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Tuesday, February 13, 2007

Provide adequate financial security for your family

You can provide adequate financial security for your family at a very affordable cost.

If you buy a 20 year decreasing term assurance, you can cover $100,000 by paying an ANNUAL premium of only $51 (entry age 25, male) or $103 (entry age 35, male).

If you wish to insure $300,000, you pay only $154 or $309 per year.

At age 25, you pay $0.50 for every %1,000 of coverage. At age 35, you pay $1 for every $1,000 of coverage.

For a female, the premium is about 30% to 50% lower than for a male.

Your premium rate remain the same for 20 years, based on your entry age. If you buy at a younger age, you pay a lower premium for 20 years.

The decreasing term assurance is also available for other terms, for example, 30 years.

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