An exclusive life insurance scheme for our payroll clients Price Bailey is rolling out access to PB Life Plan, a life insurance scheme for all of our payroll clients with three or more members of staff, providing your employees’ families with financial security when they need it the most. We know how important it is for us to provide for our families for the future. The peace of mind that comes with knowing that loved ones will be provided for in the event of an untimely death is one of the simplest, but most highly-valued employee benefits that a company can offer its staff. What is PB Life Plan? With PB Life Plan, each employee will be covered for £100,000 as a lump sum benefit and...
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A short guide to relevant life plans What impact would there be for your business if a key employee were to die or become suddenly unable to work? Damian Youell takes a look at how relevant life plans can save your company cash. What is a relevant life plan? A relevant life plan is insurance for an employee in case of death in service. It’s a plan paid into by the employer, which is designed to pay a lump sum if the employee dies or is diagnosed with a terminal illness. “Very few people have heard of the plan, so the uptake of the policy is very small compared to the number of people who could benefit and save” Who should consider these policies? Directors wishing to...
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For each of our neighbors in Texas, the right life insurance will be unique and dependent on personal and financial needs. As your life changes, your life insurance coverage may need to change in order to adapt to your current needs. Some life transformations that may require a policy “tune-up” include: • You recently married or divorced • You have a new child or grandchild • You have opened or expanded a business • Your health or your spouse’s health has deteriorated • You are providing care or financial assistance to a parent • Your child or grandchild requires assistance or long-term care • You recently purchased a new home • You are planning for a child or grandchild’s education • You...
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Specialists in Protecting and Stretching your Retirement Money! Our goal at Life Planning Insurance is to help you protect and stretch your retirement money so that it can last throughout your lifetime. It is vitally important in today’s volatile market that you understand your choices for protecting your life savings from being depleted and that you do not run out of money during your retirement years! Most of us are aware of the importance of having health coverage, and at Life Planning Insurance we can certainly help you with choosing the right Medicare plan that best fits your needs (or Individual Insurance if you are not yet 65 years of age). But protecting your money goes...
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Life Insurance Overview Similar to other types of insurance, life insurance helps plan for your loved ones in the event of the incident – in this case, death. Life insurance is completely different in that it is based on “when”, and not “if” occurrence, thus making life insurance products more complex. This fundamental difference is what makes life insurance more like a financial product. Complexities aside, life insurance offers peace of mind regarding the financial future of those that depend on you, and can be a part of your overall legacy. Benefits can range from covering funeral costs to paying for higher education for your children and mortgages. Understanding your insurance coverage...
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What is Insurance Planning? Insurance planning is a type of risk management that aims to protect against potential loss. Adequate insurance from a trusted insurance company guards against risk and guarantees you financial protection in the case of unexpected loss or losses. The Two Types of Insurance: Gen eral: This type comprises any insurance that is non-life and is thus often referred to as non-life insurance. General insurance guarantees economic protection in specific areas that include (but are not limited to) home car, and travel. Li fe: This is a form of economic protection in the case of loss of life- or in some cases- terminal or critical illness. The listed beneficiary or...
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You can submit an application by clicking on ‘ Buy Now ’ or for manual application, please follow these steps: Complete the Proposal Form and Direct Purchase Insurance Factsheet and Print. Visit our Customer Service counters at Great Eastern Center (address below) and bring along both documents. Alternatively, to download more information, click on any of the links below: Terminal illness refers to a conclusive diagnosis of an illness that is expected to result in the death of the life assured within 12 months of the diagnosis. The Terminal Illness must be diagnosed by a registered medical practitioner and must be supported by evidence acceptable to the Company. Terminal illness in the...
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Forever Legacy Whole Life Plan Product Type: Life Insurance Insurer: BOC Group Life Assurance Company Limited BOC Group Life Assurance Company Limited (“BOC Life”) offers the “Forever Legacy Whole Life Plan” (“the Plan”), which is a visionary life insurance plan that allows you to enjoy life protection coverage until the Insured the age of 100, manage your future with ease. Note: Please refer to the product leaflet for the details of the Plan (including the coverage, key risks, major exclusions, etc.). The Plan is underwritten by BOC Life. Bank of China (Hong Kong) Limited ("BOCHK") is the major insurance agent bank appointed by BOC Life. BOC Life is authorised and regulated by the...
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Life Insurance Plans The Croatian Fraternal Union of America (CFU) – the “Society that Cares” – offers members and prospective members life insurance products from a modern and competitive insurance portfolio, complete with an impressive listing of benefits. What is life insurance, and why is it so important? At its essence, life insurance provides real peace of mind knowing that your loved ones will be cared for after you are gone. Here is some commonly used insurance terminology below: Permanent life insurance: Any form of life insurance except term; generally insurance that accrues cash value. Term life insurance: As its name denotes, term life insurance remains in effect for...
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LifePlans has been driving innovation in the Long-Term Care Insurance (LTCI) market since the development and introduction of the industry?s first long-term care guide in 1989. And that was just the beginning. We introduced the industry to the importance of including measures of Activities of Daily Living as a LTCI benefit eligibility trigger and in 1990, we introduced cognitive screening as a standard part of the underwriting process. In early 2005 we introduced a third generation cognitive screen? The Enhanced Mental Skills Test? which is the most sophisticated and scientifically validated screen available for identifying individuals at the earliest stages of cognitive decline. LifePlans...
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