Document Overlap
50.0%
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First documentUsing Whole Life Insurance to Leave a Legacy for ChildrenOpen original ↗
A-075
Second documentUsing Whole Life Insurance to Secure Your Child’s FutureOpen original ↗
High overlap
Top paragraph overlap
100.0%Page comparison
Paragraph matches
Strongest non-zero match for each paragraph.
First paragraph71 words
Why Cash is a Better Asset?
Cash Gives More Choices: You can never be sure of the situation your child or your family will be in the future. They could be struggling to meet the higher education goal for their child, or wanting to buy a house of their own in the city where they work. While cash would be a ready help for them in any case, a property in another town could be a drag.
98.8%
Second paragraph71 words
Why Cash is a Better Asset?
Cash Gives More Choices: You can never be sure of the situation your child or her family would be in the future. They could be struggling to meet the higher education goal for their child or wanting to buy a house of their own in the city they are working. While cash would be a ready help for them in any case, a property in another town could be a drag.
First paragraph39 words
Why Choose Whole Life Insurance Plans?
There was a time when parents would feel proud to have built huge properties for the next generations. The estate will pass on, and the inheritance will be a valuable tool of survival for the children and their children.
96.1%
Second paragraph39 words
Use Whole Life Insurance to Leave a Legacy for Your Children
There was a time when parents would feel proud to have built huge properties for the next generations. The estate will pass on and the inheritance would be a welcome tool of survival for the children and their children.
First paragraph16 words
Family Shield: Enhanced Protection
3 Plan options Life cover till 99 years Steady income benefit Block your premium at inception
79.2%
Second paragraph18 words
Don't Just Survive, Thrive
3 Plan options Life cover + Guaranteed income Get Total Premiums at maturity Early income from 2nd policy year
First paragraph70 words
How to Select the Best Whole Life Insurance Plan?
Claim Guarantee Conditions: Claim guarantee conditions ensure a fast and seamless claim settlement and can make life much easier for your dependents. The usual claim settlement deadlines may vary from 30 to 45 days without a claim settlement guarantee. With a settlement guarantee, insurers process claims much faster. For example, a whole life term plan by Canara HSBC Life Insurance can settle the claims within 1 day for eligible policies.
55.7%
Second paragraph39 words
Selecting the Best Whole Life Insurance Plan
Claim Guarantee Conditions: Claim guarantee conditions ensure a fast and seamless claim settlement and can make life much easier for your dependents. The usual claim settlement deadlines may vary from 30 to 45 days without a claim settlement guarantee.
First paragraph121 words
How to Select the Best Whole Life Insurance Plan?
Maximum Age of Cover: You may wonder why you would need to check the maximum age of cover for a whole life plan, since it has to cover you for your lifetime. Key to this factor is the definition of whole life, followed by the insurer. For some insurers, whole life policies may consider covering you only till the age of 80, while others may consider 99. There are more whole life policies which offer maximum age of cover beyond 100 years of age. The maximum age of cover beyond 99 years of age increases the premium cost dramatically. Not only that, coverage till 80 may be insufficient if you are below 35 years of age, given the rising life expectancy.
37.4%
Second paragraph47 words
Selecting the Best Whole Life Insurance Plan
Maximum Age of Cover: You may wonder why you would need to check the maximum age of cover for a whole life plan since it anyways has to cover you for the lifetime. Key to this factor is the definition of whole life followed by the insurer.
First paragraph147 words
How to Select the Best Whole Life Insurance Plan?
Premium Payment Tenure: Lifetime cover is alright, but you would not want to keep paying the premiums till the end of your life. So, it is very important that you have the option of paying all the premiums within a shorter period, preferably before retirement. For example , if you are starting a whole life term plan at the age of 40 and expect to retire at 60, your maximum premium payment tenure should be 20 years. So that you can stop worrying about the premiums at the time of retirement, while the cover continues. Apart from other financial assets you can use to leave a legacy for your children, whole life term insurance allows you to leave a definite amount. Since the benefit amount is pre-defined and is unaffected by market conditions, your progeny has the best chance of receiving the entire sum as you intended.
33.1%
Second paragraph49 words
Selecting the Best Whole Life Insurance Plan
For example, if you are starting a whole life term plan at the age of 40, and expect to retire at 60, your maximum premium payment tenure should be 20 years. So that you can stop worrying about the premiums at the time of retirement while the cover continues.