Critical illness coverPayment coverage in an accident caseRedundancyUnder the above circumstances, a salaried or a non salaried class may face financial hardship. Need to cover your monthly expenses along with your mortgage payments, store card bills or credit card payments will scare you to death. Stress accompanies your financial problems and psyche up an individual. Unable to handle the situation, one may resort to killing oneself. To avert...more
Host of benefits from a payment protection insurance are:Income tax exemptionCompensation when your financial routes have closed downA financial relief when you are stressed outA financial succour to pay up your medical bills and helps recover fast Protects you from the implications of economic downturn or recessionDid you ever think of a condition when you are out of employment due to recession, sickness, unemployment or redundancy? You would...more
Recession or economic upheaval may ruin your career. You may be thrown in a state of despair where you are unable to face the situation. Inability to handle a financial catastrophe may lead to further complications. If you are financially committed to a mortgage lender, then you may have to default on mortgage and risk your collateral. Your medical bills are due and youre finding it hard to get hospitalized. Inadequate medical care and lack of funds may further deteriorate your physical and mental health.Not being prepared to face an inevitable situation is a disaster by itself. Therefore, take wise decision and have an adequate policy in place. Be prepared for a financial disaster and know which cover suits you the best. There are plenty of choices open before you. You just need to know what are the aspects you need to cover. Is it the income or your mortgage payments that you need to cover in particular? If you are uncertain about your mortgage payments, then you better opt for mortgage protection insurance. Your insurance company will safeguard your mortgage payments in case you were to fall ill, face redundancy, meet with an accident or other eventualities.In addition to...more
Based on what are your monthly outgoings, you need to arrive at a suitable policy coverage for you. Jot down your monthly outgoings such as your store card bills, credit card bills, mortgage payments, mobile bills, food bills, power bills etc. You will then be able to decide better which coverage encompasses all these categories. An income...more
You may have contemplated for long on the right policy for your income protection. Income protection policy would be the apt policy for you. If you are uncertain about your employment and want to safe guard your monthly earnings, make use of income protection. Your hospital bills, household bills, store card and credit card dues may be held back...more
Steps to be considered before signing up an insurance policy for yourself. Consider factors that you need the coverage for and compare various policies that best suits your circumstances. Gain a clear understanding of the terms and policies before you start of with the procedures. Deferment period: You must know that there is a deferment period in a redundancy protection policy. Deferment period is the duration you need to wait till you make a claim from the insurance provider. If the period of deferment is longer, the insurance premiums you need to pay is smaller. You may have to wait for a month or two before you can actually make a claim. It is better you find out from your insurance advisor what is the deferment period on your policy.With recession, economic downfall is inevitable. Most of them lost their jobs and to manage their basic expenses was difficult. Hence, it is indispensable to check out with your insurance advisor on the policy options that he can offer to you. Experts opine that investors who have a long term financial need opt for a leveled premium. Such a leveled premium provides payment on a consistent basis.A redundancy policy is as important as a life...more
If you own a iPhone or a ipad then you must be sure that you take all necessary precautions to keep these devices protected and secure. You most likely go to great lengths to be sure that you treat these devices with respect and that you dont...more
If you have ever wondered what your workers' comp adjuster does in a day, please read this fictional, but true-to-life account of an adjuster's typical day. Let's take a look at what a typical adjuster does during the day and reflect on...more
Consider a trip to Paris during the summer without a hotel booking, this is how people feel when they are just about to check into a flight before realizing that they should have gotten insurance coverage earlier. An insurance executive and also a...more
Choosing the best car insurance could really be a daunting task and getting it for the first-time will just make it twice as hard as it really was. Good thing is that, certain tips and tricks are available to help you out. If you are a...more
There are many benefits to buying your insurance online. One nice thing about it is that you can print off your proof of insurance right online. You don't have to wait for it to come in the mail or have it faxed somewhere to go pick up....more
Buying your own health insurance makes sense both financially and personally. Health insurance can protect your financial assets in case you develop a medical problem that is expensive to treat. Additionally, purchasing private...more