When your insurance advisor/agent recommends a certain insurance product for you, nine times out of ten, he/she is going to extol the virtues of the product what covers the product offers, the advantages of the buying the product, and so on.
That is only half the story told, actually.
What YOU need to find and equip yourself with are the exclusions in the life insurance policy. This is probably the most critical assessment of the policy's suitability where you are concerned.
Make sure that you go through the exclusions mentioned in the riders as well. They could well be different from the ones mentioned in your basic insurance plan.
Term Insurance: Exclusions
- What does my family receive when I die within the term of my life insurance policy?
- The death claim process is simple and the benefit is tax free
- Term Life Insurance Plan
- Insurance Planner
Use this calculator to find out how much life insurance you need.
- Ulip Vs Mutual Fund Calculator
Compare returns on investment on your ULIP as well as mutual fund investments to find out which is the better option for you.
- Calculator: Should I Continue My Children's Endowment Policy?
Use this calculator to find out if you should continue your children's endowment policy or invest the premium amount saved in other avenues.
- Should I Continue My Whole life Policy?
Use this calculator to find out if you should continue your whole life policy or invest the premium amount saved in other avenues.
Endowment vs. Whole Life Comparator
Use this comparator to compare a whole life insurance policy and an endowment policy.