The ultimate guide to life insurance

Life insurance is one of the most vital pieces of your family’s long-term financial plan. It is a contract between an insurance company and a policyholder. In exchange for premium payments, the insurance company provides a lump-sum payment, known as a death benefit, to beneficiaries upon the insured’s death. The policyholder typically pays a premium, either regularly or as one lump sum. Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. Other expenses, such as funeral expenses, can also be included in the benefits. Choosing the best life insurance isn’t as simple… Continue reading

Car insurance: what you need to know

Vehicle accidents or theft happen, and when they do, car insurance can help you to keep your finances safe and sound. Car insurance is a contract between you and the insurance company that protects you against financial loss in the event of an accident or theft. In exchange for your paying a premium, the insurance company agrees to pay your losses as outlined in your policy. How much car insurance coverage helps, however, is up to you, and this is determined by the combination of options that comprise your insurance policy. Policies are generally issued for six-month or one-year timeframes… Continue reading

Loans: the complete and easy guide

Usually, when we want to satisfy our lives, needs or desires, but we have no money to do this, we go to a lending institution and apply for a loan. In finance, a loan is the lending of money by banks, credit unions, online lenders, credit card companies, etc. The borrower incurs a debt, and is usually liable to pay interest on that debt until it is repaid, and also to repay the principal amount borrowed. Choosing the best loan isn’t as simple for most of the people, because there are many types of loans designed for different financial circumstances…. Continue reading