Finance forum: Life insurance 3 articles - 5.441 readings

Insurance certificates or policies are documents that serve as confirmations of receipt or identification. Life insurance policies are policies that set the terms of payment for a specific amount by an insurance institution in the event of a person’s (the policy holder) death or disability. After paying a premium, the insurance company agrees to pay out the paid-in capital at a certain time point or, in the event of death, to transfer it to the beneficiary specified in the contract. Follow me

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Thinking about life insurance? Here’s all you need to know

Life insurance

The pandemic has led many to think of how to protect their family financially if something bad happens. Many have started taking out life insurance to guarantee their families can repay their mortgage or make ends meet. According to insurer Canada Life, 8 million UK adults took out or, at least, thought about taking out life insurance since the pandemic started. Still, 33 million Brits hadn’t considered life cover.  Life insurance is an insurance policy that runs for a specific time ...

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Canada Life: All Set to Enter the Drawdown Market

Life insurance

The Canada Life insurance company famously known as, Canada Life is eying to expand its product offerings. Now, the company wants to jump into the drawdown market. The company aims to be ranked among the top 3 companies in upcoming years.  To beat out competitors it is going to launch new products this year. The launch of online service journeys and fund range enhancements are products expected to launch this year, as reported by Jean-Baptiste Andrieux for Money Marketing news agency.  ...

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How Global Life Insurers are Seeking Balance

Life insurance

With Covid-19 showing no signs of slowing down this 2021, global life insurers are trying their best to circumvent the ongoing crisis as much as possible without sacrificing their reputations and profitability. Let’s see how this is playing out. Customer payouts Companies like Aviva and Prudential Financial are implementing mandatory waiting periods to apply for coverage to Covid-19 patients. Insurers have had to implement such policies due to the massive amount ...

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