Life insurance is a contract between an individual (the policyholder) and an insurance company. In exchange for regular premium payments, the insurance company provides a death benefit to the policyholder’s beneficiaries upon the policyholder’s death.
Life insurance provides financial protection for your loved ones in the event of your death. It can help cover funeral expenses, pay off debts, replace lost income, and provide for your family’s future financial needs.
There are two primary types of life insurance: term life insurance and permanent life insurance. Term life insurance provides coverage for a specific term (e.g., 10, 20, or 30 years), while permanent life insurance, such as whole life or universal life, provides coverage for your entire life and includes a cash value component.
It’s possible to get life insurance with a pre-existing condition, but the availability and cost of coverage may vary. You may need to provide medical records and undergo a medical examination, and your premium rates could be higher.
The amount of life insurance you need depends on your individual circumstances, including your financial obligations, such as mortgage, debts, and future expenses like education for your children. A common guideline is to have coverage that’s 5-10 times your annual income.
The cost of life insurance varies based on factors like your age, health, coverage amount, and type of policy. Term life insurance is generally more affordable than permanent life insurance. It’s essential to shop around and compare quotes to find the best policy for your budget.
Yes, you can typically make changes to your life insurance policy, such as adjusting the coverage amount or beneficiaries. However, changes may require a medical exam and could impact your premium rates.
If you stop paying your premiums for a term life insurance policy, your coverage will typically lapse, and you won’t receive any benefits. For permanent life insurance policies, there may be options like using the cash value to pay premiums or converting the policy to a reduced paid-up policy.
Protect your business, and opt for one the P&C (Property and Casualty) insurance policies.
Never go traveling without travel insurance, inpatient cover should always be taken out.
Protect you and your family for unforeseen medical costs in Thailand.
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I was looking for an insurance broker who could clearly spell out what was and was not covered. VanderSure‘s consultant Walter van der Wal only had to open a new window in his laptop and there it was all laid out, plan by plan, option by option, enabling me to select the insurance coverage I wanted for myself. I met him at a special talk he gave to older expatriates wherer he was very honest about the pitfalls they face in finding insurance coverage, what terms to watch for (the good and the bad) and the difference between Thai and international policies. He has answered my emails even while on holiday and helped me upgrade my plan in the process. I have since referred him to several friends and family, some with greater needs, others with lesser needs, all happy.
Walter, Nuttarut and their team are probably unique…. I have sent a bunch expats to Walter – some he is aware of – many he is not, as I told to just get it done themselves and get in touch with him directly…..OMG, if everybody I am dealing with was only half as reliable, fast, polite, patient and knowledgeable about “his business” as Walter and his team, my life would be 100% more pleasant. Excellent, honest and unbiased insurance service & information. It does not stop after signing up….Highly recommended. Thanks Walt & Team…..From the other Walt…..