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Tag: Life Insurance

Pros and cons of senior life settlement

Pros and cons of senior life settlement

Finance
Many seniors will consider a life insurance settlement deal as they get older. For some, this is an easy way to raise a cash lump sum to use in retirement and to get rid of an unwanted policy. Others may prefer/need to keep their coverage in place as part of their estate planning. What are the benefits and downsides of selling life insurance as a senior settlement? The Advantages of Senior Life Settlements Senior life settlements allow individuals to sell life insurance to a third party for a cash payment. Whether this is a good idea or not comes down to the preferences and circumstances of the individual. This may, for example, work well for those that: Are paying for life insurance coverage that they no longer actually need (i.e. they have no remaining debts to cover, they h...
5 Clever Tips to Select the Best Term Insurance In India

5 Clever Tips to Select the Best Term Insurance In India

Finance
Purchasing the best term insurance in Indiawith the right guidance becomes a straightforward task. However, first you must do is to understand the importance of life insurance and which plans suit your requirements. Different life insurance policies offer different benefits that may or may not be suitable for your financial situation. But luckily for you, the insurance providers now offer you the option to customize your cover with add-on benefits, choose the policy term, compare policies online, and buy the term insurance plan online at your convenience. But what is term insurance, and how do you get one? Let’s talk about it in detail. What is a Term Plan? A term insurance plan is a type of life insurance that is provided by insurance providers to offer you extensive coverage at ...
Picking the Right Car Insurance – 3 Helpful Tips

Picking the Right Car Insurance – 3 Helpful Tips

Finance
In this day and age insurance is important. There’s no way around that. While everyone is quick to get a life insurance policy for themselves and even cover their pets, people often take a while to insure their vehicle. Could the reason for this be that picking the right car insurance policy can be complicated, confusing and time-consuming? Quite possibly. But if you use the tips we’re going to outline for you today, picking a car insurance policy for your vehicle will be a breeze. 1. Follow Your State’s Requirements Always bear in mind that different states require different levels of insurance cover. Make sure that the policy you have your eyes on meets the minimum insurance requirements for your state. We’ll use these four states as an example: Alabama’s minimum car insura...
Life Insurance and Suicide Question & Answers

Life Insurance and Suicide Question & Answers

Health
I met with busy Philadelphia life insurance beneficiary lawyer Chad G. Boonswang, Esq. recently and spoke with him about how life insurance providers handle beneficiaries’ claims when the insured commits suicide. Veronica Baxter: Do insurance companies pay beneficiaries’ claims when the insured dies by suicide? Chad Boonswang: Perhaps. It depends on several factors, though I will tell you that life insurance companies frequently try to avoid paying those claims. Beneficiaries are often feeling so bereft at the unexpected death of their loved one that when their claims are denied, they don’t have the heart to pursue it further. Most should. Keep in mind that the insurance companies only make money when they don’t pay claims. They have little incentive to pay beneficiaries when ...
The Importance of Life and Health Insurance

The Importance of Life and Health Insurance

Health
Investing in yourself is one of the most important things to do in life, and two of the best ways to do this is by getting both life and health insurance policies. It’s almost certain that you know at least one, if not a handful of people who have neither insurance policies, but that doesn’t mean that you shouldn’t have one. Life and health insurance are extremely important to benefiting your life, not only in terms of finance and savings, but also in terms of your overall health and the future of your family. Life Insurance Life insurance is a key factor in making sure that you are looked after no matter what happens. If you’re a stay at home parent, it’s vitally important that you get life insurance. If you are the parent that stays at home and looks after your children while y...