Archive for April, 2006

Endowment Insurance

“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 [...]

Whole Life Versus Term Insurance

From a financial planning point of view, there are several guidelines to help you choose the kinds of insurance you should buy. The first guideline is “buy term and invest the rest”, the rationale being a term policy will be cheaper for the same valueof policy compared to a life policy, and then invest the [...]

Whole Life Insurance

While term insurance offers protection over limited periods, permanent protection is provided by whole life policies. A whole life policy offers lifetime insurance coverage against death and total permanent disability with the added saving angle. In a whole life policy, the insurance company will pay the sum assured as well as accumulated bonuses upon death [...]

Determining Your Insurance Needs

Click here to Find out more about Plants and see beautiful pictures of plants Insurance enables you to transfer risk to the insurance company. For example, you may face a financial castastrophe should you be diagnosed as having a terminal illness. Medical expenses and loss of income will pose a financial problem even for the [...]

Managing Your Insurance Needs

Life insurance is a crucial form of security, especially for those with many dependants. Many neglect to insure themselves adequately because of the irony of the product. You actually pay in advance for a service which you hope you would never have to use. From another angle, life insurance is perhaps one of the most [...]