Life insurance is an important policy to have but if you’ve had medical problems or are taking prescription drugs, you might find it much more difficult to find an insurance policy. When you do find one, you may be surprised to find the premium rates are much higher of “healthy” life insurance policies. It doesn’t have to be this way. Getting life insurance with a history of medical problems doesn’t have to cost an arm and a leg, and doesn’t have to be a hassle.
Mental and Emotional Issues
Tell a life insurer that you’ve taken Zoloft, Prozac or another anti-depressant or anti-anxiety medication and you might be short-listed for the “Deny” stamp. To prevent eminent denial, ask your primary care physician to write a note that you have been completely released from care of depression and/or anxiety and that you are functioning well without medication.
If your depression and/or anxiety were brought on by a life event, like a death in the family or post-partum, it is important to note the significance, and briefness, of the illness and medication. It is not uncommon for insurers to ask for a copy of related medical records as proof. Don’t be afraid of this, insurance agents must evaluate the risk of reoccurrence of potentially life-threatening or life-altering illnesses.
Some long-term or more serious mental illnesses, like bipolar disorders or manic depression, won’t necessarily get your application denied, either. Again, documentation is key to being offered reasonable life insurance premium rates. Speak with your doctor and ask for assistance proving the effectiveness of your treatment and a statement that your disorder is well under control.
Major mental health disorders, especially those known to cause delusions and suicidal behaviors, may raise more red flags than minor mental or emotional disorders. It is not uncommon for life insurers to require at least two years after the last suicide attempt or lapse in treatment to approve the application. There may also be numerous clauses regarding suicide in the plan.
Physical Issues
If you’ve had heart or lung problems or have been diagnosed with a disease or disorder that can be terminal or contribute to a shortened life span, you might find it more difficult than “healthy” applicant to find life insurance. A health history, including results of any medical tests from the past decade, should be provided to the insurance company when you apply.
Some insurers will require a physical examination, especially in the case of an abnormal medical history. If you’d like to prove your case even further, you may opt to subject yourself to genetic testing or even gene therapy. Be aware, however, that even after taking all of these steps, the insurer may require a clause negating any coverage if you die from the preexisting or known condition.
Omission
You may be tempted to just leave out the truth of your conditions. Before you do, you should know that doing so could result in your policy being canceled without a refund of premiums paid.
DYNAMIC LIFE AND AUTO INSURANCE : Child Life Insurance
The death of a child isn't something parents want to think about. But life insurance isn't necessarily all about death. Child life insurance is about the future and preparation. Taking steps today can help create a better tomorrow. And as parents or grandparents, our chief concern is making the future better for our children.
How Does Child Life Insurance Help a Child?
Right now, when a child is young, strong, and healthy, life insurance is obtainable at a minimum cost. But if a child develops a problem like a chronic disease, life insurance can be almost impossible to obtain. So signing up for a low premium term life insurance policy now, with a guaranteed periodic purchase option, will make it possible for them to have life insurance as adults.
Another possibility for them is to purchase a whole life insurance policy, which will last for the rest of their lives. Their age and health status won't make any difference, nor will it matter if they serve in the military or have dangerous occupation hazards.
Such child life insurance is perfect for planning for the future because of the cash value the plan would accumulate. As an adult, they could borrow against this value or stop the policy and withdraw the money (to pay for college or any number of things).
Who Can Purchase a Child Life Insurance Policy?
Parents, grandparents, and legal guardians can all purchase child life insurance policies. New parents often have heavy financial burdens during the first few years of a child's life, and buying insurance is difficult. So grandparents (who might be more financially stable) purchase insurance for their grandchildren.
When Does Coverage Start for a Child Life Insurance Policy?
When you start a life insurance policy for a child, the coverage begins immediately. There are no necessary medical exams to go through,just a few health related questions on the application is generally enough to get a child qualified.
The rates for child life insurance vary. Whole life rates stay the same. Term life rates depend on the policy, how old the child is, and several other factors. Policy renewal agreements can vary also, so make sure it's spelled out before signing up for term policies. Some times you can purchase a term policy and then switch it to whole life at the end of the policy's period.
Child life insurance policies can last as long as you wish to sign for. Again, whole life policies for children don't ever end, while term policies are defined before you purchase it.
Who Receives the Benefits?
In child life insurance policies, the parents or legal guardians are the beneficiaries. But the one who benefits the most is the child. He or she benefits from the security of a life insurance policy that will continue even if he or she is diagnosed with a life threatening disease. Secure your children's future now with child life insurance. It's good for them, it's good for you
Talk to your Insurance Agent to ensure Child Life Insurance is right for you!
How Does Child Life Insurance Help a Child?
Right now, when a child is young, strong, and healthy, life insurance is obtainable at a minimum cost. But if a child develops a problem like a chronic disease, life insurance can be almost impossible to obtain. So signing up for a low premium term life insurance policy now, with a guaranteed periodic purchase option, will make it possible for them to have life insurance as adults.
Another possibility for them is to purchase a whole life insurance policy, which will last for the rest of their lives. Their age and health status won't make any difference, nor will it matter if they serve in the military or have dangerous occupation hazards.
Such child life insurance is perfect for planning for the future because of the cash value the plan would accumulate. As an adult, they could borrow against this value or stop the policy and withdraw the money (to pay for college or any number of things).
Who Can Purchase a Child Life Insurance Policy?
Parents, grandparents, and legal guardians can all purchase child life insurance policies. New parents often have heavy financial burdens during the first few years of a child's life, and buying insurance is difficult. So grandparents (who might be more financially stable) purchase insurance for their grandchildren.
When Does Coverage Start for a Child Life Insurance Policy?
When you start a life insurance policy for a child, the coverage begins immediately. There are no necessary medical exams to go through,just a few health related questions on the application is generally enough to get a child qualified.
The rates for child life insurance vary. Whole life rates stay the same. Term life rates depend on the policy, how old the child is, and several other factors. Policy renewal agreements can vary also, so make sure it's spelled out before signing up for term policies. Some times you can purchase a term policy and then switch it to whole life at the end of the policy's period.
Child life insurance policies can last as long as you wish to sign for. Again, whole life policies for children don't ever end, while term policies are defined before you purchase it.
Who Receives the Benefits?
In child life insurance policies, the parents or legal guardians are the beneficiaries. But the one who benefits the most is the child. He or she benefits from the security of a life insurance policy that will continue even if he or she is diagnosed with a life threatening disease. Secure your children's future now with child life insurance. It's good for them, it's good for you
Talk to your Insurance Agent to ensure Child Life Insurance is right for you!
DYNAMIC LIFE AND AUTO INSURANCE : Group Life Insurance
Does your company offer group life insurance? If not, you might be ignoring one of the most cost effective ways to make your benefits package more attractive to potential and current employees.
Is Group Life Insurance Important
Today's employees expect more than a salary from their employees. In a recent survey by Wall Street Journal, participants were asked if they would rather: have no pay increase but retain current benefits, or get a raise and see benefits decrease. Fifty six percent of respondents said they would rather keep their benefits. This illustrates how important it is for employers to offer a competitive benefits package, aside from a decent salary.
Among the many benefits an employee can offer, group life insurance serves as an excellent way to attract new employees. It also increases the morale of current employees and creates loyalty within the company.
Who Will Group Life Insurance Cover
Group life insurance policies can apply to any existing or new employees and associates. And most policies can offer extra benefits that employees can opt for at a discounted rate if they want to pay for the added expense. This makes it easy for employers to offer more than one plan, but still only pay a minimum for premiums.
How Does Group Life Insurance Costs Compare to Individual Life Insurance
Group life insurance is often cheaper than individual life insurance for several reasons. First of all, it's a form of collective bargaining - it's buying in bulk. So you're getting bulk rates, and everything is cheaper in bulk. It involves less paper work for the agents and less time selling to each individual. These are the incentives for insurance companies to give lower rates on group life policies.
Employers especially benefit from group life insurance in a unique way. There's no mandatory medical exams in order to be qualified. For some, this is the difference between being able to obtain insurance and not being able to. Chronic diseases make getting life insurance difficult. The fact that they can obtain life insurance through your company could be enough of a reason to persuade hard working employees to stay in their positions.
What other Benefits does Group Life Insurance Offer
* Since group life insurance is part of the wages you pay, it's tax deductible. If you're going to use a tax write-off, it may as well do something for you. Adding benefits to employee packages increases morale and, consequently, work productivity.
* Many plans offer a Waive of Premium benefit. If an employee is totally disabled, he or she can continue group life insurance coverage without paying the premiums. This (again) is a tangible sign of appreciation for your employees.
* You can customize group life insurance policies to fit your company needs. Many plans offer customization to fit specific employees (per salary, years with the company, etc.)
Your company's benefits package is the main attraction to the work force. Adding to it will attract a better working class, and help you retain your hardest workers. Take steps now to add group life insurance to your benefits package.
Talk to your Insurance Agent to ensure Group Life Insurance is right for you!
Is Group Life Insurance Important
Today's employees expect more than a salary from their employees. In a recent survey by Wall Street Journal, participants were asked if they would rather: have no pay increase but retain current benefits, or get a raise and see benefits decrease. Fifty six percent of respondents said they would rather keep their benefits. This illustrates how important it is for employers to offer a competitive benefits package, aside from a decent salary.
Among the many benefits an employee can offer, group life insurance serves as an excellent way to attract new employees. It also increases the morale of current employees and creates loyalty within the company.
Who Will Group Life Insurance Cover
Group life insurance policies can apply to any existing or new employees and associates. And most policies can offer extra benefits that employees can opt for at a discounted rate if they want to pay for the added expense. This makes it easy for employers to offer more than one plan, but still only pay a minimum for premiums.
How Does Group Life Insurance Costs Compare to Individual Life Insurance
Group life insurance is often cheaper than individual life insurance for several reasons. First of all, it's a form of collective bargaining - it's buying in bulk. So you're getting bulk rates, and everything is cheaper in bulk. It involves less paper work for the agents and less time selling to each individual. These are the incentives for insurance companies to give lower rates on group life policies.
Employers especially benefit from group life insurance in a unique way. There's no mandatory medical exams in order to be qualified. For some, this is the difference between being able to obtain insurance and not being able to. Chronic diseases make getting life insurance difficult. The fact that they can obtain life insurance through your company could be enough of a reason to persuade hard working employees to stay in their positions.
What other Benefits does Group Life Insurance Offer
* Since group life insurance is part of the wages you pay, it's tax deductible. If you're going to use a tax write-off, it may as well do something for you. Adding benefits to employee packages increases morale and, consequently, work productivity.
* Many plans offer a Waive of Premium benefit. If an employee is totally disabled, he or she can continue group life insurance coverage without paying the premiums. This (again) is a tangible sign of appreciation for your employees.
* You can customize group life insurance policies to fit your company needs. Many plans offer customization to fit specific employees (per salary, years with the company, etc.)
Your company's benefits package is the main attraction to the work force. Adding to it will attract a better working class, and help you retain your hardest workers. Take steps now to add group life insurance to your benefits package.
Talk to your Insurance Agent to ensure Group Life Insurance is right for you!
DYNAMIC LIFE AND AUTO INSURANCE : Guaranteed Issue Life Insurance
When Your Medical History Doesn't Look So Good
Guaranteed issue life insurance is a policy that's guaranteed to anyone... without regard to health conditions. You might think this sounds awfully risky for the insurance companies. They get around it in two ways.
Guaranteed Issue Life Insurance
First of all, guaranteed issue life insurance policies have "graded benefits". This means that if the insured person dies within a specified amount of time, the beneficiaries only receive a portion (or none, in the case of contestable periods) of the death benefits. Most guaranteed issue life insurance policies only pay full benefits after the first two years of the policy. So if John Doe purchases a guaranteed life insurance policy in 2006, and dies of cancer in 2007, the beneficiaries will only get a portion (or none) of the benefit.
Another way companies make money off guaranteed issue life insurance is by charging more for the premiums. They also set age limits on the policies (typically, they won't insure someone over seventy years old.)
What Kind of Insurance is Guaranteed Issue Life Insurance
It's a whole life insurance policy, but the premiums are higher because no-one can be turned down. This means that guaranteed life insurance policies accrue a cash value over time (usually after the first couple of years). A portion of the premiums pay the cost of insurance, while the rest builds the cash value.
And since it's a permanent life insurance, the premiums do not change, nor does the death benefit. As long as the premiums are paid, guaranteed issue life insurance is good for as long as you live.
Are There Exceptions to the Graded Benefits with Guaranteed Issue Life Insurance
Most policies will still pay the full amount of death benefits if the insured dies in an accident. But this is generally the only reason. In other words, if you find out you've only got three months to live, guaranteed issue life insurance won't help you.
What Else Should I Know About Guaranteed Issue Life Insurance
Since the policies are open to anyone, guaranteed issue life insurance doesn't require a medical exam or even a medical history. The questions asked are very general, like name, age, address, etc.
Most guaranteed issue life insurance policies have a limited death benefit amount (you'll have a hard time finding a policy for more than $50,000). Guaranteed issue life insurance policies are most often sought to cover burial expenses, debts left in the estate, and medical bills.
You can use the cash value in a guaranteed issue life insurance policy to cover emergency expenses while you're still alive. You can withdraw the money, and end the policy or accept a lower death benefit. Or you can borrow against the cash value and keep your benefits the same once you've paid the loan.
Guaranteed issue life insurance isn't for everyone. But if you have trouble obtaining other insurance policies because of a health condition, and expect to live for at least two years, guaranteed issue life insurance might be your only option.
Talk to your Insurance Agent to ensure Guaranteed Issue Life Insurance is right for you!
Guaranteed issue life insurance is a policy that's guaranteed to anyone... without regard to health conditions. You might think this sounds awfully risky for the insurance companies. They get around it in two ways.
Guaranteed Issue Life Insurance
First of all, guaranteed issue life insurance policies have "graded benefits". This means that if the insured person dies within a specified amount of time, the beneficiaries only receive a portion (or none, in the case of contestable periods) of the death benefits. Most guaranteed issue life insurance policies only pay full benefits after the first two years of the policy. So if John Doe purchases a guaranteed life insurance policy in 2006, and dies of cancer in 2007, the beneficiaries will only get a portion (or none) of the benefit.
Another way companies make money off guaranteed issue life insurance is by charging more for the premiums. They also set age limits on the policies (typically, they won't insure someone over seventy years old.)
What Kind of Insurance is Guaranteed Issue Life Insurance
It's a whole life insurance policy, but the premiums are higher because no-one can be turned down. This means that guaranteed life insurance policies accrue a cash value over time (usually after the first couple of years). A portion of the premiums pay the cost of insurance, while the rest builds the cash value.
And since it's a permanent life insurance, the premiums do not change, nor does the death benefit. As long as the premiums are paid, guaranteed issue life insurance is good for as long as you live.
Are There Exceptions to the Graded Benefits with Guaranteed Issue Life Insurance
Most policies will still pay the full amount of death benefits if the insured dies in an accident. But this is generally the only reason. In other words, if you find out you've only got three months to live, guaranteed issue life insurance won't help you.
What Else Should I Know About Guaranteed Issue Life Insurance
Since the policies are open to anyone, guaranteed issue life insurance doesn't require a medical exam or even a medical history. The questions asked are very general, like name, age, address, etc.
Most guaranteed issue life insurance policies have a limited death benefit amount (you'll have a hard time finding a policy for more than $50,000). Guaranteed issue life insurance policies are most often sought to cover burial expenses, debts left in the estate, and medical bills.
You can use the cash value in a guaranteed issue life insurance policy to cover emergency expenses while you're still alive. You can withdraw the money, and end the policy or accept a lower death benefit. Or you can borrow against the cash value and keep your benefits the same once you've paid the loan.
Guaranteed issue life insurance isn't for everyone. But if you have trouble obtaining other insurance policies because of a health condition, and expect to live for at least two years, guaranteed issue life insurance might be your only option.
Talk to your Insurance Agent to ensure Guaranteed Issue Life Insurance is right for you!
