Max New York Life Insurance Offers Three Death Benefit Options

One certainly understands the need for protection at times, and therefore, must be looking forward to having an option to manage his lifestyle in his misfortune. Life insurance is the best option to choose when it comes to adopting a secure lifestyle. Max New York Life Insurance offers complete protection to insured along with the family in term of finance. The company provides a lump sum amount as the Sum Assured to the family of the insured, in case he dies.

In fact, such an amount is of a great help indeed, as the insured is provided with three options to choose from as Death benefit. Following are the Max Life Insurance Plans:

1. Max Life Online Term Plan Basic Life Cover

One certainly strives hard to fulfill at least the basic needs of his family. However, there are times when family members understand the needs of one another. What if the head of the family died? He must ensure that his family never faces the financial crisis or their future is secure financially. This term plan takes complete care of one's family at an affordable cost. Mentioned below are the key features:

• No paperwork required/hassle-free online application form filling.
• High Sum Assured.
• Non-smokers get low premium rates.
• Tax benefits of premium payments

Benefits:

• Upon the death of the insured, a lump sum amount equal to 100% of the Sum Assured is payable.
• Option to include Comprehensive Accident Benefit Rider
• No maturity benefit and only death benefit.

 

1. Max Life Online Term Plan Life Cover + Monthly Income

One's family might need some extra care after the policyholder had died. A life insurance policy must ensure that the whole family benefits from it. This Max Newyork Life insurance plan comes with the death benefit in addition to Assured Sum along with a level income over a period of 10 years. Following are the key features of the plan:

• No paperwork required/hassle-free online application form filling.
• High Sum Assured.
• Non-smokers get low premium rates.
• Tax benefits of premium payments

Benefits:

• Upon the death of the insured, a lump sum amount equal to 100% of the Sum Assured is payable.
• Option to include Comprehensive Accident Benefit Rider
• No maturity benefit and only death benefit.

 

1. Max Life Online Term Plan Life Cover + Increasing Monthly Income

The increasing cost of living does affect one's lifestyle in certain ways, and therefore, demand a complete care of one's family to be taken. People these days prefer to invest in term insurance to ensure the security of the future of their loved ones, especially when he no longer lives with them.

This term insurance plan ensures that one's family receives an increasing monthly income as Death Benefit. Such an amount is payable over a period of 10 years, which increases by 10 every year. Following are the key features of the plan:

• No paperwork required/hassle-free online application form filling.
• High Sum Assured.
• Non-smokers get low premium rates.
• Tax benefits of premium payments

Benefits:

• Upon the death of the insured, a lump sum amount equal to 100% of the Sum Assured is payable.
• Option to include Comprehensive Accident Benefit Rider
• No maturity benefit and only death benefit.

Source : articlesbase.com