Importance of Term Plan

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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Hi....I'm Founder of Icarus Wealth, Financial adviser, Positional Trader & trading coach. Very passionate about helping & empowering people to achieve their Financial freedom.

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Posted in Finance, Financial Planning

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