Having a term insurance plan to protect your income and family both at the same time has some sense when we think about security and safety. The well-earned peace of mind is priceless and you can get the same kind of peace of mind when you have a term insurance. People often have second thoughts about whether to have a term insurance plan or not. Middle-aged moms and Retirees think seriously about the costs vs the benefits of these plans. More importantly, it is backed up by the simple question, 'Would my untimely passing may lead to a financial tension with any of my loved ones?'