Get started on your free term life insurance quote now or speak with a licensed aig direct life insurance agent today. The reason for this is that term life insurance is sold in bands of time where the guaranteed coverage is in force.
Planning To Opt For A Term Insurance Plan Check Plan Benefits
You purchase this insurance for a set amount of time or a term often in 5 10 20 or 30 year increments.
What are the benefits of term insurance. Its usually at a set price which means you pay the same amount of money for the policy ever year until the term is up. Some term insurance plans may provide a higher death benefit for annual premium payment than for say the other. For example max lifes online term plan plus offers a 28 year old non smoker a life cover of rs.
Since term insurance plans only promise a death benefit the lack of any return on plan maturity is a common dilemma. Another one of the term insurance benefits of aegon lifes term policies is that women and non smokers are charged lower premiums. The benefits of term life insurance are similar to the benefits of whole and universal however they have a shorter period of coverage.
5 year term insurance plansin a 5 year term insurance plan the premium remains the same throughout the period of five years and the term insurance buyers have the option to pay the premium monthly quarterly half yearly or annually. The death benefit would be paid by the insurance company if the insured died during the one year term while no benefit is paid if the insured dies one day after the last day of the one year term. Click or call one of our licensed life insurance agents today.
One of the major benefits of term insurance is its low cost particularly if you buy online. You can apply directly over the phone. The simplest form of term life insurance is for a term of one year.
This term life insurance product allows you to choose the amount of coverage you feel necessary to help provide security for your family in the event of death plus the death benefit doubles if death is a result of a covered accident. This coupled with unawareness of the term plans importance is the main reason why term insurance plans are given a miss by many of us. Premiums for term life coverage are at all time lows.
Term insurance offers few of those advantages that you cant get with traditional life insurance policies. Term insurance is the cheapest form of insurance. Riders aegon lifes term insurance plans offer you a variety of both in built as well as add on riders.
When a policy is bought online the benefit of cost save is transferred to the customer. 1 crore for a premium of just rs. It has several benefits.
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