manishpandye's blog

Retirement may be a long way off. It may be right around the corner. Perhaps it's already here. With 401k, individual retirement plans (IRA), and pension plans available, why have life insurance in the retirement plan?

Self completing

Do you have a family and/or a business?

If so, if you should die before reaching the age of retirement, do you want to be sure your family has a place to live, your business will be able to survive, and your family or business will not have to struggle financially?

Term Life Insurance is pure protection insurance for the person who insures his life. It is taken for a fixed duration to cover specific goals and liabilities such that if anything happens to the earning member, the family does not have to go through a financial crisis. The sum assured is roughly calculated on the basis of annual income and the amount required for fulfilling responsibilities. It is considered the most basic form of life insurance that provides the best cover for the least premium as compared to other types of life insurance plans.