Category: Life insurance
How Can I Choose the Right Plan For My Child Future?
There are several different investment options for your child’s future. There are 529 plans, custodial IRAs, and ULIPs. It’s important to understand the differences and make a plan. Then, you can make the right choice for your child’s future. High-yield savings accounts High-yield savings accounts offer a secure place to store your cash while earning […]
What Happens If You Lie On A Life Insurance Application?
If you lie on a life insurance application, your life insurance application will be rejected. This rejection will be logged on the Medical Information Bureau (MIB), a clearinghouse that life insurance companies use to discourage fraud. You may have to find a new life insurance company if your application is flagged on MIB. In some […]
Best Life Insurance Plans to Save Taxes
Investing in an investment plan can not only save you taxes, it can also protect your family in the case of your sudden demise. An investment plan will provide financial security to your family in your absence, and ensure they are not burdened with debts. When selecting an insurance plan, you should take into consideration […]
What You Need to Know About Retirement and Pension
One of the main benefits of a pension plan is that you can save your money over a number of years. This will allow you to deal with inflation and become financially independent after you retire. There are also a number of different types of pension plans. You can choose from an index fund, a […]
Why Do You Need Investment Plans?
Investment planning is a key step in making money work for you. These plans can help you minimize fees and taxes, keeping more of your money. For example, low cost investments are often better for you than higher cost ones. You can even use these plans to fund your retirement accounts. Regular rebalancing is also […]
Applying For Life Insurance With a Pre-Existing Medical Condition
You may be concerned about the cost of life insurance if you have a pre-existing medical condition, but there are several benefits to applying for this type of policy. Before you begin the application process, be sure to collect all of your medical records and other documentation to ensure that you can get the best […]
5 Reasons You Need to Buy Life Insurance
Buying life insurance is a good idea for a variety of reasons. While its primary purpose is to replace your income, it can also provide peace of mind and financial stability for your family. Your payout will help cover living expenses, and it can even be used to make plans for your future. Benefits of […]
Can Life Insurers Offer Health Plans?
Life insurers are better-positioned to provide health insurance coverage than non-life insurers. They are already licensed to offer indemnity-based health plans, and they can set yearly or lifetime dollar limits for spending on services that are not considered essential. However, they have not been eager to branch out into new areas. Life insurers are better […]
What Happens If You Stop Paying Life Insurance Premiums?
You may be wondering, “What happens if you stop paying your life insurance premiums?” If you don’t have enough money to make all of your premium payments, there are several options available to you. You can reduce your coverage or cancel it entirely. There may be a grace period to pay off past-due premium payments, […]
The Difference Between Life Insurance and Life Assurance
The Difference Between Life Insurance and Life Assurance If you’re looking for a life policy, you may be wondering what the difference is between life insurance and life assurance. While both provide cash payouts in the event of your death, the main difference between the two is the payment period. Life assurance policies usually last […]