Annual Holiday Insurance

Annual holiday insurance is suitable for those who keep traveling to different locations in search of adventure or for leisure throughout the year. Nowadays, it is becoming very popular among frequent travelers because of numerous benefits associated with it. One single policy covers all your trips for a period of one year. It may seem to be an expensive choice in beginning but you can save a lot of money by not purchasing insurance every time you travel. It is a one time investment that pays all through the year.

Annual travel insurance covers all financial losses resulting from postponement, cancellation and curtailment of trip, missed, delayed and cancelled departure, sickness, personal injury and accident, medical expenses, ambulance expenses, hospital expenses, surgical treatment, emergency evacuation, loss of baggage, money, watch, mobile phone, camera, passport, laptop, jewelry and other important documents. Along with this, it offers you complete peace of mind and takes hassle out of your life allowing you enjoy your holidays to the fullest.

Before buying an insurance policy, calculate the required coverage by assessing all risks associated with your travel. If you don’t have complete knowledge about the subject, you can research on internet and read informative articles to gain complete understanding about the subject. Apart from this, you can make inquiries with an insurance company. Call their customer care representative in order to get complete details about different insurance plans. They offer you quick assistance and guide you through the entire process.

Several companies offer nnual travel insurance UK but you should look for a well known and trusted insurance company. Purchasing insurance from local insurers is a big no-no. If you’re looking for the best insurance policies at the most competitive prices, Travel Guard is certainly the best option. They have been operating in this industry for more than half a century and providing excellent insurance plans to their customers.

Several companies offer nnual travel insurance UK but you should look for a well known and trusted insurance company. Purchasing insurance from local insurers is a big no-no. If you’re looking for the best insurance policies at the most competitive prices, Travel Guard is certainly the best option. They have been operating in this industry for more than half a century and providing excellent insurance plans to their customers.

posted by (Rahul Kumar)

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Annual Holiday Insurance

Light Truck Insurance

Various types of trucks are available, depending on design and capacity. While some are commonly referred to as heavy trucks, others are medium and light trucks. Generally, light trucks are taken to be those trucks with a capacity below 2,000 kg. Such include vans and pickups. Although designed with special features to allow for transportation of various merchandise, light trucks are at times used as personal vehicles.

Like all trucks in Australia, it is mandatory for a light trucker to purchase suitable insurance coverage. The basic insurance cover that a light trucker is obligated to purchase is the liability insurance coverage. This light truck insurance cover provides protection against any claims that may be lodged in case a light truck is involved in an accident involving other vehicles on the road, with a pedestrian or damage that may be caused to other people’s property. Driving a light truck on Australian roads without this basic insurance cover constitutes serious crime punishable by fine, a prison term or both.

Like with other type of trucks, light trucks are used for commercial purposes. They are used to transport varied merchandise and materials. This calls for the need for a light trucker to purchase additional light truck insurance. The various types of insurance available include general carrier, hazardous goods carrier and refrigerated carrier insurance coverage. Purchasing additional insurance coverage is very important for a light trucker because the merchandise and materials transported are exposed to damage and theft. Without the appropriate insurance coverage, a trucker will definitely be obligated to pay out-of-pocket, which has a serious implication on business.

The various insurance companies operating in Australia offer different types of light truck insurance, suitable for all kinds of light trucking business. The companies include both national and international entities. These companies quote different truck insurance coverage and a light trucker may find it beneficial to widely shop for a suitable insurance coverage, comparing the varied quotes as provided by various companies. Although the aim of shopping widely should be to ascertain an insurance company that quotes low, the emphasis should be in obtaining the most appropriate type of insurance coverage.

Just as in other parts of the world, Australian insurance companies have made shopping for light truck insurance very simple. A trucker can simply shop for a suitable insurance coverage on the Internet and apply for the same online through a company’s website.

posted by (Martin Sejas)

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Light Truck Insurance

General Insurance And Motor Insurance

Life is full of risks. You never know what will happen to you the next moment. It can be a sudden illness that would require hospitalization followed by some surgery that may well drain your pockets. Healthcare is very expensive today. Your years of savings may be all gone in a matter of seconds! It can be a sudden fire outbreak damaging your house and other assets. It can be your car meeting with an accident and getting badly damaged. There are many other incidents that can occur anytime anywhere. This is where general insurance comes into play. General insurance covers all risks other than life right from health, motor, assets, personal accident to corporate, and more. With general insurance you will not get returns after a particular period but you do get cover in case any unforeseen incidents occur. In short you can say that general insurance provides protection against contingencies. Though not all products under this segment are compulsory to be bought yet there are two general insurance products as mentioned under certain Acts of Parliament, i.e. motor insurance and public liability insurance that are mandatory. So, if you have a car, you should have a car insurance policy. In case you are caught by the traffic police and you fail to produce your car insurance papers, you will be fined.

Car insurance is also termed motor insurance. Damage or loss to your vehicle can be caused due to several causes; it can be natural or man-made. Man made causes include burglary, theft, malicious act, accident by external means, riot, strike, and damage in transit. Natural causes may range from fire, explosion, storm, tempest, inundation, cyclone, hailstorm to frost, self-ignition, lightning, earthquake, flood, typhoon, hurricane, landslide, rockslide. With your motor insurance, your vehicle gets cover for any of the aforesaid causes. On payment of additional premium for your motor insurance, you can get additional coverage. The coverage may include loss or damage to the vehicle accessories, personal accident covers for driver and passengers, and extension of geographical area of coverage beyond India.

Your motor insurance may also cover legal liability to a third party which may arise due to an accident which has led to property damage and permanent injury or death of a person. Under the plan, you can also get personal accident cover for yourself and unnamed passengers besides coverage in case of accidental death and permanent total disability.

posted by (Roben Williams)

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General Insurance And Motor Insurance

Survivorship Life Insurance

Mrs. and Mr. X own a significant estate that they plan to leave behind as a legacy to their children. As part of their estate planning process, their financial advisor recommends they purchase survivorship life insurance.

Mrs. and Mr. Y have a son with special needs. They are worried about his financial security after they are gone. Their legal counsel puts forth the idea of survivorship life insurance.

Both the couples decide to find out more about survivorship life insurance or joint survivorship life insurance and here is what they learned.

Survivorship life insurance or joint survivorship life insurance is a life insurance policy that insures the lives of two persons, most often a married couple, instead of a single individual.

The death benefits of a survivorship life insurance policy are not paid out to the beneficiary until the surviving spouse also passes away. For this reason, survivorship life insurance is also known as second-to-die life insurance policy.

One of the biggest reasons couples buy survivorship life insurance policy is to pay for estate taxes and other estate settlement costs. The policy makes use of the marital estate tax deduction, which allows postponing the payment all federal and most state estate taxes until the death of the surviving spouse.

At this time all taxes, which could have assumed considerable proportion by now on account of appreciation in the value of the estate, would need to be paid.

This is where joint survivorship life insurance policy comes into play. The proceeds of the policy are used by its beneficiaries to pay all the estate taxes and meet other costs, eliminating the need for liquidating part of the inherited estate.

The only caveat is that neither one of the insured couple can have ownership rights to the policy. The beneficiary of the policy has to be a third party such as the insured couple’s children or a trust.

Survivorship life insurance policy is also bought by couples who have children with special needs to secure their financial wellbeing. The proceeds from a second-to-die life insurance policy ensure that sufficient funds are available upon the death of both the parents to provide for the child they leave behind.

