During TYE April 30, 2013, KASMA charged $150 to new members who were 55 years old or older and collected a $10 fee upon the death of an existing member. In addition, KASMA paid burial assistance to nonmember seniors who died with little or no surviving family members and had insufficient money to pay for their funeral expenses. This benefit was provided in accordance with the Korean tradition. Despite this, KASMA did not meet the criteria for mutuelle senior
When You are Married and Starting a Family
Now is the time to get a life insurance policy if you haven’t bought it yet. After being single and a carefree life, getting married and even more so, having a new baby is a responsible step and adds to your financial obligations. The addition of new dependants makes it even more crucial to buy the right life insurance policy with proper coverage protection. It makes the time even more crucial considering the fact that insurance companies prefer healthy to give away best coverage. Term Life Insurance and Whole Life Insurance are the major categories and should be selected according to your future needs and requirements. Other reasons for taking into account a good life insurance plan at this stage includes,
- Health concerns may arise as you get on the age ladder.
- Life insurance plans can help in arranging proper college education funds for your children in the future.
- Usually, most people plan buying a new home/property in this stage of life i.e. mortgage protection coverage.