Let’s talk about the unnoticed gift – the complete life plan for your child. By providing a lifelong coverage which is guaranteed and securing future insurability, thereby building cash value, this plan can serve as a crucial foundation for the future of the children financially. For the navigation of the complexities of life, the future of your child becomes strong with the help of guidance, structure and a roadmap provided by the life plan. It helps in bridging the gap between long-term aspirations and their current interests. This ensures the development of their skills as well as their mindset, which is imperative for well-being and success. 

Core reasons why a whole life plan is crucial 

• Clarify vision and values: The process of planning assists in articulating the core precepts, a compelling vision of the life of the children and a personal mission as well, thereby providing an ethical and moral compass. This forethought allows the children to make decisions which are aligned with the principles of the plan. 
• Development of essential skills: It is essential to create and then follow a plan which fosters strong life skills like decision-making, goal-setting, financial literacy and problem-solving as well. All these strong points are essential for navigating challenges and leveraging opportunities independently. 
• Supporting proactive behaviour: A plan redirects the focus from reacting passively to the events of life to designing a desired future proactively. This supports resilience, a growth mindset and initiative. 
• Navigating transitions: As we all know, our lives are full of transitions. Hence, this life plan helps in providing a framework for managing the shifts smoothly, thereby adapting to new circumstances. 
• Enhancement of well-being: Life planning often contributes to emotional as well as mental health by encouraging a sense of purpose and self-awareness. It assists in reducing anxiety related to the future, providing a sense of direction and control thereafter. 
• Potential maximisation: To identify the unique talents, passions and strengths of a child, a comprehensive plan can help with that. It also creates pathways for the children to develop their talents and passions fully, thereby pursuing a life which is fulfilling. 
• Estate planning tool: The plan can act as a foundational component of the future estate planning of your child. 

This proves to be a valuable asset provided by the parents to their child. It offers financial security as well as flexibility. This can only happen by establishing a complete life plan early. This helps to ‘insure’ the stability and future opportunities of their child. 

Conclusion

Eventually, a complete life plan is not about inflexible control; instead, it is about equipping your children with the perspective and tools for building a successful, self-directed and meaningful life on their own terms. Insure Horizons aims to build your child’s secure future. Mr Jas Hans helps many clients secure the future of their children. You can also be one of them. You can speak to our qualified financial advisor in order to understand how this plan can fit into your overall financial strategy. Start planning now so that you do not have to worry about it later in life.