POSTED BY manian20 ON April 11, 2014 1:59 pm COMMENTS (3)
My age is 41. I wish to purchase term insurance. I need clarification regarding tenure. Upto what age i should take term insurance. Please advice.
Generally you should take till you retire, because after that you won’t earn any income. Go through this article by Manish on the same.
https://www.jagoinvestor.com/2013/04/why-you-should-not-take-term-insurance-till-75-yrs.html
Dear Manian, what is the age of your Kids?
Thanks
Ashal
Till the time your dependants depend on you financially and till the age the Insurance company allows you — which ever is lower.
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Generally you should take till you retire, because after that you won’t earn any income. Go through this article by Manish on the same.
https://www.jagoinvestor.com/2013/04/why-you-should-not-take-term-insurance-till-75-yrs.html
Dear Manian, what is the age of your Kids?
Thanks
Ashal
Till the time your dependants depend on you financially and till the age the Insurance company allows you — which ever is lower.