In now-a-days world of economic virtues no one can dream without insurance in the
Life insurance in
There are two kinds of policies here-: Term life insurance
These are usually the working years of life, along the time when children are young and need special looking-after to raise them up and to pay for their education. In term insurance, as the period of coverage ends, the policy is considered invalid thereon, unless renewed. If not renewed, this is the end of the transaction between the insurer and the insured. Or you may go in for insurance with other insurers.
You may also avail to whole life insurance which offers insurance permanently, that is through your lifetime. This type of insurance is much more expensive and that too with a lower death benefits as a general rule, considering the 'old age' factor of the insured person and the inevitable health issues that the insured person is likely to face.
This policy also means paying yearly premiums until death. However, there can be an option to pay up all premiums quickly over a period of ten to twenty years and enjoy a lifetime of coverage as the while the policy stays in force. Another advantage with whole Life Insurance
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