Advantages of Survivorship Life Insurance

The biggest advantage of survivorship life insurance policy is that premiums are generally low. Since the insurance company has to pay the benefits only after the death of the surviving insured spouse, this policy is significantly less expensive than buying two separate life insurance policies.

Another benefit of joint survivorship life insurance is that it is easier to purchase than individual life insurance policies even if one of the partners is in less than perfect health. The underlying reason is the same – since the insurance companies doesn’t owe the beneficiaries anything until both the partners pass away, they are not as concerned with one’s ill-health as they would be in case of traditional life insurance policies.

In fact, a person who has been denied a single life insurance may also get approved for a joint survivorship policy. However, this can differ from case to case as no one is auto approved for any life insurance product.

Survivorship life insurance policy is bought by wealthy individuals to conserve their estate. Estate taxes incurred at the time of surviving spouse’s death could be high and it may get difficult for the beneficiaries to arrange the money. Such a situation may force them to make a distress sell or liquidate parts of their inheritance. The proceeds from joint survivorship life insurance make sure that liquid cash is available to pay off the estate taxes, thereby preserving the left behind estate.

Limitations of Survivorship Life Insurance
But the survivorship life insurance policy is not without its limitation. First of all, the death benefits go to a third party, which means if the couple doesn’t have individual life insurance policies, then the surviving spouse has no coverage upon the death of one partner.

Second, it makes use of provisions of an existing estate tax law. If any changes were to be made to the tax law, a survivorship life insurance policy would no longer be valid.

Third, what happens in case a couple gets divorced after buying survivorship life insurance? That’s why couples are advised to ask their insurers for riders in case they were to split. One option they may be offered is to convert the joint survivorship policy into two single life insurance policies if they decide to go their separate ways.

And finally, joint survivorship life insurance policy is not recommended for small estate owners. It is usually advised if the value of your estate is at least $1.5 million!

posted by (Denise)

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Survivorship Life Insurance

Life Insurance News

Payingtoomuch.com Launches the first Whole of Life comparison service in U.K

 

The time honored customary traditional Life Insurance got a fillip in UK, as Payingtoomuch.com launched new Whole Life Assurance Comparison Service. It was launched in 2011 and is the first and only life insurance aggregator to differentiate the Whole Life Insurance.

 

Michael Ward, MD of Payingtoomuch.com remarked that this service is for all those individuals who consider that term insurance is sheer wastage of money especially if they outlive the term. As customers are badly hit by the revolution of rising expectations, where they badly need an insurance policy that can serve their individual needs.

 

The new Whole of Life Insurance plan addresses these issues and provides a plan that is like a slice of life. It not only ensures peace of mind, but also a guaranteed payout.

 

According to Ward, Term Insurance Plan is beneficial to banks, but does not convince the customers. The reason behind that is the customer who purchase life insurance products are prescreened during a process of underwriting, which means that the customers outlive their term or do not die early. In fact, most of the times, banks need not to shell premium money as most of the customers outlive the term.

 

Whole of Life Assurance provides guaranteed premium until and unless the customer choose that they don’t need the cover or in the event of their death. Not to forget, this type of cover is dearer and it proffers pay out as long as there is no default in monthly premium.

 

Why there is no Over 50 Life Cover

 

AXA Life Insurers remains the market leader by providing Over the 50 Life Cover using well known protagonists Michael Parkinson.

 

50 Over Life Insurance Plans don’t come under the ambit of underwriting process, hence healthy customers subsidize effectively as otherwise they would have shelled out more of their hard earned money in form of premium. For example, a healthy 65 year female for the premium of £20 per month will get twice more cover with Whole Life policy than a Guaranteed 50’s plan.

 

Whole Life Insurance Plan also covers funeral expenses or it can also be used to pay Inheritance Tax Bill under the appropriate Trust.

 

Gender Biases

 

Presently, female premium rates are competitive as compared to male premium rates due to better female expectancy. On 21st December 212, this biasness will come to an end as EU Treaty will eliminate gender inequality.

 

Thus, Payingtoomuch.com has brought a spring of hope among the customers.

posted by (johny thomas)

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Life Insurance News

California Unclaimed Money Search

Have you ever done a California unclaimed money search? If you have ever lived or done business in California, or had relatives who stayed in the state, you could be the owner of a share of the billions of dollars that are presently lying in the treasury of California State. Many people have surprised themselves by just conducting a California missing money search and finding thousands of dollars that they did not know belonged to them.

If you’re wondering how such a thing can be possible, try conducting a CA unclaimed money search for any funds lying in the name of your lost relatives, or your maiden name or even your current name. You may be surprised to find out that a CA unclaimed money search can lead you to hundreds, if not thousands, of dollars of hard-earned money that belongs to you in the form of non refunded utility deposits, dormant bank accounts or old investment dividends, just to mention a few.

A California unclaimed money search can help you find out if any money earned by you, gifted or willed to you, has not yet reached you.

It has come to light that the authorities of California state did very little to contact the rightful owners. Moreover, certain bills enabled the state to compensate budgetary deficits by using these funds. The problem was compounded by loopholes in state laws and red-tapism. There was no awareness or means to enable Californians to conduct a California unclaimed money search.

New reforms passed in the year 2007 by the current California State Controller, John Chiang, not only saw lakhs of owners being intimated about their belongings, but also provided a way to conduct a CA unclaimed money search via the controller’s website. Manifold efforts are being made to connect millions of Californians with their long-lost property.

Efforts are also being made to extend the escheat law for safe deposit boxes and bank accounts from the existing three years to five years. State of CA unclaimed money search has been boosted up, as access to the state database has been allowed.

Owners of the billions of dollars lying in the state treasury can now conduct a California unclaimed money search and get back their suspended property. Helping your Californian friends to conduct a CA unclaimed money search could also win you some appreciation.

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California Unclaimed Money Search

California Unclaimed Money Search

Have you ever done a California unclaimed money search? If you have ever lived or done business in California, or had relatives who stayed in the state, you could be the owner of a share of the billions of dollars that are presently lying in the treasury of California State. Many people have surprised themselves by just conducting a California missing money search and finding thousands of dollars that they did not know belonged to them.

If you’re wondering how such a thing can be possible, try conducting a CA unclaimed money search for any funds lying in the name of your lost relatives, or your maiden name or even your current name. You may be surprised to find out that a CA unclaimed money search can lead you to hundreds, if not thousands, of dollars of hard-earned money that belongs to you in the form of non refunded utility deposits, dormant bank accounts or old investment dividends, just to mention a few.

A California unclaimed money search can help you find out if any money earned by you, gifted or willed to you, has not yet reached you.

It has come to light that the authorities of California state did very little to contact the rightful owners. Moreover, certain bills enabled the state to compensate budgetary deficits by using these funds. The problem was compounded by loopholes in state laws and red-tapism. There was no awareness or means to enable Californians to conduct a California unclaimed money search.

New reforms passed in the year 2007 by the current California State Controller, John Chiang, not only saw lakhs of owners being intimated about their belongings, but also provided a way to conduct a CA unclaimed money search via the controller’s website. Manifold efforts are being made to connect millions of Californians with their long-lost property.

Efforts are also being made to extend the escheat law for safe deposit boxes and bank accounts from the existing three years to five years. State of CA unclaimed money search has been boosted up, as access to the state database has been allowed.

