It’s always difficult to choose insurance product which suites best with your financial solutions. GS Insurance can assist you in finding affordable insurance plan to make sure that you have enough coverage to meet your financial needs.
If you are looking for an insurance for short period of time then Term Insurance will be right option to choose. It’s cheaper than other insurance products and give you an opportunity to spend extra money on your financial needs. Premium will stay the same for selected insurance period and will increase on renewal or after completion of insurance period.
It is a long term insurance plan which covers you against any mishappening occur in future. Premium of Life Insurance is higher than term insurance. You can reduce premium by selecting plan which coverage will reduce over time.
Critical Illness Insurance
Are you likely to need Critical Illness Insurance in the future? Yes? Then consider adding it now to the life insurance policy you are arranging. Why? There are three reasons.
- Life Insurance policy combined with Critical Illness cover will work out significantly cheaper than buying two separate policies.
- You may be able to buy a combined Life and Critical Illness policy with a guaranteed premium.
- Premiums for critical illness cover increase rapidly as you get older.
so the sooner you take it out, the cheaper it will be.
Terminal Illness cover pays out the insured lump sum if a Medical Doctor diagnoses you with an illness from which the Doctor expects you to die within 12 months. Most good life policies automatically include Terminal Illness cover at no extra cost. It’s basically an early, and welcome policy payout.
A Critical Illness policy pays out the insured lump sum if you are diagnosed with one of a wide range chronic illness and there is no life expectancy criteria. Indeed, with many of the insured illnesses you could expect to survive for many years. For example: certain cancers, heart disease, stroke, multiple sclerosis, loss of speech, sight or hearing, third degree burns etc. Say you were an engineer aged 40 and you lost your sight. A Critical Illness policy would pay out immediately and that money could well be vital in helping you and your family through many difficult financial years ahead. If you just had Terminal Illness cover there’d be no chance of a payout.Reference: http://www.articlegeek.com/finance/insurance_articles/life_insurance_money_saving_tips.htm
There are two main types of life insurance that are available to everyone; there is whole life insurance and term life insurance.
Getting the Best Life Insurance Quote – Your life insurance quote is primarily dependant on a number of personal factors, namely your health, family history, lifestyle and age.
Buying life insurance online – You’ll find the cheapest prices for life insurance on the Internet. But are there hidden complications and does low price come at the expense of quality?