AEGON Life iTerm Plan: iTerm is a pure life insurance policy. A term can plan that can be purchased online without any hassle. It offers high life coverage at low premiums. Plan details: iTerm plan can be opted up to the maturity age of 75 years Offers five different types of optional ...
Term Life insurance is a very common form of life insurance and provides a lump sum payout if you die in the course of the policy duration or if you suffer from a Total Permanent Disability. Known also as pure life insurance, it is priced affordably so that anyone can apply for it at...
Once you've gotten married it becomes even more important to have life insurance, particularly if you and your spouse are accustomed to splitting the bills. You don't want to leave your partner short-changed should something happen to you. The same concept applies to having children. It's o...
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 ...
If you don't want to take a medical exam, consider a no-exam life insurance policy. Choose one or more beneficiaries When you buy a policy, you need to designate the people – children and a spouse or partner, for example – who will receive the death benefit. These are known as your...
Alternatively, you may choose less coverage if your spouse has sufficient income to reduce the needed coverage. 2. Pick a policy type – term or permanent Aside from the decision to purchase life insurance, the next most important consideration is the type of policy you’ll choose. ...
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...
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...
Life insurance beneficiaries— who could be your spouse or dependents, for example — can use the money to cover their financial needs, whether that’s paying household expenses or covering debts. Who needs life insurance? Here are a few examples of people who may need life insurance...
“It’s not life insurance to take care of the family,” Thornton says, adding it allows the estate tax to be covered without buying insurance for both people. The insurance money upon the second spouse’s death could be useful in paying estate taxes, because the family business or family...