Do You Need Life Insurance As A Single Person?

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Life insurance is a risk protection mechanism to cushion the insured or their beneficiary against life’s adversities. The insurance type is popular with married people with families because they want to protect their dependents from cash constraints in the unfortunate event of their demise. However, life insurance does not only provide benefits for married people but is relevant for single people too.

Some benefits of life insurance beyond payments to dependents include - settling estate taxes, funeral expenses, charity donations, dividend payouts within the policy term, etc. Therefore, the notion that unmarried people or those without partners and families do not need life insurance is false.

Taking up a life policy means you have identified specific circumstances in your present or beyond your lifetime that would suffer a disadvantage due to the loss of your income. Such situations manifest with or without a partner. Insights on the value of life insurance for single people are as below.

Do Singles Need Life Insurance?

The simple answer to the query of singles needing life insurance is, yes, they do, like any other person. The essence of life insurance is to relieve others of a financial burden you would leave behind in case you pass on.

In addition, there are other benefits of life insurance you can enjoy when still alive depending on the type of policy you take up. The benefits include the following:



Retirement Payouts

Some life policies are for retirement payouts to a business owner. You may be an entrepreneur and envision retiring from business operations when you reach a particular age.

However, there is a need for an income to sustain yourself. You can take up a permanent insurance policy for retirement payments for the rest of your life after retiring from running the business.



Earning Interest Income

Some insurance policy contracts allow for cash payouts when you are still alive. Such is popular with a single-life premium policy which earns you a dividend payout. Such a policy enables you to prepare for the eventualities of suppressed income, probably due to commitments you made and anticipate they will interfere with your cash flow.

A single person may not have dependents to worry about in case they suddenly pass on, but expenses associated with post-death need attention. People in a family situation have others who probably take up bereavement responsibilities. However, in a singlehood situation, there may be no known person who can sort out things.


Calculating Assets

Funeral expenses are one such concern. For a decent send-off, a life insurance policy covers the funeral expenses. The cover varies and allows you to meet bills up to $25,000, depending on the type of contract. Other after-death expenses you may worry about include the costs of selling off your assets, continued contribution to charity, etc.

You may have a business, house, or other assets you leave behind with the instruction of selling them off. The sales process needs funding, e.g., legal costs, contracting, etc. Also, you may have been contributing to a charity cause and wish to bequeath them a lump sum if you pass on or continue with periodic contributions. The Life insurance policy enables such payments.



Breaking Down Coverage Levels

There is a wide variety of life insurance policies, and the onus is on you to select one that suits you best. Start by establishing your needs for a life policy and identify which one would be the best fit. Below are different types of life insurance in the US you can consider based on coverage:


Whole Life Insurance

The insurance covers you for your entire life. The policy has a cash value component that earns interest over time. You can access the cash payouts in your lifetime or borrow money against them. You will likely have unchanged premium payments your whole life, enabling you to budget better to maintain the policy.


Term Life Insurance

Term life insurance is just like it sounds, only lasting for a particular period. The period typically ranges from 10 to 30 years. At the end of the term, premium payments stop, and if you are still alive, there is no cash payout expectation.


For example, benefits to 20-year-term life insurance include payouts to beneficiaries in case you pass on within the 20 years of the policy term. You do not have a claim after 20 years unless you renew the policy.


Universal Life Insurance

This type of insurance is a mix between whole and term insurance. With universal insurance, you can obtain a policy cash value and still enjoy coverage benefits in your lifetime. Such a policy is popular with singles because they benefit during their lifetime and their beneficiaries after death.


Attain Peace of Mind

The best value in insurance is to provide peace of mind that comes from knowing you are cushioning yourself from the unknown in life.. You require that protection, single or married. What’s most important is to identify a solution that best suits your personal and unique circumstances and use that as the guide to choosing the right amount of insurance coverage. With or without dependants, it’s a fact of life that everyone is better off with a plan than without.

Most Successful Business Woman In The World

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Those facts are gone when the world thought that women were made only for home management. Now, the time has come when a woman contributes herself to the world of business. In fact, over the period we have seen east to west, women are doing best.

There are many women who run established brands and do business internationally. Yet, here we only list the most successful businesswomen, but we give respect to all women who break the social taboo and live their life to their own dream.

With respect to all women, we started this article to recognize the most successful business woman.

Who Are The Top Women Entrepreneurs?

Women entrepreneurs lead many industries successfully. In the world, there are many countries that present successful women entrepreneur. Zhang Xin is known as "the woman who built Beijing". She is the co-founder of SOHO China.

On the other hand, Falguni Nayr, founder of Nykaa, an online cosmetic platform. In 2017, Business Today recognized her as “Most Powerful business”. Plus, Falguni Nayar also received the “Woman Ahead” award by Economic Times.

