country. However, the new options in today’s life insurance policies may make them a better fit for both the coupled and the single. I bought my first policy long before I met my handsome husband. Life insurance can be a great way to play catch up for those behind retirement savings. ...
LIFE insuranceINSURANCE fundingFREELANCERSECONOMIC impactBABY boom generationReduction of the public pension system generosity should encourage all future retirees to accumulate private retirement savings. They have many options in this area, both dedicated pension program...
For this reason, life insurance for over 50s is very popular amongst those who’ve reached retirement. This insurance policy will guarantee that your family has the money they need in the event of your death, or it can help you leave a thoughtful gift to those you love. But do you rea...
“BEA”), being registered with the Insurance Authority as a licensed insurance agency, act as an appointed licensed insurance agent for AIA. The above life insurance plans are products of AIA but not BEA. All benefits payable under the above insurance plans are subject to the credit risk of...
the insurance company will pay the sum assured (plus the bonus, if any) to the nominee of the policy. Besides, it is also useful to secure yourself or your family post-retirement or to meet various financial needs such as funding for children's education and/or marriage or buying a house...
A LIRP is not a product in itself, but a tax-advantaged savings strategy. We demystify the life insurance retirement plan (LIRP).
Life insurance is a contract between an individual and an insurance company, where the individual pays regular premiums in exchange for a payout to beneficiaries upon their death. A retirement plan, on the other hand, is a savings and investment strategy designed to provide income during retiremen...
Myth 7: I don’t need life insurance since my savings is at a comfortable amount. Fact:The national mediancost of a funeralwith a viewing and burial is $8,300, according to the National Funeral Directors Association. Your savings were likely for retirement, so your loved ones may have to...
Given these costs, term life insurance can be a useful retirement savings tool in two ways. First, it provides the basic financial protection a family will need if one of the breadwinners dies before accumulating enough savings for the family to live on. Second, the relatively low price frees...
If you're about to enter retirement or are already there, you may wonder whether you still needlife insurance. This question is more pressing if you lost employer-provided life insurance and you're wondering whether tobuy a new life insurance policyfor yourself. You could need life insurance ...