People of this agegroup may be married with or without kids.They may probably be in debts for home loans etc.They may be earning moderate income and having high expenditure.They may not have accumulated much wealth. They must be needing good tax planning.Their financial status may not be too high asThey may be having high expenditures through installment repayments for house,car etc.Worried about protecting dependents in case of death of prolonged illness or disability,they may need to save for children for their education, marriage etc.They need to support elderly parents.they need for planning a comfortable retirement phase.
This stage calls for maximum Insurance protection because of high debt,highexpenditure phase and because family is dependent on your income.The wealth is not yet accumulated and importantly need for planning retirement is there.If you are in this stage of life,there is a big need for disability income and death benefit protection that is a need for temporary(term) or whole life insurance products,critical illness products and long term disability products.The policy duration should be at least as long as the expected period of dependency or up to the age of the normal retirement.
If you are in this stage,Term insurance products like met mortgage could benefit you.with met mortgage,you can be sure that the loved ones wont be put under financial stress of paying loans back,in case something unfortunate happens to you.You could also go for some of the endowment products that promise periodical returns that your child could use for his/her education,marriage etc. Endowmentassurance products,deferred annuity products could be thought as savings for retierment provision.Profit and unitlinked versions can protect you from future inflation.
Critical illness,Disability income,term insurance products as riders with permanent or endowment assurance products would form a cheapest way of getting income,death benefit protection and savings.Metlife suggests mortgage protection plan met100 par and nonpar,met sukh,met bhavishya,met ultimate.You can also customize the plans with accidental death benefit rider ,term rider,Critical illness,Waiver of premium riders .

People of this age group may be older and have financially independent children.They may have reduced debts or repaid their loans,they would be having decreased expenditure.It would probably the period of redundancy.Their financial needs must be to save for retirement and enjoy a lifetime holiday on retirement.they would like to protect dependents financially against their death,prolonged illness or disability.They too want to save for their children.
Their needs comprises of retirement planning, wealth transfer or other savings vehicles could be used for this stage of life.Your emphasis should be on returns on investment so,with-profit or unit-linked products would be ideal.if you are close to retirement,you could also opt for guaranteed products.With profit or unit-linked whole life insurance products would be most useful for accumulating wealth to be transferred to the next generation.Moreover,because of the higher disposable income you might be having,single premium products could be attractive,providing a lumpsum benefit for the future through with-profit or unit linked products.
Metlife suggests met100 par and non par,met ultimate ,met pension par,met smart for this age group and you can also customize the plans with accidental death benefit rider ,term rider,Critical illness,Waiver of premium riders .