Three must have add-ons for your term plans
Posted by Jessy Jose on February 27th, 2018
A term life insurance policy is a way to ensure that your family or nominee gets an amount sufficient for them to survive for some time after you pass away. This type of insurance is preferred by many since it comes at a low premium and the insurance pay-out is quite sufficient. A term plan is also an easy form of insurance and anyone who is not familiar with financial terms and processes can understand this type of insurance easily.
However, only a term plan is not sufficient security for a policy holder. A term life insurance plan will only give you returns if the policy holder does not survive the term of the insurance, but there are other instances that may render someone incapable of working, such as disability, loss of mobility etc. and in such cases your term insurance policy will not help you financially at all.
To overcome situations such as these, the policyholder can buy add-ons to their term plans. These add-ons or riders can help you supplement your income if you are faced an unforeseen circumstance like an accident, or a serious illness. Here are some add-ons that you must absolutely invest in.
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About the AuthorJessy Jose
Joined: November 29th, 2017
Articles Posted: 16
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