Differences Between Term Insurance And Whole Life

| March 6, 2018

For many people, life insurance is a great way to create a financial plan for their loved ones in the event of the death of a family head.

A life insurance policy is an agreement between the insurance company and the insured, providing the financial benefits for 

the survivors, in exchange for financial payments (premiums) while the named insured is still alive.

 

 

A life insurance policy can be taken out by the named insured or by another person who has permission from the insured. In business, for example, an investor can have their financial risk guaranteed by life insurance in the amount of the investment. In the event of the death of the insured named before recovering the investment, the investor collects the amount of the life insurance policy.

Family members and close friends can also purchase life insurance policies from others, as long as they have the permission of the insured.

One of the few cases in which a person can take a life insurance policy from another person, without consulting the guaranteed, is in the position of a parent of a life insurance

policy for a child under the age of consent.Life insurance is perhaps the simplest version of life insurance in which the insured pays the premium, and the beneficiary (s) keep the financial benefits.

Temporary life insurance is purchased for periods of one year up to 30 years 

and can be advanced until the age of 75 when the premium would substantially increase upon renewal of the policy.

Whole life insurance is not as simple and easy to understand as term coverage. One of the aspects of the whole life pays the financial benefits to the survivors, but another element creates an investment

component. The partially funded premiums go to a death benefit account and in part to what is known as a cash value account. The actual value of the policy may also increase over time as insurance

companies invest the part of the cost in cash. Since the policy matures, the cash value increases and the policyholder is allowed to make it useful or borrow against it.

Life insurance has a payment value that remains constant during the life of the policy while the whole life insurance may vary based on the results of the cash value account.

Life insurance has cash value, while life insurance has a component that allows the policyholder to collect the policy for the cash value.

Life insurance premiums are low cost, while the whole life insurance premiums are much higher, especially at the beginning.

Insurance policies include life premiums Both term and all, and both salary benefits to survivors in case of death of the insured.

Premiums for life and life insurance can increase. With term life, the premium usually increases as the insured grows older.

With all life, the premium increases to maintain the same value for the benefit of the policy.

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What Is The Cheapest Car Insurance?

| March 5, 2018

The arrival of good weather and the approval of the eighth Pieve Plan contribute to the reactivation of the automobile sector.It is expected that in the coming weeks increase vehicle sales considerably, so we give you the guidelines to choose the auto insurance San Antonio that best fits your budget and your driving habits.

Every year, with the arrival of good weather, car sales increase. If in addition to the climatic circumstance is added the fact that the eighth edition of the Pieve Plan has just been approved, to encourage the renewal of the fleet of vehicles in Spain, everything suggests that in the coming weeks more cars will be sold.

One of the things that must be taken into account when buying the car is that it is mandatory to have good insurance. Whether you are going to launch a vehicle or if you already have it, but you are looking

for a cheaper company, pay attention to our comparison with the cheapest insurance in the market, because it will possibly help you choose the one that best suits you.

When choosing insurance for your car, there are a couple of things you have to keep in mind: you must analyze the coverage and verify that what the company offers you adapts to your needs. And all this, without forgetting the price, the determining factor.

In Our Classification, we analyze which are the cheapest policies to third parties, to third parties extended and to all risk, so that you find the one that best suits your profile at the best price. We have analyzed the market by establishing two patterns:

Profile 1: the driver of 35 years, resident in Madrid, married and without children. It is administrative, obtained the card at 18 years and has a Volkswagen Golf 150 HP of 2012. The car is stored in the garage and makes a journey of fewer than 12,000 kilometers a year. He has been insured for more than ten years and has a good record of accidents.

Profile 2: the driver of 50 years, resident in Madrid, married and with minor children. He works as an administrative officer, got the license at 18 and drives an Audi A4 of 177 HP in 2012. The car is stored in a garage and carries out an everyday journey of fewer than 12,000 kilometers a year. It has insurance for more than ten years and has a good record of accidents.

The most interesting option for the driver of the first profile is the Direct Insurance product. Its price (151 euros) is the lowest in the ranking and, also, it is a complete product, as it offers travel assistance and legal defense.

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Infallible Tips To Sell Medical Insurance

| March 4, 2018

Start Prospecting With Your Acquaintances

This is highly recommended since you most likely already know the specific concerns and needs of these people in the field of health.

It may be that your acquaintances are not those who need medical expenses insurance, but you can question them about knowing someone who may need it:  a friend, neighbor, acquaintance, etc. This will help you to create a network of contacts that will be very useful.

Be Tactful With The Subject Of Health When Talking About The Benefits Of The Product

It is essential that when offering the product, the clarification is made that it does not cover conditions before contracting the policy.

Also, we must be careful when talking about the health problems of your prospects, because when a person shares information about these types of issues can become sensitive.

Find People Who, Because Of Their Life Stage, Are More Likely To Buy You

  • Some of the people who will be more inclined to purchase medical insurance are those who are currently healthy but who, due to their family or work situation, can foresee that someday they will need medical attention.
    • Friends who are expecting a baby or already plan to have one.
    • Newlyweds who want to protect their partner from possible problems in the future.
    • Some acquaintance with children who want to protect their health.

Highlight The Most Important Benefits Of Insurance

It is essential that you disclose all the interests of your product to your prospect to make an informed decision. We recommend you to emphasize the following advantages:

  • The peace of mind that in times of health crisis you can receive the best level of care in private hospitals.
  • In the case of pregnant women, with plans of or of childbearing age, mention that it covers the medical expenses of the birth of the baby.

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