Life insurance is a form of insurance policy which pays a sum of money upon the death of the insured person. It’s usually one of the first policies that a financial adviser recommends, since it takes care of your dependents if bad things happen to you. Life insurance used to be whole-life plans, i.e. it provides life-long protection. However, in light of changing consumer demands, term insurance emerged as an increasingly popular choice. Term plans, as opposed to whole-life ones, cover you only for a fixed period of time.
In this article, fundMyLife reviews Great Eastern’s term life products – Flexi Term and Flexi Living Term and explores their features. Note: this information is accurate as of June 2018.
What is it?
Flexi Term and Flexi Living Term are regular premium term life insurance. Both Flexi Term and Flexi Living Term have coverage for death, total and permanent disability (TPD), and