The Million-Dollar Insurance – What You Need To Know
The million dollar insurance cover is a policy that encourages you to save for a certain time/term to earn a million dollars at the end of it all. It is a good way of putting your money aside as well as having long-term savings. This final payment is tax-free and is paid either at the end of your term or after your demise due to natural causes, disease, murder but never suicide. The fact that it comes in two packages (the term and life packages) makes it a product that is market-sensitive, because people have different needs.
What you need to understand
The first things you need to understand are the terms and conditions; it is one of those policies that you have to absolutely read the finer print. You need to understand the terms and conditions of the term and the ones for the life package so that you … Read more