1. Now’s the time to apply: “Life Insurers will start turning business away” but there is a caveat!

    NEVER THOUGHT I'D SAY IT! Life Insurance Companies are beginning to turn business away. COVID-19 and the resulting crash in interest rate are causing Life Insurers to rethink their projections.  Life Insurers pool premiums which increases capital reserves and hence helps mitigate risk.  That is th…Read More

  2. Collateral Assignment of Life Insurance to Get A LOAN!!

    A collateral assignment of life insurance is a conditional assignment appointing a lender as the primary beneficiary of a death benefit to use as collateral for a loan. If the borrower is unable to pay, the lender can cash in the life insurance policy and recover what is owed. Businesses readily a…Read More

  3. Using Life Insurance for Retirement Income

    Life Insurance — an instrument which is favored by some due to the inherent tax benefits while others endorse the importance of having a life insurance cover. Though life insurance companies and also the regulatory body are trying to instill the awareness of life insurance in the minds of some…Read More