Sentences with phrase «buying life insurance cover»

Hello Rohan, If an individual smokes and / or drinks, the life insurance company will not reject the claim, if the individual has disclosed all facts honestly at the time of buying the life insurance cover.

And, if you're the only bread - winner of your family and fall under this tax slab, then it is high time for you to think of buying a life insurance cover.

The primary reason behind buying a life insurance cover is to provide financial support to your family when you are not present.

For example; if one is buying a life insurance cover for a long term and will be paying the premiums for longer duration, hence, they will pay lower amount of premium.

Looking to buy life insurance cover, there are few critical variables which might help you narrow down on the best choice.

You pay a nominal premium every year for a certain period of time to buy a life insurance cover, and in case of your unfortunate death during this time, your family is paid the amount promised to you by your insurer.

Not exact matches

Legions of less affluent collectors, Ferguson finds, gather up Lincoln stamps, playing cards, ashtrays, or even matchbook covers from «the Lincoln Life Insurance Company circa 1950, which you can buy, according to the book Collecting Lincoln, for a mere six dollars.

Some people buy term life insurance as a supplement to a whole life insurance policy, to cover specific financial needs, such as a mortgage or college tuition.

If you do not have adequate life cover, kindly buy a term insurance plan and then discontinue this plan.

Dear Suman, If your requirement is life cover, kindly buy a term insurance plan (if you do not have one) and you may surrender this plan.

Perhaps you only bought life insurance to cover your mortgage, and having paid it off after 20 years, you no longer need life insurance.

Life insurance can be bought either as a permanent life insurance policy, covering your entire life (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of tLife insurance can be bought either as a permanent life insurance policy, covering your entire life (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of tlife insurance policy, covering your entire life (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of tlife (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of tlife insurance policy, covering a given period of time.

A second strategy is to buy a life insurance policy to cover the estate taxes.

A simple rule of thumb is that you should buy enough life insurance to cover all major upcoming financial obligations, assuming your family also had access to your liquid assets.

Buying life insurance is great for providing funds to cover lost income, to pay bills and it can help cover the costs of a funeral and burial.

Many people buy life insurance simply to cover their burial and funeral expenses.

Dear Kapil, Suggest you to buy a Term insurance plan with adequate life cover and then discontinue these policies.

Dear Sham, 1 — Your high priority action item is to buy an adequate life insurance cover.

Frank planned ahead and bought enough life insurance to cover the potential costs of settling his estate, including taxes, fees, and other debts that his estate would have to pay.

Plan ahead — buy enough life insurance to cover the potential costs of settling your estate and to ensure that the assets you leave to your survivors aren't less than you intended

Luckily, she paid for a critical illness rider on her life insurance policy, which gave her enough money to cover her hospital bills and buy a new bike.

If you want to save some taxes, and do not have sufficient life insurance cover then you may buy a good Term insurance plan.

Keep in mind the major reason you buy life insurance is to cover the financial effects of an unexpected or untimely death.

4 — If you have dependents and / or have financial liabilities / obligations, you can buy a Term insurance plan with adequate life cover before discontinuing the above two life insurance policies.

Suggest you to buy an independent term plan with basic life cover + a stand - alone Personal Accident Insurance plan.

Kindly note that if your requirement is life cover, you can buy a Term insurance plan (if you do not have one) and discontinue these policies.

One can also consider splitting of term insurance policies ie buying additional cover depending on the life stage.

However, if you don't have your own savings or enough cash to make mortgage payments until you can sell the house — or if you and your child live in the home you've purchased together — it might make sense to buy a life insurance policy for your child to cover the remainder of the mortgage should they die.

When considering buying a life insurance policy to cover cosigned student loan debts, you just need to ask two questions:

Term life is the the right kind of life insurance for most people, and it's kind of policy you'll want to buy to cover a debt like student loans.

Previous installments have covered housing payments, emergency funds, asset allocation, buying your employer's stock, and life insurance.

Add Critical Illness Cover at an extra cost when buying life insurance for added protection.

To conclude on the amount of life insurance policy you should buy, I will say that you should endeavour not to go below the amount that will cover your funeral expenses, repayment of your outstanding mortgage or other loans and your family living expenses.

This article covers the specifics of an AD&D life insurance policy rider, such as what it is, how it works, how it can be purchased, and why you should consider buying one.

The FDIC does not cover money invested in stocks, bonds, mutual funds, life insurance policies, annuities or municipal securities, even if those investments were bought from an FDIC - insured bank.

You are Here: Moneycontrol Live TV CNBC TV18 Latest Videos How much life insurance cover you should buy

Most people buy term life insurance to cover their working years, or any term between ten years or thirty years.

But a majority of Life Insurance covers in India are bought more for investment or tax saving reason instead of protection.

Not all employers offer life insurance so if you have a family we recommend you buying an individual life insurance policy as well so you can always be sure you're covered.

If you do not have any life insurance cover, suggest you to buy a term insurance plan immediately (if you have dependents / financial liabilities).

If your requirement is to get adequate life insurance cover, kindly consider buying a Term life insurance plan.

When it comes to buying life insurance to cover student loans, you are correct in that it is not a necessity.

If you do not have adequate life insurance cover, suggest you to buy a Term plan cover at the earliest.

My dad bought a term life insurance policy thinking he was covered — but he was wrong.

You can pay extra to add «riders» to your policy to cover items on the exclusion list, and if you live in an earthquake - prone region like B.C., there's a case to be made for buying earthquake insurance separately.

If you're an employee you may already have life cover, as most super funds offer default cover that is often cheaper than buying it separately through an insurance company - so this should be the first place you look.

Kathy and her husband, Joe, bought a new house so they decided to check if the life insurance and income protection insurance they had through their super funds were enough to cover the mortgage repayments if either of them died or couldn't work anymore.

For life cover, one can buy a Term insurance plan.

Buying a term life insurance policy would provide your loved ones with a death benefit (paid to your named beneficiary upon your passing), which would help cover the costs that you normally covered.

A term life insurance policy covers you for a specified period, depending on the term length you chose when you bought the policy.