Term life insurance

[quest]

in my opinion, if I live till 55 and still cannot secure my family's future, I consider myself as a loser in life..

with this opinion, I want to take life insurance only till 55

is my thinking so wrong?

background: currently living in India, working as a contractor.. no benefits through company, want to take insurance 

[Mana_istam]

Yes and no. What if you still have responsibilities at that age and didnt make much progress financially. It is a gamble. Term insurance is cheap when you are young. Go for the maximum you can and maximum term possible. Another strategy is to split up. 1 mil till 65 and 1 mil till 55 to save on premiums. One policy will continue past 55 and give you some cover.

1 hour ago, quest said:

in my opinion, if I live till 55 and still cannot secure my family's future, I consider myself as a loser in life..

with this opinion, I want to take life insurance only till 55

is my thinking so wrong?

background: currently living in India, working as a contractor.. no benefits through company, want to take insurance 

 

[quest]

1 hour ago, Mana_istam said:

Yes and no. What if you still have responsibilities at that age and didnt make much progress financially. It is a gamble. Term insurance is cheap when you are young. Go for the maximum you can and maximum term possible. Another strategy is to split up. 1 mil till 65 and 1 mil till 55 to save on premiums. One policy will continue past 55 and give you some cover.

 

bro, nenu India lo unna

[Mana_istam]

Doesn't matter bro. Only the amount changes. It should be calculated based on your living expenses.

[quest]

18 minutes ago, Mana_istam said:

Doesn't matter bro. Only the amount changes. It should be calculated based on your living expenses.

got it, thanks!

[pavone]

Check my post about term insurance below and message me if you need any details and some free quotes. I am an independent agent and not tied any MLM types. 

 

[quest]

1 hour ago, pavone said:

Check my post about term insurance below and message me if you need any details and some free quotes. I am an independent agent and not tied any MLM types. 

 

Good post bro, I moved to India permanently.. US lo unnappudu 5x salary opt in chesukunna through employer. ippudu shopping for one in India

[baabaa]

6 hours ago, quest said:

in my opinion, if I live till 55 and still cannot secure my family's future, I consider myself as a loser in life..

with this opinion, I want to take life insurance only till 55

is my thinking so wrong?

background: currently living in India, working as a contractor.. no benefits through company, want to take insurance 

Ppl look at it with a different angle. Its not your age but your youngest kids approx college graduation year. Thats what insurance agents suggested here. After college, kids should be able to take care of themselves. Ikkada tella valu have kids at 50 also sometimes. 

[quest]

18 hours ago, baabaa said:

Ppl look at it with a different angle. Its not your age but your youngest kids approx college graduation year. Thats what insurance agents suggested here. After college, kids should be able to take care of themselves. Ikkada tella valu have kids at 50 also sometimes. 

ok that makes sense.. 
but in India, you can get a max of 4 or 5 cr insurance, in 20 years that might be equal to 50 lakhs now

[AvramFaind]

Your thinking isn't wrong at all. Life insurance is all about making sure your loved ones are financially protected. If you believe that by the time you're 55, you'll have secured your family's future, then a term life insurance plan till that age can be a smart choice.It's a way to ensure support for your family during critical years. Just make sure the coverage amount is sufficient to cover their needs. Plus, getting life insurance in India is a responsible move, considering your contractor status.

[nag]

On 10/31/2023 at 7:34 AM, quest said:

in my opinion, if I live till 55 and still cannot secure my family's future, I consider myself as a loser in life..

with this opinion, I want to take life insurance only till 55

is my thinking so wrong?

background: currently living in India, working as a contractor.. no benefits through company, want to take insurance 

India lo vuntey.. neeku nacchina LIC policy teesko.  Research on the policy plan, agents gaallu faaltu plans antagadataru.

[harsada]

Term life insurance provides coverage for a specified period, typically 10, 20, or 30 years, offering financial protection to beneficiaries if the insured passes away during the term. It's straightforward and generally more affordable than whole life insurance. Policyholders pay premiums for the chosen term, and if they die within that period, their beneficiaries receive a death benefit payout.

[Moris]

Managing healthcare plans can be overwhelming, especially when you’re comparing different providers. At one point, I needed more details and found myself searching for Sunshine Health phone number just to talk with someone directly. Having that point of contact made it easier to understand the benefits and coverage options, which otherwise can feel pretty confusing.

[saravamnene]

I am new to this term and life insurance

no time to research. whats the best way to get one

I am ok to pay any premium. I just need good service

[Sam480]

29 minutes ago, saravamnene said:

I am new to this term and life insurance

no time to research. whats the best way to get one

I am ok to pay any premium. I just need good service

Nenu corebridge QOL Flex term teskunna 30 years ki with living benefits,  I pay $65 each month

Call corebridge customer service

https://www.corebridgefinancial.com/rs/home/contact-us