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What Is Term Insurance? | Why Buy Life Insurance? | Dr Sanjay Tolani

What Is Term Insurance? | Why Buy Life Insurance? | Dr Sanjay Tolani

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Hey guys, in today’s video I want to share with you about Term Insurance.

So, what is Term Insurance? 🤔

Term insurance is a type of life insurance policy that provides coverage for a certain period of time or a specified term of yours. If the insured dies during that time period specified in the policy and the policy is active or in force, then a death benefit will be paid. It is usually best for additional short-term coverage due to a sudden increase in liabilities and commitments or if the insured is confident that years down the road when the term expires, he or she will have no financial dependents or liabilities to be worried of.

So, what is advantage and disadvantage of Term Insurance? Let’s find out together in this video!

If you like more animation videos like these, comment “Animation insurance videos” and I will try to create more in the upcoming weeks. =)

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🎖 Who is Dr Sanjay Tolani? 🎖
Dr. Sanjay Tolani, became the “youngest member” at the age of 19 and the “youngest life member” at the Age of 28 to the Million Dollar Round Table (MDRT). He also has 13 Top of the Table Qualifications (TOT), which is considered the pinnacle of the financial services profession. To top things off, he is also the youngest Managing Director of an insurance brokerage in the Middle East.

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