I love wearing Indian ethnic wear on special occasions or festivals. A Saree is one of my favourite ethnic attire to wear during Puja or family get-togethers. Again in sarees, I have a soft corner for handloom sarees. The beauty and feel of these handwoven slow crafted sarees are truly mesmerizing. It was Durga Puja time and Diwali is also approaching in few days, hence I thought to buy a beautiful handloom saree to celebrate all these festivals with extra joy. Huts and Looms Tissue Silk Saree In case you are wondering what a handloom saree is, then let me tell you in brief. Handlooms are basically handwoven fabrics made on a weaving machine called a loom. Hence, the name comes from HandLoom. It is a slow-crafted process, as it needs the utmost patience, creativity, and physical strength to create a masterpiece. Handloom sarees are generally priced because of this reason. I feel every woman looks graceful, powerful and amazing in a saree. Handloom sarees are representing our cultur
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Life is very much unpredictable and we have no control over it . Hence the wisest decision is to protect future by planning your finances in proper way. People normally buy life insurance policies to secure their future and their family's future. But are you sure that you are planning your finance in a right way or not ? Ask this question to yourself and you will gonna blank i am sure.
well. leave that.. just imagine ,when you will become financially weak and not able to cover the monthly premiums ,then.. This case happens mostly after age 60-65 when a person take retirement from his/her job. That time there is an option to sell your policies and to get a surrender value of your life insurance policy. Are you finding all these terms difficult to understand ? Let me clear everything for you..
There are several reasons to sell the policy in the middle . Like i said earlier ,if one is unable to pay the premiums , then can sell their policy. Again if someone has a need of urgent money and has no cash near by ,then that person can sell his/her policy . Another reason is , if you have no one in immediate relatives or closed ones who can claim your policy after your death ,then you can sell your policy to get the cash surrender value to full-fill your needs.
These are all the reasons to sell your insurance policy ,then you must be wondering on, what is cash surrender value. So let's talk about that.
Cash surrender value of life insurance policy is the amount of cash that you can withdraw if you surrender your policy to your insurance company and allow it to lapse . When you surrender your policy ,you will no need to pay the further premiums. The cash value you are getting after surrendering will vary according to variety of factors. When you pay any type of cash value life insurance policy such as universal life policy or whole life policy , some of the money of your premium goes to the death benefit protection of your policy. Some money goes under different costs of your policy. And the rest amount is deposited into the cash value of the account. You will get more cash value if your policy is more older. Such as if your policy is 30 years old ,then you will get much more higher cash value that your 5years old policy.
If you are worrying about the taxation of your cash surrender value , then no need to worry ,because most of the time the cash surrender value comes under tax free . Isn't it great ?
Well, there are so many companies and agencies which can help you to plan your finances, to sell your policies and to get your cash surrender value ,etc. But you never know who are fraud or not and their charges also very high. In this case Mason Finance comes into limelight .
With Mason finance you can get a clear view of your estimation within minutes. Everything is so transparent there and you will get all detailed information regarding your settlement and cash value without much effort. Hence you can consider Mason finance if you are interested in planning your finance or selling your policies,etc..
** Images - Pixabay and mason finance
Life is very much unpredictable and we have no control over it . Hence the wisest decision is to protect future by planning your finances in proper way. People normally buy life insurance policies to secure their future and their family's future. But are you sure that you are planning your finance in a right way or not ? Ask this question to yourself and you will gonna blank i am sure.
well. leave that.. just imagine ,when you will become financially weak and not able to cover the monthly premiums ,then.. This case happens mostly after age 60-65 when a person take retirement from his/her job. That time there is an option to sell your policies and to get a surrender value of your life insurance policy. Are you finding all these terms difficult to understand ? Let me clear everything for you..
There are several reasons to sell the policy in the middle . Like i said earlier ,if one is unable to pay the premiums , then can sell their policy. Again if someone has a need of urgent money and has no cash near by ,then that person can sell his/her policy . Another reason is , if you have no one in immediate relatives or closed ones who can claim your policy after your death ,then you can sell your policy to get the cash surrender value to full-fill your needs.
These are all the reasons to sell your insurance policy ,then you must be wondering on, what is cash surrender value. So let's talk about that.
Cash surrender value of life insurance policy is the amount of cash that you can withdraw if you surrender your policy to your insurance company and allow it to lapse . When you surrender your policy ,you will no need to pay the further premiums. The cash value you are getting after surrendering will vary according to variety of factors. When you pay any type of cash value life insurance policy such as universal life policy or whole life policy , some of the money of your premium goes to the death benefit protection of your policy. Some money goes under different costs of your policy. And the rest amount is deposited into the cash value of the account. You will get more cash value if your policy is more older. Such as if your policy is 30 years old ,then you will get much more higher cash value that your 5years old policy.
If you are worrying about the taxation of your cash surrender value , then no need to worry ,because most of the time the cash surrender value comes under tax free . Isn't it great ?
Well, there are so many companies and agencies which can help you to plan your finances, to sell your policies and to get your cash surrender value ,etc. But you never know who are fraud or not and their charges also very high. In this case Mason Finance comes into limelight .
With Mason finance you can get a clear view of your estimation within minutes. Everything is so transparent there and you will get all detailed information regarding your settlement and cash value without much effort. Hence you can consider Mason finance if you are interested in planning your finance or selling your policies,etc..
** Images - Pixabay and mason finance
You are exactly right. We do not have control over life and the uncertainties. A life insurance covere will definitely help the dependents especially if there are any liabilities due
ReplyDeleteThis is too good, I am going to check Mason finance, and this is actually true sometime we miss paying premium becaise of some financialissue and then the policy gets lapse of need to pay some fine but this sounds good. Thanks for sharing this.
ReplyDeleteI am looking for some policies options which can benefit my son in long term..would keep Mason finance in mind..
ReplyDeleteThis is so informative post. I am going to share this with everyone in my circle..Planning finance is really important part of life & Mason Finance Policy is a good option :)
ReplyDeleteIt's good you highlighted some of those important points about the necessity yi have a good partner like Mason to plan one's finances.
ReplyDeleteI had no idea that there are companies or agencies that can help in policy settlement or selling the policies. Its easy to buy one but I think so much difficult to get oùt of it. Thanks for sharing.
ReplyDeleteHey, I also have insurance policies, but didn't think this way. You made me thoughtful. Definitely gonna check out Mason finance
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I am such a noob when it comes to investments. This article is insightful and will help me to plan sound finances. Thanks for sharing.
ReplyDeleteGood to know that they can work for policy settlement . I've always explores various investment options and I'll check out more about Mason finance
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ReplyDeleteI was unaware that we can sell our life insurance policy. I will surely visit the Mason Finance website for more details and will share this topic with my family.
ReplyDeleteThanks for sharing this. It's so informative and helpful. Never knew something like this existed. Will recommend it to friends and family
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ReplyDeleteIt is such an amazing thing that we can sell our life insurance policies when in need! It is a great thing for older people who need money and have no source of income! Mason finance is doing a great job!
ReplyDeleteThis is such a great help for investment newbies.I was not aware that these facilities are available in India
ReplyDeleteUncertainties knock our door uninvited. And that's why life insurance is must. Loved the detailed post.
ReplyDeleteThese important points will always be remembered. You excel in finance writing and this blog post shows it all.
ReplyDeleteIt is so important to find the right and trustworthy authority to guide us with planning our finances. it is so easy to take a few mis-steps and end up in an ugly position. Once must be on the vanguard!
ReplyDeleteI had no idea about these policies. This is such an easy and helpful article. Thankyou for sharing this article
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