Is it necessary to buy term insurance?
It is not mandatory to buy term insurance, but it is highly recommended to ensure financial security for your loved ones in case of any unforeseen circumstances. Term insurance provides a lump-sum amount to your beneficiaries in case of your untimely demise, which can help cover expenses such as loans, mortgages, and daily living costs. It is a cost-effective way to secure your family's future and provide them with peace of mind knowing they will be financially protected. Ultimately, investing in term insurance is a prudent decision to safeguard your family's financial well-being.
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27-Apr-2024 11:33 am
User Website : https://www.okbima.com/life-insurance/term-insurance-plans
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