Insurance Planning -Why some times will fail in Life Insurance, Health insurance etc?
Sometimes Insurance planning will fail. People do take life insurance and health insurance etc to protect themselves from financial loss due to unexpected death or health issues etc. For this, they do Insurance Planning. Insurance planning also part of Financial Planning. Therefore, I have added this article in Financial Planning category. But sometimes this Insurance planning will fail. Recently I had a discussion with a Government Employee. He is working in Andhra Pradesh State Government. They have mandatory Department Life Insurance called APGLI. In the conversation, he said that If Life Insurance Policy of Lic or any private Life Insurance …
Life Insurance Planning- How much insurance you required under need-based method?
Life insurance planning is very important in insurance planning. In addition, there are two methods that you can plan to take a 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 that is good to take in life insurance to protect dependents from financial loss. Soon I will write an article about the term life insurance …
