Life Insurance can be seen as falling into a cash value or non cash value scale. The cash value life insurance policies are those that have investment options. Alternatively, the non cash policies will only have death benefits.By doing some important research you can find the most suitable cover. You might go to a financial advisor for pointers on the suitable life insurance policy for you. Always confirm any information you are given in your...more
A lot of people are indecisive of getting long term care insurance. Most of them question the importance of long term care insurance and rely on cheaper or economical means of insuring their elderly health. The views are always divided in the pros and cons of LTC. Supporters believe that long term care insurance is an essential financial planning meant to protect their assets saved for the heirs and secure a dignified living in their later years,...more
With the removal of 'whole life' insurance policies from the Australian market some time ago, life insurance has been simpler than ever. The remaining option, term life insurance, works in exactly the same way as any other insurance product. You pay a premium, the insurance company gives you a list of covered events and if one of them happens, you can claim the listed amount. This also applies to trauma insurance and TPD insurance (total and permanent disability insurance). However, new research has shown a startling lack of understanding with regards to life insurance policies by Australians. Today we reveal 5 common and deadly misconceptions about life insurance.1. Believing that you have 'social life insurance' availableAustralia is very lucky to have socialized healthcare and a good system to support those that are unemployed and disabled. However, many Australians believe the Federal Government is required to financially assist families in the event of one member's premature death.If you do not have Life Insurance cover and you become unemployed due to grief from the death of a family member you may be entitled to unemployment benefits (currently around $450 per...more
Yoga has had a profound impact on human mortals since time immemorial. This five thousand years old phenomenon has been at the heart of the Indian civilization through the ages. Thousands of people worldwide are now practicing this beautiful phenomenon to enjoy a blissful and healthy life. There are many benefits which come out by the...more
4 Important Issues in Renewing Your Life Insurance Policy Life insuranceAfter all the heavy decisions and intricate calculations that went into taking out a life insurance policy, renewing one seems like the most natural thing in the world! However, there are still some important issues that can come up around renewal time. Here we look at 4...more
4 Important Things To Consider While Taking A Mortgage Life Insurance With mortgage life insurance your family will not have to worry about paying for the house when you die. You need to know what a mortgage life insurance is, its types, benefits, and its drawbacks, to make the best decision for the future benefit of your family. You may have heard about mortgage life insurance, but have yet to figure out if you really need it or not. It is important that you know more about this type of insurance to help you make the best decision. Here are some important facts about life insurance: You will want to know a little about what mortgage life insurance does If you are unable to pay your mortgage, mortgage life insurance is used to cover the remaining balance. The plan that helps protect your family when you leave behind from your debt, and which they may be unable to pay off in the future, is otherwise known as mortgage protection insurance. When filling out loan forms, this insurance is usually offered to you by some banks and credit institutions. Other agents may also contact you about it through Mortgage Life Insurance Leads. Various kinds of mortgage life insurance Two ways...more
4 Distinctive Characteristics between Term Life and Whole Life Insurance The investment component of whole life insurance, the way each kind of insurance deals with their clients' different needs, their coverage periods, and the way their...more
30 Year Term Life Insurance Premiums Are Surprisingly Low The 30 year term life insurance premiums are quite low when you take into consideration what can be accomplished when you buy this policy. As most people know the longer your policy is...more
There are numerous benefits of life insurance. Like other insurance products, it does not only facilitate wealth creation but also give the policyholder's family and dependents a sense of security. Term and whole life insurances are the two life...more
The price tags, coverage periods, the investment component of whole life insurance and the different kinds of needs each insurance addresses are the significant differences between term life insurance and whole life insurance.Life insurance offers...more
When One Truffle Just Isn't Enough: Christmas Gift Ideas for the Chocoholic in Your Life Do you know someone who was never seen a piece of chocolate they didn't like? Is this person on your Christmas gift list? If so, take a cue from...more
One of the main reasons people dont purchase long term care (LTC) insurance is because the premiums are expensive and they think the gamble of paying all that money against the probability of needing long term care is just not worth it. Many people...more