Term Insurance vs Traditional Life Insurance
In today’s day and age, it is very important to have insurance coverage in order to deal with the uncertainties of life. With the burgeoning need of insurance policies, there are a plethora of insurance products available in the market. However, choosing the right insurance plan according to one’s own suitability depends on various factors. It is important to consider factors like time period, age, number of dependents, and the amount of coverage required before zeroing on an insurance policy. So, doing a little bit of research before making a final decision always helps in choosing the right insurance policy. If we talk about term insurance and a traditional life insurance policy, then both the plans have some advantages and some limitations. Let’s take a look at these in details in order to understand whether you should consider buying term insurance or a traditional life insurance policy. source