While it’s hard to think about, the reality is some of us will die unexpectedly, or suffer an accident or illness that could leave us unable to work, possibly for good. And that can have a major impact on many lives, not just our own.
Do you have a plan to take care of your family and loved ones should something happen to you? Who in your life depends on your income? Would they be properly provided for, if you were unable to do so?
Every second 1.8 deaths
occur on the planet.
If income earning adult got disabled or dies, it puts hard financial burden on the family and there is only one way in such a situation for protecting your family - to have Life protection and disability insurance.
It may include different products like, for example:
- Life insurance cover: Protects your family and/or business in the event of your death
- Income protection cover: Safeguards your biggest asset – your ability to earn
- Permanent disablement cover: Secures your future if you suffer a serious illness or accident that leaves you permanently disabled
- Critical illness cover: Provides for you while you take the time you need to recover
- Funeral: Covers for your family funeral costs
The main things to look at are listed below:
- Price: Premium that you have to pay to insurance company.
- What are the deductibles? The amount you have to pay out-of-pocket for expenses before the insurance company will cover the remaining costs.
- Claims: the quality rating of the insurance company, as published by the main rating agencies in comparison with their peers; customers’ reviews that you can easily contact your agent, be treated fairly, and get the money you need to make repairs quickly and the claim paying process.
- Coverage: is the main reason you buy insurance policy. The coverage may include, but not limited to Dwelling Coverage, home content, life, Loss of use, Liability Insurance, guests medical insurance, car or boat insurance cover etc…
- Multiple-policy Discount: Available for multiple policy insurance holders with the same provider.
- Claim-Free Discount: Available if you haven’t filed a claim over a certain period of time.
- Exclusive Group Savings: Available if you have membership or affiliation with certain businesses or organizations.
- Age discounts: Available for senior citizens
- Use online tools that can help you pick the plan and the company that’s right for you and your family by comparing it with others on a range of costs, covered services and discounts. Also make sure the information is relevant to you and your family.
- Consider the company’s record for claim refusal. Your state insurance commission may have a record of complaints.
- Physical location of the company nearby office, if this is important to you.
- Make your own research for the best deal by getting quotes from number of different insurance companies and insurance brokers.
- Last thing: Find out what others think about the company and its customer service.
Top 10 best life insurance carriers
in the United States as of May 1, 2015.
- American General
- American National
- Banner
- Foresters
- Genworth
- MetLife
- North American Company for Life and Health
- Protective
- Prudential
- SBLI
Top 23 best life insurance carriers in UK.
23. Zurich Life Insurance
Top 10 best life insurance carriers in Canada
Nobody likes to think about their own mortality and
when you have decades to go before you can even think about retirement, let
alone preparing for the end of your life, it can seem like a pointless worry,
but taking steps to ensure the financial stability of your family now and in
the future is something that is better done now than later. We never know what
tomorrow may bring.
Planning for the day you are gone is something you don't want to put off until it is too late. Every day you wait to purchase life insurance you risk higher rates, a lower payout, and the chance that you could be gone with no policy in place.
http://www.thetoptens.com/best-life-insurance-companies/
To help you compare life insurers, we have outlined information about all our insurance providers below. For life insurance quotes and comparison rates, please use our life insurance calculator.
Lantern Insurance, division of IAG insurance company, rated in top 10 of the World Best insurance providers
Top 10 best life insurance carriers in Canada
Best Life Insurance
Companies in the World.
Planning for the day you are gone is something you don't want to put off until it is too late. Every day you wait to purchase life insurance you risk higher rates, a lower payout, and the chance that you could be gone with no policy in place.
http://www.thetoptens.com/best-life-insurance-companies/
Top 10 Life Insurers companies in Australia.
New Zealand's major life
insurers
Life insurance provides a lump sum payment in the event of death.To help you compare life insurers, we have outlined information about all our insurance providers below. For life insurance quotes and comparison rates, please use our life insurance calculator.
AMP Life Insurance
Lantern Insurance, division of IAG insurance company, rated in top 10 of the World Best insurance providers
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