Term life  

Posted by the Writer

Term life insurance is one of the cheapest form of protection. It's coverage is a predetermined number of years and when it matures, you don't get anything in return. That's why it's so cheap which makes it affordable and a good first-insurance product for insurance newbies. Some people with financial know-how may choose to buy a term life insurance for protection with little premium and that complement the investment side with an investment linked or an endowment product. But in the end, it's what's suitable for you that's important. If it's not something you can afford (because investment linked/endowment products can be pricey), just pick something you can afford at the moment and when you can, update your financials accordingly.


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