by Brian Stevens
Health insurance rates have gone through the roof, but there is a way to get affordable insurance. Here's how to compare health insurance to get the cheapest rate.
Types of Health Insurance
You have four basic plans to consider when comparing health insurance plans:
Indemnity plans (also called fee-for-service plans) - These plans let you use physicians and hospitals of your choice. Your insurance company pays a percentage of your bills, usually 80%, and you're responsible for the remaining 20%. There are yearly deductibles (the amount you pay before your insurance company starts paying claims), and some some companies set a lifetime limit on the total amount of benefits they will pay.
Indemnity plans are the most flexible, involve the most paperwork, and are the most costly health insurance plans.
HMOs (health maintenance organizations) - These plans set you up with a network of physicians and hospitals. You pay a monthly fee and your provider pays for physician visits, hospital costs, and prescriptions drugs. You must choose a primary care physician who oversees your medical care.
HMOs are the least flexible, involve the least paperwork, and are the least expensive plans.
PPOs (preferred provider organizations) - Like HMOs, these plans set you up with a network of hospitals and physicians, but unlike HMOs you pay for your medical services and are then reimbursed by your insurer. PPOs require co-payments (the percentage of the bill you pay), and if you use a non-network physician or hospital you will pay a larger portion of your bill than if you use a network physician or hospital.
PPOs are more flexible than HMOs, involve more paperwork, and cost slightly more than HMOs.
POSs (point of service plans) - These plans also set you up with a network of health care providers. Like an HMO, you must choose a primary care physician to oversee your health care, but unlike an HMO, you may choose to see physicians outside the network for an additional fee.
These plans are more flexible than HMOs and PPOs, involve less paperwork than PPOs, and cost more than HMOs or PPOs.
Compare Health Insurance Quotes
In order to get the best price on your health insurance you need to compare rates from different companies. The quickest and easiest way to do that is to visit an insurance comparison website where you can get multiple quotes from A-rated insurance companies. A few of these sites even offer an online chat service so you can ask an insurance expert any questions you may have. (See link below.)
Before you purchase a health insurance plan you should find out the following:
1. Does the plan pay for all the medical services you need?
2. Are there pre-existing conditions that will make you wait for coverage?
3. What co-payments, deductibles, and coinsurance payments are there?
4. Is the insurance company reliable and does it have a good rating?
http://www.goarticles.com/cgi-bin/showa.cgi?C=604566
Showing posts with label Life. Show all posts
Showing posts with label Life. Show all posts
Wednesday, September 5, 2007
Monday, September 3, 2007
Life Insurance:A Must In Today's Times
by Allan Elvin
No one can deny the fact that life has become very uncertain these days. One only needs to glance at statistics to reveal this very sad aspect of modern times. In the last ten years, the rate of accidents in the UK has increased manifold. What is even more scary is the fact that in most of the cases, the accidents have proved to be fatal. This was quite expected, for the last ten years or so have seen life being lived at a breakneck speed and people being busier then ever. And in their eagerness to reach their destination on time, they often overlook traffic instructions with disastrous results.
Another palpable change that modern time is a witness to is the continuously rising prices. This has forced people, particularly those from middle class to live strictly within their budget. And any unplanned expenditure is a matter of great inconvenience to them. In this scenario, imagine the consequences if the only earning member of a middle class household dies untimely. It is here that life insurance proves its utility and reduces the burden of the deceased person's family by paying them the full amount of the policy.
Had life insurance not been their saviour, the family would have been shattered on the sudden demise of their only bread earner. Thanks to life insurance, such unpleasant scenario never happens and life insurance ensures that the family does not miss the absence of its only earning member, at least financially.
However, one should exercise some precaution before opting for life insurance. Firstly, he should do a thorough research of the offers made by different insurance companies before zeroing in on one that suits his need the most. One should also ensure that the policy comes to existence as soon as it is signed. Also, one should ensure that no wrong information is provided to the insurance company, or else any complication might raise its head later.
