N.S. Supreme Court ruling gives 100 per cent of life insurance to man who killed his wife HALIFAX -- A Nova Scotia man found not criminally responsible for killing his wife will receive 100 per cent of her life insurance policy. Richard Maidment -- also known as Richard MacNeil -- killed Sarabeth Forbes in their home in Gardiner Mines, N.S. on April 18, 2017. The couple had been in a common-law relationship for 10 years and had a son together. Maidment was diagnosed with schizophrenia in 2012, which made him unable to continue to work for Nova Scotia Power as a welder, and he began collecting long-term disability benefits. In December 2017, a judge found him not criminally responsible in...
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Life Insurance in Mountain View, CA webadmin 2020-02-20T18:07:43+00:00 Insurance policies are as unique as their policyholders. Here is a non-exhaustive list of some features you can customize in your insurance policy with the help of a qualified insurance agent: – Accelerated death benefits – Investment of cash value – The number of beneficiaries Personalization has become a necessity in the modern insurance world. According to research, 88 percent of insurance consumers want more flexibility over the features in their plan. Tailoring your coverage to your specific needs and budget will ensure you walk away with the perfect policy. Term life insurance pays a guaranteed...
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Value Research Stock Advisor has just released a new stock recommendation. You can click here to learn more about this premium service, and get immediate access to the live recommendations, plus new ones as soon as they are issued. I've been closely observing savers and investors for almost three decades now, and even though the typical Indian saver is now much more savvy than earlier, choosing insurance still tends to be a blindspot. Most of them usually end up buying whatever insurance policy is peddled to them by an agent in their bid to save tax under section 80C before the 31st March deadline. Section 80C allows a deduction of up to Rs 1.5 lakh from our annual income for taxation...
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The Life insurance DWP is expected to grow by 2.9% over the forecast period (2018-2023). Retail lines accounted for 93.1% of the segment's DWP in 2018, and are expected to grow at a CAGR of 2.8% over the forecast period. Term life was the leading retail line, followed by endowment. The commercial life segment is expected to grow at a CAGR of 3.8% over the forecast period. The top five insurers accounted for 46.0% of the market share in 2018, while the top ten insurers accounted for 64.3% BNP Paribas Cardif Vita and Credit Agricole Vita, with respective market shares of 4.1% and 3.5%, were the only foreign insurers among the top 10 that year Conglomerates such as Allianz, Generali and...
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You are here THE end of the year is an opportune time to re-examine your personal finances, particularly if your circumstances have changed. Here is a checklist of items to ensure your finances stay in good shape. Protection is a building block of wealth, and helps to hedge against circumstances beyond your control. A review is warranted if there are life changes - a new baby, for example. If your children are financially independent, and you have fewer liabilities, you may not need as much life insurance as when you were younger. The good news is that pure protection plans - with a death benefit but no savings component - are relatively affordable. You could also enjoy greater savings if...
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Term insurance is the cheapest form of life insurance as it pays the insurance money only to the nominee in case of unfortunate demise of the life assured and nothing is payable if the life assured survives the policy term. The primary aim of taking life insurance is to cover the risk of early death of the earning member of a family, so that the financially dependent members of the family may maintain the standard of living even after unfortunate early demise of the bread winner. So, the sum assured (SA) should be enough to replace the loss of future earnings after early death of the life insured. Term insurance is the cheapest form of life insurance as it pays the insurance money only to...
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What is Term Life Insurance? Term life insurance is the most affordable and flexible life insurance plan you can find. Your life insurance coverage can last from 1 year up to 30 years. If you need financial protection for your family, term life insurance is usually the best and least expensive choice available. Term life insurance is a form of life insurance that provides protection for a specific number of years. If the insured person dies during that period of time the Beneficiary receives the death benefit. The Beneficiary is the person the insured chooses to receive the death benefit of the life insurance policy. The Death Benefit is the amount of coverage provided by the life...
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Over their careers, physicians generally purchase large amounts of term life insurance. Term life insurance, for the most part, is a commodity, so the pricing is very competitive and comparison shopping is easy. So, why is it that so many physicians have the wrong type of term life insurance and/or are paying significantly higher premiums than they should be for their policies? This article will serve as a guide to help you purchase the right type of term life insurance at the lowest cost to meet your individual needs and goals. Term life insurance provides pure insurance protection and does not build cash value. It allows you to purchase the largest death benefit while minimizing your (...
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Think about insurance before you really need it | Gary Parsons It’s that time of year again and I know you’re all excited. No, it’s not football season or fall. It’s Life Insurance Month! According to a study by Life Happens and LIMRA, 1 in 3 households would have immediate trouble paying living expenses if the primary wage earner died. That same study also found that 40% haven’t bought life insurance or adjusted the limits because they don’t know which type to buy or the appropriate limits. There are of course those among us with significant nest eggs or inheritance, but that is the exception not the rule. Make no mistake about it, however, the odds are if you are reading this article you...
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Formerly known as permanent health insurance, income protection is an insurance policy that pays out if you're unable to work because of injury or illness. Income protection usually pays out until retirement, death or your return to work, although short-term income protection policies, which last for one or two years, are also available at a lower cost. Neither income protection or short-term income protection pays out if you're made redundant - but they will often provide 'back to work' help if you're off sick. Income protection is different from critical illness insurance, which pays out a lump sum if you fall seriously ill. Is income protection the same as PPI? Where PPI covers a...
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