It is designed for
those seeking pure protection with value accumulation and final expense protection.
Not exact matches
The uptake of
pure term insurance is increasing because people have started to appreciate its value as an instrument for financial security and
protection and not
seek returns commensurate to those on savings or investment contracts.
Here, death benefit only
protection is offered for those who are
seeking pure life insurance coverage.
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.
With the insurance regulator also pushing for more
protection or
pure term products, insurers have also
sought a separate exemption limit for term insurance.