The thumb rule on term insurance is to buy cover worth
12 to 15 times of annual income. The
objective is to ensure enough funds for the family to stabilize before they
find an alternate source of income; 12 years is considered reasonable.
Rates for smokers are significantly higher than
non-smoker rates.
The underwriting is stricter & requires additional
tests. As you grow older, the gap between a smoker & non-smoker rate
increases further.
We will recommend any one to buy a cover soon. Drinking
and smoking within reasonable limits does not result in higher premiums.
No comments:
Post a Comment