Importance of Term life Insurance

We all would have heard it a hundred times that Life is unpredictable, but very few of us understand this. Just like our life, death is also unpredictable and we never know what will happen in the future. Therefore, it is important to be prepared for unseen events of the future and taking up a good life insurance is one of the sure fire ways to make our and our family’s future secure.

Term Life Insurance is an agreement between the insurer and policy holder that guarantees payment of a stated amount of monetary benefits at the end of a specified term or on the death of the policy holder. Life Insurance provides for financial security in the event of death or on the inability to earn due to physical disabilities.