which is better, a loan from life insurance policy or a bank?

which is better, a loan from life insurance policy or a bank?
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Mark the incorrect option relating to Children Policy a) The minimum limit for insurance under this scheme shall be Rs2000/- b) Agency commission not available in this scheme c) No loan shall be applicable to children policies.

Description : Mark the incorrect option relating to Children Policy a) The minimum limit for insurance under this scheme shall be Rs2000/- b) Agency commission not available in this scheme c) No loan shall be applicable to children policies.

Last Answer : c) No loan shall be applicable to children policies.

Mark the correct option a) Interest at 10% per annum is charged on the loan compounded half yearly b) Second loan is not admissible until first loan is cleared. c) Loan are not available on AEA policies d) The risk is covered on the PLI policy by dept only from the date of acceptance of the proposal by the CPMG e) All the above

Description : Mark the correct option a) Interest at 10% per annum is charged on the loan compounded half yearly b) Second loan is not admissible until first loan is cleared. c) Loan are not available on AEA policies ... policy by dept only from the date of acceptance of the proposal by the CPMG e) All the above

Last Answer : e) All the above

Mark the correct option relating to the loan on PLI policy (EA) e) Exceeding 3 years but not exceeding 5 years 60% f) Exceeding 5 years but not exceeding 10 years 80% g) Exceeding 10 years 90% h) All the above

Description : Mark the correct option relating to the loan on PLI policy (EA) e) Exceeding 3 years but not exceeding 5 years 60% f) Exceeding 5 years but not exceeding 10 years 80% g) Exceeding 10 years 90% h) All the above

Last Answer : h) All the above

Mark the correct option relating to the loan on PLI policy (WLA) a) Exceeding 4 years but not exceeding 7 years 60% b) Exceeding 7 years but not exceeding 12 years 80% c) Exceeding 12 years 90% d) All the above

Description : Mark the correct option relating to the loan on PLI policy (WLA) a) Exceeding 4 years but not exceeding 7 years 60% b) Exceeding 7 years but not exceeding 12 years 80% c) Exceeding 12 years 90% d) All the above

Last Answer : d) All the above

The amount received on account of premium of PLI , repayment of loan should be accounted under ---------------------- head a. PLI Annuity Fund b. Postal Insurance and Life Annuity Fund Receipts c. PLI receipts account

Description : The amount received on account of premium of PLI , repayment of loan should be accounted under ---------------------- head a. PLI Annuity Fund b. Postal Insurance and Life Annuity Fund Receipts c. PLI receipts account

Last Answer : b. Postal Insurance and Life Annuity Fund Receipts

Would you ever take a life insurance policy out on your kids?

Description : Would you ever take a life insurance policy out on your kids?

Last Answer : No. I’d rather put the money into some kind of savings.

Can I do this with a life insurance policy on myself?

Description : Can I do this with a life insurance policy on myself?

Last Answer : Yes, you could.

If life insurance policy was worth $10,000.00 in 1955 how much will it be in 2009?

Description : If life insurance policy was worth $10,000.00 in 1955 how much will it be in 2009?

Last Answer : Unless the terms of the policy have changed, $10,000.

Can anybody here help an idiot looking for an investment/life insurance policy please ?

Description : Can anybody here help an idiot looking for an investment/life insurance policy please ?

Last Answer : What you are describing is known as a whole life' policy, and is not considered a good investment. A better track to follow would be to invest in a 401k at work or an IRA on your ... do, be careful! There are lots of advisers' that are really just salesmen for one insurance/investment company.

how to find information about a old life insurance policy

Description : how to find information about a old life insurance policy

Last Answer : Try following steps from this blog: http://wainsurance.blogspot.com/2011/04/how-to-find-old-life-insurance-policies.html .

What is the content of a life insurance policy?

Description : What is the content of a life insurance policy?

Last Answer : Life insurance plans are among the most popular insurance plansin this age of uncertainty. these insurance plans are made toprotect you and your loved ones from the uncertainty of life ... insurance quotes from multiple providers andchoose a plan that provides maximum coverage at the preferredprice.

How can I obtain a form for cash surrender on an life insurance policy from Southwestern Life Insurance Dallas TX?

