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Why Life Assurance ?Why Life Assurance ?
You at workYou at work 1st Source of Income
You at workYou at work
$INCOME
1st Source of Income
When you work, you receive
You at workYou at work
$INCOME
NEEDSNEEDS
FoodFoodClothingClothingShelter / HouseShelter / HouseTransport Transport Medical BillMedical BillEducationEducationParentsParentsSavingsSavingsEmergency FundEmergency FundPeace of MindPeace of MindSelf Respect Self Respect DignityDignityEtc.Etc.
1st Source of Income
You use your income to fulfill your
DEATH TOTAL and PERMANENT DISABILITY
CRITICAL ILLNESSOLD AGE
4 Factors that could cause you to lose your earning capability
Can you name one of them?
What Will HAPPEN to you and your family when you cannot work anymore because of …..
DEATH TOTAL and PERMANENT DISABILITY
CRITICAL ILLNESSOLD AGE
4 Factors that could cause you to lose your earning capability
DEATH TOTAL and PERMANENT DISABILITY
CRITICAL ILLNESSOLD AGE
$STOP
?
NEEDS NEEDS STOP ?STOP ?
FoodFoodClothingClothingShelter / HouseShelter / HouseTransport Transport Medical BillMedical BillEducationEducationParentsParentsSavingsSavingsEmergency FundEmergency FundPeace of MindPeace of MindSelf Respect Self Respect DignityDignityEtc.Etc.
DEATH TOTAL and PERMANENT DISABILITY
CRITICAL ILLNESSOLD AGE
$STOP ?
NEEDS NEEDS STOP ?STOP ?
FoodFoodClothingClothingShelter / HouseShelter / HouseTransport Transport Medical BillMedical BillEducationEducationParentsParentsSavingsSavingsEmergency FundEmergency FundPeace of MindPeace of MindSelf Respect Self Respect DignityDignityEtc.Etc.
The Needs Continue
So,So,
What Is Life Assurance?What Is Life Assurance?
What Is Life Insurance?What Is Life Insurance?
Money for food, shelter, clothing, education, medical bill, peace of Money for food, shelter, clothing, education, medical bill, peace of mind, self respect and dignitymind, self respect and dignity
should the breadwinner passed awayshould the breadwinner passed away
So, life assurance is bought not because So, life assurance is bought not because someone mustsomeone must diedie but but because because someone else must go on livingsomeone else must go on living..
Life Insurance is Money Life Insurance is Money
Life Insurance is a Replacement of Life Insurance is a Replacement of Family Income Family Income
What Is Life Insurance?What Is Life Insurance?
Money for food, shelter, clothing, education, medical bill, peace of mind, self respect and dignityMoney for food, shelter, clothing, education, medical bill, peace of mind, self respect and dignity
should the breadwinner passed awayshould the breadwinner passed away
Life Insurance is Money
Life Insurance is a Replacement of Family Income
So, life insurance is bought not not because someone mustbecause someone must diedie but …
because someone else must someone else must go on livinggo on living
2nd SOURCES OF INCOME
1.1. BankBank
2.2. Real EstateReal Estate
3.3. SharesShares
4.4. Life InsuranceLife Insurance
Say, if you need a sum of $$ to pay for medical bill, where can you …
2nd SOURCES OF INCOME
1.1. BankBank
2.2. Real EstateReal Estate
3.3. SharesShares
4.4. Life InsuranceLife Insurance
Say, if you need a sum of $$ to pay for medical bill, where can you …
100 % Capital
100 % Capital
100 % Capital
2 - 5 % Capital
2nd SOURCES OF INCOME
1.1. BankBank
2.2. Real EstateReal Estate
3.3. SharesShares
4.4. Life InsuranceLife Insurance
Say, if you need a sum of $$ to pay for medical bill, where can you …
100 % Capital
100 % Capital
100 % Capital
2 - 5 % Capital
Which Which is a is a
Better Better ChoiceChoice
??
COMPARISON BETWEEN 2 BANKS
YEAR BANK A BANK B
1st 3,000 3,000
2nd 3,000 3,000
3rd 3,000 3,000
9,000 + Interest 100,000 + Bonus + Interest
WHEN SOMETHING HAPPENS TO YOU
Bank B is our companyBank B is our company
How Much Is Enough?
Economic Human Life Value
10 Years Income
10-15% Of Income
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