Life cover for over 50s can be an excellent way to ensure your family is financially protected in the event of your passing. Many policies are affordable, with premiums starting as low as PS5 or PS50 per month. Upon your death, your policy will pay out a lump sum to your beneficiaries. Some over-50 life…
If you are searching for an old mutual life cover, you have come to the right place. Here, we will discuss the different types of policies available. Among the best are: Life cover, marine insurance, travel corporate, severe illness cover, and family life protection. Moreover, you will learn about the benefits of each of these…
Now that you’re home-free, you can focus on paying rent and growing your retirement savings. But before you forget to update your life insurance coverage, you should review and reassess your coverage needs. As the number of dependents in your family decreases, you may want to consider leaving a charitable gift with your policy. Read…
If you’re looking for a life insurance plan, level term insurance may be your best option. Its benefits include predictable premiums, and guaranteed payments, and is cheaper than whole life insurance. Learn why level-term insurance is a great option for you. Below, we’ll cover some of its benefits. Here are the top 3 reasons to…
Credit life insurance is a specialized policy that protects co-signers and lenders by covering outstanding loan balances if the borrower dies. Instead of beneficiaries receiving the payout, the lender receives it directly, relieving co-signers of financial responsibility. While this type of insurance offers peace of mind, it is often more expensive than traditional life insurance….
AAA Whole Life Insurance offers several riders on their whole life policies. Riders include automatic premium payment when a person is disabled, $5,000 coverage for eligible children, and a $25,000 benefit in the event of accidental death or serious injury. The guaranteed issue policy also offers immediate acceptance for policyholders, although the death benefit does…
If you’re considering purchasing a life insurance policy, it’s important to review Talcott Resolution Life Insurance Company financial performance. The company has been in business for over 80 years and has earned a solid overall score, making it a trusted name in the industry. However, like many insurers, it has faced some challenges with customer…
A Survivorship Life Insurance policy is a type of life insurance policy that provides a tax-free benefit to your heirs upon death. It can provide your heirs with a lump-sum payment, which is beneficial if you are not around to receive it. However, the tax-free benefit is not the only benefit of a Survivorship life…
If you’re considering investing in a variable annuity, you should know the terms and conditions. Front-end load occurs when you first invest your funds. This charge applies every time you place additional funds. In contrast, back-end load occurs when you redeem your shares. This means that you can invest without incurring charges on placement, and…
Selling life insurance is challenging but can be very rewarding. Although it requires a busy schedule and a strong work ethic, it can be a rewarding career that will challenge you both financially and personally. Follow these tips to transition from working for an insurance company to working for yourself. Listed below are some key…