Life insurance refers to a contract between the insurer and the insurance company. The insured receives a cover that promises to pay death benefits to their dependents. Life insurance contracts require that premiums be paid for a defined period. Of course, there are many categories of life insurance. However, our focus here is on prepaidRead more
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Smokers are likely to have a shorter lifespan. They are also susceptible to more health issues compared to their non-smoking counterparts. Cigarette smoking puts them at more risk and so they must pay more for a cover. In fact, the premiums they pay will range between 40% to even 100% more than what their non-smokersRead more
Life insurance covers were developed to cater to the needs of beneficiaries upon the death of the insured. But later many products evolved to make it more attractive. Currently, it incorporates saving and investment components. It is now possible to borrow money against the cash value of the policy. Universal and whole life insurance policiesRead more
Saving money is not easy for anyone operating on a tight budget. The unexpected expense and impulse spending makes it difficult for such people to save. Thus, it needs sacrifice, careful budgeting, discipline and commitment to be able to save any substantial amount. But, the good news is that a life insurance policy can helpRead more
Deciding which life insurance policy option is best for you can sometimes be confusing. But, it shouldn’t be. There’s an easy method through which you can differentiate between an accidental death policy and other traditional policies. In this post, we’ll be dwelling on what accidental death policy is when a death is deemed accidental, whatRead more
At the age of 80, most of the females look for a burial life insurance over 80. This is actually a whole life insurance that covers from $2,500 to $25,000, even more. It ensures the female that she is not a burden for her family after her death. It’s also helpful to pay all the funeralRead more
A time comes when you are seriously in need of money and the only thing you have left is your life insurance policy. Or in some other cases, you may change your mind and decided you need to cash out your life insurance policy. Yes, you can cash out your life insurance before you die.Read more
A life insurance policy is something you get in order to feel safe and covered and to make sure your family is taken care of in case anything happen to you. So of course, when you are choosing between different life insurance plans, you are looking for the one that will give you the bestRead more
In everyday life, no one wants to think about the possible blows of fate. However, taking into account dozens of millions of those who struggle with blood pressure day by day, it becomes more evident how important life insurance premium is. Well, some people might be frightened when they hear that life insurance is likelyRead more
Most people do not like to think about life insurance. This is due to some preconceptions and the desire to drive away bad thoughts with the confidence that nothing bad will ever happen to us. But there are other people who care about themselves and their family not only during the period of well-being butRead more