If the above mentioned steps are taken, then there is no reason why Life Insurance will not prove to be immensely useful for any household.
http://www.look4insurances.co.uk/lifeinsurance.php
No one can deny the fact that life has become very uncertain these days. One only needs to glance at statistics to reveal this very sad aspect of modern times. In the last ten years, the rate of accidents in the UK has increased manifold. What is even more scary is the fact that in most of the cases, the accidents have proved to be fatal. This was quite expected, for the last ten years or so have seen life being lived at a breakneck speed and people being busier then ever. And in their eagerness to reach their destination on time, they often overlook traffic instructions with disastrous results.
Another palpable change that modern time is a witness to is the continuously rising prices. This has forced people, particularly those from middle class to live strictly within their budget. And any unplanned expenditure is a matter of great inconvenience to them. In this scenario, imagine the consequences if the only earning member of a middle class household dies untimely. It is here that life insurance proves its utility and reduces the burden of the deceased person's family by paying them the full amount of the policy.
Had life insurance not been their saviour, the family would have been shattered on the sudden demise of their only bread earner. Thanks to life insurance, such unpleasant scenario never happens and life insurance ensures that the family does not miss the absence of its only earning member, at least financially.
However, one should exercise some precaution before opting for life insurance. Firstly, he should do a thorough research of the offers made by different insurance companies before zeroing in on one that suits his need the most. One should also ensure that the policy comes to existence as soon as it is signed. Also, one should ensure that no wrong information is provided to the insurance company, or else any complication might raise its head later.
If the above mentioned steps are taken, then there is no reason why Life Insurance will not prove to be immensely useful for any household.
http://www.look4insurances.co.uk/lifeinsurance.php
Monday, August 27, 2007
Life Insurance for Gays and Lesbians
by Mark Glen-Walker
There are some little unknown facts about life insurance. Gays and Lesbians currently have no recognized relationships on a federal level. However, this does not mean that gays and lesbians do not have options to protect each other in case of death. Life insurance in Texas purhcased by individuals, for the most part, pays tax-free benefits to a beneficiary of any choice. Even better, the life insurance benefit does not go through probate. It is automatically paid to the beneficiary. Therefore, no families can interfere to contest the amount left to the living partner.
Gays and lesbians while not being recognized by the federal government in long-term relationships do have options. Sometimes it takes digging around to find out exactly how you can protect your loved ones in relationships. Talk to you CPA, to your real estate advisor, to your insurance agent, to your financial planner. You may be surprised the number of options you have.
In this sense, do gays and lesbians need gay marriage? That is the hot topic. Luckily, this article just focuses on what action can be taken today in the current system.
www.thenrt.net
There are some little unknown facts about life insurance. Gays and Lesbians currently have no recognized relationships on a federal level. However, this does not mean that gays and lesbians do not have options to protect each other in case of death. Life insurance in Texas purhcased by individuals, for the most part, pays tax-free benefits to a beneficiary of any choice. Even better, the life insurance benefit does not go through probate. It is automatically paid to the beneficiary. Therefore, no families can interfere to contest the amount left to the living partner.
Gays and lesbians while not being recognized by the federal government in long-term relationships do have options. Sometimes it takes digging around to find out exactly how you can protect your loved ones in relationships. Talk to you CPA, to your real estate advisor, to your insurance agent, to your financial planner. You may be surprised the number of options you have.
In this sense, do gays and lesbians need gay marriage? That is the hot topic. Luckily, this article just focuses on what action can be taken today in the current system.
www.thenrt.net
Sunday, August 19, 2007
Solving Inheritance Tax issues by using life insurance
by Adam Singleton
Originally devised as a tax on the super-rich, inheritance tax (IHT) is threatening more and more ordinary households in the UK. Indeed, over the last five years the estimated revenue from this tax has increased by 50% to annually yield £3billion into the HM Revenue & Customs coffers. It seems that in the future death will no longer be a valid reason to not pay tax for the majority of us. The chancellor will be pursuing 40% of your estate over the £300,000 threshold after your demise.
There is no shortage of financial advice on how to mitigate your IHT liability. That is because rising house prices combined with the government's refusal to increase the nil-rate threshold in line with house price inflation means that this pernicious tax is now within the reach of many ordinary, base rate taxpayers: not just the super rich, as originally intended.
Ways to help reduce your liability include reducing the size of your estate by using trusts, although the HMRC has been quick to close the loopholes over the last few years. Under certain conditions you can give your assets away, although if done within seven years of your death, this may ultimately not reduce your tax liability, and there are other complications that may nullify this charitable way of distributing your worldly goods.
