Solvency Ratio (1)

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Solvency Ratio
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Solvency Ratio
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• Most individuals buy Solvency Ratio policies to
  secure the future of their dependents in case of
  their demise, whether premature, accidental, or
  due to sickness. Solvency Ratio offers a certain
  guarantee of financial security for the
  dependents in the event of the policy buyer's
  demise.
• The dependents of the policyholders are given
  this sum if the premiums have been given in time.
  However, in modern times Solvency Ratio can be
  used as an investment option, as a security for
  loans and for other requirements as well. A
  Solvency Ratio policy purchased discreetly with
  due caution can be modulated to attend to the
  various needs of a policyholder.

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• Solvency Ratio has become significant in a world
  where social security benefits, pension plans,
  and family savings become inadequate to answer
  the financial requirement of the entire family,
  cover health costs or to retain a certain life
  style, in case of the demise of the breadwinner.
• There are various insurance plans that offer
  policies to sick individuals who are unable to
  get insurance anywhere else, although the
  premiums are high. Insurance companies generally
  hesitate to insure individuals with high
  mortality risks. Smokers, diabetics or obese
  individuals are often insured with double or
  triple the premiums paid by non-smokers or
  non-diabetics.

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• The major kinds of insurance policies are term
  Solvency Ratio and permanent Solvency Ratio.
  There are various variations within these. A term
  Solvency Ratio policy provides death insurance
  for a specified duration. The initial premiums
  are very low but get more expensive with each
  passing year, and in the long run they come to be
  more expensive. These are generally suitable for
  young people with short-term requirements like a
  house loan, a car loan, or educational funding.
  The beneficiary amount is given only in case of
  death of the policyholder in that specified
  period. The renewal of term policies or
  conversion to permanent is more expensive.
• There are no dividends or cash values gained
  through this policy, which is purely
  protection-oriented. Whole Solvency Ratio
  provides security. Initial premiums are
  substantially higher than the actual price of the
  insurance, but the premium is later on much lower
  than for term Solvency Ratio. The initial high
  premiums are used to level out the premium later,
  and applied to cover the entire life.

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• Variable Solvency Ratio is popular because the
  premium money is invested in various funds so
  that it has a potential to reap dividends.
  Variable universal Solvency Ratio accommodates
  the advantages of both the universal and variable
  Solvency Ratio. Single-purchase Solvency Ratio
  enables an individual to buy the policy at once.
  Survivorship Solvency Ratio is done jointly by
  two individuals. There are various kinds of other
  insurance plans with numerous variations offered
  by different companies. Apart from consulting
  experts in securing the best policy suiting your
  individual needs, one should weigh the options,
  consider the kind of coverage required or
  insurance needed, the ability to pay premiums,
  and the duration of the requirement.
• source-http//bit.ly/2pOImVE

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