As the population is increasing year by year, persons purchasing insurance is also increasing. It makes a way for breeding of Life Insurance companies. Major types of life insurance plans include child plans and guaranteed plans. Child plans help in funding for care of the child and education. These types of plans can able to give bright future for your child.Guaranteed plans are like investing in a share market. It creates security...more
Life insurance is a preplan of your family after your death. Similarly burial Insurance makes you pre plan about your final ceremony after your death. Funeral and burial Insurance is for making your funeral in a good way. The coverage for this insurance includes casket, burial plot, flowers and transport charges in the funeral. Burial insurance is a new insurance policy that helps in providing amount in doing the funeral. In...more
Do you understand term life insurance? Since it is a very popular type of policy, it would be smart to know what it is before you decide which kind of life insurance policy to buy!A term policy guarantees coverage for a temporary period of time, and that is why it is called term. There will be a fixed premium which will be guaranteed for a period of time as well.Sometimes the fixed length of coverage can be a few years or a few decades. Policy lengths of ten, twenty, or thirty years are common. Some may only last 6 months, while others may provide coverage until age 65. So you can see there are a lot of options to fit the needs of different consumers.Once the policy length has expired, there is no more coverage. There is also no cash value.However, some poliices can be extended. Others can be converted to permanent policies. These options give the policy owner some flexibility.Sometimes term is also called pure insurance. This is because a basic policy only provides a death benefit. Unlike some other forms of life policies, there is no cash value.Other policy options may provide more benefits, but usually come at an additional cost.A return of premium rider costs a bit more, but...more
There is a popular saying which goes with the word insurance hand in hand and that is "Insurance is not for the person who passes away, it is for those who survive". An insured life promises you that any eventuality in your life will not hamper the life of your family and they will have same living standard as they are having in your presence. This...more
Whenever people think of buying life insurance, most of the times they find themselves in a dilemma about which policy to go for. There are numerous options available to one in terms of buying a life insurance policy, both offline and online. One can consult with an insurance agent who can assist you in choosing the best life...more
Whole life insurance or term life insurance is confidential based on many different aspects of the insurers life and health therefore many people are troubled about getting in it. Whole life insurance and term life insurance are both classified based on the same things but it does not mean that if you arent in perfect health you cannot get adequate and reasonably priced life insurance. In term life insurance the timeframe is more important and everything is calculated based on its term but Whole life insurance doesnt have a set term and neither the insurance company or that restricts the insurer. The risk class is calculated to decide the longevity of the insurance, both term and whole life insurance is calculated based on a standard form, which determines the insurers risk class. Which will have to pay off the insurers family the claim form the insurance company.Term or whole life insurance is calculated and based on many factors, which are used to determine the insurers risk class. This factor is very important the insurer is a smoker or non-smoker, their blood pressure, triglyceride levels, and cholesterol are also very important. The insurer income and lifestyle are very...more
We try to be well maintained and be better serviced even when we buy something with the intention of personal use and we are always ready to shell out some extra pennies to avail this. Nobody would like to compromise when it comes to...more
Though prevails in human societies for several centuries but life insurance has become popular with the boom in this industry. There are several factors associated with that. Fast lifestyle of today has made life uncertain than earlier...more
Everyone is going to go through the two cycles of life and death. But we have not moved from the ritual of tears and sadness, to one of celebration of life that went from the hell that we live in to heaven with God, as it should be.If...more
There have been various important aspects that have been kept in mind before bringing into force the concept of life insurance no exam policy and these aspects includes easiness in underwriting that ensures instant issue of policy and...more
As we start to get on in age, our mortality becomes an increasingly present concern of ours. You may ask yourself questions about how it will feel, what comes after and other philosophical questions that have plagued humanity since the dawn of time....more
Life annuity is a contract-based insurance between the insurance company (the insurer) and the party paying the insurance company (the insured). If you choose to sign up for a life annuity plan with an insurance company, you agree to pay them a fixed...more