New Delhi, May 2 -- Dev is planning to buy a term life insurance plan to ensure that his family remains financially protected in case of his untimely demise. carefully estimated a coverage need of Rs.3 crore-taking into account his housing loan and his son's future education expenses. But he is confused about one important aspect - till what age should he maintain the term insurance cover - 55 or 80? Here are the key things to consider when making this choice.

Term life insurance is a simple, affordable policy that provides financial protection to beneficiaries if the policyholder passes away within a specific period.

It provides high coverage for low premiums, but unlike 'popular' life insurance, most term life insurance policies do no...