How to Choose the Right Term Plan for Your Family
A term policy is a pure form of life insurance plan that offers monetary benefits if the nominees make a successful death claim. A term insurance plan does not have any maturity or surrender benefits, resulting in a higher cover at an economical cost. You can purchase a term plan to ensure the financial security of your loved ones in your absence.However, you can provide your family members with adequate financial coverage only if you can find a suitable term insurance policy. Here is a list of certain aspects to check out before buying such a policy.
PremiumA key advantage of a term plan is that you can purchase it at an affordable price. The payable premium for your policy will be considerably lower than other life insurance policies. However, the premium of a term life...