Business and Finance

Who is allowed to take out a life insurance policy on my life?

The only individual who can buy a life insurance policy on your life is someone who has an actual “insurable interest” on your life. A stranger is not allowed to purchase a life insurance policy on your life.

Individuals who typically have an insurable interest on someone else’s life are family members (immediate family), employers, business (more…)

Beware these common traps made with life insurance that can reduce its value to your family … or leave you paying a bundle to the IRS.

Trap: Owning too much life insurance, too long. During the years you are working and raising a family, you probably need a substantial amount of life insurance to protect your family against the possible loss of your income.

But as your senior years approach – with y (more…)

When I asked people “have you bought yourself a life insurance or have you insured?” Most of the answers became another question, why buy life insurance? 

Buying life insurance is a protection for ourselves and our family, fate is unpredictable, should mishap falls on us we do not know. Who is going to take care of our children upon our death? Should we see them live on charity or let them live in mi (more…)

Sometimes, we tend to think about our safety and the safety of our family. We think of the future, what will happen to our family if we go? This is the very reason why we get life insurance. We want to insure our life and also our family.

Life Insurance or Life assurance is a contract entered into by two persons – the insurer and the policy owner. In this contract, the insurer promises to pay a certain sum of money (more…)

Because life insurance is so important, most people consider where they should purchase it from.  There are several options when shopping for a life insurance policy.  An individual can acquire they coverage desired via local brokers, life insurance companies or directly from the web. 

To uncover the best deals and rates requires a great deal of research.   Many sales people are hired by life insurance companies (more…)

American Life Insurance  the most trusted company which has a reputation of about 87 years. This company is one of the globally recognized life insurance companies and it has a number of branches all over the world which has a vast customer line following. American Life Insurance gives various tax benefits to all its insurance policy holders and it also takes care of all your life(more…)

Simply put, life insurance is bought to make sure your dependents are financially secure when you pass away. Premiums are paid to the life insurance company and the company takes the premium money and invests it. When the person paying the premium (the insured) passes away, the insurance company pays out that individual’s beneficiary.

Although it may sound simple, purchasing the appropriate life insurance policy is (more…)