Insure Insight

19/03/2025

19/08/2021

Why term life insurance might be your best made decision…

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21/07/2021

Why term insurance 📄 might be your best made decision and to whom it is for.

No nuts to crack, just straight up front talk.

✅It's way cheaper. Term life insurance premiums are based on several factors including age and your overall health. Needless to say, the younger you are the less you pay for coverage.

✅Funerals are expensive and we all are destined to be there one way or another. Best to prepare and avoid any financial burden in your family when your time comes.

✅You have kids or a kid. Growing a family involves hard work, and so is your career, business and the hard earned money you have to support your family. Parents are generally the sole source of financial support for their children. Protection is better than cure in this matter. You protect your family, whatever the cost so you can have the peace of mind knowing you are well covered and protected if whatever happens to you, they get the support they so deserve.

✅Your job involves a lot of risks and physical labor.

Now, who is it for?

✅Working professionals men and women
✅High net worth individuals
✅Newly married couple

Life insurance may be the last thing on your mind. However, it’s definitely something that all people, not limited to millenials should consider as part of their larger financial plan.

Term insurance is pretty straightforward. Policies are purchased for a specific period of time, commonly for 10, 20 or 30 years. If the policy is in force at the time of death, your beneficiary receives the death benefit chosen when the policy was purchased. If you're still alive at the end of the term, your policy ends, or it can renew annually, albeit at a much higher rate.

Talk to a professional to learn more.😃

11/07/2021

Are you covered?.

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10/07/2021

📋What is Variable Universal Life Insurance?.

✅It is a type of Permanent Life Insurance policy with a savings component that allows for the investment of cash value.

How does it work?.

✅VUL combines a savings component with a death benefit which allows you greater flexibility in managing the policy. For VUL policies, the savings element consists of “sub-accounts” and each year the insurer will deduct what it needs to cover the mortality and administration costs and the rest goes to the sub-accounts to earn further interest.

What are the risks?.

✅In these kinds of policies the insurer separates the savings component and the death benefit component therefore transferring the risk of the policy to the insured compared to term policies which are only focused on the death benefit component of the policy. The insured must assume the likelihood that the separate account may generate negative returns, which will reduce the cash value. Significant and sustained losses compromise the cash value. As a result, the insured may need to remit higher premium payments to cover the cost of the insurance and rebuild the cash value, else the policy will lapse.

What are the sub-account structures?.

✅ The separate subaccount is structured like a family of mutual funds. Each has an array of stock and bond accounts, along with a money market option. Some policies restrict the number of transfers into and out of the funds. If a policyholder has exceeded the number of transfers in a year and the account in which funds are invested performs poorly, they may need to pay a higher premium to cover the cost of insurance. In addition to the standard administration and mortality fees paid by the policyholder each year, the subaccounts deduct management fees that can range from 0.05% to 2%.

What are the benefits to owning this type of insurance policy?.

✅ The growth of the VUL insurance policy’s cash value is tax-deferred
✅ Policyholders may access their cash value by taking a withdrawal or borrowing funds (note:) However, if the cash value falls below a specific level, additional premium payments must be made to prevent the policy from lapsing
✅ Owning a VUL allows you to have financial peace due to the death benefit coverage of the policy and also the opportunity to grow your money while you work and provide for your family.

Need more information?. You’re in good hands. Speak🤳🏼to us via watsapp.😃 We’d be more than happy to help you.

Reference: Investopedia.com “Guide to Life Insurance”

⚠️This is not financial advise, all content posted in this page are meant for educational purposes only. All financial products carry risks and are subject to certain terms and conditions.

10/07/2021

✅ Follow this page and write to us on watsapp for free consultation and insurance quotations. You’re in good hands.

Insurance Consultant Mr. Ganesh Surve will be at your service to answer all your insurance questions and find the best product for your family’s needs.

10/07/2021

Get insured 📋 for your family’s 👨‍👩‍👦‍👦 protection

08/07/2021

💁🏻‍♂️What is a beneficiary?.

Beneficiary 📋 is the person or the entity entitled to receive the claim amount in the event of the insured’s death.

It is a financial decision that has a considerable impact on your family’s future and or business needs. When investing in an insurance product, understanding what and how to make sure your beneficiary gets the claims in your untimely demise will determine the relevance of the product features itself.

The policy holder or the insured of the policy selects the beneficiary/beneficiaries at the time of the purchase of the policy. Furthermore, if the life insurance beneficiary is a minor there are several guidelines to be considered whether or not a contingent beneficiary is to be appointed in such cases. It is in the best interest of the policy holder to know every right of the beneficiary and know the scope of the policy.

How does the beneficiary benefit from the Life Insurance?

In most cases, the wife, children, husband or parents are the immediate beneficaries listed by the policy owner. It is important for you to check the “face amount” and the percentage of that amount that will be allocated to each of the beneficiary/beneficiaries to cover all sides of the family’s 👨‍👩‍👧‍👦 needs.

Hence, determining what is a beneficiary in your life insurance is a highly personal decision. It is based on your financial circumstances and the number of dependents. If your family relies on your income source, the life insurance benefit for them can make all the difference in your absence.

Need more information on life insurance?. Contact 🤳🏼 us for any inquiries, we’d be glad to assist you on your financial needs.

08/07/2021

Solid Financial Foundation📊

What to prepare financially.

In our world where the common grind of the 9 to 5 is the traditional setting, a lot of times financial education gets buried and unnoticed.

Here, we have the financial foundations 🏢everyone should be able to obtain not only to insure your future but to protect your financial assets in times of great uncertainty.

Health is wealth as we all say and it is the very foundation of this model.

We start from the ground up and protecting your health is the cornerstone of a solid financial well-being.

Here are the following steps you need to prepare for a solid financial foundation.

✅Obtain Short term and Long term health care
✅Insure Protection by having Life Insurance
✅Eliminate Debts
✅Have Emergency Funds
✅Grown Investments

While these are highly recommended, every individual has to assess their own needs based on on their personal circumstances.

For more information on protecting your financial health, drop us a message 🤳🏼and we’ll make sure you get sound financial education, insurance quotes and appropriate products for your family’s needs.

p.s. this is not financial advise, all content is intended for education purposes only and based upon our hands on experience in the finance and insurance markets.