Life insurance is one of life’s major decisions, often likened to a precious and lasting gift for one’s family. Despite the importance of this heartfelt gift, there are a few things about life insurance that few are aware of. Here is a list of the most important things that you should know about life insurance.
- Everyone needs life insurance
Life insurance is not just for the chief breadwinner of the family. If someone depends on you financially or otherwise, then you need life insurance. A stay at home parent, or even a parent who does not contribute significantly to the household finances needs insurance too. They prov Read More »
Unprecedented attention given to tourism industry together with the availability of low cost flight has highly popularised travelling all over the world. With new exotic locations coming into the limelight, tourists are in a rush to take the delight of holidaying in a hitherto uncharted zone. And to make them better equipped against any kind of unforeseen mishap, tourists prefer to buy Travel insurance.
It is true that travelling is sometimes sheer fun and sometimes education through entertainment. This, however, does not mean that the way of holidaying, particularly in exotic locations, is free from any kind of risks and hassles. There ar Read More »
What is Insurance ?
Insurance in its basic form is defined as “ A contract between two parties whereby one party called insurer undertakes in exchange for a fixed sum called premiums, to pay the other party called insured a fixed amount of money on the happening of a certain event.” In simple terms it is a contract between the person who buys Insurance and an Insurance company who sold the Policy. By entering into contract the Insurance company agrees to pay the Policy holder or his family members a predetermined sum of money in case of any unfortunate event for a predetermined fixed sum payable which is in normal term called Read More »
Which Life Insurance is best for me?
Why buy life insurance?
Many financial experts consider life insurance to be the cornerstone of sound financial planning. It is generally a cost-effective way to provide for your loved ones after you are gone. It can be an important tool in the following ways:
1. Income replacement
For most people, their key economic asset is their ability to earn a living. If you have dependents, then you need to consider what would happen to them if they no longer have your income to rely on. Proceeds from a lif Read More »
Insurance is just a fact of life in American society (and probably most other places too). Some studies show that Americans spend almost 15% of their disposable income on insurance alone. Sometimes they are certain insurances you just can’t get out of buying, for instance you are required by law to carry it; such as car insurance.
But there is some insurance that you just shouldn’t buy no matter what, and that’s what I am going to talk about in this article today.
Sure, we all need insurance. If you’ve got a house mortgage, you need homeowners insurance. If you own a car, you need auto insurance. If you have a family that depends on your income, th Read More »
There are so many vehicles on road these days. With increasing amount of road mishaps, the requirement of auto insurance is increasing. Also now it is mandatory by law that every vehicle that comes on road should be insured. Some laws make rule that liability coverage should be included in your policy. By some states uninsured motorist coverage or underinsured motorist coverage is compulsory.
With so many insurance providers coming up in market it becomes difficult to choose the best one. All the companies have different types of polices. Now days you have various options to choose from so you can design the policy like you want it to be. You can choose the premium char Read More »
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