✅ What is an insurance policy ?
An insurance policy is a legal contract between an insurance company and an individual or organization that outlines the terms and conditions of the insurance coverage being..
✅What is a deductible ?
A deductible is a predetermined amount of money that a policyholder must pay out of pocket before their insurance coverage kicks in and the insurance company begins..
🛡️ Why Do I Need Insurance?
Helps you comply with legal requirements: Many types of insurance, such as car insurance and worker's compensation insurance, are required by law. Having insurance can help you avoid..
What is a premium ?
A premium is the amount of money an individual or business pays to an insurance company to purchase and maintain an insurance policy. The premium is typically paid on a regular..
What affects insurance cost ?
Several key factors determine how much you’ll pay for life insurance: • Age: Younger applicants typically receive lower rates. • Health: Your medical history, weight, and any pre-existing conditions affect your premium. • Lifestyle: Smoking, high-risk hobbies, or dangerous jobs increase costs. • Coverage Amount: More coverage means a higher premium. • Policy Type: Term life insurance is usually less expensive than permanent options like Whole or Index Universal Life (IUL). • Gender: Statistically, women live longer, so they often pay less. Tip: The earlier you secure a policy, the more affordable your rate tends to be.
How to file claim ?
Your insurance company will guide you through the claims process, which may include filling out forms, providing documentation, and working with a claims adjuster to assess the damage..
💬 Still Have Questions?
Faq Questions
🛡️ Why Do I Need Insurance? Top Questions Answered—In Plain English
✅ What Is Insurance—And Why Does It Matter?
Insurance is peace of mind in a plan. It’s a contract that protects you financially when life throws the unexpected your way, like a car accident, major illness, or the loss of income. It’s not about fear. It’s about being prepared.
✅ What is the purpose of insurance ?
The purpose of insurance is to protect individuals, businesses, and other entities from financial losses due to unexpected events or accidents. Insurance provides a way to transfer the risk of loss..
✅ How does insurance work ?
Insurance works by pooling together the risks of many individuals or organizations and distributing the financial costs of unexpected losses among the members of the pool. Insurance companies..
✅ I’m Young and Healthy. Do I Still Need It?
Absolutely. In fact, now is the best time to get coverage. Insurance is most affordable when you're young and healthy. Plus, locking in a policy early means: • Lower lifetime costs • Protection while you build wealth • Future-proofing in case your health changes
✅ Isn’t Insurance Just Another Monthly Bill?
Not when it’s the right kind. Some policies—like Index Universal Life (IUL), go beyond protection. They build tax-advantaged savings, offer access to cash, and include living benefits like chronic illness coverage. It’s not just protection; it’s a powerful part of your financial plan.
✅ Can’t I Just Save Money Instead?
Saving is smart, but insurance is protection you can’t out-save. If something happens to you tomorrow, your savings may fall short. Insurance provides instant, tax-free funds when your family needs them most. Think of it as your emergency backup plan that never sleeps.
✅ What Types of Insurance Should I Consider?
Every family should consider: • Life Insurance – Protect your loved ones if the unthinkable happens • Health Insurance – Cover unexpected medical expenses • Disability/Income Protection – Keep your income flowing • Living Benefits Riders – Access funds in case of illness • Cash-Value Policies (like IUL) – Build wealth while staying protected
✅ How Much Insurance Do I Need?
Start by thinking long term. A common guideline is 10–15x your annual income. But the best way to know? Speak with an advisor who can tailor a plan to your goals, family size, debts, and dreams
✅ Is Insurance Only About Death?
Not anymore. Today’s modern policies are about living well—and living smart. Use them to: • Grow savings • Fund college • Supplement retirement • Cover care if you get sick • Leave a lasting legacy
