Life insurance renewal for persistent protection

When policy expires all premium is paid back. If you outlive policy term, your life insurance ends and premium paid, or payout gets obsolete.

Whether you should renew policy or not ?

If your health remains poor then smart decision would be life insurance renewal. Renewing life insurance policy after ten years is beneficial but riskier for insurer.

Do you think buying a life insurance policy is a necessity?

When you are not available for your family, then insurance is only blessing that they will cherish.

Essential reasons for renewal of life insurance policy

1 ) Set seal on family financial security :-  If you outlive and policy expires then your planning goes to vain. To clinch continuous financial security, you need to renew it.

2 ) Life insurance policy results in tax benefits  :- If you buy life insurance policy then government exempts you from tax.

Read other reasons for renewal of life insurance policy.