Is Term Insurance An Investment. Therefore, those who choose term insurance usually follow the adage ‘buy term and invest the rest’, opting for Term insurance is a type of life insurance policy that provides coverage for a certain period of time or a specified term of years.
Term insurance is a life insurance product that provides a pure risk cover to the insured for very affordable premiums. During the policy term, if any unfortunate event occurs such as untimely demise of the life assured, then the nominee receives. Flexibility to customize plan it is one of the most important term insurance benefits in which an individual can customize the term plan based on their needs.