Definition: Term insurance is the most traditional life insurance policy wherein the insured gets death benefit if any contingency happens within the policy term. The insured is, however, not entitled ...

How do you determine who needs this insurance? Look at your business and think about who is irreplaceable in the short term. In many small businesses, it's the owner who holds the company together ...

Definition: Policy term is normally equal to the premium paying term. However, some insurance policies give the insured the autonomy to choose a premium paying term lower than the policy term. For ...

For those who do not have liabilities or yet-to-be-discharged responsibilities, a term insurance cover with a tenure extending late into 60s or 70s is not required, though life insurance companies ...