Term insurance plans are one of the most popular forms of life insurance products because of the unmatched benefits they endow. These plansoffer your family a lump sum death benefit in the event of your untimely demise, that too at pretty reasonable premium rates.
The lower premium rates, the benefits offered and variety in payout structure have established these plans asa popular part of everyone’s financial portfolio. However, people still make mistakes and often don’t know what to look and what to overlook while buying a term insurance plan. Due tonot paying enough attention to the facts, individualscommit some very common mistakes while buying.
Updated by: Newsner source 2019-07-09 4:46 PM