Reposting this article.
The first step of a sound Financial Planning & Financial goal setting is having a pure term insurance policy. which will take care all the financial need & requirements of a family in the absence of a breadwinner or earner of the family.
Let me share you some insights regarding Financial well being & financial security of dependents.
Term plan is a type of life insurance policy that provides coverage for a certain period of time & will ensure the financial protection for once family. A term life insurance policy is a pure life cover. This is the cheapest form of life insurance cover.
A person can take 10 or 15 times cover of his annual income.
How a Term plan works.
Mr. Rahul, age 28, a software professional, has three dependants – his parents and his wife. Rahul’s annual package is 7 lakhs is good enough to support his family…
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