Life Care Insurance Tagged ‘term insurance’
There is a very popular debate in the insurance market about which insurance is better – whole life insurance or term insurance. Well, the answer to this question is not as easy as some experts may wants to portray. Both term insurance and whole life insurance have benefits of their own. And so, before drawing any conclusion term insurance benefits must be weighed well against whole life insurance benefits.
Term insurance comes for a period between one year and 30 years. And you can renew the policy once the existing term life insurance cover is over. It must be kept in mind that the insurance companies are very strict about the cover. So if the insurance holder dies even a day after the expiry date of the policy, the beneficiary would not be covered. Read the rest of this entry
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