Normally you Ignore suggestions regarding term Insurance, if it is proposed by your friend who is an Insurance Agent.

I find it very difficult to convince my friends or follow up with them on their term Insurance Proposals. When I discuss with them, its not that they do  not understand the importance of term Insurance, but some how it is ignored only because I am his/her friend.

Same thing happened and now nothing can be done. It was being discussed from last 2 years. Being a close friend I also did not pressurize too much as I always thought of loosing a friend.

It was some 20 days ago that he called me and requested me to surrender his existing LIC endowment policies as he was in need of some financial arrangements on very urgent basis. He even said that we are also discussing on the term Insurance so lets close these policies, I immediately said that.. Boss lets not surrender these polices as your term is also not in place. I suggested him to apply for a loan against policy for time being and later when the Term is in please, we will rethink. He agreed.

Unfortunately he struck a Brain Stroke just last ween and is Paralyzed. By the grace of god he is out of danger and recovering… Now the proposal of term is out of question and thank god I didn’t gave up to his request of surrendering the policies. At least the endowment Plan is is place and he is covered for at least some amount.

Fate can struck any time and in any directions. So, its better to get things straight, before its too late.

Learnings for me also..I will push my near and dear ones for securing them selves and protecting their families, no matter what they call me.

Get Insured, get secured, before its too late