impacted by your death. This is usually a spouse or partner — but can be another trusted adult. If you have children, it’s best practice to list their legal guardian as the beneficiary andset up a trust, instead of naming them directly. Life insurance proceeds can’t be paid out to ...
Types of Life Insurance Policy Term Plan Term Life Insurance The salient features and benefits of term life insurance plans are: For term insurance policies, the beneficiary can avail the lump sum only if the policyholder dies during the policy tenure. After the maturation of the policy, the ...
If your spouse or partner relies on your income, your death could leave them without a way to support themselves. The payout for a life insurance policy can help them cover living expenses and pay off debts like a mortgage so they can maintain the lifestyle they’ve become accustomed to. ...
life insurance can be used to replace some of the savings you may have lost during these turbulent economic times. The tax-free death benefit could be used to provide income to your spouse and family, pay off mortgages
This super top-up plan by Niva Bupa allows you to cover yourself, your spouse, and up to 4 dependent children. Also, you will get coverage for mental disorder treatment. Why Do We Recommend This? Health check-ups are available from day 1. Secure your family against uncertainties with perso...
Life insurance acts as a financial safety net for your family. If you die while it’s active, your insurance company pays a sum of money to the people you’ve named in your policy. This money, known as the death benefit, can help your beneficiaries replace your lost income and cover ex...
How much is my life insurance policy worth? How much life insurance coverage do I need? How much life insurance do I need for my family? How much life insurance does a single person need? How much life insurance should I buy? How much should I pay for life insurance? How much term ...
Tax Benefits Under Buying Health Insurance Policy ELIGIBILITYEXEMPTION LIMIT For self, spouse, and dependent childrenUp to INR 25000 For self +spouse + dependent children + parents below 60 yearsUp to INR 50000 For self + family + parents above 60 years (the eldest member other than the parent...
Because my dad was a do-it-yourselfer, like many WCIers. However, he did need the occasional friendly swift kick and a point in the right direction. There was an agent giving guidance or advice showing him why having life insurance was important to my mom, me, and my three younger sis...
Funding options for buyouts include installment payments, life insurance policies, business reserves, or external financing. Legal and tax implications must be considered to ensure compliance and prevent unnecessary liabilities. Seeking professional legal advice when drafting a buyout agreement is essential ...