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property insurance Funeral Policies & Cover
Johannesburg, Gauteng - South Africa

property insurance Funeral Policies & Cover Johannesburg, Gauteng - South Africa

Available: 5 yrs, 3 ms ago
Contact: ntando thusi
07834567809

Account Name: Ntando thusi
User Since: 05 Jul 2012
Ads Published: 11
Ads Active: 7 (View ads)
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property insurance Funeral Policies & Cover Johannesburg, Gauteng - South Africa

Description

Life Insurance is a kind of insurance that gives a contract between an Insurance holder and Insurance company. Life Insurance is whereby the Insurance company pay a designated beneficiary a sum of money upon the death of the Insured person, It will depends on the contract. The policy holder will typical pay a premium, either regularly or as a lump sum. Expenses such as funeral expenses are also included in the premium depending on the policy.

When the death arise the insure requires acceptable proof of death before it pays the claim. Usually the proof required is a death certificate, and the claim form completed signed. Life insurance is designed to protect your family against the financial problems that accompany the premature death of a breadwinner. Life insurance covers your funeral,your debts,mortgage,medical bills,car payments, children’s colleges education. Many companies offer insurance for all so even if you are single with no debts, you may also be covered.

Why do people take life Insurance?

Most people take a life insurance policy for different reasons, the fundamental reason is to ensure that funds are available in the event of the death of someone who has a financial responsibility to someone else., most people take life insurance to ensure that their family is financial secured.Insurance companies tend to pay a lump sum and therefore a calculation will be needed to establish exactly how much life insurance you should have in place. Let’s say you are specifically looking for a direct replacement for lost income in the event of a love ones death, a family income benefit plan will be an alternative to normal lump sum based life insurance plan. Monies to be given will usually calculated according to the earner’s net salary, the number of years it will be needed to maintain the family, as well as any additional expense.

Steps to follow for life Insurance claim

  See if you can find the actual life insurance policy
  Call the life insurance agent or life insurance company on the life insurance policy.
  Next fill out the life insurance claim forms
  Send in the life insurance paperwork

What to look for in a Life Insurance policy

  Policy Benefits
  pricing and premiums
  additional Services
  Customer Support

How Much Life Insurance Do You Need?

There are different many types of decision to make, Buying insurance is based on income replacement. First determine your unique income replacement needs as they may vary greatly depending on your age.

What is Annuity?

Annuity can be greatly describe as a great retirement investment. Annuity have some of the same benefits as other retirement plans, An annuity typical doesn’t have contribution limits, income limits, or mandatory withdraws like any other plans.

How to buy life insurance

  In order to to know how to purchase life insurance you will need to determine what type of life insurance you want. There are different types of life insurance for example Term and whole life insurance.
  Do research and get quotes for life insurance, the most fastest tool to do research will be internet because it has made it possible to easily get quotes online, Make sure that you also talk to life insurance company. They are there to assist you with answers to question you have about particular policies that you cannot get from online quotes
  Once you have decided on a type of policy or insurance company you want to go through, you can begin applying for life insurance by completing the application for the life insurance.
  Make sure that you learn about the premium and coverage before purchasing it.
  In short most companies of insurance will require you have a medical exam completed before they will issue you a policy.
  Make sure that you sign the policy and pay the premium.

Types of an Annuity

  Fixed annuities
  Variable annuities


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