Pre-existing conditions are medical conditions that existed before an insurance policy was taken out. Insurers usually exclude claims arising from pre-existing conditions, because insurance policies are intended to cover unexpected occurrences. Pre-existing conditions could be an injury, illness, sickness, disease, or other physical, medical, mental or nervous condition, disorder or ailment that with reasonable medical Read more about Effects of Non-Disclosure of Pre-Existing Medical Conditions[…]

Very often consumers take out Credit Life Insurance without actually knowing what it is. Simply stated, “Credit Life Insurance” is a life insurance policy taken out by a borrower in order to pay off a borrower’s debt if that borrower dies, is disabled or retrenched. In a typical policy, the borrower will pay a premium Read more about WHAT BORROWERS NEED TO KNOW ABOUT CREDIT LIFE INSURANCE[…]

If you are approached to take out an insurance policy or when you plan to do so on your own accord, you may be asked by the broker or agent to sign a blank contract and that the rest of the information will be filled in later at the office. If that happens, REFUSE! Pay Read more about NEVER SIGN BLANK OR INCOMPLETE CONTRACTS[…]

In tough economic times, people are sometimes left scrambling for cash to meet everyday expenses and lifestyle demands. Your insurance investments are a possible source of funds to meet your financial needs. You may either opt for early withdrawal or surrender. Surrendering an insurance policy means exiting from the insurance policy before the maturity. It Read more about Effects of early withdrawal or surrender of investment plans[…]