Term insurance plan is an essential investment you should start as early as possible. However, while buying term insurance make sure you do not commit these 7 common mistakes:
- Procrastinating about the decision
- Buying insufficient cover without considering the current expenses
- Incomplete disclosure of information
- Choosing incorrect riders
- Not comparing other policies
- Opting for cheaper plans to save money
- Locking-in on a long term and inflexible plan
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