How to find a good life insurance broker If you’re shopping for life insurance, what difference can a broker make? You may think that in the days of price comparison sites, you can find the best policy for yourself in a couple of hours. But there can still be major advantages to using a human go-between who is an expert in life insurance – particularly if you have any special requirements that might make your life insurance more costly or harder to get. Here’s why it can often be better dealing with an unbiased expert rather than with a comparison website. What is a life insurance broker and what do they do? A life insurance broker is an adviser who specialises in life...
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Having a baby is great (not that I’d know much about it, us menfolk have to deal with the horrors of manflu, how unfair would the lord above have been to lumber us with pregnancy too). But those days after baby arrives, they suck – all that projectile puking, pooing and peeing, lack of sleep, making bottles, changing nappies, mouli-ing vegetables and worst of all minding his nibs if you had the sheer audacity/stupidity to have a few beverages the night before. Kill me now! say it’s the best time of their lives – they need help. They’re the same nutters that say your schooldays are the best time of your life – more lies, unless you enjoyed getting spots,...
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There's certainly been plenty of volatility and uncertainty the past few months, but one aspect of your financial picture has probably remained stable: your need for insurance. And since National Insurance Awareness Day is observed on June 28, now is a good time to review your overall insurance coverage to determine if you and your loved ones are well-protected. You might be surprised at the lack of protection among your fellow citizens. Less than 60 percent of Americans have life insurance, and just about half of those with insurance are underinsured, according to LIMRA, a research organization. Of course, you might think the reason so many people don't have insurance is because they don't...
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Your financial obligations don’t stop when you die. Many are passed on to your surviving spouse, children, or parents. Your unexpected death could leave loved ones responsible for funeral costs, debt, and taxes, and for living expenses your income currently covers. To ease the financial burden, many people buy life insurance, a type of insurance that pays out a benefit to your beneficiaries — such as a spouse or children — if you die. Life insurance comes in many forms, and what kind of policy you buy determines what kind of protection your beneficiaries receive. Not everyone can qualify for life insurance, so many policyholders instead purchase a policy called accidental death and...
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It's time to think about protecting our family as best we can OUR news screens have been filled with only one story lately – but are we in danger of forgetting the bigger picture, when it comes to our health? Even as we all go a bit lockdown loo-lah, we have to think of protecting our family from the financial fallout of other diseases which seem to have taken a back seat at the current time. Here are some new facts, hot off the presses at Macmillan Cancer Support and other experts, about the three main critical illnesses: cancer, stroke, and heart attack, and what it could cost if you get sick. Macmillan say there are 363,000 new cases of cancer in the UK every year. That's one new...
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Different Type of Life Insurance Policies Life insurance is an umbrella term that covers various types of life insurance plans under it. These are listed as follows: Term Insurance Term insurance is a popular type of life insurance that is bought for a fixed period of time that may range between 5 to 30 years. A term insurance policy is the cheapest policy in comparison to other life insurance policy, as it contains no cash value, and thus no maturity benefits are availed on the survival of the insured. It is ideal for people who just wish to arrange funds for their families in the unfortunate event of their death. Unit Linked Insurance Plan (ULIP) A unit-linked life insurance plan serves...
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3 Factors Everyone Buying Life Insurance for the First Time Should Consider © Rangely Garcia / Money Thing-to-know-life-insurance If you are one of the many Americans considering life insurance for the first time due to the coronavirus pandemic, be careful where you get your information. It’s easy to get tripped up by insurance jargon. Popular Searches But not to worry. As a 16-year veteran insurance agent, I’ll tell you what every first-time buyer needs to know. 1. Critical Factors That Affects Life Insurance Costs You’ve probably seen a TV commercial for life insurance that says, “Martin can protect his entire family with $500,000 of coverage. His cost? Only $17 per month!” If only...
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One of the best gifts you can give your mother is continued good health and peace of mind by buying health and term life insurance for her. If all these years you have been showering your mother with the typical gifts of flowers, clothes, jewellery or a lunch/dinner at her favourite restaurant each Mother’s Day, why not be different this time? Gift her something that will keep her protected forever and something for which she would otherwise never shell out money. One of the best gifts you can give her is continued good health and peace of mind by buying health and term life insurance for her. Protect Her Health with Health Insurance It is important to accept the universal fact that men and...
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How long should I get life insurance for? In general, the duration of your life insurance will be dictated by what you want it to cover. For most people, there are two main reasons you might want to take out a life insurance policy: To help protect a mortgage. To provide financial protection for those closest to you in the event of your death. Another factor to consider is age. In general, the younger you are when you take out a policy, the lower the premiums will be. If you have an immediate need for life insurance, delaying your application may mean that premiums are more expensive in the future. There are other restrictions on life insurance cover that could influence the minimum and...
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Opt for a paid personal accident cover built in with motor insurance for your drivers 2 min read . Updated: 06 Jan 2020, 06:20 AM IST Abhishek Bondia Family floater plans allow coverage even for adopted children and your daughter would be covered under the plan till 23 or 25 years of age You can alternatively opt for a standalone group personal accident cover, group health and life insurance plan Yes, the insurance premium for commercially used cars is different from those that are used for private or personal purposes. Premium depends on the type of policy that you buy. If you buy a third-party policy, premiums would be those which are fixed by the Insurance Regulatory and Development...
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