Buy Your Term Insurance the Modern Way, Online

1
Buy Your Term Insurance the Modern Way, Online
2

• Now that so many term life insurance policies are
  available online, it makes sense to use this
  option when you are looking for protection for
  your family, you can take your time to consider
  all the different types of term insurance, and
  the different rates available. There's a ready
  supply of information, which puts you in a
  position of knowledge and will help you to make
  the correct decision.
• There are several different labels applied to
  term insurance, but basically it comes down to
  three different types.

3

• First, there is Level Term Insurance. This is
  designed to pay out a lump sum on the death of
  the life or lives assured, this type of policy
  can be used to cover immediate expenses i.e.
  funeral estate taxes outstanding debts, this type
  of term insurance can be written on either a
  joint or single life basis.
• Perhaps the best-known type of insurance is that
  associated with a mortgage, which not
  unsurprisingly is called Mortgage Term Insurance.
  It is designed to cover the declining balance on
  the outstanding mortgage on your home. It is a
  very cost-effective type of term insurance
  because it is covering a reducing liability as a
  mortgage comes down so does the level of cover.
  This type of life insurance can also been written
  on either a single life, or join life basis.

4

• The third main type of term life insurance is
  Family Income Benefit, unlike the previous types,
  as its name suggests this type of policy is
  designed to pay a regular income, rather than a
  lump sum. This type of policy has been rather
  overlooked until recently, but now that interest
  rates are so low, it is gaining in popularity,
  because of the extremely large amount of capital
  that is required to be invested to produce a
  reasonable level of regular income. By taking the
  Family Income Benefit route, you can sometimes
  save as much as 50 of the premium cost.

5

• All the above types of policy can have various
  additional benefits added for instance, critical
  illness cover, guaranteed insurer ability
  options, automatic renewable options, etc
  obviously not all companies offer all the
  benefits, and it does require you to compare the
  cost of the policy with the benefits provided.
  However, by shopping for your life insurance
  online, you are better able to do this for
  yourself and hopefully will end up making the
  correct decision.
• Term insurance policy is a very low-cost option,
  and while some would argue that it is better to
  go the whole of life route, with such a low-cost
  option, there is no need for any family to be
  without some life insurance or term insurance
  protection.
• Source http//ezinearticles.com/?Buy-Your-Term-I
  nsurance-the-Modern-Way,-Onlineid176171

6
Follow us on
https//www.facebook.com/bajajallianzlifeinsurance
ltd
https//www.linkedin.com/company/bajaj-allianz-lif
e-insurance-co-ltd-
http//plus.google.com/bajajallianz/posts
https//twitter.com/bajajallianzLIC
https//www.youtube.com/user/jiyobefikar
https//instagram.com/bajajallianzlifeinsurance
7
Click to know more on Term Insurance Policy
https//www.bajajallianzlife.com/term-insurance/te
rm-plans.jsp
Thank You