Life Insurance Services in Kandivali East, Mumbai

Term insurance is a type of life insurance that offers financial protection for specific period of time, or term, in exchange for a fixed premium. If the insured dies during the policy term, the benefit is paid to the beneficiary.    Here are some things to consider about term insurance:    Policy term Term insurance policies can be for 10, 20, or 30 years.    Premium payment Premiums can be paid at once or regularly for the entire policy term or for a limited period.    Policy types There are different types of term insurance plans, including level, increasing, and decreasing term plans.    Policy benefits Some policies offer benefits like terminal illness benefit and permanent disability waiver.    Tax benefits Some policies offer tax benefits on premiums paid and tax-free claims payout and returns.    Policy renewal If a policyholder renews their policy after the initial term, the premiums will be higher based on their current age.    Guaranteed re-insurability Some policies offer guaranteed re-insurability, but these features may cost more.

Life is unpredictable. So, it is important to ensure that your family and loved ones are taken care of financially in case something happens to you. This is where life insurance comes in. It can provide some financial peace of mind if the worst were to happen. Life insurance offers a way to replace the loss of income that occurs when someone dies. Life insurance is insurance for you and your family’s peace of mind. With a life insurance policy in place, you can: ·  Provide security to your family. ·  Protect your home mortgage, loans, credit card borrowings etc. ·  Provide finance to your loved ones to achieve their goals in your absence. ·  Ensure that your family is able to maintain their lifestyle, no matter what happens. ·  Take care of your estate planning needs. ·  Look at other retirement saving/investment vehicles.

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