Why the 30s are a good time to invest in life insurance

Why the 30s are a good time to invest in life insurance

When you’re in your twenties, life is a rollercoaster. The exhilaration of embarking on a career, becoming financially independent and enjoying life’s pleasures seems paramount. However, as you step into 30s sobriety, you know you need to put down roots, have your own family, and make sure you’re there for them, come rain or shine.

You want to give your family the best of comforts and the assurance that you will be there to fulfill all their dreams and aspirations. In your 30s, you’re also about to start pursuing your own dreams and making your mark on the world. The 30s are then an ideal time to lay the foundations for a beautiful personal and professional life. Now is also a good time to start investing wisely in solid investment plans that ensure those dreams come true without a hitch!

It’s a good time to take a close look at your finances and get a good life insurance policy. If you start now, you can be well covered for the times to come, whether it’s your children’s education expenses, their weddings, the health of elders in the family, or any other financial uncertainty that could occur.

Much convinced? Here are some other reasons why life insurance in your thirties is a good idea!

1. You have a family: With 20 years in complete safety, you are now ready to take on the responsibilities of children and family. You obviously want the best for your children and their dreams are paramount. The best education, the best vacations and a well-established future for them are your priorities. A good child diet which allows you to contribute regular sums of money from birth and reap rich dividends by the age of 18 is a great way to ensure that you don’t have to worry about funding their higher education.

Clubbed with the benefit of life cover, these plans ensure you can financially secure your loved ones even when you’re away. This way, you will be assured that your family is taken care of – it will give you enough peace of mind!

2. You want to develop financial discipline: While saving for a house, a car, and a trip abroad in your 30s might seem important, investing is also a crucial part of your life. It brings financial discipline, forcing you to regularly save part of your income, while ensuring that you are covered for the unexpected. Some insurances secure you for a long time and can provide you with a regular income to finance your expenses, pay for IMEs and plan for your retirement.

3. You’re in your prime and you have dreams, too.: This is also the time for you to realize your own potential. While you’re caring for a growing family, you can also spend time nurturing your own hobbies, trying out interests that were put aside earlier, and being a superhero to your kids! All of this is possible if you start allocating funds early into insurance plans that support your dreams, even as they allow you to plan for your family’s secure future. Getting insured in your 30s will help you reap the benefits of paying lower premium rates, and these will stand you in good stead over the years, as the premiums remain constant!

4. You have milestones to cover: We all have life goals that we want to achieve! There’s a farm you’d like to buy, that cruise you want to take with your family, and that big wedding you want your child to have. Dreams like these need the support of strong insurance plans that can assure you a good return after a specified period of time.

With a conservative life insurance policy, you’ll have all the support you need, without compromising your dreams.

It’s always a good idea to plan for the future so that your family can continue to lead a comfortable life no matter what problems life throws at you. SBI Children’s Life Insurance Plans are a great way to make sure you can give wings to your children’s hopes and ambitions, and make all their dreams come true!
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