Did you know about Janice Bryant Howroyd? She is a co-founder of ActOne Group. It is a workforce management firm with over 17,000 clients in 19 countries.

Besides them, this article is going to remember the top 8 Successful Business Women in the world. So, let’s see which woman we listed here.


Most Successful Woman In The World

Here, we present the most successful business woman in the world. Let’s check them out.

 
1. Kiran Mazumdar-Shaw — Biotechnology

The pharmaceutical industry is the top industry. The demand for medicine has never ended. An Indian woman understood the market value and founded “Biocon” biotechnology company.

Biocon is an Indian biopharma company. You may be amazed to know Kiran Mazumdar Shaw has started her business in a rented shed, and now it has become the largest biopharma company in India.

According to Forbes, her net worth is $4 billion as of February 2022. Kiran Mazumdar-Shaw is India’s richest self-made woman.

Check this Out - Why Leadership Training Is Important in 2022.

2. Zhang Xin — Real estate

In the real estate business and woman— does not match, right? Zhang Xin made herself to create a new meaning for the real estate business.

SOHO China is a world-famous building developer. It is a china based real estate business. Zhang Xin is a co-founder and one of the most successful women in business. Best of all, the business world called Zhang “the woman who built Beijing”.

To develop the Beijing city, SOHO china plays the greatest role. Beijing and Shanghai — two major cities of China are decorated by SOHO china’s creation.

 
3. Oprah Winfrey— Media And Entertainment

A media personality, show host, television actress, producer, author, and philanthropist. This black lady established her foot in the media and entertainment world.

She did not discontinue her talk show until 2011. Afterward, she created OWN(Oprah Winfrey Network) and announced herself as a CEO.

In the year 2015, Oprah shifted her role as spokeswoman in Weight Watchers International. According to Forbes, Winfrey’s net worth is $2.6 million.

 
4. Gisele Bundchen

Gisele Bundchen is a Brazilian supermodel. She has made more than $386 million throughout her career. According to Forbes, in 2014, she made $47 million alone.

She is associated with the brands Hope and Grendene. Afterward, she founded Sejaa Pure skincare company.

In this way, women changed their roles in their careers and contributed to success in society.

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5. Kylie Jenner

The youngest member of the Kardashian- Jenner family. But, she already became a billionaire in her career, according to a Forbes report of Forbes, March 2019. She is the founder of the cosmetics brand Kylie Cosmetics in 2015.

Nad, now this business has enhanced all around the USA. She quoted, “It’s the power of social media,I had such a strong reach before I was able to start anything. … I see [Kylie Cosmetics] going very far. I work really hard.”

 
6. Sara Blakely

Sara Blakely is the founder of Spanx, an American undergarments company. She started with $5000, a dream, an idea, and confidence that help you to dive into it.

Today, her dream brand Spanx is sold in more than 50 countries. Besides her business, she is also a philanthropist. She does so many things to support women entrepreneurs.

In a recent report, Sara Blakely earned $1.2 billion. Blakely represents herself as Executive chairwoman.

Did you know how Blakely got the idea to start her own undergarment business? One fine night, when she went to get ready for the party, but she didn’t find any proper inner wear to provide a comfortable and smooth look under white pants. And, now, this brand sells clothing also. 

7. Rihanna

Without her name, this successful entrepreneur list couldn't have been completed. At 34 years old lady does a lot of things in the business and entertainment world. The super singer Rihana founded her makeup brand Fenty Beauty.

She is also a co-owners of Savage X Fenty. Besides her successful entrepreneur, she marked herself as a jewel philanthropist. Rihana contributed $14 million dollars for COVID-related relief, climate, and racial justice in 2020.

8. Indra Nooyi – The board member of Amazon

We all know the famous e-commerce business Amazon. Well, did you know Indra Nooyi, an Indian woman, placed herself as a board member of Amazon?

After completing her master’s degree from Yale School Management, she worked as a product manager at Johnson & Johnson, later, she joined as a strategy consultant at Boston consulting group.

In 1994, she started working at PepsiCo, where she got the position of CEO and successfully played the role from 2006 to 2018.

In 2017, she dropped her foot at Amazon as a board member of Amazon. Her journey proved that she never stops to explore her way of career. Plus, she invests money in different businesses.

 
Bottom Line:

These are the top eight most successful business woman entrepreneurs who are able to mark their road to inspire women in the world. They are our inspiration. They teach us never to stop and be satisfied. Always do your work and contribute to good things in society.

Hopefully, you have enjoyed to read this article. Finally, you visit our website to get more success stories.

