French Life Insurance The term "life insurance" in anglophone countries is known in French as "assurance décès" which literally translates to "death insurance." This is not to be confused with the French product "assurance vie" which literally translates to "life insurance." "Assurance décès" is most often paired with a French mortgage and has the objective of paying off the remaining mortgage in the event of the death of a borrower. For simplicity, we are referring to "assurance décès" when using the term French life insurance. "Assurance vie" is a savings plan invested in a portfolio of stocks, bonds or currency markets. French interest only...
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AmeriLife Group, LLC (“AmeriLife”), a national leader in developing, marketing, and distributing life and health insurance, annuities, and retirement planning solutions, today announced the launch of a ground-breaking, Medicare Supplement/final expense combination solution developed in partnership with The American Home Life Insurance Company (AHL) and designed to deliver two great products together to better address customers’ holistic needs. “We are extremely excited to partner with AmeriLife to offer highly competitive Medicare Supplement and Final Expense products intentionally designed to facilitate combination sales,” said Tom Lobell, executive vice president and chief marketing...
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You need to enable JavaScript to run this app. Take a deep breath — you’ve done it. You bought (or are planning to buy) your first home. It can be a long, grueling, and expensive process, but once it’s over? You’re a first-time homeowner. It’s a good feeling, right? Once you’ve finally finished with all of the effort of buying your first home, it’s equally important to protect your investment. You’ll surely have homeowners insurance all figured out, but what about life insurance? You might sleep a little easier knowing that if you were to pass away, the payout from a life insurance policy could help your loved ones continue to manage the mortgage. Why Do You Need Life Insurance as a...
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Do you need mortgage insurance? Or would life insurance offer you mortgage protection and more? Learn about the difference between mortgage insurance and life insurance. Find out which one you need to protect your home and your family. Your home is likely the biggest asset you’ll ever own. So how can you protect it in case something were to happen to you? To start, homeowners have a few options to choose from. You can either: ensure you have mortgage protection with a life insurance policy from an insurance company or get mortgage insurance from a bank or mortgage lender. Mortgage insurance vs. life insurance: How do they each work? The first thing to know is that life insurance can be...
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Choosing the right type of life insurance as a homeowner Many new homeowners who have life insurance policies through their jobs realize that these policies have limitations. If they leave their job, for example, they will lose their employee life insurance. And they also realize they will need additional life insurance to cover the mortgage amount so your family can keep the home you built together. When you purchase a home, it’s important to have personal life insurance through a trusted and financially strong provider, like New York Life. The life insurance you choose can be a combination of different features and products to provide mortgage protection. For example, to make sure that...
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Term Life Insurance Plans for Homeowners What are the benefits of life insurance? There’s nothing like the excitement of buying and owning your own home. Of course, home ownership also comes with extra financial responsibility. That makes it a good time to consider getting life insurance. More than just shelter Your home is more than just a shelter. It reflects the lifestyle you’ve earned for yourself and your loved ones. It’s a place to raise your family and it may be the largest purchase you’ll ever make. No doubt, you are looking forward to many happy years in your home; however, at this time you may also want to consider life insurance. In the event of your death, life insurance could...
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What types of cover might suit my new family? If you've decided life insurance is the right way to look out for your family financially, it can still seem a bit daunting working out which type of cover is right for you. Broadly speaking, there are two things you might want to initially consider: The money matters your family will need to keep on top of, if something happens to you or your partner which dramatically reduces your income. Whether you want cover to help provide for your family after you've passed away, or a policy designed for the shorter term – when injury stops you working. Once you've got a handle on what you might need to cover, see the products below to compare the...
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Mortgage protection insurance serves an important role in our marketplace. It protects the home buyer/mortgage holder from being burdened with a large mortgage debt – pays off the balance, or a specified maximum amount, directly to the lender – should you (or a joint mortgage holder) pass away. Typically, you buy mortgage protection insurance when you buy a house, arrange financing and sign mortgage commitment papers. It’s optional and ‘separate and apart’ from the mortgage contract. Monthly premium costs are usually added to monthly mortgage payments, and they stay the same throughout the life of the mortgage. Mortgage protection insurance can include one, two or all four of these options...
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Parent. Its official definition ought to be, “Caretaker of child. Synonyms: nanny, tutor, launderer, chauffer, coach, nurse, therapist, chef... ” And the list goes on. This definition especially applies to a stay-at-home parent (SAHP). While SAHPs may not pull down a six-figure income from a corner office, they provide a lot of valuable services for the family. Let’s talk about why stay-at-home parents need life insurance, how big that policy needs to be, and what families should do with the payout if the unimaginable happened. What a Stay-at-Home Parent Covers The whole point of life insurance is to replace your income so your family can function if something were to...
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We all know the Dutch like to be insured for every eventuality, but some sorts of insurance really are necessary. Take life insurance, for example. The key motive in many a murder mystery tv show, life insurance only pays out in the event of the death of the insured person within a certain time frame – often 30 years. The main purpose is to prevent a partner or children from getting into financial problems. There are multiple situations in which a life insurance (in Dutch: levensverzekering or overlijdensrisicoverzekering) could be a smart idea but here are the three most common: Most people who are going to buy a house also take out a mortgage, which involves a significant amount...
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