The newly launched Covid-19 rider can be attached to 12 of Max Life's existing products ranging from term plans, savings and income plans to retirement plans. If you are looking to buy a life insurance policy along with a protection plan against COVID-19, here is an option available to you. Max Life Insurance Company has launched ‘Max Life COVID-19 One Year Term Rider’ or the Covid-19 Rider. A rider is basically an optional cover that a policyholder may attach to one’s basic policy by paying an additional premium. The newly launched Covid-19 rider can be attached to 12 of Max Life’s existing products ranging from term plans, savings and income plans to...
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Dear Christian: Well, you probably don’t need the full 10 to 12 times your income like I recommend for most people. The only dependent you have is also dependent upon his dad. And from what you said, his father seems perfectly able to take care of him. I’d get a good term life policy equal to the amount that you’d like to supplement your son’s care. The good news is you can get a couple hundred thousand in life insurance at your age for practically nothing. If you get life insurance, make sure his dad — your ex — is not the beneficiary. The beneficiary should be a family trust, formed upon your death, and the money would go into that trust for the benefit of your child. You set the terms of...
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For many, one of the most important financial tools to prepare for and secure long-term financial plans is life insurance. Life insurance is a financial product meant to transfer the risk of death from the policyholder to the policy provider. It usually works by having the policyholder make premium payments in exchange for a death benefit, typically paid to beneficiaries upon the insured's death. Your beneficiaries may depend on this benefit for their financial needs, so you might be wondering how much they get to keep after taxes. The good news is that, in most cases, money paid out from a life insurance policy is not taxable. But, there are some exceptions. Are there exceptions to...
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Since I have not yet reached the pinnacle point in my life where I have established wealth, life insurance is a must, especially since I have children. I have such a peace of mind knowing that if anything were to suddenly happen to me, my children would be taken care of financially. Life insurance does so much more than offset funeral expenses when death occurs; it can also cover debts, final medical expenses, and it immediately creates an estate. Think about your most valuable asset. Most people would say it’s their house or car and they protect those things with homeowners and auto insurance. What about your ability to earn money? My greatest fear used to be something happening to me...
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MCKINNEY, Texas, July 25, 2019 /PRNewswire/ -- Globe Life And Accident Insurance Company, the country's top volume issuer of life insurance policies, is excited to announce a new, multi-year relationship with the Dallas Cowboys. Globe Life is proud to be the Official Life Insurance of the Dallas Cowboys. The sponsorship includes advertising and corporate events at both AT&T Stadium in Arlington, TX and The Star in Frisco, the Dallas Cowboys World Corporate Headquarters and Training Facility in Frisco, TX and special speaking engagements with key leadership from the Cowboys. "We are thrilled to be associated with a global sports organization like the Dallas Cowboys and their owner Jerry...
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Gold Is Real Money — And Life Insurance Warren Buffet once said, “[Gold] doesn’t do anything but sit there and look at you.” We can classify gold in three ways. We can view it as an asset, a commodity or as money. Gold does exhibit characteristics of both assets and commodities, but ultimately, gold is money. When you look at things from that perspective, Buffett’s attitude doesn’t make as much sense. I doubt you would ever hear him say “never hold cash because it’s an unproductive asset.” The mainstream doesn’t generally express quite the same disdain for gold as Buffett, but it does tend to be rather apathetic toward the yellow metal. Nevertheless, with...
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Life insurance 101 Why is life insurance important? How should you select a policy? What are the various options you have? Find all answers here Ask around and most people will confidently tell you that they have a life insurance policy. However, dig a little deeper about the nature of the policy and the cover they enjoy, and the chances are that they will be riddled with doubt and ignorance. While this scenario is better than not being insured at all, even incomplete knowledge can pose a problem. Most of us have a vague idea about life insurance but only a few know the intricacies involved with it. Life insurance offers a protection cover against the life of the insured. An insurance...
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How does life insurance work? Life insurance is an extricable part of any robust financial plan. In order to choose a policy that provides you the exact cover you and your family need, it’s important to understand the intricacies of available plans. Here’s what you need to know to get started: When you buy a policy, you have to take a series of decisions – what policy to buy, how much it will cover, how long it will last, etc. It thus acts as a contract between you and the insurance company. How the insurance company serves you depends on the type of policy you buy. For example, do you want to be insured only for a certain period of time? Do you want additional benefits? Do you want to...
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I’ve got two kids attending university this fall. Our oldest son will be living off-campus in an apartment that can only be described politely, based on its odour, as objectionable. My wife thinks it’s even more concerning that he doesn’t seem to care. I told her: “Carolyn, young men are a species that are happy to wear wrinkled clothing lying on the floor if it isn’t walking itself to the laundry room. You think they care about the look and smell of their living quarters?” Despite the condition of the place, I can attest to how expensive the rent is every month. Add the cost of tuition, books, food and transportation, and it can make for a very expensive four years. Today, I want to share...
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What is life insurance? Find out what life insurance is and how it can help safeguard your family. You can get insurance for almost everything. You pay an ongoing fee, and then if what's insured is damaged or lost, your insurance can pay for it. Life insurance in a nutshell Life insurance is cover for a life itself. If you die, become disabled, get seriously ill or suffer a serious accident, then life insurance can pay a large amount of money to help out. Depending on the situation, this money might go to your family, go towards replacing your lost income if you are unable to work or go towards helping pay for medical expenses. You can also spend or save the pay out any way you want. What...
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