{"id":422,"date":"2018-03-26T08:38:48","date_gmt":"2018-03-26T08:38:48","guid":{"rendered":"https:\/\/myfintree.com\/blog\/?p=422"},"modified":"2018-11-20T09:43:29","modified_gmt":"2018-11-20T09:43:29","slug":"term-insurance-and-its-importance","status":"publish","type":"post","link":"https:\/\/myfintree.com\/blog\/term-insurance-and-its-importance\/","title":{"rendered":"Term Insurance And Its Importance."},"content":{"rendered":"<h1 style=\"text-align: center;\"><span style=\"color: #339966;\">Term Insurance And Its Importance.<\/span><\/h1>\n<p>Life is uncertain which is a known fact; some risks come uninvited and create a huge financial and emotional <a href=\"http:\/\/www.myfintree.com\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-425 \" src=\"https:\/\/myfintree.com\/blog\/wp-content\/uploads\/2018\/03\/Family.png\" alt=\"\" width=\"364\" height=\"267\" srcset=\"https:\/\/myfintree.com\/blog\/wp-content\/uploads\/2018\/03\/Family.png 401w, https:\/\/myfintree.com\/blog\/wp-content\/uploads\/2018\/03\/Family-300x220.png 300w, https:\/\/myfintree.com\/blog\/wp-content\/uploads\/2018\/03\/Family-360x264.png 360w\" sizes=\"auto, (max-width: 364px) 100vw, 364px\" \/><\/a>dent in one\u2019s life. It is important to plan a financial arrangement for such contingencies in life to keep your family secured and protected.<\/p>\n<p><a href=\"http:\/\/www.myfintree.com\/life-insurance.html\"><span style=\"color: #339966;\"><strong>Term Insurance Plans<\/strong><\/span><\/a> are the purest form of a Life Insurance which will help you to financially secure family against any loss of income which the family might face in absence of the insured person at the lowest cost.<\/p>\n<h5>\u00a0<strong>Reasons why one should\u00a0have Term Insurance Plan:<\/strong><\/h5>\n<ul>\n<li><span style=\"color: #993300;\"><strong>Low Premium rates:<\/strong><\/span><\/li>\n<\/ul>\n<p>The premium for term plans is much lower than any other insurance plans.<\/p>\n<ul>\n<li><span style=\"color: #993300;\"><strong>Provides Financial Security:<\/strong><\/span><\/li>\n<\/ul>\n<p>It is a good idea to invest in a term plan that would take care of the financial needs of the family<\/p>\n<ul>\n<li><span style=\"color: #993300;\"><strong>Flexibility in Paying Premiums:<\/strong><\/span><\/li>\n<\/ul>\n<p>Term plans offer flexibility to pay premiums annually, semi annually, quarterly or monthly.<\/p>\n<ul>\n<li><span style=\"color: #993300;\"><strong>Death Benefit:<\/strong><\/span><\/li>\n<\/ul>\n<p>In case of unfortunate death of the Life Assured during the policy term whole Sum Assured shall be payable.<\/p>\n<ul>\n<li><span style=\"color: #993300;\"><strong>Enhanced cover:<\/strong><\/span><\/li>\n<\/ul>\n<p>Certain insurance companies offer the flexibility to enhance the life cover during critical stages of the policyholder\u2019s life.<\/p>\n<ul>\n<li><span style=\"color: #993300;\"><strong>Tax Benefit:<\/strong><\/span><\/li>\n<\/ul>\n<p>The premium paid qualifies for<span style=\"color: #008000;\">\u00a0<a style=\"color: #008000;\" href=\"https:\/\/myfintree.com\/blog\/deductions-under-section-80c-80ccc-80ccd\/\"><strong>deduction u\/s 80 C<\/strong><\/a>.\u00a0<\/span><\/p>\n<h5><strong>Things to consider before buying Term Insurance<\/strong><\/h5>\n<ol>\n<li>Buy Plain term Insurance.<\/li>\n<li>Determine the Appropriate Sum Assured.<\/li>\n<li>Check the Exclusions.<\/li>\n<li>Go for Trustworthy Insurance Company.<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<div id=\"s-share-buttons\" class=\"horizontal-w-c-square s-share-w-c\"><a href=\"http:\/\/www.facebook.com\/sharer.php?u=https:\/\/myfintree.com\/blog\/term-insurance-and-its-importance\/\" target=\"_blank\" title=\"Share to Facebook\" class=\"s3-facebook hint--top\"><\/a><a href=\"http:\/\/twitter.com\/intent\/tweet?text=Term Insurance And Its Importance.&url=https:\/\/myfintree.com\/blog\/term-insurance-and-its-importance\/\" target=\"_blank\"  title=\"Share to Twitter\" class=\"s3-twitter hint--top\"><\/a><a href=\"https:\/\/plus.google.com\/share?url=https:\/\/myfintree.com\/blog\/term-insurance-and-its-importance\/\" target=\"_blank\"  title=\"Share to Google Plus\" class=\"s3-google-plus hint--top\"><\/a><a href=\"http:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/myfintree.com\/blog\/term-insurance-and-its-importance\/\" target=\"_blank\" title=\"Share to LinkedIn\" class=\"s3-linkedin hint--top\"><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>Term Insurance And Its Importance. Life is uncertain which is a known fact; some risks come uninvited and create a huge financial and emotional dent in one\u2019s life. It is important to plan a financial arrangement for such contingencies in <a href=\"https:\/\/myfintree.com\/blog\/term-insurance-and-its-importance\/\" class=\"read-more\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-422","post","type-post","status-publish","format-standard","hentry","category-life-insurance"],"_links":{"self":[{"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/posts\/422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/comments?post=422"}],"version-history":[{"count":5,"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/posts\/422\/revisions"}],"predecessor-version":[{"id":428,"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/posts\/422\/revisions\/428"}],"wp:attachment":[{"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/media?parent=422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/categories?post=422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/tags?post=422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}