ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Why Future Planning Should be Taken More Seriously

Updated on August 3, 2016

Life is Unpredictable

According to Association of Safe International Travel, every year, around 1.3 million people lose their lives in road accidents, which means 3,287 deaths a day! More than half of the people involved in these accidents are aged 15-44 years, which is the most productive time of our lives. In 2013, 1.25 million deaths were registered globally and over 1,37,000 people were killed in India along in the same year.

In India, a person dies due to road accidents every 4 minutes. Unfortunately, this is only one of the reasons for untimely deaths in the country. Think back to the people celebrating their Christmas vacation on the beautiful beaches of Southern India in 2004, when the massive Tsunami hit, or the people who died in the Gujarat earthquake of 2001. They couldn't have done much even if they had known about these disasters a few hours ahead.

According to the Center for Research on the Epidemiology of Disasters (CRED), 337 natural disasters and 192 technological hazards took place around the globe in 2013. In 2010, 297,728 people lost their lives because of a natural calamity. You cannot plan for any of these incidents but what you can do is plan your future in a way that your family is secure even after your demise. Wondering how? This is where a life insurance premium calculator becomes important.

How to Decide on an Insurance Policy?

When you opt for an insurance plan, a fixed amount has to be deposited regularly, which is called the premium. This premium depends on the plan and the provider you opt for. The return you get is directly proportional to the premium you pay. So, how do you decide on a policy?

The first thing to check is the amount of cover you need. This, along with several other factors, such as chances of claims, age of the policy holder, etc. will determine the premium amount you will be charged. For example, a 25-year old bike stuntman will have to pay a higher premium than a 35-year old man who has an office job and drives a sedan.

The provider or the insurance company takes many factors like age, health, life history, etc, into consideration to decide the premium. The good news is that you can check out the different premiums you will be liable to pay with an online life insurance calculator. For instance, Insurance Premium Calculator has made it easy to check different policies to see what falls within your budget. All you need to do is go to their website, provide some basic information and it will come up with the exact premium amount.

Benefits of Life Insurance?

According to Life Insurance Council, insurance not only provides you security but also guarantees savings for the future. Here’s a look at some of the major benefits of opting for life insurance:

  • Long Term Investment: It is a safe investment, since you are sure about the death benefits your family will receive. For example, if you invest the same amount of money in property, there is a chance that after 20 years the rates may go down or may not rise as much as you would have wanted. However, life insurance ensures that the investor gets the promised returns on his investment.
  • Secures Future: In the 2001 Gujarat earthquake alone, more than 20,000 lives were lost, around 167,000 people were injured and more than 400,000 homes were destroyed. We pray that an incident like this does not happen in future but it is always better to take precautions. Life insurance provides support for marriage and education of children, and even a comfortable retired life for you.
  • Loan against Policy: This is one of the additional advantages of an insurance policy. The holders have an option to take a loan against their policy. This can prove to be great help when there is an emergency and immediate funds are required.

There could also be some additional benefits that vary from plan to plan. It is our duty to make sure that our family is not affected in case of an untimely accident. When it comes down to budgeting, a life insurance calculator will help you plan things better.


    0 of 8192 characters used
    Post Comment

    No comments yet.


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)