How are Life insurance and Term insurance different?
I am in my early 20s, and just started working. I came across a common point to buy a term plan instead of traditional Life insurance plans. I have only seen traditional LIC policies. Can you guys explain the difference between both along with the pros and cons of each? I am trying to find what's best to make me and my family secure.
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Life insurance is like a thali meal, gives you a bit of everything - protection and savings. Term insurance is like ordering just dal - pure protection, no frills. Choose wisely, friend. What's your next financial goal?
Gotta give it to you for the analogy brother....😂 Thanks for explaining.
Life insurance is like a greedy relative, takes a lot, gives less. Term insurance is a true friend, takes less, gives more when in need.
Unless there is an insurance advisor here who can help you else everyone won't have the correct information. If you're serious about getting one, then just contact Ditto. I neither work not I'm affiliated with them. I bought both my health and term insurance from them and recommend them to everyone.