Saturday, April 4, 2015

Traditional Life Insurance Products

Term Insurance Plans:

1.Term Insurance is valid only during a certain time period that has been specified in the contract

2.Only Death Benefit

3.A term insurance policy comes handy as an income replacement plan

4.Term Assurance can be bought as a standalone policy as well as a rider with another policy

5.In decreasing term insurance, the premiums paid remain constant over time

6.Term insurance plan is a good choice for an individual who needs insurance and has a low budget

7.Price is the primary basis of competitive advantage in term assurance plans.

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