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Why investment planning is important for women

Woman’s role in modern society is no longer limited to fulfilling household duties, caring for children, and raising them. More and more women become top managers and earn more money than theirs spouses. Since the position of women in modern society today is considered not only as a housewife, it is important for them to think about the future, which will allow them to maintain their social status. Life insurance is a tool that guarantees safe investments and stable income, writes The Financial Express.
Why investment planning is important for women

Life insurance makes sure that a sudden health deterioration due to serious illness or consequences of an accident will not turn into financial disaster for the insured and his family. The insurer will promptly pay the insurance benefit specified by the insurance agreement. This can help the client get a high-quality and timely medical care, compensate for the lack of income and maintain the usual quality of life. It is worth noting that women are more likely than men to interrupt their work experience, so insurance is just crucial for them.

A life insurance policy allows get a guaranteed payment at the end of the contract, as well as additional investment return, which the company accrues based on its activity results. The pension insurance program builds capital to receive additional pension benefits during the planned period. The insured independently determines the amount of his future pension at the moment of the agreement conclusion.

The insurance benefit, which is several times higher than the insurance premium, will solve the health problems, provide the necessary funds for recovery and rehabilitation, and also help compensate for the loss of the usual income during the disability period.

Source: https://www.financialexpress.com/money/why-is-investment-planning-important-for-women/2236555/

Photos are from open sources.

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