https://www.desidime.com/discussions/term-insurance-advice-needed?page=1#post_9803428
sushil.paradise196
Link Copied
before birthday
Term Insurance advice needed
- 721
- 10
-
- Last Comment
Hi everyone
My birthday is in another 10 days.
What is the right way to opt for term insurance(plan until age of 85 years)?
Is it now or after my birthday?
Yes the insurance premium increasing by 1k annually
Thanks for advice.
My birthday is in another 10 days.
What is the right way to opt for term insurance(plan until age of 85 years)?
Is it now or after my birthday?
Yes the insurance premium increasing by 1k annually
Thanks for advice.
Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
9 Comments
|
8 Dimers
- Sort By
https://www.desidime.com/discussions/term-insurance-advice-needed?page=1#post_9803453
How I'm going to benefit if i take this before birthday?
https://www.desidime.com/discussions/term-insurance-advice-needed?page=1#post_9803455
What age is ideal in that case?
View 1
more reply
https://www.desidime.com/discussions/term-insurance-advice-needed?page=1#post_9803446
75 age
https://www.desidime.com/discussions/term-insurance-advice-needed?page=1#post_9803490
85 is extreme. 70-75 is max you should go for. And pay till retirement (60). There isnt usually much difference between pay till 60 and pay till policy term.
https://www.desidime.com/discussions/term-insurance-advice-needed?page=1#post_9803896
Get it before your birthday. Premium increases with age, and once you get the insurance your premium is locked, unless you add dependents or riders later on.
Get a cover till the age you think you'd be working, say plus 10 years in case you're really concerned. For most people that's usually 58/60 (retirement). Otherwise you'd be paying premium, while you've stopped earning, making it a liability instead of a benefit. If you are confident you'll be able to make the insurance payment, and would rather make sure your death is covered, feel free to get the additional years.
Don't opt for limited term pay, no matter how much the insurance agents try to convince you. Pay till 60 or policy term.
https://www.desidime.com/discussions/term-insurance-advice-needed?page=1#post_9804062
60/65 years is the maximum ideal age.
At this age, you won't have any more liability or dependency, so no better of taking the policy beyond that.
Read this: https://www.desidime.com/discussions/term-vs-pe...
and this: https://www.desidime.com/discussions/term-insur...
Click here to reply
Reply
