Here in insurance we have a number of different kinds of life policies. The choices we have are vast which results in confusion while choosing which kind of policy one wants. Here when one is faced with a greater number of choices greater is the chance he will make the wrong one. So how are you going to make the right decision? Will you be just another face in the crowd…If not read about Insurance Planning at IndianMoney.com.
So what is a term life policy? This is mainly a life insurance policy which provides coverage at a fixed rate of payments called the premium for a fixed duration or a time limit. Here term life insurance is a pure insurance policy where 100% of the cost of premiums is applied for the cost of insurance. If you find this information useful you can explore our unique Free Advisory Service just by giving a missed call on 022 6181 6111 for your Insurance and Financial Planning needs.
Then what is Whole Life Insurance? Here the insured can opt for a single premium or regular premiums which have to be paid lifelong. This policy is valid for the whole life of the user. This is as long as the policyholder is alive. Here the sum of money is accumulated and the bonus is paid to the beneficiary on the death of the policy holder. The policyholder is not entitled to any money during his own lifetime. Whole life policy combines a term policy with an investment component. The policy builds cash value which one can borrow against. However here one must remember that whole life policies are expensive as the premiums charged also include the investment component , which has to be paid out on the death of the policy holder. Generally the premium for whole life insurance remains constant during the entire term of the policy and the policy holder gets life cover throughout. The premium terms differ, ranging from single premium payments for a whole life policy and there are riders such as accident benefits available on whole life insurance We know that human tendency is to admire complexity but reward simplicity .We aim to simplify your needs by asking you to look up the website IndianMoney.com for your Insurance Planning needs.
Here life insurance is very essential to protect ones dependents. If a person dies prematurely then his homemaker wife might not have the necessary funds to purchase the groceries. Here all financial advisors advice you to go for term insurance. But why do they do this….Is there any logic in this…On a Lighter Note I Want To Show You The Way Out..Which Way Did You Come In…
We all know that it is hard to read the label when one is inside the bottle. Insurance agents put us in situations similar to like being in the bottle. It is up to us not to fall prey to such misleading and mis-selling practices. Here in order not to fall for such tactics it is necessary to brush up on Financial Planning and Insurance Planning .Please lookup the website IndianMoney.com for such Planning needs. On a lighter note The Winner Of A Rat Race Is Still A Rat…The Insurance agent Always wins…
Here one can continue the debate endlessly as to which policy is better for a policy holder without arriving at any rock hard conclusion. Each insurance policy has its own benefits and one should pick up such a policy based on ones needs .Here needs of individuals turn out to be different based on different circumstances. Hence one would be wise to choose a policy after through online research , based on ones needs and gain Financial Knowledge in the vast field of insurance. I would like to end this article by stating that although our time is finite the demands made on us in our finite lifetime are infinite. Here is something for you to ponder..In Winter Why Do We Try To Keep The House As Warm As It Was In Summer…While In Summer We Complained About The Heat. You can post your suggestions on various kinds of insurance policies on the website IndianMoney.com.
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