Rupinder Rai

Ideal Choice of having Term Life Insurance

Ideal Choice of having Term Life Insurance

Life insurance is not always the first thought that comes to your mind when thinking about the future. Of course, who would like to think about death when you are in your prime right? Your 20s, 30s and 40s are the time when you would get married, start a family, buy a house and have other long-term investments. But what if we say it is the ideal time to think about getting life insurance too?

You don’t have to worry about paying a premium throughout your life. Term life insurance lets you choose the length of the term and the amount of coverage you need. You can customize the plans to fit your finances and needs too. In case of your untimely death, your family would get a lumpsum tax-free amount that would help them move on with their lives. From as low as 10 years to 30 or 40 years, you can choose your term depending on your needs.


When it comes to any kind of life insurance, there’s never an ideal time. It’s better late than never. Even so, it’s always advised that you start your term life insurance premiums as early as possible (in your twenties preferably). Because of the same reason, a lot of people choose to get term life insurance when they get married or have their first kid. Worry not! Term life insurances can be as low as $15 per month so it won’t be much of an additional financial burden on you.

The length of the term and the coverage amount can be decided depending on your needs and the financial situation. It’s always better to choose the coverage depending on your expenses so that if the unthinkable happens, your family won’t have to struggle much with the finances.

The policy rules and regulations change according to different financial institutions and lenders. But there are some things you have to make sure you consider while choosing your term life insurance such as what are the exclusions they’re saying, what are the limited exceptions and what is the robust coverage etc.

The term insurance fees and coverage options also change according to your:

  • Age
  • Gender
  • Health
  • Smoking habits

You can buy a term insurance policies from either of these options:

  1. From an insurance company directly (like Punjab Insurance Inc)
  2. You can opt to buy it from a local independent insurance agent
  3. Or you can buy it from an online independent insurance broker

If you are looking for excellent services, affordable insurance coverages and beneficial terms, get in touch with our experienced team to learn more.