Life Insurance

A life insurance policy is a contract with an insurance company. In exchange for premium payments, the insurance company offers a lump – sum payment, known as a death benefit, to beneficiaries upon the insured’s death. As a small business owner, someone is depending on you financially. Maybe it is a team of employees, customers…

I guess the first question that came to your mind when you saw the topic was “is it legal”. Well, the answer is yes. It’s completely legal and okay to buy life insurance for your parents. One of the ways you can benefit from buying life insurance on your parents is that in the event…

Although using an agent or insurance broker to buy life insurance policy is a good idea. However, it could backfire sometimes. Hiring an insurance broker has its downsides, some of which include-: Commission comes first-: Even though insurance agents want to ‘help’ you, they are paid on commission, based on the sales they make and…

When you lose a loved one, you are saddled with some responsibilities like making funeral arrangements, settling debts, and settling financial affairs of the deceased. A lot of people have life insurance policies to cover for the costs of their burial, pay off their debts and also leave something for dependents and relatives. However, this…

How long does it take to process life insurance claims? What are the processes involved? How do you file an application claim? Well, i advice you read on to find out what you need to know. If you are a beneficiary of a life insurance policy, you would want to know how to file claims…

If you are new to investing and are trying to figure out how and where to place your hard-earned money, chances are that you have come across terms like “annuity” and “life insurance.” Both can really play significant roles in your financial plans. But you need to understand the differences between them, as this will…

I know that discussions about death can be very uncomfortable for a lot of people but it shouldn’t be, because it is something that would occur whether we talk about it or not. However, we can make our lives count by living it well and preparing for what would happen when we are gone. If…

Why do you need life insurance coverage as a business owner? What are the benefits of having life insurance policy as an entrepreneur? Well, this article will answer your questions in details. To some business owners, the idea of buying a life insurance policy is bullshit. They see no reason why they should do that,…