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Make life insurance part of your financial plan
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Life insurance |
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| Published: |
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Nov 2009 |
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| Synopsis: |
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Life insurance should be a key element of everyone’s financial plan, as it pays a sum of money to the beneficiaries of your policy, thus ensuring they are able to meet their financial commitments after your death.
Whether you have taken out a policy of life insurance yourself, or you benefit from a group policy taken out by your employer, you must always ensure that you disclose to the insurer, in any medical examination and in any written statements (including those made on any application form), every fact within your knowledge and belief that is material to the insurance (a “material fact”). Material facts are those that are relevant to an insurer’s decision about whether they should offer you insurance and, if so, the terms.
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| Practice Area: | | Insurance, Corporate & Commercial |
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| Jurisdiction: | | Bermuda |
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| Download: |
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File size: 96 KB - Number of pages: 2 |
For more information download: Make life insurance part of your financial plan.
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