DYNAMIC LIFE AND AUTO INSURANCE : Mortgage Life Insurance
Insuring Your Life's Biggest Investment
If you're like most people, your home is the largest investment you'll ever make. And if other people depend on this investment (like your family) then Mortgage Life Insurance could be a perfect safety net for their security. Mortgage life insurance is a term policy (it doesn't build cash value) designed to cover your mortgage in the event of your untimely death.
Your mortgage isn't only your largest investment, it's also the longest financial commitment most people will ever make. A lot can happen during the life of a loan. Health conditions, financial situation, and the value of your home will all change by the time a mortgage loan is fulfilled. A mortgage life insurance policy is long term protection, the kind a family needs.
Different Kinds of Mortgage Life Insurance
There are several ways to open a mortgage life insurance policy. Sometimes, banks and real estate companies will sell a mortgage life insurance plan. The security it provides is beneficial to them, so they often offer it as an extra when you close your loan. In most cases, your benefits decrease as the principal decreases, you're only covered for what you owe on the mortgage. Yet the premiums stay the same throughout the life of the policy.
You can also open a mortgage life insurance policy directly with an insurance company. Working with an insurance company, in most cases, offers more advantages than the policies sold by banks and real estate companies. One benefit, is that the benefit amount often stays the same instead of decreasing (depending on the policy).
Other Differences in Mortgage Life Insurance Policies through Insurance Companies
Beneficiary In most cases, you have the option to choose your beneficiary. Mortgage life insurance from other sources almost always name the mortgage owner as the beneficiary. Also, the beneficiary can choose how to use the money.
Conversion Options Companies can usually offer mortgage life insurance policies with a pre-defined option to change coverage and payment in the future, one without regard to age and health conditions.
Guaranteed Premiums Sometimes, a mortgage life insurance policy doesn't guarantee the premiums. Using an insurance company gives you more options to set a defined premium or a variable one.
Freedom of Lenders Since other options make your lender the beneficiary of your mortgage life insurance policy, you loose the policy if you decide to refinance with a new lender. This can be a problem if your health conditions have changed since your policy started, obtaining a new policy might be impossible. But many insurance companies offer you the option of keeping your policy even if you switch lenders.
Mortgage life insurance is the right move for most because it offers a discounted rate for a term life policy. It's secure for you and secure for your family. Among the millions of home owners in America, few can guarantee their stability for the next thirty years. Mortgage life insurance changes that, so anyone can feel secure that their families won't lose their home when the worst happens.
Talk to your Insurance Agent to ensure Mortgage Life Insurance is right for you!
If you're like most people, your home is the largest investment you'll ever make. And if other people depend on this investment (like your family) then Mortgage Life Insurance could be a perfect safety net for their security. Mortgage life insurance is a term policy (it doesn't build cash value) designed to cover your mortgage in the event of your untimely death.
Your mortgage isn't only your largest investment, it's also the longest financial commitment most people will ever make. A lot can happen during the life of a loan. Health conditions, financial situation, and the value of your home will all change by the time a mortgage loan is fulfilled. A mortgage life insurance policy is long term protection, the kind a family needs.
Different Kinds of Mortgage Life Insurance
There are several ways to open a mortgage life insurance policy. Sometimes, banks and real estate companies will sell a mortgage life insurance plan. The security it provides is beneficial to them, so they often offer it as an extra when you close your loan. In most cases, your benefits decrease as the principal decreases, you're only covered for what you owe on the mortgage. Yet the premiums stay the same throughout the life of the policy.
You can also open a mortgage life insurance policy directly with an insurance company. Working with an insurance company, in most cases, offers more advantages than the policies sold by banks and real estate companies. One benefit, is that the benefit amount often stays the same instead of decreasing (depending on the policy).
Other Differences in Mortgage Life Insurance Policies through Insurance Companies
Beneficiary In most cases, you have the option to choose your beneficiary. Mortgage life insurance from other sources almost always name the mortgage owner as the beneficiary. Also, the beneficiary can choose how to use the money.
Conversion Options Companies can usually offer mortgage life insurance policies with a pre-defined option to change coverage and payment in the future, one without regard to age and health conditions.
Guaranteed Premiums Sometimes, a mortgage life insurance policy doesn't guarantee the premiums. Using an insurance company gives you more options to set a defined premium or a variable one.
Freedom of Lenders Since other options make your lender the beneficiary of your mortgage life insurance policy, you loose the policy if you decide to refinance with a new lender. This can be a problem if your health conditions have changed since your policy started, obtaining a new policy might be impossible. But many insurance companies offer you the option of keeping your policy even if you switch lenders.
Mortgage life insurance is the right move for most because it offers a discounted rate for a term life policy. It's secure for you and secure for your family. Among the millions of home owners in America, few can guarantee their stability for the next thirty years. Mortgage life insurance changes that, so anyone can feel secure that their families won't lose their home when the worst happens.
Talk to your Insurance Agent to ensure Mortgage Life Insurance is right for you!
DYNAMIC LIFE AUTO INSURANCE : Car Insurance How Much Do You Need ?
The topic of getting enough coverage on car insurance is a yearly discussion by both seasoned veterans and first time drivers alike. As you shop for car insurance, there are many coverage packages you´re going to be offered. Some are required while some are thrown in as extras.
Different words of advice are also given, like increasing your deductibles and reducing your liability coverage which may be risky. All in all, here are the different types of coverage you absolutely need.
For starters, most states require bodily injury liability, which awards the driver of other cars and passengers with money in the event if an accident. In addition, it covers the passengers in your car. This is the most basic type of coverage and helps prevent against lawsuits, even if the accident wasn’t caused by you directly.
Bodily injury liability is sold in different increments depending on per person and limit per accident. Up to $300,000 may be awarded if you have enough assets to justify that expense, such as $20,000 worth of stocks and a $500,000 house. If you’re poorer, coverage in the $50,000 should be enough.
Property damage liability is the next type of coverage to consider. This pays for the repair of the other person’s vehicle in case of an accident. Many states require as low as $5000, but you might run the risk of totaling a Porsche on the road which may require coverage starting at $50,000 and up. A minimum of $50,000 should be enough with $100,000 as a good cap.
In the hierarchy of insurance coverage, personal injury protection is one of the least considered because separate health and life policies can pay for the medical and funeral costs associated with an accident.
Check with your health plan first. Uninsured or underinsured motorist protection is slightly above, considering the past there are tons of uninsured drivers in the country. This pays for medical costs in the event the guilty driver cannot pay. Collision and comprehensive coverage should be reserved to newer cars.
Different words of advice are also given, like increasing your deductibles and reducing your liability coverage which may be risky. All in all, here are the different types of coverage you absolutely need.
For starters, most states require bodily injury liability, which awards the driver of other cars and passengers with money in the event if an accident. In addition, it covers the passengers in your car. This is the most basic type of coverage and helps prevent against lawsuits, even if the accident wasn’t caused by you directly.
Bodily injury liability is sold in different increments depending on per person and limit per accident. Up to $300,000 may be awarded if you have enough assets to justify that expense, such as $20,000 worth of stocks and a $500,000 house. If you’re poorer, coverage in the $50,000 should be enough.
Property damage liability is the next type of coverage to consider. This pays for the repair of the other person’s vehicle in case of an accident. Many states require as low as $5000, but you might run the risk of totaling a Porsche on the road which may require coverage starting at $50,000 and up. A minimum of $50,000 should be enough with $100,000 as a good cap.
In the hierarchy of insurance coverage, personal injury protection is one of the least considered because separate health and life policies can pay for the medical and funeral costs associated with an accident.
Check with your health plan first. Uninsured or underinsured motorist protection is slightly above, considering the past there are tons of uninsured drivers in the country. This pays for medical costs in the event the guilty driver cannot pay. Collision and comprehensive coverage should be reserved to newer cars.
DYNAMIC LIFE AND AUTO INSURANCE : Car Insurance Limitations
There are a variety of exclusions and limitations with respect to car insurance. You should read your policy and understand the terms, such as the deductibles, exclusions, and limitations, which vary by state. You need to be sure that you at least have the minimum auto insurance coverage required by state law.
Insurance policy limits written as 200/300/100 typically are for bodily injury and property damage liability. This means the limits for bodily injury would be $200,000 per person for injuries you caused to the other person, with a top limit of $300,000 for all injuries sustained in that one incident. The final 100 stands for a $100,000 limit for coverage of property damage that you caused to another party in one accident.
No Fault Car Insurance Coverage
The type and range of no-fault car insurance coverage varies from state to state. What defines the limitations of no-fault policies can differ. The threshold is the type of damage/injury or the cost of repair/recovery that triggers the need for legal action. Florida has a financial responsibility auto insurance law that requires any person at fault in an accident with bodily injury and property damage to have full liability insurance coverage. This coverage must include minimum liability limits of 10/20/10 and personal injury protection (PIP) limits of $10,000 per person per accident.
California has a financial responsibility law for auto insurance that requires every driver to be financially responsible. The minimum limits of liability insurance in California are as follows: bodily injury, $15,000 for death or injury of any one person in any one accident, and $30,000 for all persons in any one accident, and $5,000 for property damage for any one accident.
The mandated benefit level is the package of benefits (medical, wage loss, replacement services and other expenses) your state requires you to carry. The details of no-fault insurance can be complicated. Your agent or your state's insurance department can give you further information.
Lawsuit Limitation Option
The lawsuit limitation option limits your legal rights to make claim for monetary damages or to file a lawsuit against a careless driver unless you sustain one of the following types of injury.
* Type 1 - Death
* Type 2 - Dismemberment
* Type 3 - Significant disfigurement or scarring
* Type 4 - Displaced fracture
* Type 5 - Loss of a fetus
* Type 6 - Permanent injury
A permanent injury occurs when a part of the body is not going to heal to normal functioning. It is recommended that you do not elect the limitation on lawsuit option.
First Party Benefits
The time limitation for the combined benefits option of first party benefits coverage will depend upon the state and their statute of limitations laws. The benefit usually cannot exceed a period of 3 years and the insurance provider will only pay for expenses or loss incurred within three years from the date of the accident. For more information regarding the coverage that you have, you can contact your insurance company to help you review the terms of your policy and the time limitations.
You may also want to contact your state's insurance regulatory department for information on the state's limitation statutes. First party benefits are known most prominently in the state of Pennsylvania. Some companies call it Pennsylvania Options. Depending on the specific coverage you select, if you are injured in an accident, first party benefits can cover you and relatives living in the same household for medical expenses, lost income, accidental death, and/or funeral costs. The amounts covered are capped at the limits you select when you buy your auto insurance policy. Be sure to consider carefully the amount and kind of coverage you need.
First party benefits medical coverage is required in the state of Pennsylvania and is called personal injury protection (PIP) by some providers. This medical coverage pays medical bills regardless of who is at fault. The mandatory minimum required by law in Pennsylvania is $5000 and is called basic first party benefits coverage. You can purchase higher limits for your auto insurance up to $100,000.
Optional Coverage
Other optional coverages can be added to your car insurance policy for work loss, funeral benefits and accidental death. Personal injury work loss car insurance coverage provides reimbursement for wages lost due to an auto accident. Funeral benefits pay funeral costs when you or a family member dies due to an auto accident. Accidental death pays benefits if you or a family member dies due to an auto accident. There are various limits for auto insurance, which you can choose for each of these optional coverages.
Combination benefits include coverage for the required medical coverage plus additional coverages of work loss, funeral expenses and accidental death. This combination type of coverage has a maximum combined limit.
Insurance policy limits written as 200/300/100 typically are for bodily injury and property damage liability. This means the limits for bodily injury would be $200,000 per person for injuries you caused to the other person, with a top limit of $300,000 for all injuries sustained in that one incident. The final 100 stands for a $100,000 limit for coverage of property damage that you caused to another party in one accident.
No Fault Car Insurance Coverage
The type and range of no-fault car insurance coverage varies from state to state. What defines the limitations of no-fault policies can differ. The threshold is the type of damage/injury or the cost of repair/recovery that triggers the need for legal action. Florida has a financial responsibility auto insurance law that requires any person at fault in an accident with bodily injury and property damage to have full liability insurance coverage. This coverage must include minimum liability limits of 10/20/10 and personal injury protection (PIP) limits of $10,000 per person per accident.
California has a financial responsibility law for auto insurance that requires every driver to be financially responsible. The minimum limits of liability insurance in California are as follows: bodily injury, $15,000 for death or injury of any one person in any one accident, and $30,000 for all persons in any one accident, and $5,000 for property damage for any one accident.
The mandated benefit level is the package of benefits (medical, wage loss, replacement services and other expenses) your state requires you to carry. The details of no-fault insurance can be complicated. Your agent or your state's insurance department can give you further information.
Lawsuit Limitation Option
The lawsuit limitation option limits your legal rights to make claim for monetary damages or to file a lawsuit against a careless driver unless you sustain one of the following types of injury.
* Type 1 - Death
* Type 2 - Dismemberment
* Type 3 - Significant disfigurement or scarring
* Type 4 - Displaced fracture
* Type 5 - Loss of a fetus
* Type 6 - Permanent injury
A permanent injury occurs when a part of the body is not going to heal to normal functioning. It is recommended that you do not elect the limitation on lawsuit option.
First Party Benefits
The time limitation for the combined benefits option of first party benefits coverage will depend upon the state and their statute of limitations laws. The benefit usually cannot exceed a period of 3 years and the insurance provider will only pay for expenses or loss incurred within three years from the date of the accident. For more information regarding the coverage that you have, you can contact your insurance company to help you review the terms of your policy and the time limitations.
You may also want to contact your state's insurance regulatory department for information on the state's limitation statutes. First party benefits are known most prominently in the state of Pennsylvania. Some companies call it Pennsylvania Options. Depending on the specific coverage you select, if you are injured in an accident, first party benefits can cover you and relatives living in the same household for medical expenses, lost income, accidental death, and/or funeral costs. The amounts covered are capped at the limits you select when you buy your auto insurance policy. Be sure to consider carefully the amount and kind of coverage you need.
First party benefits medical coverage is required in the state of Pennsylvania and is called personal injury protection (PIP) by some providers. This medical coverage pays medical bills regardless of who is at fault. The mandatory minimum required by law in Pennsylvania is $5000 and is called basic first party benefits coverage. You can purchase higher limits for your auto insurance up to $100,000.
Optional Coverage
Other optional coverages can be added to your car insurance policy for work loss, funeral benefits and accidental death. Personal injury work loss car insurance coverage provides reimbursement for wages lost due to an auto accident. Funeral benefits pay funeral costs when you or a family member dies due to an auto accident. Accidental death pays benefits if you or a family member dies due to an auto accident. There are various limits for auto insurance, which you can choose for each of these optional coverages.
Combination benefits include coverage for the required medical coverage plus additional coverages of work loss, funeral expenses and accidental death. This combination type of coverage has a maximum combined limit.
DYNAMIC LIFE AND AUTO INSURANCE : Car Insurance for Women
Car insurance for women is a must-have for all female drivers. One way of looking at it is to consider women's car insurance as simply another way of being a responsible driver. None of us can predict what can happen and it IS better to be safe than sorry isn't it? Furthermore, no matter how good a driver you are, you can never speak for other motorists around you.
Is Car Insurance For Women Cheaper than For A Man?
Car insurance for women has just as many benefits as for men. However, women's auto insurance is said to be cheaper than that for men because women have been found to be safer drivers. And because women are not as prone to accidents, insurance companies are assured that they are not risking a lot by offering women lower rates.
Indeed, insurance companies have researched on this, and driving statistics show the following:
* Men commit more motor vehicle-related crimes than women.
* Men are less likely to pass their driver's licensing exam the first time than women.
* Motor vehicle-related accidents that men get into cause more damage than those that women get into.
Now, don't think that this data shows that you are not likely to need women's car insurance. This is the wrong attitude to take. Rather, rejoice in the fact that it will cost you less than you think to get women's auto insurance.
Coverage Options for Car Insurance for Women
Car insurance for women has many coverage options. Unlike health insurance that covers only injuries or a life insurance that covers only disabled body parts, auto insurance can cover the different aspects of a motor vehicle accident; it can provide for you, the other driver involved in the incident (if there is one) and both of your cars.
Coverage Options
* Liability: This coverage protects you if you hurt someone or damage property in the course of an accident. This includes medical expenses for anyone in the accident. However, this coverage does not include injuries or damage to your own motor vehicle. Moreover, each state has its own liability requirements.
