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Tag: Life Insurance

Life Insurance policies – Most important investment of your life!

Life Insurance policies – Most important investment of your life!

Health
It is a well known fact that life insurance is something one should have at an early age. It is known to be a worthwhile investment, which everyone should make. Now, throwing light at what exactly life insurance is. It is a contract between an insurance company and the person being insured, where the company promises to pay a certain amount of money in return of the premium when the insured person dies. There are a varied range of life insurance plans and policies meant to protect the family and the individual. They are legal agreements, which sometimes also cover other events like terminal, or critical illness that can commence payment. The life insurance is something very essential but it is not required to have by law like car insurance. The process of getting a life insurance mi...
Life Insurance Pay Out for Anything That Could Happen?

Life Insurance Pay Out for Anything That Could Happen?

Lifestyle
Life insurance is an integral part of securing a family’s long-term financial health. But in order for you to use it effectively and ensure adequate coverage, you need to know what it does and does not cover. All life insurance policies, like health insurance plans, are effectively contracts. They have their specific terms. Failure to meet these terms will result in the insurance company refusing to pay out. They do not pay out in any and all situations and it always pays to read the fine print. These are several circumstances that could result in your life insurance money not being paid out to your family in the event of your death. Your Family Doesn’t File a Claim The first one sounds obvious but is surprisingly common. If your family does not file a life insurance claim,...