Why does one need Term insurance. Is it important

Life insurance is one of the most financial critical needs of any individual. Human life is unpredictable and an untimely death of an earning member of the family can cause financial distress to the family. Life insurance protects the family from the loss of income, in the event of an unfortunate death. We in Advisorkhoj believe that, term life insurance is the best form of life insurance. It provides financial protection to your family at the lowest cost and leaves a much larger investible surplus out of your savings that you can invest towards your long term goals. We have discussed why term life insurance plans are in your best financial interests in our post, Why are non term life insurance plans detrimental to your financial needs. Please go through this article to understand, why term life insurance is so important. Since life insurance is a critical financial need and term life insurance is the best possible form of life insurance, yes, we do believe that is a very important financial need.