* Property damage: This is coverage for property you have damaged if you have been determined to have caused the damage. This generally has a limit of $100,000.00 but you have the option to increase this amount.
* Comprehensive: This coverage pays for the damages incurred by your car. This also covers storm damage, theft, vandalism and fire. This coverage is required for any auto loan. The rate for this coverage decreases as the deductible increases.
* Collision: This coverage pays for any damage to your vehicle if you are determined to have caused the accident. The cash value of your vehicle is paid if the vehicle is totaled. This coverage is required for auto loans.
* Uninsured / Underinsured motorist: This coverage pays you if the accident is not your fault, but the other driver is not insured or does not have sufficient coverage.
* Optional Coverage: There are extras that you can choose to include in your women's car insurance policy. Examples are rental car coverage and emergency road service.
Is Car Insurance For Women Cheaper than For A Man?
Car insurance for women has just as many benefits as for men. However, women's auto insurance is said to be cheaper than that for men because women have been found to be safer drivers. And because women are not as prone to accidents, insurance companies are assured that they are not risking a lot by offering women lower rates.
Indeed, insurance companies have researched on this, and driving statistics show the following:
* Men commit more motor vehicle-related crimes than women.
* Men are less likely to pass their driver's licensing exam the first time than women.
* Motor vehicle-related accidents that men get into cause more damage than those that women get into.
Now, don't think that this data shows that you are not likely to need women's car insurance. This is the wrong attitude to take. Rather, rejoice in the fact that it will cost you less than you think to get women's auto insurance.
Coverage Options for Car Insurance for Women
Car insurance for women has many coverage options. Unlike health insurance that covers only injuries or a life insurance that covers only disabled body parts, auto insurance can cover the different aspects of a motor vehicle accident; it can provide for you, the other driver involved in the incident (if there is one) and both of your cars.
Coverage Options
* Liability: This coverage protects you if you hurt someone or damage property in the course of an accident. This includes medical expenses for anyone in the accident. However, this coverage does not include injuries or damage to your own motor vehicle. Moreover, each state has its own liability requirements.
* Property damage: This is coverage for property you have damaged if you have been determined to have caused the damage. This generally has a limit of $100,000.00 but you have the option to increase this amount.
* Comprehensive: This coverage pays for the damages incurred by your car. This also covers storm damage, theft, vandalism and fire. This coverage is required for any auto loan. The rate for this coverage decreases as the deductible increases.
* Collision: This coverage pays for any damage to your vehicle if you are determined to have caused the accident. The cash value of your vehicle is paid if the vehicle is totaled. This coverage is required for auto loans.
* Uninsured / Underinsured motorist: This coverage pays you if the accident is not your fault, but the other driver is not insured or does not have sufficient coverage.
* Optional Coverage: There are extras that you can choose to include in your women's car insurance policy. Examples are rental car coverage and emergency road service.
DYNAMIC LIFE AND AUTO INSURANCE : Dealing With Difficult Car Insurance Claims
Because state laws dictate how long insurers have to settle a claim, it could leave a person wondering if they'll ever be able to move on with life after an accident. The words “as soon as possible” just don't settle nerves when it comes to car insurance claims.
If you are thinking about settling, be sure to have all of the paperwork necessary to prove your claim. Insurance adjusters normally take written reports from clients that involve the facts of the accident, like location, any witnesses, expenses from the accident and any medical treatment that resulted from the accident. You'll also need to give your adjuster proof of medical bills and a note from an employer verifying lost work days due to treatment. All of this will eventually result in settlement of a claim.
If you have added the numbers with an amount for pain and suffering, also referred to as general damages, you should know about how much your claim is worth. The next step is to write up a demand letter to the insurance company explaining why your claim should be settled for a specific dollar amount.
As with any claim, don't just sit back and wait for a settlement; make sure your voice is heard. Contact your adjuster on a routine basis. Because your claim is typically just one of hundreds of insurance claims adjusters deal with, letting your adjuster know that you are on top of things is sure to make them take notice and put make your claim a higher priority.
If you can't seem to make the adjuster listen to you, like many businesses, the next step is to contact their supervisor. There are a lot of steps in settling a claim before coming around to the final settlement, but your adjuster should listen to your concerns. Depending on how complex your settlement is, a claims adjuster can usually speed the process along with company attorneys and whomever else is involved. An adjuster can't work wonders, but they should never avoid or put off returning endless phone calls for weeks at a time. If after talking to a supervisor you're still not satisfied your claim is being handled properly, consult an auto accident attorney or the National Insurance Consumer Helpline for advice.
When it comes time to repair your car, there are several things to consider. First, are the damages more than your car was worth in one of the Blue Books? If so, it is likely that your insurance company will file your claim as a total loss and you will have a few more options. Your insurance company will most likely provide a quote for a vehicle that was similar to purchase from a dealership within a certain vicinity or explain fully in writing the amount that the insurer would offer you.
If your car's damage was substantially less than the value of the car, your insurer will recommend getting several quotes for the damages so there are more options. Although the insurance company can't require insured parties to use certain types of auto repair parts, they can specify that the car have the same value as it had prior to the accident. If the replacement parts are more expensive than the original manufacturer's parts, you may be asked to pay the difference
If you are thinking about settling, be sure to have all of the paperwork necessary to prove your claim. Insurance adjusters normally take written reports from clients that involve the facts of the accident, like location, any witnesses, expenses from the accident and any medical treatment that resulted from the accident. You'll also need to give your adjuster proof of medical bills and a note from an employer verifying lost work days due to treatment. All of this will eventually result in settlement of a claim.
If you have added the numbers with an amount for pain and suffering, also referred to as general damages, you should know about how much your claim is worth. The next step is to write up a demand letter to the insurance company explaining why your claim should be settled for a specific dollar amount.
As with any claim, don't just sit back and wait for a settlement; make sure your voice is heard. Contact your adjuster on a routine basis. Because your claim is typically just one of hundreds of insurance claims adjusters deal with, letting your adjuster know that you are on top of things is sure to make them take notice and put make your claim a higher priority.
If you can't seem to make the adjuster listen to you, like many businesses, the next step is to contact their supervisor. There are a lot of steps in settling a claim before coming around to the final settlement, but your adjuster should listen to your concerns. Depending on how complex your settlement is, a claims adjuster can usually speed the process along with company attorneys and whomever else is involved. An adjuster can't work wonders, but they should never avoid or put off returning endless phone calls for weeks at a time. If after talking to a supervisor you're still not satisfied your claim is being handled properly, consult an auto accident attorney or the National Insurance Consumer Helpline for advice.
When it comes time to repair your car, there are several things to consider. First, are the damages more than your car was worth in one of the Blue Books? If so, it is likely that your insurance company will file your claim as a total loss and you will have a few more options. Your insurance company will most likely provide a quote for a vehicle that was similar to purchase from a dealership within a certain vicinity or explain fully in writing the amount that the insurer would offer you.
If your car's damage was substantially less than the value of the car, your insurer will recommend getting several quotes for the damages so there are more options. Although the insurance company can't require insured parties to use certain types of auto repair parts, they can specify that the car have the same value as it had prior to the accident. If the replacement parts are more expensive than the original manufacturer's parts, you may be asked to pay the difference
DYNAMIC LIFE AND AUTO INSURANCE : Return of Premium Term Life Insurance
Likely if you are shopping for a term life insurance policy you have seen ROP or Return of Premium. A return of premium policy is a term life insurance policy usually 20 or 30 years in length that once completed will return your cumulative premiums. If your premium is $225 per year your cumulative payments for a 30 year term policy is $6750. You will receive a check for the full amount paid of $6750 once the policy is up.
Unlike a whole or universal life insurance policy a return of premium's cash value does not increase or fluctuate, it acts a simple return on money.
What's the catch? How can life insurance companies offer return of premium policies? The return of premium policies often have higher premiums than standard term life insurance policies. A return of premium policy is a good option for young healthy individuals who will outlive a 20 or 30 year policy.
As with some term life insurance policies a return of premium policy has the option to be converted into a permanent life insurance policy such as a whole or universal insurance policy. Restrictions may apply depending on age of the insured and the type of policy but it does seem to be a good option for young individuals looking to get back what they put into their life insurance policy.
Unlike a whole or universal life insurance policy a return of premium's cash value does not increase or fluctuate, it acts a simple return on money.
What's the catch? How can life insurance companies offer return of premium policies? The return of premium policies often have higher premiums than standard term life insurance policies. A return of premium policy is a good option for young healthy individuals who will outlive a 20 or 30 year policy.
As with some term life insurance policies a return of premium policy has the option to be converted into a permanent life insurance policy such as a whole or universal insurance policy. Restrictions may apply depending on age of the insured and the type of policy but it does seem to be a good option for young individuals looking to get back what they put into their life insurance policy.
DYNAMIC LIFE AND AUTO INSURANCE : Cheap Car Insurance Quotes Online Can Be Compare
Car insurances are quite tricky, if they have not been researched. Anyone who buys a car will have to do some research for these quotes before deciding which one to buy. Cheap car insurances quotes online will save the users a lot of time, and they may benefit from these online quotes. They will be able to save a lot of money too, as they will get the best quotes without being biased.
Various benefits will be available too with the insurance quotes if they have been gotten for cheap. These will offer services to cover all the areas that are required. It can cover the situation, as long as the users have explored all the ways of buying the cheap insurance. The consumers will have to get coverage for those situations that will not be their fault, and must always ensure they get the right scheme.
Sometimes there will be extras included with certain schemes, and it will vary from company to company. Getting cheap car insurance quotes online will be very easy and also will save time. Rates can be compared easily with all the companies, and consumers need not go anywhere to get this done. Once these quotes are given, they may also compare the rates of other companies.
By doing so, they are likely to get all the best deals for the cheap car insurance quotes online. They save money, and will also get it done with hardly any effort. Consumers also need to be aware how exactly they need to make a claim with what they get. All trusted companies can be found through these quotes, and they will be experienced with the services.
Not only quality can be gotten, the best benefits will be available from these cheap car insurance quotes online options. The insurances can also be bought online, and this will be the easiest way for anyone.
Various benefits will be available too with the insurance quotes if they have been gotten for cheap. These will offer services to cover all the areas that are required. It can cover the situation, as long as the users have explored all the ways of buying the cheap insurance. The consumers will have to get coverage for those situations that will not be their fault, and must always ensure they get the right scheme.
Sometimes there will be extras included with certain schemes, and it will vary from company to company. Getting cheap car insurance quotes online will be very easy and also will save time. Rates can be compared easily with all the companies, and consumers need not go anywhere to get this done. Once these quotes are given, they may also compare the rates of other companies.
By doing so, they are likely to get all the best deals for the cheap car insurance quotes online. They save money, and will also get it done with hardly any effort. Consumers also need to be aware how exactly they need to make a claim with what they get. All trusted companies can be found through these quotes, and they will be experienced with the services.
Not only quality can be gotten, the best benefits will be available from these cheap car insurance quotes online options. The insurances can also be bought online, and this will be the easiest way for anyone.
DYNAMIC LIFE AND AUTO INSURANCE : Should you buy a life insurance policy to pay off your home?
A mortgage loan is a huge expense. Mortgages, Cars and Education are likely the largest expenses one has through out their lifetime. It's important that you take responsibility for your expenses and not burden your family members with expensive Mortgage loans.
So how much life insurance should you buy to cover your mortgage payment? It's a good idea to purchase a life insurance policy with enough benefit to cover the payoff of your home. Be sure to add all your outstanding debts or expenses plus your Mortgage loan to get the full amount of your life insurance policy.
Here is a Life Insurance Calculator.
The Life Insurance Calculator assumes you have passed and have immediate family to support. In this instance, you will want to calculate your monthly Mortgage loan into the equation. If you pass away and you don't have immediate family living with you then you can assume the home will be sold. In this instance, it is important to have enough life insurance to cove your Mortgage payoff. This way your loved ones can take care of all your other expenses and not worry about your largest expense. They can work on selling your property at a later date.
So how much life insurance should you buy to cover your mortgage payment? It's a good idea to purchase a life insurance policy with enough benefit to cover the payoff of your home. Be sure to add all your outstanding debts or expenses plus your Mortgage loan to get the full amount of your life insurance policy.
Here is a Life Insurance Calculator.
The Life Insurance Calculator assumes you have passed and have immediate family to support. In this instance, you will want to calculate your monthly Mortgage loan into the equation. If you pass away and you don't have immediate family living with you then you can assume the home will be sold. In this instance, it is important to have enough life insurance to cove your Mortgage payoff. This way your loved ones can take care of all your other expenses and not worry about your largest expense. They can work on selling your property at a later date.
DYNAMIC LIFE AND AUTO INSURANCE : Cheap Car Insurance
You can get a better price if you shop around for cheap car insurance. You could actually save hundreds of dollars so it is worth the time and effort. You goal is to reduce your premiums and get cheap car insurance and the best deal.
Consider More than Cost
Cost is important but it should not be your only consideration. You should choose a company that has good customer service and are financially stable. Even if you are looking for the cheapest car insurance, it is important to buy from a licensed insurance agent. Your state insurance department can give you this information.
Policyholders of licensed companies have protection in case they go bankrupt. If you have insurance from an unlicensed company that goes bankrupt, you will have no protection, and your claims might not be paid. Before you buy insurance, get price quotes from several companies and compare the rates and coverage.
Where to Find Cheap Car Insurance
In addition to using our service to find cheap car insurance, you can find rate guides that can help you find cheap car insurance. The guides have a list so you can compare premiums ; you can get information about the complaint record of the company by visiting the Consumer Information Source on the website of the National Association of Insurance Commissioners.
Independent agents usually represent several companies and can give you several quotes, so you should tell them you are looking for cheap coverage. Think about the coverage you want and need. If you have valuable car stereo equipment, you may need to add coverage for that, but your premiums will be higher.
Ways to Lower Your Premiums
Your policy probably will have a deductible (the amount you have to pay out of pocket on your claim before the insurance company pays.) The higher your deductible is, the lower your premium. You can do more to get the cheap auto insurance you want by choosing the highest deductible you can afford.
Insurance companies may offer cheap car insurance policy discounts that will lower your premium. Ask your agent what discounts and payment plans the company offers. Never cancel your existing policy until you get a new policy or at least written binder. A binder is an agreement that proves you have coverage until the company issues your policy, which you will receive in the mail.
Consider More than Cost
Cost is important but it should not be your only consideration. You should choose a company that has good customer service and are financially stable. Even if you are looking for the cheapest car insurance, it is important to buy from a licensed insurance agent. Your state insurance department can give you this information.
Policyholders of licensed companies have protection in case they go bankrupt. If you have insurance from an unlicensed company that goes bankrupt, you will have no protection, and your claims might not be paid. Before you buy insurance, get price quotes from several companies and compare the rates and coverage.
Where to Find Cheap Car Insurance
In addition to using our service to find cheap car insurance, you can find rate guides that can help you find cheap car insurance. The guides have a list so you can compare premiums ; you can get information about the complaint record of the company by visiting the Consumer Information Source on the website of the National Association of Insurance Commissioners.
Independent agents usually represent several companies and can give you several quotes, so you should tell them you are looking for cheap coverage. Think about the coverage you want and need. If you have valuable car stereo equipment, you may need to add coverage for that, but your premiums will be higher.
Ways to Lower Your Premiums
Your policy probably will have a deductible (the amount you have to pay out of pocket on your claim before the insurance company pays.) The higher your deductible is, the lower your premium. You can do more to get the cheap auto insurance you want by choosing the highest deductible you can afford.
Insurance companies may offer cheap car insurance policy discounts that will lower your premium. Ask your agent what discounts and payment plans the company offers. Never cancel your existing policy until you get a new policy or at least written binder. A binder is an agreement that proves you have coverage until the company issues your policy, which you will receive in the mail.
DYNAMIC LIFE AND AUTO INSURANCE : What is No Exam life insurance?
A lot of people are talking about the new buzz which is no exam or guaranteed issue life insurance. No exam or guaranteed issue life insurance is a fairly new product in which an individual may purchase life insurance online with a credit card and receive coverage without having the annoying blood and urine tests done.
