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Is Life Insurance an Initial Step in Retirement Planning?

Is Life Insurance an Initial Step in Retirement Planning?

Nowadays, Insurance companies offer specially designed / customized pension plans to meet the varied requirements of old age

. These plans foresee your financial stability during later years and provide a secured future. Life insurance is thus the best medium to keep your head high even in old age, and should surely be the first priority in financial investment planning for retirement. One should make sure to start early such that the recurring factor comes into picture. That is the same amount (say 10 lacs) invested at the age of 30 years shall bear more fruits and meet your goals than compared to investing at a later age, say 40 years.

Is Life Insurance an Initial Step in Retirement Planning?

By: Sanjay Mathew
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Is Life Insurance an Initial Step in Retirement Planning?