Term Insurance – Why you should not buy 1 crore Policy?
People are asking me about life insurance requirement etc. One of the regular they ask is term insurance for 1 crore policy is a good idea or not. Why people always ask about 1 crore life term insurance. There seems to be some mental blocking. Here, in this article I will explain the reason behind this. Unable to Calculate the term insurance required… People really do not know the life insurance coverage that they need to take. I will explain in a simple way. There are two methods that planners like me will follow to advise life insurance requirement to …
LIC of India(new jeevan anand) – Why these kind of polices are bad?
When we are about to take a Life Insurance Policy, then first LIC of India name comes into our mind. LIC of India is backed up by Government of India. Lic is offering so many varieties of plans. But some plans are not good for you at all. They will destroy your wealth.New Jeevan Anand policy is famous in LIC OF INDIA. Life Insurance will cover the risk of dying too early and risk of dying too late. Hench, Life Insurance Corporation if it covers above said two risks. But the real problem comes when it is trying to behave differently …
Life Insurance Planning- How much insurance you required under need-based method?
Life Insurance Planning is very important in Insurance Planning. There two methods that you can plan to take Life Insurance Policy. 1. Human Life Value or Income Replacement Method. 2. Need-based method. The life insurance coverage required you can calculate with any one of the methods. In the first place, you should know that life insurance and insurance should not be mixed(read this), and also term insurance is the only policy which is good to take in life insurance to protect dependants from financial loss. Soon I will write an article about the term life Insurance and its benefits. In addition, …
Human Life Value(hlv)- How to calculate in Life Insurance?(Telugu)
Life Insurance a must thing to every earning person in the family to protect their dependants in case of their absence. Moreover, Life Insurance protects Life Insured Dependants financially in his absence. There are a few methods available to calculate the amount of life Insurance needed. 1. Human Life Value Method or Income Replacement Method. Here, In this article, I will give an Excel template to Calculate Human Life Value(HLV) too. Read this article about LIC vs Postal Life Insurance. Click here to read. Want to invest in Shares, then read this article? Click this link to read. Need-Based Analysis or …
