Term insurance plans offer guaranteed protection in terms of sum assured for a fixed premium for a fixed period of time. In case the policyholder dies during theterm, the sum assured gets paid to the family. … The most cost-effective way of buying life insurance is therefore through a pure term insurance plan.

Life insurance is a good idea when you have a lot of financial obligations – i.e. kids, a mortgage, and other debt. Policygenius makes it easy to compare term lifeinsurance policies to find one that covers all your needs. … The death benefit is a lump sum of cash paid out by the life insurance company when you die.



WhatsApp chat