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One of the biggest fears of a sole earning member of the family is not death but what happens to the family if something were to happen to them. For that reason alone, banks and other financial institutions have devised savings tools like life insurance, savings plans, and schemes like fixed deposits and SIP for mutual funds. One must always set aside a fixed portion of their income for savings and insurances.

There are many different types of insurances and a good financial planner knows how to create an insurance package for themselves to protect their family. For starters, one must have life insurance plan, a health insurance, personal accident insurance plan and a critical illness plan. These plans ensure that your family’s financial needs are taken care of in case of your death, in case you contract a major illness, or you meet with an accident that leaves unable to work.

There are multiple types of life insurance plans to choose from as well. But if your main concern is to supplement your family’s income in your absence, then you must opt for a term insurance plan. A term life insurance plan is valid for a specific period of time and offers death benefit to the nominee in the event of the death of the insured. The premium for term insurance is low and is often the only factor that drives people to opt for term insurance.

Term insurance plans offer a lump sum payment to the family of the policyholder is case of his or her demise. This payment can be received in the form of one single payment or in the form of monthly payments for a fixed period of time. This help the family get back on their feet financially at least.

Term policy is a great protection plan for the family, if you’re still conflicted about why then here are some major benefits that will help you make the choice.

Simplicity: Term life insurance plans are straightforward. Unlike other insurance plans this type of insurance is simple and easy to understand even for the layman. This makes it easier for the policy holder to make proper, timely premium payments.
Flexible: Opting out of a term life policy is much easier than getting out of other policies. In term policies if you stop paying premium the risk cover ceases and the policy ends. Nothing is payable to you as there is no savings element in the policy.
Renewable: Many term life insurance policies are “renewable” and “convertible.” Renewability ensures that you can go in for another term policy without a medical exam at the end of the first term policy. Convertibility allows you to convert your term life policy into an endowment policy for the same sum assured with associated increase in premium, should this make sense during the term of the policy.

Shopping for a car during Holidays is no joke. Many individuals quickly find themselves unprepared and confused for the task ahead. A few of them leave the pursuit of finding the best deal and head home to enjoy the festivities. But, remember that Christmas is one of the top 5 holidays for making a car purchase. According to Iseecars.com, dealers offer 35.6% more deals during Christmas than any other time of the year.

Buy a Car: Make the Most of End-Of-Year Deals

If you want to buy a car during the end of 2017, do not walk down to the dealership before making a detailed analysis. Here’s how you can obtain the best deal and come home with a car.

The Search and Research begins: What does it involve?
Buying a cheap car that doesn’t meet your requirements is not a good deal. You need to find aggressive discounts on the type of car that you want. To find a vehicle of your choice, check the list of car rankings. You may find that many car related websites in the market provide detailed review of car models, enabling you to make an informed decision. Understand each car model’s performance against different cars and find your pick.

Also, one cannot stress the importance of having pre-approved financing during this time of the year. With a ready check in your hand, you will be able to grab the best end-of-year deals without letting them go to any other buyer. So, find your car and then make sure that you have money for buying it.

What’s the Scene at the Lot?
Compare end-of-year car shopping to a clearance sale. You may not find a wide-range of inventory at the dealership lot. Color options may be few. Or, you may find that different versions of the model are unavailable. Also, there will be several other people vying for the same car as you. On the other hand, you can enjoy great monetary benefits. Auto makers offers huge discounts to push slow-selling models and dealers are ready to share their incentives with you in the hopes of clearing space for 2018 car models. It results in incredible savings for you.

The Kind of Deals that you can Expect
Auto makers and dealers are offering different types of deals across the nation. Kelley Blue Book and US News are a few websites that offer detailed analysis of different car deals available during the Holiday Season. For example, you can obtain $6,250 cash back on the 2017 Chrysler 300. On, Hyundai Sonata, the cash back amount is even higher. 2017 Ford Mustang is offering 0% financing for 72 months along with $1000 in cash back. On Honda Accord 2017, you can avail benefits up to $2700 in the form of discounts. And, it is expected that the pricing will become more aggressive as the year ends.

This Christmas, Gift yourself the Comfort of Car

To truly enjoy the gift of car, you must be diligent in making the purchase. Do not say yes to the sticker price that the dealer offers you. Just because you will enjoy great financing deals and end-of-year offers, it doesn’t mean you cannot negotiate the price. Discuss the price of the car, involve the down payment angle in the negotiation and make an informed decision. If you feel that the salesman will overwhelm you with all the numbers and pressurize you to the close the deal, it is best to bring your support. Ask your partner or friends to join you in making the decision.

Stay smart, find the best deal and get ready for the perfect Christmas gift!