Protection for Your Home & Family
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Working very hard day and night and earning the money we all desire to fulfill our dreams, many people have a lot of dreams when it comes to building their own house.
Same is the story of Vasanthi which I read yesterday on twitter,
Vasanthi belongs to a middle-class family and is a housewife and her husband was in the Police – the only earning person in the family.
He worked hard and he had a dream to build their own house which he did by taking a loan and finally he built a house for his family. Everything was going well but unfortunately, he died due to COVID.
It was a helpless situation for Vasanthi as she was not earning and it was not possible for her to pay back the home loan amount. Therefore, she was scared of losing that house too which his husband built for them.
This situation completely shattered her to the core, then one of the staff of the company from which the home loan was taken suggested Vasanthi that not to worry as her husband took the life insurance cover too, along with the home loan to protect the loan amount.
In this way, she got all the details of insurance coverage, and then she approached the insurance company with the claim and then the insurance company’s staff guided her well and helped her to settle the claim amount within 48 hours.
In this way, she paid off the loan amount and now that home is of Vasanthi and she doesn’t need to worry about losing the house which her husband built for them.
With Vasanthi’s story, It’s a reminder to double-check, for those who have taken a home loan or any kind of loans, they must have a protection against that so that it can be taken care of in case of any casualty.
This does not end here. It will be a much better and complete solution if there is also proper planning for the future financial responsibilities and the income for the family. So that they can live without any financial worries in case of casualty.
It’s learning for all of us to make sure we all have adequate life insurance cover to PROTECT our HOME & our FAMILY!
If you’re the one – who is not sure how much cover you should have or want to discuss your financial life then you can schedule an appointment with me using this link gurpreetsaluja.com/meeting
Don’t worry you won’t have to pay anything for this meeting. Get the best value from me and improve your financial life.
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Hi, I’m Managing Director at Gurpreet Saluja Financial Services where I help my investors to invest in mutual funds and achieve their financial goals. I’m also a Value Investor and here I write about Personal Finance & Investing.
