ALIFE insurance policy provides financial security to one’s dependents if the breadearner of the family dies during his earning life. It is ideally purchased in the early stage of life and for fairly long duration.
Some conscientious people prefer the policy term to coincide with retirement or the age when he would have finished all his responsibilities towards dependent family members. In such a scenario, it is not unusual to buy more than one life insurance policy during the initial five to 10 years with varying features of life cover and maturity benefits to suit the requirements at different life stages.
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