When.we discuss 3 Situations of Life, there is no scape route all we need to do is be prepared Always. Living too long would mean lot of money for Financial Goals for which you need to save a lot and invest wisely in Equities & Mutual Fund. Situation 2 is a Sad situation and its even more important to take adequate Term Protection. Small insurance will never work you need to have an adequate Term.Insurance. Thumb Rule is your Term Insurance should be equal to 10 times of your annual income.
