Check out informaiton about term insurance plan

1
Term Insurance

• The original form of Life Insurance

2
Uses of Term Insurance?

• Term life insurance is chosen in favour of
  permanent life insurance because term insurance
  is usually much less expensive.
• An individual might choose to obtain a policy
  whose term expires near his or her retirement age

3
Why should one have Term Insurance

• When you have dependents but dont have enough
  assets to provide for them after your death.
• To protect your family from financial risks in
  your absence.

4
Term Insurance is not Life Insurance

• The most important aspect about term insurance,
  that most people fail to consider, is that its
  not really life insurance as it is generally
  claimed to be.
• A term insurance, after all, does not insure your
  life. It will not save you from dying.
• In reality, a term insurance is a cash flow
  insurance it insures the cash flows your family
  would need to survive, whether you are alive or
  not.

5
Should I Choose Term Insurance or Life Insurance

• When you buy term insurance, generally you are
  planning on reaching a point where you will no
  longer need life insurance. This type of
  insurance should be used in conjunction with a
  good savings and investing program. You should
  also work on becoming debt free.
• Once you have a significant amount in the bank
  your family would no longer need the life
  insurance policy to continue with the same
  standard of living as they had before you passed
  away.

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