The ultimate protection for your family Thinking about death is not something people like to face up to, but making sure your family could survive financially without you around will help ease your worries. Everyone would like to consider themselves to be immortal, but death will come to us all one day. Life insurance may sound frightening but it is there to protect those most important to you. With a life insurance policy in place your family will receive a lump sum should you die or in some cases a guaranteed monthly income. This means your loved ones would at least be able to pay the mortgage, bills and other living costs. Here we explain life insurance and the different types available...
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Although it can be a difficult subject to think about, investing in life insurance now is the best way to provide for your loved ones after your passing. Luckily, with the help of the team at Hanneken Insurance Agency, finding the right policy to fit your family’s needs and budget doesn’t have to be a process you go through on your own. Invest in Your Family’s Future As a first-time life insurance buyer in Little Falls, MN, it can be difficult to know where to start. Investing in a life insurance policy now can help your family continue to have the same quality of life that you have always provided after you are gone. Whether you choose term or whole life insurance...
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Question: I’m 38, my wife is 33. Our only debt currently is a $350/month car payment and $120/month student loan payment. We currently rent but are looking for a house and are thinking of starting a family. We are both employed full-time. Should we have life insurance? What type of policy should we have (30-yr. level term)? And the BIG question: how much? I’m concerned that insurance companies are incentivized to tell me I need more life insurance than I do. Could you recommend a reliable and unbiased source or tool for estimating how much life insurance you actually need? I also have life insurance through my employer (at no cost to me). Should I consider this when estimating how much life...
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What is Automatic Transfer Strategy? Automatic Transfer Strategy(ATS) helps eliminate the need to time your investment by giving you benefit of rupee cost averaging. If this option is chosen, you can invest all or some part of your investment in Income Fund or Money Market Fund and transfer a fixed amount in regular monthly instamlents into any one of the following funds: Maximiser V, Multi Cap Growth Fund or Value Enhancer Fund. There would be no additional charges for ATS. The following conditions apply to ATS. The minimum transfer amount under ATS is Rs. 2,000. This transfer will be done in equal instalments in not more than 12 monthly instalments. ATS would be executed by redeeming...
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Life Insurance Life insurance is an important gift you give your family. Individuals purchase life insurance because they love someone and want to be sure that loved one would be protected financially if the unexpected were to happen. Different life insurance options can assist in all aspects of a person’s life, from protecting your assets and providing for the people you care about, to planning for retirement, to leaving a lasting gift to an individual or charity. Ordinary Whole Life Insurance Ordinary Whole Life Insurance is the most common type of permanent insurance; it provides you with the certainty of a guaranteed amount of death benefit, and the premium is paid over your entire life...
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Life Insurance Foresight is 20/20: Let Erie Protect Your Family’s Tomorrow Family is our foundation. Protecting yours so they have a solid future begins now. The primary purpose of life insurance is to provide cash for your family in the event of your death to ensure they can remain in their home and continue to have an adequate standard of living is peace of mind for everyone. Us included. We don’t always get to choose what happens in life, but Erie let’s you choose your LIFE plan TERM LIFE INSURANCE Term Insurance: provides life insurance for the period of time that best suits your needs. You can select from a 10- 15- 20- or 30-year plan to protect you. Coverage can be...
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Sears retirees fight life insurance termination A group of retired Sears Holdings Corp. workers has asked for the creation of a committee to protect their interests, claiming the spouses of some retirees who recently died were deprived of life insurance payments earned from years of work at the iconic department store. Lawyers for the retired workers say the bankrupt retailer has wrongly terminated the life insurance policies for tens of thousands of former employees. In one instance, the life insurance policy of a Sears retiree who died May 6 won’t be paid because his death was 21 days after the Sears estate terminated his benefits, according to the Tuesday court filing. “Sears has...
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What is the Average Turnaround Time for a Life Insurance Policy to Payout the Claim Money 2019? One of the most common questions I receive regarding life insurance is “How long does it take for the life insurance company to payout the money if I passed away?” This is very important because you don’t want your family to be left in financial limbo waiting for proceeds from your policy. The initial period after an unexpected loss is stressful enough, you don’t need you family to be waiting around indefinitely for the life insurance money. The reality is that the bills still need to be paid after you’re gone. What is the average turnaround time for insurance companies to pay out the...
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KPERS Employee Life The Kansas Public Employees Retirement System (KPERS) automatically provides JCCC part-time regular and part-time exempt employees with Basic group term life insurance coverage in an amount equal to 150 percent of their annual KPERS gross salary. As a new part-time regular employee of JCCC, KPERS will additionally allow you to purchase, within 30-days of your hire date, Optional Group Life Insurance, in $5,000 increments, to a maximum of $300,000. Evidence of insurability is required on amounts in excess of $50,000. KPERS Spouse and Child Life Coverage KPERS additionally provides JCCC part-time regular and part-time exempt employees with the opportunity to purchase life...
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Life is good. You have a stable job, a home, and a growing family. You are managing your finances well and using credit properly. You only have one more thing to take care of – a life insurance policy so that your family is covered in the event of your death. Nobody enjoys thinking about their own death, but it's important to set up proper protection for those you leave behind. Your family will have enough issues to deal with, and financial hardship should not be among them. Most likely, you have never given life insurance a thought until now. We offer six tips to help you on your way to proper coverage. 1. Understand the Basic Policies – Insurance policies are classified as...
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