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How does longevity insurance work? Longevity insurance provides guaranteed income starting at some point in the future (typically 2-40 years from now) and continuing for life. You might see longevity insurance referred to by other names, including longevity annuities, Deferred Income Annuities (DIAs), or advanced life deferred annuities. There’s also a specific kind of longevity insurance called a Qualified Longevity Annuity Contract (QLAC). But they all serve the same basic function: protection from outliving your savings. Typically insurance is meant to protect you from something bad happening. But in the case of longevity insurance, it’s a little different: you’re allocating your assets to something that protects you from outliving your money because you live longer than expected. In general, that’s a good thing, but you just have to make sure you’re protected financially. From the insurance company’s perspective, they are simply pooling a different type of risk: longevity

In a life insurance policy with maturity benefits, the insured will be entitled to claim maturity benefits if he or she outlives the term of the policy. The insured is entitled to claim the maturity benefits only when the policy is in force and all premiums have been paid duly. A maturity claim is one of the simplest claim procedures with minimal paperwork involved. Policy discharge form Typically, the insurance company sends a Policy Discharge Form about one month before the maturity date of the insurance policy. The letter also provides instructions regarding the documents that need to accompany the form. Details and documents The policy discharge form must be duly filled by the policyholder. The form needs to be signed by the policyholder as well as two witnesses. Along with the form, the following documents need to be enclosed with the application: * Original policy document * Copy of identity proof * Copy of address proof * Bank mandate form with bank details *

Insurance is a way of transferring a potential loss to the insurance company in exchange for a fee, also known as a premium. Insurance companies invest these funds securely so they can grow, and then pay out when there’s a claim. Insurance can help you: Own a home.  Home Owner’s Insurance is especially useful if you’re applying for a mortgage as they’ll want to know your home is protected. It can also help protect you from weather related damages to the home or even theft of personal property. Drive a vehicle.  Vehicle accidents can be extremely expensive when you think about health care costs, legal costs and vehicle repair costs. Think of Auto Insurance as a savings account or investment for your vehicle. Maintain your current standard of living.  This is where life insurance or disability insurance in case of accident prepare your in case of a critical illness or accident. With this type of insurance you can be sure that your family will still be well taken care of in the

Life Insurance at age 46 If you’re 46 years old and you do not have life insurance or you’re thinking about getting additional coverage to protect your family, then this article is meant for you. At TermLife2Go, we work with the best life insurance companies and no exam life insurance companies in the marketplace. Getting a million dollar life insurance policy without an exam is available. Now for most people seeking to buy life insurance in your 40s finding inexpensive life insurance is not hard and you should still be able to find it for a very low price. However, it can also begin to get really expensive if you make some common mistakes. Below are just a couple of things that you should consider in order to get the best deal on your life insurance at age 46. Life Insurance for 46 year olds. Tip #1: Consider a no exam life insurance policy This tip is mainly for those of us who avoid going to the doctor. Basically, if you haven’t had a physical in the past year or more

Life Insurance At Age 42 Best Life Insurance for 42 Year Olds?Trying to secure the best life insurance for 42 Year olds isn’t difficult for the majority of people. Your goal is in finding the right company that will offer you the best life insurance rate that you can qualify for based on your age. Since 42 years of age is relatively young to most insurance companies, you should have many companies to choose from. What do Elvis Presley, Robert Kennedy, Gary Coleman, Gilda Radner all have in common? They all passed away at the age of 42. Choices mean competition and competition is good when shopping for most products. The rates you will have available to you will vary greatly depending on the company you choose. Every life insurance company has unique guidelines that they use before they even offer you a policy. This is called underwriting. Some companies are more strict than others. Finding the companies that aren’t as strict based on your ageand health is key to getting th