Once you get your life insurance quote, there is just one thing standing between you and the issuance of a life insurance policy. And that thing is life insurance underwriting.What is life insurance underwriting?Life insurance underwriting is the process of evaluating the amount of risk that you present to the insurance company. When a life insurance company looks at you as a potential policyholder, it must decide how risky your life is and how...more
Whole (or permanent) life insurance policies are more than meet the eye. Sure they offer a death benefit that caries through the rest of your life as long as you pay your premium and keep the policy in force, but more than that they offer an additional benefit of premiums accruing into something called cash values. These cash values can grow in a few different ways: 1. They can grow at a fixed rate like in a traditional whole life policy. 2....more
Even the best functioning families in the world have been tossed into disarray when determining which family member will get what after the death of a someone in the family. This scenario can occur as a result of an insurance contract being owned directly by the deceased family member. In this circumstance a claim payment will often form part of the estate and may be controlled by the will, which may be contested, or alternatively where the family member has died intestate (i.e. with no current will), then the estate director will make a decision on how to pay the claim proceeds. Bear in mind that the executor of the estate will be unable to pay out the proceeds until after their work is complete. Many months or even years may pass by before a payment may be made. Some major issues will occur if the ownership of the death benefits provided under a life insurance contract has not been structured in a way that precisely reflects the intended use of the proceeds. Jointly owned policies by partners who subsequently separate is another area where problems can arise. The main issue here is that the policy will continue to be owned by the partners as joint tenants even after they...more
Though there has been astounding progress in the medical field, no one can predict with certainty about their state of health at a future date. Our complex lifestyle, increase in environmental pollution and new strains of diseases are slowly and negatively affecting our immune system. We can never be sure when we can fall prey to any disease. It is...more
The internet has become a very reliable source for android phone insurance companies. Gotronics android phone insurance company is one of the online android phone insurance companies which you may come across during your search through the internet. It is however not a common thing to find an online android phone insurance company...more
As far as peace of mind goes with regard to your family's wellbeing, there's no sounder investment than life insurance. If you've recently got a life insurance quote and felt your heart skip a beat, though, don't resign yourself to living without it! For most people, life insurance is actually very affordable. Today we check out the 9 easiest ways to save on your life insurance. 1.Get different quotesDifferent life insurance companies target different demographics; one may offer excellent rates for manual laborers, one may target their services towards seniors, etc. One life insurance quote isn't necessarily 'the price' you'll pay. 2.Bundle your insuranceIf you have income protection, trauma or funeral insurance policies elsewhere, find out if you'd be eligible for a discount by bundling policies with the same insurer. Alternatively, you could also look for a life insurance policy that might incorporate all of these benefits.3.Choose stepped rather than level premiumsStepped life insurance premiums gradually increase each year as you grow older. This increase reflects the higher incidence of death associated with older age. Despite the slow increase in premiums, this type of...more
Around 2% of the population is legally blind. Around 12 in 10,000 people get Parkinson's Disease. One in every two Queenslanders is treated for skin cancer in their lifetime. For most of us, we've had no serious health problems before ... and we tend...more
It can be very hard for an individual to achieve the desired image in life. Regardless of the dieting plans a person follows, the exercise which they do or the steps they take to obtain that ideal image, sometimes the body is just not intended to...more
With the development of the society, our environment become worse and worse, even can say that it will be bad for our life. Our life is clear connected with the environment that we rely on it to live. The speed of society economy is more and more...more
Then there are others who generally tend to have a reasonably good attitude towards life but who start to lose it in cases because of negative friendship, bad relationships, lost investments, suffered victimization and end up becoming...more
The main motive of insurance policy is to give financial security to the persons family especially during difficult times. There are aspects that need to be considered when you pick family life insurance. These factors can be the kind of lifestyle...more
Not everything in life goes smoothly or as we expect it to. That is why it is important that we should always be careful. Insurance of any kind is important to cover up for the uncertainties that may occur in future.However the insurance that is most...more