Life insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder). Life insurance provides great benefits to the family of the deceased after his/her death in form of financial/ monetary support to help them sustain their livelihood. Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. It is of utmost importance to have a life/illness insurance to have a failsafe option you can fall back on in case of a life threatening disease or death of the insured. The life insurance provides monetary support to the family of the affected to help them pull through the trying times without worrying for their sustenance.
Your financial arsenal cannot be a one-trick pony. It needs to be the master of all trades. By that, we mean creating an arsenal with investments of varied risks based on your risk capacity. Why is that needed? You expose yourself to a bad financial future by making risky bets. You can get into financial […]
Continue Reading
One of the largest insurance companies in India is Max Life Insurance Company. To meet the needs of its sizable clientele, it provides a broad selection of insurance products. With a user-friendly website and a variety of insurance products, including term insurance plans, retirement plans, ULIPs, and more, Max Life Insurance is a well-known brand […]
Continue Reading
In the realm of financial planning and security, term insurance plays a crucial role in ensuring that loved ones are financially protected in the event of an unforeseen tragedy. While many often associates term insurance with the primary breadwinner of the family, it is equally important for housewives to have coverage. The financial contributions and […]
Continue Reading
If you’re on the lookout for a reliable investment strategy to help you grow your wealth, look no further! In this comprehensive guide, we unveil the LIC Plan-5 Years Double Money, a compelling investment opportunity offered by the Life Insurance Corporation of India (LIC). This plan comes with unique features and rewards, promising the potential […]
Continue Reading
By Lucas Siegel, CEO + Founder of Harbor Life Settlements and Harbor Life Brokerage A life settlement converts your life insurance policy into cash — cash you can use and enjoy while you’re living. Unfortunately, life settlements are often misunderstood or misrepresented. These common misconceptions could prevent you from pursuing an attractive financial strategy, or […]
Continue Reading
If you want to safeguard the financial future of your family and loved ones, the best way to do that is by buying a life insurance policy. It is designed to protect you from emergencies like death and health-related issues. You get to choose your coverage and premium depending on your needs. However, choosing the […]
Continue Reading
A Unit Linked Insurance Plan (ULIP) can help you achieve a range of long-term investment goals, such as retirement preparation, education funding for your kid, and asset accumulation. The minimal lock-in duration of five years ensures investor restraint while still providing high market-linked returns. The best ULIP offers life insurance while simultaneously investing a percentage […]
Continue Reading
Ever thought about whether you are financially prepared or not, Meet with a severe accident and end up in total disability? Diagnosed with chronic illness such as cancer or other deadly diseases? Have an untimely death? For instance, you are the sole bread earner in the family. If you end up in any of the […]
Continue Reading
Many people consider life insurance as something they have to protect their family should the worst happen. However, there are other reasons you might want to get covered. If you are an entrepreneur, then you may have other people relying on you and the salary you provide. This means that if anything happens to you, […]
Continue Reading
If you are about to purchase a term policy, you have every right to know how useful it might be for you in the long run. Such a thing is essential so that you do not face any complications later. But before you hop into buying it, you need to get all your queries resolved […]
Continue Reading