Permanent life insurance is insurance policy ideal for those who dont want to feel like investing in term life insurance policy. This is often due to the fact that term life insurance, at times, results in no payment if nothing happens in the stipulated period of insurance. For example; you pay and ensure your car for a stipulated period but if your car doesnt meet any accident and get damaged in this given period, you wont get any money back. It...more
If you have recently had a heart attack, getting life insurance at a fair rate may not be as difficult as you think. Depending on the severity of your condition, there are some medical underwriters that may look at your case more favorably than others.Heart disease affects about 12 percent of the American adult population and is ranked the number one killer disease of the nation, according to statistics from the Centers for Disease Control and...more
For most of us, the economy has hit our pockets hard. Trying to make ends meet, who hasnt missed a few credit card payments here and there? You may think nothing of it, but your life insurance carrier sure does. Besides looking at your health profile and driving record, life insurance companies look at credit scores to assess the amount of premiums you need to pay. This means that if you have been late on making payments, maxed out your credit card or filed for bankruptcy, the amount of life insurance premium you would need to pay could skyrocket. In some underwriting processes, having a bad credit score could double your premium amount.Is there any logic behind this? Insurers say there is a link between a bad credit score and the cost of insuring someone. When compared to customers with a good credit history, customers who have a poor credit score are more likely to make a claim on a policy. Experts believe that if you are not good at managing your finances, you may not be good at maintaining good health and fitness. Therefore, a low credit score just might push your premiums significantly higher than you expected.What should you do if you think your financial situation could...more
Most of us spend a lot of time choosing the perfect gift to give to your loved ones during the holiday season. Gifting a life insurance policy is probably the least thought of, but could be one of the best gifts you have ever given. It may seem like a strange way to say you care, especially during the holiday season, but this is the perfect time to...more
If you own a life insurance policy, makes sure your beneficiary knows exactly what to do when the need arises. A beneficiary is the one who receives the proceeds of your death benefits. Its only right that you should walk him or her through the process of retrieving benefits.Here are a few points you should keep in mind to help keep the process...more
A life insurance policy is basically a mutual agreement between your life insurance carrier and you. You agree to pay a certain amount of premiums for a stipulated number of years. In return, the life insurance company agrees to pay your beneficiary a certain amount of benefits if you should die during the tenure of the contract. This is the dynamics of term life insurance which is the most basic and most affordable life insurance you can opt for.Whole or permanent life insurance includes an investment factor. It attracts customers because premiums paid accrue interest after a period of time. This interest is then added to the death benefit. However, because of the investment factor, whole life policies are more expensive than term life policies. There is debate on whether the investment factor in a whole life policy is really worth it. If you were to invest the difference between paying for term life and paying for whole life, the interest you accrue on that amount through a long-term investment plan would be greater than what a whole life insurance policy would pay you. Using a life insurance policy as an investment is something you should consider carefully as there might be...more
Add spark to life and transplant Cord Blood Cord Blood transplant: Few years back we were unaware of the fact that the blood, which is commonly known as the Placental blood, can be of immense use. Several life threatening diseases like cancer,...more
Explore Life Insurance for Medical Professionals with Critical illness life cover!! Get Life Insurance for Medical Professionals with Critical illness life cover easily.Whenever you get a quotation for Life Insurance for Medical...more
Long Term Care InsuranceLong-term care insurance - Why is it necessary?If you are in poor health and above 65 years of age, then you should purchase long term care insurance policy as there is always inescapable possibility of getting injured and...more
Long Term Care InsuranceIntroduction : Long term care health insuranceLong term care insurance plays an excellent role in cutting down the costs of medical and nursing expenditures for the people who have long term disabilities. Long-term care...more
Free-Look period in life insurance policies – What, Why and How? A life insurance policy is typically a long term financial commitment towards buying risk protection. Given the long term nature of the product where you are required to pay...more
Life; pain, agony and success Well....everybody undergoes through stresses, difficulties, pain. Some fight it off while others lose it by just complaining about it. These tensions in life are so many that we tend to get afraid, fear grips and...more