Archive for April, 2006
« Previous EntriesRules To Follow When Getting A Policy
Sunday, April 30th, 2006There are three basic guidelines that you need to consider before buying life insurance. 1. Reviewing your needs and coverage The golden rule to buying insurance is to evaluate your needs first before doing anything else. Life insurance is used in a person’s financial plan to fill the gap in income that is needed by [...]
Ways of Getting Insurance Coverage
Saturday, April 29th, 2006The key is finding the product that you require. The way to buy insurance depends largely on whether you know what you want in the first place. Thus the level of assistance you require is a crucial factor to consider. Some of the common sources of finding coverage include: 1. Through an agent There is [...]
Features of Investment -linked Insurance
Saturday, April 29th, 2006Click here to view peaceful garden pictures The rates of return of traditional cash value policies such as whole life and endowment have been considered not competitive to the policyholders. To be competitive with other financial institutions, the investment-linked insurance have been introduced with the following features. 1. Variety of investment Unlike the traditional cash [...]
Investment-Linked Policies
Friday, April 28th, 2006Investment-linked products have surged in popularity as individuals are attracted by the potential of better returns. In such products, the element of life insurance is completely spearated from the investment. A portion of each premium is used to buy life cover and to meet the company’s expenses and agent’s commissions while the rest is invested [...]
Annuity
Thursday, April 27th, 2006Optical Illusion – Old People or Spanish Scene? A normal life insurance involves the payment of reular premiums by the policyholder in return for a cash benefit on the maturity of the policy or death. The annuity policy is the reverse of this situation. It provides a regular income till death in exchange for a [...]
Endowment Insurance
Wednesday, April 26th, 2006“Parents have a prior right to choose the kind of education that shall be given to their children” – United Nations, Universal Declaration of Human Rights, Article 26(3) Endowment insurance pays the sum insured if the insured dies within the term of the policy or if he survives to the end of the term. It [...]
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