Question

Identity any long-term insurance product you would consider buying in future. Justify the reason for your choice

Answer 1

Answer:

According to my choice what I shall buy in the future as a long-term insurance product is the pension policy, which covers life as well as provides a pension after a certain period.

Explanation:

The reason why I shall buy long term insurance in the pension policy is that it shall act as backup support in case of any accidental death, as well as there are maturity periods, after which the policy provides a good amount of pension, at the old age.