Tagged: life insurance

Throughout the years, it has been the function of life insurance to take excellent care of our loved ones should anything undesirable happens to us. But if you’re one of those smokers who are easy targets of death, prepare to be charged more. Your degree of smoking doesn’t really matter because as long as you smoke, you pay more. So long as you do the puffing deed, you’re in for a costly insurance journey. If you have smoked even one cigarette, stogie or made use of a smoking pipe in the last twelve months, you are deemed a smoker. Individuals...
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Income Protection Life Insurance Explained

By Scott Thomas Income Protection Definition – If a major life occurrence (for example having been fired, a serious illness, injury or death) prevents you from earning a living, the effects can be devastating. Should your breadwinner is not earning, debts will increase and the household will encounter tremendous financial disaster. Even government benefits won’t be enough to take care of the family’s needs especially when there are financial obligations and mortgage to pay. The end result can be losing a home, not being able to maintain payments on a car or other vehicle and the repossession of real estate...
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What Comprises A Good Life Insurance Decision-Making

By Scott Thomas It couldn’t be overemphasized that acquiring a life insurance is a crucial step in sustaining your household once you go away from this world. Depending on the policy of your choice, covers on debts, funeral bills, and income for the household are usually offered. Educational expenses for your young children can even be included in the insurance coverage. Life insurance plans can even help in paying off your mortgage to assure your family’s shelter. Do you know the Main Kinds of Life Insurance? In spite of stumbling upon many types of life insurance, always remember that there...
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How Valuable Is A Critical Illness Life Assurance

By Dan Harrison No person can ever be too sure of his/her possible future, more so with what might become of his/her health years from now. This is one big reason why it is usually recommended to get a hold of a critical illness life insurance plan and guard not just yourself, but most specially those who rely on you. So what does critical illness insurance cover? Critical Illness Life Cover is all about helping you handle your financial responsibilities when faced with a deadly situation such as cancer or sudden cardiac arrest. At present, around 30 various diseases are...
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Is Life Cover Worth It?

By Dan Harrison When a person dies, life insurance is of big help in assisting the surviving spouse and children in overcoming the impediment of the tragic loss. Since none of us know when we will die, it’s important to invest in a policy as soon as possible to prepare for the worst-case scenario, dying while your loved ones are unable to care for themselves. In case you are already gone, how else will they be able to provide for their basic needs? Knowing that, consider your options very carefully as this is a crucial decision that any breadwinner has...
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Life Insurance For Your Needs

By Scott Thomas Protecting your family does not only happen while you are still living, because even after you’re gone, you can still support them through life insurance. And to do that, you need to pay monthly premiums regularly because this will be claimed if you pass away. Life insurance is your family’s shield, shielding them from sudden outpour of obligations that they are unable to carry without you. Lately, more progressed people are learning to consider life insurance policies as another form of investment. Term and Whole-of-life Insurance Compared – Typically, there are only two primary types of life...
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Does Term Life Insurance Fit your Needs

By Scott Thomas Term life insurance, also called term assurance is a coverage product that pays out when the insured individual dies within a particular time frame (contrary to whole-of-life insurance, which provides coverage for a person for the whole of their life). You can choose what term you are covered for: 10, 15 or twenty years, for instance; the term life insurance quotation will be lower for a shorter time frame than for a lengthier one. You can purchase either a single or joint policy, and in case you select the second, there’s a policy that pays out when...
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The EU Gender Directive 2012 – How Will You Be Affected?

Not exactly an exciting start to an article with a title like that, I’m sure you’ll agree! But this is about to be implemented by all insurance companies in December and will affect pretty much everyone with particular emphasis perhaps on females. So what is it all about? Well, back in 2007, the Gender Directive ruling allowed insurance companies to still discriminate between male and female rates as long as they could prove with statistics that there were good reasons for going so. One of these could have been that, for example, amongst young drivers females have fewer accidents and...
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You Have Options When Shopping for Insurance

By Michael Hartmann The true difficult part of shopping for insurance comes in recognizing you’ll be buying something you can’t see and, hopefully, will never use. It’s an odd situation, to be sure, but unless you’re financially prepared for everything (and few of us truly are) then you do have quite a few options when it comes to hunting for the right insurance for you. Guarantee that you will be able to locate it when the time comes. Consider registering the company name with a database where your loved ones can always go to find it. If you like your...
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Comparing Income Protection Covers – Make The Right Decision

Think about a situation where you are suddenly out of employment and the resulting effects not just on you but your family as well. The sheer financial strain you would have to endure can have a very negative effect on any family relationship. That is why having an income protection cover is of utmost importance for you, since you will have a temporary reprieve as you look forward to getting back to work. What Is Income Protection? Income protection is an insurance policy that offers you up to 75 per cent of your income in the event that you are...
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