If you are
the single breadwinner of the family and looking for an insurance policy with a tight budget, then Term Insurance Policy is the best available option for you.
Not exact matches
They may be the primary
breadwinner in their
family or the situation may be that
of a
single mother pregnancy where the woman has to work to support herself and her yet - to - be-born baby.
Much
of the advice for
singles is similar to that for couples, but we'll aim to focus on the financial issues specific to the
single life, namely the fact that you're often supporting a
family on one income, you have less security because there's no second
breadwinner, and you have to be more self - reliant, especially if you want to plan for an independent retirement.
Single life means that the term plan will only provide cover for the life
of the insured party who is generally the
breadwinner of the
family.
Once upon a time most
families relied on the income from a
single breadwinner, and it was important for that
breadwinner to have sufficient life insurance coverage in place to protect the rest
of the
family.
It is a good way to provide for the financial future
of a
family with only a
single breadwinner.
With a
single time payment They can give financial security to their
family if the
breadwinner is lost unfortunately.there is no need
of paying premium every year.