Maybe you think that millennials and life insurance aren’t a fit because people your age are too young to need it. With the likelihood of many decades of life ahead of you, why invest in something that only pays off if you’re gone? But there are a few problems with that logic. First, Millennials aren’t all that young anymore. The oldest Millennials are pushing forty and the youngest are approaching their mid-twenties. Second, the cliché idea that people of your generation don’t have serious relationships, jobs, and responsibilities never was true in the first place. And it’s definitely not true at this point. Those relationships and responsibilities are exactly the reason people buy life...
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Wedding, joint assets and kids, if these are on the horizon for you and your partner, it might be time to look into life insurance. Settling down, whether you know exactly what that looks like or are happy to let things take their course, if you and your partner are building your future together you may want to consider life insurance as part of that plan. Life insurance isn’t just for married couples with kids It is accepted that most couples will take on some debt to get married, with the average cost of a wedding in 2018 sitting at a whopping €25,000, including the honeymoon. Then there are personal loans, credit cards and car finance, it all adds up! This debt is taken on for long term...
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Insurance Needs Assessment: When You're Newly Married Marriage changes everything, including insurance needs. Newly married couples should consider a comprehensive review of their current individual insurance coverage to determine if any changes are in order, as well as consider new insurance coverage appropriate to their new life stage. The good news is that married drivers may be eligible for lower rates than single drivers. Since most couples come into their marriage with two separate auto policies, you should review your existing policies and contact your respective insurance companies to obtain competitive quotes on a new combined policy. Newly married couples may start out as...
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Insurance Needs Assessment: When You're Newly Married Marriage changes everything, including insurance needs. Newly married couples should consider a comprehensive review of their current individual insurance coverage to determine if any changes are in order, as well as consider new insurance coverage appropriate to their new life stage. The good news is that married drivers may be eligible for lower rates than single drivers. Since most couples come into their marriage with two separate auto policies, you should review your existing policies and contact your respective insurance companies to obtain competitive quotes on a new combined policy. Newly married couples may start out as renters...
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Insurance Needs Assessment: When You're Newly Married Marriage changes everything, including insurance needs. Newly married couples should consider a comprehensive review of their current individual insurance coverage to determine if any changes are in order, as well as consider new insurance coverage appropriate to their new life stage. The good news is that married drivers may be eligible for lower rates than single drivers. Since most couples come into their marriage with two separate auto policies, you should review your existing policies and contact your respective insurance companies to obtain competitive quotes on a new combined policy. Newly married couples may start out as...
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Guaranteed income plans cater to risk-averse investors, by offering life insurance along with maturity benefits and regular guaranteed payouts. These types of plans offer regular income at a pre-defined percentage of sum assured selected by the policyholder at the time of buying the policy. The current pandemic has led to higher awareness as well as averseness towards risk. Along with that, for many people it has become quite difficult to maintain financial stability, nowadays. With rising health and life risks along with a volatile economy, individuals want to secure their life and money, both. In times as such life insurance serves the purpose of safeguarding one’s financial needs...
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In South Africa, there is one insurance company, OUTsurance (which is majority owned by Rand Merchant Insurance Holdings), that is an outlier in the industry. Chief Executive Officer, Danie Matthee told BizNews that its brand and reputation is more important than fighting against claims. The first shots in a huge battle between businesses and the insurance industry – refusing to pay for claims for business interruption from Covid-19 – were fired this week when a Western Cape High Court ruled in favour of a Cape restaurant, Café Chameleon. Insurance Claims Africa, fighting for 500 business in the country to get their claims paid out, says the decision is precedent-setting. But...
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Small weddings can go ahead... but couples who still want a big do face a re-booking and refund nightmare Nearly 75,000 weddings cancelled in England between March 23 and July 3 Some venues and suppliers caught pocketing thousands of pounds in deposits Others charge hefty administration fees or refuse to allow couples to postpone 80% of venues thought to have already been booked for key summer 2021 dates Couples who have paid tens of thousands of pounds for a dream wedding this summer face a bitter fight to get their money back. Small weddings with up to 30 guests have finally been given the go-ahead, with the first ceremonies since March taking place last weekend. Many couples are...
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FILE PHOTO: A cashier displays the new 2000 Indian rupee banknotes inside a bank in Jammu, November 15, 2016. REUTERS/Mukesh Gupta/File photo (REUTERS) Opinion | This or that? Hard financial choices we must make 4 min read . Updated: 07 Jul 2020, 10:36 PM IST Monika Halan Use the hard lessons during this time to write a script for your future money life But there are a number of economic choices that we have been forced to make as incomes, jobs and livelihoods have been under stress. Last week, Adhil Shetty, CEO of Bankbazaar.com, spoke to me on the three toughest money choices during the covid-19 crisis during a live interview. Each question had two parts and as we moved from question...
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Single, Married or Building a Family? Why Having Life Insurance Can Help Smooth The Path To Financial Security – Part 1: Life Insurance For Couples At Bearingstar Insurance, we passionately believe that life insurance is extremely important to have – and worth the time investigating – no matter what chapter of your life you find yourself in today. However, we understand if you are a bit cynical about this type of insurance and you would not be the only one. In a 2017 Insurance Barometer Study by and LIMRA, 84% of U.S. adults surveyed said they believed that most people need life insurance. And yet, only 59% of these same adults surveyed said that they carried life insurance,...
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