Another answer could be life assurance, which provides a tax-free cash sum on death, capable of paying the IHT bill. For those who are married or in a joint civil partnership, taking out a joint-life second death policy would be the solution, as their estate is not subject to IHT on the first death. However, it is essential that this life insurance is written into trust, otherwise it will be taxed as part of the taxable estate - so rather than reducing the tax liability it will increase it.
Part of the planning challenge for this solution is being certain that you will expire before your policy does. There is no point having a sum assured to meet your tax liability if you outlive the policy. As a result, many would consider a whole-of-life life insurance product as the best alternative to the second death policy. This type of UK life insurance product pays out upon death and not after a fixed period. However, premiums tend to be higher with whole-of-life policies and can increase significantly over the period of the insurance.
Inheritance planning is very important and, before taking out any policy, it is important that you compare life insurance products, as the premiums will differ depending upon the cover and the company. In any case, get professional independent financial advice before committing to any life insurance purchase.
http://www.goarticles.com/cgi-bin/showa.cgi?C=585738
Originally devised as a tax on the super-rich, inheritance tax (IHT) is threatening more and more ordinary households in the UK. Indeed, over the last five years the estimated revenue from this tax has increased by 50% to annually yield £3billion into the HM Revenue & Customs coffers. It seems that in the future death will no longer be a valid reason to not pay tax for the majority of us. The chancellor will be pursuing 40% of your estate over the £300,000 threshold after your demise.
There is no shortage of financial advice on how to mitigate your IHT liability. That is because rising house prices combined with the government's refusal to increase the nil-rate threshold in line with house price inflation means that this pernicious tax is now within the reach of many ordinary, base rate taxpayers: not just the super rich, as originally intended.
Ways to help reduce your liability include reducing the size of your estate by using trusts, although the HMRC has been quick to close the loopholes over the last few years. Under certain conditions you can give your assets away, although if done within seven years of your death, this may ultimately not reduce your tax liability, and there are other complications that may nullify this charitable way of distributing your worldly goods.
Another answer could be life assurance, which provides a tax-free cash sum on death, capable of paying the IHT bill. For those who are married or in a joint civil partnership, taking out a joint-life second death policy would be the solution, as their estate is not subject to IHT on the first death. However, it is essential that this life insurance is written into trust, otherwise it will be taxed as part of the taxable estate - so rather than reducing the tax liability it will increase it.
Part of the planning challenge for this solution is being certain that you will expire before your policy does. There is no point having a sum assured to meet your tax liability if you outlive the policy. As a result, many would consider a whole-of-life life insurance product as the best alternative to the second death policy. This type of UK life insurance product pays out upon death and not after a fixed period. However, premiums tend to be higher with whole-of-life policies and can increase significantly over the period of the insurance.
Inheritance planning is very important and, before taking out any policy, it is important that you compare life insurance products, as the premiums will differ depending upon the cover and the company. In any case, get professional independent financial advice before committing to any life insurance purchase.
http://www.goarticles.com/cgi-bin/showa.cgi?C=585738
Saturday, August 18, 2007
Mortgage Insurance: Mortgage Insurance Is Not Life Insurance
by Gerry Marsh
Private Mortgage Insurance is a type of insurance that the lender requires when the mortgage loan balance is greater than 80% of the value of the property. It is like any other insurance in that there is a person who pays the premiums, that is you, and a beneficiary, which is the lender. Mortgage insurance is a type of guaranty that helps protect lenders against the cost of foreclosure. It's important to understand that the primary and only real purpose for mortgage insurance is to protect your lender -- not you. There is much confusion about this that I hope to clarify.
Mortgage Insurance Defined
"Mortgage Insurance" is a term used by two distinct groups to mean two entirely different things. To lenders, the term "mortgage insurance" means Private Mortgage Insurance, or PMI. Mortgage Guaranty Insurance Corporation (MGIC) originated PMI in the 1950s to assist in getting lender approval on an loans considered too risky to be otherwise acceptable. This helped borrows qualify for higher value homes or to qualify for the home they wanted by putting less money down.
