7 Important Questions You Must Ask Before Taking Life Insurance
5. What about Disability coverage?
God forbid if there is a problem of disability in the future, then would your life cover give you disability benefits? Well, this is again a very important question to ask your insurance company. Know about the terms of disability and if there is a separate accidental or disability cover in the policy or not. This part is very important for you to know.
6. And what about the maturity amount?
There are many insurance companies that provide with complete sum on maturity of life insurance cover. But, that is something related to future. Many other companies adjust the amount based on inflation of the economy. Now, that is the real catch. Know about the terms of insurance policy and actual maturity amount.
7. What if you can’t pay the premium on time?
It is important to ask this question to your insurance company before purchasing the life insurance cover. What if, you get stuck in a debt situation and you are unable to pay back the premiums on time. Ask about the grace period the insurance company may offer you in this context. Ideally, a company offers a grace period of about sixty to ninety days. So, clear all your doubts regarding this.
