One of the factors you should consider when..
Buying a Term Plan is.
the duration of the term plan
15 Years, 20 Years, 25 YearsUp to 30 Years
Insurers offer term plans with different tenures
You should determine the duration of your term
plan based on the risk factors in front of you
And the time left for your retirement
A Term Plan should Help you with
Protecting your Savings
Finance your familys monthly
expenses if you are not around
Help support your financial
goals when you are not around
A Term Plan should provide
the following Benefits
Adequately fund your familys life
journey in your absence
Replace your monthly income with
a steady flow of money
Service and aid foreclosure of outstanding loans
Take care of medium term expenses
Provide lump-sum amount for key life-events. (Ex.
Higher education, marriage, etc. )
The Duration of your Term Plan should
be based on:
Your time to retirement Your financial goals&
Have you reached out to a consultant yet?
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