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Life insurance is a financial product that provides financial protection to your loved ones in the event of your death. It can help to cover expenses such as funeral costs, outstanding debts, and the cost of living for your dependents. ‍ Compound interest is the interest that accumulates on both the principal amount of a loan or deposit and the accumulated interest from previous periods. It’s called compound interest because the interest is compounded, or […]

If you have heard about it, you know it; life insurance is a must, especially for people who have families that depend on their income. Consequently, it may be viewed as a risk management tool for a safe financial lifestyle. Life insurance is primarily perceived as a replacement product for one’s earnings in their working period after death. Mostly, life insurance is meant to offer financial security to dependents or to pay off liabilities that

The insurance idea is old age. The concept has been around for ages and has proven to play an essential role in people’s and businesses’ financial well-being.  Although some may depict that insurance is not an investment strategy, it is a significant brick that forms the foundation of a great financial plan. Buying a life insurance policy is the ultimate way to a lifetime investment. Most people do not understand how one can invest through

We cannot prevent unexpected life events to occur but we can prevent financial fallouts that come with these events. Through insurance, one is assured of financial protection in case of any unexpected happenings. Generally, insurance protects individuals and mitigates risks. For one to choose the right type of insurance coverage that they find worth, one must consider various aspects such as the specific situation, age, lifestyle, family setup, and employment benefits. Some insurance categories that

Earning money does not solve every financial problem in your life, but having a firm level of wealth makes it easier. Nowadays, many people live from paycheck to paycheck. This is a problem that needs instant solutions through education on wealth building.  Building wealth is a topic that can trigger intense debate, encourage peculiar get-rich-quick arrangements, or drive individuals to pursue businesses that may lead them to lose their hard-earned money. Wealth building involves generating