Get your free No Exam Life Insurance quote.
What does this mean? It means that almost anyone can purchase life insurance today and receive coverage the same day. Some people have problems scheduling time for testing and some people simply don't do needles very well. The convenience of being able to purchase insurance online and receive your policy in your inbox is very attractive.
There are some drawbacks and no exam life insurance isn't for everyone. No exam life insurance usually is limited to a certain death benefit. Most companies I have seen that offer no exam insurance have a maximum of $150,000 in coverage. It's necessary for a life insurance company to set a maximum to cover potential losses. The chance of an insurance company receiving a claim for no exam life insurance is much greater than standard Term or Whole life insurance policies because they make those individuals take medical exams and they only insure the healthy ones or they have such a high premium it's still profitable for the life insurance company.
Another drawback is the policy premium. Since the risk is greater for the life insurance company the premiums for no exame life insurance tend to be higher. To some, the higher premium and lower death benefit are good deals compared to going through a full medical exam.
Get your free No Exam Life Insurance quote.
What does this mean? It means that almost anyone can purchase life insurance today and receive coverage the same day. Some people have problems scheduling time for testing and some people simply don't do needles very well. The convenience of being able to purchase insurance online and receive your policy in your inbox is very attractive.
There are some drawbacks and no exam life insurance isn't for everyone. No exam life insurance usually is limited to a certain death benefit. Most companies I have seen that offer no exam insurance have a maximum of $150,000 in coverage. It's necessary for a life insurance company to set a maximum to cover potential losses. The chance of an insurance company receiving a claim for no exam life insurance is much greater than standard Term or Whole life insurance policies because they make those individuals take medical exams and they only insure the healthy ones or they have such a high premium it's still profitable for the life insurance company.
Another drawback is the policy premium. Since the risk is greater for the life insurance company the premiums for no exame life insurance tend to be higher. To some, the higher premium and lower death benefit are good deals compared to going through a full medical exam.
DYNAMIC LIFE AND AUTO INSURANCE : Cell Phones and Auto Insurance
Got a call you just have to make on your cell phone while driving your car? Better be sure that your liability insurance and collision coverage are in good shape with your insurer. And, if you're the parent of a newly driving teenager who is also armed with his or her own cell phone, you need to be especially sure that your car insurance for a young driver is up to date because the chances are very high that you'll need it for the inevitable fender-bender, which can also mean good-bye to affordable car insurance.
Talking on the cell phone while driving has created a new "unsafe at any speed" situation on the modern highway. A study by the Insurance Institute for Highway Safety, based in Australia, confirms this with their findings that drivers distracted by yapping on their cell phones while driving are four times more likely to become involved in accidents. Not only does cell phone usage cut down on a driver's ability to hear what's going on around him (such as sirens, car horns, people, etc.), it also takes a driver's attention away from the road.
Add to that statistic the findings of another study by the University of North Carolina, the University of Utah, the University of Illinois at Urbana-Champaign, and the University of Rhode Island that show a person's driving skills while simultaneously talking on a cell phone equate driving while under the influence of alcohol, and you have some pretty significant reasons to be nervous when out on the road. Furthermore, researchers at the University of North Carolina discovered that drivers talking on their cell phones are twice as likely to rear-end the car in front of them as drivers who aren't using phones. However, researchers at the University of Illinois at Urbana-Champaign proved that conversations among occupants in a car produce no similar distraction.
Unfortunately, there doesn't seem to be a single solution to the prevalent "driving while on the phone" problem. Studies show that banning hand-held phones and opting for hands-free mobile phone technologies, such as headsets or Bluetooth ear buds, do not necessarily improve driving safety.
The only real solution to this problem would be to simply turn cell phones off while driving so you won't be tempted to answer that phone call. But, human nature being what it is, this doesn't seem likely to happen on its own. A survey by Nationwide Mutual Insurance revealed that 73 percent of all drivers talk on their cell phones while driving. As a result, several states, including Virginia, Connecticut, New Jersey, New York and Utah, as well as the District of Columbia, have passed laws prohibiting the use of cell phones while driving. Similar laws in California and Washington will go into effect in 2008. Several more states have laws that ban or restrict young drivers from using their cell phones while driving, and in some places authorized personnel can even issue citations for a DWT: Driving While Texting
Talking on the cell phone while driving has created a new "unsafe at any speed" situation on the modern highway. A study by the Insurance Institute for Highway Safety, based in Australia, confirms this with their findings that drivers distracted by yapping on their cell phones while driving are four times more likely to become involved in accidents. Not only does cell phone usage cut down on a driver's ability to hear what's going on around him (such as sirens, car horns, people, etc.), it also takes a driver's attention away from the road.
Add to that statistic the findings of another study by the University of North Carolina, the University of Utah, the University of Illinois at Urbana-Champaign, and the University of Rhode Island that show a person's driving skills while simultaneously talking on a cell phone equate driving while under the influence of alcohol, and you have some pretty significant reasons to be nervous when out on the road. Furthermore, researchers at the University of North Carolina discovered that drivers talking on their cell phones are twice as likely to rear-end the car in front of them as drivers who aren't using phones. However, researchers at the University of Illinois at Urbana-Champaign proved that conversations among occupants in a car produce no similar distraction.
Unfortunately, there doesn't seem to be a single solution to the prevalent "driving while on the phone" problem. Studies show that banning hand-held phones and opting for hands-free mobile phone technologies, such as headsets or Bluetooth ear buds, do not necessarily improve driving safety.
The only real solution to this problem would be to simply turn cell phones off while driving so you won't be tempted to answer that phone call. But, human nature being what it is, this doesn't seem likely to happen on its own. A survey by Nationwide Mutual Insurance revealed that 73 percent of all drivers talk on their cell phones while driving. As a result, several states, including Virginia, Connecticut, New Jersey, New York and Utah, as well as the District of Columbia, have passed laws prohibiting the use of cell phones while driving. Similar laws in California and Washington will go into effect in 2008. Several more states have laws that ban or restrict young drivers from using their cell phones while driving, and in some places authorized personnel can even issue citations for a DWT: Driving While Texting
DYNAMIC LIFE AND AUTO INSURANCE :Reasons why you shouldn't cancel your life insurance policy
Maybe your very fortunate and no longer require life insurance. This can happen for many reasons but a common scenario is when an individual receives or earns a large amount of cash. Enough cash to easily cover all expenses your family may receive when you pass away. If you have millions of dollars in an interest baring account, a home thats paid for and very little other expenses perhaps you don't need life insurance. You should consult with your life insurance agent to see if this is feasible scenario but in certain instances it is.
So you no longer need your life insurance policy. Should you call your life insurance company and tell them to cancel your life insurance policy? Remember, this is the same life insurance policy you've paid $X in premiums every year for however many years. Essentially, it's as good as flushing money down the toilet at this point if you decide to just cancel the policy. Sure it protected you when you needed it but now that you don't need it why keep it?
There are a couple good reasons to keep your life insurance policy. As I mentioned above, you've already invested some money into it. Your family is already covered in the event you pass so why not make the beneficiary someone else? Perhaps leave your death benefit to your brother in law (the struggling actor) or someone else that could really use it. Another good option is to leave your life insurance benefit to a Charity. Personally, I love the Animal Shelters so I would consider leaving the death benefit to a local Animal Shelter. You may want to consult with your Accountant but I believe when the beneficiary is a Charity then your premium payments are tax deductible.
So even if you don't need the death benefit consider keeping your life insurance policy.
So you no longer need your life insurance policy. Should you call your life insurance company and tell them to cancel your life insurance policy? Remember, this is the same life insurance policy you've paid $X in premiums every year for however many years. Essentially, it's as good as flushing money down the toilet at this point if you decide to just cancel the policy. Sure it protected you when you needed it but now that you don't need it why keep it?
There are a couple good reasons to keep your life insurance policy. As I mentioned above, you've already invested some money into it. Your family is already covered in the event you pass so why not make the beneficiary someone else? Perhaps leave your death benefit to your brother in law (the struggling actor) or someone else that could really use it. Another good option is to leave your life insurance benefit to a Charity. Personally, I love the Animal Shelters so I would consider leaving the death benefit to a local Animal Shelter. You may want to consult with your Accountant but I believe when the beneficiary is a Charity then your premium payments are tax deductible.
So even if you don't need the death benefit consider keeping your life insurance policy.
DYNAMIC LIFE AND AUTO INSURANCE : Car Insurance-Make Your Car More Dependable
If you depend on your car, here’s how
to make it more dependable.
A car is probably one of the worst investments you’ll ever make. In terms of actual dollars returned, ownership is a helpless loss. Nevertheless, a car is a necessity in most of our lives, so we should work to keep our vehicles as healthy as possible. Like the doctor says: an ounce of prevention is worth a pound of cure. Take care of your car, and it will take care of you. And you’ll probably save yourself a few bucks along the way.
What you can do yourself:
Read your owner’s manual — This may seem obvious, but you’d be surprised at how few owners bother to learn what needs to be done to their car and at what regularity. Remember: you can learn it from your owner’s manual, or you can have your vehicle give you an expensive, unscheduled education.
Take care of your tires — Like the commercial says, you’ve got a lot riding on them. Most drivers tend to ignore tread and wear problems until it’s too late, that is, until the tires need to be replaced, or worse, blow out. Buy a pressure gauge and use it. Rotate your tires as recommended.
A quart a day (or as needed) keeps the tow truck away
If there were only One Commandment in the world of Auto Maintenance, it would be to change your oil frequently. You can’t hurt your engine by doing it too much. Every 3, 000 miles, along with a new filter is ideal. Alas, this once easy-to-perform task has been rendered nearly impossible for the do-it-yourselfer due to the configuration of newer engines. However, there are plenty of inexpensive oil change places that will also perform a great deal of the regular checks your car needs.
When you need professional help
Find yourself a mechanic who you can trust and who knows your vehicle. Ask around. Check the Better Business Bureau. And if you don’t understand why you are being charged $473.29 to eliminate that little noise, make the mechanic or service manager explain it to you. If they don’t have time for you, go elsewhere. And be sure to see if they warrantee their service.
The Web — more useful than a monkey wrench
Another source of additional savings can be found on the Internet. There are many good sites that compare auto insurance rates. Others give unbiased information on car maintenance. Some even have mechanic finders, which recommend garages in your zip code based on what others have found.
From Carburetors to Computer Chips
Time was you could pop the hood of a car and have an inkling what was going on in there. That’s far from true now, but between your vigilance and good mechanic’s service, ol’ Betsy (or Lexie) should take you from point A to point B for many years. That being said, it’s easier to do when working with a better product.
LABEL : AUTO, INSURANCE, CAR, RATE
to make it more dependable.
A car is probably one of the worst investments you’ll ever make. In terms of actual dollars returned, ownership is a helpless loss. Nevertheless, a car is a necessity in most of our lives, so we should work to keep our vehicles as healthy as possible. Like the doctor says: an ounce of prevention is worth a pound of cure. Take care of your car, and it will take care of you. And you’ll probably save yourself a few bucks along the way.
What you can do yourself:
Read your owner’s manual — This may seem obvious, but you’d be surprised at how few owners bother to learn what needs to be done to their car and at what regularity. Remember: you can learn it from your owner’s manual, or you can have your vehicle give you an expensive, unscheduled education.
Take care of your tires — Like the commercial says, you’ve got a lot riding on them. Most drivers tend to ignore tread and wear problems until it’s too late, that is, until the tires need to be replaced, or worse, blow out. Buy a pressure gauge and use it. Rotate your tires as recommended.
A quart a day (or as needed) keeps the tow truck away
If there were only One Commandment in the world of Auto Maintenance, it would be to change your oil frequently. You can’t hurt your engine by doing it too much. Every 3, 000 miles, along with a new filter is ideal. Alas, this once easy-to-perform task has been rendered nearly impossible for the do-it-yourselfer due to the configuration of newer engines. However, there are plenty of inexpensive oil change places that will also perform a great deal of the regular checks your car needs.
When you need professional help
Find yourself a mechanic who you can trust and who knows your vehicle. Ask around. Check the Better Business Bureau. And if you don’t understand why you are being charged $473.29 to eliminate that little noise, make the mechanic or service manager explain it to you. If they don’t have time for you, go elsewhere. And be sure to see if they warrantee their service.
The Web — more useful than a monkey wrench
Another source of additional savings can be found on the Internet. There are many good sites that compare auto insurance rates. Others give unbiased information on car maintenance. Some even have mechanic finders, which recommend garages in your zip code based on what others have found.
From Carburetors to Computer Chips
Time was you could pop the hood of a car and have an inkling what was going on in there. That’s far from true now, but between your vigilance and good mechanic’s service, ol’ Betsy (or Lexie) should take you from point A to point B for many years. That being said, it’s easier to do when working with a better product.
LABEL : AUTO, INSURANCE, CAR, RATE
DYNAMIC LIFE AND AUTO INSURANCE : Keep your Life Insurance Policy Current!
There are many reasons why a Life Insurance policy lapses. The two most common reason an individual let's a Life Insurance Policy lapse is because they forgot to renew it or they don't think they can afford the insurance premium.
Allowing a Life Insurance Policy to lapse is a very bad thing. You may think you can simply call your life insurance company and reinstate your policy some time after it lapses similar to a cable, cell phone or electricity bill but the fact is you can't. If you allow your Life Insuracne policy to lapse it is very likely you will need to apply for a new policy. This can be very costly as you may have had a term life insurance policy locked in 10 years ago when you were young and healthy. There is no doubt your premium will now go up even with the same death benefit but how much the premium goes up depends on how well your health is. If your health isn't as good or you've taken up smoking or any change in your health will cause an increase in your life insurance premium.
Lets examine the most common reasons a Life Insurance policy lapses. Don't forget to renew it! Most life insurance companies have made it very easy to ensure you never forget to renew it. By implementing automatic withdrawal from your bank account you never have to write a check or mail a payment again. Your premium is deducted from your checking or savings account when the premium's due. The 2nd most common reason individuals allow life insurance policies to lapse is because they claim they can't afford it. This is a bad excuse as you can't afford not to have life insurance. When you die you will have expenses and you should be responsible to cover these expenses. There are ways to make a life insurance policy more affordable. The most common way is to adjust the frequency of your payments. Inquire about yearly, semi or quarterly payments as most life insurance companies will give you a discount for these payment types. Inquire with your insurance company about possibly lowering the death benefit. The most important thing to do is ask your company what options are availble but do not let your life insurance policy lapse.
Allowing a Life Insurance Policy to lapse is a very bad thing. You may think you can simply call your life insurance company and reinstate your policy some time after it lapses similar to a cable, cell phone or electricity bill but the fact is you can't. If you allow your Life Insuracne policy to lapse it is very likely you will need to apply for a new policy. This can be very costly as you may have had a term life insurance policy locked in 10 years ago when you were young and healthy. There is no doubt your premium will now go up even with the same death benefit but how much the premium goes up depends on how well your health is. If your health isn't as good or you've taken up smoking or any change in your health will cause an increase in your life insurance premium.
Lets examine the most common reasons a Life Insurance policy lapses. Don't forget to renew it! Most life insurance companies have made it very easy to ensure you never forget to renew it. By implementing automatic withdrawal from your bank account you never have to write a check or mail a payment again. Your premium is deducted from your checking or savings account when the premium's due. The 2nd most common reason individuals allow life insurance policies to lapse is because they claim they can't afford it. This is a bad excuse as you can't afford not to have life insurance. When you die you will have expenses and you should be responsible to cover these expenses. There are ways to make a life insurance policy more affordable. The most common way is to adjust the frequency of your payments. Inquire about yearly, semi or quarterly payments as most life insurance companies will give you a discount for these payment types. Inquire with your insurance company about possibly lowering the death benefit. The most important thing to do is ask your company what options are availble but do not let your life insurance policy lapse.
DYNAMIC LIFE AND AUTO INSURANCE : Car Insurance Discounts Made Easy
Automobile owner you have to get car insurance. However, getting car insurance isn't exactly cheap; it’s downright expensive. Still we are all looking for a cheap car insurance policy.
What is the best way to find cheap car insurance? Do your homework, research car insurance companies online, compare different insurance carriers and policies. Make sure to get the coverage you need, it may cost more, but will save you in the long run.
