An annuity is the scientific liquidation of both capital and interest with income payments so calculated that the annuity income does not stop before the person receiving it dies. It is not really a life insurance policy and it does not offer life insurance protection. It is simply an accumulation and distribution of cash to provide income. In short, it’s a purchase... [Read more]
Permanent life insurance combines the basic protection benefits of the term life insurance and living benefits made possible by the build-up of cash value. Part of the premium paid goes to build up the cash value. As long as premiums are paid, the cash value in a permanent life insurance policy will increase. The insured can receive the face amount of the policy if... [Read more]
This is a brief life insurances history. During the early days people used to help each other in times of death tragedies and calamities. Whenever a member of the neighborhood dies they try to uplift the stricken family’s financial burden by passing the hat. Everyone in the neighborhood contributes whatever they can to help the family cope with the costs of... [Read more]
Life insurance is a financial devise wherein a policyholder protects himself and his dependents from economic losses brought about by untoward incidents such as death, disability, critical illness and old age. This is done by contributing to a common fund which shall reimburse them when they incur such losses. In return, the policyholder agrees to pay a stipulated... [Read more]
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