Before PMI was available you needed to have 20 percent of the purchase price as a down payment - plus, of course, enough money for the other closing costs. This requirement kept many people from qualifying for a home loan. With the advent of Private Mortgage Insurance, the down payment requirement was reduced to 10 percent and later to only 5 percent. Lenders could safely loan the higher amounts because if the borrower defaulted the mortgage insurance would pay off the loan.
Mortgage insurance was the perfect answer to help stimulate the economy because it allowed people with good credit and good earnings to get into their dream home without having to wait until they accumulate a large amount of savings.
Lenders
Lenders usually consider any mortgage that has less than 20% down as being a "high risk" mortgage. Lenders usually require private mortgage insurance on low down payment loans for protection in the event that the homeowner fails to make his or her payments. Most lenders who use private mortgage insurance make their requests through a provision known as Direct Endorsement. This which authorizes them to consider applications without submitting paperwork to HUD.
The nation's largest owners of home mortgages, Fannie Mae and Freddie Mac, instruct their lenders to cancel the insurance if a borrower has made payments on time, the loan has been in effect for at least 24 months, and the owner's equity is at least 20%. Most lenders today permit you to cancel the PMI after a certain time has past. Borrowers should contact their loan servicer to find out the procedure for canceling mortgage insurance when they think they have achieved 20 percent equity.
Lenders have some leeway to refuse to cancel your PMI if you are not current on your payments, if there are liens against the property or if you have an exceptional amount of debt based on your income.
The Borrower
Borrowers can expect faster loan approval, less paperwork and more variety in premium plans when their lenders choose to buy private mortgage insurance. Home purchasers who cannot make a down payment of 20% today have three ways to go: traditional borrower-pay mortgage insurance; second or "piggyback" mortgages; and lender-pay mortgage insurance. Private mortgage insurance does not give you additional homeowners insurance coverage, but it does give the bank insurance just in case you do not fulfill your obligations by not paying your mortgage payments.
In Summary
Mortgage insurance is typically required for loans with less than 20% down payment using conventional financing. It is insurance that protects your lender against non-payment should you default on your loan. If the borrower dies, the loan is not paid off. Mortgage insurance only pays off the loan if the borrow defaults. Unlike Mortgage Life Insurance, you cannot name beneficiary - it is always the lender.
http://www.goarticles.com/cgi-bin/showa.cgi?C=584980
Private Mortgage Insurance is a type of insurance that the lender requires when the mortgage loan balance is greater than 80% of the value of the property. It is like any other insurance in that there is a person who pays the premiums, that is you, and a beneficiary, which is the lender. Mortgage insurance is a type of guaranty that helps protect lenders against the cost of foreclosure. It's important to understand that the primary and only real purpose for mortgage insurance is to protect your lender -- not you. There is much confusion about this that I hope to clarify.
Mortgage Insurance Defined
"Mortgage Insurance" is a term used by two distinct groups to mean two entirely different things. To lenders, the term "mortgage insurance" means Private Mortgage Insurance, or PMI. Mortgage Guaranty Insurance Corporation (MGIC) originated PMI in the 1950s to assist in getting lender approval on an loans considered too risky to be otherwise acceptable. This helped borrows qualify for higher value homes or to qualify for the home they wanted by putting less money down.
Before PMI was available you needed to have 20 percent of the purchase price as a down payment - plus, of course, enough money for the other closing costs. This requirement kept many people from qualifying for a home loan. With the advent of Private Mortgage Insurance, the down payment requirement was reduced to 10 percent and later to only 5 percent. Lenders could safely loan the higher amounts because if the borrower defaulted the mortgage insurance would pay off the loan.
Mortgage insurance was the perfect answer to help stimulate the economy because it allowed people with good credit and good earnings to get into their dream home without having to wait until they accumulate a large amount of savings.
Lenders
Lenders usually consider any mortgage that has less than 20% down as being a "high risk" mortgage. Lenders usually require private mortgage insurance on low down payment loans for protection in the event that the homeowner fails to make his or her payments. Most lenders who use private mortgage insurance make their requests through a provision known as Direct Endorsement. This which authorizes them to consider applications without submitting paperwork to HUD.
The nation's largest owners of home mortgages, Fannie Mae and Freddie Mac, instruct their lenders to cancel the insurance if a borrower has made payments on time, the loan has been in effect for at least 24 months, and the owner's equity is at least 20%. Most lenders today permit you to cancel the PMI after a certain time has past. Borrowers should contact their loan servicer to find out the procedure for canceling mortgage insurance when they think they have achieved 20 percent equity.
