Upto what age I should take Term Insurance Plan? I am 40 yrs old !

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.

3 replies on this article “Upto what age I should take Term Insurance Plan? I am 40 yrs old !”

  1. Hemanth Chandra says:

    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

  2. ashalanshu says:

    Dear Manian, what is the age of your Kids?

    Thanks

    Ashal

  3. Viren Phansalkar says:

    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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