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Your Money: What’s the ideal size of a term insurance plan?
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Term insurance plans can help you secure the financial future of your loved ones. If a working family member dies prematurely, his family can become dependent on others. Inflation, rising living costs, spending on children, debt, medicine, and severance pay are some of the financial obligations you have to meet. The contract period allows you to assume all of these obligations even when you are absent.
The simple principle behind choosing a temporary term insurance plan is that it offers a large
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