Life Insurance- Guaranteed Approval Policies for Everyone Life insurance isn't easy to get. People who are young and healthy can get approval almost anywhere and for almost any type of policy. However, people who are older or have even mild health problems will likely find it hard to get coverage at an affordable price. Some people cannot get life insurance at all, which makes it difficult for them to plan their future and pay for...more
Life Insurance- How to Choose the Right Type of Coverage Buying life insurance is not an easy task. You can't just run to the store, grab a policy, and go. You have to think about your needs, look at different coverage options, and make sure that you get a life insurance policy that is specifically created for you to give you the coverage that you deserve. Not sure what you need? Here are some tips to keep in mind when choosing...more
Insurance Comparison & Buy Portal Framework With the increasingly competitive and crowded insurance sector in India, insurance companies are driven to increase their mind share among customers and improve the value proposition they bring to their customers. Insurance companies are reaching out directly to their customers and partners using the new channels afforded by the spread of the internet, integrated technologies and the increased band-width available. A well designed and implemented portal provides a single point of access to diverse sets of information and applications. These characteristics impose requirements on the network architecture, content management, database connectivity, application communications, and security infrastructure. Due to this, portal initiatives are complex and it becomes important to thoroughly plan the portal initiative.BENEFITS OF WEB PORTAL1. Increased sales through an additional sales channel2. Increased reach through an additional customer touch points3. Improved customer service and productivity through the convenience and accessibility4. Reduced cost due to the introduction of...more
Life Insurance- How the IRS Defines it for Tax Purposes Understanding life insurance is not at all difficult, but understanding the premise of life insurance policies as the IRS does is a little more complicated. In 1984, as more people began using life insurance policies as an unlikely investment option, the IRS sought to create a...more
Contents insurance: How could you live without it? This article is based on my research and does not constitute financial advice. I have included links to http://www.lloydstsb.com as I feel they may be helpful to the reader for general information purposes only. If you're currently weighing up the pros and cons of setting up a home...more
Life Insurance Death Benefits- What You Should Know about Taxation Almost every life insurance policy has death benefits paid at a tax-free rate. That means that if you have $200,000 in benefits, your beneficiary will receive this money without having to pay taxes on it, giving them more money in their pocket. Of course, there are rules regarding how much life insurance can be paid out based on the policy type and certain limitations of coverage, and the IRS clearly defined those rules in 1984 so that people could get more out of their life insurance coverage and the IRS could get taxes where they were due. For single premium insurance policies, which are policies that are paid for with one premium up front for guaranteed coverage until death, there are very strict rules about taxation. The policy needs to meet a cash value accumulation test, which basically will prove that the cash surrender amount of the policy doesn't exceed the net premium that was paid to fund the policy. That means that if you have a cash value in your policy of $45,000 and you only paid $30,000 for the coverage, you may be subject to taxation of the policy. This can be corrected by insurance...more
Life Insurance Quotes- Five Reasons to Get Quotes Online There are plenty of different ways that you can go about getting life insurance quotes. A lot of people like to go about things the old fashioned way because it makes them feel...more
Accident Claim Trap (ACT). ACT Against It - Truth About Insurance Companies It's on the rise but unfortunately insurance companies are trying to deploy various tactics to avoid a person involved in an accident using a personal injury...more
Life Insurance Taxation- Information You Need to Know Before You Buy Life insurance and taxes are something that a lot of people know very little about. This usually comes from the idea that most people have that insurance is tax-free....more
Permanent Life Insurance- Disadvantages of this Policy Permanent life insurance, also known as whole life, is insurance that provides coverage from the day of the first premium payment until their death, provided that premiums remain...more
Home improvements and buildings insurance This article is based on my research and does not constitute financial advice. I have included links to http://www.lloydstsb.com as I feel they may be helpful to the reader for general...more
Survivorship Life Insurance- 5 Things that Should Be On Your Policy Survivorship life insurance is a great product for people who are significantly wealthy, who own businesses, and who live in dual-earner families where life insurance...more