Owners of the billions of dollars lying in the state treasury can now conduct a California unclaimed money search and get back their suspended property. Helping your Californian friends to conduct a CA unclaimed money search could also win you some appreciation.

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California Unclaimed Money Search

Global Life Insurance

Global Life Insurance – Is It The Right Choice?

Like we know there are a lot of insurance companies which are compete in this financial business. Each of them have their own superiority such as better choice of their product or better in their service coverage. And sometimes we will in the case that very important such as we need a Life Insurance, in that time  we will looking for the insurance company that sell life insurance product and of course we will choose the best one with best coverage and possible rates for your money. To make sure of the insurance company that you choose is the best one you can decide from its consumer loyalities and long life history. From this information you can trust that insurance company because it is impossible to a company can survive for long time if its customer did not trust that company. The other way to make you sure is you can see there are a lot of other insurance company that offer life insurance through Global Life, What is it mean? It is mean that not only people or customer that trust Global Life, but also major corporation as well  

What is Global Life? Global life is an company that engaged in the insurance. This insurance company more known as Global Life and Accident. This insurance had service their customer since 1951, and their first company formed in Oklahoma, in the South Central region of the United States of America. In 1970’s, this company become Torchmark Corporation after it was acquired by Liberty National Life Insurance Company. Altought it was no longer Global Life and accident, but its reputation still enough to be able retain its own name. And beside that the Torchmark become more success and act as a leader in insurance industry.

Consumer will get a lot of different choice from Global Life Insurance. Their superiority is not just have a good reputation and their commitments to provide high quality of cover with reasonable price, but also serve variety of insurance policy that suit to your need. Wheter you are a parents, still single, a doctor, or you are a teacher, with all variety of insurance that offer by Global Life, you can find some of that which will make you interest. And if you do not find what you looking for, you still can find the other product that serve by This insurance conpany that might be suitable for you.

Products of Global Life Insurance include all kinds of different insurance policies. You still can find your wanted products in Torchmark Corpporstion in their subsidaries if you can’t find it under Global Brand. The other advantages that will you get frim this company is no matter if your insurance need is much or little coverage, this is will available for you. It is easy for you to find people that know about Global offers. And you will always get help from reputable insurance professional that work for this insurance. So the conclusion is Global is your right option for your Insurance choice.

If you need the other Insurance Guide Please Visit http://insurances-1.com

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Global Life Insurance

Life Insurance

Here at OtermLife we have simplified the process in to five quick and easy steps.  In just five easy steps you can insure the protection of your family’s future.  Listed below is a detailed outline of our process.  Should you have any questions or concerns please feel free to call us toll free at 1-866-684-1186 to speak with a licensed agent to help you protect your family.

Step 1. Get a Quote.

And by ‘quote’ we mean a side-by-side comparison of several bids from some of the most trusted carriers in the industry.

You can start the quote process online, or give us a call at 1-866-684-1186 to speak with one of our licensed agents. Either way, it takes only about 9 minutes of your time, because we do all the hard work for you.

If you start the process online you have the option to view a ballpark quote almost instantly, but we’ll still need to give you a quick call to further customize the quote and help you evaluate your options. Its 9 minutes well spent.

One last thing, remember that quotes are only an estimate and are subject to a medical exam.

Step 2. Choose your insurance.

Now that you have your personalized quote with bids from a variety of carriers, it’s time to choose the plan that suits you best. We’re happy to discuss the options with you in detail if you’d like a bit of experienced and unbiased perspective. We say ‘unbiased’ because we’re one of the only companies who really doesn’t care which carrier you choose. We do not favor any of them, as we only have eyes for you.

If you’re feeling frisky, all of this can be done on that first call we mention in step 1. But we’re more than happy to take things slowly if that’s more your speed.

Step 3. Get a Medical Checkup.

You will meet with a technician for a mini medical exam in the convenience of your home or office. Our exam technician will measure your height and weight, as well as take blood and urine samples. The exam typically takes just 15 to 20 minutes, and your results will be strictly confidential.

Want to ace your exam?

Follow these tips to get the best results possible:

1. Schedule for early in the day at a time and place you feel relaxed

2. Avoid fatty foods, rich desserts, and alcohol for several days beforehand

3. Do not eat or drink anything but water for 8 to 12 hours beforehand

Step 4. Receive a decision.

It’s decision time. Your selected Life Insurance carrier will give you their final decision on issuing you a term life insurance policy. Assuming you’re accepted, your first premium payment will be due by this time. If, for some reason, you aren’t accepted by a particular carrier, we’ll work with you to find coverage through another.

Step 5. Start your coverage.

Congratulations! You’ll receive your term life insurance policy in the mail, along with the peace of mind that goes with it. You’ll also begin making your monthly or annual premium payments.

And don’t think you’re getting rid of us that easy. We’ll be around as long as you need us. Anytime you have any questions or concerns about your Term Life Insurance policy, all you have to do is give us a call at 1-866-684-1186.

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Life insurance India

Life insurance India

With the growing economy there are companies that are offering the best and most comfortable insurance plans that will safeguard your family’s interest in every aspect. Indians are known to be dependent on the head of the family. In order to safeguard against the risk of loss of the single earning member, they go in for Life insurance policies. A life insurance policy is something that will assist you even after life. It will help support and protect your family expenses even after your death.

Find below a general overview on the life insurance sector in India.

There are different and most well known companies offering the best life insurance plans. Life Insurance India includes companies like LIC –Life insurance Corporation which is one of the best reputed public insurance companies. It has been stable and popular in the market and a majority of people prefer to go in for a life insurance plan in India through the same. With a lot of competition in the Indian market, many new players (companies) have entered into the competition giving and offering more comfortable life insurance policies in India.

To know more about the life insurance companies in India you can look in for more detailed information online. The list of well known life insurance companies in India includes:

• SBI life insurance


• IndiaFirst life insurance


• Aviva life insurance


• Birla sun life insurance


• Aegon life insurance


• HSBC life insurance


• ING Vysya life insurance


• Bharti AXA life insurance


• DLF Pramerica Life Insurance


• HDFC Life Insurance


• IDBI Federal Life Insurance


• Shriram Life Insurance


• Tata AIG Life Insurance


• Reliance Life Insurance


• Kotak Life Insurance


• Sahara Life Insurance


• ICICI Prudential Life Insurance

All these companies offer excellent life insurance policy plans in India. Indian families have different future plans and goals which depend upon their lifestyle and individual standards. There are categories to insure plans like the wedding insurance policy, children’s insurance policy, endowment policy, pension plans, etc. These are some types of plans that are generally preferred by the Indian masses.

The basic concept and explanation of a life insurance policy is that its a plan that helps support the future financial needs of a person’s family in case the person is absent or dead. It safeguards interest of the insured loved ones in case of his demise so as to not cause any hassle or problem for future expense. It is an investment that will support your family all through their lives.

Life Insurance India is a best thing that can serve the insurer a dual purpose of safeguarding interest. Although, if you wish to get yourself insured and you have no clue where to start from, which company to apply in from the list of best companies present online and what procedure to follow, worry not! The internet will sort out all your worries in just a click. There are leading portals like www.dialabank.com that help you compare and buy the right insurance plan.

With the instructive guides, guidelines, e-books, articles, information, FAQs, blogs and news will without doubt help in developing good understanding on the inventions accessible in market and locate out an appropriate life insurance policy in India.  To make the selection procedure easier, there are different headings and classification made according to your requirement.