Lenders have some leeway to refuse to cancel your PMI if you are not current on your payments, if there are liens against the property or if you have an exceptional amount of debt based on your income.
The Borrower
Borrowers can expect faster loan approval, less paperwork and more variety in premium plans when their lenders choose to buy private mortgage insurance. Home purchasers who cannot make a down payment of 20% today have three ways to go: traditional borrower-pay mortgage insurance; second or "piggyback" mortgages; and lender-pay mortgage insurance. Private mortgage insurance does not give you additional homeowners insurance coverage, but it does give the bank insurance just in case you do not fulfill your obligations by not paying your mortgage payments.
In Summary
Mortgage insurance is typically required for loans with less than 20% down payment using conventional financing. It is insurance that protects your lender against non-payment should you default on your loan. If the borrower dies, the loan is not paid off. Mortgage insurance only pays off the loan if the borrow defaults. Unlike Mortgage Life Insurance, you cannot name beneficiary - it is always the lender.
http://www.goarticles.com/cgi-bin/showa.cgi?C=584980
Tuesday, August 14, 2007
Personal Health Insurance
by Lazybear
Health is an essential part of everyday life. Without it, even the simplest tasks become more difficult. Whether you have a toothache, a back injury, or a bronchial infection, your life quality suffers and so do you. Therefore, you need medical treatments. But what about the cost?
Of course, most of us have group insurance plans, such as through your employer, you have to accept the coverages and deductibles they offer. However, one size doesn't necessarily fit all when it comes to personal health problem.
First of all, let's clarify what is Personal Health Insurance. There are many different types of policies that can meet your various needs. In one word, it can be anything you need it to be.
* If you have recently lost health coverage, but are expecting to get new coverage within a year, a short-term health insurance plan may be right for you. * Comprehensive insurance policy is to cover you and your entire family long-term. * Supplement insurance is to cover gaps in your existing health insurance policy.
Secondly, we must be aware that personal health insurance may be more costly than group ones because you are shouldering the cost by your own instead of sharing the cost with your employee. Following are some useful tips that can help you get the best rate on your personal health insurance plan.
* To see if your auto and home insurance company also offers health insurance and if so, whether you can get a discount. Most of the insurance companies can offer discount to the old clients. * Set your deductible as high as you can offer. * If you have any bad health habits, such as smoking or obesity, work to break these habits and improve your health.
Thirdly, you must want to know vaguely how much does it cost. Take the shot-term individual health insurance for example, Short-term health insurance tends to be significantly cheaper than other types of insurance, including COBRA continuation coverage. Some people may qualify for comprehensive coverage for less than $100/month. This is why some people who lose their job-based insurance choose short-term policies rather than electing COBRA. If you do decide to buy a short-term health insurance policy, make sure you understand what you are getting for your money. If you find a policy for $50/month, but it has a $3000 deductible per injury or illness, you will be paying for virtually all of your medical expenses out of pocket.
www.insurance4000.com
Health is an essential part of everyday life. Without it, even the simplest tasks become more difficult. Whether you have a toothache, a back injury, or a bronchial infection, your life quality suffers and so do you. Therefore, you need medical treatments. But what about the cost?
Of course, most of us have group insurance plans, such as through your employer, you have to accept the coverages and deductibles they offer. However, one size doesn't necessarily fit all when it comes to personal health problem.
First of all, let's clarify what is Personal Health Insurance. There are many different types of policies that can meet your various needs. In one word, it can be anything you need it to be.
* If you have recently lost health coverage, but are expecting to get new coverage within a year, a short-term health insurance plan may be right for you. * Comprehensive insurance policy is to cover you and your entire family long-term. * Supplement insurance is to cover gaps in your existing health insurance policy.
Secondly, we must be aware that personal health insurance may be more costly than group ones because you are shouldering the cost by your own instead of sharing the cost with your employee. Following are some useful tips that can help you get the best rate on your personal health insurance plan.
* To see if your auto and home insurance company also offers health insurance and if so, whether you can get a discount. Most of the insurance companies can offer discount to the old clients. * Set your deductible as high as you can offer. * If you have any bad health habits, such as smoking or obesity, work to break these habits and improve your health.
