Term insurance is designed to pay out benefits if you pass away during the policy term. Unlike whole life insurance policy, it does not grow cash value, so it is crucial to adjust the terms of the policy based on your life needs and dependents at the time. You may choose to opt for higher coverage earlier in life when your expenses are higher. Later on, you may decide to decrease the term insurance coverage as your expenses drop throughout the years.
Can I reduce coverage of my policy?
As we move ahead in our lives, our responsibilities grow and we start to realize how essential it is to plan for the future. We start to look beyond our own needs and requirements and start to think about those of our loved ones. Investing in term plans is one of the best ways to provide your family members with a security blanket, something that would cater to their needs even if you aren’t there with them.
Nobody wants their family to struggle to make their ends meet,...
Amongst the various mind-boggling questions that life throws at us, viz; how do I secure my family? How do I find my child’s education? Should I buy a Life Insurance cover? The question of ‘How is a Term insurance premium calculated reigns supreme.
Read one to go through the nitty-gritties of a term insurance premium and how it is calculated.
The purpose of buying life insurance is to provide life cover to the policyholder and a financial security to his family. Where term...
In recent times, insurance is gaining popularity in India. There are over two dozen players in this industry and they have a large market in front of them to explore. There are all sorts of insurance products like life insurance, health insurance, vehicle insurance and so on and so forth.
Term Insurance is the most basic and popular form of Life Insurance. This is primarily because, it comes with the assurance of money in case of the untimely death of the person insured. At any...
Term insurance is an insurance cover taken for a specific period of time. During this period, if the insured person dies, the sum assured is paid to the beneficiaries who are ideally family members in most cases. The sum assured is the amount of cover which the insured person wishes to choose at the time of buying the policy. The benefit under the plan is payable only if the insured person dies. If the insured person survives after the plan completion policy period, they will not receive any...
There are various options for investors to multiply their money. The investment portfolio should be chosen to take care of your short-term and long-term needs. You can choose an insurance plan that offers tax benefits, risk coverage and corpus building potential. The number of policyholders opting for Unit Linked Insurance Plans (ULIPs) is increasing at a consistent pace. There are plans with a single premium and regular premium options. Hence, investors can choose right avenues as per their...
Without exception, every parent out there would agree that the joy of having a child is unmatched! And to want nothing but the best for your little one comes naturally to you.
Out of all their other needs, In today’s day and age, ensuring best education would be on the top of your list. Good education will not only secure their future, but also go a long way in shaping their characters and making them responsible and civilised citizens who are an asset to the society.
Most parents would...
Insurance companies take multiple factors into consideration before determining how much premium an individual should be paying. A premium is the amount of money that an individual is required to pay to get a financial coverage from an insurance company. While a lot of those factors can be controlled by the policyholder himself, some cannot be controlled in any way. If you control the factors that affect premiums, you are lowering your chances of being a high-risk investment and...
Short term trading can be very profitable but it can also be dangerous with high risk. Short term trading can be for few minutes or can long as several days. In order to succeed at short term trading investor must be aware about rewards and risk of each and every trade on which they are investing. they should not only have the knowledge of how to choose good short term trade, but also how to protect that trade from risk. this article will provide information about how to select good short...
Strategic planning is a management process designed to set the organization on a path to successfully achieving future goals. Strategic planning ensures the organization's human and operational resources, energy and stakeholders are properly focused on achieving goals and objectives, and able to adjust to a changing business environment as needed. It requires imagining a successful future. That is difficult for some business leaders because they have difficulty thinking in new ways and with new...
Unemployment can be the worst time that enters a person’s life. When at one point you are going through the troubles of finding the source of funds, on the other side, your needs seem like coming to no end. Some needs and requirements are negligible and can be cut off but it is difficult to even think of cutting certain things off from the list. Like, would you stop eating when you are unemployed? Certainly no, right? These are the needs one cannot eliminate from his day to day life in...
Whether you’re preparing for a product launch or a promotional activity for your company, it is a great idea to have your plans and ideas well organized. PR pros will tell you that a well-written PR plan is far more effective than any form of advertising. In fact, public relations falls in the bracket of marketing but differs from advertising in that you do not pay for the coverage that results from your PR efforts.
Public relations is among the least expensive and the most reasonable...
India spends about Rs. 2.95 lac crore on its defence. A projected expenditure of Rs. 50 lac crore is to be incurred for developing the country’s infrastructure, and approximately Rs. 28500 crore is spent on life improvement and social uplifting schemes annually. But, where do you think the money, in such mammoth figures, comes from? The answer wraps up in one word – Tax. However, considering the importance of the tax there are still only a handful of people that are actually...
Every new year, most of us think of taking a new year resolution and every time we fail to achieve it. Just like us, investors also make resolution in the tax-saving month of march. The last minute struggle to find the best investment option frustrates them so bad that they swear to plan their taxes at the beginning of the new financial year. Just like new year resolutions, their plan also goes in vain. But here is an exciting scheme for such investors that will compel them to start planning...
Successful parenting is not an easy task and is a challenging accomplishment that you need to do during the course of the life of your child.The best gift that you can give to your child is a bright education and in today’s time, the child’s security lies in financial planning. In the same context, you can avail a child education plan to secure your child’s future. This short post will discuss the some of the major benefits of a child education plan.
1) Maturity benefit for...
Categories: Arts & Entertainment
, Book Reviews
, Fashion & Design
, Home Improvement
, How To's
, Real Estate
, Self Improvement
Copyrights © 2019 Voticle. All Rights Reserved.