On 03-Nov-2023 By 4SL TEAM
Term insurance is a form of life insurance that offers coverage for a predetermined duration at budget-friendly rates. Unlike other life insurance plans, it is a straightforward product solely focused on providing life protection, devoid of any savings or investment features.
Its simplicity translates to affordability, making it an accessible choice for individuals seeking to secure their family financial well-being. In the unfortunate event of the insured persons demise within the policy term, their chosen beneficiaries receive the death benefit from the insurance provider.
Now, lets delve into the crucial aspects of a term insurance plan.