The 3 benefits of term insurance is Financial Protection, Affordability and Flexibility

The age limit for term insurance typically ranges from 18 to 65 years old, although this can vary depending on the insurance provider.

Term insurance can be a valuable financial option for many individuals, offering affordable coverage for a specific period. Its simplicity and flexibility make it suitable for those seeking basic protection without complex investment features.

The amount of life insurance you need depends on various factors, including your income, debts, and family's financial needs. A general rule of thumb is to aim for coverage that is 5-10 times your annual income. However, it's best to consult with a financial advisor to determine the appropriate coverage based on your specific circumstances and goals.

Yes, having life insurance is crucial to protect your loved ones financially in the event of your death. It provides them with a safety net to cover expenses such as funeral costs, outstanding debts, and ongoing living expenses. Even if you don't have dependents, life insurance can offer peace of mind knowing your final expenses won't burden your family.

Term life insurance provides coverage for a specific period, typically 10, 20, or 30 years, offering a death benefit if the insured passes away during the term. Permanent life insurance, such as whole or universal life, offers coverage for life and includes a cash value component that can accumulate over time.

Term life insurance provides coverage for a specific period, typically ranging from 10 to 30 years. Policyholders pay premiums to maintain coverage, and if they pass away during the term, beneficiaries receive a death benefit payout.