Why the hack of buying life insurance at a young age? Why the hack of buying Life Insurance at a young age? Let’s go more in-depth with real-life examples and illustrations of why buying life insurance early is important. Here’s a detailed explanation with examples that may resonate: ### 1. **Health Advantages: Lower Premiums […]
Category: Life Insurance
Beware 1 setback of MRTA for bank housing loan
Beware 1 setback of Mortgage Reducing Term Assurance Beware 1 setback of MRTA for bank housing loan. One alternative to mortgage-reducing term assurance (MRTA) is mortgage-level term assurance (MLTA). MLTA is a whole life insurance policy that provides coverage for the full duration of the mortgage term. Unlike MRTA, the coverage amount remains constant throughout […]
Insurer and Agent Ignore Duty of Disclosure
Insurer and agent ignore duty of disclosure. The insurer and agent are not following the duty of disclosure. In the insurance industry, there is a rule that the applicant must sign on the dotted line before the agent can submit the proposal form to the company. In the life insurance industry, to fulfil the quote or qualify […]