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Do I pay insurance premiums monthly or yearly?

Is it better for me to pay for my insurance premiums monthly or yearly?

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    The bulk of that decision lies with your cash flow plays a major part in determining if you pay monthly or yearly. If you choose to pay monthly as a result of cash flow, you will have the advantage of easier expenses tracking but the disadvantage of losing the discount in the process. The discount varies from 1% to 3% and the policy paid for. For yearly payment, you will have to pay about 3% more than if you had paid monthly. So it is really up to your cash flow position.

    2019.08.01 18:0

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Does term insurance have more worth than life insurance to you?

Put simple, term insurance is cheaper if you're planning to stay covered for the next 10 to 20 years and less than 70years in general. Whilst the whole life insurance is cheaper if you prefer coverage until 99years with limited payment term. You can opt for a mix of both the whole life and term plans, where the whole life plan covers your final expenses and/or daily expenses for you and your family in the event of untimely death or critical illnesses. Also term plans of about 10 to 20 years can come in handy if you have new-borns as extra coverage will be needed during the years when your children are growing up. In conclusion, there are no right or wrong in planning like this. How much to buy and what to buy depends on what your priorities are.

I have been ill for the past weeks

Singapore has a lot of insurance companies. Any insurance companies offer a variety of healthcare coverage plans that can range from outpatient treatment to disability coverage. With the government helping to take care of citizens large hospital bills, employers actively try to cover their employees' outpatient care and smaller bills.

What are the insurances that are locally present?

Insurances has different categories. It is not only usable here in Singapore but it can be also used in other countries. Insurances keeps your budget safe when something happens to you. It also helps you with some expenses that are not planned a long the way that occurs to the owner of the insurance.

What is the scope of those accident insurance?

There are a bunch of different kinds of insurances. In this situation, if she has medical insurance, it is covered by it. Having insurance is a good thing to have for emergencies like this. You can use your insurance most of the time in times of need. Having different kinds of insurance is not a big deal, it is just for your security.

How can I assure that the insurance company is legit?

Insurance companies today are expanding and have a lot sister companies or even subordinates. It is hard to distinguish if these companies are even legit or legal. You can visit the website of these insurance companies to see what are the feed backs. There are also great advertisments that is recognized by the government.

I have been fraud by the insurance company.

Insurances companies comes from different countries that have different branches from all over the world. But there are companies who offers insurance that has great offers that will lure you to them. It is not a good thing to invest on insurance companies that seems fishy. Always background check the insurance company before availing one. If you know a insurance company that is a fraud, report the to the authorities for them to handle.

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