November 16, 2018

 

Permanent or term life insurance?

Now that you are ready to purchase life insurance, the choice before you is what type of life insurance would best suit your purpose. Life insurance is not a one-size-fits-all product and each one must assess his or her own personal situation to come up with the right coverage and the number of years you […]

Term Life Insurance ? A Better Option to Mortgage Life Insurance

A mortgage life insurance is a type of insurance policy that is designed to pay off your mortgage in the event of your untimely death. The insurance company will pay off any outstanding balance left on your mortgage leaving your family debt-free. Typically, in this type of insurance, as your mortgage decreases, so does the […]

Life Insurance 101

Life insurance is basically a contract between two parties: the insurance company and the policy owner. After the demise of the policy owner, the life insurance company agrees to pay a lump sum amount based on premiums paid by the policy owner, to a designated beneficiary. The policy owner must pay the insurance company either […]

Reasons to Convert Term Life Insurance to Permanent Life Insurance

Term life insurance may make sense now, when funds are low and insurance needs are high. But this may not be the case a few years down the road. That’s why when you purchase term insurance you should make sure there is a convertibility option within your contract. A convertibility option allows you to convert […]

Factors that can affect your life insurance premium

Taking out life insurance is only common sense in an unpredictable world, and is essential if you have loved ones dependant on you. While we all don’t like to think of the worst happening, it can and does, so taking out adequate protection on your life is essential. Basically a life insurance policy pays out […]

How To Use Life Insurance To Protect Your Family Finances

Most of us know just how valuable Life Insurance can be, particularly for protecting your dependents against the financial hardship caused by the unexpected death of the main family breadwinner. When looking for plans to provide the required cover, most people tend to focus solely on the monthly cost which may not provide a true […]