Is all life insurance the same? No, all life insurance is not the same. There are many two main categories of life insurance and there are many differences within those categories as well as many variations depending on the company offering the life insurance. Further, there are different ways to manage your life insurance as well as different limits that can be applied on a life insurance policy. Simply enter your zip code above to start getting life insurance rate quotes now! Term Life Insurance Let us first begin by describing the more basic of the two options: term life insurance. This type of policy is similar to what it sounds like. It is offered for a certain term or period of years...
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Dealing with the loss of a loved one is painful, which is why having life cover in place can create a financial safety net for the people that you care about. However, some scenarios can cause your claim to be denied by an insurer, which is the last thing that anyone would want to face during such a difficult time. Here are some of the reasons why insurers are likely to reject a claim and how you can avoid having your claim denied. You have just found out that a loved one has passed on. Furthermore, they had taken out life cover, listing you as a beneficiary. The first thing to do is to notify the insurer to get the claim process underway. According to ASISA, South African insurers have...
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Principal Financial Group History Principal Life Insurance Company is one of the oldest life insurance carriers in the United States. Established in 1879 under the name of Bankers Life Association, Principal has been providing financial products to consumers worldwide. In 1985 Principal officially became Principal Financial Group and in 2001 they became a publicly traded company. Principal Financial Group is a Fortune 500 company ranking 210th out of 500 companies. With over 24 million customers worldwide and $675 billion in assets under managment, Principal Financial Group is one of the strongest companies you will come across. Principal Life Insurance Company Ratings Principal Life...
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Most retail investors use insurance products as tax saving instruments. Under Section 80C of the Income Tax Act, life insurance premium up to a maximum of Rs 1.5 lakh per financial year qualifies for tax deduction. Most of us leave tax planning till the very end of financial year. When the financial year end approaches, most of us give in to the best sales presentation from a financial intermediary without understanding the product features completely. Financial planners often advocate that retail customers shall not mix their insurance and investment needs. Even then, in the rush to meet 80C tax deduction limit targets, most of us end up buying insurance products such as unit-linked...
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You may not believe it but there are more important things than your phone… Phones are important – how else could you exchange thousands of WhatsApps with your friends all day, share stories on Instagram AND fire off angry tweets while not even looking where you’re going? (Well, until you walk into a lamp post, that is…) Okay, they also bring genuine benefits, like allowing us to stay in touch with each other as never before and maintain long-distance friendships that might have previously withered. But it seems we’ve crossed a threshold, and that our old master-servant relationship with the trusty ‘dog and bone’ got twisted at some point in the last few years. Rather than seeing phones as...
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Industrial Alliance Life Insurance, similar to other Canadian life insurance companies, offers numerous products targeting clients with various insurance needs. Industrial Alliance Insurance and Financial Services Inc. is among the 100 largest companies in Canada, and is listed on the Toronto Stock Exchange (AIG). The company was founded in 1892, and has a long history of providing insurance products and financial services. They offer a wide range of insurance and financial products, to both individuals and companies of all sizes. The company has more than three million customers across Canada. For individuals, there is a whole range of products, including traditional insurance products,...
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American life insurance company John Hancock said that it will start selling only interactive policies that include digital fitness tracking, to mark its exit from the traditional life insurance business model. Image: John Hancock adds digital fitness tracking to all its life insurance policies. Photo: courtesy of blackzheep/FreeDigitalPhotos.net. The new interactive life insurance policies will now come with Vitality behavior change platform, which rewards policy holders for the everyday measures they take to lead longer and healthier lives, said John Hancock. Vitality gathers health data from wearable devices such as smartwatches and FitBits. John Hancock said that its Vitality policies,...
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If you pass away in the first two years of your life insurance coverage, the insurance company has a right to contest or question your claim. This means that the insurance company may investigate the details of your medical history to make sure you didn’t misrepresent information on your application — for example, stating that you don’t smoke when, in fact, you do … and have for many years. Misleading an insurance company by providing inaccurate information on your application to obtain better rates or approval for coverage is known as material misrepresentation. If evidence of this emerges, the insurance company can cancel your coverage or deny a claim. In some cases, they may withhold...
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Life Insurance in Georgia Life Insurance for Residents of Georgia Life can be a wild ride. We all need buffers to cushion us from whatever life throws at us. This gives us the chance to bounce back and give life all that we got. At The Nolan Group in Cumming, GA, we offer one such buffer, we offer life insurance. What this policy offers is financial peace of mind for your Georgia family in case you or a loved one passes unexpectedly. This policy takes the form of a contract between a life insurer and the party that wants to be insured. In exchange for premiums, the insured’s beneficiary receives a lump sum upon the insured’s death. Life insurance policies are categorized according to the...
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Life Insurance Insure It All has been providing life insurance for the residents of Idaho and the entire United States for years. Over the years, we’ve realized that life insurance is a difficult conversation for many people to have, but it’s a necessary conversation. Fortunately, our Idaho Falls, Idaho independent insurance agents are well-versed in life insurance, and they are happy to walk you through the process of finding a life insurance policy that will meet your financial goals. At Insure It All, we are a team of Idaho Falls, Idaho insurance agents who, like you, understand the need for life insurance. Our independent life insurance agents place your needs in the forefront in order...
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