Give it a thought at both personal level and corporate need.
What is term assurance?
It is for pure protection for a specific period.
No cash value at the end of period.
When sourcing for term assurance for yourself, review the following areas:-
– any cash values
– Does it bundled with total and permanent disability?
– Does it budnled with terminal /critical illness benefit?
– Is it guranteed renewable despite changes to the condition of your health?
The observed trend – Insurers are cutting term rates as life expectancies improve admist competition driving down prices.
Reference – BT Executive Money 30th Aug 2006