Which life insurance is best for me?

Question

Which life insurance is best for me?

Answer 1

Both whole life and term life insurance are designed to protect a family against the financial burdens that accompany the premature death of a breadwinner. You pay a monthly or yearly premium with each. The difference is this: A term life policy is for a limited period of time—the term. It will pay a death benefit only in the event that you die during term covered by the policy. That term could be 10 years, 20 years, or 30 years. If you die the day after the policy ends, the insurance company does not pay a death benefit. Since very few people die during the term, the insurance companies do not pay may death benefits, so the cost of insurance is low.

A whole life policy covers your for your entire life. If you die the day after you take out the policy, you are covered. If you die in 20 years, you’re covered. And if you die when you’re 80, you’re covered. In the mean time, the insurance company invests the money you pay in premiums, and some of the earnings are put into your policy in the form of cash value. The cash value builds over the years. At some point—when you are on a fixed income, for example—you can use your cash value to pay the premiums, keeping your policy in force. Because the insurance company is certain to pay a death benefit on each whole life policy, the costs are higher and the insurance premiums are higher. Good luck!

Answer 2

Go meet with a licensed agent and discuss your overall needs.

Ask yourself "When will I be financially independent and have all my debts paid and no one will depend on me (and my paycheck) to pay any bills or other expenses?"  When you determine when you will reach financial independence, you will determine when you can do without life insurance and thus determine what type of life insurance will work best for you.

Good Luck

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Answer 3

You have not mentioned your age & capicity to pay instalment.Life insurance is best option for you. You may contact to me for more details.

Answer 4

LIC is the best...

Lot of schemes are there...

NB: U r question is really not at all be understand..some how I guess and answer it...

Answer 5

depends-how many month do you have left to live?

Answer 6

if your wanting to know if whole life or term life insurance is better---term life is the way to go.  whole life insurance is essentially a savings account that allows the company you buy it from to use your money for other stuff---it's a ripoff.  always by term life

Answer 7

Under your condition,I propose visit here to get some ideas.http://lifeinsurance.online-helpers.info...

Answer 8

opt for BIRA SUNLIFE or BAJAJ

Answer 9

Well, you should give some specifics, like age, # of dependants, med history etc........if  you have young children or dependants, then you may want to go term, but need more info to know for sure.

Answer 10

reliance insurance z better

Answer 11

I have no idea who you are