Life insurance refers to the contract between an insurer and a policy owner. It is based on mutual agreement between the insurer and the insured. The policy holder pays regular premiums on an agreed time in return for compensation from the insurer upon his or her demise. One can have pure life insurance which only compensates for the death of the insured and cash value insurance which accumulates cash value over time to enable benefits to be paid...more
Buying your life insurance is the first step towards protecting your family in case something untoward happens. However, for most of us, purchasing insurance is no longer an amusing task that involves selecting among myriads of insurers and scrutinizing their individual offerings.Lucky for us, the internet opened a new window of opportunity to speed up the whole process without even making a single call. Are you looking for five or ten insurance...more
These days, nobody wants to wait. The faster the better and we did it with our coffee, food and videos streaming to our computers to name a few. However, some things are bound to stay as they were and that entails waiting - but that is a different story.When it comes to insurance, the age of waiting is long gone. Years ago, it is inevitable for people to fill out piles of forms to get one quote or to be put on hold while the other line is manually locating for the information. At one point in time, people have become frustrated as manifested by a high number of uninsured individuals. Fortunately, things have changed and the information age speeds up the entire processing and getting life insurance quotes a breeze.Still, before requesting for a life insurance quote, makes sure you that have evaluated your needs already. Again, there is a shortcut for that you just have to multiply your gross annual income as to the number of years you would want your family to be supported. Once you have this number, you can move on to the next process.The next step involves deciding which company you would want your policy written. This is yet too early to decide because you need to pick up few...more
No one knows what is going to happen tomorrow that is reality. Your seemingly happy and normal life could be stricken, all of a sudden, by an accident that could change your life forever. Or you thought it to be a simple illness but turns out to be otherwise. Planning to live a simple and contented life may only live as a dream as you unexpectedly...more
Right off the bat, people already knew the importance of having a life insurance policy but because of so many and often too confusing options, they would defer or not to have any at all. Without a doubt, choosing the right life insurance policy is a discouraging task and even if they did, they would not know if they had chosen the right one to fit...more
Whole life insurance acts vas a cushion to not only your dependants but loved ones as well, in case of an untimely death on your side. This is the type which covers you for your entire life besides also being the one which your premium payment portions are added towards your policys cash value. There are basically three types of whole life insurance policies from which to choose. The first one is the traditional type, which guarantees you a return rate that is minimum based on the policys cash value. If you are holder of this policy and happen to be a first time home owner, then you are at an advantage in the sense that you are allowed cash withdrawals as down payment for the house. The other type of life insurance is one which is referred to as interest sensitive and it is the type in which the cash value acquires a variable interest rate. There is the advantage here of changing your death benefit amount, something that happens without an increase in the amount of premium paid. Though quite enticing, there is some level of risk involved in regard to your cash value. This is due to the fact that it is subject to the prevailing economic conditions in the sense that if they are poor...more
A rosy future is something that every mother and father wants to give a child, as seeing the child do well is worth any sacrifice that has to be made. However, we're only human, and our best laid plans can go awry in a matter of seconds.If you want...more
A lot of people will need long term care at some point of their lives, but this should not threaten their finances saved for themselves and their loved ones. Nobody wants to see his or her assets put to waste for expensive long term care services....more
The sale of long-term care policies in the past years lowered due to the wobbling economy and the staggering costs of LTC throughout the country. Many individuals are scared of investing on long-term care insurance, they believe that their lifetime...more
Some people choose to pay out-of-pocket expenses for their long term care, unaware of the financial disasters that could ruin their lifetime savings. After you've worked hard your entire life, it's distressing to see your entire finances used only...more
Life Insurance is kind of coverage that people purchase from the insurance companies that can be the source of protection and financial security of the family after his death. Basically, Life insurance is a security for the earning member of the...more
Today, modern life completely depends on electronic gadgets that influence all age group and social group of people. People can buy latest gadgets from anywhere. They are available everywhere like online shopping, regular stores, market place etc....more