There are many ways to insure that the automotive policy you do get has been given all the discounts that are available to you.
Obey The Law
Car insurance companies can give you discounts for a number of reasons. One thing that you have to remember is that being a law-abiding citizen really does pay off. If you have a clean driving record where tickets and accidents for the last three to five years are concerned, you may be eligible for a discount.
Safety Devices
Being cautious also pays off. If your car has an air bag installed, an alarm, etched windows or other safety devices, then the car insurance company should give you a discount.
Loyalty Discount
Being loyal also pays off. Insurance companies usually offer a diverse selection of insurance policies. A single company might offer a lot of types of insurance like car insurance, house insurance and health insurance. If you use more than one of a company’s services, say car insurance and house insurance, you might just get a discount on one of the two or if you're really lucky, both. The same goes with owning multiple cars and getting insurance from the same company.
Military and Student Discounts
Soldiers get discounts whenever they get shipped overseas. If the car would be in storage for a number of years, then you will get a discount for the whole duration. Some discounts for soldiers might even get as high as 25% annually.
Students who maintain a B or better average may be eligible for a auto insurance discount. Students who go away to college and leave their car home can also get a break on the cost of their car insurance.
Auto Education Classes
Some towns offer safe driving courses, and if you have taken a certified course you may be able to get a discount on your auto policy. Check with your insurance agent to find out.
Remember that there are a lot of ways to get discounts for your car insurance. All you have to do is to know exactly what these are. Ask your insurance agent about what policy discounts are available. Who knows how many you will be able to apply to your auto policy and you could save yourself some money.
What is the best way to find cheap car insurance? Do your homework, research car insurance companies online, compare different insurance carriers and policies. Make sure to get the coverage you need, it may cost more, but will save you in the long run.
There are many ways to insure that the automotive policy you do get has been given all the discounts that are available to you.
Obey The Law
Car insurance companies can give you discounts for a number of reasons. One thing that you have to remember is that being a law-abiding citizen really does pay off. If you have a clean driving record where tickets and accidents for the last three to five years are concerned, you may be eligible for a discount.
Safety Devices
Being cautious also pays off. If your car has an air bag installed, an alarm, etched windows or other safety devices, then the car insurance company should give you a discount.
Loyalty Discount
Being loyal also pays off. Insurance companies usually offer a diverse selection of insurance policies. A single company might offer a lot of types of insurance like car insurance, house insurance and health insurance. If you use more than one of a company’s services, say car insurance and house insurance, you might just get a discount on one of the two or if you're really lucky, both. The same goes with owning multiple cars and getting insurance from the same company.
Military and Student Discounts
Soldiers get discounts whenever they get shipped overseas. If the car would be in storage for a number of years, then you will get a discount for the whole duration. Some discounts for soldiers might even get as high as 25% annually.
Students who maintain a B or better average may be eligible for a auto insurance discount. Students who go away to college and leave their car home can also get a break on the cost of their car insurance.
Auto Education Classes
Some towns offer safe driving courses, and if you have taken a certified course you may be able to get a discount on your auto policy. Check with your insurance agent to find out.
Remember that there are a lot of ways to get discounts for your car insurance. All you have to do is to know exactly what these are. Ask your insurance agent about what policy discounts are available. Who knows how many you will be able to apply to your auto policy and you could save yourself some money.
DYNAMIC LIFE AND AUTO INSURANCE : Return of Premium Life Insurance
The Alternative to Collecting Death Benefits
We pay for health insurance in high hopes that we'll never need it. Insurance, by its definition, is something we hope not to collect on. And so after paying years and years of life insurance premiums, and being "lucky" for all those years, it's easy to feel like it was all just a big waste of money.
Return of Premium Life Insurance, eliminates this problem because you can collect money without dying. After paying 20 years of life insurance premiums, a person can receive the money they've invested back. Not just a portion of it (as with whole life insurance) but return of premium life insurance offers everything back - 100% of the premiums you've paid.
How Much does Return of Premium Life Insurance Cost?
The premiums for this kind of policy vary from state to state. They generally run between term life policies and whole life policies. Return of Premium Life Insurance has benefits from both of these. It has the affordability of term life and the cash building value of whole life. You can buy it for periods of anywhere from 3 – 30 years.
Most companies can give you an estimate within 24 hours. The cost for return of premium life insurance is based on age, physical conditions, and habits (tobacco use) of the applicant…much like any other kind of life insurance.
Who Needs Return of Premium Life Insurance?
If you want to protect your family, but don't want to throw away the cash necessary to insure your life, return of premium life insurance is perfect. Not only do you get your money back at the end of the policy's period, but you won't have to pay income taxes on that money.
Return of premium life insurance is ideal for someone young who anticipates a lot of change before retirement. Whether you're just starting a family or still single, it allows for changes in the future.
What Happens if I Want to Cancel My Return of Premium Life Insurance Early?
Even if you don't keep your return of premium life insurance for the full term, you can still get a portion of your premiums returned to you. The longer you keep it, the higher percentage you'll get back. Canceling early will give you a small percentage back, and not canceling at all will give you 100% back.
On the other hand, you might want to keep the insurance after the end of the policy's period. Most companies will offer a continuance term after the original one ends. And since you'll be receiving a large sum of cash, it might be a good idea to invest it directly into a whole life insurance policy. The whole life insurance policy will also have a cash value, but not quite the same kind as a return of premium life insurance policy. You'll be able to borrow money against this policy, without loosing the coverage.
Return of premium life insurance is the easiest way to insure yourself without losing money. It's one of the few ways to collect the benefits, without actually using it.
Talk to your Insurance Agent to ensure Return of Premium is right for you!
We pay for health insurance in high hopes that we'll never need it. Insurance, by its definition, is something we hope not to collect on. And so after paying years and years of life insurance premiums, and being "lucky" for all those years, it's easy to feel like it was all just a big waste of money.
Return of Premium Life Insurance, eliminates this problem because you can collect money without dying. After paying 20 years of life insurance premiums, a person can receive the money they've invested back. Not just a portion of it (as with whole life insurance) but return of premium life insurance offers everything back - 100% of the premiums you've paid.
How Much does Return of Premium Life Insurance Cost?
The premiums for this kind of policy vary from state to state. They generally run between term life policies and whole life policies. Return of Premium Life Insurance has benefits from both of these. It has the affordability of term life and the cash building value of whole life. You can buy it for periods of anywhere from 3 – 30 years.
Most companies can give you an estimate within 24 hours. The cost for return of premium life insurance is based on age, physical conditions, and habits (tobacco use) of the applicant…much like any other kind of life insurance.
Who Needs Return of Premium Life Insurance?
If you want to protect your family, but don't want to throw away the cash necessary to insure your life, return of premium life insurance is perfect. Not only do you get your money back at the end of the policy's period, but you won't have to pay income taxes on that money.
Return of premium life insurance is ideal for someone young who anticipates a lot of change before retirement. Whether you're just starting a family or still single, it allows for changes in the future.
What Happens if I Want to Cancel My Return of Premium Life Insurance Early?
Even if you don't keep your return of premium life insurance for the full term, you can still get a portion of your premiums returned to you. The longer you keep it, the higher percentage you'll get back. Canceling early will give you a small percentage back, and not canceling at all will give you 100% back.
On the other hand, you might want to keep the insurance after the end of the policy's period. Most companies will offer a continuance term after the original one ends. And since you'll be receiving a large sum of cash, it might be a good idea to invest it directly into a whole life insurance policy. The whole life insurance policy will also have a cash value, but not quite the same kind as a return of premium life insurance policy. You'll be able to borrow money against this policy, without loosing the coverage.
Return of premium life insurance is the easiest way to insure yourself without losing money. It's one of the few ways to collect the benefits, without actually using it.
Talk to your Insurance Agent to ensure Return of Premium is right for you!
DYNAMIC LIFE AND AUTO INSURANCE : CAR AND AUTO INSURANCE : Finding Cheaper Car Insurance from Top Rated Companies
Here’s how to find cheaper car insurance without having to compromise quality, coverage or the customer service of a carrier. Pinpoint the top company offering low rates, by making an instant side-by-side online comparison on the many important aspects such as price, financial strength and others, from over a dozen insurers.
Finding an affordable coverage provider offering great service was like finding a needle in haystack in the days before the Internet came along. Today the World Wide Web does wonders when it comes to conducting such daily tasks. Take finding reasonably priced top rated auto insurance for example. The old procedure was to take a day off and set aside a few hours to phone or drive around gathering quotes from a few top companies.
Today, the whole process has evolved. Shoppers can log into sites like Online Auto Insurance which offer the ability to answer a basic questionnaire in regards to vehicles, drivers and coverage to instantly get back quotations from over a dozen top companies such as GMAC, Infinity, Progressive and many more. Technology has come a long way. No more need to take a day off to shop for car insurance. Now it can be done during a few minutes such as a lunch break.
How does this help me find cheap rates from a top company?
By being able to compare the rates of all those companies at the same time, one can weed out the expensive insurers and narrow down a few to further look into other important details such as “coverage offered” and “financial strength”. A carrier can be considered in the “top” category if it is financially stable and is admitted to conduct business in your state. An admitted company gives policyholders an extra degree of protection in the even of the inability to pay out a claim because they are backed by a state fund which can step in in such event.
Finding an affordable coverage provider offering great service was like finding a needle in haystack in the days before the Internet came along. Today the World Wide Web does wonders when it comes to conducting such daily tasks. Take finding reasonably priced top rated auto insurance for example. The old procedure was to take a day off and set aside a few hours to phone or drive around gathering quotes from a few top companies.
Today, the whole process has evolved. Shoppers can log into sites like Online Auto Insurance which offer the ability to answer a basic questionnaire in regards to vehicles, drivers and coverage to instantly get back quotations from over a dozen top companies such as GMAC, Infinity, Progressive and many more. Technology has come a long way. No more need to take a day off to shop for car insurance. Now it can be done during a few minutes such as a lunch break.
How does this help me find cheap rates from a top company?
By being able to compare the rates of all those companies at the same time, one can weed out the expensive insurers and narrow down a few to further look into other important details such as “coverage offered” and “financial strength”. A carrier can be considered in the “top” category if it is financially stable and is admitted to conduct business in your state. An admitted company gives policyholders an extra degree of protection in the even of the inability to pay out a claim because they are backed by a state fund which can step in in such event.
DYNAMIC LIFE AND AUTO INSURANCE : The Benefits of Buying Term Life Insurance
Term life insurance is often regarded as whole life’s little brother – not quite as powerful and not quite as good. The truth is that term life insurance is often the best solution for a short term insurance need. It offers benefits that whole life may not under many circumstances. Among the advantages of buying term life insurance are the following:
Term life insurance is less expensive than whole life insurance.
Because whole life insurance is an investment vehicle, term life insurance premiums are much lower than the premiums that you’ll pay for whole life insurance. If your primary reason for buying life insurance is to provide for your family in the case of your death, then term life insurance is a far more affordable option than whole life insurance.
Term life insurance is temporary, making it ideal for time limited needs.
If you were to die tomorrow, what would your family need to survive financially? How would they replace your salary? If you die in thirty years, what financial obligations would your family be burdened with? Chances are that your family will need far less in the event of your death in thirty years than they would need if you die tomorrow. Term life allows you to buy the insurance that you need during the times that you need it most. You can take out a term life policy for ten or twenty years to ensure that your children’s education is paid for in the event you aren’t there to pay for it – and drop the coverage once it’s no longer needed. You can take out a term life insurance policy in the amount of your mortgage when you buy a house to ensure that the mortgage is paid off in the event of your death – and stop paying for it when you’ve finished paying off the mortgage. Term life is the ideal life insurance for those short term needs.
Term life insurance is less complex so you know just what you’re buying.
When you buy term life insurance, you know exactly what you’re getting. The face value of the policy and the term it is in force are right up front. You can choose from simple options for premium payments – either you pay level premiums throughout the life of the policy, or you pay a low premium at first that gradually increases as you grow older. There’s no guesswork and no fancy gimmicks and investment doubletalk. You’re paying for a single promise – if you die, the life insurance company will pay your beneficiary a certain amount of money.
To get the most out of term life insurance, consider the following tips:
Make sure that you have enough coverage. The general rule of thumb in deciding on a face value for your insurance – how much your family will get if you die – is two year’s salary, but term life is cheap enough that you can afford to buy a bit more to be sure your family’s need are covered.
If, on the other hand, you are purchasing the insurance for a particular need, then suit the coverage to the need. Take out enough insurance to cover your mortgage, or enough to pay your child’s college tuition.
Choose the term of your insurance coverage to suit your need. If you have thirty years left to pay on your mortgage, get thirty year term life to be sure that you’re covered until the mortgage is paid off. Likewise, if your intent is to be certain your child’s college tuition is paid, choose a term that will remain in force until they finish school.
Term life insurance is less expensive than whole life insurance.
Because whole life insurance is an investment vehicle, term life insurance premiums are much lower than the premiums that you’ll pay for whole life insurance. If your primary reason for buying life insurance is to provide for your family in the case of your death, then term life insurance is a far more affordable option than whole life insurance.
Term life insurance is temporary, making it ideal for time limited needs.
If you were to die tomorrow, what would your family need to survive financially? How would they replace your salary? If you die in thirty years, what financial obligations would your family be burdened with? Chances are that your family will need far less in the event of your death in thirty years than they would need if you die tomorrow. Term life allows you to buy the insurance that you need during the times that you need it most. You can take out a term life policy for ten or twenty years to ensure that your children’s education is paid for in the event you aren’t there to pay for it – and drop the coverage once it’s no longer needed. You can take out a term life insurance policy in the amount of your mortgage when you buy a house to ensure that the mortgage is paid off in the event of your death – and stop paying for it when you’ve finished paying off the mortgage. Term life is the ideal life insurance for those short term needs.
Term life insurance is less complex so you know just what you’re buying.
When you buy term life insurance, you know exactly what you’re getting. The face value of the policy and the term it is in force are right up front. You can choose from simple options for premium payments – either you pay level premiums throughout the life of the policy, or you pay a low premium at first that gradually increases as you grow older. There’s no guesswork and no fancy gimmicks and investment doubletalk. You’re paying for a single promise – if you die, the life insurance company will pay your beneficiary a certain amount of money.
To get the most out of term life insurance, consider the following tips:
Make sure that you have enough coverage. The general rule of thumb in deciding on a face value for your insurance – how much your family will get if you die – is two year’s salary, but term life is cheap enough that you can afford to buy a bit more to be sure your family’s need are covered.
If, on the other hand, you are purchasing the insurance for a particular need, then suit the coverage to the need. Take out enough insurance to cover your mortgage, or enough to pay your child’s college tuition.
Choose the term of your insurance coverage to suit your need. If you have thirty years left to pay on your mortgage, get thirty year term life to be sure that you’re covered until the mortgage is paid off. Likewise, if your intent is to be certain your child’s college tuition is paid, choose a term that will remain in force until they finish school.
DYNAMIC LIFE AND AUTO INSURANCE : Choosing a Car Insurance Company
These days, you can’t go five minutes while watching television without seeing the little lizard that is the mascot of you-know-who’s insurance company. On top of that, there are so many different types of insurance companies that it makes it nearly impossible to decide which is the best type of coverage for you. Everywhere you look you can see and hear about insurance companies: on the radio while driving down the road, during the commercial of your favorite show on Monday night, and even online, where each company is boasting that it has the lowest rates.
So, what do you do? How do you narrow it down? First, ask around. Start by questioning your friends or family members about where they go for insurance, how much the rates are, and how intensively the agent covers the important details. Make a list of the insurance company’s names and contact information and grab a notebook to keep your own records of the premiums and deductibles.
Next, go to where you can get coverage: an agent in your neighborhood an insurance company that is online and has an 800 number. Many people recommend going directly to an agent instead of dealing with a direct market company because they are more thorough in configuring what type of coverage is best for which person or family.
The bonus to getting car insurance through a direct market company is the convenience, which is quite possibly the reason it’s so popular. Many insurance companies offer free quotes for coverage that a person can get in a short phone call or by spending a few minutes on the Internet typing in important information. Coverage can often be purchased online, and some insurance companies provide rate quotes for a handful of other insurance providers at the same time to give clients more options and comparison.
