If you are single and dont have any children, or anyone that depends on you financially then you dont really need life insurance. You would be much better off using this money to buy an insurance policy that would give you an income if you were unable to work because of illness, for example, income protection insurance.However if you have someone that depends on you financially, like a partner or children, then you need some life insurance to...more
LIC Life Insurance Jeevan Anand Policy Jeevan Anand policy offered by LIC Life Insurance India is a mixture of whole life insurance and endowment insurance plan. This Plan is beneficial for individuals who wish to give their dependents happiness and financial security in their life, even in your absence. In Endowment Insurance, the policy holder choose policy duration during which the premium is to be paid. When the premium paying duration...more
Whole Life insurance is very difficult to get a full grasp on, especially for many of those who are selling it. It must be hard for them because they try to confuse their prospective customers with charts, graphs, spreadsheets, and irrelevant comparisons of all kinds.In fact many insurance agents push one type of insurance exclusively and focus their attention on why there favorite type is better than the others. Perhaps if they spent their time finding out specifically what job their prospective customers wanted their insurance to do they could instead recommend the right combination of coverages to help them achieve their goals whether whole life insurance is part of the solution or not.Actually whole life insurance a financial product that is designed to help fulfill an individual's long-term goals and objectives. And because your goals and objectives last as long as you do it is important that you keep it in force for as long as you live. Therefore it is often described as a form of permanent life insurance that provides coverage for the life of the insured. Whole life insurance is considered life insurance first and foremost, and is purchased to provide peace of mind for...more
Life Insurance Trust: Tips for Keeping Inheritance Property Out of Probate A life insurance trust can be thought of as a safe deposit box for storing inheritance property. Life insurance policies are placed inside the trust and managed by a Trustee. Upon the policyholder's death, the Trustee distributes proceeds to designated beneficiaries.A...more
Can your genetic makeup stop you from buying life insurance? By Michelle Matlock, Life Quotes, Inc.If your grandfather was an alcoholic does that mean that you're destined to be one as well? What about your mother and aunt who have both been diagnosed with breast cancer?Your genetics determine more than the color of your eyes and skin, they...more
Life insurances have become a necessity now days. Everyone wants to get the better deal life insurance in order the get the maximum possible benefit from the insurance. Most of the companies are attracting the persons by offering the attractive deals but in reality they have placed a lot of hidden facts about the deals they are offering. Though the trend of life insurances have increased but it is also true that finding the better deals of life insurances has become far too difficult then the past years. The amount of the premium has also increased as compared with the past years.If you follow some simple measures then it is quite possible that you find the suitable insurance deal. First thing that you need to know is the detail of the company. Survey a lot of companies, ask for their details and collect them. Read all these details thoroughly without missing a single point. Based on the details choose two or three insurance companies that's seems attractive to you, or you hope that these may provide you with the better deal life insurance. The second step that you need to follow is that meet some of the current insurance holders of the companies that you have short listed based on...more
Life insurance is an essential factor in everyone's life and especially for the ones having a family relying on their income. Even in some instances where the family is not dependent on your income, it can still be a good idea to take such insurance...more
A sole income provider with a large family and sudden death, nothing can go worse than that. Beyond this life is imaginable. A family leading a decent life may have to fight hard to survive especially if you were the bread earner of the family. You...more
Life insurance for many people is something of an enigma. There are many different companies offering BMO life insurance, TD life insurance and CIBC life insurance to name a few, but many people do not agree the sentiment of needing money after your...more
How personal bankruptcy impacts your life insurance policy By Dawn Reiss, Life Quotes, Inc.Filing for bankruptcy is usually person's worst nightmare, but when it comes to protecting your assets (including the value of your life insurance...more
"Fun is like life insurance; the older you get the more it costs"Kin HubbardWe have all heard about the importance of rupee cost averaging when it comes to investments but very rarely do we realise that the concept can and should be used even when...more
Life Insurance for Police Officers and Other Law Enforcement Individuals First thing first, is there such a thing as police officer life insurance? Not really, but there is such thing as the right company and underwriter for life insurance for...more