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Is it necessary to purchase mortgage payment protection insurance when buying a home?
"Mortgage payment protection insurance is essentially a form of life insurance. If something happens to you, your mortgage payments will be covered under the terms of your insurance plan. This insurance is definitely not necessary, and, in fact, a more standard plan like term life insurance may get you a better value for your dollar."
Where could one purchase a life term insurance plan?
One can purchase life term insurance plans with any company that sells insurance. Companies such as London Life, Intact, Nationwide and Geiko all sell this type of insurance.
What is the medical term meaning protection?
Prophylaxis is the medical term meaning protection. In a related term, a prophylactic was an old term for a condom.
What is the medical term meaning advance protection?
Prophylaxis is the medical term for advance protection.
What is Supplemental Term Life insurance?
It's a term insurance plan that is used to supplement your other insurance protection in your portfolio to fill in any gaps in your needs. The term is usually associated with employer sponsored groups that are generally payroll deducted.
What is meant by the term Contingency plan?
A plan which should be put in action in case our initial assumptions go wrong. This is sort of emergency planning.
What is the term used for the wild animal protection and protection of nature?
palisade
What is group term life insurance?
Group term life insurance is a form of life insurance protection provided by an employer for its employees. A group term life policy is usually issued for a period of one year, and renewable each year. The premiums are experienced rated, based on the company's deaths, and range of employees' ages. If your employment is terminated, you may be able to convert your group term life insurance coverage to an individual permanent life insurance policy, which will cost you more money. However, it must be noted that you do not automatically have the option to convert your group life insurance to an individual plan. A major drawback of these group plans is that many times you have to leave it behind if you change jobs. For that reason, you should always try to purchase your own plan if you are healthy.
What are your long-term plan?
My long-term plan is to save more money to sustain my family.
What is the term used for the wild animal protection by using protection of nature?
Conservation.
What are the steps to write a sales plan?
The basic steps to write a sales plan include choosing a product or service, analyzing market position and determining a price structure. A sales plan should contain both short-term and long-term goals for profits, advertising and revenue sources.
Another term for a 529 plan is?
Qualified tuition plan.
