Three Threats in Life

There is nothing certain in life except Tax & Death. We all undergo with uncertainty at some point in time. However, financial uncertainties can be managed through proper risk management tools. Basically, we have 3 major risk threats during our lifetime. These are also known as the Triangle of Life.

• Dying too soon - premature death due to accident/disease
• Living dead - become dependent on the family due to accident/handicap/ paralysis/illness
• Living too long - live longer than the expected 

The only thing one should ask themself what will happen to their family if any of these threats could actually get materialized. Unfortunately, nobody asks these questions not interested to know the answers. We always have an illusion that we're immune from this kind of risk and nothing is going to happen to us. This wrong perception may put the entire family at a huge financial risk later.

Many people are already in debt with running EMI, a lavish lifestyle, and a further improper money management system. Any further financial liability or interruption of a monthly cashflow could break the future family goals & aspirations.

Therefore, always give priority to fixing these threats to mitigate the financial risk rather than let the entire family suffer for a lifetime. The premium paid on insurance would be much much lesser than the actual financial calamities if taken place. 

The goal is to protect yourself & your family financially.