Tag: life insurance

Insurers can reject policy claim during the contestability period

My friend bought a life insurance policy two years back and recently died in a car accident. The insurer rejected his claim on the basis...

My grandfather cut my mom out of his will and left everything to me. If she’s the beneficiary on his retirement and life insurance, do I get those too?

Dear Quentin, My grandfather, 86, recently changed his will to specifically exclude my mother — his daughter — and leave everything to me. If my...

There’s more to term insurance than low premiums

Term insurance has become an important element of many people’s lives today. Almost all life insurance companies have introduced term insurance products in response to...

Buying term insurance in your 50s? Better late than never

In such a situation, if, for instance, your existing life insurance policy term gets over, or you haven’t even purchased a policy yet, then should...

Opinion: What is true financial freedom?

Two recent surveys show the troubles Americans are having with money, and especially with retirement. And it’s not just in the wake of the pandemic,...

Adding value funds can enhance your portfolio

I am investing in the following funds and have considered flexi-cap and large- and mid-cap funds as my core portfolio. I have adequate life and...

Follow the 5Cs buying model when purchasing life insurance online

The insurance industry has strengthened its digital outreach to remain relevant amid the Covid-19 pandemic. Purchasing a life insurance policy online is easy, quick, safe,...

I’m a 55-year-old single mom adopting a teenager. I have $550,000 in my retirement account, make $295,000 a year but would like to retire early. Can I?

I am a 55-year-old single woman with one 19-year-old child, and am a lawyer. My annual salary is $295,000. I own a home worth about...

Chipotle’s lunchtime business is picking up, a sign that workers are heading back to the office

Lunchtime at Chipotle Mexican Grill Inc. is picking up, according to Chief Financial Officer Jack Hartung, a sign that workers are heading back to their...

Dow opens higher as stocks extend rebound rally

U.S. stocks opened higher Wednesday, as healthy corporate earnings reports support a rebound from a plunge that kicked off the week on fears that the...

Three important life insurance myths debunked

NEW DELHI : Sometimes the decision to purchase life insurance can make people anxious as they have many doubts on the matter. Here are three...

What does a mature streaming service look like? Netflix is about to show us

Netflix Inc. proved to the world that streaming video could be a big business. Now it will show the world what that business looks like...

A simple formula to check your life insurance needs

In general, the ideal life insurance policy amount can be calculated by considering your long-term financial obligations. Need for life insurance: The universal rule is...

Declare beneficial nominees while purchasing life insurance

Did you know that when an insured person dies, his/her nominee becomes the receiver of the claim amount? He cannot use that money by himself...

What you should know about your life insurance nominee

Beneficial nominee: Ordinarily, a nominee is simply a custodian of assets for a person’s heirs. However, the situation is different in the case of a...

Term and health insurance top priority amidst Covid-19 pandemic: Study

NEW DELHI: Over 90% of Indians believe that health and term insurance is important for their financial safety and mental wellbeing, as per the findings...

Allow life insurers to play bigger role in healthcare ecosystem, HDFC Life chief Parekh urges Irdai

Life insurers in India should be allowed to play a bigger role to create an ecosystem in the healthcare sector so that they can be...

Rethinking your career during the COVID-19 pandemic? You’re not alone

The pandemic has made many Americans reassess what they want out of their jobs, a new report suggests — and some are ready to pursue...

Two of three individuals intend to invest in ULIPs in coming year, says survey

NEW DELHI: Two out of every three Indians intend to invest in a unit-linked insurance plan (ULIPs) in the coming year, as per a survey...

Three ways to reduce life insurance premiums

NEW DELHI: The cost of insurance premiums should be seen as an investment, which enables your and your family’s safety during uncertain times. Hence, you...

Chipotle’s upcoming launch of smoked brisket should make recent price hikes easy to swallow

Chipotle Mexican Grill Inc. has raised prices, but that shouldn’t stop the fast-casual Mexican chain from gaining market share, according to Wedbush analysts. “We instituted...

What is inflation? Hint: It’s not the 12% increase in rental-car prices last month

When Chipotle CMG, +1.21% CEO Brian Niccol shared that the company has increased its menu prices by nearly 4%, some customers thought they knew exactly...

My sister took care of our parents, and kept their $80K savings when they died. Now she wants to live rent-free in their house

Prior to my mother’s passing, she left all her monetary assets to my dad: insurance policy, annuity, cash monies, etc. She named me as the...

How to file a life insurance claim for a missing person

MUMBAI: Many people go missing every year in cyclones, incessant rains, cloud bursts and landslides. Claiming insurance for a missing person can be slightly tricky...

Should you buy multiple life insurance policies?

MUMBAI: As people age, their responsibilities keep adding up. While a single insurance policy might suffice a 30 year old with a limited sum insured,...