What is Term Insurance?
Term insurance is a handy form of life insurance. It protects you and your family from a number of eventualities, including disability and death. Term insurance plans are usually bought early on in life. However, if you are in your 50s and still have many responsibilities to fulfil, a term plan may be well-suited for you.
Reasons Why You Need Term Insurance in Your 50s
Different circumstances may have led to you starting a family later on in life. If, due to that, you have young children or are still repaying your loans, you may consider getting one of the term insurances plans after you turn 50. Use a term plan premium calculator to see what your insurance liability will be so that you can budget your expenses easily.
Given below are some of the reasons why you need to opt for term insurance even at …