Step 1 - Claim Reporting
Whatever be the type of claim like auto, medical or life insurance, the three step process holds true. Factual reporting of details of claim, processing & settlement by the companies.
Step 2 - Claim Processing
The veracity of the claim is directly proportional to the speed of processing…Once verification is completed, the tracking of the claim is easily done.
Step 3 - Claim Settlement
The settlement is usually swift once all the details are filed and verified by the Insurance agencies or third party administrators.
Sample Illustration of the Child PlanTM
Cash and insurance Values
Child PlanTM for Grandchildren Participating Whole Life Plan
$2,500
Annual Deposit Paid over 20 years for Grandchild between 14 days old to 1.
| Age | Total Cost Cash Value | Life Insurance Value |
|---|---|---|
| 21 | $76,903 Education Fund | $639,048 |
| 35 | $202,440 House Deposit | $1,140,485 |
| 45 | $367,351 Family Growth | $1,498,194 |
| 65 | $1,091,154 Pension Asset | $2,351,136 |
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