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Life Insurance policy......

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jiten702
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Life Insurance policy......  Reply with quote  

Life insurance policy is like a protection against life's uncertainities. If you have a life insurance policy in place, it could:-


  • Provide a financial security to your family.
  • Help in paying your debts like home mortgage, loans, credit card borrowings etc.
  • Provide finances to your loved ones to achieve life's goals in your absence.
  • Ensure that your family is able to maintain their lifestyle, no matter what happens.
  • Take care of your estate planning needs.
  • Look at other retirement saving/investment vehicles.


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Post Tue Dec 21, 2010 11:52 am
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Esmay00
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Getting a life insurance is very important and it could make you and your family feel secure. Life insurance assures that your family is protected financially at all times and there could be no better feeling of security.

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Post Mon Feb 07, 2011 6:28 am
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wystanfi
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Life insurance make you and your family secure. it also protect your family if something happen to you.

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Post Fri Feb 18, 2011 9:27 am
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yulianisakov
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There isn't anything wrong with having life insurance, but it's better to have only as much life insurance as you need and not overspend on policies that are more creative and therefore more expensive.

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Post Fri Feb 18, 2011 8:20 pm
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stepbystep2
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You should definitely do your homework when it comes to getting life insurance. Life insurance shouldn't be something you pay for the rest of your life. If you are saving and investing your money wisely you will no longer need life insurance at some point in your life. Life insurance is for people who are starting out in life have dependents that rely on them for financial support. When should you get life insurance? When you are young to lock in the rate, have children, have a mortgage, etc. As time progresses the need for life insurance diminishes as your children are now adults, home is paid off, etc. So while you are young work on having life insurance. Whereas towards latter years you must have your nest egg growing. Hope that helps.

Chris

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Post Tue Mar 22, 2011 1:50 am
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utyerpklot
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Ever since life insurance has been made compulsory, the sector has seen significant growth. This selection of insurance also allows cash value to accumulate which is based on the profits of the company and the amount of premium paid by the client.

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Post Mon May 02, 2011 12:54 pm
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oldguy
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quote:
Ever since life insurance has been made compulsory


utyerpklot, are you in a european country? When did they make the 'compulsory' law?
Post Mon May 02, 2011 4:54 pm
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debedwards
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quote:
Originally posted by utyerpklot
Ever since life insurance has been made compulsory, the sector has seen significant growth. This selection of insurance also allows cash value to accumulate which is based on the profits of the company and the amount of premium paid by the client.


This got my attention too. When did life insurance became compulsory?

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Post Fri Aug 19, 2011 3:36 pm
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keshavmish
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Whole life policies are popular with some select groups of people but they are a little bit more complex than their plain vanilla easy to understand term life insurance counterparts.

The business of insurance has to be one of the most underrated services offered in the United States nowadays. Not many people think having life insurance is important and because of this we see that the industry is not as successful as the auto and home owners insurance business. It is important to know however, that death comes at any age; and if a person wants to protect their family or other people after their death it is imperative for them to purchase a life insurance policy.

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Post Sat Aug 20, 2011 4:58 am
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Smith.Johnson
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life insurance gives financial security to you and your family. But when selecting life insurance policies, read carefully insurance companies terms & conditions. If u have any doubt in that, first clear with agent and then go ahead.

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Post Mon Aug 22, 2011 10:26 am
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debedwards
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It is true that life insurance is very important but before purchasing one people should come up with the right decision in what type of policy to purchase. There are different kinds of life insurance so it would help if they can do a bit of research first, lay down their needs and compare they insurance before they make a purchase. In that way, they can fully enjoy the benefits of their life insurance in the future.

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Post Fri Sep 02, 2011 1:52 pm
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Christophe
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There are a number of factors to consider when evaluating life insurance products. The most important of these factors is to determine the amount of insurance needed. The insurance need is usually the greatest when there are young children in the family, only one breadwinner, or there is not enough saved to support the survivors for any length of time. For example, a family with only one spouse working and two small children may face several obstacles if that spouse should die, e.g., funding education for the children and providing for the surviving spouse at a lifestyle to which they have grown accustomed.

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Post Mon Sep 05, 2011 7:26 am
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Estella09
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Yeah it is essential that before choosing insurance policy or term it is better to think about your finances and how much coverage your family will need in the future. Insurance is a good life cover as well as health cover. It is not only save your tax amount but you are also securing your future.

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Post Wed Sep 07, 2011 12:01 pm
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Offshore-Wealth.com
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LIFE INSURANCE Is ESSENTIAL For PEACE OF MIND PROTECTION  Reply with quote  

Anyone who has lost a loved one who did not have any life insurance or assets knows first hand how important it is, but look at how many do not, or cannot afford even the basic burial policy. How many times have you been asked to help cover burial expenses when a relative passes? I just went through it for the third time, so it really hit home for me.

As the economy gets worse, and more become unemployed, what I am seeing is a steep decline in my reserves as people cash out or simply stop making payments. Combined with lower commissions as everyone seems to be cutting expenses, I feel for all those being hit by this severe recession.

In my research of industry, I found a valuable benefit offered through a non profit organization which can provide a legacy life benefit for up to six figures for family at no cost. As an employer, I offered this to my employees and it was so appreciated that I started to refer others who do not or cannot afford any life insurance or health and prescription plans. It is amazing how many are left exposed to being uncovered when times get tough from recession.

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Post Wed Sep 07, 2011 1:29 pm
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