Can I Buy a Life Insurance Policy if I Receive SSI Benefits? If you receive Supplemental Security Income benefits, you might be wondering – can I buy a life insurance policy? , because the Social Security Administration doesn’t have the right to interfere with your ability to purchase life insurance. Supplemental Security Income (SSI) is a program offered by the federal government through the Social Security Administration (SSA). In 2018, 67.9 million people received benefits from programs administered by them. To qualify for these benefits, you must fall within at least one of three categories – you’re disabled, blind, or aged (65 years or older). How Will Your SSI Benefits be Affected?...
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Part I – Life Insurance Clauses ‘A bird in the hand is worth two in the bush’ -- English proverb It’s a famous proverb within our profession that continues to haunt both counsel and clients. It's a concept that essentially means that things you already possess are more valuable and useful to you than that which could be potentially sought or hoped for. This is rarely the kind of thing clients want to have to consider with their counsel in the midst of a bitter matrimonial dispute. After all, what's the point of going to court at all if there's a possibility they might not collect what is properly owed to me? This three-part series will outline the most practical options to ensure our...
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Aviva Life Insurance launches i-Shield, Tata AIA offers term plan Aviva Life launches online term policy Aviva Life Insurance has launched Aviva i-Shield, an online term plan. The policy provides life cover with a provision of return of 110% of paid premium in case the insured survives the policy period. The company currently offers a term plan Aviva i-Life and a health plan Aviva Health Plus as part of its online portfolio. One can opt for the policy beginning from 18 to 55 years. The policy term is for 10 to 25 years and the premium payment term is equal to the policy term. One can opt for yearly, half yearly and monthly premium payment schedule. The sum assured is between R15 lakh to R5...
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Prudential Indonesia office (Courtesy of/asuransiprudential.web.id) Life insurance company PT Prudential Life Assurance (Prudential Indonesia) aims to increase the number of its agents who qualify for membership of a global association of life insurance and financial services professionals, amid the persistently low insurance penetration rate in the country. The number of Prudential Indonesia’s agents registered as members of the trade association Million Dollar Round Table (MDRT) has grown over the years. Within four years, it more than tripled from 302 agents in 2017 — when the MDRT was first introduced in the company — to 1,000 agents in 2020. MDRT membership is...
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Axis Bank latest FD rates. Axis Bank to raise its stake in Max Life Insurance to 30% 5 min read . Updated: 28 Apr 2020, 10:16 PM IST Ridhima Saxena, Anirudh Laskar The lender to raise its stake in Max Life Insurance from about 1.5% to 30% through an all-cash deal worth around ₹ 1,600 crore The latest deal, once consummated, will value Max Life Insurance at around ₹ 5,667 crore Two persons directly aware of the deal confirmed about the size of the deal. The latest deal, once consummated, will value Max Life Insurance at around ₹ 5,667 crore. At this valuation, the stake sale by Max Life will be at a steep discount of about 60% to its present market value. This is because the current...
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Implementation of UAE Life Insurance Regulations Delayed The Insurance Authority issued the Board of Directors’ Decision No. (49) of 2019 Concerning Instruc... The UAE Life Insurance Regulations delayed by 6 months The Insurance Authority issued the Board of Directors’ Decision No. (49) of 2019 Concerning Instructions for Life Insurance and Family Takaful Insurance (“Life Regulations”) in October 2019 with an implementation date 6 months from the date of gazette of the Life Regulations, which were due to come into force effective 16 April 2020. The Insurance Authority Board of Directors’ Resolution No (15) of 2020 dated 30 March 2020, On the Amendment to...
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Let's be honest: Life insurance is a topic that most people would rather put off for another day (or even another year). In fact, if life insurance had a spirit animal, it would probably be the elephant in the room. At its core, life insurance is really there to help protect the people and causes that you care about most in the event of your passing. For that reason, it's best to think about obtaining it before you actually need it. Plan for a Rainy Day Ask yourself this important question: If you passed away tomorrow, would your loved ones be financially protected? Most Americans would likely answer "no." In fact, 57 percent of Americans surveyed would struggle to cover an unexpected $500...
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The first guidance designed for the global insurance industry to integrate sustainability into industrial and commercial business has launched for public consultation. The guide “ Underwriting environmental, social and governance risks in non-life insurance business ” will help non-life insurers manage environmental, social and governance risks in insurance underwriting—the core process of evaluating, defining and pricing insurance risks. Environmental, social and governance (ESG) issues—also known as sustainability issues— pose a shared risk to insurers, communities, businesses, cities, governments and society at large, providing a strong incentive for innovation and collaboration. As risk...
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Why Purchase Life Insurance? We’ve all heard about the importance of having life insurance, but is it really necessary? Usually, the answer is “yes,” but it depends on your specific situation. If you have a family who relies on your income, then it is imperative to have life insurance protection. If you’re single and have no major assets to protect, then you may not need coverage. In the event of your untimely death, your beneficiaries can use funds from a life insurance policy for funeral and burial expenses, probate, estate taxes, day care, and any number of everyday expenses. Funds can be used to pay for your children’s education and take care of debts or a...
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Why Term Insurance? Aviva i-Life Total More than just a Term Plan A non linked...
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