What happens if the owner of a life insurance policy dies before the insured?

Life insurance policies are designed to provide financial security for the beneficiaries in case of the insured's death. However, what happens if the owner of a life insurance policy dies before the i

How much should be the sum insured in the term insurance?

When it comes to purchasing term insurance, one of the most important decisions that policyholders need to make is determining the appropriate sum insured amount. The sum insured in a term insurance p

How much do I need in the stock market to retire?

The question of how much one needs to save for retirement is a common concern among individuals. The stock market, as an investment vehicle, has been a popular choice for many due to its potential for

How long is too long to not use a credit card?

The question of how long is too long to not use a credit card can be a complex one, as it depends on various factors such as personal financial habits, income levels, and the individual's understandin

Why do people sell their life insurance policies?

Why do people sell their life insurance policies?Life insurance is an essential financial tool that provides a safety net for individuals and families in the event of an untimely death. It is designed

What is the minimum sum assured in term insurance?

Term insurance is a type of insurance policy that provides coverage for a specific period, typically ranging from one to thirty years. One of the most important aspects of term insurance is the sum as

How can I learn the stock market from scratch for free?

Learning the stock market can be a daunting task, especially if you're starting from scratch. However, with the advent of the internet and digital resources, it is now possible to learn about the stoc

Is it OK to have a credit card and never use it?

In today's digital age, credit cards have become an integral part of our lives. They offer a convenient way to make purchases, pay bills, and even earn rewards. However, with the rise of alternative p

Can I sell my life insurance policy?

Life insurance policies are designed to provide financial security for the policyholder's beneficiaries in case of an untimely death. However, there may come a time when you need to liquidate your lif

What does sum mean in insurance?

In the world of insurance, the term 'sum' is often used to refer to the amount of money that an insurer will pay out in the event of a claim. This sum can be the total amount of coverage provided by t

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