An important part of financial planning is Life Insurance. Many buy life insurance to cover the income which may be lost with the death of an earner. The money given out on your death by a life insurance company helps to ensure that your dependents are not burdened financially when you die.
While buying life insurance, you should look for a policy which will fit your needs and also not cost much. First decide how much cover you need, what amount you can afford to pay and also the type of policy you will need. Next, try to find what different insurance companies are charging for the kind of policy you have decided to buy. Now compare Surrender Cost Indexes and Net Payment Cost Indexes of similar policies from competing companies. Your chances of buying a relatively good policy will be better if you not shop like this.
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About Me
- Gitangsu Adhikari
- A 19+ years multitask professional, I have recently given up my full time job to go online and earn while I help others learn and earn. I am actually here to try and build an online community of like minded people who would ultimately contribute to help and build a better, more patient & understanding world. Reforming or mentoring is not my forte. But together, we can achieve what one cannot do single-handed. Come, let us at least try to begin this change.