Insurance // Posts tagged as "Insurance"
Life Insurance For Us Old Folks!
I turned 59 the other day and boy am I glad I already have my life insurance in force. Ive heard that life insurance over 60 really takes a huge jump. But wait, I heard the same thing about over 50 life insurance and that wasnt exactly true.
The absolute truth about that urban legend is that there is no magic age, one particular birthday, where life insurance rates take a leap of the unrecoverable edge. Now I can tell you that there is some sticker shock when you buy a 10 year term when youre 54 and then want a new one when youre 64. Even if your health is still good, age is not your friend.
Budget 2012-13 impact on Life Insurance
Life insurance policies which for long have been bought as a savings & investment instrument and a tax-saving tool may now be back to its original avatar. The amendments in Budget 2012-13 send out a single message – avail life insurance policies for pure risk cover.
The budget proposal has brought in some change that will affect the insurance industry and policyholders. First, all regular premium life insurance policies will be eligible to vbe exempted from income tax each year (under section 80C) only if the Basic Sum Assured is at least 10 times the Annual Premium. T
Real Words from the Real World: Flood Insurance is about Education
Last week, we talked about the difference between water damage, which is covered under Homeowners Insurance, and flood damage, which is covered under a separate flood policy. Now that we’ve cleared up some of the confusion between the two, Brightway Insurance CEO David Miller explains why Flood Insurance is an important policy to have.
David Miller cofounded Brightway Insurance in 2003 with one office and three associates, and now Brightway has 97 offices in five states and has helped over 125,000 customers with their insurance needs. D
Cheapest travel insurance: Annual policies from £12
Each year holidays are ruined by illness or robbery or even the sudden need to return home because someone else is ill.
There’s no legal requirement for you to have insurance when you travel abroad but if you find yourself in a situation like that you’ll bless the day you took a policy out.
And with competition within the industry growing fiercer, prices have tumbled. Annual policies for Europe start at 12 while worldwide cover begins from as little as 20.
Term life insurance: How to get the cheapest quote
Choosing the right way to buy life insurance can save you thousands of pounds. We explain how at the bottom of this guide, but first a few other issues…
What to buy
A range of insurance policies will pay some kind of benefit if your health suffers or you are unable to work. You can read about the different types here.
Life insurance is the cover that pays a specified sum if you die.
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