Max life insurance is a company that understands that different people have different requirements when it comes to securing and protecting the future of their families. Hence it is not sufficient to compensate the family of a person who has passed away in an unfortunate and untimely manner with a lump sum of money, especially if the deceased was the breadwinner of the family. This is the reason that they have designed a one-of-a-kind Max life term plan that provides three different options of death benefits that you can choose from.
Types of Max-Term Insurance Plans
The three different plans offered by Max life insurance are:
Max Life Online Term Plan Plus Basic Life Cover
Max life understands that you always strive to provide the best for your family and you also wish to fulfill their dreams. This is the reason you may be worried whether your family will be able to sustain their current lifestyle in your absence. The Max online term plan plus basic life cover with put your worries to rest, by providing pure protection to your family at an affordable price.
Max Life Online Term Plan Plus Life Cover Plus Monthly Income
There could be times when in your absence your family requires an extra cushion for their basic daily needs. With the Max Life online term plan plus life cover plus monthly income, your family gets the twin benefit of a lump sum on death as well as a level monthly income for 10 years. This means that apart from the sum assured the family will get a fixed monthly income for 10 years after your death.
Max Life Online Term Plan Plus Life Over Plus Increasing Monthly Income
Cost of living and expenses are bound to increase in the future. This is the reason you may want to ensure that your family’s needs and aspirations are taken care of if you pass away. This is where this specially designed Max life term plan comes into the picture. Apart from the sum assured which is paid on your death, your family will get monthly income for 10 years which increases at a 10% simple rate of interest every year.
Why You Should Choose a Term Plan?
A term plan is a type of life insurance plan that provides life cover to a family and ensures that his or her family is protected financially in case of the untimely death of the breadwinner. In term plans, coverage is offered for a specified period and the coverage amount is paid out to the family of the insured in the event of his or her unfortunate demise. A term plan does not have a maturity value or survival benefit.
Benefits of a Term Life Insurance Plan
Keep Your Family Secure
Whether or not anyone else in the family has an income you still have to look towards securing your family’s future. With a Max life term plan, you can secure your family’s future. From the daily expenses to other important expenses like higher education for children and their marriage, everything can be taken care of.
Maintaining Living Standards
A carefully selected term life plan with ensure that your family continues to enjoy the same levels of material comforts and can maintain their living standard even in your absence.
Protecting Against Loans and Liabilities
If in your absence your family has to take care of a loan that you had taken, it will put a strain on them. Instead, if you have a term life insurance plan for them, will ensure that they can pay off the loan with ease.
All in all a Max life-term plan ensures that your family does not undergo financial distress due to your untimely demise. Of course, the emotional loss cannot be compensated, but your loved ones will be saved from the additional burden of having to fend for themselves in your absence.
