Why Should You Buy Insurance? | Financial Planning Process | Dr Sanjay Tolani

🤔 Why Should You Buy Insurance? 🤔

Why should you buy insurance? It's a very important question to answer for yourself. Because till you don't know the answer to this question, moving forward doesn't matter anymore.

Insurance is a product that PROTECTS you in 4 or 5 major scenarios:

✅ The most important scenario being: In case you PASS AWAY, who PROTECTS your family?.
✅ The 2nd scenario is: In case you FALL SICK, who PROTECTS your INCOME and protects your LIFESTYLE?.
✅ The 3rd scenario is: When you are OLD and you CANNOT work, you want a GUARANTEED SOURCE OF INCOME or you want a SOURCE OF INCOME that keeps you going for THE REST OF YOUR LIFE?
✅ The 4th scenario is: When your kids are READY to go into HIGHER EDUCATION, and you need MONEY to fund that

Everything in life is based around ONE very important variable. It's not about the amount of assets you have, it's not about what job you're doing, it’s INCOME.

Your income DECIDES your LIFESTYLE. It decides what kind of FOOD you eat, what kind of CLOTHES your wear, what kind of HOUSE you live in. And if that income gets DESTROYED, you Need INSURANCE to PROTECT it. That's the fundamental!.

So if you understand that there's ONLY ONE variable in your life that affects EVERYTHING in your life, you NEED to protect it. And that's income. That's reason WHY you SHOULD buy INSURANCE.

Now if you have more questions on this, speak to an Intergenerational Planner, speak to a Financial Adviser, so you have more clarity on why you need to buy insurance. Because of a simple question: "Do I Need To Protect My Income Or Not?".

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🎖 Who is Dr Sanjay Tolani? 🎖
Dr. Sanjay Tolani, became the “youngest member” at the age of 19 and the “youngest life member” at the Age of 28 to the Million Dollar Round Table (MDRT). He also has 13 Top of the Table Qualifications (TOT), which is considered the pinnacle of the financial services profession. To top things off, he is also the youngest Managing Director of an insurance brokerage in the Middle East.

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[shintalestari]

Thank you Sanjay, your presentation so simple and make me more confidence

[rajeshk]

more than income its about the money u can use

[jannathal]

Thank you much sir.
Take love from Bangladesh.

[tanveerfaridi]

So simple, factual & real sense of realisation
Thanks dr sanjay

[rickysiregar]

Thx for 28000, got lots of client because of that

[tekamkarine]

Thanks, sir I learn a lot here I will like to know which insurance is best to buy for a woman I am 33 years old I'm a teacher with a son he is 6 years old because will all the listen I am just conferring about retirement, education for kids, short term life insurance, etc. I was like why keeping my money in a bank why not put it in and insurance. seriously I have never thought about insurance but after listening to you I am to did you know why because you go stair to the point. because others go round and round before the finish people don't want to listen again thanks again I am happy to be here