Description : How can I obtain a form for cash surrender on an life insurance policy from Southwestern Life Insurance Dallas TX?

Last Answer : Call the company's customer service or go online to theirwebsite.

Life Insurance Policy, Collection by Executor?

Description : Life Insurance Policy, Collection by Executor?

Last Answer : Life Insurance Policy, Collection by Executor(Download)Re: Estate of: ___________________Date of Death: __________________Social Security Number: __________To Whom It May Concern:I am the Executor of the Decedent ... the Decedent may have also owned a partial or whole interest in a policy on anoth

What are the disadvantages of a Modified whole life insurance policy?

Description : What are the disadvantages of a Modified whole life insurance policy?

Last Answer : A major disadvantage of a modified whole life insurance policy is that you can never change the face value on your policy. Additional coverage would require the purchase of an another policy. Also the growth potential on your policy is limited.

Can I get a 25 year term life insurance policy for someone who has a pre-existing medical condition?

Description : Can I get a 25 year term life insurance policy for someone who has a pre-existing medical condition?

Last Answer : Yes, unless your health condition is expected to be fatal in the next few years. However, if the condition shortens life span, your insurance rate will be higher. You could also consider life insurance ... payoff life insurance, which you can qualify for even if term life insurance is out of reach.

Does State Farm Insurance Company offer a no medical exam life insurance policy for men and women over 65?

Description : Does State Farm Insurance Company offer a no medical exam life insurance policy for men and women over 65?

Last Answer : Yes, State Farm Insurance Company offer a comprehensive no medical exam life insurance policy for men and women over 65, just go to their website.

Do all life insurance companies require that you take a physical in order to get a policy?

Description : Do all life insurance companies require that you take a physical in order to get a policy?

Last Answer : No, not all insurance companies require that you take a physical in order to get a policy. One such example is GEICO and Allstate.

How do you check the status of an old life insurance policy?

Description : How do you check the status of an old life insurance policy?

Last Answer : You should contact the company. If they have gone out of business, their policies will have been taken over by someone else, so you should find out who. The state department of insurance should know, if you can't find out through any other means.

What does the 50 life insurance policy entail and is it a good choice?

Description : What does the 50 life insurance policy entail and is it a good choice?

Last Answer : Also known as guaranteed acceptance life insurance, this type of policy is available to people within an age window, usually starting at age 50. There are usually no medical tests or rate increases with ... beneficiary. If you are satisfied with these terms, then this policy might be good for you.

Life Insurance Policy?

Description : Life Insurance Policy?

Last Answer : form_title=Life Insurance Policy form_header=Protect your loved ones with a lifetime of financial security. Find a life insurance policy customized to fit your needs. What type of life insurance policy do you want to ... you want to buy?=_ Who will it cover?=_ Who would you list as beneficiary?=_

Postal life insurance policy available in a) 5 types b) 6 types c) 7 types d) 4 types

Description : Postal life insurance policy available in a) 5 types b) 6 types c) 7 types d) 4 types

Last Answer : b) 6 types

HSK, an LLP has taken keyman insurance policy on the life of its managing partner. The policy got matured on 13th September 2017 and an amount of rupees 75 lakhs was paid by the insurers to the Managing partner. The amount so received on maturity of the policy a. fully exempt under section 10(10D) b. 50% of rupees 75 lakh is exempt c. rupees 75 lakh is taxable d. rupee 25 lakh is exempt and Rs 50 lakh is taxable

Description : HSK, an LLP has taken keyman insurance policy on the life of its managing partner. The policy got matured on 13th September 2017 and an amount of rupees 75 lakhs was paid by the insurers to the Managing partner ... c. rupees 75 lakh is taxable d. rupee 25 lakh is exempt and Rs 50 lakh is taxable

Last Answer : c. rupees 75 lakh is taxable

"Loan declared a loss" by bank?

Description : "Loan declared a loss" by bank?

Last Answer : It means the holder of your note has been able to write it off by taking a loss on it as a bad debt, I suggest you get a credit report and then talk to a credit counselor on how to repair your credit now that you can pay it back.

Should I go with my bank or a broker for a home loan?

Description : Should I go with my bank or a broker for a home loan?

