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Life Insurance : Insurance

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How to Cash in My Prudential Life Insurance

How to Cash in My Prudential Life Insurance

Generally, a life insurance policy is intended for your beneficiaries to receive funds after your death to replace your income or to help pay off debts or funeral expenses. But sometimes that beneficiary has to be the policyholder instead. Regardless of the reasoning behind why you decided to cash i......[Read More]
Differences Between Traditional & ULIP Plans

Differences Between Traditional & ULIP Plans

The debate over whether life insurance products should be viewed as investments, be they traditional life (often whole life) policies or Unit Linked Life Insurance Plans (ULIP), is not likely to be settled any time soon. Either way, for investing or insurance purposes, there are very distinct differ......[Read More]
Are You Insured Well Enough

Are You Insured Well Enough

Several years ago, probably after the birth of your child or while arranging a loan, you might have taken out a life insurance policy to cover both you as well as your better half. But, ... ......[Read More]
About Insurance Premiums

About Insurance Premiums

Insurance premiums are the costs you pay to your insurance provider in exchange for the guaranteed benefit payments as outlined in the terms and conditions of your insurance policy or contract. Premiums vary by insurance category and various risk factors are used by the insurer to determine how much......[Read More]
Laws: Forfeiture or Nonforfeiture of Property

Laws: Forfeiture or Nonforfeiture of Property

When a property owner defaults on his home loan, one of the remedies that the lender has is forfeiture. In forfeiture, the owner of the property loses his rights to it, and the property is returned to the lender as compensation for the default. It's commonly used by an investor who seller-financed h......[Read More]
What Happens in Bankruptcy If Your Debt Is Sold to Another Company?

What Happens in Bankruptcy If Your Debt Is Sold to Another Company?

During bankruptcy, a creditor may sell its debt to another company. When this occurs, the new company notifies the debtor, the debtor's attorney and the bankruptcy court that the original creditor's debt has been transferred. The new creditor must follow certain procedures to be included in the bank......[Read More]
What to Do in Case of Life Insurance Expiration?

What to Do in Case of Life Insurance Expiration?

Insurance expiration is possible. There are Insurance premiums that have expiry dates---these are the short-term ones---and then there are those that do not. You have to be careful of keeping tabs on these life insurance ... ......[Read More]
What Happens to Lawsuit Money in a Divorce?

What Happens to Lawsuit Money in a Divorce?

Divorce can be an expensive process, and in many cases, both of the ex-spouses can experience financial distress because of all the money involved in settling a divorce lawsuit. Divorced women tend to wind up poorer and with a lower standard of living than they enjoyed while married, but both sides ......[Read More]
How to Collect on Insurance if a Bond Goes Bankrupt

How to Collect on Insurance if a Bond Goes Bankrupt

Bond insurance is most common in the municipal bond market. Bond insurance contracts are written by monoline insurance companies, and pay out a claim if the bond in question defaults. This differs from Credit Default Swaps (CDS), which function similarly to insurance contracts for bonds and other de......[Read More]
How Permanent Life Insurance Works

How Permanent Life Insurance Works

Life insurance ensures that when you die your family is not burdened by your debts. The life insurance company pays a death benefit to your family if all premiums were paid during your lifetime. One type of life insurance you might consider for long-term insurance protection is permanent life insura......[Read More]
Do You Need Life Insurance?

Do You Need Life Insurance?

Life insurance sounds like one of those big adult phrases you use only when you get older and start thinking about the inevitable end. In fact, that is probably not too far off the mark. ... ......[Read More]
Term vs Whole Life Insurance: Which Policy is for Me?

Term vs Whole Life Insurance: Which Policy is for Me?

Looking for term vs whole life insurance protection is something that many of us have already signed-up for in the past, or is something that we will want to research in the future. Term life ... ......[Read More]
Definition of a Universal Life Insurance Policy

Definition of a Universal Life Insurance Policy

Life insurance is an important part of a sound financial plan. It pays a specified amount of money to the person you deem as your beneficiary if you pass away during the term of the policy. Universal life insurance is considered a permanent life insurance policy.......[Read More]
Definition of Insurance Proceeds

Definition of Insurance Proceeds

When someone has valuables such as collectibles, a home or an automobile, they are usually insured by an insurance company. When a claim is filed due to a loss or damage, the funds paid out are the proceeds.......[Read More]
How to Change Life Insurance Beneficiaries When You Are Sick

How to Change Life Insurance Beneficiaries When You Are Sick

Many of us secure life insurance policies during periods of our lives when death seems very far off. As a result, the beneficiary you place on your life insurance may not be the person whom you really want the money to go to years later when you are faced with possible mortality. While none of us ev......[Read More]
How Life Insurance Matters to You

How Life Insurance Matters to You

Life insurance is much more than a mere necessity âEUR" it is a need that is basic to life. So, if you are still haunted by the possible consequences of the many uncertainties of life, ... ......[Read More]
What Are Advantages of Home Insurance?

What Are Advantages of Home Insurance?

For most people, purchasing a home is a major investment and one that could not be easily replaced. Home insurance, also known as homeowners insurance, offers a number of advantages that can help protect the home, its contents and the people living in the home. Although home insurance is not always ......[Read More]
Affordable Life Insurance - Getting Enough Coverage

Affordable Life Insurance - Getting Enough Coverage

Just like in every other insurance coverage, it is unwise to be either under covered or over covered in your life insurance policy. Both eventually cost you lots of money. You need to know how ... ......[Read More]
When to Buy Life Insurance

When to Buy Life Insurance

There are several events in one's life when the purchase of life insurance should be considered. In general, this should occur when financial obligations increase, such as the birth of a child or the purchase of a home. It is also wise to purchase life insurance at a young age because the rates are ......[Read More]
Life Insurance Types - Choosing The Right One

Life Insurance Types - Choosing The Right One

When we talk about life insurance, it simply shows that we want to be secured in terms of financial aspect when our time ends. Everyone wants to be insured by an appropriate insurance option. However, ... ......[Read More]