The saying happiness is a choice is too cliché but it is nonetheless true in many instances. Our life decisions help pave the way to either happiness or ruin, which means that prudence has to be exercised when making day to day choices. One such decision that one needs to do is to prepare for the future, and while it may be morbid to think about our passing one day, many say it is a healthy attitude towards the reality of life. Over time, acceptance of death has become widely practiced and even prepared for. Hence, life insurance is becoming increasingly popular among young adults.
While life insurance is basically a preparation for the inevitable, it also provides benefits to people from day to day, including happiness. Learn more about life insurance at https://www.pacificinsurancegroup.com/. Here are some of the ways of how life insurance can make people happy.
- Provides a Sense of Security for the Future
Security comprises a major part in personal happiness. The feeling of having a safety net on whatever may happen gives a good feeling. Secure people are generally happy and they tend to appreciate the present more than those who opts to shoot in the dark and rely on luck. Having a life insurance provides such sense of security for young adults and even those who are nearing their 40’s or 50’s. Many people in their late adulthood who have life insurance are reportedly happier than those who don’t.
- Gives Peace of Mind
Nothing compares to peace of mind. In fact, this is the top reason why people work hard and accumulate wealth. However, it seems elusive to some and many are quick to lose it. Buying life insurance gives a certain degree of peace of mind as it allows a person to secure his or her person. Knowing you will be taken cared of well upon your passing helps you feel prepared, and thus feel good about yourself. It also reduces the worries of future financial status and makes one enjoy their day to day life better.
- It’s a Way of Caring for Your Family
Family is one of the greatest things that can make one happy, and this happiness grows exponentially as one provides and cares for his loved ones. The same is true with life insurance. Buying yourself a life insurance plan is a portrayal of love to your family because you take the burden off of them when the time of your death comes. Life insurance will cover expenses upon death and this takes off a heavy financial load from your loved one’s shoulders. With it, you can also better enjoy your time with your family because you know everything is taken care of.
Whatever other reasons may be on how life insurance contributes to your feelings of happiness, it is doubtlessly beneficial in the long run. This is why it is always better to buy a plan while it is still early on in life. Adults, too, can still take advantage of this opportunity and live happier, better lives.
The Low Interest rates we have been experiencing over the last few years have proved to be good news for those with a mortgage, but less good news for those with traditional savings held in bank accounts. This has led to a rise in people taking a more active part in financial planning, particularly looking towards securing their future, and also a rise in people seeking professional advice on how best to use and secure their savings.
Whether it be pensions you are seeking help with, or investments you want to make, or have made and want to protect and grow, you can always seek the help you need. Personal financial planning can help you find solutions you need to protect your money, and hopefully see it grow further, providing a nice nest egg for you and your family.
Advice from a reputable company like Barretts Financial Solutions can look at issues like retirement and pension planning, another very hot potato in light of a growing, ageing population, but they can also look at other areas that require financial support, having a major effect on how we live our lives as a 21st Century family. These can include health and life insurance, school and university fees and even looking carefully at your mortgage, and at any other property you might also own.
If you want to get some financial advice from someone other than your bank manager, I would suggest that you look for a company like Barretts. The simple reason for this is that you can hold a totally free, no obligation initial meeting with financial advisors to assess your situation and look for a plan of action. This will give you a chance to air your own individual needs, and hopefully start planning for a more secure future.
It’s not the most exciting of subjects to talk about in a blog post, it certainly isn’t the most pleasant. But if you own property, or if you have children, you should most certainly have made a will. The one certainty will all have in life is that we will die (unless you’re Keith Richards of course, he seems to have more lives than a cat!), and not having a will means that we can leave our loved ones in limbo. To put it simply, you need to think about what will happen to your home and worldly possessions when you are no longer around to enjoy them.
We made our wills when Joe was a few months old. Before then, it hadn’t seemed all that important, but having the responsibility of a child in our lives changed that. It was a simple and painless process and tied up all the loose ends.
Who you leave your worldly goods to is, of course, totally up to you. It could be to family or friends, a charity, or even your pet. The Law House wills and probate lawyer are experts in the field of wills and probate and have recently put together a fun infographic that explains Wills in Numbers. It looks specifically at those animals who have become very rich indeed thanks to the generosity of their doting owners. The most fascinating (and richest) example is Gunther the forth, who actually inherited a fortune from his own father (another dog obviously) Gunther the Third. I was surprised to know a dog could inherit a fortune from another dog – especially one worth £90million, especially as I’m thinking Gunther the third can’t possibly have left a will???
Although the infographic shows some people are barking when it comes to their fortunes, ultimately it is your choice who you leave everything too…unless of course, you forget to make a will. Rather than putting this off for another day, now is always a good time to get your things in order.