Last Answer : Careful with FHA, you'll pay mortgage insurance over the life of the loan so it's not usually the best deal. 4.12% is not the best interest rate. Lender paid PMI is a gimmick to get you to pay a ... PMI removed. Those numbers sound like a 30 year loan. If you can afford a 15 it's a better deal.

Should I take out a student loan from a bank or credit union?

Description : Should I take out a student loan from a bank or credit union?

Last Answer : Check with your school for a federally insured student loan. Then you’ll know.

How many days does it take a bank to tell you if you have been accepted for a mortgage loan?

Description : How many days does it take a bank to tell you if you have been accepted for a mortgage loan?

Last Answer : Should be 2 weeks tops.

How can you refinace your car loan, which is at 10%. When you have a credit score under 690, and your bank already told you no?

Description : How can you refinace your car loan, which is at 10%. When you have a credit score under 690, and your bank already told you no?

Last Answer : Do you have a credit union? If you have automatic payroll withdrawal, maybe. For a bad credit score, 10% is not a bad rate.

10. Manav needs a loan to set up a small business. On what basis will Manav decide whether to borrow from the bank or the moneylender? Discuss. -Economics 10th

Description : 10. Manav needs a loan to set up a small business. On what basis will Manav decide whether to borrow from the bank or the moneylender? Discuss. -Economics 10th

Last Answer : Manav wants to set up a small business. He needs to keep the below-mentioned things in mind while deciding whether to borrow money from a bank or money lender: He needs to compare the interest ... eligible documents required by the banks to get his loan approved. How he wishes to repay the lender.

Which bank gives long term loan to farmers? -Do You Know?

Description : Which bank gives long term loan to farmers? -Do You Know?

Last Answer : answer:

Which is the best bank for a personal loan in India?

Description : Which is the best bank for a personal loan in India?

Last Answer : Buddy Loan is renowned for its approval rate. Over 80% of approvals are personal loans that meet the eligibility criteria at Buddy Loan.In most cases, you will find that the interest rate is a matter of ... at Buddy Loan, you can choose a lender and customise the tenure and EMI based on your income.

Which bank gives loan to landless people ?

Description : Which bank gives loan to landless people ?

Last Answer : Grameen Bank gives loans to landless people.

Which country has taken the most loan from World Bank ?

Last Answer : India has borrowed the most from the World Bank.

Verified non-bank loan

Description : Hi everyone, I'm pretty hard alive. situation and I would need to borrow CZK 20,000 as soon as possible. Calmly from private individuals or non-banking institutions, because I can't prove income - I'm ... have experience with this? Or don't you know someone who lends? Thanks a lot in advance!

Last Answer : Difficult life situation? What is it ? Do you even have food? Do you have a place to live? These questions always occur to me when I hear about a difficult life situation, because often one ... I have always followed that and I have never been insolvent. Consider again if this is really necessary.

Have you ever applied for bank loan?

Description : Have you ever applied for bank loan?

Last Answer : I have taken loan from banks many times and I trust there are different types of loan and same way different conditions of loan popularly known or tagged as terms of loan. There are loans ... percentage of interest will be added. And failure to pay back will attract forfeiture of the collateral.

(i) 10 years loan taken from bank by organisation is __________ term loan.

Description : (i) 10 years loan taken from bank by organisation is __________ term loan.

Last Answer : Complete the following sentence : (i) 10 years loan taken from bank by organisation is __________ ... ) Loss on sale of old machine is ________loss.

What describes the goal of the world bank loan?

Description : What describes the goal of the world bank loan?

Last Answer : Their mission statement is what they want for publication, butlike all banks to make as much money as possible is what they arereally after

What is a business unlikely to be able to secure a bank loan to fund its operations without?

Description : What is a business unlikely to be able to secure a bank loan to fund its operations without?

Last Answer : A stable operating history

If the federal reserve buys a treasury bond from a bank what will be the effect on interest rate the bank charges its customers for a loan?

Description : If the federal reserve buys a treasury bond from a bank what will be the effect on interest rate the bank charges its customers for a loan?

Last Answer : The interest rates will decrease since there are more available funds for the bank to loan.

How To Prepare for a Bank Loan Application?

Description : How To Prepare for a Bank Loan Application?

