How Do I Choose the Best Term Life Insurance?

Term life insurance means that during the period agreed in the insurance contract, if the insured person dies or becomes totally disabled, the insurance company pays the insurance premium according to the agreed amount of insurance. If the insured person is alive after the expiration of the insurance period, the insurance contract will naturally terminate and the insurance The company no longer assumes insurance liability and does not refund insurance premiums.

Term life insurance

(Insurance name)

Term life insurance has the advantages of "low premium and high protection".

according to

Term life insurance is more suitable for four types of people:

First, people with low income and higher protection needs;

The second is young people who have just started their careers;

Third, employees of emerging companies

Fourth, partners in private enterprises.

The so-called "regular

Misunderstanding 1: term life insurance is not as good as life insurance

Unlike life insurance, term life insurance is a good choice for people with lower incomes and higher insurance needs (usually from family responsibilities).

Misunderstanding 2: you can buy other life insurance without buying other insurance

Term life insurance is comprehensive, with low premiums, accidental death, and disability protection. However, the term life insurance cannot provide targeted protection, especially for the top pillars of the home. A major illness insurance is very important. The protection is targeted and the protection amount is high.

Misunderstanding 3. Insure if the terms are not clear

Pay attention to renewable and convertible terms when purchasing term life insurance. The age and number of renewals of the "renewable" policyholder cannot exceed the requirements of the insurance company; the "convertible" policyholder does not need to provide the insured's guarantee when exercising the conversion right. These two clauses are designed to meet the higher protection needs of policyholders.