Term Insurance is an affordable life insurance product that provides life cover in case of the policyholder’s premature death. It is an essential addition to your portfolio, as it can provide financial security to your family in case of your untimely demise during the policy term.
Usually, people buy term life insurance coverage until the age of 60, and for good reasons. Let us take a look at the basics of term insurance to understand why paying for a policy till the age of 60 is a wise financial decision.