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  • Insurance Does it make sense to buy term insurance after 50?

    Does it make sense to buy term insurance after 50?

    Source: Financial Express Jun 9, 2015

    First things first, term insurance is not for you but for your family. It is the corpus that your dependents can use after your demise. Now, a pertinent question arises: Do you actually need term insurance after the age of 50 years? Well, mostly no, but there might be a few extreme situations where you have limited choice and buying a term insurance will be worthwhile.

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