An individual who needs money at the end of insurance term
An individual who needs insurance and has a high budget
An individual who needs insurance but has a low budget
An individual who needs an insurance product that gives high returns
✅ The correct answer is C.
An individual who needs insurance but has a low budget is advised to purchase a term plan. Term plans are beneficial for those who want higher coverage at low premium rates, providing financial protection for their family in case they are not around.
An individual who needs insurance but has a low budget is advised to purchase a term plan. Term plans are beneficial for those who want higher coverage at low premium rates, providing financial protection for their family in case they are not around.