Why buy term life insurance?  
The reasons for buying term life insurance are:
  • To provide maximum amount of insurance protection for limted period at the lowest cost.
  • To protect the family from loss of earnings and to raise the children until they are independent.
  • To protect the family from debts due to the creditors if the breadwinner dies.
  • To provide additional death coverage in a pension plan or other forms of superannuation scheme.

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