You need to enable JavaScript to run this app. These days, you can purchase pretty much anything online. If you want dinner, running shoes, prescription glasses, a new car, or even a pet goat, it can easily be ordered from the comfort of your own home. You can even buy term life insurance online. While buying term life insurance online is slightly more involved than clicking add to cart, the process is a lot easier than you might think. Back in the day of VHS tapes and floppy discs, if you wanted to apply for term life insurance, you would have to go through a lengthy application process and wait for weeks to find out if you were approved. Is Term Life Insurance Safe to Buy Online? If...
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Life moves fast and when things don’t go as planned (as they often don’t), insurance can be your saving grace. Hitting incredible milestones like getting married, starting a family, or buying your dream home are all great signs of living your best life – and insurance can help protect the things you work so hard for. There are many benefits of life insurance, including making it a key part of your financial planning, and the main perk is having a safety net for your family and loved ones in the event of your unexpected death. When things are good (like they are now), it’s time to think about life insurance and the future, and it doesn’t have to be intimidating. It can be just as easy as...
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There's more to term insurance than low premiums However, lower premiums should not be the primary consideration when purchasing a term insurance policy. “Calculating one’s life insurance needs should begin with determining one’s life goals, with the purpose of protecting one’s dependents from financial stress in the event of one’s death, and then purchasing a plan that will provide that protection," said Sajja Praveen Chowdary, head - term life insurance, Policybazaar.com. Echoing him, Parag Raja, managing director and chief executive officer, Bharti AXA Life Insurance, said individuals should evaluate their need for insurance and opt for a term plan that helps them meet their financial...
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Life insurance companies have detailed processes laid out so that when the time comes, the benefits are paid in a timely and smooth manner. However, what happens when a benefit is not claimed by the policyholder when it is due or the insurance company is not able to trace the policy holder for some reason, like they have not been informed about the death of the life insured? These are unclaimed benefits and they can be in the form of unclaimed maturity benefit, survival benefit, death claim proceeds, excess premium that has not been refunded or refund of amount that has not been deposited in the policy. Hence, any amount that has not been claimed for more than six months from the due date...
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With over 30 years in the life insurance industry, Ray Caucci, Chairman and CEO of Vantis Life Insurance Company has witnessed the evolution of how consumers purchase life insurance policies and the role technology has played. Specifically, he had a front row seat to the integration of digital and how the process of obtaining life insurance is able to reach more customers than ever before. ValuePenguin had a chance to speak with Caucci, where we discussed Vantis Life’s latest technological developments and their plan for continued development in the future. How does Vantis Life’s philosophy differ from the other life insurance options consumers have to choose from? Through our cutting-edge...
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Below mentioned are the most Frequently Asked Questions on Term Insurance. 1) How much Sum Assured / cover should I take in a term plan? The amount of Life Insurance coverage you need will depend on many factors such as: How many dependants you have What kind of lifestyle you want to provide for your family How much you need for your children’s education You should choose a policy term till your retirement age or may be till a few years after retirement. Term insurance is taken to cover the risk of loss of income. So ideally take term insurance for a period in which you will be earning money. Beyond that period, the premiums paid by you will become a burden for you. 3) Why there is so...
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The following was produced in partnership with our friends at Haven Life , the first streamlined solution for buying affordable, high-quality life insurance entirely online. Death is uncomfortable to think about. So is a diaper exploding upwards out the neck hole of your kid’s pajamas. Unfortunately, when you become a father, those things are always top of mind. And between feeding, bathing, clothing, sheltering, and generally keeping your little stinker alive, there isn’t much time to make sure they’re provided for if you suddenly, well, aren’t. There is, however, a streamlined solution for buying affordable, high-quality life insurance entirely online. It’s called Haven Life, and it was...
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