How to Travel Without Worrying About Your Loved Ones’ Financial Safety

How to Travel Without Worrying About Your Loved Ones’ Financial Safety

I am a travel addict and you all know it! From solo travel to travelling with friends and family, I have now graduated to travelling with my daughter – and I’ve loved each and every phase. All of these types of travel are different from one another in terms of experiences you gain, things you learn and how you grow as a person.

While solo travel taught me how to be on my own and explore a new place, a new country – making new friends, offbeat and non-commercial trips helped me get closer with nature without the help of itineraries and timelines. Traveling with my daughter has taught me a lot of things, one of them being the joy of doing nothing – just sitting on a beach and making sand castles is the best thing for her and I’ve grown to love it as well.

As you can imaging, my travel style changes a lot. But throughout all these trips and travels, one things that’s steady for me is my financial planning and timely investments. Travel is an expensive hobby. Even if you opt for budget travel, as a regular traveler you still need to be financially stable enough to be able survive without a steady job or salary. This is where investments come in play.

Saying no to travel is my worst nightmare, but what’s more important is to make sure your travel decisions do not affect your loved ones’ back home financially. This means I should be able to travel without the fear of my family’s finances getting affected after me, in case any untoward incident happens. This is why I trust Term Insurance.

What is Term Insurance?

Term Insurance plans are the perfect choice for everyone who wants to opt for plan where a minimum amount of premium earns a large sum assured. Such plans ensure that in the event of you passing away, the beneficiary of your policy gets a hefty sum assured. Therefore a term plan acts as a financial backup for your family in your absence.

Best ways to choose a term plan:

  1. Always compare different insurance companies and their offerings
  2. Always consider the reputation of the insurance provider you’re choosing
  3. Get a quote for a term insurance plan, and make sure it includes the required coverage amount as well as the premium amount to be paid
  4. Find out the details of inflation influences on the premiums you pay and the coverage benefits

Another thing to consider is a Term Insurance Rider, which is something you can opt for as an add-on benefit attached to your existing term insurance policy at a nominal rate. A term rider offers you additional benefits over and above the pre-decided sum assured of your policy, in case a scenario that is covered by the rider occurs.

So, when I am sure that my family will be financially okay even when I’m not around, I know I can follow my passion without any guilt.

In the end, if you wish to buy a Term Life Insurance, then you can go online and browse through various alternatives which will give you an overall view as well pros and cons of any policy. And to be able to follow your dream without worrying about your finances, you should definitely look into this.

Do let me know how you manage your finances and hobbies.

About Aegon Life:

Aegon Life Insurance Company Limited launched its pan-India operations in July 2008 with a vision to be the most recommended new age life insurance Company. The fulfilment of this vision is based on having a complete product suite, superior technology, providing customized advice and enhancing the overall customer experience. This joint venture adopts a local approach with the power of global expertise to facilitate a direct to customer approach, leveraging digital platforms to bring transparent solutions to customers and to prioritize their needs. Aegon is one of the world’s leading financial services organizations, providing life insurance, pensions and asset management and Bennett, Coleman & Company, India’s leading media conglomerate, have come together to launch Aegon Life Insurance.

About Term Plans:

If your insurance needs are specific and time-bound, term insurance plans are perfect for you. These plans are ideal for policy holders looking for life insurance cover with benefits for a specified period that can be availed by paying a small amount of premium. Term plans are economical, and offer high life coverage. They are also designed to take care of your loved ones in case of disability or any critical illnesses.

Post Author: Aditi Mathur Kumar

Author of 2 books. TEDx Speaker. Travel Writer. Blogger. Addicted to Travel & Books. Digital Media Strategist. Social Media Girl. Army Wife. Mom. Curious. Crazy.

1 thought on “How to Travel Without Worrying About Your Loved Ones’ Financial Safety

    Twinkle Chhajer

    (April 4, 2018 - 3:05 pm)

    Great Post, Thank for such insights on financial security. 🙂

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