To find an agent in your neighborhood, check the phone book’s yellow pages or ask your friends and neighbors about local agents with good reputations. Avoid insurance providers who ask you to buy unnecessary coverage. With an agent, you get to work one-one-one with a certified insurance consultant who will try to find the best possible coverage to suit your needs at your budget. Also with an agent, when you have a claim to file you are able to deal directly with your agent about that claim. Basically, if there are any problems that develop, you have a person to go to instead of just calling a 1-800 number or logging onto a website.
To save money when buying car insurance, make sure to shop around and get as many insurance quotes as you can from as many different providers as possible. Second, get the highest deductible that you feel comfortable with, because the higher the deductible, the lower your premium and monthly payments will be. Many insurance companies offer multicar discounts, better rates for good drivers, and discounts for safety features like air bags, so that’s something else to keep in mind.
So, what do you do? How do you narrow it down? First, ask around. Start by questioning your friends or family members about where they go for insurance, how much the rates are, and how intensively the agent covers the important details. Make a list of the insurance company’s names and contact information and grab a notebook to keep your own records of the premiums and deductibles.
Next, go to where you can get coverage: an agent in your neighborhood an insurance company that is online and has an 800 number. Many people recommend going directly to an agent instead of dealing with a direct market company because they are more thorough in configuring what type of coverage is best for which person or family.
The bonus to getting car insurance through a direct market company is the convenience, which is quite possibly the reason it’s so popular. Many insurance companies offer free quotes for coverage that a person can get in a short phone call or by spending a few minutes on the Internet typing in important information. Coverage can often be purchased online, and some insurance companies provide rate quotes for a handful of other insurance providers at the same time to give clients more options and comparison.
To find an agent in your neighborhood, check the phone book’s yellow pages or ask your friends and neighbors about local agents with good reputations. Avoid insurance providers who ask you to buy unnecessary coverage. With an agent, you get to work one-one-one with a certified insurance consultant who will try to find the best possible coverage to suit your needs at your budget. Also with an agent, when you have a claim to file you are able to deal directly with your agent about that claim. Basically, if there are any problems that develop, you have a person to go to instead of just calling a 1-800 number or logging onto a website.
To save money when buying car insurance, make sure to shop around and get as many insurance quotes as you can from as many different providers as possible. Second, get the highest deductible that you feel comfortable with, because the higher the deductible, the lower your premium and monthly payments will be. Many insurance companies offer multicar discounts, better rates for good drivers, and discounts for safety features like air bags, so that’s something else to keep in mind.
DYNAMIC LIFE AND AUTO INSURANCE : Life Insurance-Can I Insure my Spouse?
The short answer to this question would be: yes, you can insure your spouse. You cannot, however, do so without his or her knowledge. The reason for this is that you will have to each have a physical meeting with a representative who will likely assess your lifestyles and give you a quick physical exam of some kind. You can do this at your own home or elsewhere depending on the company, but you do have to have some sort of proof of heath before a company will insure you or your spouse.
Why should I make sure that my spouse is insured?
If you are the sole source of income for your family, and your spouse is home during the day taking care of household chores or watching the children, then you may think that losing him or her would not put a financial drain on your family (no matter how terrible it might be), however you could be very wrong. A housekeeper can be quite expensive, and if you do not currently perform the cleaning duties yourself, then you might not realize how much time and effort are involved in the process. If your spouse takes care of your children, then you will have to finance some sort of child care for them during the day while you are at work. Even an unemployed spouse can make a great deal of contributions that are expensive to replace once he or she is gone.
If your spouse is the worker of the family, then the reason for insuring him or her should be quite evident. You will have to deal with raising your kids or finding a job or even both if your spouse should pass away, and you may have additional expenses like a mortgage to take care of as well. It is most unwise not to have a good sized term life insurance policy out at the very least to ensure that the surviving spouse can maintain the lifestyle that you enjoyed together before the tragedy.
What do I need to know?
You will have to have information on your spouse such as social security, birthdates, and medical history, both that of your spouse and of his or her family. The best way to make sure that your information is perfectly correct is to simply go through the paperwork together, of course. If that is not possible, make sure that you know the basics and be able to contact him or her if you have any questions. You may need to take the paperwork home with you or make note of questions to call and have your agent fill the blanks in later otherwise.
Life insurance is an important part of a married couple’s future together, and although we all hope never to have to use it, it is important to be prepared so that you and your spouse both get the coverage that you need and the protection that will keep you comfortable through a very hard time should something happen.
Why should I make sure that my spouse is insured?
If you are the sole source of income for your family, and your spouse is home during the day taking care of household chores or watching the children, then you may think that losing him or her would not put a financial drain on your family (no matter how terrible it might be), however you could be very wrong. A housekeeper can be quite expensive, and if you do not currently perform the cleaning duties yourself, then you might not realize how much time and effort are involved in the process. If your spouse takes care of your children, then you will have to finance some sort of child care for them during the day while you are at work. Even an unemployed spouse can make a great deal of contributions that are expensive to replace once he or she is gone.
If your spouse is the worker of the family, then the reason for insuring him or her should be quite evident. You will have to deal with raising your kids or finding a job or even both if your spouse should pass away, and you may have additional expenses like a mortgage to take care of as well. It is most unwise not to have a good sized term life insurance policy out at the very least to ensure that the surviving spouse can maintain the lifestyle that you enjoyed together before the tragedy.
What do I need to know?
You will have to have information on your spouse such as social security, birthdates, and medical history, both that of your spouse and of his or her family. The best way to make sure that your information is perfectly correct is to simply go through the paperwork together, of course. If that is not possible, make sure that you know the basics and be able to contact him or her if you have any questions. You may need to take the paperwork home with you or make note of questions to call and have your agent fill the blanks in later otherwise.
Life insurance is an important part of a married couple’s future together, and although we all hope never to have to use it, it is important to be prepared so that you and your spouse both get the coverage that you need and the protection that will keep you comfortable through a very hard time should something happen.
DYNAMIC LIFE AND AUTO INSURANCE : Auto Insurance-The Difference Between Cancellation and Nonrenewal
There are two ways to end coverage by a current car insurance company: cancellation and nonrenewal. The first takes place when the auto insurance that had been providing coverage decides not to sell insurance to you anymore, and the second usually occurs when the policyholder neglects to pay the auto insurance company a premium. Though neither are looked upon highly by auto insurance providers, cancellation generally makes it more difficult to get car insurance than a nonrenewal does.
Nonrenewal means that the current insurance policy elected not to renew the insurance policy when it came time to being due again. Most often, this happens because the person covered on the policy makes too many claims during the time they were insured, such as driving under the influence, too many at-fault accidents, or too many tickets during the last three to five years. In the event of nonrenewal, the insurance company terminates the contract with the policyholder and, depending on the location, the driver of the car would have to find comparative auto insurance. The insurer is required to send a notice of nonrenewal – usually thirty days – with the reason to drop your policy.
If you don't pay your car insurance premium on time, the auto insurance company has the option to terminate or cancel the policy. Your policy can also be canceled for misrepresenting information insurance companies find necessary about your risk level as a driver or losing your driver's license due to driving while intoxicated or with an expired, revoked or suspended license. Some insurance companies may cancel your policy at any time, given that they provide the amount of notice required by law, just because you are found to be a nondesirable driver.
Most states will mail out a letter telling the policyholder that they neglected to pay last month's bill and give a certain amount of time, like ten days, to send in the proper amount of cash before cancellation takes place. After the insurance company receives the payment, if it is prior to the cancellation date, most will send letters of reinstatement. In most cases, you will be required to pay the premium plus a late fee and an additional amount to cover any gaps between insurance coverage.
Some states will not reinstate policyholders if they are more than one day late with payment, even if payment was mailed. Each state has different laws which apply to drivers that don't pay their premium on their car insurance policy, but it is universal that once your car insurance policy has been canceled, it is really difficult to find car insurance coverage elsewhere.
Most auto insurance companies will raise the price of the monthly premium if the driver it is providing coverage for cannot keep their vehicle insured. Some providers may require high-risk policyholders to pay for an entire year's worth of insurance up front if there is a cancellation on your record. You may also have to pay a higher amount for years because you let your coverage slip a little bit. The one universal car insurance law: the higher risk the driver, the higher cost for the auto insurance.
Nonrenewal means that the current insurance policy elected not to renew the insurance policy when it came time to being due again. Most often, this happens because the person covered on the policy makes too many claims during the time they were insured, such as driving under the influence, too many at-fault accidents, or too many tickets during the last three to five years. In the event of nonrenewal, the insurance company terminates the contract with the policyholder and, depending on the location, the driver of the car would have to find comparative auto insurance. The insurer is required to send a notice of nonrenewal – usually thirty days – with the reason to drop your policy.
If you don't pay your car insurance premium on time, the auto insurance company has the option to terminate or cancel the policy. Your policy can also be canceled for misrepresenting information insurance companies find necessary about your risk level as a driver or losing your driver's license due to driving while intoxicated or with an expired, revoked or suspended license. Some insurance companies may cancel your policy at any time, given that they provide the amount of notice required by law, just because you are found to be a nondesirable driver.
Most states will mail out a letter telling the policyholder that they neglected to pay last month's bill and give a certain amount of time, like ten days, to send in the proper amount of cash before cancellation takes place. After the insurance company receives the payment, if it is prior to the cancellation date, most will send letters of reinstatement. In most cases, you will be required to pay the premium plus a late fee and an additional amount to cover any gaps between insurance coverage.
Some states will not reinstate policyholders if they are more than one day late with payment, even if payment was mailed. Each state has different laws which apply to drivers that don't pay their premium on their car insurance policy, but it is universal that once your car insurance policy has been canceled, it is really difficult to find car insurance coverage elsewhere.
Most auto insurance companies will raise the price of the monthly premium if the driver it is providing coverage for cannot keep their vehicle insured. Some providers may require high-risk policyholders to pay for an entire year's worth of insurance up front if there is a cancellation on your record. You may also have to pay a higher amount for years because you let your coverage slip a little bit. The one universal car insurance law: the higher risk the driver, the higher cost for the auto insurance.
DYNAMIC LIFE AND AUTO INSURANCE : Getting Life Insurance with a History of Medical Problems
Life insurance is an important policy to have but if you’ve had medical problems or are taking prescription drugs, you might find it much more difficult to find an insurance policy. When you do find one, you may be surprised to find the premium rates are much higher of “healthy” life insurance policies. It doesn’t have to be this way. Getting life insurance with a history of medical problems doesn’t have to cost an arm and a leg, and doesn’t have to be a hassle.
Mental and Emotional Issues
Tell a life insurer that you’ve taken Zoloft, Prozac or another anti-depressant or anti-anxiety medication and you might be short-listed for the “Deny” stamp. To prevent eminent denial, ask your primary care physician to write a note that you have been completely released from care of depression and/or anxiety and that you are functioning well without medication.
If your depression and/or anxiety were brought on by a life event, like a death in the family or post-partum, it is important to note the significance, and briefness, of the illness and medication. It is not uncommon for insurers to ask for a copy of related medical records as proof. Don’t be afraid of this, insurance agents must evaluate the risk of reoccurrence of potentially life-threatening or life-altering illnesses.
Some long-term or more serious mental illnesses, like bipolar disorders or manic depression, won’t necessarily get your application denied, either. Again, documentation is key to being offered reasonable life insurance premium rates. Speak with your doctor and ask for assistance proving the effectiveness of your treatment and a statement that your disorder is well under control.
Major mental health disorders, especially those known to cause delusions and suicidal behaviors, may raise more red flags than minor mental or emotional disorders. It is not uncommon for life insurers to require at least two years after the last suicide attempt or lapse in treatment to approve the application. There may also be numerous clauses regarding suicide in the plan.
Physical Issues
If you’ve had heart or lung problems or have been diagnosed with a disease or disorder that can be terminal or contribute to a shortened life span, you might find it more difficult than “healthy” applicant to find life insurance. A health history, including results of any medical tests from the past decade, should be provided to the insurance company when you apply.
Some insurers will require a physical examination, especially in the case of an abnormal medical history. If you’d like to prove your case even further, you may opt to subject yourself to genetic testing or even gene therapy. Be aware, however, that even after taking all of these steps, the insurer may require a clause negating any coverage if you die from the preexisting or known condition.
Omission
You may be tempted to just leave out the truth of your conditions. Before you do, you should know that doing so could result in your policy being canceled without a refund of premiums paid.
Mental and Emotional Issues
Tell a life insurer that you’ve taken Zoloft, Prozac or another anti-depressant or anti-anxiety medication and you might be short-listed for the “Deny” stamp. To prevent eminent denial, ask your primary care physician to write a note that you have been completely released from care of depression and/or anxiety and that you are functioning well without medication.
If your depression and/or anxiety were brought on by a life event, like a death in the family or post-partum, it is important to note the significance, and briefness, of the illness and medication. It is not uncommon for insurers to ask for a copy of related medical records as proof. Don’t be afraid of this, insurance agents must evaluate the risk of reoccurrence of potentially life-threatening or life-altering illnesses.
Some long-term or more serious mental illnesses, like bipolar disorders or manic depression, won’t necessarily get your application denied, either. Again, documentation is key to being offered reasonable life insurance premium rates. Speak with your doctor and ask for assistance proving the effectiveness of your treatment and a statement that your disorder is well under control.
Major mental health disorders, especially those known to cause delusions and suicidal behaviors, may raise more red flags than minor mental or emotional disorders. It is not uncommon for life insurers to require at least two years after the last suicide attempt or lapse in treatment to approve the application. There may also be numerous clauses regarding suicide in the plan.
Physical Issues
If you’ve had heart or lung problems or have been diagnosed with a disease or disorder that can be terminal or contribute to a shortened life span, you might find it more difficult than “healthy” applicant to find life insurance. A health history, including results of any medical tests from the past decade, should be provided to the insurance company when you apply.
Some insurers will require a physical examination, especially in the case of an abnormal medical history. If you’d like to prove your case even further, you may opt to subject yourself to genetic testing or even gene therapy. Be aware, however, that even after taking all of these steps, the insurer may require a clause negating any coverage if you die from the preexisting or known condition.
Omission
You may be tempted to just leave out the truth of your conditions. Before you do, you should know that doing so could result in your policy being canceled without a refund of premiums paid.
DYNAMIC LIFE AND AUTO INSURANCE : Things You Want with California Low Cost Auto Insurance
You may be looking for the cheapest rate possible with your California low cost auto insurance. However, the money savings are not everything if the coverage is no good. Many of the things you may want to add to your policy include side of the road coverage, medical benefits, and injury protection for you. These are things many people don’t think about until they really need them and after it is too late. When you are looking for automobile insurance coverage you should always look at the different factors and the options you can add to the policy for coverage.
Side of the road service is something that many people absolutely cannot live without. This may raise a cheap auto policy up a couple of dollars each month but it gives people a safe feeling while they are driving. No one wants to get stuck on the side of the roads in California with a broken down vehicle. There is nothing more scarier, especially if you don’t have anyone you can call to come and get you or help you. You have to be able to rely on your insurance company to provide side of the road support and take care of you.
Medical benefits are something that you can add to an automobile policy that will take care of you if you are injured or you need to see a doctor for any reason. This is similar to a medical insurance policy but not quite. Some insurance companies will take care of you if you are injured for any reason on the job, at home, a friend’s house or anywhere and you are unable to work or you need money to pay for a surgery or the bill. Some companies pay up to $100,000 for medical benefits. This can help tremendously and it is a good idea if you do not have insurance.
Injury protection for you is not usually covered under a policy that is liability unless you get full coverage. However, some full coverage policies will not protect you if you are injured. They will only protect the person that you hit and your passengers. Be sure that if you are injured in an accident your insurance company is going to take care of you so you are not stuck with a big bill. Most people assume their insurance company covers them when they are injured and then find out after it is too late. Verify the company will provide medical payments for injuries that happen to you.
