Term Life Insurance

1
Term Life Insurance
2
WHO SHOULD BUY A TERM LIFE INSURANCE?

• Anyone with financial dependents should buy a
  Term Insurance Policy. This includes young
  professionals with dependent parents, married
  couples, parents, business people and
  self-employed, SIP investors, and in some cases,
  even retirees.

3

• Parents Parents are generally the sole source of
  financial support for their children. The needs
  of children extend from school fees and living
  expenses to hefty university fees, later on in
  life. The unexpected demise of a parent can
  jeopardise their future and deprive children of
  lifes opportunities.
• Newly-married Roses, chocolates and movie
  tickets are great, but heres a truly
  long-lasting gift for your spouse term
  insurance. This gift will give your spouse more
  than momentary joy, and it will secure their
  future. Term Life Insurance assures the spouse of
  financial support in the case of the insured
  persons death and should be purchased as soon as
  possible by married couples.

4

• Working Women The women of today are on an equal
  footing with men, whether it be managing their
  finances or providing for their family. Today, a
  family is as dependent on the womans income as
  it is on the mans. This dependency brings with
  it the need to financially secure your loved ones
  in case something happens to you.
• Young Professionals Young professionals are just
  starting their careers. Many of them are not yet
  married and have no financial dependents. However
  this is likely to change in the future as they
  get married or support their parents/relatives.
  Such individuals should buy term insurance now
  rather than wait.

5

• Taxpayers Term Insurance premiums paid are
  allowed as a deduction from taxable income
  under Section 80C of the Income Tax Act, 1961.
• Self Employed As a self-employed person, you
  face many challenges. Unlike salaried
  individuals, you do not earn a fixed monthly
  income you have an uneven source of income that
  depends on the ups and downs of the market. Plus,
  you may have also taken a business or personal
  loan from creditors, banks, or even your family
  and friends.
• Retirees Retired persons need to have term
  insurance if they have dependant spouses or
  families. Buying term life insurance can also be
  a way of leaving an inheritance for their
  families.

6
Thank You