Without A Term Insurance, Your Investment Plan Can Fail

When it comes to investments, we often look for financial instruments which could enhance our income. Mutual funds, stocks, fixed deposits and life insurance policies are a few which are generally considered. However, imagine a situation,death of an earning individual who has dependents. Life will to a standstill with the loss of a bread winner and this could result in a serious financial instability unless your family has a huge inheritance coming their way. Term insurance plans are the best solution especially for such situations. It not only safeguards your dependents after your demise but also provides them with adequate financial support in case you are diagnosed with a critical illness and end up losing your constant source of income. More