It is very important for people to know that Life Insurance India policy not only plays a role of safeguarding tool but also is a tool that saves tax. Generally life insurance policy in India is based and approved on factors like tenure, age, premium, insurance policy types, etc. Indian life insurance policy consists of short term and long term plans, child plan, guaranteed plans, etc. A methodical evaluation of all plans will help you gain better knowledge about the plan to select.
 

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Life insurance India

Ohio Life Insurance

Ohio Life Insurance is the way to go if you are looking for a soft landing for your family in the event that you would not be present to support them. Purchasing Life Insurance options is one of the greatest gifts that one can give to their family. This ensures that your family will be cared for and protected even if you are not physically present to take care of them and their needs.

But before jumping and picking up the first insurance option that you come across it makes great sense to read carefully all the available plans, options, benefits, payment procedures etc and then make your decision. If you are living in the state of Ohio then it is important that you understand the provisions that are applicable to your particular state along with the regulations in effect with respect to the life insurance policies. These might affect your requirements, time frames, coverage etc.

Now let us look at a key statistics which throw a light on the importance of going in for Ohio life insurance. As per some research studies the life expectancy in the state of Ohio is 76.2 years. This means that for every 100,000 people living in the state as many as 1000 people in the age group 55 to 64 years expire annually. In the age group 65 to 74 years the number of people expiring increases to 2500. This data is as per the government records taken in the year 2009. This shows that it is important to go in for an Ohio term life insurance so as to ensure the security of the family even in case of the untimely demise of the breadwinner.

Ohio State regulates the insurance sector through The State Insurance Code of Ohio. As per this code people opting for Ohio Life Insurance are eligible for certain protection. These are:

• Free look: As per this code all the insurance plan sellers in Ohio are supposed to provide the Free Look facility to the buyers. This means that one can cancel the life insurance policy taken for whatever is the reason even after signing the contract and receiving the policy documents. The Free Look period is usually between 20 days to 30 days.


• Death Benefit Processing: The beneficiaries under the


• 
  Ohio Term Life Insurance types or any other policy are entitled for fast and trouble free claim processing in case of death benefits. As per the State Code insurance companies need to pay interest on the benefits too which comes into effect immediately after claim filing.

Mike Sheehan, the President of YourInsurance411.com is an expert in the insurance sector and can assist the residents of Ohio in choosing the right types and plans, provide information on the IRA alternatives and the necessary resources so as to achieve the much needed security to their family members. Mike provides extensive information on his website too which can be read by the visitors interested to know more in detail about the various

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Ohio Life Insurance

Life Insurance – Insurance Term Life Insurance

There are several types of life in Mississippi. One of the most common life insurance is a long-term purchase. This type of insurance can be purchased in lengths of 5, 10, 15, 20, 25 or 30 years. There are three considerations for the policy of most life insurance policies. Everyone can, within life insurance, or a combination thereof may be included to be used. The par value refers to protection by the shares of services to be provided in case of deathPolitics. The premium is the amount of the insured person and paid for the duration of the period of coverage. Most of the measures have a renewal option at the end of its duration.

http://www.termlife.pannipa.com/2009/12/life-insurance-insurance-term-life-insurance/

It ‘very similar to the car restored or health insurance. The insurance premiums remain stable or increase in the term. The prices are for certain demographic groups and their health at the time of signing the policy. When it’s time to renewMississippi, its life insurance, new statistics and health is the base rate for the new award. Many people buy insurance guide to protect your home for your family when they die. The payments go directly to the holder of the mortgage, but as a receiver.

A policy of life insurance in Mississippi, which is a concept of life is often recommended as an alternative for many reasons. The first is that it is more convenient than the mortgageInsurance. The proceeds of the policy are sent to the heirs, but the bank. This means it can be used for mortgages or other problems that require attention, as deemed appropriate by the family. The most common condition leading to a deterioration of health of the Mississippi are obese. Hypertension, diabetes and inactivity in the majority of adults are also factors of this condition.

The State Department of Insurance to ensure that insurers are properly authorized. TheyAlso make sure that their rights are protected, if the term should be replaced. Consumers have not extended in the past, when his health back. This left their families in danger. Life insurers in Mississippi, are also protected. There are several statues of the Mississippi to defend against insurance fraud. Information on applications can be denied and the policy can be resolved if differences were detected. To ensure that you get the correct information on the MississippiLife insurance, you should speak with a local agent.

http://www.termlife.pannipa.com/2009/12/life-insurance-insurance-term-life-insurance/

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Life Insurance – Insurance Term Life Insurance

Test Post from Find Your Policy.com

Test Post from Find Your Policy.com http://unclaimedlifeinsurance.us

Stop Smoking And Save On Life Insurance

Stop Smoking And Save On Life Insurance

For insurance companies, deciding how much to charge any given individual for life cover is all about calculating the level of risk involved in insuring them. Insurance companies assess this risk by taking medical histories and collecting information about lifestyles, physical health and other factors. Looking after your health, therefore, is one of the best ways of reducing the cost of life cover-and the smoking habit is one of the single biggest lifestyle factors that drive the cost of insurance up.

The Higher Cost of Life Insurance

The average smoker will pay at least 40% more for life cover than they would if they were a non-smoker. Some insurance companies are more forgiving than others, but depending on the company you choose, you could pay up to 55% more for your life insurance. Being a smoker affects all forms of life and health based insurance, including critical illness cover and income protection.

Quitting cigarettes can amount to huge savings on your life insurance premiums. For example, a 35 year old male smoker with a policy benefit of £100,000 might pay £19 per month for the cover, whereas a non-smoker might pay only £10. Over twenty years, the non-smoker pays £2,400 for their life cover, while the smoker pays £4560 – that’s an extra £2160 over twenty years. That may not seem like much, but when you consider that the average British smoker spends £1,500 a year on cigarettes, quitting smoking for any reason adds up to sizable savings and lower insurance premiums are the icing on the cake.

Getting your Premiums Reduced

If you’re currently a smoker paying these astronomical prices for life cover, you can still reduce your premiums to a more affordable level. Most life insurance companies require that a smoker who has recently quit must remain a non-smoker for a full year before requesting an evaluation of their premium to take their new non-smoking status into account.

Don’t think you can fool your insurance company into thinking you’re a non-smoker when you haven’t given up, however. Ex-smokers who want to switch to a non-smoking premium rate will have to fill out a new application form, go through another medical exam, and relate their recent medical history as well. Your insurer may even request that you take a cotanine test to prove your non-smoking status. Any false information invalidates the policy, and as with all types of insurance, absolute honesty is the only way to go.

Take the Opportunity to Shop Around

Remember that if you decide to have your status as a non-smoker evaluated to reduce the premiums on your current policy, this will be a good time to shop around and see if you can find an even better policy elsewhere. The best savings might not even be with your current insurance provider, and you might be able to save even more money by checking out your options.

Interestingly enough, kicking a smoking habit can even save you money on your home insurance. With more than half of home fire claims attributable to cigarette-related causes, non-smokers can save on home insurance premiums, too.

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Stop Smoking And Save On Life Insurance

Term Life And Whole Life Insurance

 

Term Life And Whole Life Insurance

Which type of policy is best for you, term or whole life? The answer depends on several factors, including:

Your Needs. If you need coverage only until your children graduate from college, for example, you might be better off with a term life policy.

