FIVE LIFE INSURANCE POLICIES TO BE CANCEL
People purchase life insurance in fear of death, which would help their family in tough time, all insurance companies know this thing and they tackle well to win their trust and offer them different life insurance plans according to the plan which fits them perfectly. However some of the Life insurance policies are equal to waste of money, you would rather put that amount of money for your bad days than paying for wasteful policies. Here are the 5 policies which you will surely cancelling down after having a glance on the 5 policies which are as follows:-
Whole life Insurance
Whole life insurance is very helpful as it covers and pays whole life, but on high paid monthly premiums which has to be paid by the person for their own benefit, but overall it is not helpful for the people who are young as the policies are very expensive and which may create a problem for the people. Overall it’s not good for the young generation; do think twice before choosing this policy.
Life Insurance for child
These days there are many insurance policies coming for children’s that is not required, companies are just playing with the feelings of the parents and grandparents for no reason, until and unless your child is an actor or something and is bringing a good amount in your family, your child doesn’t needs any kind of child insurance.
Industrial Life Insurance
This insurance policy is also known as accidental insurance, but it does not covers much, suppose you lost your eye or any other serious accident occurs like fire in the industry or while driving you met with a serious accident, it covers that is the good part, but there are several cover things which company never tells you.
Final Insurance Expense
This type of Life insurance is generally for old age people, whose age is around 65 and this type of insurance covers their funeral expenses when they die, many ad’s promises for the coverage of some dollars and give benefits of around $10000 to $25000 on very low price but still it is not a profitable deal, the companies are just making money out of their age.
Guarantee while issuing policies
There are policies which have guarantee, means there is no hurdle in choosing these life insurance policies, they are very easy to get and they are very expensive also, this policy is only good for people who are facing many health issues that cannot be approved as a regular policy and not for those which might face loss after choosing this policy.