Sentences with phrase «buying term life insurance cover»

The other aspect is the cost associated with buying term life insurance cover.

Also, investing in a basic personal accidental insurance policy is way cheaper than buying a term life insurance cover.

But the return of premium for term life insurance increases with increase in age thus it is important to buy term life insurance cover at the earliest in your life.

Online term insurance plans is easily the most convenient method to buy term life insurance cover.

Not exact matches

Some people buy term life insurance as a supplement to a whole life insurance policy, to cover specific financial needs, such as a mortgage or college tuition.

If you do not have adequate life cover, kindly buy a term insurance plan and then discontinue this plan.

Dear Suman, If your requirement is life cover, kindly buy a term insurance plan (if you do not have one) and you may surrender this plan.

Life insurance can be bought either as a permanent life insurance policy, covering your entire life (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of tLife insurance can be bought either as a permanent life insurance policy, covering your entire life (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of tlife insurance policy, covering your entire life (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of tlife (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of tlife insurance policy, covering a given period of time.

Dear Kapil, Suggest you to buy a Term insurance plan with adequate life cover and then discontinue these policies.

If you want to save some taxes, and do not have sufficient life insurance cover then you may buy a good Term insurance plan.

4 — If you have dependents and / or have financial liabilities / obligations, you can buy a Term insurance plan with adequate life cover before discontinuing the above two life insurance policies.

Suggest you to buy an independent term plan with basic life cover + a stand - alone Personal Accident Insurance plan.

Kindly note that if your requirement is life cover, you can buy a Term insurance plan (if you do not have one) and discontinue these policies.

One can also consider splitting of term insurance policies ie buying additional cover depending on the life stage.

Term life is the the right kind of life insurance for most people, and it's kind of policy you'll want to buy to cover a debt like student loans.

Most people buy term life insurance to cover their working years, or any term between ten years or thirty years.

If you do not have any life insurance cover, suggest you to buy a term insurance plan immediately (if you have dependents / financial liabilities).

If your requirement is to get adequate life insurance cover, kindly consider buying a Term life insurance plan.

If you do not have adequate life insurance cover, suggest you to buy a Term plan cover at the earliest.

My dad bought a term life insurance policy thinking he was covered — but he was wrong.

For life cover, one can buy a Term insurance plan.

Buying a term life insurance policy would provide your loved ones with a death benefit (paid to your named beneficiary upon your passing), which would help cover the costs that you normally covered.

A term life insurance policy covers you for a specified period, depending on the term length you chose when you bought the policy.

With long - term care insurance, you buy it and start paying premiums when you're relatively young, in order to help cover care costs should they occur later in life.

When buying term life insurance, it's important to purchase enough coverage to ensure your family has the money it needs to cover funeral costs and to maintain their current standard of living.

Customers buying a term policy to cover a mortgage obligation may find Return of Premium term life insurance to be particularly appealing.

In the meantime if you still need coverage, you might want to consider buy a term or guaranteed universal life insurance policy prior to cancelling your whole life policy to make sure you are covered.

A term life insurance policy covers you for a specified period, depending on the term length you chose when you bought the policy.

In this article I'll cover some reasons why you should consider buying a term life insurance policy, how much life insurance you should buy, and I'll give some examples of quotes for a term life insurance policy for a 30 year old, 40 year old and 50 year old woman.

Buying term and invest the difference means you will use an amount equivalent to what it will cost to purchase a permanent life insurance plan, and then compare this to the expense of a term policy for a similar face amount covering the time period it is required.

Work Term Life 65 — This type of Term policy, which is only available through Prudential life insurance, allows you to buy at any age and will cover you specifically to ageLife 65 — This type of Term policy, which is only available through Prudential life insurance, allows you to buy at any age and will cover you specifically to agelife insurance, allows you to buy at any age and will cover you specifically to age 65.

Although you could potentially be covered up to age 95 with term life insurance, you buy it for periods of time called terms such as 10, 15, or 20 years, which means to premiums are guaranteed to stay level for that initial term.

Plus, even if you buy term life insurance to cover mortgage payments, the amount that is owed on your home becomes less and less with each payment.

And for those of you who are worried about the term expiring before the mortgage is paid off, 30 year term life insurance can be bought to cover the life of the mortgage.

The ability to cover temporary needs is a main reason why so many families and businesses buy term life insurance.

Life insurance consumers over age 70 typically only buy term life insurance to cover short term needs, but it will give you the biggest amount of life insurance for the lowest cLife insurance consumers over age 70 typically only buy term life insurance to cover short term needs, but it will give you the biggest amount of life insurance for the lowest clife insurance to cover short term needs, but it will give you the biggest amount of life insurance for the lowest clife insurance for the lowest cost.

There is generally no medical test for life cover up to Rs. 25 - 30 lakhs, for a healthy person when you buy a term life insurance policy.

You buy term life insurance to cover a temporary need; however, just because a need is temporary does not mean that it is short - term.

The death claim values are small in nature for savings plans and there are hardly any frauds because if someone indeed wanted to fraud the insurance company (which is a big reason for claims rejection), they would buy term insurance because it gives high life insurance cover with very low premium.

It makes sense to buy long - term disability insurance, in addition to your life insurance, to help cover all of your monthly expenses during a disability.

When buying a term life insurance policy, our standard advice is to buy a policy with a term length that covers your longest financial obligation.

ON TOP OF THAT COVERAGE, they're buying a term life insurance policy to cover them until they hit retirement.

Term life insurance policies only cover the policyholder for a certain, preset number of years, after which they expire and the policyholder will have to buy a new policy, often at increased premiums due to advanced age.

Term life insurance is also a good buy if you own a business and need funds to cover your business expenses if you die prematurely so your loved ones don't have to be burdened with the leftover business costs.

When you buy a term plan, you provide a basic protection cover to your family against any threat to your life; and the insurance company pays the sum assured to your nominee in the event of your death.

Although term insurance covers you for life, it is bought in chunks of time such as a 20 year term policy.

Buy your first Term Insurance Plan with basic life cover during Stage 1 when you start working and are single — from age 20 - 27 to go on till Stage 5, i.e. till age 51 - 55 years, or till 60 if you can get it.

Illustration: Raveena buys a term insurance for INR 1 Crore and and buys the Option of Increasing the life cover rider for 20 Years.

The least you can do is to buy a term life insurance policy which happens to be the least expensive, to cover those years of your child when he or she is most vulnerable.

Another reason to consider term is that if you want to include your life insurance in an estate planning scenario, you could need to buy a longer term so you might need a term policy that covers you into your 80's or even longer.