why life insurance is required & for How much.

Dear All, Our life is uncertain but our income is certain if we live only and whether we live or not our dependants must live that too with the same comfort at least what we give them today and their future education and marriage etc etc are to be conducted in the same manner as we conduct but even in our absence.

Today my age may be 18 and my income may be few thousand but when age grows my experience grows and my position changes and income also increases all these things only if i live. Other wise only my liabilities will increase with nil income.

When the bread winner dies the bread to the family should not die. For that we should insure adequately now.

There are

3 methods

of calculating our life insurance amount. ie. 1. Human Live value : In this method i take my present income, calculate my promotion and higher income what would i be earning till my retirement and then the cost inflation then i arrive at a figure then deduct my personal expenses amount. The remaining is the family income which must go to them even in my absence. This is Human Life Value.

2. Capital Need Analysis Method: I require a sum of capital ie.10 lac after 20 yrs for conducting my daughter marriage. 30 lac for my future pension after 15 yrs and another 10 lac for my son's higher education after 16 yrs. If that much money is required on that stipulated date what would be the today's value for that. Then I arrive the amount of my life insurance cover to get that much capital needed to fulfill that obligations on that exact dates.

3.The Third Method is : Net Worth Method. Under this i calculate all my moving and deduct the depreciation, then all my income earning , non income earning , and all my liabilities deducted from the total assets. Then i see the result and if the liabilities are more than the or the net assets if not fetching at least my today's income by way of its interest I take a policy to over come the shortage. So, that If i die at least my liabilities are not passed on to my dependents and I ensure that they get my income even in my absence.

Now from birth to death for any age there are policies. Child policy for children world class education, marriage, adult to protect their income, joint life policies, Pure life risk policies with low premium with no return, money back, double cover, tripple cover, extended cover, go on increasing life risk value with out increase in premium, limited payment of premium policies, pension policies for my old age, Guaranteed addition policies and so on. Income tax planning, savings planning, housing loan can obtained through lic policies.

The entire returns by way of money back, maturity, pension is fully exempted from income tax. All the money paid in up keeping the policy in respect of self, spouse, children irrespective of their age and marital status it is exempted on the person who pays the premium.

If any one wants to know about anything in life insurance a to z i can explain, clarify, even send the worked out chart provided if they give their dt of birth, min premium per year and max premium upto how much they can afford to pay and for how many years.

How to take Policy from me: One need not come to chennai south india or even to india if you are an NRI. You can email me and thro e mail all can be done and medical can be done at your
place/country itself. For details pl contact me at radhabhu@yahoo.com raretocare@gmail.com +91 09444947927 I am in this field for the past 20 years.

Any suggestion to improve and all your valuable advise to improve this will be welcomed and appreciated and I will be very grateful to all of you for your kind support. Thanks. b. radha.
mail me to raretocare@gmail.com