Tag: Insurance

Permanent life insurance pros and cons

Permanent life insurance policies, such as whole and universal life insurance, provide coverage for the rest of one’s life typically include a cash value component. The cash value of a permanent policy over time and can be used to premium or obtain a loan from the insurer. So here this article gives the permanent life insurance pros and cons to better understand this topic. Pros of permanent life: The policy lasts for life(Guaranteed death benefit). […]

Term life insurance pros and cons | Advantages

A term life insurance plan, also known as the term insurance policy, is a type of life insurance that pays out to the nominees in the event of the insured death. In exchange for this guarantee, a set of amounts of premium is deducted at regular intervals. In addition, purchasing a term insurance policy during the current COVID 19 outbreak is a must. So before you have to buy a term life insurance policy let […]

Health insurance pros and cons | Advantages

Health insurance is the primary means by which most consumers pay for medical and hospital expenses. There are two types of health insurance public and private. There are significant differences between a health-managed organization plan and a preferred provider organization plan in the category of private health insurance. So here this article gives the health insurance pros and cons to better understand this topic. Pros of Health insurance:  The benefit of health insurance is that […]