Why Buy Life Insurance?
Love. Yes, that's right. Love for your spouse, children, family, or even your school. This insurance provides financial protection for your family and friends when you die. There are basically two types of life insurance ? Term and Permanent.
Term life insurance provides insurance for a specific amount of time. Like, for one year. You can usually renew annually, and this is called "Annual Renewal Term". This works until about age 80. Level Term offers you a level premium for a fixed amount of years. You lock in a rate for 20 years. Then you have to get a new rate or new policy.
Permanent Insurance is also called whole life, universal life, etc. This form of life insurance also has a built in savings plan. You get a death benefit with a cash value savings plan attached. Of course, this plan is more expensive, but allows for some financial latitude.
You may be wondering why you would need insurance and what could you do with the proceeds if your spouse or loved one died. Here are some ideas that would help with the financial loss.
Think about your family and decide what type of life insurance would protect them the best. Let me know if you can think of other helpful information on what to do with life insurance proceeds.
I Was In An Accident, Will My Car Insurance Rates Go Up?
You were on the phone, got distracted and before you knew it traffic had stopped, giving you no room to stop and you rear end the girl in front of you. Or, let's say you're driving along and a deer jumps out and rams into the side of your door.
Now, let's say you need to file and claim and get your car fixed. But, are your rates going to go up?
In the first case, more than likely they will depending on how much your insurance company pays out to fix both cars and medical bills if anyone was injured.
But, in the second example, since this will be a comprehensive claim your rates should not see an increase at your renewal. Unless you have a long history of hitting deer then the people from PETA will be out to get you. Or if you fil...(related: Insurance)
How To Reduce Home Insurance Premiums
Here are some useful tips on how to reduce Home Insurance premiums.Home insurance, also known as Household Insurance is a policy designed to cover your home and if applicable its contents against the possible risks.With most aspects of household insurance, the premium is based upon factors over which you have no control. The location of the property, its age, the value of its contents are all fixed and there is little that you can do about it.There are three factors, however, that ca...(related: Insurance)
Health Savings Accounts (hsa): Do I Still Submit My Bills To Insurance When Using Hsa Money?
The Health Savings Account (HSA) is becoming well-known as an incredible tool to reduce health insurance premuims and still provide good security for healthcare emergencies.This article is about submitting your medical bills while you are still under your insurance deductible, and what to consider before doing that.Generally, submitting your documentation to your insurance company even when you are paying with HSA money is still a good idea.I say this for two reasons.First, if you using servic...(related: Insurance)
Millions Of Americans Have No Life Insurance
Only 61% of adult Americans have life insurance (down from 70% in 1984).Only 41% of adult Americans have individual life insurance, many rely on group insurance leaving them vulnerable if they lose their...(related: Insurance)
Talking To Your Parents About Insurance
Who can you talk to about auto insurance? Insurance agents are a good source. However, due to their life lessons, their love, and their own f...(related: Insurance)
A Free Term Life Insurance Quote Is Only Easy To Obtain
By searching online for life insurance, you can get a free term life insurance quote with no obligation to buy. In order to get the free term life insurance quote, you fill in the form on the appropriate page of the life insurance company website. You do have to make sure you provide honest answers to all the questions in order to get the life insurance you need....(related: Insurance)
Is Your Financial Security At Risk?
The topic of insurance is not sexy by any means. Perhaps that's why so many people avoid addressing it. Another reason may be a bit more subconscious--the avoidance of future, indeterminable events, in favor of present-day issues with more certainty.You are probably aware that many Americans are vastly under-insured. Home and auto insurance are important, and most people have that covered. What I am referring to, more appropriately, is your (1) life insurance,...(related: Insurance)
Health Insurance And Insurance Brokers
If you are in the market to purchase your own health insurance coverage you can save yourself precious time and money by shopping and comparing policies right online. Sites dedicated to giving you quotes on various types of insurance make it very easy for you to get an idea of what your coverage and costs will be. However, please be forewarned that there are some pitfalls in using an insurance broker as I discovered within the past year.As a self employed person, I carry my own health and life insurance for my family. When making the move from New Jersey to North Carolina in 2004 I knew two things about our health insurance:1. I would have to shop f...(related: Insurance)
Life Insurance Providing Little Protection From Terrorism
Recent statements by the City of London Police Commissioner James Hart that future terrorist attacks in London's financial centre are, "a matter of when, rather than if", will increase already serious concerns over issues of personal and business financial protection.Mr Hart's statement pointed out that, "if you want to hurt the government, hurt people at the same time, and you want to cause maximum disruption...where better to hit than at the financial centre?"Mr Hart also echoed a report by the insurer Axa which warned that just under 50% of small firms do not have a plan in place to ensure that their business could survive should they be hit by an emergency or disaster. Axa highlighted that many businesses, especially in the South East danger zone, are not even covered against genera...(related: Insurance)