If not selected smartly, insurance as life and tern insurance can be more damaging than of use so you want to make sure that you invest in the proper type of insurance. You need to first know what the difference is, before you can begin to even think about either of the two because this will help you understand what the best for your family and you? You may be facing with a very difficult decision if you have determined that you want to spend in...more
Life insurance has come a long way from its early days more that 400 years ago. Starting out as plain vanilla term life insurance and then plain vanilla whole life policies there are now several variants to these two traditional policy types. The beauty of life insurance products is that new (lets call them non-traditional) policy variants are built upon these two traditional policies, and keep evolving over time based on changing social and...more
Do you have young dependants? The main aim of buying a life insurance policy is to protect them from financial strife in the event of your death.Young families are vulnerable, so term life insurance is best.The needs of a young family are special. This necessitates that you not just own a life insurance policy, but that you own one that will take care of your familys needs as perfectly as possible.Young families are placed quite precariously from a financial standpoint. Kids are expensive to care for. Young families have several financial obligations like mortgage on the family home; parents may be in the process of saving up for college education while trying their best to keep their familys monthly expenses within the budget. Their life insurance policy needs to be economical as well as effective. The goal is to have a big enough death benefit to cover all your dependants needs and yet be able to make premium payments regularly.It is very important that young families with many financial obligations consciously opt for a term life insurance policy because it perfectly caters to their needs.Life insurance checklistHeres a useful checklist if you have a young family.If you already...more
A new baby is so special! Most couples plan a family only when they know they are financially stable. However, for many a life insurance plan doesnt figure at all! Why stave off a life insurance purchase? When you plan a family, one of the first things that needs to be in place is a life insurance policy.Life insurance is purchased to protect ones...more
Deer sightings are quite common in many places where decades ago, residents may have never seen a live deer. Countless cars have been damaged due to deer getting caught in the beams of oncoming headlights and not knowing which way to go. Gardens and flowerbeds fall victim to the hunger pangs or deer and other wildlife. Squirrels can...more
Term life insurance is needed by practically any person who has a family member dependent on them. There are many reasons for this. The reasons point to the financial security of the family after a death. There are many plans for various insurances.The policies will be one of the following:• Decreasing term life insurances • Increasing term life insurances • Five year term life insurances • Ten year term life insurances • 20 year termed life insurances • 30 year termed life insurancesDecreasing term is preferred by some. This is an affordable policy that secures your family from a mortgage debt. For example, if you bought a new house and pay the monthly premium to the bank. Suppose, you die due to any reason, then the insurer will be responsible to pay for the remaining amount of the money owed to the bank. Your family will own the house for the cost you have already paid to the insurer and to the bank as the monthly mortgage.Increasing insurance is like buying an affordable termed policy for only one year, but with an option to increase the policy for more years. This type of policy is attractive for some. Every year the premium increases, and this policy...more
The importance of life insurance grows, as you get older. It's important to invest in life insurance, whether term life insurance or whole life insurance, if you are the primary financial provider in your family. You want to make sure...more
Can paying for coverage you never received save you money? If you're still reading, you've probably guessed correctly that the answer is "yes," and now you're just wondering how and why. The answer is backdating: set the effective date of your life...more
Needles and pins as well as safety pins are mostly used to fasten clothes or papers. A needle is a type of pin that is generally used for stitching. Sewing machines needles are bigger compared to the ones we use to sew clothes by hand. Pins can also...more
One of the unique aspects of learning about life insurance financial info is that this insurance is the only kind you'll buy that you yourself will never directly benefit from.Instead, you are buying life insurance because you care and love someone...more
If you have ever wondered what your workers' comp adjuster does in a day, please read this fictional, but true-to-life account of an adjuster's typical day. Let's take a look at what a typical adjuster does during the day and reflect on...more
Group life insurance plans is a kind of insurance plans which provides coverage for the lives of a small grouping of people for instance employees of an organization, members of co-operative, members of a labour union and the personal members of a...more