Thirdly, you must want to know vaguely how much does it cost. Take the shot-term individual health insurance for example, Short-term health insurance tends to be significantly cheaper than other types of insurance, including COBRA continuation coverage. Some people may qualify for comprehensive coverage for less than $100/month. This is why some people who lose their job-based insurance choose short-term policies rather than electing COBRA. If you do decide to buy a short-term health insurance policy, make sure you understand what you are getting for your money. If you find a policy for $50/month, but it has a $3000 deductible per injury or illness, you will be paying for virtually all of your medical expenses out of pocket.
www.insurance4000.com
Saturday, August 11, 2007
Free Life Insurance Quotes - Where to Get the Best Rates
by Brian Stevens
Looking for free life insurance quotes? Here's where to get the best rates.
Why Life Insurance?
If you die, your family needs the protection of life insurance to ensure that ...
* They can continue to pay the mortgage.
* Your kids can afford to go to college.
* They can pay any medical bills and funeral costs.
If you don't have life insurance yet, or if you need to increase the amount of life insurance you have, don't delay. Start looking now for the best rates on life insurance to protect your family.
But I Have Life Insurance Through my Job
If your employer offers you life insurance as a benefit, that's great. However, it's probably not enough to protect your family, especially if you have young children.
Most employer life insurance plans offer an amount equal to one or two times your annual salary, while experts recommend you carry at least five times your annual salary in life insurance. Therefore, you need to get extra life insurance to fully protect your family.
Keep Your Insurance Costs Down
To help you get the best rate on your life insurance, follow these tips:
* Choose term life insurance, which is the least expensive type life insurance.
* Buy your life insurance when you're young and in good health. As you get older, your premium increases. * Live a healthy lifestyle - don't use tobacco, maintain an appropriate weight, and exercise regularly.
The Best Rates are on the Internet - and the Quotes are Free!
For free, competitive life insurance quotes, just sit down at your computer and go to an insurance comparison website. On these websites you'll complete a form with information about your
* Health
* Job
* Hobbies
* Insurance needs
On the best comparison websites, you can even talk with insurance professionals online or by phone and get quick answers to your life insurance questions. (See link below.)
Once all your questions are answered and you submit your form, you will then get free, fast quotes from multiple A+ rated life insurance companies. Then all you have to do is choose the best rate!
http://www.LowerRateQuotes.com
Looking for free life insurance quotes? Here's where to get the best rates.
Why Life Insurance?
If you die, your family needs the protection of life insurance to ensure that ...
* They can continue to pay the mortgage.
* Your kids can afford to go to college.
* They can pay any medical bills and funeral costs.
If you don't have life insurance yet, or if you need to increase the amount of life insurance you have, don't delay. Start looking now for the best rates on life insurance to protect your family.
But I Have Life Insurance Through my Job
If your employer offers you life insurance as a benefit, that's great. However, it's probably not enough to protect your family, especially if you have young children.
Most employer life insurance plans offer an amount equal to one or two times your annual salary, while experts recommend you carry at least five times your annual salary in life insurance. Therefore, you need to get extra life insurance to fully protect your family.
Keep Your Insurance Costs Down
To help you get the best rate on your life insurance, follow these tips:
* Choose term life insurance, which is the least expensive type life insurance.
* Buy your life insurance when you're young and in good health. As you get older, your premium increases. * Live a healthy lifestyle - don't use tobacco, maintain an appropriate weight, and exercise regularly.
The Best Rates are on the Internet - and the Quotes are Free!
For free, competitive life insurance quotes, just sit down at your computer and go to an insurance comparison website. On these websites you'll complete a form with information about your
* Health
* Job
* Hobbies
* Insurance needs
On the best comparison websites, you can even talk with insurance professionals online or by phone and get quick answers to your life insurance questions. (See link below.)
Once all your questions are answered and you submit your form, you will then get free, fast quotes from multiple A+ rated life insurance companies. Then all you have to do is choose the best rate!
http://www.LowerRateQuotes.com
Friday, August 10, 2007
What is Term Life Insurance ?
by Simon Smith
The purpose of term life insurance is to protect people against financial disaster when they are unable to earn a living because of a permantent injury, or to give their dependents some type of income after they die. Whether to purchase term life insurance is an important financial decision about protecting you and your families lifestyle.
