Wealth Accumulation

Wealth accumulation insurance is a strategic financial tool designed to help you grow your savings while providing protection for your loved ones. Combining life insurance with investment opportunities, this policy allows you to build wealth over time through regular contributions and potential returns. With wealth accumulation insurance, you can secure your financial future while enjoying your safety net knowing your family is protected.

Rule Of 72

How long it will take your money to double Divide 72 by Rate of return. If your investment earns 18% p.a. IL will double every 4 years.

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50-30-20

This rule suggests that 50% of your income should go to your needs 30% to your wants and 20% for your savings This rule may not work for everyone, but it is a good starting point.

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10-5-3

One should have reasonable expectations of returns 10% rate of return – equity/Mutual funds 5% interest rate – Debts 3% interest rate – Savings account.

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40% Monthly Repayment Rule

Never go beyond 40% of your income to service loans and mortgage payments A borrower’s monthly repayments should be well below 50% of income.

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Emergency Fund Rule

Put 6x monthly expenses in an emergency fund for emergencies such as loss of job or medical emergency.

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4% Rule For Financial Freedom

This rule is a common rule of thumb to avoid running out of money in retirement It states that if you can comfortably withdraw 4% in the first year of retirement and 30 years subsequently.

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Insurance Coverage

Often overlooked, Insurance plays a pivotal rule in safeguarding one’s financial wellbeing. Aim to be covered for at east 10x your yearly expense.

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Rule Of 70

How fast the value of your investment will be reduced to half its present value Divide 70 by the current inflation rate. If rate is 3.5% value will be reduce to half in 20 years.

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