Benefits of Term Life Insurance

Discussion in 'Personal Services in Dubai' started by insuranceuae, Jul 23, 2012.

  1. insuranceuae

    insuranceuae New IL'ite

    Messages:
    2
    Likes Received:
    0
    Trophy Points:
    1
    Gender:
    Male
    Term life insurance is the most cost-effective, simple, and appropriate insurance policy. The main advantage of term life insurance over permanent life insurance policy is cost. The policy provides a lump sum to the family of the life assured in case of death or critical illness.A term life insurance policy is essentially a death benefit payable only within a selected time period. Term life insurance offers you a greater level of flexibility over permanent life insurance.Term insurance policies provide the advantage of changing the term for a particular policy. For example, if you have a 20 year term policy, you can convert it into 14 or 15 years. For the death benefit, this policy offer advantage for a particular number of years. At the time of policy purchase, you have to decide the time period. You can buy your policy for 1 year, 5 years, 10 years, 15 years, 20 years, 25 years or 30 years.
     
    Loading...

  2. Iamgood

    Iamgood Senior IL'ite

    Messages:
    66
    Likes Received:
    11
    Trophy Points:
    23
    Gender:
    Male
    well said.. hi people dont confuse investment and insurance.. this is my humble request... if u want investment purpose please dont go insurance ( i mean more profit ).
     
  3. wasim

    wasim New IL'ite

    Messages:
    8
    Likes Received:
    0
    Trophy Points:
    1
    Gender:
    Male
    Life insurance offers you following benefits –
    • Life Cover
    • Long-term Savings
    • Life Stage Specific Planning
    • Tax saving
     
  4. Suzan

    Suzan New IL'ite

    Messages:
    1
    Likes Received:
    0
    Trophy Points:
    1
    Gender:
    Female
    Alongside the above mentioned post certain Life insurance also covers :-
    - Benefit plan
    - Accidental Death Benefit
    - Critical Illness
    - Terminal Illness
     

Share This Page