Have you heard of long term care insurance for so many times but still unaware on how is it going to affect you? The common blunder is that people only consider getting insurance coverage once they get into a point when they are seriously ill, incapable of doing simple chores, and run out of budget for nursing home care. You may have vigorous lifestyle and health today, but someday those comforts will suddenly fade in later years. Long term care...more
Getting whole life insurance is one of the best investments you can make for your family for after you are gone and cannot take care of them anymore. Through whole life insurance you can make sure that your family is well taken care of financially so they can focus on the more important things. Insurance companies collect information on their clients and put them into "risk" groups, which then determine what category they will fall in.Everyone...more
A question asked often by many people is "What is term insurance?" Consumers often find themselves at crossroads when buying insurance. It is a life insurance policy that provides coverage for a certain period of time. Life term insurance provides guaranteed benefits depending on how many years the policy lasts. Term insurance can easily be extended and thus proves to be inexpensive and convenient.Term insurance pays a predetermined sum if the insured meets his demise during the period when their term plan is active. Based on the face value of the policy the amount is then transferred to the beneficiary. The advantage with term insurance is that it tends to pay a much larger cover for a minimal premium as compared to other types of insurance.There are various types of life term insurance policies available in India. The duration of each term plan may vary from ten to 30 years. Today the best term insurance plans can be bought easily with online term plans or an online term policy since they are widely available on the internet by various life insurance companies like ICICI Prudential, Aegon religare and Kotak life.Earlier, people often choose to invest in ULIPs...more
Long term care insurance is insurance which gives for in-home care of the patient. This would be added to the patient's current health insurance plan, or it is provided through Medicare plans. It's a plan which should be purchased separately from services for health coverage such as doctor's appointments or hospital stays.The services that...more
Life insurance is probably the most overlooked or lacking aspect of peoples estate planning. Many clients claim that financial security for their spouse and/or children is a priority, yet when the subject of life insurance comes up, they often look with a blank stare. FIM Group is a fee-only advisory firm, which means we sell no products (life...more
If you are over 65, or if you are taking care of an elderly person, you may have gotten some offers for senior life insurance. There are a lot of big companies, like AARP, that market a variety of life policies for older people. A lot of older people wonder if they should buy a policy to help provide cash for their families when they pass away.Families may need cash when a loved one passes away. Funerals are expensive. Families also have other things to pay for at this time. Loved ones may need to take time off from their jobs, travel, and feed mourners. This can be a very stressful time for everybody. Nobody wants to add money problems to the stress.However, older people will cost more to cover than younger people. While you can compare senior life insurance rates to find low cost alternatives, you have to decide if this is a good financial decision for your family.Consider an example. Keep in mind that the numbers I use are from one example policy, and you need to compare quotes to find the exact rates and policies for yourself.A typical premium for a $10,000 whole life policy for a 70 year old would be about $75 a month. In our example, the policy will be paid up...more
50000 executives /agency managers & 12 lakh part time agents of Life Insurance companies are going to be out .These are the estimates of Research & Analysis Wing of Insurance Foundation Of India and were released by S. K. Sethi ,Vice...more
Don't let the fact that you are someone who does not have any health insurance at this point in time prevent you from getting the medical attention that you need. If you know that you are sick, things are only going to get worse for you...more
The latest book - The Dealer and the Dead - from Gerald Seymour is raw and hypnotic at the same time, though it does look more like reporting rather than fiction. You may also be disturbed by its brutality. This is the story of a British arms dealer...more
Is your Life Insurance up-to-date? Life insurance is like the Swiss Army knife of estate planning: there are so many ways you can use it as you plan to pursue your goals. Whether you simply need to insure yourself or need to protect...more
In the event that you hurt yourself or experience a minor illness, do you know exactly where you would go for the treatment that you need? Would you wait until your private care physician is able to see you, or would you rush off to the...more
Knowing the underwriting objectives, a professional life insurance agent must likewise observe basic responsibilities that must be accorded to the clients. If done properly these responsibilities will act as a bridge in order to build...more