Avail Health Insurance and be a Helping Hand to You and Your Family!
It would help if you had life insurance to protect your family, your friends, or business associates. If anyone is dependent on you, you need life insurance to protect those people. Also, parents with children need it the most.
Types of Life Insurances:
There are two types of life insurance policies. They are Term Insurance Policy and Permanent Insurance Policy or Whole Life Insurance Policy.
Term Insurance Policy is the most common type of insurance policy. Its coverage is for a specified term of years or a certain period of time like 1 year, 2 years, 10 years or 20 years depending on your needs. It is also the most affordable type of insurance. Permanent insurance, on the other hand, covers you for your entire life.
There are certain circumstances where either one or a combination of both may be right for you, depending on your requirement.
Usually, young people do not tend to buy life insurances. But it is less expensive when an individual buys it when he/she is younger. The premiums of these policies are directly proportional to your age and the amount of coverage. If you are young, you will get it at a meagre rate. As you get older, the premiums also go up accordingly.
Term insurance policy is classified into two different types of policies.
- One Year Renewable (OYRT)
- Level Premium Term Insurance
One Year Renewable (OYRT):
If you have a certain premium for a year and you are willing to renew it next year to keep your coverage, the premium will be higher next year compared to this year. In this way, the premium amount increases every year on your renewal.
Level Premium Term Insurance:
In this type of term insurance, the premium amount is calculated on the average of the amount of the term of your coverage. You can take this coverage for 10 years, 15 years, or 20 years. It also gives you a little discount on your premium amount.
Universal Life Insurance:
This is a kind of new insurance policy introduced, and it has been around for a while. It offers the low-cost protection of term insurance. It is a type of flexible permanent life insurance policy.
When you buy a universal life insurance policy, you have a death benefit and the cash-fund that will grow over the years. For this, you can pay a flexible premium amount, meaning you can pay a higher or lower amount than the premium amount according to your convenience.
Get insurance coverage from one of the best online platforms National Family Assurance Corporation. It provides you with many options from which you can choose the best policy according to your needs.
National Family Assurance Corporation:
National family assurance Corp is an online insurance marketplace which acts as a middleman from leading insurance providers. It offers coverages on life, health, home and auto insurance. It is a licensed insurance company working in partnership with New York Life, AIGDirect, Liberty Mutual, Mutual of Omaha, etc.
This is a highly ranked insurance corporation with an A+ rating as of May 2019. It asks customers for brief information of yours about your height, age, smoking habits, drinking habits, treated or prescribed medication within the last 5 years for various illnesses if any.
After filling your necessary details, you will be recommended with an insurance company along with the details on how much life insurance should you purchase and an estimate of what will cost per month. Avail health insurance now and secure your family.
For more information, kindly visit our official website – www.neodrafts.co
