It can be confusing to find the best term insurance plan initially. However, with the assistance of a term insurance calculator, it becomes a simple process. It assists you in selecting an apt cover, comparing different alternatives, and making informed decisions all within a few steps. In this blog, we will tell you what term insurance is, why you need it, and how to choose the right plan in simple steps. No jargon words, no complicated math, just simple advice for all.
What Is Term Insurance?
Term insurance is a form of life insurance. It provides your family with a huge sum of money if anything untoward happens to you during the policy term. You pay a small premium each month or year. If you die during the term, the company pays your family the full amount of the cover. If you remai