Secure Your Family's Future With A Term Insurance Plan - PowerPoint PPT Presentation

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Secure Your Family's Future With A Term Insurance Plan

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An Investment insurance plan allows you to build a savings habit so that you enjoy life without any worry. Invest in the best investment plans and secure your financial goals. Click to know more – PowerPoint PPT presentation

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Title: Secure Your Family's Future With A Term Insurance Plan


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Secure Your Family's Future With A Term Insurance
Plan
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  • Often referred to as the original form of life
    insurance, term plan insurance provides life
    cover for a fixed duration at a fixed payment
    rate. It is the best and least expensive way to
    buy a substantial life cover at an affordable
    rate.
  • Traditionally used, this option has been
    preferred by most customers who have their family
    dependent upon them. Term insurance has a whole
    lot of benefits including inexpensive premiums,
    long life cover, and fixed payment amounts.
    Thanks to low premiums, these customers can
    invest in other savings and investment schemes to
    grow their assets.
  • While they have a lot of advantages, a few other
    risk factors are necessary to be considered. Most
    policies only pay if the policy holder passes
    away during the cover period. If the customer
    does outlive the cover period, he/she will not
    receive any refund. Also, to purchase a fresh
    premium at that age, one might need to shell out
    a higher premium amount. These are some of the
    risk factors that must be taken into account to
    ensure that customers choose the right cover.

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  • Also, since term plans do not have an investment
    component, customers need to independently assess
    their financial needs and purchase other
    investment options where they can grow their
    assets too. With sites offering competitive
    comparisons on different investment options, it
    is only easy to decide upon the proper strategy
    to create a great financial portfolio.
  • Consider a young, recently married couple-both in
    the early stages of their careers. With a lot of
    time ahead of them, a term insurance plan is an
    ideal option for them to buy. This way, in case
    of death of either partner, the surviving partner
    can still lead a comfortable life.
  • Not only is a term insurance plan a valuable
    option for double income families but also for
    single income families, where the earner must
    plan for comprehensive financial support for
    dependents.

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  • Term plans are not necessarily the perfect option
    for everyone each time. If a policy holder does
    not have any dependants, then maybe he/she does
    not need a term plan. Older people might consider
    purchasing a Best Investment Plan that offers
    them comprehensive life coverage along with
    endowment. There are also several term plans in
    the market that give you back the premium amount
    paid in case the insured person lives past the
    cover period.
  •  

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  • An individual must carefully weigh out different
    factors and taking a look at all choices that
    they have before settling down on the plan they
    need. Planned properly, you can give your family
    the protection and comfort they deserve, even in
    your absence.
  • Article Source http//EzineArticles.com/6124384

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