Archive for category Assurance
Compare Life Assurance Options To Get Best Plan
When considering a life assurance plan to provide financial security for family survivors in the event of death, many people make the mistake of going with the cheapest coverage. Certainly there are low cost products available, but it is more important for customers to find the right coverage for their circumstances.
There are many types of coverage, with varying terms and benefits. People can compare life assurance options fairly efficiently using an online broker or insurance specialist. Many sites offer searchable databases or the ability to narrow down options. This efficient search process enables customers to learn quickly what life plans meet their needs and what the lowest premiums are to get the appropriate plan.
In order to effectively compare life assurance plans through an online specialist, customers need to be prepared to fill out brief questionnaires and health surveys. Some insurance policies can be obtained simply from data provided by the customer. Other policies and providers require health screenings, such as blood tests, blood pressure checks, pulse rate, and more. By providing thorough and accurate data using an online form, customers ensure a more accurate comparison of policy types, rates, and terms that are available to them. Read the rest of this entry »
How Life Assurance Gives You Extra Security
Posted by admin in Assurance, Extra Security on October 6, 2011
Life assurance is a product offered by insurance companies, but a very different policy from life insurance itself. With life assurance, the contract that is made between the insurance firm and the policy holder agrees to make a payment on the policy after the individual’s death – or in some cases, in the event of their terminal or critical illness.
This is a policy based upon a definite event, not the risk of an event as in life insurance. A life assurance policy also relies upon the policy holder paying regular sums – or premiums – into the policy. The payout itself is made to beneficiaries designated by the policy holder.
At first, the premium tends to be a fixed sum for a 10-year period. After this date, the sum comes under review and the insurer decides whether the investment fund is growing sufficiently to provide the required final sum. If it is not, either the premium will have to be raised or the eventual payout will have to be reduced. Read the rest of this entry »