Sentences with phrase «suggested life insurance amount»

Not exact matches

Iam suntosh Siingh, age 24 yrs, plz suggest me term insurance, i alrdy hav a lic but assured amount is low plz suggest me some life insurace plan and investment plan current portfolio icici value discovery 2000 lic nomura - 1300 recently started mirrae emerging mutual fund 5000 money back lic - 1600 lic jeevan anand - 600

The rule of thumb suggested by most experts is that the minimal amount of life insurance should be equivalent to between 5 and 10 times your current gross annual income.

You'll find that many industry insiders suggest that the amount of life insurance coverage you should buy should be five to ten times your annual, pre-tax, income.

Also known as mortgage life insurance, decreasing term insurance is what its name suggests: throughout the life of the policy, the amount of death benefit protection decreases at a predetermined rate.

«Rule of thumb» suggests an amount of life insurance equal to 6 to 8 times annual earnings.

That's up to you to decide, but most experts suggest that minimal amount of term life insurance you should carry, especially for the purpose of income replacement, should be 10 times your net annual salary.

As the names suggest, term life insurance covers only a specific amount of time, while permanent life insurance offers lifetime coverage.

«We had decided to suggest that the individual purchase a whole life insurance policy as he wanted to increase the amount of safety in his life.»

Most agents suggest a multiple of 7 -10 times income as a general guideline for determining a life insurance amount.

But keep in mind, any amount of life insurance is better than none, so if the needs analysis tool suggests more than you think you can afford, slide the dial down until it fits your budget and buy that amount for now.

The Basics: As the name suggests, term life insurance policies offer coverage for a specified amount of time, typically anywhere from one to 30 years.

As its name suggests, however, term life insurance is offered for a specific amount of time — or «term» — such as ten years, 15 years, 20 years, or 30 years.

Term life insurance, as its name suggests, can be purchased for a certain amount of time, or «term.»

With younger clients we almost always suggest a 30 year term for the simple reason that, well, when we're young we really aren't sure what our long term needs are for life insurance and 30 years is a pretty prudent amount of time to get a handle on that.

As its name suggests, term life insurance is offered for a set amount of time — or «term.»

Iam suntosh Siingh, age 24 yrs, plz suggest me term insurance, i alrdy hav a lic but assured amount is low plz suggest me some life insurace plan and investment plan current portfolio icici value discovery 2000 lic nomura - 1300 recently started mirrae emerging mutual fund 5000 money back lic - 1600 lic jeevan anand - 600

A: «Rule of thumb» suggests an amount of life insurance equal to 6 to 8 times annual earnings.

Although an insurance agent's license is threatened by suggesting that whole life is an investment vehicle or even a good saving the amount of return on some of these policies, with some of the better companies, certainly makes the whole life policy look pretty good.

Additionally, depending on the amount of coverage that you're looking for, we might also be able to suggest some alternative life insurance products that won't require one to answer any health questions or submit to a medical exam if it looks like your application would be denied by such «types» of policies.

I will suggest you to buy a term insurance plan on your own life and to build an investment fund for your child's education and marriage investment the remaining amount in 1) PPF if your risk appetite is low 2) Balanced mutual funds if your risk appetite is medium 3) Diversified equity funds if your risk appetite is high

As its name suggests, term life insurance provides coverage for a certain amount of time or term.

While I suggest you to consider taking term insurance which comes with very less cost and high coverage, there are other options like endowment policy or whole life insurance policies where you need to pay good amount for small coverage, but you would get money at frequent intervals or at maturity.