NRI Term Insurance Policies - Features Policy Term Term insurance for NRI generally can have tenure from 6 months to 25 years. The minimum age for getting NRI insurance is 18 years and the maximum age varies from 55 to 60 years depending on the terms and conditions stated in the policy. Premium and Sum Assured Sum assured for NRI term plan varies from a minimum of Rs.2 lakhs to a maximum of Rs.1 crore. There is no fixed premium as the amount of premium depends on the following factors: Payment frequency of premium (monthly, quarterly, half-yearly, annual) and In case of the demise of the policyholder, the sum assured is paid to the nominee in their NRE account. Grace Period In case a NRI...
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Federal Health, Retirement and Other Benefits The government provides its employees with a first-class benefits package. In fact, studies conducted by the Bureau of Labor Statistics reveal that the gap concerning benefits between the private and public sectors has been growing-in favor of the public sector. Once you’ve been selected to be a part of the government team, you’ll have access to first-class health care (and other) benefits. Health Care Benefits Through the Federal Employees Health Benefits Program (FEHBP), federal employees, retirees, and their families enjoy the widest selection of health insurance plans in the country. More than 200 plans participate in the program...
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If you’ve ever been involved with arranging a funeral or helping to pay for one, you may have been startled at how involved they are and how expensive they’ve become. Funerals are expensive and the prices aren’t going down! Because of constant advertising by many of the insurance carriers who offer final expense and burial insurance, seniors have started flocking to insurance agents to make certain they don’t leave a financial burden to their surviving loved ones. Certainly, you don’t want to do that to your family, do you? If not, take a few minutes to learn about final expense insurance for seniors Fortunately, the competition among insurance carriers that offer final expense insurance...
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Can non-U.S. citizens buy life insurance? Just because you’re not a US citizen doesn’t mean you can’t get life insurance. How Non-US Citizens Can Get Life Insurance. Immigration law is complicated, and the road to citizenship has many hurdles, but you don’t have to wait until you are a legal resident to enjoy the protection life insurance offers. Can I get life insurance if I’m not a U.S. citizen? Yes, you can get approved for life insurance in the United States even if you are not a citizen, as long as you have the proper documentation. Your best chances of getting affordable life insurance is to apply through a broker, like Quotacy. Brokers are not tied to one life insurance company...
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Technicians Insurance Disability Insurance Plan Protection when you are unable to work due to a disability. Who's Eligible Only Army/Air Federal Technicians are eligible for this plan. If you are terminated from your job as a Technician by the National Guard due to medical reasons, or failing the National Guard physical exam, you may receive a lump sum payment equal to two monthly payments of the Basic Disability Plan even though you may not be disabled. You may receive a reduced disability benefit during your rehabilitation if you are able to work part-time through an approved rehabilitation program. Disability due to pregnancy is covered. Coverage Amounts/Limits There are two parts -...
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United States Life Insurance Company In NY City Founded in 1850, The United States Life Insurance Company in the City of New York is the oldest stock life insurance company in the United States, with over $2.2 billion in assets and $73.3 billion of insurance in force as of Dec. 31, 2000. It was acquired by the American General Corporation in 1997 and became a member of the American General Financial Group (AGFG). On August 29, 2001 American General Corporation was acquired by American International Group (AIG), creating one of the largest insurance carriers in the world. The LTG Ultra series features level death benefit term plans with fully guaranteed level premiums for the first 10, 15,...
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Central Board of Direct Taxes (CBDT) has notified rules on due diligence, maintenance of information and reporting of the accounts regarding non-resident Indians who are covered under the Foreign Account Tax Compliance Act (FATCA-US person) or Common Reporting Standard (CRS)( Non-US person) on August 7, 2015. To update your FATCA/CRS details, click here What is DTAA and how it can be useful for getting a TDS exemption? Double Taxation Avoidance Agreement (DTAA) is signed by the governments of two nations to eliminate double taxation on the same income in both the countries. DTAA prescribes, the country in which the income earned from a foreign country will be taxable. Let us understand...
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Sharon Ann Murphy The first American life insurance enterprises can be traced back to the late colonial period. The Presbyterian Synods in Philadelphia and New York set up the Corporation for Relief of Poor and Distressed Widows and Children of Presbyterian Ministers in 1759; the Episcopalian ministers organized a similar fund in 1769. In the half century from 1787 to 1837, twenty-six companies offering life insurance to the general public opened their doors, but they rarely survived more than a couple of years and sold few policies [Figures 1 and 2]. The only early companies to experience much success in this line of business were the Pennsylvania Company for Insurances on Lives and...
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A 7702 plan isn't really a retirement plan at all – it's a life insurance policy. You've been responsible with your money by investing in your 401(k) plan at work and maybe you even set up an individual retirement account (IRA) with some savings to help build an even better retirement nest egg. And then a financial agent tries to sell you a 7702 plan. It sounds great: a high rate of return, little to no risk, and no penalties for withdrawing money. Why didn't your financial advisor tell you about this before? And why isn't everyone pouring their money into a 7702 plan? It turns out that a 7702 plan isn't really a retirement plan at all – it's a life insurance policy. A clever life...
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Joint life insurance It is not for nothing that marriage is called a divine partnership. The two of you essentially promise to share your whole life together – through the good and the bad. It, thus, becomes your duty to ensure your partner is protected from any eventuality in life, and to be there for them in their hour of need, no matter how often it arrives. Sharing a life insurance plan is just another way to ensure you are able to provide for each other. Usually, when you apply for a life insurance policy, you mention a nominee or beneficiary. In Joint Life Insurance, both you and your partner will be the owner as well as the beneficiary. So, in case something happens to one of you,...
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