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TERM INSURANCE Banking & Finance

Why it's Not a Good Idea to Surrender Your Term Insurance Plan Now

The entire idea behind getting a term insurance plan is that you are providing your family members with a financial cushion which can help them in your absence. But when you surrender your term insurance policy prematurely, you automatically terminate the cover the term plan was supposed to offer you. What is the point of getting term insurance if you cannot help your family in your absence? When you discontinue a term insurance plan, you are putting your family’s future at risk.

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