Life Insurance
The concept of life insurance is relatively straight-forward. Under a life insurance policy, the insurance company pays the insured amount on the death of the person whose life is insured. The benefit can be paid to a nominated beneficiary or to the estate of the deceased.
Most modern day life insurance policies will pay the insured benefit early if a terminal illness is diagnosed and the insured person has less than 12 months to live.
Life insurance premiums are relatively affordable but can become expensive in later years.
Showing posts with label Expat Life Insurance. Show all posts
Showing posts with label Expat Life Insurance. Show all posts
Saturday, February 27, 2010
Life Insurance, Income Protection
Life Insurance, Income Protection & Disability Insurance
Specialist in Perth, Western Australia
You've worked hard to get where you are and you want to protect your family's future. But if you weren't able to continue working due to sickness, trauma or accident, would you be able to meet your financial commitments? The last thing you want to think about if faced with an unexpected death or critical illness is how you’ll keep paying your mortgage and bills.
:: DBT Financial Solutions can help
DBT is not aligned to any particular life company and can therefore offer you objective, professional advice about appropriate policies to suit your particular circumstances and salary continuance requirements. We specialise in advising on sickness and accident cover, personal risk, disability and death cover, utilising the following policy types:
- Life Insurance
- Total and Permanent Disability Insurance (TPD)
- Trauma Insurance
- Income Protection
Specialist in Perth, Western Australia
You've worked hard to get where you are and you want to protect your family's future. But if you weren't able to continue working due to sickness, trauma or accident, would you be able to meet your financial commitments? The last thing you want to think about if faced with an unexpected death or critical illness is how you’ll keep paying your mortgage and bills.
:: DBT Financial Solutions can help
DBT is not aligned to any particular life company and can therefore offer you objective, professional advice about appropriate policies to suit your particular circumstances and salary continuance requirements. We specialise in advising on sickness and accident cover, personal risk, disability and death cover, utilising the following policy types:
- Life Insurance
- Total and Permanent Disability Insurance (TPD)
- Trauma Insurance
- Income Protection
Thursday, January 28, 2010
Individual Health Insurance
Individual Health Insurance
When shopping for individual health insurance it pays to shop around and get multiple rate quotes from different companies. Price is the most confusing aspect of the individual health insurance market. For instance, the premiums for similar products from different insurers can vary by as much as 50 percent for the same person. In addition, the rules and regulations about individual health insurance vary from state to state, making comparison-shopping a challenge for the consumer.
Choosing individual health insurance is going to be a balancing act between cost and coverage, as well as your philosophy of care.
Finding the right balance of coverage and cost can be tough, but it's a necessity. So take your search one step at a time. The first step is to evaluate your needs and understand your health-insurance options.
Among your choices, you'll find that the individual health market offers the same plans as the group market, including HMOs, PPOs, point-of-service plans, and traditional fee-for-service arrangements. Your budget, physician preferences, and health requirements will all have a hand in deciding which type of plan is best for you
When shopping for individual health insurance it pays to shop around and get multiple rate quotes from different companies. Price is the most confusing aspect of the individual health insurance market. For instance, the premiums for similar products from different insurers can vary by as much as 50 percent for the same person. In addition, the rules and regulations about individual health insurance vary from state to state, making comparison-shopping a challenge for the consumer.
Choosing individual health insurance is going to be a balancing act between cost and coverage, as well as your philosophy of care.
Finding the right balance of coverage and cost can be tough, but it's a necessity. So take your search one step at a time. The first step is to evaluate your needs and understand your health-insurance options.
Among your choices, you'll find that the individual health market offers the same plans as the group market, including HMOs, PPOs, point-of-service plans, and traditional fee-for-service arrangements. Your budget, physician preferences, and health requirements will all have a hand in deciding which type of plan is best for you
Sunday, January 24, 2010
Insurance Definitions Beneficiary
Insurance Definitions
Beneficiary
The person(s) named in the policy to receive the life insurance proceeds upon the death of the insured.
Cash (Surrender) Value
The amount that is available in cash for loans and that may be available for withdrawals. Accessing Cash Surrender Value may reduce the death benefit and may increase the risk of lapse.
Convertible Term Insurance
Term insurance which can be exchanged (converted), at the option of the policyowner and without evidence of insurability, for a permanent insurance policy.
Dividend
A return of part of the premium on participating insurance that is based on the insurer's investment, mortality, and expense experience. Dividends are not guaranteed.
Face Amount
The amount stated on the face of the policy that will be paid in case of death. It does not include additional amounts payable under accidental death or other special provisions, or acquired through the application of policy dividends.
Insurability
Acceptability to the company of an applicant for insurance.
Insured or Insured Life
The person on whose life the policy is issued.
Level Premium (Term Insurance)
Life insurance for which the premium remains the same from year to year. The premium is normally more than the actual cost of protection during the earlier years of the policy and less than the actual cost in the later years. The building of a reserve is a natural result of level premiums. The payments in the early years, together with the interest that is to be earned, serves to balance out the underpayment of the later years.
Loan (Policy Loan)
A loan made by a life insurance company from its general funds to a policyowner on the security of the cash value of a policy.
Paid-up Insurance
Insurance that will remain in force with no need to pay additional premiums.
Participating Policy
A life insurance policy that is eligible for the payment of dividends by the insurer (see also Dividend.)
Permanent (Term Insurance)
Any form of life insurance except term; generally insurance that builds up a cash value, such as whole life.
Policyowner
The person who owns a life insurance policy. This is usually the insured person, but it may also be a relative of the insured, a partnership or a corporation.
