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...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 life insurance trust protects policy proceeds from estate taxes and the probate process. Probate is required in all 50 states and used to settle decedent estates. Probate can settle in a few months to longer than a year. Much depends on estate value, types of inheritance property, and family dynamics.Life insurance policyholders designate a Trustee through their last will and testament. Oftentimes, Trustees are the surviving spouse or adult children. However, individuals can also appoint a third party such as an insurance trust company or estate planning lawyer to oversee the trust. Although Trustees manage the trust, policyholders retain control over designation of beneficiaries and how inheritance property should be distributed.There are advantages and disadvantages to establishing life insurance trusts. The primary advantages are...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,...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...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 to help them cope with the highly upsetting and difficult event of your death. However while we all know it is a good idea to take insurance, it is difficult for most of us to know how to compare life insurance policies. There are hundreds of different companies to choose from like BMO life insurance, TD life insurance, etc., and knowing which one is best for you can be quite confusing.Many factors make each policy unique where the most obvious is the cost of the insurance against the amount that would get paid out. The aim of a good insurance is to allow your family to continue with the way of life they experienced before your death and this would make it normally for those with higher paid salaries to take out more life insurance. Once you know how much you want to be paid out though, it then becomes a fairly simple matter of knowing how much you are willing to pay each month towards it. The more you can get for your money the...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
The Many Options of No Medical Exam Life Insurance. What Is Best? When no exam life insurance started to be offered, it seems that all that was available was fast online response companies. You got approved or declined on the spot. Insurance...more