Weighing the Pros and Cons of Multiple Term Insurance Plans

Term insurance is a type of life insurance policy that assures financial protection for your loved ones in your absence. It is term-based insurance, which means the nominee gets financial cover in case of the policyholder’s demise within a specified time period. However, the insurance payout cannot happen once the policyholder outlives the term of the insurance. Term insurance policy is an essential investment for safeguarding your loved ones’ financial security. At the same time, it is also essential to be prudent when you choose the sum assured. The same should be sufficient to support the family’s continuing expenditures as

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