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Term Insurance 101 :
"Learn everything about Term Insurance"
A Thread 🧵👇
"Learn everything about Term Insurance"
A Thread 🧵👇
1/ What is Term Insurance?
In term insurance, the insured person covers himself for a specific period of time. In case, something happens to him during that specific time and the plan is active, then the death benefit is passed on to his nominee.
In term insurance, the insured person covers himself for a specific period of time. In case, something happens to him during that specific time and the plan is active, then the death benefit is passed on to his nominee.
2/ Assume, that Mr. X has insured himself for 30 years. And, if he dies in the 24th year then the death benefit will be provided to the nominee.