Last Answer : Consumers are often disappointed when they are turned down for a bank loan, and the simple fact of the matter is that many common mistakes are to blame for the decline. Even individuals without ... stability and an ability to repay the amount that is borrowed. Pay stubs are often required, bu

What type of a credit rating will I need to get a standard bank loan?

Description : What type of a credit rating will I need to get a standard bank loan?

Last Answer : You need to have a score over 700 to get a standard loan like for a car or house. You might ned less for a small personal loan.

Can I get a home equity loan from a Texas bank if I live in another state?

Description : Can I get a home equity loan from a Texas bank if I live in another state?

Last Answer : You should be able to get a home equity loan if you live in another state. The most important factor is your credit rating.

can an REO SELLER/ BANK charge a buyer "per diem" when the buyer is using an FHA loan ?

Description : can an REO SELLER/ BANK charge a buyer "per diem" when the buyer is using an FHA loan ?

Last Answer : Yes, a REO seller can charge a buyer per diem interest when the buyer is using an FHA loan. A per diem fee can be around $150 per day.

What bank will give me a loan to pay off the debt I accumulated in college?

Description : What bank will give me a loan to pay off the debt I accumulated in college?

Last Answer : Banks such as Bank of America and Fidelity are very good at handing out loans that can be used towards college debts and school tuition, as they have good return policies.

What is the purpose of an SBA bank loan?

Description : What is the purpose of an SBA bank loan?

Last Answer : To learn the purpose of an SBA bank loan contact your local SBA bank and ask about their loans and rates You can also check out their site for more information on SBA bank loans

Which bank is best for a personal loan in the USA?

Description : Which bank is best for a personal loan in the USA?

Last Answer : Answers is the place to go to get the answers you need and to ask the questions you want

Which bank is best for a personal loan in the USA?

Description : Which bank is best for a personal loan in the USA?

Last Answer : Answers is the place to go to get the answers you need and to ask the questions you want

Which, institution is known as the ‘Soft Loan Window’ of World Bank ? (A) I.F.C. (International Financial Corporation) (B) I.D.A. (International Development Association) (C) I.M.F. (International Monetary Fund) (D) Indian Development Forum

Description : Which, institution is known as the ‘Soft Loan Window’ of World Bank ? (A) I.F.C. (International Financial Corporation) (B) I.D.A. (International Development Association) (C) I.M.F. (International Monetary Fund) (D) Indian Development Forum

Last Answer : Answer: I.D.A. (International Development Association)

Which among (he following is not the outcome of decrease in prime lending rate? (1) to raise the bank loan (2) decline in saving rate (3) decline in productivity (4) increased demand of consumer products

Description : Which among (he following is not the outcome of decrease in prime lending rate? (1) to raise the bank loan (2) decline in saving rate (3) decline in productivity (4) increased demand of consumer products

Last Answer : (3) decline in productivity Explanation: Prime rate or prime lending rate is a term applied in many countries to a reference interest rate used by banks. The term originally indicated the rate ... falls to meet the new lower demand. Less output requires fewer worker, driving unemployment higher.

Bank rate is that rate on which - (1) Any bank lends money to an individual (2) State Bank of India gives loan to the rural banks (3) Central Bank of Country lends money to the commercial banks (4) Rural bank gives loan to cooperative societies

Description : Bank rate is that rate on which - (1) Any bank lends money to an individual (2) State Bank of India gives loan to the rural banks (3) Central Bank of Country lends money to the commercial banks (4) Rural bank gives loan to cooperative societies

Last Answer : (3) Central Bank of Country lends money to the commercial banks Explanation: Bank rate, also referred to as the discount rate, is the rate of interest which a central bank charges on the loans and ... reserve bank, while the repo rate is the rate at which the banks borrow from the central bank.

The permission given to a bank customer to draw cheques in excess of his current account balance is called - (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft

Description : The permission given to a bank customer to draw cheques in excess of his current account balance is called - (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft

Last Answer : (4) an overdraft Explanation: Overdrafts is an extension of credit from a lending institution when an account reaches zero. An overdraft allows the individual to continue withdrawing money even if the ... available balance goes below zero. In this situation the account is said to be "overdrawn."