Tag: Life Insurance

1. Could you kindly share with us the difference between voidance and cancellation? Insurers apply voidance to policies where a client’s risk was based on incomplete or incorrect information. This might happen when a policyholder did not make a full disclosure during his or her application – either by careless omission or intentional dishonesty. In this instance, the insurer will refund the premiums paid (less costs) and the claim will be unsuccessful. The cancellation of policies happens under more serious circumstances, where dishonesty took place after a valid insurance agreement…

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Indeed, insurance cannot be directly enjoyed by customers. The reason is, insurance works like when you save, where you can only feel the benefits of life insurance after it is needed or according to the policy agreement. This can certainly help you when your family is facing adversity. By having insurance, the financial losses you suffer can be reduced. Especially for those of you who choose to use life insurance. Apparently, you can use this type of insurance service as an inheritance for your family and loved ones. How to?…

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Get a tailored Life policy that offers you real value Life cover not only offers your family a financial safety net to fall back on after you’re gone but allows you to leave a worthy legacy by ensuring your debts are paid off and your children can continue their education. In exchange for a monthly premium, you will get cover of a specific amount which will be paid out to your beneficiaries or estate in the event that you pass away. What does Life cover include? It includes a lump…

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