Are you neglecting your life insurance requirements and putting your family at risk? Written by Jamie Bubb-Sacklyn on November 19, 2018. It’s always interesting to pick up on common themes that come up in my client review meetings. One thing that I have noticed a lot recently is that while most people keep a close eye on the wealth creation side of things, and regularly review how their assets are performing, wealth protection is often neglected. Protecting your wealth should be a fundamental part of your financial plan which is why I always take the time to discuss this with clients. This is fortunate as I often find that they have no, or insufficient, protection in place. This puts their...
Continue reading...
HORSHAM, Pa.--( BUSINESS WIRE )--The Penn Mutual Life Insurance Company (Penn Mutual), a Fortune 1000 company, recently received a 2020 North America Disability Matters Marketplace Award recognizing efforts for outreach and engagement with consumers with disabilities and those who have children and other dependents with special needs. Meg Muldoon, assistant vice president, advanced markets, accepted the award on behalf of the company. Penn Mutual was honored for developing Advocating for a Bright Future - a company-wide initiative to train and equip Penn Mutual field leaders and financial professionals on how to incorporate the benefits of life insurance as part of a comprehensive special...
Continue reading...
Life insurance that gives you more than peace of mind – it turns you into a philanthropist too Sometimes things go wrong. And when that happens, you want insurance that keeps you and your family financially secure. Whether it’s life insurance, salary protection, critical illness cover or disability cover, a policy with Different will provide the security you need, no matter what your life stage. Interested? Call us on 010 020 1921 for more information. Life Cover In the event of your death, the cover amount will be paid to your nominated beneficiaries following a successful claims assessment. Salary Protection Salary Protection will pay you the cover amount each month while you...
Continue reading...
Latest South African Customer Satisfaction Index for Life Insurance shows who has the most satisfied customers The sentiments and views expressed by customers in the latest South African Customer Satisfaction Index (SA-csi) for Life Insurance (2019) conducted by Consulta will ultimately feed into how customers respond in a post-Covid economy. Every household expense will be scrutinised, and customer satisfaction and perceived value for money will be the dealbreakers as to who maintains market share, and who loses it in the months ahead. Loyalty will be challenged as customers look to value and price above all other measures. The benchmark measurement for Life Insurance (2019) provides...
Continue reading...
Three types of life insurance can protect your family’s income and way of life if something happens to you. The coronavirus pandemic has a lot of Consumers members paying closer attention their family’s financial wellbeing. You might be wondering what happens to your family if the virus took your life. Or your spouse’s. If your family’s income would be adversely affected, you may want to consider life insurance. Broadly speaking, life insurance works like other insurances. You pay premiums to a company that promises to pay out a certain amount if an adverse event happens. With life insurance, the benefits are paid to the people you name (called beneficiaries) in the policy if you die. When...
Continue reading...
Can I Buy Life Insurance for an Extended Family Member? Life insurance is a necessity for virtually everyone. We purchase life insurance to protect the ones we love if we were no longer there – to help pay for final and funeral expenses, to help serve as income replacement and mortgage protection, or to help pay for other costs that result because of a death. Naturally, spouses purchase life insurance because if one were to die, the other would be impacted financially. Parents often buy life insurance on their children to pay for their final and funeral expenses. But you may be wondering if you could buy life insurance on someone who is not a spouse or a child – someone in your extended...
Continue reading...
Let’s face it: Thinking about the death of your child is almost more than you can bear. But you’ve seen those sweet baby-faced commercials urging you to buy life insurance for your child, and you wonder whether it’s a good idea. After all, you’d do anything for your kids. So, what’s the right thing to do? Here’s the honest truth: Getting life insurance for your kids is not the best option for your family. We’ll explain all the choices without any emotional hype so you can make an informed decision. Why People Buy Life Insurance for Kids If buying life insurance for kids is such a bad idea, why do so many people do it? For one, advertisers do a great...
Continue reading...
Experts say increasing penetration and awareness of life insurance products is the need of the hour The insurance sector has been at the forefront of economic development in India. As per the Insurance Regulatory and Development Authority of India (IRDAI) data, the life insurance sector has touched a CAGR of 16.4% and the total life insurance premium has gone up to Rs 4.6 lakh crore for FY17-18. Despite a steady growth of the life insurance sector in India, a majority of the Indian population do not have life insurance or are underinsured, which is a serious concern, as it puts their family into financial risks. As per IRDAI, the life insurance penetration in India stands at 2.7% in 2017,...
Continue reading...
Comments Off on The New Parents’ Guide to Life Insurance When you hold your new baby in your arms, it’s hard to imagine he or she will someday be an adult. But time flies. Before you know it, your baby will be graduating from kindergarten, applying to colleges and, ultimately, building an independent life away from home. When your children are young, you’ll want to make sure they are safe and set up for success later in life. One important way to do that is to make sure you have a basic life insurance policy in place. Here are a few things to think about when considering life insurance coverage for your growing family: The cost of raising a child According to the U.S. Department of...
Continue reading...
Coping with the loss of a loved one may be one of the hardest challenges we face – so hard, in fact, that many families avoid talking about a potential loss. Unfortunately, that avoidance may very well create additional pain and challenges in the future. Cigna's 2019 Group Life Study , a national sample of 500 adults, ages 25-65, found that people who had lost a loved one were negatively affected across five dimensions that affects personal health and well-being: social, emotional, physical, financial and environmental. While emotional and physical impacts were to be expected, the survey showed that grieving families also often struggled with financial strain, unanticipated debt and...
Continue reading...