Author Bio

Doron is a passionate blogger. He loves to share her thoughts, ideas, and experiences with the world through blogging. He can write Multiniche topics such as Tech, Travel, Tourism, Business, Food, Health, Game, Gadgets, Fashion, Law and many more. Steve is associated with Newsprofy, Techmagnews, Techrab, Worldtech24, Istanagreenworld,

The Medical City shows what it means to be a partner in health and in sickness

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What makes an ideal life partner? Some say that a partner should be kind and caring, helping you through tough times while celebrating the high moments with you. Others say that a lasting partnership is built on a foundation of open communication, trust, and respect. With a reliable partner by one’s side, one can truly live life to the fullest and face any challenge with the assurance that someone will be there to take care of them.

The Medical City (TMC), the largest healthcare network in the Philippines, recently launched a campaign honoring these ideal partners which symbolize its brand philosophy “Where Patients are Partners”. This means that in TMC, the patient is viewed not merely as a problem to be solved, but as a partner in his or her own health.

In a heartwarming, relatable video series, modern-day couples describe what they see in a perfect partner, which reflects what TMC strives to be for its patients. Watch the pilot episode here:


https://www.facebook.com/TheMedicalCity/videos/569971268232145/?extid=NS-UNK-UNK-UNK-IOS_GK0T-GK1C-GK2T

“This campaign aims to show that The Medical City is committed to being its patients’ partner in health and in sickness through two-way, world-class healthcare and wellness services,” said Dr. Christian G. Delos Reyes, Chief Marketing Officer. “Patient partnership is acknowledging the patient’s fundamental accountability for his own health, and then supporting this with systems, tools, and venues for education, open communication, and informed choice. This fresh perspective on the patient’s role in healthcare represents a radical departure from the traditional idea of the patient as a passive recipient of medical services.”

The insight behind this innovative campaign is validated by prestigious citations which reinforce TMC’s healthcare leadership. It was recently hailed as the “Hospital of the Year and Medical Tourism Initiative of the Year” by the Healthcare Asia Awards 2022. It has also been a consistent recipient of a gold seal of approval from the Joint Commission International (JCI) since 2006 for maintaining the highest standards related to Access to Care and Continuity of Care; Quality Improvement and Patient Safety; Patients and Family Education; and Governance, Leadership, and Direction. With these recognitions in tow, each person who goes to TMC is assured of receiving healthcare services that are at par with the best hospitals in the world.

Where Patients are Partners

The Medical City’s esteemed accolades are further backed by positive, real-life testimonials garnered from its valued patients:

“A caring hospital for me does not only mean that the hospital staff are caring and dependable. They should treat me and each patient as a person and not as a disease or condition to be treated. A hospital cares when it involves me in decisions about my care and the doctors and staff are willing to explain everything to me in a manner that I can understand. And that’s what I like about The Medical City.” – Raquel, 57, HR Practitioner, Patient since 2021

“I feel safe here. The Medical City has a good track record in keeping us safe knowing that patient safety and high-quality healthcare are its top priorities. The hospital is always clean and good hand hygiene is being practiced. Doctors and staff are experienced and knowledgeable, so I am confident I am in good hands whenever I am at the hospital.” – Ralph, 35, Engineer, Patient since 2016

“The Medical City treats me with respect. The hospital listens to our views as patients, and they value getting feedback from us.” – Pat, 65, Retired Banker, Patient since 2010



The country’s largest healthcare network

The Medical City is composed of one flagship complex in Ortigas Avenue; provincial hospitals in Clark, Iloilo, Laguna, and Pangasinan; and over 50 clinics in Metro Manila and in select provinces in the Philippines. It gathers around 1,500 experienced and recognized physicians from various fields and 4,000 administrative support staff who have honed their expertise through the years.

These skilled and compassionate doctors and medical staff cover a wide suite of health and wellness services across TMC’s nine institutes: Cardiovascular Institute; Institute for Women’s Health; Eye and Vision Institute; Wellness and Aesthetics Institute; ENT, Head and Neck Institute; Augusto P. Sarmiento Cancer Institute; Institute of Pediatrics; Acute Critical Care Institute; and Institute of The Neurological Services.

The recently launched video officially kicks off the campaign’s series. Developed in partnership with veteran photography and videography service provider Nice Print, the upcoming videos will expound more on the perfect partnership which TMC promises for its patients. “The short films by Nice Print highlight the joy of finding the one, and that relationships are no fairytale as they show how two people in love can weather any storm together,” said Dr. Christian G. Delos Reyes, Chief Marketing Officer. “And that’s exactly what The Medical City is—your partner in health and in sickness. Our role is to be with you on your health and wellness journey every step of the way.”

Stay tuned for the succeeding episodes and for more information, visit themedicalcity.com and follow The Medical City on Facebook and @themedicalcity on Instagram.