Premiums
Payments to the insurance company to buy a policy and to keep it in force.
Renewable Term Insurance
Term insurance which can be renewed at the end of the term, at the option of the policyowner and without evidence of insurability, for a limited number of successive terms. The rates generally increase at each renewal as the age of the insured increases.
Term Insurance
Life insurance that does not build up cash value and where the premium normally increases as the insured gets older.
Universal Term Insurance
A flexible premium life insurance policy under which the policyowner may change the death benefit from time to time (with satisfactory evidence of insurability for increases) and vary the amount or timing of premium payments. Premiums (less expense charges) are credited to a policy account from which mortality charges are deducted and to which interest is credited at rates which may change from time to time.
Whole Term Insurance
A basic type of permanent life insurance which can provide lifetime protection at a level premium. Premiums must generally be paid for as long as the policy is in force.
Beneficiary
The person(s) named in the policy to receive the life insurance proceeds upon the death of the insured.
Cash (Surrender) Value
The amount that is available in cash for loans and that may be available for withdrawals. Accessing Cash Surrender Value may reduce the death benefit and may increase the risk of lapse.
Convertible Term Insurance
Term insurance which can be exchanged (converted), at the option of the policyowner and without evidence of insurability, for a permanent insurance policy.
Dividend
A return of part of the premium on participating insurance that is based on the insurer's investment, mortality, and expense experience. Dividends are not guaranteed.
Face Amount
The amount stated on the face of the policy that will be paid in case of death. It does not include additional amounts payable under accidental death or other special provisions, or acquired through the application of policy dividends.
Insurability
Acceptability to the company of an applicant for insurance.
Insured or Insured Life
The person on whose life the policy is issued.
Level Premium (Term Insurance)
Life insurance for which the premium remains the same from year to year. The premium is normally more than the actual cost of protection during the earlier years of the policy and less than the actual cost in the later years. The building of a reserve is a natural result of level premiums. The payments in the early years, together with the interest that is to be earned, serves to balance out the underpayment of the later years.
Loan (Policy Loan)
A loan made by a life insurance company from its general funds to a policyowner on the security of the cash value of a policy.
Paid-up Insurance
Insurance that will remain in force with no need to pay additional premiums.
Participating Policy
A life insurance policy that is eligible for the payment of dividends by the insurer (see also Dividend.)
Permanent (Term Insurance)
Any form of life insurance except term; generally insurance that builds up a cash value, such as whole life.
Policyowner
The person who owns a life insurance policy. This is usually the insured person, but it may also be a relative of the insured, a partnership or a corporation.
Premiums
Payments to the insurance company to buy a policy and to keep it in force.
Renewable Term Insurance
Term insurance which can be renewed at the end of the term, at the option of the policyowner and without evidence of insurability, for a limited number of successive terms. The rates generally increase at each renewal as the age of the insured increases.
Term Insurance
Life insurance that does not build up cash value and where the premium normally increases as the insured gets older.
Universal Term Insurance
A flexible premium life insurance policy under which the policyowner may change the death benefit from time to time (with satisfactory evidence of insurability for increases) and vary the amount or timing of premium payments. Premiums (less expense charges) are credited to a policy account from which mortality charges are deducted and to which interest is credited at rates which may change from time to time.
Whole Term Insurance
A basic type of permanent life insurance which can provide lifetime protection at a level premium. Premiums must generally be paid for as long as the policy is in force.
Monday, January 11, 2010
NEW JUBILEE GROUP LIFE INSURANCE
Group Insurance is universally acknowledged as the best way to safeguard employee’s interests. During the times of sheer misfortune such as Death, Disability and Sickness, Group Insurance yields a specified sum to the Insured & his family just when it’s needed the most.
A group Insurance scheme demonstrates a company’s concern for its employees’ welfare and provides them sense of security and peace of mind.
ADVANTAGES OF GROUP INSURANCE
Some of the eminent Advantages of Group Insurance are outlined below:
Fulfilling Legal Requirements
According to Clause 10-B of W.P(Standing orders) it is a mandatory obligation on the part of an employer to provide Group Life Insurance to his employees.
Obtaining Tax advantages
The premium that the company pays for Insurance are deducted from its taxable income. Furthermore, the benefits paid on death and disabilities are exempt from income and estate taxes. Hence, the employees and/or his family obtain tax free claim amounts.
Attracting Ingenious Employees
Group Insurance is a standard benefit in most, if not all companies. It provides Competitive advantage to the employer and helps in attracting and retaining capable staff.
Keeping Costs Low
Critical Illness Covers: Myocardial Infraction, Coronary Artery Surgery, Stroke, Cancer, Renal Failure.
Accidental Medical Expense: If an employee incurs Medical expenses due to accidental injuries, this coverage provides payment of actual medical expenses subject to maximum of 10% of life sum assured.
Saturday, August 15, 2009
Expat Life Insurance
HealthCare International capitalising on more than 35 years experience in the Global International Health and Private Medical Insurance area.
Throughout the world, the demand for first class International Health Insurance has never been greater. As social health insurance services that could once be relied upon are no longer able to keep pace with the ever increasing cost of medical treatment, so the need to make alternative arrangements has become of crucial importance, particularly to the expatriate.
For those expats living and working abroad, accessing the right kind of health insurance cover can turn out to be a nightmare, with the cost of medical treatment often expensive and difficult to arrange particularly in an emergency.
HealthCare International is a specialist provider of global private health and related personal insurances, designed to provide not just the basic health cover, but also a wide range of benefits providing peace of mind for you, your family or your personnel.
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