| Sabtu, 14 Februari 2009 |
| About life insurance |
Life insurance helps to make your office to be financially secure in case of his death.
When you buy life insurance that provides the way you want the policy to pay at the time of his death - this term is the sum insured. The premium you pay is based on the quantity and its age and sex.
Your payments will be based on the type of coverage you choose. There are two basic types of life insurance: term and whole life insurance coverage, and there are many variations within these categories.
Warranty period is often purchased at the same time as a mortgage, and usually covers the same period of 25 years. If you have not died in the last period, you will not receive anything in return. This is a simple element of a safe investment that protects your family by paying a lump sum if you die within a specified period.
There are various types of warranty period. Level gives the same term of payment over the life of the policy, which means that the beneficiaries receive the same amount when he died the first day of the policy, or if he died at the end of the period. Usually bought with interest-only mortgage, but the debt must be paid on the last day of the term of the mortgage.
Decreasing term assurance is that it reduces the payment of a fixed amount each year, ending in zero at the end of the term. Since the level of cover decreases during the period, the premiums on such insurance are cheaper than in politics. This coverage is usually taken with repayment mortgages, where the debt is made during the term of the mortgage.
Increasing term assurance means that the potential gains of a small amount increases each year. It is a good way to protect the original amount of the policy against inflation.
Convertible term assurance, the policyholder has the option to switch to another type of life insurance, for example, a "whole life or endowment policy in the future. I fa person does not exercise this option, you do not have to submit further medical evidence.
Instead of paying a lump sum, the income of the family gives the benefit of the policy depends on regular payments from the date when the insured dies after the policy term.
Whole life insurance includes a policy that lasts throughout their lives. This means that their dependents are guaranteed to pay each time you die. Premiums are considerably higher than for the warranty period, as they are certain to die, maintaining the policy.
There are several types of whole life policy - some offer a fixed payment from the beginning, others are linked to investments and profits related to its performance. In units of the policies are the most popular investment-related policies generally associated with the funds, with profits and policies that give bonuses.
Joint life policies are frequently revised, often after 10 years. At this point, the insurer may decide to increase or decrease your premium for the coverage offered.
Life insurance can be purchased online or in the street, through the insurance companies themselves or by some friendly societies. Many sell directly to the public. Other selling points include insurance comparison sites, banks and building societies and mortgage brokers.
Factors affecting the monthly contributions to the sum insured, sex, age and whether you are a smoker. Some companies insist on a medical examination before offering coverage, but this is not as common as in the past.
Life insurance premiums change over time, and if you have a policy that might be worth shopping around to see if you can get a better cost-effectiveness. Usually you can cancel your existing policy without penalty - but make sure you have one in place before doing so.Label: about life insurance
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posted by centerbiznews @ 17.08  |
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