WHY TERM INSURANCE?
Term policies almost always give you the ability to change your term policy to permanent – giving you the best of both worlds.
The payout is tax-free, so Anuj's partner can keep the condo and maintain his lifestyle.
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WHY TERM INSURANCE?
$500,000
It's affordable: Premium rates are often lower for Term Insurance plans and more affordable if you purchase it when you're younger.
Figuring mortgage, debt, and funeral costs into a
15-year-term, Anuj is looking at paying about $1 a day or a cocktail a week.
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WHY TERM INSURANCE?
Term Insurance provides protection for the amount of time you need, giving you flexibility and comfort on how you want to set up your policy.
You can also renew at the end of your term.
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WHY TERM INSURANCE?
Anuj is like a lot of guys in their early 30s. He's still nursing four hangovers a month, but he's taking it to the next level when it comes to his relationship. (Could a proposal be on the way?)
He and his partner just took the plunge and bought a condo. With mortgage payments eating into his budget, Anuj is not sure if investing in life insurance is right for him.
On the other hand, Anuj also wants to make sure his partner stays financially secure in case something happens to him.
With their mortgage and life expenses in mind, he’s thinking about getting Term Insurance.
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Age:
Occupation:
Software Developer ($70,000)
Marital Status:
Just moved in with partner
What He Needs:
$500,000 in Term Insurance
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Anuj
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