HBL Life Insurance Policy
Habib Bank Limited is the largest bank in Pakistan and a thoroughly established banking chain throughout the world. Its network of 1,425 branches in Pakistan and 55 branches around the world. HBL, with the collaboration of Jubilee Life Insurance, brings exclusively designed products that cater to the protection, savings and investment needs of HBL’s customers.
Deposit insurance institutions are for the most part government run or established, and may or may not be a part of a country central bank while some are private entities with government backing or completely private entities.
There are a number of countries with more than one deposit insurance system in operation including Austria, Canada (Ontario & Quebec), Germany, Italy, and the United States.
On the other hand, one deposit insurance system can cover more than one country for example many banks in the Marshall Islands, the Federated States of Micronesia and Puerto Rico are insured by the US Federal Deposit Insurance Corporation.
Cameroon, the Central African Republic, Chad, Congo, Equatorial Guinea, and Gabon will also be covered by a single system.
About Life Insurance
Having the right life insurance is central in planning for the future of you and your loved ones. Life insurance can help you fulfill promises you have made your family when you are gone. The HBL Insurance Agency can help you find the right life insurance coverage for you, and help ensure that your policy continually meets your needs.
Life changes should your policy
For each of our neighbors in Michigan, the right life insurance will be unique for you and dependent on your personal and financial needs. As your life changes, your life insurance coverage may need to change in order to alter to your current needs. Some life transformations that may require a policy tune up and our help at HBL Insurance Agency include:
- You recently married or divorced
- You have a new child or grandchild
- You have opened or expanded a business
- Your health or your spouse’s health has fall
- You are providing care or financial assistance to a parent
- Your child or grandchild requires help or long-term care
- You recently purchased a new home
- You are planning for a child or grandchild’s education
- You are concerned about retirement income
- You have refinanced your home mortgage in the past six months
- You or your spouse recently received an inheritance
- You have a sizable estate
What you need to know about life insurance
Habib Bank Limited Insurance Agency can help you select the best life insurance coverage for your needs. There are several different types of life insurance products available – the most common include:
Term Life Insurance
Term life insurance provides protection for a specified period of time. If you do not currently have life insurance, term can be a good place to start. It’s generally less expensive than permanent life insurance, and is available in varying time periods with fixed premiums from a one year (annual renewable term) to 20-year (level term) period. Furthermore, term life insurance is sometimes convertible to permanent coverage, providing you with flexibility as your needs change.
Whole Life Insurance
Whole life insurance is a form of permanent life insurance that remains in force for your entire lifetime, provided premiums are paid as specified in the policy. Whole life insurance can be an investment opportunity, as many whole life insurance policies also build cash value over time.
Universal Life Insurance
Universal life is a form of permanent life insurance mark by its flexible premiums, face amounts and unbunded pricing structure. Universal life can build cash value, which earns an interest rate that may adjust periodically, but is usually guaranteed not to fall below a certain percentage.
What are the advantages of life insurance?
Having the right life insurance is essential to planning for your present, and your future. Not only can life insurance provide promise for your family after you are gone, many life insurance options offer other benefits and investment opportunities you can take advantage of while you are living.
So what type of life insurance is best for you. Talk with the team at HBL Insurance Agency today at: 248-539-3003, and we can assist in identifying the best protection for you.