3 Reasons Why You Should Buy Term Plan Early In Life
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Protection for loved ones needed even in early work life Misfortune doesn’t come with a warning. In early work life, you don’t have enough savings to protect your loved ones in your absence. A low cost, high coverage, term plan helps plug this gap in protecting your family when it needs it most.
Lower premium Due to lower risk of mortality at younger age, life insurance companies charge lower insurance premium for term plans bought by the young. As you grow older, you continue to pay the same premium. You pay a higher premium if you buy the plan later.
Good health lowers premium Good health, typically the absence of lifestyle and other diseases, at a young age, help the young buy large life insurance coverage, often without the usual comprehensive medical test.
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