Term Life Insurance Premium – Why it is not good to pay till 85 years?
Term Life Insurance Premium nowadays most people are thinking to pay till 85 years of age. I really appreciate the persons who are taking this insurance instead of traditional Endowment or Money back policies. Read this article, Why you should not buy the Unit Linked Insurance Plan for tax-free maturity purpose?… Most Investment Advisers like me advise our clients to take the term insurance till age 55 or 60. In addition, We sometimes recommend once you accumulate your targetted corpus stop paying term life insurance. So, sometimes no need for premiums till 55 years also. Now, Let’s understand with calculations …