by root | May 20, 2024 | Insurance
It’s time for a refresher course on the Federal Employees Group Life Insurance program. I say that because it’s a benefit program for federal employees and retirees that doesn’t get much attention. So, let’s start at the beginning. FEGLI comes in four parts – Basic...
by root | Apr 11, 2024 | Insurance
The postal life insurance plan provides significant premium returns on life insurance. This program offers a maximum guaranteed amount of INR 50 lakh. The Government of India provides this policy to workers in central and state public sector enterprises, universities,...
by root | Mar 29, 2024 | Insurance
There is a common misconception that life insurance benefits are not subject to estate tax. While the proceeds of a life insurance policy are not taxable income to the beneficiaries, they are part of a person’s taxable estate if the insured dies owning the policy. The...
by root | Feb 5, 2024 | Insurance
Have you designated a life insurance beneficiary? Providing for loved ones upon your death remains a priority for many people. That’s why it’s important to choose beneficiaries. Failure to do so could tie up death benefits in probate court, and court costs could...
by root | Feb 2, 2024 | Insurance
Life insurance plays a key role in every Indian’s financial planning strategy. It is not just a component; it serves as a key safeguard for securing one’s future. It is paramount to understand the focal role of life insurance in protecting your loved ones from...
