Term Insurance

What & Why of Term Insurance

Term life insurance is a straightforward and affordable policy that provides financial protection to your loved ones in the unfortunate event of your death. Unlike whole life insurance, it offers coverage for a specified period, typically 10, 20, or 30 years, and pays out a lump sum (death benefit) to your beneficiaries if you pass away during the policy term.

The importance of term insurance lies in its ability to provide a financial safety net for your family, ensuring they are protected from debts, living expenses, education costs, and other financial commitments. It offers peace of mind by guaranteeing that your loved ones are taken care of in your absence, safeguarding their financial future. Read more

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