Terminology

beneficiary life insurance

What is a Beneficiary in Life Insurance?

In this article, we look at the insurance term “beneficiary” on life insurance. We have put together a guide on what beneficiary is, how beneficiary works as well as some questions we get asked frequently about beneficiaries.  What does “beneficiary” mean?  Beneficiary is the person to whom the death benefit will be paid.  Can you have children …

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what is second medical opinion

What is a Second Medical Opinion?

A second medical opinion refers to a situation in which you seek medical advice about a particular medical condition or a set of symptoms from two doctors.  Typically, patients seek a second medical opinion in two different ways.   Firstly, if your general doctor refers you to a medical specialist, then you are actually seeking a second medical opinion …

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what is preventative care

What is preventative care?

Preventative care is also known as routine care. It differs from diagnostic care in that diagnostic care involves services in which your medical provider is searching for specifics that stem from a preventative test or screening. Preventative care can help identify or prevent serious medical conditions before they turn into a life-threatening situation.   Examples of Preventative Care Services  • Annual …

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what are employee benefits

What are employee benefits and why do they matter to you?

In short, employee benefits are the indirect and non-cash compensation paid to an employee. These benefits are given to employees over their salaries and wages and are sometimes referred to as “fringe benefits”.   Employees love benefits. They want appreciation and recognition for their hard work. Many employees apply for organizations depending on the perks and benefits offered by …

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what is an expat

What is an Expat? and How to Become an Expatriate?

What does an expat mean?  An expat is the shortened version of the word “expatriate” which is defined as “a person who lives outside their native country” by Oxford Dictionary. Aside from this, “a person who lives in a foreign country“ is its Merriam-Webster definition.  Global Citizen  At present, for people in the younger generation, there are two increasingly popular terms that can be used interchangeably with …

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what is death benefit term life insurance

FAQs about Death Benefit of Term Life Insurance

Our clients have sent us many questions about the death benefit when buying term life insurance. Here we have put together the common questions that they ask which may be in line with what you are looking for.  How do death benefits work?  First of all, death benefit is the amount that will be paid out to a beneficiary when the insured under …

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