When you are looking for low cost California auto insurance it is very important that you look for many additional options to add to your policy. One of the best options you should consider is a side of the road service to add to your policy. If you do not have side of the road coverage at least consider buying a AAA policy on top of your car insurance. Always be sure you have medical benefits that can help you with any emergencies or accidents that may happen to you or your family members. Also, verify the policy takes care of injuries that happen to you if you are in an accident.
Side of the road service is something that many people absolutely cannot live without. This may raise a cheap auto policy up a couple of dollars each month but it gives people a safe feeling while they are driving. No one wants to get stuck on the side of the roads in California with a broken down vehicle. There is nothing more scarier, especially if you don’t have anyone you can call to come and get you or help you. You have to be able to rely on your insurance company to provide side of the road support and take care of you.
Medical benefits are something that you can add to an automobile policy that will take care of you if you are injured or you need to see a doctor for any reason. This is similar to a medical insurance policy but not quite. Some insurance companies will take care of you if you are injured for any reason on the job, at home, a friend’s house or anywhere and you are unable to work or you need money to pay for a surgery or the bill. Some companies pay up to $100,000 for medical benefits. This can help tremendously and it is a good idea if you do not have insurance.
Injury protection for you is not usually covered under a policy that is liability unless you get full coverage. However, some full coverage policies will not protect you if you are injured. They will only protect the person that you hit and your passengers. Be sure that if you are injured in an accident your insurance company is going to take care of you so you are not stuck with a big bill. Most people assume their insurance company covers them when they are injured and then find out after it is too late. Verify the company will provide medical payments for injuries that happen to you.
When you are looking for low cost California auto insurance it is very important that you look for many additional options to add to your policy. One of the best options you should consider is a side of the road service to add to your policy. If you do not have side of the road coverage at least consider buying a AAA policy on top of your car insurance. Always be sure you have medical benefits that can help you with any emergencies or accidents that may happen to you or your family members. Also, verify the policy takes care of injuries that happen to you if you are in an accident.
DYNAMIC LIFE AND AUTO INSURANCE : Is Term Life Insurance Right For You?
Term life insurance is protection that lasts for a specified amount of time, which is usually a time such as hen you retire, or when you children are out of the house. The life insurance industry is highly competitive and therefore you are able to find massive amounts of companies each offering several types of policies each.
A term life insurance policy is generally the cheapest type of life insurance which allows you to use your extra money for investment purposes. A term life insurance policy doesn’t have the ability to accumulate cash value. You are also forced to pay a higher premium with each renewal, basically as you get older. If you die during the period of the policy then your beneficiary will be paid the agreed amount.
The insurance policy will not offer any returns above the stated benefit and when the policy expires, you get nothing. This is likely the reason why term is so much cheaper than whole life insurance. Many term insurance policies give you the ability to renew at the same rate or for a slightly increased rate each year.
You should go with term life insurance if you are in need of extra coverage for a short period of time for whatever reason, if you are young are searching for lower life insurance premiums, if you are purchasing a home or car and the financial burden of the load will disappear over time.
With a term life insurance policy you much renew it before each term ends. It is wise to get all of the renewal information and provisions and read them for your own protection, as well as your family. Some common choices for renewal options are annual renewable where the premiums go up each year, a level term where the premium will stay the same for a specified amount of time such as 5,10, 15, or 20 years, as well as automatic renewable.
With a term life insurance policy there may also be a re-entry which requires a lower premium that an automatically renewable policy. You are able to renew with the same low rate that is offered to new customers but will be required to pass a physical examination. If they find that you have developed any new health problems then your premium might go up and end up costing more than an automatic renewable policy.
Some people think that they are too young and healthy to need life insurance, therefore they would be wasting their money. In fact the best time to buy life insurance is when you are young when prices are cheap because face it, everyone needs life insurance. Think about it, you will be protecting your family from the worst case scenario at the lowest possible prices that you can get for the rest of your life, take advantage!
When you are in the process of constructing a solid financial base then term life insurance is generally a wise investment considering the super low cost.
A term life insurance policy is generally the cheapest type of life insurance which allows you to use your extra money for investment purposes. A term life insurance policy doesn’t have the ability to accumulate cash value. You are also forced to pay a higher premium with each renewal, basically as you get older. If you die during the period of the policy then your beneficiary will be paid the agreed amount.
The insurance policy will not offer any returns above the stated benefit and when the policy expires, you get nothing. This is likely the reason why term is so much cheaper than whole life insurance. Many term insurance policies give you the ability to renew at the same rate or for a slightly increased rate each year.
You should go with term life insurance if you are in need of extra coverage for a short period of time for whatever reason, if you are young are searching for lower life insurance premiums, if you are purchasing a home or car and the financial burden of the load will disappear over time.
With a term life insurance policy you much renew it before each term ends. It is wise to get all of the renewal information and provisions and read them for your own protection, as well as your family. Some common choices for renewal options are annual renewable where the premiums go up each year, a level term where the premium will stay the same for a specified amount of time such as 5,10, 15, or 20 years, as well as automatic renewable.
With a term life insurance policy there may also be a re-entry which requires a lower premium that an automatically renewable policy. You are able to renew with the same low rate that is offered to new customers but will be required to pass a physical examination. If they find that you have developed any new health problems then your premium might go up and end up costing more than an automatic renewable policy.
Some people think that they are too young and healthy to need life insurance, therefore they would be wasting their money. In fact the best time to buy life insurance is when you are young when prices are cheap because face it, everyone needs life insurance. Think about it, you will be protecting your family from the worst case scenario at the lowest possible prices that you can get for the rest of your life, take advantage!
When you are in the process of constructing a solid financial base then term life insurance is generally a wise investment considering the super low cost.
DYNAMIC LIFE AND AUTO INSURANCE : How To Get Cheap Auto Insurance Quotes?
Almost all the 50 states in US have made it mandatory for the vehicles to get at least a basic auto insurance coverage. However, the final choice of getting either a basic cover or a comprehensive insurance cover (including the liabilities, medical injuries etc.) rests with the consumer.
People who get their vehicles financed must ensure that the final package comes with an auto insurance coverage. A comprehensive cover, though expensive, can take a lot of stress out of the modern day driving routines. If you are ready to and can afford that sort of expenditure, there are various ways in which you can obtain economical auto insurance quotes.
You must not act in haste while shopping for an auto insurance policy and must approach different companies to get the best deal for your vehicle. There are many who?ll offer you cheap insurance rates based on your driving habits and the condition of your vehicle and you must gather as many quotes as you can to do a comprehensive comparative analysis. The great surge in auto insurance providers in the market has made it possible for the consumers to pick out best options for their auto insurance needs.
A large number of auto insurance companies have set up virtual offices on internet, making it possible for everyone to get auto insurance quotes within minutes. This way one has direct control over the different parameters of auto insurance and can try their different combinations to see the effect on the overall coverage details immediately. For instance, you can increase your excess by $500 and see the effect on your monthly premiums instantly. This is a powerful tool that allows the customers to choose best- suited policies for their vehicles.
Before you venture out to obtain insurance quotes from other companies, you must first contact your existing insurance company and find out the options available with them. A lot of companies sell policies in the form of packages comprising of combined plans covering health, automobiles, homes etc. They usually give good discounts to their existing customers and offer attractive additional concessions if one buys multiple plans. In fact you can save up to 35%-40% of your insurance just by purchasing home and health insurance from the same company. You can also avail such offers on purchases of insurance policies for more than one vehicle.
In case you are in the good books of law enforcers and have rarely violated traffic rules, you stand a good chance to qualify for some of the most attractive auto insurance offers. Insurance companies will also offer you reduced rates if you have taken some sort of defensive driving or safe driving courses.
Another easy means to obtain cheap auto insurance quotes is by carefully selecting your vehicle and fitting it with high-quality security devices. You can easily get safety gadgets like alarms, hood locks, steering wheel locks and ignition kill switches installed from your nearest automobile equipments shop. Such devices are good deterrents for the prying eyes of anti social elements and will also earn you handsome discounts on your auto insurance premiums.
There are several cheap auto insurance options available in the market and multiple ways to obtain them. Follow these tips to make your task of getting the best auto insurance policy much easier.
People who get their vehicles financed must ensure that the final package comes with an auto insurance coverage. A comprehensive cover, though expensive, can take a lot of stress out of the modern day driving routines. If you are ready to and can afford that sort of expenditure, there are various ways in which you can obtain economical auto insurance quotes.
You must not act in haste while shopping for an auto insurance policy and must approach different companies to get the best deal for your vehicle. There are many who?ll offer you cheap insurance rates based on your driving habits and the condition of your vehicle and you must gather as many quotes as you can to do a comprehensive comparative analysis. The great surge in auto insurance providers in the market has made it possible for the consumers to pick out best options for their auto insurance needs.
A large number of auto insurance companies have set up virtual offices on internet, making it possible for everyone to get auto insurance quotes within minutes. This way one has direct control over the different parameters of auto insurance and can try their different combinations to see the effect on the overall coverage details immediately. For instance, you can increase your excess by $500 and see the effect on your monthly premiums instantly. This is a powerful tool that allows the customers to choose best- suited policies for their vehicles.
Before you venture out to obtain insurance quotes from other companies, you must first contact your existing insurance company and find out the options available with them. A lot of companies sell policies in the form of packages comprising of combined plans covering health, automobiles, homes etc. They usually give good discounts to their existing customers and offer attractive additional concessions if one buys multiple plans. In fact you can save up to 35%-40% of your insurance just by purchasing home and health insurance from the same company. You can also avail such offers on purchases of insurance policies for more than one vehicle.
In case you are in the good books of law enforcers and have rarely violated traffic rules, you stand a good chance to qualify for some of the most attractive auto insurance offers. Insurance companies will also offer you reduced rates if you have taken some sort of defensive driving or safe driving courses.
Another easy means to obtain cheap auto insurance quotes is by carefully selecting your vehicle and fitting it with high-quality security devices. You can easily get safety gadgets like alarms, hood locks, steering wheel locks and ignition kill switches installed from your nearest automobile equipments shop. Such devices are good deterrents for the prying eyes of anti social elements and will also earn you handsome discounts on your auto insurance premiums.
There are several cheap auto insurance options available in the market and multiple ways to obtain them. Follow these tips to make your task of getting the best auto insurance policy much easier.
DYNAMIC LIFE AND AUTO INSURANCE : How Term Life Insurance Can Save Your Small Business
You’ve invested a lot in your business – your money, your time, your enthusiasm. You probably have many different kinds of insurance to cover your business against different kinds of loss – fire insurance, theft insurance, insurance against damages, property insurance. One type of insurance that many small business owners don’t consider is term life insurance. Term life insurance taken out on key employees in your business can help your business get through difficult times by paying off in the case of death or permanent disability of one of your key employees.
The two most common uses for term life in small businesses is as an inexpensive form of partnership insurance, and to cover costs if one of your key employees should die or be unable to work due to permanent, catastrophic disability. In the first case, the company takes out a term life insurance policy for each partner, naming the company or the other partner as beneficiary.
If one of the partners should die during the term that the life insurance policy is in force, the death benefit is used to buy that partner’s share of the business from his or her heirs. This ensures that the remaining partners maintain control over the business rather than being forced to accept a new partner through inheritance. Term life used in this way can also help cover the financial losses that might be incurred because of the death of the owner of the business or one of its partners.
Term life insurance can also be used to insulate your family from business losses in case of your death. By taking out a term life policy on your life and naming the company as beneficiary, you can ensure that the company can meet its immediate financial obligations without placing that burden on your heirs and loved ones.
Insuring your key employees with a term life policy is another way to insulate your business from financial losses incurred by the loss of one of your key employees. If one of your key employees dies unexpectedly, your business faces the cost of replacing them, at the very least, and sometimes has to weather a few months without the income that that employee generates. By insuring them with an inexpensive term life policy and naming the company as beneficiary, you can ensure that the company will have the money they need to function in his or her absence, and undertake a job search to replace them.
The best way to determine how much insurance you need for each key employee is to figure out what it will cost the company to continue operations in the face of their death. Often, a good figure is half of the employee’s annual salary, which will cover the costs of a recruitment company and reimburse the company for anticipated losses while the position is unfilled.
Insuring yourself and your key employees makes sound financial sense. The premiums for term life insurance are generally low, and the policy is renewable for several terms. It’s a small investment for peace of mind.
The two most common uses for term life in small businesses is as an inexpensive form of partnership insurance, and to cover costs if one of your key employees should die or be unable to work due to permanent, catastrophic disability. In the first case, the company takes out a term life insurance policy for each partner, naming the company or the other partner as beneficiary.
If one of the partners should die during the term that the life insurance policy is in force, the death benefit is used to buy that partner’s share of the business from his or her heirs. This ensures that the remaining partners maintain control over the business rather than being forced to accept a new partner through inheritance. Term life used in this way can also help cover the financial losses that might be incurred because of the death of the owner of the business or one of its partners.
Term life insurance can also be used to insulate your family from business losses in case of your death. By taking out a term life policy on your life and naming the company as beneficiary, you can ensure that the company can meet its immediate financial obligations without placing that burden on your heirs and loved ones.
Insuring your key employees with a term life policy is another way to insulate your business from financial losses incurred by the loss of one of your key employees. If one of your key employees dies unexpectedly, your business faces the cost of replacing them, at the very least, and sometimes has to weather a few months without the income that that employee generates. By insuring them with an inexpensive term life policy and naming the company as beneficiary, you can ensure that the company will have the money they need to function in his or her absence, and undertake a job search to replace them.
The best way to determine how much insurance you need for each key employee is to figure out what it will cost the company to continue operations in the face of their death. Often, a good figure is half of the employee’s annual salary, which will cover the costs of a recruitment company and reimburse the company for anticipated losses while the position is unfilled.
Insuring yourself and your key employees makes sound financial sense. The premiums for term life insurance are generally low, and the policy is renewable for several terms. It’s a small investment for peace of mind.
DYNAMIC LIFE AND AUTO INSURANCE : Car Under Book Value
Cars are not a great investment. That is what my financier friend tells me all the time. Though it may just be an excuse for him having an old, grungy car there is some truth to it. New cars depreciate the moment you drive them off the lot. Nothing you can do to stop or change that. But if you are looking for a new vehicle there are ways to save money and buy a used car for under book value and at least make you feel like you have received a good investment for your money.
Auction, the word can scare some. In America we are not used to the type of bartering that is common place all over the world. One place where we can take part in a bartering system is at an auction. Instead of staying away from an auction you should learn to enjoy it and learn how to benefit from it. Vehicle auctions specifically are what I am talking about here.
Vehicle auctions take place nearly every week someplace. There are different rules associated with different auctions so before just showing up make sure you do not need certain credentials. Some auctions require you to have a dealer’s license and if you do not you might not even get in the door to look at what cars are even available.
Repossessed vehicles are a second kind of auction that you may find. There are government auctions, local city police and sheriff auctions that allow you to bid on repossessed vehicles.These are for the general public in most occasions.You may be able to find a car that is in good shape with few miles but that the owner was unable to pay their fines on so was taken. Others are taken for driving without a license and unable to come get their car. These cars are most likely in good running order. But always be sure to take a look at the vehicle you plan to bid on and not bid blindly.
Other kind of auctions includes cities, counties and schools that sell off vehicles they no longer need. These types of vehicles might have high mileage but because of being a fleet vehicle have been well maintained. These cars have had their scheduled tune ups and have been washed and kept looking good. The interior as well is usually in good condition since it was used for work purposes and not family or rough conditions.
So if you want a way to get a good investment for way under book value remember to try out auctions. Of course do not go into it blindly. Learn the auction lingo, know what book value is on the car you are interested in and stand firm on how much you want to bid up to. It is best to go to an auction or two to just watch and take in the action before bidding. Remember you are getting such a good deal because there is not a warranty or guarantee for the car in most instances. If you do your research before you go though you can come out of the auction with a nice used vehicle for an amazing deal.
Auction, the word can scare some. In America we are not used to the type of bartering that is common place all over the world. One place where we can take part in a bartering system is at an auction. Instead of staying away from an auction you should learn to enjoy it and learn how to benefit from it. Vehicle auctions specifically are what I am talking about here.
Vehicle auctions take place nearly every week someplace. There are different rules associated with different auctions so before just showing up make sure you do not need certain credentials. Some auctions require you to have a dealer’s license and if you do not you might not even get in the door to look at what cars are even available.
