Term life Insurance is one of the types of
life insurance that provides protection only in a certain period of time. This
type of insurance has the cheapest premium among insurers. Money that will be
paid is very huge, with billions of premium which is not too drained the
contents of the bag. Types of term life insurance have no cash value. If at the
time of expiration of the insurance contract the insured still healthy in fine,
the contract expires and no money is given to the insured.
A lot of people don't like this product
because no money is refunded when the contract period ends and the customer.
Strangely, there are people who do not give thanks because it has been blessed
with good health and a long life. In fact this type of term life insurance can
be analogized to hire a security officer for a night to keep up the House with
rich possessions. If theft does occur on that night, whether we can pull back the
salaries of the security officer the following morning? Aren't we should be
grateful because our homes are safe?
Due to the large coverage, buying this type
of insurance premiums will not easy. Most insurance companies selling this type
of insurance requires that its customers underwent the medical examination
first before buying the policy. If it is not passed inspection, the customer is
not allowed to buy this type of insurance. Or maybe just sum assured was
revealed to be smaller.
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