FINANCIAL SECURITY OF YOUR FAMILY AT STAKE!!!

How do you ensure the financial security of your family even after your demise?

The answer is TERM INSURANCE       

Life is uncertain. Today you may be healthy, leading a happy life supporting your family emotionally and financially, but you can never tell what the future holds for you tomorrow. What if tomorrow you are gone? Who will support your family? Have you ever wondered about it? If not, then this article will help you understand what you need to do to avoid this situation.

 To make sure that your family is financially secure even after you are gone, opt for term insurance. Term insurance is a no-frills product that gives you very high life cover for very low premiums. But term plans do not give anything back at the end of the term (life cover period) if you outlive it. Although recently, insurance companies have come up with the benefit that in case of a survivor, the company would pay back a certain portion of the total premium paid. 

If you are still not convinced about why you should buy term insurance, the following are some important reasons:

1. Low premium - The premium for term insurance is less than that of other insurance policies. For example, a policy of 1 crore would have a premium of only Rs. 7000-8000 per annum.

2. High cover – You get the cover of 1 crore for a premium amount as low as Rs. 7000 p.a.

3. Provides financial security - An untimely death is unfortunate, and so are the financial liabilities that need to be borne by the family. To prevent such a situation from arising, it is a good idea to invest in a term plan that would take care of the financial needs of the family.

4. Low brokerage - Brokerage charges account for approximately 5 to 6 percent only. If you buy a term plan online, then there are no brokerage charges at all.