Cash-value insurance is better suited for long term needs, such as planning estate taxes and providing lifetime security for your spouse. Some term policies cannot be renewed past age 70 or 80 and can become costly to renew as you approach that age.

The Cost. If term life insurance is more suited to your budget and you want life time coverage, consider a term life policy which can be converted into a whole life policy. Then you can convert the policy whenever your cash flow or needs dictate. You can also purchase a combination of term life and whole life insurance and gradually shift into whole life insurance over time.

Your Savings and Investment Goals. Whole life insurance can be a good long term investment vehicle, especially because the cash value has the potential to grow tax-deferred. Should you no longer need the insurance but want some extra cash, you may surrender the policy and collect the accumulated cash value. Be sure to discuss the tax consequences with your tax advisor first.

As an alternative, you could purchase term life insurance and invest what you save on premiums on your own. Compare the returns you can expect, and remember to take taxes into consideration if you plan to select taxable investments.

So, Should I Buy Term Life or Whole Life Insurance? Term life and whole life insurance both have advantages including immediate family protection. Deciding which type of policy and which features are right for you takes careful consideration and, most times, a comprehensible look at your financial plan. To discuss your life insurance needs and financial requirements, contact your financial professional.

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Term Life And Whole Life Insurance

Insurance Claims - The Policyholder Should Always Get a Second Opinion!

Too many policyholders rely on their insurance company to visit their property, inspect their claim, and provide a claim settlement for their damages. This should almost NEVER HAPPEN!

I’m not saying that there are no good adjusters out there and that they can’t be trusted, not at all. There are many excellent adjusters that do an excellent job. However, are you under the delusion that they will never make a mistake, miss hidden damages, or that they all have multiple years of experience? Not a chance.

Have you ever had a second opinion before having your car fixed? Have you or anyone you know ever needed a second opinion after seeing a doctor? A second opinion when shopping for a car, computer, or hiring a contractor? Have you ever had more than one estimate to build or repair something for your home? I’m assuming you’ve answered yes to at least one of these questions, if not more. Then why do policyholders allow insurance company adjusters to TELL THEM what they will pay on their insurance claim?

Most insurance adjusters have learned how to pass an insurance claim exam and learned how to use an insurance estimating program… but have never worked on an insurance repair job. Many have never built or repaired a home, nor have they ever worked for any type of Construction Company. Chances are they will miss something needed to properly complete the repairs of your claim.

It’s YOUR property, it’s YOUR insurance policy, and it’s YOUR responsibility to protect yourself. Again, your adjuster may be dead on with his/her analysis. Regardless, you should have a contractor or insurance claim professional provide you with a detailed, line item insurance claim estimate to compare to.

What Is A Line Item Detailed Estimate?

Sometimes a contractor will use a complete sf price for a roof or deck, but the insurance company is requesting the estimate be broken down per line item. Using the roof example; the insurance companies want to see each process of the roof replacement, AND each type of material being used on the roof – listed separately. Here’s an example;

Description   Qty   Unit Cost Total

Tear off 3 tab – 25 yr. 27 sq $42 1,008.00

composition shingle

Replace 3 tab – 25 yr.  30 sq $162.09 4,862.70

composition shingle roofing

incl. felt

Drip edge 313.33   $1.29 404.20

Flashing – pipe jack 2   $22.08 44.16

Continuous ridge vent 70   $5.51 385.70

Step flashing   42.33   $5.58 236.20

Skylight flashing kit 2   $66.00 132.00

Digital satellite system 1 $101.14   101.14

Detach & Reset

  Total 7,174.06

The numbers in the above example are fictitious; however, it shows the basics of a Line Item, Detailed Estimate. Each line item is broken down in detail and displays the description, quantity, unit cost, and total for each separate line item. This type of detail is needed so the insurance company can review and compare each separate line item and unit costs with their own software. Having the insurance claim estimate formatted the way the insurance companies like to see them, results in a faster settlement.

In the event of an insurance claim dispute a more detailed estimate allows for a smoother, less time consuming process. It’s difficult for the insurance companies to dispute insurance claim estimates that are presented to them in the exact format that they are requesting.

Watch yourself, educate yourself, and protect yourself by obtaining a second opinion on any and all insurance claim damages you incur. If you won’t look out for yourself… who will?

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Insurance Claims - The Policyholder Should Always Get a Second Opinion!

ULIPs provide a lot of flexibility to the policyholders

Today, insurance particularly life insurance is one of the major ways of securing ones life and ones family from untoward incidents and from sudden financial losses. Life insurance policies such as term life insurance and whole life insurance policies offer that protection for a person’s life.

Nowadays, many people are moving toward life insurance because of the advantages that of having a policy. For a long time there were no innovations in life insurance as a product. But, in the recent times, a new innovation has been introduced. This product is called ULIP or Unit Linked Insurance Policy. ULIP are a new age insurance policies. These are not just insurance policies, but they are also investment plans. As an insurance policy, unit linked policies offer life insurance advantages. And as an investment plan, it provides wealth that has been built over time.

ULIPs are special types of policies because they offer both the advantages of an insurance policy and investment plan. This is particularly advantageous for those people who may not be able to afford a separate insurance policy and separate investment plans. Under such conditions, ULIPs can be a great advantage.

When we look at how unit linked policies work, it is evident that they are similar in nature to units of mutual funds. The premiums that are paid by to the insurance company are invested in these units in the stock market. The health of this investment plan is calculated on a regular basis and is disclosed to the policy holders. Until now, it seems like an average investment plan, but the rest of the story is that it is basically an insurance policy whose premium proceeds are directly invested in special ULIP units. The average life of Unit linked policies is upto 20 years and more. If at all, the policy holder passes away during the policy period, the ULIP units market value is ascertained and the proceeds are passed on to the policy holder’s nominees.

ULIPs are often compared to their market counter parts mutual funds. Mutual funds usually, have a life time of about 5 to 10 year. Within this time, the mutual fund may or may not be able to grow as desired. But in case of ULIPs whose average life is more than 15 years and can range up to 25 years, the fund will receive ample time to grow into wealth. This makes it more advantageous than mutual funds.But, these are not for those who want short term investment plans or short term insurance policies. As the cost of operating ULIPs is very high, it is better to stay away from them. But, those who are seriously looking forward to investing for a long time, then they are the best that one can get.

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ULIPs provide a lot of flexibility to the policyholders

Insurance, Policy, Life Insurance, Life Insurance policy

An INSURANCE is an INSURANCE and Not an Investment Not very long ago many insurance agents came to my father in the beginning of the year with a new diary and calendar.

 

My father, a teacher made them comfortable, sipped many cups of coffee with them and understood the benefit of having an LIC insurance policy. LIC is as synonymous with insurance as Colgate is with toothpaste. In those days the shrewd insurance Uncle sold my father two policies, one for him and another for my mother. He even took more names as references from my father. He was promoting himself as superman. Yes the same cartoon character who saves the world from evil. Well that’s what the insurance agent was trying to do as well or so he portrayed. He sold those policies as tax saving instrument. And till date my father is bearing the burden of paying the premiums for both the policies ensuring that ‘insurance uncle’ is now a millionaire.

After many years one fine morning of January I got a surprise call from my father.
After the usual pleasantries my father passed the phone to a stranger. To my surprise it was ‘insurance uncle’. He first praised my father for the very timely payments of insurance premiums and then asked me if my wife and I had any insurance or not. He offered me many products with good returns linked to the market. After a long explanation from him i only asked him one simple question.

