This is the fourth installment in our Life Insurance for Moms series. If you haven’t read the first few, please click the link below to view it: If you are a family searching for family plan life insurance, it may seem like a pretty convenient way to purchase your life insurance. Unfortunately, it’s not all rainbows when you start comparing premiums. Some companies even offer you a “discount” to bundle your life insurance with other forms of insurance. Family plan life insurance is indeed convenient, but you’ll likely pay extra for the convenience factor. Avoid bundle programs and you’ll pay significantly less for your coverage. Whichever you choose, here...
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Many of us already have life insurance through our job. But did you know that most life insurance offered through the workplace is term insurance? Term insurance through your employer may only protect you only for a specified period of time, and the coverage usually ends if you switch jobs. Always check with your employer to understand the full benefits they provide. With term insurance, the only benefit it provides is a death benefit. Whole Life Insurance through The Family Security Plan will help your family maintain their standard of living if they were to suddenly lose an income. It can also give your loved ones peace of mind when they need it most. One of the best parts of Whole Life...
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Different Types of Life Insurance Policy Life insurance is normally taken out by people in order to allow them to take ease in the knowledge that their dependents will be financially supported in the case of the policy holder's death. There are a huge variety of life insurance policies that one can take out and it can often be overwhelming when trying to choose between them. Everybody's needs are different so it is important to gain an understanding of the various policies before decide upon one for yourself. Some of the features that will vary depending on what form of cover you choose include the length of the policy, the sum paid out and the manner in which the payment is made - as a...
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Why Choose Term Plans offered by IndiaFirst? Choose a payment option that suits your cash-flow with premium payment options to match. Utmost importance is given to your time and convenience. you get complete peace of mind of having financially secured your family and that they will have the same standard of living as they would have with you around. Protection to match your needs Every family is unique and so are their financial needs! Our plans are tailor-made to suit yours. You get to enjoy tax benefits on the premium you invest as well as the maturity of those, under Section 80C and Section 10(10D) as per prevailing income tax laws. Some factors to consider Consider your life-stage...
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HDFC Life Sampoorn Samridhi Plus Keep your and your loved ones' happiness well protected with the confidence of HDFC Life Sampoorn Samridhi Plus. What is Whole Life Insurance? A Whole Life Insurance is a life insurance contract between the insurance provider and the policyholder, wherein the insurance payout is made to the contract’s beneficiaries upon the inevitable death of the policyholder provided required premiums are paid, or to the policy matures. It is also known as “straight life insurance” or “ordinary life insurance”. HDFC Life ProGrowth Plus HDFC Life ProGrowth Plus, a simple savings-cum-insurance plan that will enable you to enjoy life cover and benefit from comfort of creating...
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I want to protect the financial future of my loved ones Protecting the ones who rely on you most of all Life is full of responsibilities, both emotional and financial. For many of us, that includes family, a mortgage, car loans, children's education funds, business loans, and much more. Life insurance can be a way to safeguard your family's lifestyle and financial future. It helps to ensure that financial responsibilities will not become a burden to those you love most, should the unthinkable happen. Term life insurance is the simple, affordable solution. It offers a wide range of benefit amounts with premiums guaranteed for a set term or time frame. And because the premiums will not change...
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This is how Life Insurance can protect your family We can’t predict the future. However we can help our loved ones by planning for it with life insurance. In just a few minutes we can help explain what you need to know to get started. So what is life insurance cover? Life insurance is a plan that pays out a lump sum to your family after you die. Most life insurance plans are for a fixed period of time and will only pay out if you die during that time period. Whole of life cover is more expensive but will pay out a lump sum whenever you die. Why should I get life insurance cover? Life insurance will help protect your family financially after you die, in a number of ways: 1. Pay funeral costs...
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Additional Protection for Key Executives Executives typically have higher incomes and often need larger death benefit protection than what is offered by typical employer-sponsored group benefit programs. By offering your key employees additional life insurance benefits, you can make available an increased level of protection that better suits their needs. In doing so, your organization can set itself apart when it comes to recruiting and retaining top talent. Access to Cash Value A business owner who owns a whole life insurance policy can borrow against the accumulated cash value for a variety of purposes, including to help the business weather uncertain economic times, pay overhead...
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What is 'Family Income Rider' A family income rider is an addition to a life insurance policy that provides the beneficiary with an amount of money equal to the policyholder's monthly income if the policyholder dies. A family income rider is a type of death benefit, and it specifies the term for the additional coverage. It eventually expires if not activated. BREAKING DOWN 'Family Income Rider' In some cases, the beneficiary of a family income rider may choose a lump sum rather than receiving monthly payments. Younger wage-earners will typically choose a longer length of time for coverage because they have more working years left before retirement, and would therefore cause a larger...
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Here's why your child probably doesn't need life insurance Recently, we came across an ad for the Gerber Grow-Up Plan, "a whole life insurance policy that helps protect your child while saving for the future." And frankly, it got us wondering: Do children really need life insurance? As with most financial questions, the answer isn't an absolute "yes" or "no." It's "probably not." Life insurance is only needed by people who have others dependent on their income, like parents of minors, explains Alan Moore, founder and certified financial planner at Serenity Financial Consulting. "Life insurance can also be used to pay off debts or be part of estate planning for ultra-high net worth...
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