Benefits of Having a Life Insurance Term Plan
- In the event of your unfortunate demise during your policy period, your financial responsibilities, like home loans, utility bills, etc., will fall onto your family. To prevent such situations, you can appoint a family member as the nominee while buying the policy to receive a lump sum amount.
Given the uncertain times we live in, life insurance is necessary for all. It allows you to secure your family’s financial future. While different types of life insurance policies are available in the market, many people prefer buying a term life insurance policy as it offers high coverage at an affordable premium. Let us look at the benefits of term life insurance.
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