I am taking
a home loan at the age 54. Which is Better?,
Separate
Life Insurance Cover or / Loaded Life Cover?
- Suresh, Trichy
Consider these 7
Points
(2) Please do go in
for Online Life insurance (Term Plan) covers rather offline (Through Insurance
Agents) such that the insurance premium will be comparatively less.
(3) If you sound and
a very good health then you will be eligible for a Life Insurance cover, the
premium is normal.
(4) If you have bad
health at now then the Insurance premium may go high.
(5 If your health is
in a very bad condition then you may not be eligible for a Life Insurance
Cover.
(6) Would advise you
to go for Separate Life Insurance cover rather Loaded Life cover (That is Life
insurance bundled along with the home loan).
(7) The premium in
Loaded Life Insurance cover is always on the higher, will be comparatively to
Life Insurance cover.
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