June 20, 2024

“Take a chance! All life is a chance. The man who goes farthest is generally the one who is willing to do and dare.”~ Dale Carnegie

What is life without dreams? And what is the point of having dreams unless you have the courage to follow through to make them come true? Life is all about taking chances. Imagine what this world would be like if the Wright Brothers had never taken the chance of testing if they can get a vehicle to fly! What if Gandhiji had been too scared to take the risk with a non-violent movement in the face of several other failed movements for independence in India? In fact, any success story you read, you will find that at some point, the individual decided to take a leap of faith and that is what made all the difference in their life and their career.

The problem is that how do we, as ordinary human beings, take such risks when we have the well-being of our family to think about? This is where term insurance plans come to the rescue. This pure vanilla product entails the lowest premium among all life insurance products, ensuring that your beneficiaries receive a substantial sum assured if you were to meet your unfortunate demise during the tenure of the policy.

Take Calculated Risks

If there is something that you are really passionate about or have always dreamed of, not doing something to fulfill that passion or dream will leave you with regrets for the rest of your life. Today, you might be busy trying to earn as much as you can to secure the future for yourself and your family but won’t it be too late to wait till you retire to fulfill your dreams? Yes, taking the first step is always the most scary. But it is also the most essential leap that will ensure that you live the life you really want to.

The key, successful people say, is to take calculated risks. As they say, “only fools rush in.” Taking calculated risks means evaluating your options, researching well to understand all potential steps that you can take and only then using your knowledge to make an informed decision, after having weighed all the pros and cons.

For instance, you know that if you have the right riders, you can have a comprehensive term plan that could even support you if you were to be diagnosed with a critical illness or meet with an unexpected accident that leaves you debilitated for a long time. Now, if you use a term insurance premium calculator and then decide on what sum assured and riders would be best for you, you have made a well informed decision. It will ensure that you have not underinsured such that your family might not be able to make ends meet in your absence.

So, while taking a chance means to take action, knowledge is the key to deciding what action to take. And this means having a safety net before you take the leap. What better safety net could there be for your family than term insurance plans that can be used to even pay back any leftover debts? Most people hesitate to take the plunge. Don’t be one of them.

“Life is not a journey to the grave with the intention of arriving safely in a pretty and well-preserved body. But rather, to skid in broadside, thoroughly used up, totally worn out, and loudly proclaiming…. Wow! What a ride!” ~ Mark Frost

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