Life insurance is a useful tool to defend yourself and your loved ones against the uncertainties of life. Unfortunately, not everyone realizes the importance of insurance and so, many people remain bereft of its benefits. If you are the sole breadwinner and your loved ones depend on your earnings, a life insurance policy can help you secure their future in case you die prematurely. Moreover, life insurance enables you to protect business interests and safeguard your legacy. It allows policyholders to pay bills and cover costs like college fees. It…

I was sitting across Ethan and was having one of our last ‘company lunches’ together as he was relocating. Discussing our future plans, the topic of retirement came and I asked how he planned for it. I expected the usual answers such as 401(k) plan, personally-held stocks and bonds, IRA accounts etc. Nonchalantly, to my surprise, he added, “Oh and life insurance too!” I always thought that the employers gave a life insurance to cover us. I never thought it could be a part of one’s financial strategy. Ethan read…

The buzz on the criticality of life insurance is going around all the time, but is it only for the ones who are gainfully employed? Don’t unemployed people qualify for life insurance too? Untoward incidents do not strike with the qualifying criteria of employment; tragedy can strike anyone, anywhere with no discrimination. And the unemployed are just as worried about protecting the future of their loved ones as anyone else. The key question here is, does the life insurance for unemployed get approved? However, the answer to this is not…

Often, employers provide basic life insurance coverage to employees. This helps them attract new applicants looking for benefits as well as retain existing employees, but it may not be enough to actually meet each employee’s specific needs. Investing in one or more life insurance types outside of work could actually offer you a lot more security.

Here’s an example to better understand this concept:

Let’s say that you’ve been working at a certain job that offers you adequate coverage, but you no longer…

High-net-worth Individuals work hard to build their wealth, and even though they can afford to vacation around the world and buy anything their hearts desire, they (more often than not) believe in being down to earth and looking for the best deal, just like anyone else. Take the example of Walmart founder, Sam Walton. What most people don’t know is that he drove a pickup truck till the very end of his days!

Surprisingly, a lot of wealthy people are humble in their ways, and this…