Life Cover Have you thought how you or your family would cope financially if a loved one passed away? That's why you should consider having an element of life cover in place. Most of us may think 'it'll never happen to us', but it's possible that you'll also know of friends or family who have faced unexpected health issues, injury or an untimely death. Life cover is generally set up to ensure that your mortgage can be paid off. Ideally you may want to exceed that amount to also make sure that there are some funds available for those left behind, enabling them to get through a difficult, emotional and financial period as painlessly as possible. At the Mortgage Brain we highly recommend our...
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Individual Life Insurance in Phoenix, AZ and the surrounding metro area Reassurance for you and your Loved Ones. Horizon Insurance Agency, LLC provides life insurance to individuals in Phoenix, Mesa, Glendale, Peoria, Tempe, Scottsdale, and surrounding areas. Many individuals consider life insurance to be the cornerstone of a sound financial plan. And while no one likes to think about passing on, Life Insurance can relieve you of the financial worry your loved ones may face in the event of your passing. Your beneficiaries will be able to use your Life Insurance policy to help pay for anything from expensive funeral costs and estate taxes to making up for lost income or funding your child...
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By now, you’ve likely come to terms with life insurance policies having different purposes. Maybe knowing the difference between whole and term life insurance was a lifelong endeavor—but you’ve mastered it now! To keep you on your toes, though, this post will add into the mix another type of term policy: decreasing term life insurance. From savings components to cash value to the guaranteed death benefit, each policy plays a unique role. Here’s what you need to know about decreasing term life insurance and whether it’s right for you. What Is Decreasing Term Life Insurance? When it comes to a decreasing term life insurance definition, most people toss it into the term policy pile. However,...
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Taking out life insurance generally has one purpose; to offer financial support to your loved ones should the worst happen. However, with so many different types of cover available, it is important that you are choosing the right policy to suit your needs. Two of the most well-known types of life insurance include level term and decreasing term, often leaving many customers not knowing which is the right one for them. While both policies are designed to pay out a cash sum and provide that much-needed support, they can differ hugely in the cover itself. With that in mind, we take a look at both types and help you to determine which one may be best suited to your circumstances. Choosing...
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As a result of the COVID-19 pandemic, the uncertainty and brevity of life has been called back into focus. Many people are considering life insurance or rethinking their current policy all together. The life insurance industry is one of several industries that’s facing a large surge in demand in the shadow of the novel coronavirus, suggesting that health care professionals and general consumers are currently thinking about their finances in case of death. Find the Best Life Insurance Enter your ZIP code below and be sure to click at least 2-3 companies to find the very best rate. For example, New York Life Insurance reports online searches for “life insurance and coronavirus” have risen...
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If you anticipate a need for liquidity upon your death, whether to cover the taxes due on your estate or to facilitate a smooth transfer of your business, a life insurance policy with a substantial death benefit could be a wise addition to your wealth and estate plan. Unfortunately, the premiums associated with such a plan can be significant. You may need to liquidate investments to cover the cost, potentially exposing yourself to gift or capital gains taxes and reducing your ability to take advantage of growth in your portfolio. There is, however, another way. By borrowing money to pay for the premiums, you may be able to maximize the benefit of the life insurance policy while minimizing...
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New India Assurance has issued personal accident policy cover worth Rs 50 lakh each for over 22 lakh public sector healthcare workers. The premium with respect to the policy is expected to be around Rs 128 crore. The government had earlier said that death due to COVID-19, while providing healthcare services, would be treated as an accident. The Ministry of Health and Family Welfare had issued an order on March 29, which entrusted New India Assurance with the issuing of health cover. New India issued the policy on March 31 in the form of a tailor-made personal accident cover, which will be valid for the next 90 days, The Times of India reported. Reports suggest this is the first time in the...
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