What is a ULIP ? As the names suggests, these are policies issued wherein the death or survival benefit and surrender benefit are payable on …
Settlement options are the choices that the life insurance beneficiary or policyholder has in determining how the death benefit payment will be structured. The owner may choose the option before death, or the beneficiary may select the option after the insured’s death
Prompt payment of the premium is crucial to the continuation of coverage provided by any insurance policy. A lapsed policy is one that has been terminated because of nonpayment of premiums. More than one-half of all whole life policies lapse within ten years of being issued
Shopping for an individual health care plan (a plan that is not provided through a group) requires a comparison of the many options available. You should focus your attention on three areas: (1) the cost, (2) the company, and (3) the plan itself.
There is no point in paying more for insurance than necessary. Here are some suggestions for achieving this goal.
Select Appropriate Coverage and Limits. Buy only needed coverages, and select policy limits appropriate for the largest potential losses.
Insurance policies do not invite casual reading. Consequently, many people fail to thoroughly examine their policies until a loss occurs, only to find that they had misunderstood the terms of the agreement.