Benefits of getting an insurance saving plan
Nowadays young adults struggle to find the best saving option, with inflation overgrowing year after year, we need to be smart about it. Only 38% of young people between 25 and 35 years old have some type of savings, this is alarming considering that the government in many countries does not have retirement plans, which means that we are responsible for our financial future and how we plan for our savings.
How does it work?
There are many insurance-saving plans but most of them work the same way. Depending on your situation you will save an amount every year which should represent between 15-20% of your annual income.
The annual payment will be made for 10 to 20 years depending on your plan and when you turn 60 or 65 years old you will receive your saving plus the accumulated inflation. For example, if you start paying 7,000 dollars to your saving plan every year when you are 25 and finish 15 years later when you’re 40, you will have saved around $105,000 in 15 years. The saved amount will be given to you 20 years later when you are 60, 105k dollars plus the accumulated inflation during that time.
Benefits
- Flexibility: It offers the possibility of designing a savings plan that best suits your needs. In addition, you can modify or pause it if necessary.
- Safety: From the moment you start your saving plan till the moment you receive the money, you have life insurance in case of death or an injury that makes it impossible for you to continue working.
- Organized planning: The insurance-saving plan will allow you to plan your income so that you can achieve all your financial goals
- Long-term security: if you face any type of emergency later in life when you are not at productive age, you will feel safe because you started to save money when you were young.
- Systemic saving: A saving plan encourages people to form a systematic and disciplined saving habit.
Are you ready to start saving? At Air Insurance we can help you find the best plan for you that will maximize the result of your savings. We offer “360º Insurance Guidance” which includes risk analysis and custom-built plans among other benefits.
Protect your future today, for more information, call +52 55 4444 6043 or send us an email at info@air.com.mx
