Need your opinion on having multiple term insurance with different tenure?

POSTED BY vikram ON March 19, 2014 5:54 pm ONE COMMENT

If i have multiple term insurance instead of one for 30 years, it will charge me more.

shall i have multiple term insurance with different tenure like

1. 30 years.

2. 10 years.

3. 20 years

My family will need more money when i will die early.

If i am no more after 20 years, might be i have saved some money for my family using other investment within 10-20 years. I need your opinion on this?

I read your many articles , you are awesome in financial domain.

Learn lot from your website

One reply on this article “Need your opinion on having multiple term insurance with different tenure?”

  1. ashalanshu says:

    Dear Vikram, it boils down to personal choice. Multiple plans tagged to different goals with different time frame of single plan for all goals over the working life. Both options are workable and good.

    Thanks

    Ashal

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