The best Term Policy in market?

Question

Am 40 yrs; am looking for a term policy to secure my family's future at least cost (with or without return of premium).

Have been suggested Birla Dreams (with returns)?

Also what is the ideal term for me?

Answer 1

The best insurance according to me is HDFC insurance

both in short term as well as in long term invest 1lac an get 1crore in 20 years(long term)invest 3lac an get 6lac in 5yrs.

for more contect 9811167701

email [e-mail]

Answer 2

The best policy you could buy will be from a company that pays their claims.

Check for companies which have been rated A++, A+, A, (excellent), by the A.M. Best company. They have been rating insurance companies claims-paying abilities for over 100 years.

If you look for a company rated by Standard & Poors, their A+ rating is lower than that of A.M. Best. S&P's rating comparable to A.M. Best's A+ is AAA.

The ideal term for you can be determined by a Financial Need Analysis by a professional agent. This program will help you determine, not only the type, but also the amount of coverage you need to take care of your family, should you be taken out of the picture.

Another coverage you may discuss with the agent is disability income, if you don't already have it. This will provide an income if you are sick or injured and can't work.

You could start with your auto/home insurance agent.

Answer 3

First off, let me tell you that I am a licensed life insurance agent in California.

Anyway, the best policy would be a 30 year level term policy.

Not decreasing, not variable, ONLY LEVEL.

And, hopefully you have your assets building up in the mean time. If you don't have any sort of retirement program, get one now as well.

I don't want to endorse any particular insurer, so you'll have to look for one yourself.

Answer 4

The best policy will be the one that you apply for and keep in force.  You can debate return of premium and none.  I dont look at life insurance as an investment rather protection.  The cost of the rider can sometimes make people stop paying for the insurance, Make certain that the company that you pick is an A or A+ rated company so that they dont disappear and will be there if a payout is needed.  Good Luck with you decision.

Answer 5

There is no "Best" product.  Each has it's place.

Don't just look at amount and cost, look at the features as well.  Paying $10/mo more per month for one product could be a better deal than the cheapest you can find.

Beyond that, I agree with the above, look for A+ or better companies.