Starting the year on the right foot is always a good decision, and preparing the family budget in advance is even better.
Life is uncertain, and even though we try to plan every aspect of it, there are always factors beyond our control. That's where life and health insurance policies take center stage.
Including them in your financial strategy is key to protecting yourself and safeguarding your family against any eventuality. In this blog post, we will explore how this type of policy provides you with the peace of mind you need to protect your most precious asset, your family.
Coverage for unforeseen health issues
Accidents, illnesses, or any unforeseen situation that affects your health come out of nowhere and have a devastating effect on your economic and emotional stability.
Health insurance policies act as a safety net that offers you protection and the ability to cover expenses when you need it most. Additionally, it guarantees access to quality medical care without having to worry about the costs.
Imagine a scenario in which you or someone in your environment receives an unexpected diagnosis or has an accident. Medical bills, prolonged treatments, and loss of income due to the expenses that would generate could be overwhelming.
And that's exactly what happened to the spouse of one of our insured clients, who received a diagnosis of multiple myeloma, had to undergo a transplant, and the total cost of the treatment exceeded one and a half million dollars.
That intangible value of a policy that we often overlook allows you to focus on what really matters when you or someone close to you is ill: recovery.
Protection for your family at all times
Including life insurance in your budget allows you to protect your family and be prepared to face any setbacks.
A life insurance policy provides your loved ones with financial coverage in case of your absence, preventing them from facing financial difficulties while also dealing with the pain of a loss.
BMI life policies, such as Best Indexed, fit perfectly into the equation of protecting your family because they have many advantages, including value accumulation based on stock market performance Vida Indexada – BMI Internacional
In addition, they have available add-ons such as: family income, temporary life insurance, waiver of monthly charges for disability, and accelerated benefits for terminal illnesses.
A grounded example of the long-term advantages of this type of policy is as follows: let's suppose José Pérez (a fictitious name) is 40 years old, a non-smoker, and wants to obtain an indexed life insurance policy for half a million dollars. Additionally, he wants to pay premiums until he is 65 and receive a monthly income of 3,000 dollars from the age of 70 to 90. How could this be possible?
The answer is simple, he should pay an annual premium of $6,850 for the 25 years he desires, and the result is that he could receive $720,000 in his lifetime ($36,000 annually from the rent received for 20 years), but the most interesting part is that he will only have to pay BMI $171,375, which is equivalent to the target premium.
This example reflects the imperceptible value of life insurance in your annual budget. In the future, you could live peacefully and face complex situations calmly, but above all, without having to resort to loans or debts to cover an unexpected event.
Time passes, plan and act today
The start of a new year is the perfect time to make smart and strategic financial decisions. By including life or health insurance in your budget for the next year, you will be taking a step towards a safer, more protected, and peaceful future.
Don't see the purchase of a policy as an additional expense, think of it as an investment in your well-being and that of your family.
Life can be unpredictable, but with the right policy, you will have the certainty that no matter what happens, you will be prepared to face it with resilience and peace of mind.
And beyond protection against the unexpected, including life or health insurance in your annual budget becomes a preventive tool that will save you many headaches and give you peace of mind, something priceless.