” Uncle are you selling me insurance, a tax saving product or a product with good returns? Can I get an insurance product for just insurance?” He had no convincing answer and when I asked if he could offer a good term insurance for my 50 year old father the phone was disconnected. Some things that your agent never tells you-
I have my friend in a PSU which sells insurance products. When I asked him to suggest a best term insurance I could see his wicked smile. He said that the bank was not interested in selling term insurance as it was a bad business idea for banks. Then he went on to disclose why no insurance agent sells term insurance. In plain and simple terms Term insurance is protection against risk to life. Very few understand that a term policy is insurance at its purest and simplest best. You pay premiums because there is a guarantee that if something happens to you, your family will be paid out the pre-decided amount, hence you have the peace of mind that even if you are not there, those loved ones will be well taken care of. As it is the cheapest form of insurance the commission that the agent gets is very low,  just one tenth of what he gets for selling a ULIP ( market linked insurance products) and other life insurance policies. 

For example if you buy LIC Jeevan Anand endowment plan of Rs.2,500,000 for 25 years you end up paying close to Rs.1 lack  per year whereas for a term plan you will require to pay just Rs.5600. The remaining sum if you invest in mutual fund through systematic plan you can fetch much more return than what your insurance company will get for you. So next time when an insurance agent calls you do ask him about the term insurance plan he can offer to you and the chances are you will never get the call again.

 Why a term insurance is a must for you- 
 Simply because it provides a safety net for your family and is the cheapest form of insurance available. The premium depends on the mortality charges, which are lower at a younger age. Hence, the earlier in life you take insurance, the longer the term and cheaper the cost. Term insurance policies cover you for a specific amount of money and for a specific period of time. How do you then decide what is the right amount and right term for you? The amount depends on a number of factors like the age of your children, the important goals that you have, the number of years left to your retirement and so on. Likewise the term of the policy is mostly linked to how long you are going to be working. If you are to buy the term plan of 100 lakh for twenty years and your age is 30 years here is a comparison for you. 
 Term Policy Sum Assured  Premium (Annual)   Agon Religare I term plan  100 Lakh 9600+989( service tax) = 10,589  Met Suraksha Plus  100 Lakh   15000+1545=16545   ICICI pure protect elite  100 Lakh  15810 +1628= 17438  LIC AMULYA JEEAN  100 Lakh  25700

 Do not buy One but MANY-
One more thing which your agent will never tell you. He will tell you his age, his experience, his track record but will not make an effort to help you with simple mathematics. Here’s the catch. It makes sense to split your life insurance needs by buying a number of policies instead of just one. Let us understand this with an example. If one requires an insurance cover of Rs 1.5 cr for 20 years, the same policy could be split into, say, 3 policies of Rs 50 lakh each with terms like 10, 15, 20. The point to understand is that Rs.1.5 cr cover will not be needed for the entire 20 years, if you were to work it out it may be required only in the initial few years. This way, there will be two advantages. 
 
First, after completion of the period, the premium for that policy stops, boosting cash flows. In this example, after 10 years, the first policy would stop and consequently that premium need not be paid. Secondly, since these policies are of shorter tenure, the policy holder will be paying lower premiums as well. This is a double benefit that can make a huge difference in the premium, without compromising on the protection requirement. 
 
For example if you buy a Rs 1.5 cr policy for 20 years, the premium for ICICI Pru pure protect comes to Rs 39,279/- pa. However, if you split the policy into three of 10/15/20 year terms, you will pay a total premium of Rs 33,982 pa which is a difference of Rs 5,297/- pa. Now after 10 years, one policy would end and a premium of Rs 9,707 would not have to be paid. Over time, one policy after another will keep on closing and premiums to be paid becomes less and less. If we were to calculate the premiums in the first scenario where he takes one policy of Rs 1.5 cr for 20 years, he would pay a premium of Rs 7, 85,580/- over that time period. In the other scenario, where he takes three different policies, he will be paying in all, Rs 5, 26,660/-. That is a staggering difference of Rs 2, 58,920/-, over the period. This is without compromising on the life cover requirements. It does make sense to have a clutch of policies with different terms, doesn’t it?
 
The last word-
If you are still confused whether you should go for a term plan because you end up get nothing if you survive here is year another option for you. There is a plan with Birla Sun life Insurance company which returns your premium paid when you survive after the term of the policy. For example if you buy term insurance of 12 lakh for 20 years you will have to pay 6000 rupees as annual premium. And the company will give you 2.40 lakh after the maturity of the plan. But if you study carefully the premium is higher in this product and the same will be used to give you the return back. After all insurance companies are not doing charity. So the investment mantra for insurance is just one. Never mix insurance with tax planning. Never mix insurance with capital market linked returns

Insurance, Policy, Life Insurance, Life Insurance policy

Term Life Insurance

Term Life Insurance

Term life insurance is a life insurance product that pays out a cash lump sum upon death of the insurance policyholder or at the point that the insurance policyholder is diagnosed as terminally ill. But, despite it being a low cost term life product – insurance cover can be acquired from as little as £5-£10 per month – surprisingly few of us have term life insurance in place.

For people with a mortgage and family to support, not having a term life insurance policy exposes them to a large financial risk. This risk becomes apparent when you consider how the mortgage and household bills would be paid if the main income producer were to die or to become terminally ill. The end result could be that loved ones who are left behind find their home is repossessed because they cannot keep up the mortgage repayments.

Some people prepare for such an eventuality by taking out a mortgage life insurance policy. This is all well and good for covering off the remainder of the mortgage loan, but where will the money come from to pay the gas & electricity bill and the council tax bill every month, let alone the money needed to cover the policyholder’s funeral expenses? It is at this point that a term life insurance policy becomes very useful indeed.

If you don’t have a term life insurance policy in place, here are some sobering reasons why you should consider taking out a term life policy now…

• CANCER – One in three people will develop cancer at some point in their lives. Research into cancer is of course ongoing, and one day some cancers may be curable. In the meantime a term life policy offers income protection for loved ones left behind in the event of terminal cancer diagnosis and death from cancer.

• HEART DISEASE – Heart and circulatory disease accounts for more than 35% of all deaths in the UK each year. The number of people dying from heart and circulatory disease is on a falling trend, but the number of people becoming morbidly obese is increasing, and so may reverse this trend in the near future. Term life policies can be configured to pay out if cause of death is heart-related.

• MRSA (SUPERBUG) – The death rate from the MRSA superbug has doubled in the last 4 years. MRSA is a bacterial infection that is resistant to antibiotics. It commonly causes death in people with weak immune systems, and so easily spreads amongst the sick & old in hospital wards. Many life insurance policies pay out if the cause of death is MRSA related.

• AVIAN FLU (BIRD FLU) – Recent comments by the Society of General Microbiology in the UK sparked controversy when they estimated that 2 million people in the UK could die from a highly infectious strain of mutated Avian Flu. If you are worried about Avian Flu check with the life insurance agent to see if their term life policy covers such an eventuality.

 

Term Life Insurance

Term Life Insurance And No Exam

Term Life Insurance And No Exam

Many people strive to purchase term life insurance policies that require no medical exams; however, medical exams aren’t enforced to torture you as a potential term life insurance plan policyholder. Medical exams are usually in effect simply to protect the term life insurance company. These medical exams may actually protect you, too.

Check out some of the most frequently asked questions about term life insurance and medical exams.

Why do term life insurance companies require medical exams?

