Life Insurance: Back to Basics

1. Life Insurance: Back to Basics Life insurance pays out a regular income or a lump sum amount to your family or partner if you die during the term of the policy. It is also called "term insurance". Types of life insurance policy Metis Marketing Services is a leading company dealing in various types of life insurance products. In a term insurance policy, you can select between the cover level which pays out the similar amount regardless of when you die, and cover "decreasing" where the paid amount decreases as you paid your mortgage (reducing your premium). While buying an "increasing" policy from Metis Marketing Services Delhi, you need to pay a slightly more premium but the amount paid by you is increasing to handle the inflation during the policy term. Do I require life insurance? The lenders of mortgage usually ask their customers to buy a life insurance policy when they apply for a mortgage. This safeguards their interest financially and signifies that mortgage can be adjusted. But many people buy life insurance policy from leading company Metis Marketing Services Pvt Ltd to safeguard those people who financially depend on them like their kids. If you have no dependents and already paid your mortgage, then you have a reduced pressing cover requirement. Also, the single people sometimes feel that they don't need life insurance cover because they don't require supporting any dependents when they died. Newly married couples find that investment in life insurance cover is essential for them as a sole breadwinner. They need

2. to remember that the premium amount is affected by the cover amount they have. How much insurance cover should I have? According to experts an insurance cover which is ten times the yearly income of the chief breadwinner is a good sum for insurance for all the families. What factors affect the life insurance price which you buy from Metis Marketing Services India? The kind of life insurance policy which you select and the assured sum have a huge impact on the price. Reducing term life assurance is normally less costly as compare to term level insurance. The reason is the assured sum goes well with your debt mortgage. How can I reduce the life insurance cost? The money you need to pay for a life insurance policy will depend on various factors including policy type you select and how is your standard of living. Simple methods to reduce the life insurance cost include losing weight, decreasing your alcohol intake, and no smoking if required. How many times do I need to review my life insurance? It is better for you if you review the life insurance level you own when you enjoy an important event of life like purchasing a new expensive home, having another child or getting married. Otherwise, in the event of your death, the cover is not able to provide sound financial help to your family. To make sure that your family and loved ones get the necessary financial support when you die, therefore, when you apply for a life

3. insurance policy from Metis Marketing Services Private Limited you need to provide exact and complete information.