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 […]
Many people have no idea about the intricacies of life insurance. Most of them don’t even want to know because the notion of dying isn’t something anyone wants to think about. Still, it is important to consider those who will be left behind after your demise, especially the ones who may not be able to handle certain financial obligations in your absence.
Here is a list of important questions that you need to ask about your life insurance to prevent last-minute surprises.
Will life insurance through my employer be enough?
Though you may have signed […]
What Is Business Liability Insurance?
Business liability insurance is a policy that covers financial liabilities incurred such as legal defense fees and protects the financial interests of the company and its owners when they face formal lawsuits or any third party claims.
As much as the business liability insurance helps cover certain unexpected expenses, the cost of coverage is still influenced by the type of business being insured and its location. For example, if a company is located in a flood-prone region, it would probably pay more.
There are three main types of business liability insurance, and […]
The New Year is a time when many people reflect and set goals on what they want to accomplish over the next 12 months. It is also a great time to perform an annual insurance review. Reviewing your insurance is important because it allows you to see if you need to make any changes to your existing policy. Perhaps things have changed in your life and you would like to research new policies. This is especially true with your home insurance.
Here are some things to consider while you perform an annual insurance review.