Medical exams are used to protect the term life insurance company as well as you. If you have a serious and potentially fatal health condition, the term life insurance company wants to make sure they receive the necessary amount of payments to cover you and your beneficiaries.

What does a medical exam for a term life insurance company consist of?

Some medical exams are pretty thorough. On the other hand, some term life insurance companies only require urine and/or blood samples.

What happens if I am turned down for a term life insurance policy due to the medical exam results?

If you are repeatedly turned down, talk with your state’s department of insurance about other possibilities and alternatives.

What if I lie during my medical exam?

If you find a way to fudge your medical exam, or lie about your history, trust us – you will not be doing any harm to the term life insurance company. You will only be harming yourself. If you pass away due to a health-related issue such as smoking, an issue you lied to your term life insurance company about, your term life insurance company has the right to refuse compensation for your beneficiaries.

How can I find a term life insurance company that requires no medical exams?

If you are still interested in avoiding a medical exam, you will simply have to shop around until you find a reputable term life insurance company that doesn’t require one.

Term Life Insurance And No Exam

Term Life Insurance As A Charitable Gift

 
Term Life Insurance As A Charitable Gift

Typically, when we take out term life insurance it is purchased while we are younger and just starting our families. After some years, a policy becomes old and outlives its original intention:  perhaps your spouse no longer needs financial security or your children are now financially independent. In these cases, individuals decide to leave their term life insurance policies as gifts to their favorite charities. This is particularly beneficial to individuals who have large financial assets as they can use their contributions as tax deductions for their estates.

There are several ways in which to give a gift of life insurance to a charitable cause.  First, you can purchase a new term life insurance policy altogether, leaving the charity of your choice as the beneficiary. Or, you can simply change the beneficiary of your existing term life insurance policy. Upon your death, the named charity would receive full face value of your policy.

When you list a charity as your beneficiary, you will need to have the following information:

1.    The full legal name of the charitable organization.
2.    The charity’s permanent mailing address.
3.    Your charity’s federal tax identification number.
4.    Your relationship to the beneficiary:  to be listed as “charity”

Charities always have someone in charge of organizing and accepting gifts and donations. You can be certain that they will be happy to help you should you have any questions on the gift giving process or need help in filing any forms.

Rules for Paid or Unpaid Policies

If you choose to name a charity as the beneficiary of an already existing paid-in-full term life insurance policy, you may be able to deduct an amount equal to the fair market value of the policy, or your cost basis, whichever is less. Since your charity becomes the owner of your policy, the proceeds will not be included in your estate for tax purposes.

If you are still making annual premium payments on your policy, you may be able to deduct an amount equal to the approximate cash value of the policy or the policy’s cost basis, whichever is less, in the year in which you make the gift. Again, the proceeds will not be included in your estate for tax purposes. You may also be able to deduct any future premium payments.

Group Term Life Insurance

If you participate in a group term life insurance policy through your workplace, you can donate your excess coverage to your favorite charity as well. Many employers provide generous life insurance coverage as a fringe benefit to their employees. However, most employers do not tell you that you are also required to pay income tax on the cost of coverage over $50,000.00.

How do you avoid paying these taxes? There is a special rule that excuses this extra tax if you donate the excess coverage to charity. “Excess coverage” is an excellent way to donate to your favorite charity. The best part is that you pay no out of pocket expenses for premiums. You get all the benefits of giving while also saving money in taxes at the same time. For more information on “excess coverage” contact your company’s benefits department.

Using your term life insurance policy as a gift to your favorite charity enables you to make tax deduction and/or to gain other financial benefits to your estate. Be sure to talk to a financial advisor to ensure that both your family and your favorite charity both benefit by your financial decisions.

 

Term Life Insurance As A Charitable Gift

Term Life Insurance Company - How To Compare Them And Choose The Best For You

 
Term Life Insurance Company – How To Compare Them And Choose The Best For You

There are some companies that only sell term life insurance but they are the exception and not the rule. Term only life insurance companies are usually companies that are proponents of buy term and invest the difference. Most life insurance companies sell both term and permanent life insurance. There are some life insurance companies that have affiliates that sell supplemental policies to support their wide range of life insurance products. Shopping for term insurance is relatively easy but the number of life insurance companies that sell term insurance is staggering. There are a number of things to consider when you choose a life insurance company. How do you want to be serviced? That is an important question to answer because that will help determine what kind of life insurance company will best service your needs.

If you would like to have ongoing professional advice then you need to look at insurance companies that distribute their products through agents. There is an increasing number of people that prefer to do everything themselves either over the internet or by telephone with customer service representatives. There are insurance companies that do business this way as well. Once you have determined your preference then you can narrow down the insurance companies that fit your needs. This kind of evaluation will save you a lot of time when entering a rather large insurance marketplace.

The next step is to ask yourself why you are purchasing life insurance. This will give you a better idea about what kind of policy to look for when obtaining quotes. Debt coverage is usually best protected with term insurance. You may want to look at companies with extensive term portfolios. There are a lot of reputable insurance companies and they are highly regulated by their individual state’s insurance commissioner. There is a rating bureau called AM Best that gives a rating to each insurance company according to their financial strength. You can find this book in most libraries.

 

Term Life Insurance Company - How To Compare Them And Choose The Best For You

Term Life Insurance Coverage Is A Good Deal

 

Term Life Insurance Coverage Is A Good Deal

One financial product that is significantly cheaper than things like gas and food these days is term life insurance. It is estimated that term life premiums have fallen 30% or more in the past 10 years. Can you imagine buying gas at the same price you paid 5 years ago? It doesn’t get any better than that.

Why Is Term Life Insurance Cheaper?

As people are living longer term life insurance companies will have fewer claims in any given period. Add in competition and you will see why you can get a great price for your term life insurance protection. Term life covers you for a specific period, normally 10 or 20 years, is simple to understand and it is easy to compare the price of one company to another.

But Do You Need Term Life?

Children don’t need life insurance, but parents with young children need a lot of term life insurance as the cost of bringing up and educating children mount every year. For 90% of people, term life is what they should buy. Term is simple and cheap and it provides coverage for a lot of personal needs that will fade away over time. Term life does not have lots of bells and whistles which is why it is cheap. If you die, your beneficiaries get the money.

How Much Term Life Insurance Do You Need?

Some brokers suggest 7 times annual earnings; others say 10 times. The best way is to look at your own family situation. Who do you want to protect in case you pass away early? Many people need term life insurance to cover the mortgage, college bills and other family needs. Then, how much annual income will your family need on a day to day basis?

What Sort Of Term Life Is Recommended?

Mostly recommended is level term life insurance where the premium remains constant. Most life insurance companies sell this level term life insurance and increase the premiums after the first 10 or 20 years has expired.

Term policies can run 10 or 20 years or to age 100, with the 10 and 20 year term being the most popular. If it turns out you don’t need the policy for that length of time, you can drop some or all of it.

Finding a good online broker to do the shopping for you is more than half the battle in getting the best deal for your term life insurance coverage.

 

Term Life Insurance Coverage Is A Good Deal

Term Life Insurance Explained

 

Term Life Insurance Explained

Term life insurance does not build any kind of cash value, which makes it an original type of life insurance and considered pure insurance protection.  Unlike whole life insurance, term life insurance is only temporary and only covers a specific term, or a specific period of time in a person’s life.  Benefits will go to a beneficiary only if the insured person dies during that specific window of time.

