Investing in life insurance is meant to protect your family in your
absence or your disability to earn. So, you should always plan for
future spending of your family accordingly and make adequate provision.
And, don’t forget to calculate your retirement age before you opt for a
particular plan.
These apart, you will also have to be careful about the number of family
members. As you grow old, there is always a possibility that the number
of dependents would increase, as you would marry, have children and
have to look after your parents. So, you will require a higher insurance
cover in the event of death or disability.
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