It often becomes difficult for the agents to make them understand that term plans cover only the death risk and the coverage amount is quite large in comparison
with other life insurance plans.
Even if you have been turned down
for other life insurance plans, you can still get guaranteed approval life insurance if you meet the age requirements.
Applying is fast and easy Unlike
many other life insurance plans, when you apply for CoverMe Easy Issue Life insurance plan, no lengthy health questionnaire or medical exam is required.
Term plans help in better financial planning as it also helps the insured to save a significant amount of funds, which he, otherwise would have spent as premium
in other life insurance plan.
With Renewable Term Insurance a person can continue the existing policy provided he / she pays the premiums, even if the health of the insured or other factors could be a reason for rejection
with other Life Insurance plans.
Applying is fast and easy Unlike
many other life insurance plans, when you apply for CoverMe Easy Issue Life insurance plan, no lengthy health questionnaire or medical exam is required.
Having the added security of mortgage life insurance means that neither your family or estate will need to use funds from
any other life insurance plan to pay your mortgage.
These policies, just like
any other life insurance plan, do not specifically pay for funeral goods and services.
Other life insurance plans might offer greater flexibility or a better value.
Term insurance plans are very cheap compared to
other life insurance plans.
This makes term plans the most affordable form of life insurance as premiums are cheaper compared to
other life insurance plans.
They are the most affordable form of life insurance as premiums are cheaper compared to
other life insurance plans.
Hi Uday, If you don't have
any other life insurance plan, suggest you continue with this plan.
However, there is a maturity benefit in all
the other life insurance plans.
Another highlight of a term insurance plan is that it offers relatively lower premium in comparison to
other life insurance plans.
Can u pls suggest which and all point to check and confirm before taking a term plan and
any other life insurance plan, if u r serving in merchant navy.
Do you have
any other life insurance plan apart from this?
Term plans are more affordable than
other life insurance plans.
The main thing you have to consider before deciding if mortgage life insurance is right for you, is
other life insurance plans that you may have.
The sum assured or coverage offered by term insurance plan is comparatively far higher than
any other life insurance plan.
If you compare it with
other life insurance plans, in terms of the amount of premium, it is much more cost effective and suits the financial budget as far as paying premiums are concerned.
So, the ticket size of a term insurance for a similar sum assured works out much lower than
other life insurance plans.
Do you hold
any other life insurance plan (s)?
If you have low returns compared to
other life insurance plans, it is time for you to review your life insurance plan and exit.