Not exact matches
Final expense
insurance is a type of life
insurance that is designed to cover funeral costs and other end - of - life expenses,
though the death benefit technically can be used for any
purpose.
Also remember that this is a single
purpose book — retirement,
though they have some good sections on
insurance and investing.
Aaron Street: Yeah, I guess rather than an analogy to cars I think maybe a more useful way of thinking about this is more like an
insurance sales person or even more a financial advisor, wealth manager, where you are engaging them for the
purpose of giving you advice and it turns out that their business model,
though it involves giving advice, also includes things like selling you product and this isn't to denigrate law firm IT consultants, or tech consultants in general, it's just to make sure that people are aware of how their business model works and then to make sure that you're using them in a way that acknowledges that.
Though being offered by
insurance companies, these plans should be considered, if at all, for investment
purposes.
I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) under either Fully or Partially Blocked category, any call made or SMS sent in response to my request shall not be construed as an Unsolicited Commercial Communication even
though the content of the call may be for the
purposes of explaining various
insurance products and services or solicitation and procurement of
insurance business.
I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made or SMS sent in response to my request shall not be construed as an Unsolicited Commercial Communication even
though the content of the call may be for the
purposes of explaining various
insurance products and services or solicitation and procurement of
insurance business.
This is very insightful article on unnecessary
Insurance policies, like many others I was also trapped in this when I was new in investment filed (in 2007), I bought 2 ULIP plans, I realised in 2010 that ULIP plans are waste and I stopped investing in any more plans, and started building my MF portfolio through SIP, also invested in stocks for long term, and PPF and SSA scheme for tax
purpose, but I have not discontinued by ULIP as whenever I think of doing this I feel that I am getting decent returns (
though I don't need ULIP for Tax savings now) and I have already taken sufficient Online Term
Insurance plan from ICICI Prudential, details of my ULP plans is given below, please suggest if I should continue or make it paid up:
In the case of burial
insurance,
though, these policies are typically obtained for the key
purpose of paying off final expenses.
Final expense
insurance is a type of life
insurance that is designed to cover funeral costs and other end - of - life expenses,
though the death benefit technically can be used for any
purpose.
A certified driving record and non-certified driving record will contain the same information,
though a non-certified driving record is not legally admissible for jobs, court cases, or
insurance purposes.
Even
though the death benefit is not income taxable to your beneficiary, the amount of the death benefit is added to the gross value of your estate for estate tax
purposes unless it is owned by a life
insurance trust.
It sounds as
though you are looking at your
insurance policy as a financial tool or even an entry into playing the markets, but that is not the primary
purpose of life
insurance.
For modified car
insurance,
though, companies take into account how your car is customized and for what
purpose it is personalized.
So even if this guy has diabetes, has had two heart attacks and colon cancer he is still preferred best for conversion
purposes even
though he wouldn't be able to buy a new life
insurance policy.