Long Term Disability Insurance – Opt for it and secure your future Long term disability insurance can of great importance for those who want to protect or shield themselves against losing the future earnings. In general disability insurance is normally given to a person who is no longer able to earn money or makes a living. The benefits that are drawn from disability insurance are generally used to pay medical expenses, mortgage bills...more
If you are single and dont have any children, or anyone that depends on you financially then you dont really need life insurance. You would be much better off using this money to buy an insurance policy that would give you an income if you were unable to work because of illness, for example, income protection insurance.However if you have someone that depends on you financially, like a partner or children, then you need some life insurance to...more
LIC Life Insurance Jeevan Anand Policy Jeevan Anand policy offered by LIC Life Insurance India is a mixture of whole life insurance and endowment insurance plan. This Plan is beneficial for individuals who wish to give their dependents happiness and financial security in their life, even in your absence. In Endowment Insurance, the policy holder choose policy duration during which the premium is to be paid. When the premium paying duration over, the policy holder gets the sum assured plus bonuses. After Endowment Policy, Whole life policy feature starts, the nominee gets the sum assured when the policy holder dies. In short, you get double sum assured. Jeevan Anand Policy by LIC is a with-profit plan and participates in the profits of the Corporation's life insurance businessKey Features of LIC Jeevan Anand Policy:It is a combination of both the whole life insurance and endowment policy.In this plan, the policy term period you choose, decides the premiums how much you have to pay. Whereas, the policy cover on the insured person does not get over till he dies, similar to whole life insurance policy.Bonus reserve during the premium paying term is payable at the end of the...more
Whole Life insurance is very difficult to get a full grasp on, especially for many of those who are selling it. It must be hard for them because they try to confuse their prospective customers with charts, graphs, spreadsheets, and irrelevant comparisons of all kinds.In fact many insurance agents push one type of insurance exclusively and focus...more
Life Insurance Trust: Tips for Keeping Inheritance Property Out of Probate A life insurance trust can be thought of as a safe deposit box for storing inheritance property. Life insurance policies are placed inside the trust and managed by a Trustee. Upon the policyholder's death, the Trustee distributes proceeds to designated beneficiaries.A...more
Can your genetic makeup stop you from buying life insurance? By Michelle Matlock, Life Quotes, Inc.If your grandfather was an alcoholic does that mean that you're destined to be one as well? What about your mother and aunt who have both been diagnosed with breast cancer?Your genetics determine more than the color of your eyes and skin, they present a detailed map that illustrates familial traits, ticks, and in some cases, the odds of being stricken by a serious illness.Following several key court cases beginning in early 2000, genetic testing was used to make unfounded assessments of genetic risks for those seeking employment or insurance."We are incredibly vulnerable when it comes to our DNA," says Dr. Deborah Peel, a practicing physician, boarded psychologist and founder and chair of the non-profit consumer health privacy advocacy organization, patientprivacyrights.org. "I don't think we realize that when we walk around a room we shed DNA everywhere. This information can be lifted from a glass of water or a soda can. If you can lift off enough microscopic material you can find out a great deal about that person's genetics."Some fear that as genetic testing becomes a...more
Life insurances have become a necessity now days. Everyone wants to get the better deal life insurance in order the get the maximum possible benefit from the insurance. Most of the companies are attracting the persons by offering the attractive deals...more
Life insurance is an essential factor in everyone's life and especially for the ones having a family relying on their income. Even in some instances where the family is not dependent on your income, it can still be a good idea to take such insurance...more
A sole income provider with a large family and sudden death, nothing can go worse than that. Beyond this life is imaginable. A family leading a decent life may have to fight hard to survive especially if you were the bread earner of the family. You...more
Life insurance for many people is something of an enigma. There are many different companies offering BMO life insurance, TD life insurance and CIBC life insurance to name a few, but many people do not agree the sentiment of needing money after your...more
How personal bankruptcy impacts your life insurance policy By Dawn Reiss, Life Quotes, Inc.Filing for bankruptcy is usually person's worst nightmare, but when it comes to protecting your assets (including the value of your life insurance...more
"Fun is like life insurance; the older you get the more it costs"Kin HubbardWe have all heard about the importance of rupee cost averaging when it comes to investments but very rarely do we realise that the concept can and should be used even when...more