Term life insurance is often the most inexpensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis. This is because term life insurance has no cash accumulation.
When might Term Life Insurance Used
Term life insurance is often a good choice for people:-
=> in their family-formation years, especially if they're on a tight budget, because it allows them to buy high levels of coverage when the need for protection is often greatest.
=> is a good way to supplement other coverage when you have added financial responsibilities for a given period of time
=> is an excellent way to replace income for young growing families if a wage earner dies
=> is useful for estate planning with blended families
=> is useful as a way to fund a cross purchase buy sell agreement, particularly where one owner is significantly younger than another
=> is right for you if you have temporary life insurance needs such as making sure your children can attend college or that family living expenses are paid
=> is right for you if you are taking on new debt (such as a home equity line of credit, a home mortgage or a car loan)
For those reasons, I and many other people say that term life insurance is usually the best bet for people looking for basic insurance protection, that is, people who want their loved ones to be cared for in the event they die prematurely or are permanently disabled.
Health
As with all life insurance the best time to get term life insurance is when you are fit and healthy. The cost of term life insurance typically goes up as you get older or as your health declines. In other words the better your health at the time of application, the cheaper your life insurance premium should be.
How much you pay for life insurance will depend on a number of risk factors, including your age, your health, whether you use tobacco, your family health history, and the type and amount of insurance you're buying.
The answers you give on your application, along with the results from the medical exam and your past health history, will help the insurance company determine whether to offer you an insurance policy, and if so, at what price.
If you're not healthy, taking steps to improve your health may help you find cheaper life insurance. If your health has worsened or (in a worse case) you have become uninsurable (because of extreme health problems), the last thing you want to do is cancel your existing term insurance policy.
Financial
The primary purpose of insurance is to provide for the financial responsibilities of the insured. Term insurance allows for this to occur in an affordable manner.
Whether it's sending children to college, purchasing a new home, or starting a business, adequate financial resources are essential. You can never be replaced but, with term insurance, your family could probably handle the financial pressure that comes with the loss of income due to premature death.
When planning for your families financial future it's important to keep in mind that term life insurance expires and it is possible to outlive your policy.
Conclusion
For assistance in evaluating your insurance needs, consult a professional advisor, who can help you decide whether the insurance benefits offered by term insurance are sufficient to meet your financial objectives.
When all is taken into consideration, you may find that a good quality term life insurance is best for you. If you have financial responsibilities then having term life insurance cover is the very least you could do.
www.wealthtrakfs.com
The purpose of term life insurance is to protect people against financial disaster when they are unable to earn a living because of a permantent injury, or to give their dependents some type of income after they die. Whether to purchase term life insurance is an important financial decision about protecting you and your families lifestyle.
Term life insurance is often the most inexpensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis. This is because term life insurance has no cash accumulation.
When might Term Life Insurance Used
Term life insurance is often a good choice for people:-
=> in their family-formation years, especially if they're on a tight budget, because it allows them to buy high levels of coverage when the need for protection is often greatest.
=> is a good way to supplement other coverage when you have added financial responsibilities for a given period of time
=> is an excellent way to replace income for young growing families if a wage earner dies
=> is useful for estate planning with blended families
=> is useful as a way to fund a cross purchase buy sell agreement, particularly where one owner is significantly younger than another
=> is right for you if you have temporary life insurance needs such as making sure your children can attend college or that family living expenses are paid
=> is right for you if you are taking on new debt (such as a home equity line of credit, a home mortgage or a car loan)
For those reasons, I and many other people say that term life insurance is usually the best bet for people looking for basic insurance protection, that is, people who want their loved ones to be cared for in the event they die prematurely or are permanently disabled.
Health
As with all life insurance the best time to get term life insurance is when you are fit and healthy. The cost of term life insurance typically goes up as you get older or as your health declines. In other words the better your health at the time of application, the cheaper your life insurance premium should be.
How much you pay for life insurance will depend on a number of risk factors, including your age, your health, whether you use tobacco, your family health history, and the type and amount of insurance you're buying.
The answers you give on your application, along with the results from the medical exam and your past health history, will help the insurance company determine whether to offer you an insurance policy, and if so, at what price.
