Sentences with phrase «need pure death benefit»

Not exact matches

A pure LIC term insurance plan which provides for the payment of the death benefit in case of unfortunate death of the life insured so that the family can take care of their financial needs in the absence of the bread - winner.

Likewise, if someone is simply seeking term life insurance, there is no need for any cash or refund feature, as they would actually only be seeking pure death benefit protection at the best premium price.

By going for a higher sum assured (in case of pure term plan), policy holder has ensured higher death benefits, which is what you need from an insurance product.

Criteria will also include the size of the business, the amount of death benefit required, and whether or not the company has a need for a cash value build up component versus just pure life insurance protection.