There is no doubt that single parents have special challenges, especially while trying to balance their work life with their home life. It’s even more challenging when single moms have multiple children to raise while they are working. They have so many balls in the air that represent their responsibilities, it is almost mind-boggling. In […]
Most life insurance policies provide that premiums may be paid at any time within a period of generally 30 or 31 days, following the premium due date, the policy remaining in full force in the meantime. If death occurs during the grace period, the premium is deducted from the proceeds payable. As a general rule, no interest is charged on over-due premiums if paid during the grace period.
Group life insurance:
A form of life insurance covering a group of persons generally having some common interest, such as employees of the same company or members of the same union or association, etc.
Guaranteed insurability option:
An option offered under some life insurance policies, whereby additional insurance may be purchased at various future times without a new medical examination or other evidence of insurability.
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Something quite interesting about today’s life insurance market is that very few people pay more premium for being affected by asthma. In the grand scheme of things, only the worst cases of asthma are rated sub-standard by most life insurance companies. Yes, there is affordable life insurance with asthma. When someone is shopping for life […]
The Medical Information Bureau (MIB) provides a collection of private medical and non-medical (hazardous avocations, hobbies, and driving violations) data. The primary purpose of the MIB is to furnish the exchange of underwriting information between its member companies. Member companies are compelled to report a coded summary of conditions and conclusions which may be important […]