Identify your needs
The first thing you should do when buying individual life insurance is to estimate your needs. If you have children, you will probably want the insurance company to pay for their college. This is possible, but it will drive up the cost of your individual life insurance. You will need to take […]
You can use an online life insurance calculator to estimate how much your life insurance will cost. Most life insurance companies have a life insurance calculator somewhere on their website. Let’s take a look at some life insurance terminology that you might run across if you decide to use a life insurance calculator to estimate […]
Know your exclusions
Exclusions are scenarios in which an accident occurs, but the personal accident insurance company doesn’t have to pay. Be sure to read these over first before you sign. If you think that one or more of the exclusions are unreasonable, work with your insurance agent and get a waiver that will change […]
Whole life insurance covers you from the minute you pick up the insurance to the day of your death. That’s why they call it “whole life”– it covers your entire life. Whole life insurance never expires. Let’s take a look at a few terms you should know before you pick up whole life insurance coverage.
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Old Mutual
Old Mutual is a Fortune 500 company that has been providing life insurance since 1845. In an article from the Vanguard, Group Chief Executive Officer of Old Mutual West Africa said that he was committed to turning Nigerians who may be skeptical about promises from insurance companies into loyal customers. Old Mutual has […]
Life Insurance Policy in Nigeria: Think of life insurance as an investment
Some people believe that taking out life insurance is a waste of money. They’re totally wrong. Did you know that you could earn back all the money that you invest into life insurance, simply by keeping up with your monthly payments? According to the […]
A limited period of time
To understand term life insurance, let’s start with the first word– term. When you buy term life insurance, you are paying to be covered for a limited period of years. If you die before your insurance expires, your family will receive the payout. If you die after the period covered by […]
Group life insurance is usually paid for by an employer. Unlike individual life insurance plans, the risk involved in group life insurance is spread out over a large group of people. Employers provide group life insurance coverage to their employees so that they can rest assured that their families will be taken care of if […]
Factors that influence price
Renters insurance quotes vary depending on the individual. Your age, the estimated value of your belongings and a host of other factors will affect the cost of your premium. But when collecting renters insurance quotes, it’s important to look at more than just the bottom line.
Before you make your decision, it’s a […]
For whatever reason, typical renters don’t seem to realize the true value of their personal belongings. Most renters fail to sign up for rental insurance and end up regretting it down the line. If you don’t currently own rental insurance, it’s a good idea to at least call up your insurance company and see what […]