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Savings account lets an individual save money for a brief period. On the opposite hand investments contain high risk and the return on investment are high as in comparison with financial savings. Investments let a person create wealth over a long time period. While the minimal entry age to buy a term insurance plan is eighteen years, the utmost entry age is 65 years. Term insurance is necessary to make sure monetary stability of the surviving relations of the life assured in the event of the unfortunate death of the latter. Term insurance also performs a major firmidablewiki.com role by offering optionally available protection for critical illness, unintended demise and different unfortunate incidents.
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