Life Insurance is a sort of policy that people buy from the insurance companies that can be the source of safety and financial stability of the family after his death. Usually, Life insurance is the security for the earning member of the family. That means if anything happens to the person on whom the entire family relies, and if his earning stops, then his family should not suffer from any financial problem. Does best life insurance necessarily...more
When one pay for insurance, it means that you are buying something that you would never use it, but in case you want to file an insurance claim, you would come to know how important it is to have right kind of coverage. Follow the below given instructions in case you are a first time buyer for life insurance.Pay less by life form healthyIt is a remarkable fact that people who are in fact healthy get best rates on life insurance. You would be...more
Thinking about getting a life insurance policy may not be on the top of everyone's list of things to do, but it is nevertheless an extremely important thing to do for everyone who has loved ones.Of course, it is unsurprising some people don't like to think about what may happen after they have gone. But the truth is that it is not a morbid thought, but a practical one. Look at it this way, by spending a little time now making sure family members are looked after, you can get on with living your life now and for many years to come.Other people put off applying for a policy simply because they imagine it will be a horrible experience filled with endless form completion and personal questions, not to mention the much feared medical.This may have been the case once upon a time, but things are very different now, especially if you choose one of the better companies dedicated to making the whole process as simple and straightforward as possible.The first thing to realize is that it probably isn't too late. The better companies will accept anyone aged over 18 and below 65. For the people who fear being middle-aged rules them out, this should be the first piece of good news.The next thing...more
Long term insurance is mainly intended to protect the impact of a possible disability through a much longer period of time. The insurance company has to cover a percentage of the monthly salary for a much longer period of time, when you qualify as a disable individual.As with various types of insurance, there are multiple factors that will affect...more
Long term disability insurance companies provide you with wider scope of benefits ad options. This insurance plays a bigger role in case of policyholders and investors, who plan to work together along with the company to achieve their financial objectives.By opting for long term protection, the clients are able to focus more on investing on...more
Does the amount of alcohol you drink affect your life insurance rates? While life insurance companies may not be primarily concerned with how much alcohol you drink, they are definitely concerned about any adverse effects your drinking may have on your health. Heavy drinking as a lifestyle may lead to chronic health concerns such as heart disease, stroke, depression, dementia, liver and gastrointestinal problems.Because the amount of alcohol you consume may have bearing on your health and longevity, life insurance companies are interested in this aspect of your life. Most companies would not hesitate to increase your life insurance rates if you are a heavy drinker. In fact, according to the underwriting practices of some life insurance companies, drinking two drinks a day may disqualify you from the "preferred" category. Drinking four or more drinks a day may disqualify you from "standard" life insurance rates.If you already have a history of alcohol abuse, and you have attended Alcoholic Anonymous meetings or have had a DUI on your driving record, this could lead to much higher life insurance rates. Depending on how severe your alcohol condition is, some life insurance...more
So, it is a well known fact that improving your health can improve your life insurance rates. A few chronic health conditions that can prevent you from getting a good rate on life insurance are high blood pressure, diabetes, cancer and heart disease....more
Being overweight is usually a cause of concern when applying for a life insurance policy. Some people who have challenging health issues related to being overweight think they cannot get any insurance at all and therefore, may not even try applying...more
Another way you can save on premium payments is by making annual payments. Most life insurance companies offer several payment options. You can pay monthly, annually or even quarterly or semi-annually. However, life insurance consumers may not know...more
It is fairly obvious that your life insurance policy should name a beneficiary since the sole purpose of a policy is to ensure that your loved ones will be financially supported after your death. Most life insurance policies bequeath their...more
Buy Latest Gadgets: For amazing and vibrant life By: Robin Swan About the Author Robin Swan is an expert author and has more then 4 years of experience in writing gadgets and technology articles. To know more about Buy Latest...more
An alternative which protects you against declining insurability as well as providing life insurance that meets your changing needs is to plan ahead. Since individuals' insurance needs generally decrease as they age, most people can satisfy their...more