Give family and friend insurance gift this season

The Christmas and New Year season is here again, when people and families exchange gifts to well-wishers and friends in expression of their love and care. In going to buy these gifts, people look out for such items that will truly express the level of love they have for the receiver. The impact that these gifts offer goes a long way in relishing the relationship and making it better in the years ahead.

We have seen much of hampers, we have seen much of bags of rice and rams, we have seen much of clothes and too much cards. They have succeeded in giving that momentary joy, which readily evaporates after the season.

Many people this time are therefore in crossroads over what item to present friends and well-wishers as gift for this festivity. Take insurance as gift to your loved once and be remembered for ever, Niger Insurance plc has said.

There are so many life insurance policies that could serve as gift this Christmas such that the receiver from the beginning of the new year becomes hopeful for life, either for him as beneficiary or his dependants should the unexpected happen, the insurer said.

I know it can be hard to imagine waking up on Christmas morning, running downstairs and only to find an envelope from a Courier firm say FEDEX with a boring insurance policy inside. This will be surprising, but I bet you that will be the biggest gift of the season.

When you think of the presents you have received in the past, most are forgotten or have outlived their usefulness anyway. Buying a policy is actually quite romantic. Really, when you think about it, life insurance is one of the most selfless gifts a husband can give to his wife. A life insurance policy says to her “Even if I die. I’ll still love you.” It is truly a symbol of undying love and devotion. Who would not want that as a gift? From a friend to a friend and more.

According to experts from Money and You, life insurance offers a lifetime of protection and financial opportunities for the beneficiary. It’s a gift that will increase in value over time and won’t end up in the attic collecting dust. As long as the premiums are paid, it can never be canceled and this will not pose much a challenge if you understand the benefits. As current laws are now, the cash value on a policy is tax deferred. Most allow a person to borrow against the cash value life insurance policy without a tax penalty. If the insured should die, the death benefit to the beneficiary will not taxed as income.

The best part is; now is a great time, the perfect time to buy life insurance. Buying a whole life policy now will increase the chances that returns will be favorable later on as the rates go up. If you have young children, think about buying them a policy too. By the time they are on their way to college, the cash value can help offset the cost of tuition. They can also use it when it comes time to start a family of their own. Happy Christmas and New Year in advance.

 

MODESTUS ANAESORONYE