3. Definition: -
Standard of living generally refers to the level
of wealth, comfort, material goods and
necessities available to a certain
socioeconomic class, in a certain geographic
area.
Source:- investopedia.com
4. So when we talk about the concept
“standard of living” what comes to
your mind?
House Housemaid
Car Utilities
Holidays Etc
5. We all have different standard of living.
Some
Lives
In
Apartments
Some
Lives
In
Bungalow
6. What do you think support all this,
It is none other than income.
Income is the main
influencing factor
for your standard of
living.
7. There are four main components that
can endanger your income and
standard of living.
Death Illness Accident Retiremen
t
8. Let us start with retirement,
Income
SOL Retirement
House
Car
Holiday
s
Clubs
Utilities
Maid
Etc
Time
9. when you retire, the source of your income stops,
Income
Without source of income
your standard of living will
SOL drop. Retirement
House
Car
Holiday
s
Clubs
Utilities
Maid
Etc
Time
10. Second factor is illness, When you fell critically
ill and unable to work,
Income
SOL Illness Retirement
House
Car
Holiday
s
Clubs
Utilities
Maid
Etc
Time
11. Your income will stop.
Income
SOL Illness Retirement
House
what
Car worse is
Holiday heavy
s medical
Clubs cost, on
Utilities top of
normal
Maid
every day
Etc expenses. Your standard of
Time
living will drop too,
12. The third factor is dying prematurely;
Income
In this case you are out of picture
SOL Death Illness Retirement
House
Car
Holiday
s
Clubs
Utilities
Maid
Etc
Time
13. Your family members and your love
ones will suffer
Income
Because your income has been disappeared.
SOL Death Illness Retirement
House
Car
Holiday
s
Clubs
Utilities
Maid
Etc
Time
14. The fourth factor is accident.
Income Life is uncertain we have no chance
to have good luck or bad luck that
may be fall on this.
SOL Death Illness Accident Retirement
House
Car
Holiday
s
Clubs
Utilities
Maid
Etc
Time
15. These consequences of a major
accident are
Income Permanent disability or a temporary
disability; your income is stop.
SOL Death Illness Accident Retirement
House
Car
Holiday
s
Clubs
Utilities
Maid
Etc
It could mean that your standard Time
of living is affected too.
16. Have you ever asked yourself the
following few questions;
Death Illness Accident Retiremen
t
17. U What will happen to your loved ones if
you leave than suddenly and forever?
U What will happen if an accident or
illness bankrupt your family and force
them to suffer financial hardship for
life?
U When do you think most people
realize that they don’t have enough
money for retirement?
18. Our Role
Now our role is to
share with you how is
to protect your
standard of living,
rather than waiting to
these factors
happens. You can
start planning now.
19. The final question is that will you
be living your family and loved
ones
