RE:Dont mix insurance and investment
by Abhiram Sharma on Dec 10, 2007 08:52 AM Permalink
mr. senthil, I agree with you. but term plan also have one big loopwhole. as if somebody age now is 25 years and he take term plan for 10 years. and after at his age of 35 he again needs insurance. but then maybe due to these days lifestyle. he may have so many health problems.(sugar, BP. etc) then maybe he is not able to take insurance again. so i think lifelong is best option. abhiram
RE:Dont mix insurance and investment
by antony ignatius on Dec 16, 2007 02:31 PM Permalink
There are renewable term plans. I have bought a 5 yr renewable term plan, where i can renew my plan after 5 years without going for medical.
RE:Dont mix insurance and investment
by desi investor on Dec 10, 2007 10:28 AM Permalink
Why stick to 10 years. Its all BS about sugar, BP etc. If you buy an expensive plan they will insure you. If you need a term plan they will give all sorts of excuses. Take term plans for the max amount of years. Anyways if you are 55-60 your dependencies are reduced.
