If you are an entrepreneur, you may retire a little later than others. Feel free to choose a duration that covers you till then.
If you are a stay-at-home parent, you can choose your duration based on your kids’ stage of life, i.e., till your kids become responsible adults.
Every year that you wait to buy term insurance, your premiums increase by 4-5%. This increase can be as high as 12-17% in your 40s. So buy early and lock in cheaper rates.
You cannot change your policy duration later. So, please choose wisely!
Hey, your chosen policy duration extends beyond the age till which you may plan to work. Are you sure about this?
Hey, your chosen policy duration ends before the age till which you may plan to work. Are you sure about this?
You have not added your retirement or current age. Do you wish to directly continue with the policy duration you chose?
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