Why senior citizens need term Insurance policy?

Why senior citizens need term Insurance policy?

A term insurance policy is usually preferred by a working persons to protect financial loss. Upon their death of policyholder, the insurer will pay a sum assured to their nominees whose long term income needs will be taken care of based on terms and conditions of policy. The same financial challenges may be someone who has getting old or is on the verge of retirement. The Senior citizens may also have liabilities that are far from being settled — such as a home loan. They may have dependent family members parents, spouse or children — with income needs that may outlast their own lifespans for more details you can ref check out compare life insurance policy at https://insuremile.in

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