In the event that you die, life insurance will help protect your family’s financial security by helping you to pay your bills, mortgage, or even putting your child through college.
Having life insurance can help you tackle many obstacles in life, such as paying off debts, providing for your children’s education, funding your spouse’s retirement, and protecting your business. Most policies will also cover any funeral expenses in the future.
You might be wondering, “why would I need life insurance if I already have health insurance?” Well, life insurance offers different coverage to health insurance. Not only will it protect you, but also your loved ones. There are many factors and reasons why you should get life insurance. Below are some of the reasons why.
Make sure that your family and loved ones have financial security even after you’re gone.
Some life insurance policies also give you the chance to produce income. Invest in various investment classes in addition to life cover, offering superior risk-adjusted returns.
Receive dual tax incentives, where your annually charged premium is deducted from your gross revenue, thus reducing your tax output.
Check out all the promotions offered by your insurer, there will be deals you cant refuse.
In the event that you lose your life during your policy, pay outs to your beneficiaries are tax free.
Was very interesting reading about all the different products, I personally never knew that Thailand had these products.
Buying policy could not be easier than this, my overall experience with the Thaiger has always been really good and now they have added a new addition to their website. The staff is very friendly and have great knowledge of the product. It’s easy, safe, and free.
Thank you the Thaiger for your information. Really appreciate the work you have done.
Thethaiger brings a new meaning to insuretech, easy to understand, all the information is there and all you have to do is inquire for the product you want.
Hi, just wanted to note out how important life insurance is and if you are not covered yet, you should. In a country like Thailand life insurance is something all expaxts should have as you will never know what can happen to your health or life.
Greate process, will use again.
There are several different options when it comes to life insurance plans. The main plans are term life insurance and whole life insurance, but there are several other plans, depending on your needs and financial situations. Check out the list below to see the different plans and there key points.
A whole life insurance plan is a form of permanent life insurance. It ensures that as long as premiums are paid on time, the insured person is covered for the rest of their life. The whole life insurance covers you until the age of 99. The policy can also vary from ordinary insurance plans with a fixed duration, for example, 10, 20, or 30 years.
Term insurance is the most common type of life insurance, the plan provides financial stability for your loved ones, in the event, you lose your life. Term life insurance also offers coverage for a period of time or a “term” that is specified. The death benefit shall be paid if the insured dies within the time stated in the policy.
Retirement savings policies provide opportunities to build up your own income from your pension. You can opt to accumulate your retirement corpus according to your risk appetite, or you can do it by saving a lump sum. By doing either one, you can get guaranteed instant revenue later in life. The retirement and pension plan also provides financial saving techniques, savings, and the distribution of money.
An endowment plan is an insurance product that will give you a combination of insurance coverage as well as saving plans. The plan also pays out a lump sum of money at the end of your set term. If you lose your life during the term, your beneficiaries will receive all the benefits.
Over 50 life insurance plan is a type of plan that you can take out if you are aged between 50 and 80. You pay monthly premiums, and in exchange, your loved ones will receive a cash sum when you pass away. The cash your family get will help contribute towards funeral costs, or you can leave it as a gift.
I took my life insurance policy from the Thaiger, and I’m glad I did so. It was a great decision! Deciding and getting this insurance was easy and quick, with no stress or delays. They don’t try to talk you into stuff you don’t want or need. I haven’t run into any problems with them so far. I live with peace of mind now, knowing that I have secured a better future for my family even after I die.
Top tip: Read each policies thoroughly to know what you actually need and don’t need.
There are so many different options for buying life insurance, which may make it seem very complicated. But you have nothing to worry about because we’ve got you!
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While we can’t prevent the unexpected from happening, we can always get some protection. In addition to Life Insurance, the following insurance will also safeguard you financially should certain unwanted things happen..
Accidents can and do happen, as much as we’d like to avoid them. Personal accident insurance can help you with the aftermath of an accident, especially those that cause serious harm to your life and finances.
Healthcare can be expensive, so let health insurance be your safety net. If you get sick or injured unexpectedly, health insurance can help cover all the costs that you may not be able to pay on your own.
One critical illness, such as heart attack, cancer, or stroke, can really wreak havoc on your financial condition. Critical illness insurance can cover you from the expensive medical treatment of serious illnesses.
Getting life insurance is one of the most important things you can do. It can help you in many stages of your life, from giving you security, ensuring education for your children, covering your financial cost, getting tax benefits, and preparing yourself for retirement. The list below shows you the main coverages of life insurance.
It means you’ve saved enough money to cover emergencies and your future financial objectives. You no longer need to worry about whether your income is going to be enough to cover your expenses.
A cross between a savings account and life insurance. It is planned to help parents save and ensure that adequate funds are available in the future for their child’s college education. This policy is designed to help parents save and ensure there would be sufficient funds for their child’s education.
Loans can be repaid without the possibility of losing an asset to your family or stress about arranging funds.
You can prepare for a secured retirement plan with annuity-based life insurance policies that offer monthly pensions upon maturity.
Benefit from annual tax deductions payable from life insurance premiums.
Life insurance policies for the whole family will offer much-needed financial protection for you and your loved ones, but with all the options out there, what kind of coverage do you really buy?
It is always a smart idea to buy a life insurance policy for yourself; it means that in the event of your death, your family members will not suffer financially. Sadly, to be completely prepared for a family death, just insuring yourself might not be enough. You may also need to consider their life insurance policy, should they get married, have children, or depend on you, as the parents, for income. Fortunately, you can easily get life insurance for your whole family with our family life insurance.
In the event of your death, a life insurance policy is intended to cover your dependents by ensuring the financial protection they would otherwise have been lost.
A life insurance policy will help anyone, however, it is recommended that parents and other customers who have financial dependents should consider getting life insurance plans. As your plan will aid you with coverage for costs that remains after death and many more.
Various life insurance policies have various price tags. There will be fees that you pay for certain policies, for instance, whole life coverage plans, premiums are set and due annually with a fixed price.
If you are looking for more flexibility in the payment of premiums level term life insurance will require you to pay for the set amount of days you will be covered for.
You can assign anybody to be your beneficiary. You may have 1 person or several individuals, you can even choose a charity, trustee, or your estate named as your beneficiary.
Any death benefits paid out will go to your estate if you did not specifically list a beneficiary.
The premiums you pay for your life insurance policy are not tax-deductible.
The death benefit is the amount of money that, following the death of the policyholder, a life insurance policy provides to the beneficiary. Usually, it is untaxed and payable in a single lump sum.
You will own many life insurance plans at one point. Due to restrictions on the total amount of coverage you can own, it can be hard to obtain multiple policies at once, but a licensed professional can guide you navigate the process.
Permanent life insurance never expires and contains a portion of “cash value” that increases (or shrinks in some cases) over the life of the policy. There are several types of insurance for permanent life: whole, universal, variable, and universal variable. Full life insurance is the most widely marketed form.
Whole life is a type of permanent life insurance that includes the following features, you pay the price of the fixed premium at a guaranteed (but low) fixed rate, the cash value variable rises.