return

for periodic premiums, pays out upon your

death to beneficiaries you have selected.

The main objective of life insurance is to

ensure that your dependents, such as your

spouse, children and ageing relatives, are

financially comfortable in the unfortunate

event of your passing away.


Hong kong life insurance policy how to choose the right one

About Rosewood Phnom Penh

In addition to this main purpose, it is also

sometimes required as part of an arrangement to

take out a loan or a mortgage, to ensure that the

lender is repaid in case the borrower dies. In

some policies, the pay-out can also occur in

cases of severe illness and disability, which is

more characteristic of critical illness insurance

life. Life insurance plans can sometimes provide

a mix of investment and retirement elements – so

while they do pay out upon death, like normal life

insurance, some of the funds can also be

withdrawn.


Hong kong life insurance policy how to choose the right one

Why is life insurance so

important?


Hong kong life insurance policy how to choose the right one

About Rosewood Phnom Penh

Life insurance is regarded by specialists as one of

the pillars of personal financial and retirement

planning. This is because, except for the very rich,

even if you have a good income and are saving

carefully according to a retirement plan, if you

pass away before you have had the opportunity to

build up sufficient savings, your dependents are

likely to be financially vulnerable.

This is simply because, even with the trend of

professionals marrying and having children later,

many of us do so before accumulating most of our

savings, or even before reaching our peak earning

power.


Hong kong life insurance policy how to choose the right one

About Rosewood Phnom Penh

In addition to this main purpose, it is also

sometimes required as part of an arrangement to

take out a loan or a mortgage, to ensure that the

lender is repaid in case the borrower dies. In

some policies, the pay-out can also occur in

cases of severe illness and disability, which is

more characteristic of critical illness insurance

life. Life insurance plans can sometimes provide

a mix of investment and retirement elements – so

while they do pay out upon death, like normal life

insurance, some of the funds can also be

withdrawn.


Hong kong life insurance policy how to choose the right one

Am I eligible?


Hong kong life insurance policy how to choose the right one

About Rosewood Phnom Penh

Life insurance is appropriate for anybody who has

dependents who would face a financial setback if the

policyholder passed away.

Most commonly, that is portrayed as above – the

leading income-earner in a newly married couple

with young children. But it would also apply to the

stay-at-home spouse, in that the working spouse

would have to hire help and, if working overseas,

might choose to move back so the children can be

close to the family. Alternatively, it could apply to

those caring for an elderly relative, even if they,

themselves, have no children and are retired.


Hong kong life insurance policy how to choose the right one

About Rosewood Phnom Penh

If you have dependents, the lower your income and

net worth, the more seriously you should consider

life-insurance. That’s because, even though it will

mean a larger cut of your income, it’s more likely

that

your

dependents

vulnerable if you passed away.

Life insurance is available in varying amounts, so

some insurance is accessible to virtually anyone

with an income, regardless of how much. The

amount of life insurance you can take out may be

limited by your income, though. It may not be

possible to take out a policy that promises to pay

more than you could be expected to earn in your

lifetime, for instance.

would

be

financially


Hong kong life insurance policy how to choose the right one

Life insurance is a key part of personal financial

security for anybody with dependents. It can be bought

for specific periods (term) or for an entire life-time

(whole or universal), in which case it also functions as

an investment product. The amount of insurance you need

and which type of policy is most appropriate for you

THANK YOU!

depends on your overall financial situation and plan.

Because of this, and because insurance products can be

very complex, it is recommended you consult your

financial advisor on what is ideal for you.


Hong kong life insurance policy how to choose the right one

Contact Us

5F Exchange Square 2, Connaught

Place, Central Hong Kong

.Plan Your Finances

http://www.planyourfinances.com


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