We all need some kind of security in our lives. When you have a family, their welfare is your top most priority. However, there are some things that you cannot control such as Death. It can happen without any notice and it can leave a family struggling financially. Life insurance is an easy and secure way of making sure that the financial security of your family is enough for any problems they may encounter after the heartache of losing a loved...more
Birla Sun Life Insurance wins Good Corporate Citizen Award for 2009-10Mumbai, 25 September, 2010: Birla Sun Life Insurance Company Ltd. (BSLI) has won the prestigious Good Corporate Citizen Award for the year 2009-10 in Mumbai under the newly introduced category of Banking and Financial Institutions. Good Corporate Citizen Award, introduced by Bombay Chamber of Commerce and Industry in 1993, aims to recognise and honour conspicuous achievement...more
Like most other things, getting the best insurance deal does not necessarily mean that it will be the cheapest option. Sure, everyone likes to get a good deal and occasionally you may come across a bargain but most of the time, when it comes to life insurance, those deals are few and far between. A cheap or bargain policy usually has so many strings attached that it seldom is the best option in the long run. To understand how to find the best policy, it is helpful to look at the different types of life insurance and what makes some type of policies cheaper than others. Then when offered a cheap policy, you can evaluate the offer objectively and establish if it is really the best life insurance policy for you.What's the Cheapest Form of Life Insurance?The most affordable type of life insurance will be a term policy. In this type of policy, you pay the premiums and get the benefits of the life insurance for a set term. Most often, this type of insurance policy is taken out by homeowners when they acquire a mortgage. The insurance policy is there to ensure that if you die before the mortgage has been fully repaid, the policy will cover the costs of the outstanding mortgage. This...more
Every college to which students enroll offers the opportunity to live on campus for everyone. It is especially important for those students who come from other cities or states, or even countries as they have no place to live in the surroundings. However, even under the condition of free housing offered by the college, some students...more
Underwriting for Individual PoliciesAll states require the medical underwriting of individual policies. This helps insurance company to verify the applicants medical history and lifestyle before determining the type and price of the policy. Through underwriting, the company wont be able to refuse if the condition does not exist or not defined at...more
Shopping for long term care insurance cant be accomplished in two to five hours. This is not a typical insurance that you can just forget and replace it with other coverage. Getting long term care insurance entails time and proper planning to ensure that youll get good services once you reach retirement years or any time you need it most.You should be money-wise.Assess your needs. The types of long term care services differ from one provider to another. What others need does not necessarily reflect what you also need. You have to weigh in some factors such as your age, medical condition, and financial stability before going straight to the insurer. Ignorance kills. You should always research about long term care insurance to avoid blunder and to help you organize everything you will need. Try to canvass the costs of long term care costs in your area. You can get average costs through Metlifes survey of nursing home and assisted living facilities. Once you know the average costs of long term care in your area, you have clearer view on how you should finance the care.Always consider policies that offer wide range of care such as nursing home care, assisted living, and home care. Most...more
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,...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...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...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...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...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...more