Life insurance can be of two types-whole life insurance and term life insurance. As the name suggests, whole life insurance covers the whole life, as long as the policy is held and is beneficial only on the demise of the policy holder. Obviously, the benefits of whole life policy depend upon the value of the policy at the time of death of the policy holder. A cash value on the tax defer basis is also accumulated. The dividends are paid throughout the life of the policy.

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The role of women in society has changed dramatically over the last fifty years. We have moved from an expectation that girls will marry young, stay home and bring up children to a new world in which women are financially independent and less dependent on the decision-making powers of their fathers and “husbands”. This has, in some ways, made life more difficult for women. They must now find a balance between developing a career and the biological drive to have children.

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Life insurance as you all may know is insuring the life against unforeseen events happening in your life. Today the life has become so stressful that you need to get yourself protected at every point of time. Your loved ones who are dependent upon you for all your financial needs in life will become helpless if they are to face with any kind of situation like this. Read more »

Trying to figure out the actual definition of term life insurance may end up at something like this: the insurance capable of providing coverage up to a specific time limit at a particular and fixed rate of payment. After the stipulated coverage time, the policy does not exist and there by the client either has to forego the policy or try to get potential further coverage with different payments and conditions.

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The American Cancer Society estimates doctors will diagnose over 1.4 million new cases of cancer in the U.S. in 2007, with more than 559,650 cancer-related deaths. If you are among the majority of cancer patients and survive for at least five years following your diagnosis, you may face another fight: buying life insurance.

Buying life insurance for cancer patients is challenging, but not necessarily impossible. Your chances for securing a policy depend greatly on the type, stage and grade of the cancer, and even on the treatment plan. There is a relationship between the rate you’ll receive and the curability of your cancer. Read more »