Term life insurance is usually the cheapest way for people to purchase a death benefit package on a per dollar basis.  The reason for this is because the term will expire and the insurer will not have to pay out.

It is recommended that people should purchase term life insurance with the Theory of Decreasing responsibility in mind.  The Decreasing responsibility theory is provided that the insured person or persons realizes and understands that any and all financial responsibilities are only temporary and that they should purchase insurance to compensate for these responsibilities.

The easiest and simplest way to purchase term life insurance is on an annual basis.  The premium to be paid is only the expected probability of the person dying within that period plus a few extra fees, such as a cost and profit component.  Because insurers are able to choose whom they decide to ensure, the probability of someone they choose to insure dying within the next year is extremely low, most people opt not to purchase one-year terms.  An annual policy is not very cost-effective either.  Many people choose to go with annual renewable terms (ART).  In ART, a premium is paid for the coverage of one year and then is guaranteed to be continued each for so an X number of years, which could be anywhere from ten to fifteen to twenty years or more, whatever the insured person decides on.  Even though this direction will cause the insured to pay a higher premium, they are more likely to have the benefits paid.

A level term is a very popular form of term life insurance that is a renewable annual term with a constant premium for an X number of years.  The years in a term are usually 10, 15, 20, and 30 years.  A level term charges a higher premium for a longer amount of time simply because as people get older they are more expensive to ensure, and their age is averaged into the equation for the premium.

Even though they are more likely to be paid the benefits in the end, many people are uncomfortable with regular life insurance for one reason or another.  For those types of people, term life insurance is an excellent choice.  It gives people the option of having life insurance for a certain period and can be renewed annually or in larger periods.

Term Life Insurance Explained

Term Life Insurance For Californians

Term Life Insurance For Californians

It can be a truly daunting experience for anyone who is looking to purchase California term life insurance. Common in many industries, insurance is no exception; you will find the use of words that are defined in a way that is much different from the common or traditional definition. Because California term life insurance has some of its own vocabulary, it would be extremely beneficial for anyone looking to learn more about their policies to conduct some research and education on their own to make the process a lot less intimidating and a lot more clear. There are a lot of terms and vernacular that can potentially be unfamiliar and confusing to anyone buying term life insurance for the first time.

Here is a brief explanation of some of the more widely used terms.

Term Life Insurance Terms:

Beneficiary – The beneficiary for a term life insurance policy is whatever person has been designated by you to receive whatever benefits are outlined in the California term life insurance policy upon your death. You can designate that your policy benefits be dispersed among several beneficiaries, a single beneficiary or even a charity if you wish.

Proposed Insured – As it relates to the purchase of California term life insurance, the proposed insured is the person who is actually applying for the coverage. Learn more about California term life insurance at http://www.equote.com/li/californiatermlifeinsurance.html.

Attained Age – Some term life insurance companies used the attained age as a means of determining the age in term life insurance premium calculations. This method actually uses the actual age in years of the proposed insured person. Months are not considered when it comes to arriving at the attained age for a proposed insured person.

Nearest Age – The nearest age method when it comes to determining age for a California term life insurance actually takes months into account by looking at whether the proposed insured person is closer to their last birthday age or their next birthday.

Premium Mode – The term premium, as it pertains to term life insurance, is the amount that is charged by a life insurance company for a California term life insurance policy. The premium mode, on the other hand, relates to the frequency in which the insured pays these premiums. The total annual term life insurance premium tends to be somewhat higher when the insurance payments are spread out over a year instead of paid in a single lump sum. If you choose to break your annual premium into two or four payments, you will probably have to pay an extra couple of dollars per payment. Some insurance carriers may also charge a bank fee; so familiarize yourself with possible fees before making these decisions.

Coverage Amount or Face Value – This ‘coverage amount’ or ‘face value amount’ is the initial dollar amount that is chosen for the policy coverage for your California term life insurance policy. If you buy a term life insurance policy for $250,000 for example, that is the coverage amount or the face value, which is the amount that will be paid out to the beneficiaries that you have designated upon your death. Visit http://www.equote.com/li/termlifeinsurance-quote.html to learn how you can get a no-obligation quote for California term life insurance.

Guidelines for Underwriting – Underwriting guidelines are used by insurance companies to determine how to base their term life insurance coverage. These guidelines include many factors about your lifestyle, including your health and hobbies. Criteria for underwriting guidelines when it comes to California life insurance also typically includes age, gender, use of tobacco, weight and height, history of heart disease, diabetes, cholesterol, blood pressure and valve replacement in your family, your driving record, occupation, service in the military, any foreign travel or foreign residency and any felony or criminal activity.

Term Life Insurance For Californians

Term Life Insurance For Newlyweds

Term Life Insurance For Newlyweds

These days getting married brings about the joining of couples of many different circumstances. Of course there is the ever-traditional young couple fresh out of college who might have no other financial obligations other than student loans, rent and their vehicles. There are usually no children involved and life is just full of possibilities and opportunities that will be built together. Assets as well as bills will be accumulated as a couple.

On the other hand, there are now many couples who are remarrying for the second or third time and this is where things get more complicated. As newlyweds who are marrying for the second or third time are usually older, there is not only a blending of many collected assets and bills but more than likely a blending of children from both the husband and wife. There may even be dependents such as elderly parents who are being taken care of by either spouse.

In either scenario, starting a new life with someone not only brings on many emotional and personal changes but also a whole new spectrum of financial responsibilities. These new obligations, especially when children are involved, beckon for financial security if the unspeakable should happen – the loss of either spouse.

While no one likes to think about familial loss, especially when your new life together has just begun, it is important to plan ahead. Term life insurance is the most cost efficient way to plan for unpredictable loss. For young couples just starting out, term life is an inexpensive way to gain financial protection. Even if insurance seems unnecessary for a young couple where both partners are both working and there are no real financial obligations, it is actually the best time to buy since term life insurance is cheapest for the youth.

For those couples blending finances and children, purchasing a term life insurance plan is a “quick fix” until the whole new family situation can be assessed more thoroughly. As your true needs reveal themselves, you can change your plan accordingly. It is therefore important to make sure the policy you buy is convertible. If you already have existing life insurance, make sure you change the names of beneficiaries accordingly.

Some Tips for Newlyweds

For couples planning on having children it would be ideal to buy a term life policy that will keep your family covered until the children graduate from college. For the longest protection it would be advisable to purchase a 20 or 30-year level term policy. Level term policies stay unchanged from the original purchase price. The longer the coverage, the more costly the premiums, however, level term is still the most inexpensive coverage you can purchase. This is the best way for young couples or new families to get started.

The rule of thumb for purchasing coverage is usually 10 times your annual net income. However, the face value will obviously vary depending on your age and number of dependents you have now inherited or plan to have down the line. Only you can decide what your family would need.

While it seems tempting to rush off and buy the least expensive policy, especially as a short term alternative until your settled family’s true needs are revealed, it is important to make sure you go with a carrier that is “A” rated. Your best bet is to find a reputable broker who can advise you properly, especially if buying a level term policy. You want to make sure you buy a policy that is convertible, renewable and comes with a guaranteed period.

Certainly buying term life insurance may not seem a very romantic thing to think about as a newlywed, but in reality, coverage that protects you and your spouse against life’s unforeseen events is an important part of planning your life together. Assessing and addressing your insurance needs early on will help get your marriage off on the right financial footing.

Term Life Insurance For Newlyweds