Repossessed vehicles are a second kind of auction that you may find. There are government auctions, local city police and sheriff auctions that allow you to bid on repossessed vehicles.These are for the general public in most occasions.You may be able to find a car that is in good shape with few miles but that the owner was unable to pay their fines on so was taken. Others are taken for driving without a license and unable to come get their car. These cars are most likely in good running order. But always be sure to take a look at the vehicle you plan to bid on and not bid blindly.
Other kind of auctions includes cities, counties and schools that sell off vehicles they no longer need. These types of vehicles might have high mileage but because of being a fleet vehicle have been well maintained. These cars have had their scheduled tune ups and have been washed and kept looking good. The interior as well is usually in good condition since it was used for work purposes and not family or rough conditions.
So if you want a way to get a good investment for way under book value remember to try out auctions. Of course do not go into it blindly. Learn the auction lingo, know what book value is on the car you are interested in and stand firm on how much you want to bid up to. It is best to go to an auction or two to just watch and take in the action before bidding. Remember you are getting such a good deal because there is not a warranty or guarantee for the car in most instances. If you do your research before you go though you can come out of the auction with a nice used vehicle for an amazing deal.
DYNAMIC LIFE AND AUTO INSURANCE : About Term Life Insurance
No one enjoys think about term life insurance policies and whether they need one or not considering you are buying a death benefit. It is similar to renting protection for the term of the policy, so if you were to die during the length of the policy your beneficiary will see a death benefit.
With a term life insurance your premiums are the same from the day you start your policy until the day it is expired or canceled. The majority of term life insurance policies are guaranteed to be renewable before the end of the term. It is wise for insurance companies to keep you informed considering they know you will need insurance for your entire life, so they want you to pay for your insurance as far ahead as possible.
The convertibility feature means that the term insurance policy can be exchanged for a different type of life insurance. This is usually valid at any time before the expiration of the policy. When you go with a convertible term life insurance policy you are staying in control and will be able to change to a permanent type of coverage at a later time without ever having to show proof that you are insurable.
It is common for someone to select a term life insurance policy when they need temporary protection such as mortgage protection, business bank loans, and trade account protection. Think of term life insurance as a permanent solution for a common temporary need, as well as a temporary solution for a permanent need.
It is simple to figure out how much coverage you need and how much it will cost you with a fast and free quote online. You payment options are as you wish with the option of buying and paying through the mail or through the telephone with a live agent assisting you. The most convenient way to buy and pay for your life term insurance is through reputable company’s website.
Make sure you get several quotes and compare the details closely before choosing a company. You will be paying on your term life insurance policy for as long as you decide to renew the terms, so you want to make sure you go with a company that is reliable and is offering you the best rates.
You may still be questioning if term life insurance is right for you and your specific needs that include you, your family, and your business. You may be surprised at what a professionally trained agent will be able to share with you that you can directly benefit from. They are in the business of helping people just like you but also keep in mind they do usually get a commission so make sure the terms and rates are competitive.
Unfortunately many people seem to think that term life insurance is a luxury or an unnecessary expense. It is hard to imagine that everyone wants to push the thought of death as far out of their mind as possible, yet alone having to pay a monthly premium insuring against your death. However if the time comes around you will rest a lot easier knowing that you protected your family against any financial burden you may have left behind.
With a term life insurance your premiums are the same from the day you start your policy until the day it is expired or canceled. The majority of term life insurance policies are guaranteed to be renewable before the end of the term. It is wise for insurance companies to keep you informed considering they know you will need insurance for your entire life, so they want you to pay for your insurance as far ahead as possible.
The convertibility feature means that the term insurance policy can be exchanged for a different type of life insurance. This is usually valid at any time before the expiration of the policy. When you go with a convertible term life insurance policy you are staying in control and will be able to change to a permanent type of coverage at a later time without ever having to show proof that you are insurable.
It is common for someone to select a term life insurance policy when they need temporary protection such as mortgage protection, business bank loans, and trade account protection. Think of term life insurance as a permanent solution for a common temporary need, as well as a temporary solution for a permanent need.
It is simple to figure out how much coverage you need and how much it will cost you with a fast and free quote online. You payment options are as you wish with the option of buying and paying through the mail or through the telephone with a live agent assisting you. The most convenient way to buy and pay for your life term insurance is through reputable company’s website.
Make sure you get several quotes and compare the details closely before choosing a company. You will be paying on your term life insurance policy for as long as you decide to renew the terms, so you want to make sure you go with a company that is reliable and is offering you the best rates.
You may still be questioning if term life insurance is right for you and your specific needs that include you, your family, and your business. You may be surprised at what a professionally trained agent will be able to share with you that you can directly benefit from. They are in the business of helping people just like you but also keep in mind they do usually get a commission so make sure the terms and rates are competitive.
Unfortunately many people seem to think that term life insurance is a luxury or an unnecessary expense. It is hard to imagine that everyone wants to push the thought of death as far out of their mind as possible, yet alone having to pay a monthly premium insuring against your death. However if the time comes around you will rest a lot easier knowing that you protected your family against any financial burden you may have left behind.
DYNAMIC LIFE AND AUTO INSURANCE : Bodily Injury and Property Damage on Auto Insurance
Understanding insurance can often be like trying to learn a foreign language. Many find it confusing and intimidating.
Fortunately, there's help. Here is a quick reference designed to help you understand some of the most common kinds of coverages. The reference was put together by The Progressive Group of Insurance Companies.
Liability covers bodily injury and property damage (BI/PD). This covers your legal liability, up to the dollar limits you select, for damages caused to others in a covered vehicle accident. In most states today, liability insurance is mandatory.
Under BI/PD, your insurance company pays for damages to an injured person and for property damage that you are legally obligated to pay as a result of an accident. If your policy covers you in the event you're sued after an accident, your insurance company will pay for a lawyer to defend you.
Liability limits generally appear as three numbers, for example, 25/50/25 or 100/300/100. The first number refers to the maximum amount, in thousands, that your insurance company is obligated to pay for bodily injury per person. The second number is the maximum that would be paid out for bodily injury per claim and the third number represents the maximum amount your insurance company is obligated to pay for property damage you cause.
Collision. When you buy collision coverage, your insurance company pays for damages if your vehicle collides with another vehicle or object. Collision coverage involves a deductible amount you select when you purchase your policy. This amount is what you are required to pay before your insurance company starts picking up the tab. Remember, the deductible amount is the amount you need to pay in the event of a claim.
Comprehensive covers damage caused by events other than a car collision-such as fire, theft, vandalism, hail or flood. It also covers damage caused by your vehicle colliding with an animal. And if your car is stolen, it will cover the cost of a rental, subject to a daily limit. Like collision coverage, a deductible usually applies.
Medical Coverage. Depending on the state in which you live, you may have available to you Medical Payments coverage or Personal Injury Protection (PIP) coverage. While these both work differently, they provide coverage for medical care provided to you as a result of a car accident.
Fortunately, there's help. Here is a quick reference designed to help you understand some of the most common kinds of coverages. The reference was put together by The Progressive Group of Insurance Companies.
Liability covers bodily injury and property damage (BI/PD). This covers your legal liability, up to the dollar limits you select, for damages caused to others in a covered vehicle accident. In most states today, liability insurance is mandatory.
Under BI/PD, your insurance company pays for damages to an injured person and for property damage that you are legally obligated to pay as a result of an accident. If your policy covers you in the event you're sued after an accident, your insurance company will pay for a lawyer to defend you.
Liability limits generally appear as three numbers, for example, 25/50/25 or 100/300/100. The first number refers to the maximum amount, in thousands, that your insurance company is obligated to pay for bodily injury per person. The second number is the maximum that would be paid out for bodily injury per claim and the third number represents the maximum amount your insurance company is obligated to pay for property damage you cause.
Collision. When you buy collision coverage, your insurance company pays for damages if your vehicle collides with another vehicle or object. Collision coverage involves a deductible amount you select when you purchase your policy. This amount is what you are required to pay before your insurance company starts picking up the tab. Remember, the deductible amount is the amount you need to pay in the event of a claim.
Comprehensive covers damage caused by events other than a car collision-such as fire, theft, vandalism, hail or flood. It also covers damage caused by your vehicle colliding with an animal. And if your car is stolen, it will cover the cost of a rental, subject to a daily limit. Like collision coverage, a deductible usually applies.
Medical Coverage. Depending on the state in which you live, you may have available to you Medical Payments coverage or Personal Injury Protection (PIP) coverage. While these both work differently, they provide coverage for medical care provided to you as a result of a car accident.
DYNAMIC LIFE AND AUTO INSURANCE : Term Life vs. Whole Life Insurance for Couples without Kids
If you don’t yet have children, then you may be thinking that it is too early to worry about life insurance, however this is far from the truth. Life insurance can benefit any person at any stage of life, and should be seriously considered before it is dismissed. If you were to die tomorrow, your spouse might not have the burden of childcare, but what about housing expenses, car payments, and funeral arrangements? The costs of living are only going up, and cushioning the blow for your loved ones is the least you can do, especially since it costs so little.
The type of insurance that you choose for yourselves, however, might vary depending on where you are in life’s journey together. There are two main kinds of life insurance to consider: whole life insurance and term life insurance. Term life insurance protects you for a specified period of time from one year to thirty. Initial costs and monthly premiums tend to be lower, but your coverage ends at the end of the term, and cannot be renewed at the same rates. Whole life insurance costs more to start up, but will last as long as you pay the monthly premiums. Whole life insurance covers you from the day you sign the papers until the day you die.
So which of these is best for you? If you are a couple with no significant loans or financial burdens, then consider investing in whole life insurance. The younger you are when you buy a policy, the better off you will be. This is because you will have locked in the lower rates for your entire lifetime, and the policy cannot be cancelled by the insurer because of health problems or age. This policy will protect you throughout your entire life, and should cover the funeral costs plus a little more (the bigger the policy, the more expensive, so think minimally here). A whole life insurance policy should be the foundation of your life insurance.
That leaves the meat of the insurance, which you will want to be variable as your life changes. Term life insurance, by nature, is variable and adaptable to your life situation. If you are about to invest in a new car or any other expense that requires a new loan burden, consider adding life insurance to protect your spouse or partner should anything happen to you while they are under the burden of the loan. The policy would only need to last as long as the loan is expected to last, and can offset the risk of making an investment.
The same can be said of the risk of having children. If and when you decide as a couple to take this step, you can arrange for term life insurance to last until the children are grown and out of the house. This protects your spouse from the financial burden of caring for the children when you are gone, and will allow you to reduce your coverage once the children are out of the house and caring for themselves. Keep in mind that you will also have the initial whole life insurance policy, which will still be effective after the term life insurance is no longer needed and expires.
Life insurance is important for everyone. With a little guidance, you will be able to make the right choices to last your lifetime.
The type of insurance that you choose for yourselves, however, might vary depending on where you are in life’s journey together. There are two main kinds of life insurance to consider: whole life insurance and term life insurance. Term life insurance protects you for a specified period of time from one year to thirty. Initial costs and monthly premiums tend to be lower, but your coverage ends at the end of the term, and cannot be renewed at the same rates. Whole life insurance costs more to start up, but will last as long as you pay the monthly premiums. Whole life insurance covers you from the day you sign the papers until the day you die.
So which of these is best for you? If you are a couple with no significant loans or financial burdens, then consider investing in whole life insurance. The younger you are when you buy a policy, the better off you will be. This is because you will have locked in the lower rates for your entire lifetime, and the policy cannot be cancelled by the insurer because of health problems or age. This policy will protect you throughout your entire life, and should cover the funeral costs plus a little more (the bigger the policy, the more expensive, so think minimally here). A whole life insurance policy should be the foundation of your life insurance.
That leaves the meat of the insurance, which you will want to be variable as your life changes. Term life insurance, by nature, is variable and adaptable to your life situation. If you are about to invest in a new car or any other expense that requires a new loan burden, consider adding life insurance to protect your spouse or partner should anything happen to you while they are under the burden of the loan. The policy would only need to last as long as the loan is expected to last, and can offset the risk of making an investment.
The same can be said of the risk of having children. If and when you decide as a couple to take this step, you can arrange for term life insurance to last until the children are grown and out of the house. This protects your spouse from the financial burden of caring for the children when you are gone, and will allow you to reduce your coverage once the children are out of the house and caring for themselves. Keep in mind that you will also have the initial whole life insurance policy, which will still be effective after the term life insurance is no longer needed and expires.
Life insurance is important for everyone. With a little guidance, you will be able to make the right choices to last your lifetime.
DYNAMIC LIFE AND AUTO INSURANCE : Car Insurance Discounts Made Easy
Automobile owner you have to get car insurance. However, getting car insurance isn't exactly cheap; it’s downright expensive. Still we are all looking for a cheap car insurance policy.
What is the best way to find cheap car insurance? Do your homework, research car insurance companies online, compare different insurance carriers and policies. Make sure to get the coverage you need, it may cost more, but will save you in the long run.
There are many ways to insure that the automotive policy you do get has been given all the discounts that are available to you.
Obey The Law
Car insurance companies can give you discounts for a number of reasons. One thing that you have to remember is that being a law-abiding citizen really does pay off. If you have a clean driving record where tickets and accidents for the last three to five years are concerned, you may be eligible for a discount.
Safety Devices
Being cautious also pays off. If your car has an air bag installed, an alarm, etched windows or other safety devices, then the car insurance company should give you a discount.
Loyalty Discount
Being loyal also pays off. Insurance companies usually offer a diverse selection of insurance policies. A single company might offer a lot of types of insurance like car insurance, house insurance and health insurance. If you use more than one of a company’s services, say car insurance and house insurance, you might just get a discount on one of the two or if you're really lucky, both. The same goes with owning multiple cars and getting insurance from the same company.
Military and Student Discounts
Soldiers get discounts whenever they get shipped overseas. If the car would be in storage for a number of years, then you will get a discount for the whole duration. Some discounts for soldiers might even get as high as 25% annually.
Students who maintain a B or better average may be eligible for a auto insurance discount. Students who go away to college and leave their car home can also get a break on the cost of their car insurance.
Auto Education Classes
Some towns offer safe driving courses, and if you have taken a certified course you may be able to get a discount on your auto policy. Check with your insurance agent to find out.
Remember that there are a lot of ways to get discounts for your car insurance. All you have to do is to know exactly what these are. Ask your insurance agent about what policy discounts are available. Who knows how many you will be able to apply to your auto policy and you could save yourself some money.
What is the best way to find cheap car insurance? Do your homework, research car insurance companies online, compare different insurance carriers and policies. Make sure to get the coverage you need, it may cost more, but will save you in the long run.
There are many ways to insure that the automotive policy you do get has been given all the discounts that are available to you.
Obey The Law
Car insurance companies can give you discounts for a number of reasons. One thing that you have to remember is that being a law-abiding citizen really does pay off. If you have a clean driving record where tickets and accidents for the last three to five years are concerned, you may be eligible for a discount.
Safety Devices
Being cautious also pays off. If your car has an air bag installed, an alarm, etched windows or other safety devices, then the car insurance company should give you a discount.
Loyalty Discount
Being loyal also pays off. Insurance companies usually offer a diverse selection of insurance policies. A single company might offer a lot of types of insurance like car insurance, house insurance and health insurance. If you use more than one of a company’s services, say car insurance and house insurance, you might just get a discount on one of the two or if you're really lucky, both. The same goes with owning multiple cars and getting insurance from the same company.
Military and Student Discounts
Soldiers get discounts whenever they get shipped overseas. If the car would be in storage for a number of years, then you will get a discount for the whole duration. Some discounts for soldiers might even get as high as 25% annually.
Students who maintain a B or better average may be eligible for a auto insurance discount. Students who go away to college and leave their car home can also get a break on the cost of their car insurance.
Auto Education Classes
Some towns offer safe driving courses, and if you have taken a certified course you may be able to get a discount on your auto policy. Check with your insurance agent to find out.
Remember that there are a lot of ways to get discounts for your car insurance. All you have to do is to know exactly what these are. Ask your insurance agent about what policy discounts are available. Who knows how many you will be able to apply to your auto policy and you could save yourself some money.
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