123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Health >> View Article

What Is A Financial Planning Benefit On Life Insurance?

Profile Picture
By Author: cispratik
Total Articles: 42
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

When you set up a life insurance or any income insurance plan you have a wide range of choices. There will be an array of life insurers offering plans and there will be different life insurance plans to select from. So there are a range of considerations - for example you will want to check the financial strength of the insurer you are considering (do they have an independently assessed financial strength rating?). And cost is always a factor - comparing the current and long term price of the life insurance is important. If plans are from insurers with similar financial profiles and comparable policies, then opting for the most cost effective life insurance plan will make sense. A third consideration is plan quality - what are the specific benefits or features that the plan you are considering offers relative to other life insurance options? We will take a look at one common feature you might be offered - a financial planning benefit.

The way this works is simple and easy to understand. If the insured person passes away and the insurer pays out the insured lump sum, they will also pay an additional amount to help with ...
... the cost of engaging a financial planner to help with the use of the lump sum. This can use very useful, as life insurance lump sum payments are often very large (many people would never have had a cash lump sum that large before) and people can struggle to know how to use or save the money wisely.

So this can be a very useful benefit to have on a health insurance new zealand plan. There are a few things to check. One is the size of the payment. Around $2,000 is typical, however this can vary, so is worth confirming. There can also be conditions around the payment of the financial planning benefit. One might be that the lump sum payment needs to be above a certain amount (for example $100,000). Or the life insurance plan might need to have been in force for a certain number of years before you qualify for the financial planning grant.

health insurance new zealand provides you better services specially in Income insurance which is really simple and it's only important if your death is going to impact on someone else financially.

Total Views: 270Word Count: 390See All articles From Author

Add Comment

Health Articles

1. The Vital Role Of Hospital Elevators In Modern Healthcare Facilities
Author: Harsh Shahi

2. Unlocking The Benefits Of A 3-day Water Fast: A Journey To Inflammation Reduction, Longevity, And Gut Healing
Author: Dr. Nick Zyrowski

3. Is Credelio Plus Good For Dogs?
Author: VetSupply

4. Best Dental Clinic In Nagpur. Dr. Suryawanshi’s Dental Clinic
Author: Priyanka Suryawanshi

5. What Is The Difference Between Frontline Plus And Frontline Original For Dogs?
Author: VetSupply

6. What Is Icsi Treatment And Its Cost?
Author: SCI IVF Hospital

7. Is Advantage For Dogs Any Good?
Author: VetSupply

8. What Is An Advantage For Cats Medicine?
Author: VetSupply

9. Prioritise Your Health: Get An Essential Health Checkup In Thane
Author: Dr. Vaidya’s Laboratory

10. Why Does My Nose Run When I Eat? Symptoms And Treatment
Author: AllergyX

11. What Is Advantix Used For In Dogs?
Author: VetSupply

12. The Healing Power Of Hot Tubs: 7 Health Benefits You Didn’t Know About
Author: Andrew Strauss

13. Write A 1500 Words Blog On This Topic - Does Frontline Plus Really Work On Cats?
Author: VetSupply

14. Maternity Hospital In Jaipur
Author: YATIKA

15. The Importance Of A First Aid Dressing Kit In Emergencies
Author: medguard

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: