A term life insurance policy is one of the life insurance policies that one can take in case you need a cover for a particular period time. Several benefits are attached to taking a term life insurance policy. Such benefits depend on the type of term life insurance policy that you take. When you areRead more
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Your life insurance policy and the benefits are your responsibility, and so they are your assets. As a result, you are free to do anything you want with your benefits. Some people decide to leave the benefits to their family members. However, there are others that opt to donate the benefits to charities or non-profitRead more
Term life insurance is a type of policy that provides coverage for a fixed duration of time. This type of insurance has been gaining popularity due to its cheaper premiums as compared to whole life policy plans. However, the policy also comes with its downside in that it has no cash value, and once theRead more
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
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
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
We need to start planning for our retirement when we are young and energetic. The increasing life expenses have made it a major necessity that we plan for our future so that when our earnings will be lesser, we may be able to meet our livelihood with ease. With ever increasing advancements, the modern lifestyleRead more