Online Term Plans
May 19, 2014 1 Comment
If wealth building,wealth protection,estate planning,legacy planning,cash management etc. are not priorities,then an online term plan is probably the best life insurance product you can purchase.
At long last,the LIC has come up with its own online term insurance plan.The premium as you can see is on the higher side.
Obviously lower premiums are the way to go.But before you decide anyway,go over the exclusion clauses to ensure that all situations that can possibly apply to you are covered,else you will be purchasing an umbrella with holes.Also be certain that if your insurer has been around for more than 10 years,the company has a settlement ratio above 90%,else you are likely entering into a vital contract with a less than reliable partner.
“…….mass media has the power to move mountains, it is not as expensive as it is thought to be and multimedia is essential for effectiveness.”- Sam Balsara,CMD Madison World.
I am now a multi-millionaire, and I have never had my own business, invented anything or inherited one red cent. What I have always done is paid myself first. Especially in your twenties, max out your retirement deductions, or at the minimum put in an amount that maxes out your company match. The money I contributed in my twenties now accounts for â…” of my net worth, even though I contributed much more each year in my thirties and later. Such is the power of compound interest!
wealthymatters 