Watch This Before Buying Term Insurance – 5 Mistake Everyone Make

Summary This blog discusses the top 5 mistakes people make while taking term insurance, including inadequate coverage, delaying the purchase, not opting for riders, and providing incorrect information. Highlights 💰 Financial mismanagement can occur if people do not know what to do with a lump sum payout from a term insurance policy. ⏰ Starting a term insurance policy early can result in lower premiums compared to starting later in life. 💵 Adjusting the sum assured for inflation ensures adequate coverage over time. 🛡️ Opting for riders, such as critical illness coverage, provides additional benefits to the policyholder’s family. 📝 Disclosing all pre-existing ailments is important to ensure smooth claim settlement. Hey folks!!! I am here and I welcome you all to a very very important video wherein we are going to discuss the top 5 mistakes that people make while taking a Term Insurance. Now why did I do this … Read more