may you live a hundred years ! is it a curse or a blessing ?
quote from an life insurance agent
“a policy caters for two tragedies in life
dying too early (covered by insurance component)
and
living too long (covered by the savings component)”
the first case really doesn’t affect you , it affect only your Dependents
the second case affects you the most
so what do you do ?
as long as you continue to enjoy the fruits from trees planted by your predecessors, it is only fair that you cater for the insurance component for your dependents
any financial planning requires an important input ; how long will you live ?
without this input either you will run out of your savings
or
will be left looking fondly at the unspent savings when you are in no position to really spend
so, what do you do ?
well, if you have run out of your savings, it only means you have lived your life to the full , so why regret ?
if you are left with assets you wish you had spent in your younger days, then be happy you are leaving something for your successors or for charity.
what if the beneficiaries are not worth the largess ? a tree providing shade or fruits doesn’t judge the beneficiaries …..so be it…