Life insurance for children – a branch of life insurance that is not as well-known but could definitely be a hidden gem, a gift that keeps giving. What is a Child Life Insurance Policy? A child life insurance policy is unlike a regular life insurance policy. In a child life insurance policy, the payer of the policy is usually the parent or the grandparent. The person who is insured is the child. And the beneficiary of the policy could…
It is important that the payout of a life insurance policy is received hassle-free by the person intended to receive it. The consequences of missing out on important details can be grave. Before you pen down a beneficiary’s name in your application for life insurance, use this as a checklist of things to consider. 1. Know the Purpose of the Policy What is the reason for purchasing…
The UAE property market has taken multiple turns over the last 20 years. A noteworthy time in the industry was around 2006-2008 when property prices were inflated and the economy was booming. A lot of people who purchased property at that time now find it hard to liquidate those assets. What does one do when they’re in a position like this? And more importantly, how do you…
When you’d like to pass down money to your heirs, saving your life’s earnings into a fixed deposit account or investment portfolio is a common option. You depend on estimated interest rate fluctuations or returns from your investment portfolio to determine your growth. And you have the added benefit of being able to draw out the funds should there be an emergency. But what would happen when the…
If you are of Arab or Islamic origin, legacy planning can become tricky when you are also required to follow the Shariah law. As the creator of impressive wealth accumulated over the years, how would you distribute those assets among the beneficiaries of your choice? If you’d like for one of your heirs to receive more than the other, for whatever reason, while ensuring that the rest of your assets are…
UAE-based Expats: Should you buy Life Insurance in the UAE or back home?
As an expat, you have two options for Life Insurance: You can either buy Offshore or Onshore Life Insurance.
If you find yourself weighing your Life Insurance options, then this quick read will give you an overview of both onshore and offshore policies so you can make an informed decision.
