what should be the term of my term plan
TRANSCRIPT
One of the factors you should consider when..
Buying a Term Plan is….
…the duration of the term plan
15 Years, 20 Years, 25 Years…Up to 30 Years
Insurers offer term plans with different tenures…
You should determine the duration of your term
plan based on the risk factors in front of you…
And the time left for your retirement…
A Term Plan should Help you with…
Protecting your Savings…
Finance your family’s monthly
expenses if you are not around…
Help support your financial
goals when you are not around…
A Term Plan should provide
the following Benefits…
Adequately fund your family’s life
journey in your absence…
Replace your monthly income with
a steady flow of money…
Service and aid foreclosure of outstanding loans
Take care of medium term expenses…
Provide lump-sum amount for key life-events. (Ex.
Higher education, marriage, etc. )
The Duration of your Term Plan should
be based on:
Your time to retirement Your financial goals&
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