Check out informaiton about term insurance plan - PowerPoint PPT Presentation

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Check out informaiton about term insurance plan

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There are most online insurance websites, that only promise a quote, aegonreligare.com will give you a best term insurance plans in real time. The best part is that you can compare quotes-with or without the help of an agent. You can also apply right online. – PowerPoint PPT presentation

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Title: Check out informaiton about term insurance plan


1
Term Insurance
  • The original form of Life Insurance

2
Uses of Term Insurance?
  • Term life insurance is chosen in favour of
    permanent life insurance because term insurance
    is usually much less expensive.
  • An individual might choose to obtain a policy
    whose term expires near his or her retirement age

3
Why should one have Term Insurance
  • When you have dependents but dont have enough
    assets to provide for them after your death.
  • To protect your family from financial risks in
    your absence.

4
Term Insurance is not Life Insurance
  • The most important aspect about term insurance,
    that most people fail to consider, is that its
    not really life insurance as it is generally
    claimed to be.
  • A term insurance, after all, does not insure your
    life. It will not save you from dying.
  • In reality, a term insurance is a cash flow
    insurance it insures the cash flows your family
    would need to survive, whether you are alive or
    not.

5
Should I Choose Term Insurance or Life Insurance
  • When you buy term insurance, generally you are
    planning on reaching a point where you will no
    longer need life insurance. This type of
    insurance should be used in conjunction with a
    good savings and investing program. You should
    also work on becoming debt free.
  • Once you have a significant amount in the bank
    your family would no longer need the life
    insurance policy to continue with the same
    standard of living as they had before you passed
    away.

6
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