More Like This: At Aflac, we understand that life insurance isn’t always an easy subject to discuss. It can be a difficult topic to bring up but understanding when and how you should get life insurance can have a huge impact on your loved ones. Your financial situation, family size, age, and location are all important determinants to consider when forecasting the best time to get a life insurance policy. Who Needs Life Insurance? Many walks of life can benefit from getting a life insurance policy. It’s never too late to determine when you should get life insurance and what your options are. However, there are a few instances where it can be particularly helpful for you and your loved ones....
Continue reading...
Whatever stage of life you’re at, there’s a variety of options and policy types available to suit your needs. Do keep in mind though, that it’s important to choose the right policy for your individual needs, as choosing the wrong policy (or not understanding the policy) could leave you underinsured. In essence, if your children, partner or other family members depend on your income to cover their living expenses (and the home they live in) you should definitely consider life insurance to help provide for them in the event of your death. You can’t rely on the government to take care of your family – the money they would get from the state is probably much lower than you’d expect. At...
Continue reading...
Life insurance can be surprisingly inexpensive when you’re young and healthy. But not everybody is fortunate enough to have excellent health, and getting approved for coverage can be a challenge when you have health issues. Still, there are several ways to get life insurance at a reasonable rate, even with preexisting conditions. What Are Preexisting Conditions? Preexisting conditions are health problems that you’re aware of when you apply for insurance coverage. For example, if you received care for a particular condition, it is likely a preexisting condition. When it comes to life insurance, the conditions that demand the most attention are chronic conditions that could potentially lead...
Continue reading...
Ravi Kumar thought he had his life sorted. By 2019, his younger sister was married, his parents were settled in Bengaluru, and he was well ensconced in a banking career in Mumbai, happy with his compact family of wife and two young kids. An apartment in Mumbai, a decent corpus in FDs, some investments in equity and gold were enough to tide him over the future. Till 2020 began and life showed up its uncertainties in full force. Ravi still holds a job, but the shadow of a furlough looms. He needs to bolster the savings he has been putting aside for his kids' education and marriage in view of the 'New Normal' that is emerging. He has never been worried about his own health but the pandemic has...
Continue reading...
A cost-effective way to protect against future medical requirements and beat medical inflation could be going for a super top-up health insurance policy. The ongoing Covid-19 pandemic has reinforced the absolute criticality of having health insurance protection for your family. Serious medical emergencies of any kind at a time of skyrocketing hospitalisation expenses can easily ruin our finances – something that can be avoided with adequate medical insurance cover for ourselves and our dependent family members. However, one might never be sure how much coverage could be considered “adequate”, especially in the long term. What seems “adequate” today may be insufficient after a few years, and...
Continue reading...
IRDAI has allowed the option of authenticating the proposals for life insurance through electronic means, in place of a physical signature. Buying a term insurance plan has become much easier now. While buying term plans online is already possible from the website of life insurers, one can also buy life coverage from insurance agents and intermediaries such as banks, corporate agents etc. But, if moving out and having physical interaction with agents is proving difficult in these times of pandemic, the insurance regulator IRDAI has come up with a solution. Now, one can buy a term insurance plan from his friendly neighbourhood insurance agent sitting at home. The filling up of the...
Continue reading...
Job Description Calling all life insurance agents who are self-motivated and want a career opportunity in the final expense industry At Senior Life Insurance Company, we are seeking life insurance agents to join our team! Full time openings are available for self-motivated licensed life insurance agents to sell our final expense products to the growing senior market. Senior Life Insurance Company is growing at a rapid pace. Every day people call interested in the products that we provide to them during the most difficult time of their lives. We focus on providing people with final expense services to help them with peace of mind when a loved one has passed. We provide the following...
Continue reading...
Virginians encouraged to use free life insurance policy locator tool Published Wednesday, Jul. 8, 2020, 6:28 am Since 2017, a free life insurance service has helped 2,127 Virginians recover more than $29.9 million pledged to them through life insurance policies and annuity contracts. The State Corporation Commission Bureau of Insurance encourages any Virginian in search of lost or misplaced life insurance policies or annuity contracts to take advantage of the free Life Insurance Policy Locator, which is offered by the National Association of Insurance Commissioners. “Using secure technology, the service enables consumers to obtain money that is rightfully theirs via life insurance and...
Continue reading...
The recent research report on the global Term Life Insurance market presents the latest industry data and future trends, allowing you to recognize the products and end users driving Revenue growth and profitability of the market. The report offers an extensive analysis of key drivers, leading market players, key segments, and regions. Besides this, the experts have deeply studied different geographical areas and presented a competitive scenario to assist new entrants, leading market players, and investors determine emerging economies. These insights offered in the report would benefit market players to formulate strategies for the future and gain a strong position in the global market. Our...
Continue reading...
How has COVID-19 impacted the disability and life insurance industry? The impact the virus has had on the insurance industry, which usually moves at a glacial pace, has been astonishing and compassionate. For premium payments, all life and disability policies have a 30-day grace period – from when premiums are due to when they need to be paid. These have all been extended by at least 60 days for a total of 90. The procedure to obtain the extension differs by company but is very easy and accessible. In regards to underwriting, the process by which insurance policies are approved, the amounts have been increased substantially for both disability and life insurance to obtain coverage...
Continue reading...
