Buying life insurance in your 20s is most beneficial. At this age, it is much easier to get a policy at highly affordable rates. If you are single, it will pay off any debts you have or provide your parents with the money they need to pay off your final expenses. If you are married and starting a family, you will be able to provide for your family’s needs, pay off any outstanding debts, and set up trust funds for your children.
Buying in Your 30s
Purchasing your policy while you are in […]
Life insurance policies mean different things to different people. Not everyone requires the same level of financial security. Understanding your needs will help you find the right policy at the right price to protect both you and your family.
The following are a few important factors that can affect your insurance premiums.
Policy Type and Amount
There are different types of policies (whole, term, as well as variations of the two). The type of policy you choose will determine the amount you pay for your premiums. Term life is usually cheaper than whole life […]
Life insurance is a policy where the provider is obligated to pay a sum of money to the listed beneficiaries after the policyholder’s death. The policyholder makes periodic payments, known as a premium, to the insurance company until his or her death. Note that not all life insurance policies will kick in after death because some have specified term periods, which will be terminated if the insured person lives beyond the insured term.
What Are Term Life Insurance and Whole Life Insurance?
Term life insurance is a policy that covers a specified term, usually between […]
The Need for Business Insurance
Running a business can be highly rewarding; however, it has its risks. There are many risks associated with running an enterprise that can hurt your business if not prevented. All businesses, whether big or small, are at risk. Small and medium-sized enterprises (SMEs) tend to be at higher risk than large enterprises. As a small business owner, if your office gets engulfed in fire or a flood destroys your property, it may be difficult to redeem the loss since smaller businesses have fewer assets to draw from. A company in the growing […]