Millennial influence over the globe is rapidly growing. These new-age employees have recently entered the workforce and earned their first paycheck sometime in the last decade. However, in the middle of high spirits and bucket lists, young breadwinners often tend to ignore planning ahead. Preparing for the future is critical to every adult, and life insurance policies are a great way to begin. Life insurance plans are an excellent way to secure oneself and one’s family from unforeseeable events that may befall without warning. Today, insurers offer a range of options, from a term life insurance plan that can help cover instances of premature demise to a ULIP plan that helps individuals grow...
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Investment insurance Save easily and effectively with Investment insurance Mandatum Life’s Investment insurance combines savings with life insurance cover. It is the right choice for you if you wish to save in a tax-smart way and use the advantages of time diversified investing. The Investment Insurance is also flexible if your goals change along the way. We can offer you a way to save and invest as suits your situation and your goals. In selecting the best option for you, the period of investment, your targeted returns, your desired risk level and how actively you would like to manage your investments all come into play. Changing your chosen investment plan is easy and convenient....
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Everyone seems to be after a chunk of our money these days, including life insurance companies. For this reason, it’s natural to wonder: Is life insurance a good investment? Everyone says you need it, but is it really worth it? Before signing on the dotted line with a life insurance company, those are good questions to ask. We’ll break down our answers to those questions into two distinct but related responses that, when taken as a whole, will help make the best life insurance policy buying decision possible. Let’s begin with whether or not life insurance is a good investment. Is Life Insurance a Good Investment? It Depends on Your Policy You’re wondering whether or not a life insurance...
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SAN FRANCISCO, Jan. 18, 2022 /PRNewswire/ -- Amplify Life Insurance , a digital life insurance platform focused on helping customers build wealth through permanent life insurance, announced today it has raised $12M in Series A funding co-led by Greycroft and Crosslink Capital. Other investors who participated include Conversion Capital, Anthemis, and Transverse Asset Management. Amplify is the first digital platform that offers customers the ability to invest in public equities or alternative investments with their life insurance premiums, accessing tax-free returns throughout their lifetime. Amplify customers get a customized plan based on their financial goals, risk tolerance, and...
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“Many banks have more invested in life insurance policies than they do in bank premises, fixed assets and all other real estate assets combined.” -Denver Nowicz, Equity4Profit Financial institutions don’t follow their advice to YOU! Denver Nowicz was profoundly affected by watching how his family fared from following the traditional advice of financial planning. In spite of savings, investments, and pensions, Denver’s parents and grandmother had to rely on him and even move in with him when their own efforts at financial independence had failed. Nowicz’s father owned a business, but could never quite keep up with taxes and inflation. When his health took turns for the worst, his...
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max-life-traditional-plans:traditional plan Max Life Traditional / Investment Plans Max Life Insurance Company offers various types of Traditional / Investment Plans to its customers with attractive features and benefits. Here is the detailed list of plans along with their respective features and benefits. Max Life Monthly Advantage Plan- It is a comprehensive savings & protection plan that provides guaranteed monthly income for 10 years to meet your recurring expenses and lump-sum benefit, which comprises of non-guaranteed bonuses, at maturity to cater to your long-term financial goals. Few of its features are as follows: Guaranteed Monthly Income – Guaranteed monthly income for 10...
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Investment-Linked vs Traditional Life Insurance: Which One Is Right for You? An investment-linked plan (ILP) is a 2-in-1 life insurance policy that combines protection and investment. The premiums that you pay provide you not only with life insurance cover but part of the premiums will also be invested in specific investment funds of your choice that suit your risk appetite. This helps your account value to grow and ride out market volatility with partial & top up features. Hence, ILPs have become popular over the years, and is now a mainstay in the product portfolio of many insurance providers. Meanwhile, traditional life insurance plan is offered at a premium that remains the same for...
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With how quick-paced life is these days, it only takes a few blinks of an eye – and you’re racing over the midlife trampoline, with a dependant or two in the backseat, and many more responsibilities than you envisioned in your 20s. Even if you’re still only in your early 30s, it’s very likely that you’ve already amassed a collection of untradeable assets like a spouse, a couple of children, a mortgage. The list goes on and on. Having a family, especially, can not only provide you with a purpose, but also a sense of existential dread. The latter feeling will make you do anything in your power to protect your family. This is where life insurance comes into play. It is a capable option...
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In today’s day and age Insurance and Investment have become an integral part of one’s life. While it’s smart move and put a portion of what you’re earning today towards saving for your and your family’s future, many make the mistake of thinking Insurance and Investment means the same thing. In reality needs and capacity of each person and family is different and what might satisfy one person, might not satisfy other person or his/her family. One needs to align their immediate and long-term goals and then find and plan that suits their requirement and capacity the best. What is Insurance? Insurance is a service that one purchases with the intention of guarding a person or family against...
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Insurance Basics Why life insurance? Life insurance is the foundation of financial security for you and your family. Life insurance helps to ensure that your family and loved ones are protected against financial difficulties in the event of a premature death. Combined with investments and retirement and estate planning, life insurance is a fundamental part of a sound financial plan. The concept of life insurance is simple: You pay regular premiums over the term of the policy and if you die before the term ends, the insurance company pays a specified amount of money — called the death benefit — to your beneficiaries. There are two primary types of life insurance: term and cash...
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