Three Life Insurance Strategies for Small Businesses You may already have insurance to help support your family financially if you should pass away. But could your small business benefit from additional life insurance that would protect your employees, business partners, and their families? Here are three life insurance strategies that could play a role in your business. Small businesses have a hard time competing for qualified workers, many of whom may expect group life insurance as part of a standard benefits package. One cost-effective way to recruit and retain top talent is to provide a group term policy that provides a death benefit for the employees’ beneficiaries. With group...
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Many people aren’t really in the market for a new car, a new home, or a swanky getaway to Greece right now. However, when the interest is strong enough, we often turn what we want into a reality. Even when the times do not seem like they’re on our side, we consider our options and we tend to make things we want happen. When deciding to make a purchase towards what we need, we should approach the decision with as much interest as when it comes to the things we want. Life insurance is a need indeed. The decision to purchase life insurance, regardless of how right the time may or may not seem to you, should be made with great interest and consideration. Here are 5 critical times to purchase...
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Life Insurance You have different needs throughout the stages of your life Almost 90% of Americans believe that life insurance is essential, but only 60% say that they own a policy. Additionally, 50% of American heads of households said they need more life insurance. These findings and others from LIMRA, indicate that many people are concerned about life insurance. It’s clear that people want to protect the lifestyle and future of their loved ones should they pass on prematurely, but many say they don’t know how much life insurance they should have or what kind to buy. There are different types of life insurance coverage you can purchase. Not everyone has the same needs and resources, and...
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There are a number of life insurance products out in the market, and you may be overwhelmed with the options available to you. More importantly, there may be a number of them that seem foreign to you. Just remember, while the intricacies of each life insurance product or policy may be different, the basic purpose of life insurance is all the same. Life insurance was designed to leave a lump sum of money behind when you die. Life insurance premiums are based on a number of factors and we'll clue you in on six of them: One of the critical elements in determining what life insurance product you choose—and even what products are available to you—is your age. The younger you are, generally the...
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Remember when Financial Services Council (FSC) members expressed their commitment to ensure that frontline healthcare workers are not prevented from obtaining life insurance coverage due to their coronavirus exposure? Now life insurers can make good on that pledge without a hitch, as the Australian Competition & Consumer Commission (ACCC) has granted interim authorisation. “This is a stressful time for everyone, but especially those working at the frontline of our response to the COVID-19 pandemic,” noted ACCC chair Rod Sims. “It’s sadly understandable that such workers may consider life insurance coverage at this time. “I strongly encourage everyone...
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FUKOKU MUTUAL LIFE INSURANCE Co Buys Vanguard High Dividend Yield Index Fund, McDonald's Corp, Albemarle Corp, Sells Alphabet Inc, PowerShares QQQ Trust Ser 1, iShares PHLX SOX Semiconductor Sector Index Fund Tokyo, M0, based Investment company FUKOKU MUTUAL LIFE INSURANCE Co ( Current Portfolio ) buys Vanguard High Dividend Yield Index Fund, McDonald's Corp, Albemarle Corp, Vanguard Russell 2000 Index Fund, iShares Core S&P 500 ETF, sells Alphabet Inc, PowerShares QQQ Trust Ser 1, iShares PHLX SOX Semiconductor Sector Index Fund, S&P Global Inc, Starbucks Corp during the 3-months ended 2019Q3, according to the most recent filings of the investment company, FUKOKU MUTUAL LIFE...
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Get Life Insurance Online Before the advent of the Internet, getting a life insurance policy would have meant getting in contact with a sales person of a particular life insurance company, schedule an appointment, gather information from him, collect the forms, fill them and return it to them. All this meant a lot of hassles and more importantly it took up a lot of your time. It was the same if you chose an agent over a sales person of a life insurance company. Life Insurance Companies are on the Internet Internet had already made its entry in the mid-nineties but the life insurance companies were not too sure about going online. But as the framework for Internet assurance became more...
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Insurance More Canadians have life insurance coverage than ever before, according to the most recent Canadian Life Insurance Ownership Study—Household Trends Report from LIMRA, a research organization focussing on the insurance, retirement and financial services industries. According to the report, which monitors long-term patterns in life insurance ownership, adequacy of coverage and consumers’ attitudes about life insurance, the number of Canadian households with life insurance has grown to 12.6 million – an increase of 3.4 million over the past six years. This is encouraging news considering insurance is not the most popular topic discussed among experts in the personal finance...
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More and more people are immersed in the digital world. According to data from the 2019 Digital Report by We Are Social and Hootsuite, in North America Internet penetration is 95% of the population; in Europe, approximately 90%; and in Latin America, 73%. This implies that we are getting used to greater process speed, agility and flexibility, since we have everything available immediately and within our reach. With the aim of conferring these characteristics to the world of insurance and saving on paperwork, the Swiss startup Vlot offers an online life insurance platform where the user can analyse their situation and purchase the appropriate service with a click, which also represents a...
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Today, an increasing number of women in India are living an empowered life. Besides taking on the responsibility of managing the household, many of them have stepped out to make a career and become financially independent to contribute to the family expenses. Gone are the days when the man of the house was the sole breadwinner. As a result, financial planning has also now become a responsibility of the self-empowered ‘woman of the house’ who can now contribute to secure the financial future of the family. Last week I attended a session addressed by Mr. Aalok Bhan, Chief Marketing Officer, Max life Insurance on the importance of life insurance plan to secure us and our loved ones against...
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