Life Insurance

Life insurance

Term vs. Permanent Life Insurance

Permanent life insurance is distinguished from term insurance in several ways.

Like most insurance policies, policies contain exclusions, limitations, reductions of benefits and terms for keeping them in force. Our sales representative will be glad to provide costs and complete details.

For more details, contact our sales representative
or at Tel : (852) 2523 5959 Fax : (852) 2845 3422
E-mail :info@savalani-insurance.com

It is an uncomfortable thought, but how would your loved ones cope if you or your partner were to die suddenly? Just coping with the daily bills and overheads would be a burden they would face without your support. But help is at hand, with our insurance policies, you can have peace of mind at last knowing they will be taken cared of in your absence.

While there are many decisions you will have to make when assessing your life insurance needs, one of the most basic is whether you need permanent insurance or term insurance. A simple way to understand the differences between these two types of life insurance is by comparing them to something familiar to all of us — finding a place to live. Tailoring life insurance to fit your needs is like finding a place to live. Once you find the right home, you need to choose how to pay for it.

Buying permanent life insurance is like owning a home, while buying term insurance is like renting one.

There are advantages and disadvantages to both ...

Permanent Life Insurance

Like owning property, owning permanent life insurance is usually an appropriate way for people to meet long-term needs. It has a fixed premium for life, which is fairly reasonable if applied for during the earlier years.

Term Life Insurance

Term insurance is generally the least expensive and least complicated type of life insurance. It provides insurance protection at a low cost for a specified period of time. Term life premiums increase with age, and the older the person, the more the premium in the longrun.