Few days back I got a call from a friend and she asked me that she wants to buy a Term Insurance of XYZ Co. as it would give her a life cover till 75 as against ABC Co. which insures her only till 65. I asked her why she insisted on getting insured till 75. She said, “What’s the harm in getting yourself insured for 10 more years, it’s always better to have more”. I went on to explain, “It’s good to have protection when needed.” But having something that’s not needed might make you compromise on the things that you need. Continue reading “Innovations and Complications in Term Insurance”