Term Insurance

What is term insurance

The type of insurance which provides financial coverage to the insured person for a specific period of time, it is sort of disaster protection.

Term insurance is a life insurance which covers the policyholder financially for a specific period of time. Unfortunately, if the policyholder dies then the death benefits are paid to the beneficiary by the company. Either a lump-sum amount is provided to the beneficiary in the beginning or it can be a combination of monthly amounts and lump-sum one.

Benefits of term insurance

  • The lump sum amount in case of sudden death.
  • Financial security for the family.
  • A lump sum amount in case of accidental death.
  • A lump sum amount in case of disability or critical illness.
  • Supplementary income in case of accidental disability or illness.
  • See off loans and liabilities.

Need of Term Plans

  • The family of beneficiary gets coverage in case of death of the policyholder.
  • It covers future needs.
  • The policyholder can claim tax exemptions
  • List of a policy plan to choose from, the plan can be extended in case of a change in marital status and others.
  • Life insurance coverage for a low premium during the plan duration.

Recent Posts from Articles

Questions to ask your insurance agent

The customers have to compare insurance plan online to have sufficient knowledge about the reputation of the company in this regard and you can find o...

APR 08

Ensuring the peace of mind of your family members

The customers have to compare insurance plan online to have sufficient knowledge about the reputation of the company in this regard and you can find o...

MAY 25

Choosing the secured insurance plan

we consider insurances quotes compare so that he or she can assess the utility of a particular product.

JUN 12

Company
Quick Links
Link
Insurance

Subscribe to Our Newsletter