Thinking of having life insurance?
One of great investments that you can have is to have yourself insured. There are so many kinds of life insurance that you can select from. Life insurance falls into 2 major categories, which are Protection Policies, this type of insurance covers a certain amount in event that something hapens to you. For example, you are a surgeon and you want to insure your hands for a certain amount, should any untoward incident happens to your hands which can render it unusable for your job, you get the lumpsum amount of the insurance that you have. Another category of life insurance is Investment Policies, which has a certain coverage and matures within a specified time. In this category, your premiums that you put into the policy earns after a period of time. For example, Sunlife Financial has a policy called Sunlife accumulator, a Php300,000 policy can have an investment of Php15,900 a year for 10 years, then after that, it will have a maturity period within 5 years. After maturity, yo may opt to withdraw the lumpsum amount or invest it again so that your money grows further. Investment policies have many forms including whole life, universal life and variable life policies.
Keep in mind that life insurance rates vary according to the policy that you invest in. There are insurance companies that consider that age of policy holder and rates vary depending on the age as well.
Investing in life insurance is a great move to make.


October 13th, 2008 at 4:21 am
Hi! Found your blog on yahoo while searching for How To Find Nursing Home Insurance Policy - quite some good info thanks, J.Sanders