If you're not healthy, taking steps to improve your health may help you find cheaper life insurance. If your health has worsened or (in a worse case) you have become uninsurable (because of extreme health problems), the last thing you want to do is cancel your existing term insurance policy.
Financial
The primary purpose of insurance is to provide for the financial responsibilities of the insured. Term insurance allows for this to occur in an affordable manner.
Whether it's sending children to college, purchasing a new home, or starting a business, adequate financial resources are essential. You can never be replaced but, with term insurance, your family could probably handle the financial pressure that comes with the loss of income due to premature death.
When planning for your families financial future it's important to keep in mind that term life insurance expires and it is possible to outlive your policy.
Conclusion
For assistance in evaluating your insurance needs, consult a professional advisor, who can help you decide whether the insurance benefits offered by term insurance are sufficient to meet your financial objectives.
When all is taken into consideration, you may find that a good quality term life insurance is best for you. If you have financial responsibilities then having term life insurance cover is the very least you could do.
www.wealthtrakfs.com
Wednesday, August 8, 2007
How to Get a Cheap Online Life Insurance Quote
by Brian Stevens
You can buy anything online now, and get a good price - from cars to shoes to life insurance. In fact, it's easy to find cheap life insurance quotes online if you know where to look. And the best place to look is on an insurance comparison website.
Why an Insurance Comparison Website?
Insurance comparison websites give you a fast and easy way to get quotes from several A+ rated life insurance companies - and you only have to complete one form. On the best insurance websites, you can even get quick answers to your life insurance questions by talking with insurance professionals online or by phone. (See link below.)
Once you get your quotes, it's easy to compare them and find the company with the cheapest rate.
Your Choices for the Perfect Life Insurance
Of course, it's not enough to get a fast quote for your life insurance if the insurance you end up with does not suit your needs. An insurance comparison website lets you get the type of life insurance you want:
* Term life insurance, which is cheaper because all you're buying is insurance.
* Whole life insurance, which includes an investment feature.
* Universal life insurance, which also includes an investment feature but offers more flexible payments.
* No load life insurance, which is a whole life policy with limited fees.
You can also choose how much life insurance you want to buy.
Check Out the Insurance Companies
All the quotes you get from an insurance comparison website will be from A+ rated companies, which means they're financially stable. However, you may want to check the companies further.
To check the ratings of a life insurance company, your best source is a credit agency like Standard & Poor's (standardandpoors.com), and a consumer rating site like J.D. Power and Associates (jdpower.com).
Bottom Line
By going online to an insurance comparison website, you'll have the assurance of knowing you're protecting your family and getting the cheapest insurance rate possible with a reliable company.
LowerRateQuotes.com/life-insurance.html
You can buy anything online now, and get a good price - from cars to shoes to life insurance. In fact, it's easy to find cheap life insurance quotes online if you know where to look. And the best place to look is on an insurance comparison website.
Why an Insurance Comparison Website?
Insurance comparison websites give you a fast and easy way to get quotes from several A+ rated life insurance companies - and you only have to complete one form. On the best insurance websites, you can even get quick answers to your life insurance questions by talking with insurance professionals online or by phone. (See link below.)
Once you get your quotes, it's easy to compare them and find the company with the cheapest rate.
Your Choices for the Perfect Life Insurance
Of course, it's not enough to get a fast quote for your life insurance if the insurance you end up with does not suit your needs. An insurance comparison website lets you get the type of life insurance you want:
* Term life insurance, which is cheaper because all you're buying is insurance.
* Whole life insurance, which includes an investment feature.
* Universal life insurance, which also includes an investment feature but offers more flexible payments.
* No load life insurance, which is a whole life policy with limited fees.
You can also choose how much life insurance you want to buy.
Check Out the Insurance Companies
All the quotes you get from an insurance comparison website will be from A+ rated companies, which means they're financially stable. However, you may want to check the companies further.
To check the ratings of a life insurance company, your best source is a credit agency like Standard & Poor's (standardandpoors.com), and a consumer rating site like J.D. Power and Associates (jdpower.com).
Bottom Line
By going online to an insurance comparison website, you'll have the assurance of knowing you're protecting your family and getting the cheapest insurance rate possible with a reliable company.
LowerRateQuotes.com/life-insurance.html
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