Are you a breadwinner? Here is your valentine gift this Sunday

Next week Sunday, February 14th is another Valentine’s Day where gift will exchange hands. It is that time of the year where people in different capacities show love with gifts to friends and families in celebration of Saint Valentine.

What you find in most people’s mind this time and next weekend would be, what kind of gift will I present to my loved one that will be most appreciated?

Looking for gifts that will remain indelible in the mind of your family, ‘This is Money’ suggests you give a kind of gift that will sustain them, when you may not be there to provide for them.

It believes that no amount of love you showyour family today, with material gifts would linger for a long time, after you are gone, except a kind of gift that offers them many years of valentine.

Why not take a life insurance that will provide for your family and take care of their needs, even, while you are not there? Certainly, they will never forget you.

Now, ask yourself this question? “Would my death leave anyone in a financial burden?” If your answer is “yes”, then it is high time you got serious about shopping for life insurance.

It offers you peace of mind; ensures that your debts or loved ones would be adequately taken care of in the event of your death.

Some of the life insurance from which you can choose is one, term life insurance.

Term life insurance is very straightforward. When you choose this type of coverage, you pay for a specific duration of time. During that period, your chosen beneficiary receives the benefits of your policy in the course of your death.

You should know that there are some subcategories that fall under the category of termlife insurance.

Whole life insurance is another type of coverage to consider. This type of policy covers you for your entire life, rather than a specific term. A whole life policy will cost more on average and have higher premiums than term life policies, however, the investment potential and lifelong coverage are appealing to some insurance shoppers.

Variable life has more investment opportunities, which includes stocks. This policy type is similar to universal coverage because the returns are either used towards premiums or allowed to accumulate in an account. Your beneficiary receives either the value of the policy, or the value of the policy in addition to a portion of, or the full cash investment returns account.

Saint Valentine’s Day, commonly shortened to Val’s Day is named after one or more early Christian martyrs named Valentine and was established by Pope Gelasius I in 500 AD.

It is traditionally a day in which lovers express their love for each other by presenting flowers, offering confectionery and sending greeting cards that come in different shapes and sizes. 

Modestus Anaesoronye