Life Insurance For the Poor

Insurance decoder:
Life insurance companies generally provide loans against endowment policies if you have been a policyholder for a stipulated minimum number of years- normally between three and five years. Life insurance policy will also pay the claim in case of death. The knowledge that you have insurance should be a relieving factor, but that is not to say that you do no take the necessary precautions. They offer the higher of the sum assured and the fund value to the nominee upon the death of the policy holder.

Helping hand:
Poor people can either go for individual policies or joint policy. If you discontinue a term affordable life insurance policy, you do not lose financially. However obtain a fresh policy before discontinuing the existing policy, so that there is no break in the risk cover. Looking at the overall you can find it moderate in terms of costs and flexibility.

Investment strategy:
Life insurance policy give investment strategies. Some fund options are for those who do not want to take calls on which funds to invest in. It pick a strategy of maximizing the income when the capital market is soaring by locking returns and covering the investment during volatile markets by limiting capital exposure.

For those who would like to control their own portfolio, there are also have a funds. If you stay in the plans for more than 10 years, the policy give you with the guaranteed loyalty units that add up to your fund values at the end of 10,15 and 20 years at the rate of some percent. You can surrender your policy at any time of the year given you have paid the premiums for three regular years. The surrender value, however will be payable only after the fullfilment of the third policy.

Features:
Affordable insurance is not a agreemnet of relive, one can have more than one insurance policy, and in the event of death of the policy holder, all policies pay the amount insured. In routine the most of the life insurance agents do recive and deposit the premium on the policies sold by them, it is not obligatory on their apart to do so. In fact, after issuance of the affordable life insurance, the responsibility of keeping the policy on force lies on the policyholder. Therefore there is no provision to blame the agents for not receving the premium before the due date. Many of the insurers now a days have the facility of payment of premium online.