the purchase of term insurance is justified by which of the following circumstances?

There is no denying that you will have greater peace of mind if you know that you and your loved ones are financially secure from various unforeseen situations. Uncertainties in li

the purchase of term insurance is justified by which of the following circumstances?

There is no denying that you will have greater peace of mind if you know that you and your loved ones are financially secure from various unforeseen situations. Uncertainties in life could crop up at any moment, such as an unfortunate death or a medical emergency. These situations also include an accident or damage to your vehicle, property etc.

Bearing the financial impact of these situations can burn a hole into your pocket. You may need to dip into your savings or your familys hard-earned money. Thus, there is a pressing need of insurance for you and your family for proper coverage and financial support against all risks linked to your life, health and property.

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