Takaful for Life: The Middle Age Years

Middle age is typically defined as the period of life between adulthood and old age. Roughly estimated to be around the ages of 40 to 60, those in this age group are generally perceived to be more financially stable as their income increases and financial risks decrease.

Your focus has moved towards building a comfortable retirement savings nest, and establishing some savings for your children’s continued education, you have a solid emergency fund in place and are also planning or putting together an estate or legacy plan to ensure your family and loved ones will be left with financial support in the event of your passing.

The middle age factor
Middle age contributes to a continued decline in one’s physical ability and health. In women, a change in hormone production will also lead to the onset of menopause. Weight gain can occur easily without continued physical activity, as well as increased risks of contracting high blood pressure, heart disease, diabetes, osteoporosis, bladder problems, or cancer amongst others.

We are more aware of our mortality during our middle-aged years and tend to reminisce about the past instead of planning for the future, especially as we approach retirement. For some, middle age is a second reliving of their teenage years, as they rebel against the notion of becoming older by reliving their youth, also known as a midlife crisis. If you’re more level-headed, use these years as a place to prepare yourself mentally so you can continue to be happy and productive in your later years.

This period of life is also an important place to take a step back and review your current financial progress. With old age approaching, we need to ensure our finances are sufficient to support our retirement years or start working towards that goal. We also need to avoid making risky investments especially if funds are already tight as we do not want to have to continue working, worry, and suffer through our old age.

Protection and security with PruBSN Aspirasi
If you’re not already a takaful participant, it is important you subscribe to a comprehensive protection plan immediately. Besides the risk of accidents and medical or financial emergencies, middle age is the last opportunity for you to get yourself protected with a Shariah-compliant takaful plan without having to pay exceedingly high fees or subject yourself to a thorough medical examination. The older you get, the higher your monthly financial contributions are likely to be, even more so if you are not in good physical health. Additionally, you want to avoid being denied receiving takaful protection altogether. Shariah-compliant takaful plans will also help assure your financial concerns relating to death, total & permanent disability, healthcare, accidents, and more.

Whether you’re looking for a new plan, or for one to supplement your existing protection plan, PruBSN Aspirasi provides additional coverage to your existing takaful plan by encouraging additional savings and investments through a fixed period of 15, 20, 25, or 30 years. You will receive an annual cash payout when you turn 40, as well as a lump sum maturity payout at the end of your coverage period. You will also be entitled to an additional death or total permanent disability payout of RM50,000 as well as a 200% accidental benefit based on the sum covered, on top of a compassionate benefit.

PruBSN Aspirasi provides you and your loved ones an additional layer of protection and a financial safety net whether any unforeseen circumstances occur. Let’s make your middle-aged years productive and financially secure, so you are prepared for any eventuality in your retirement years.

To get yourself protected, or to upgrade your current takaful certificate, contact our Takaful Agents today!