and Auto Insurance
should I purchase Term Life Insurance ?
is Term Life Insurance
-Term Life Insurance provides temporary
coverage for a specified period of time,
in increments of years. Usually these
periods are from 5,10,15,20, even 30 year
term products are available, but be sure
to understand the guarantee period for
any policy purchased. See: "Can the
rates increase?" below.
The beneficiary receives the death benefit
if the insured dies while the policy is
in-force; no benefit is paid if the insured
survives to the end of the term. Policies
do not build up cash value, so if the
policy is surrendered, the policyholder
does not receive any cash value.
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-Term policies are designed to meet a
specific need for a stated period of time.
They are sometimes purchased to supplement
permanent insurance. Term insurance is
useful for pure protection needed for
a definite period at a low cost.
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Can the rates increase?
The Triple X legislation adopted by most
states January 1, 2000, has changed the
rates and guarantees on term insurance
as we knew it before Dec. 31, 1999. While
many companies are still getting their
Triple X compliant products approved through
the states, many have come out with these
products and the insurance consumer should
have a complete understanding of the product
before they make that purchase.
Premiums remain level on guaranteed term
insurance. Initial premium rates for term
coverage may be lower than those for permanent
insurance products because of the limited
periods of protection and absence of cash
value, but the premiums can escalate upon
renewal, as the insured gets older or
as the duration of the term increases
past the guaranteed period.
The products being offered that we sell
range from full guarantees on 10, 15,
and 20-years at competitive rates to mid-range
guarantees and short term guarantees.
The mid-range guarantees generally include
5 and 10-year level premium plans with
rates guaranteed level for only the first
five years. 15, 20, and 30-year level-premium
plans with rates guaranteed level the
first 10 years.
The short-term guarantees are on term
products for 5, 10, 15 and 20-year level-premium
plans with rates guaranteed level the
first 3 years only.
Every company's products will differ,
so be sure to read the illustration provided.
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Term Insurance policy Convertible?
-A feature of some term insurance policies
is "convertibility". This allows
the policy owner to convert the term policy
to a permanent insurance policy that builds
up cash value. Generally, no additional
underwriting is required to exercise this
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How much coverage
do I need?
-Our experience is that people typically
are securing term insurance to either
cover a personal or business loan, or
to replace family income in the event
of premature death.
If for a loan, the balance due determines
the amount of coverage needed.
If to replace family income, the proceeds
should be enough to take care of your
family. With the insurance proceeds and
prudent investing, your family would be
able to replace your annual income. Many
experts advise at least three to five
times your annual earnings.
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How long should
my coverage be for?
-The answer is a highly personal one,
and will vary depending on your health,
your age, and your current and expected
financial situation. Term insurance will
cover you only for a period of time. The
policies can have a good rate for the
guarantee period of 5,10,15,20, or 30
years. After that you will have to re-qualify
to have the policy renewed for another
term period. That new term period will
usually be at a higher rate, based on
your current age and health. If something
has gone wrong with your health during
that term of time, then you may be forced
to pay annually increasing premiums after
the level guaranteed period in order to
continue the coverage. So you need to
carefully evaluate how long you will need
We can help you to analyze how much coverage
you need simply fill in this Free
Quote request form
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Home and auto insurance can save you from costly
repairs and liability in the case of damage
to your home or your car. Both essentially cover
damages to you and your property, however a
large portion of auto insurance covers third
party damage and injuries in the form of liability
coverage. In the case of auto insurance, most
states make mandatory at least minimum coverage.
How much coverage you need, cost and what your
level of exposure might be are among the concerns
governing selection of these type of insurances.
.An auto insurance policy is actually a package
of different coverages. Coverage can include
liability insurance; collision coverage; comprehensive
coverage; medical, PIP and no-fault; uninsured
motorists and certain add on features. Most
states require you to purchase a minimum amount
of certain kinds of coverage. But if you're
interested in protecting yourself from a lawsuit
or from wicked repair bills, then it makes sense
to buy more than what's required.
Auto Insurance What Is
An auto insurance policy is a contract between
you and an insurance company. You pay a premium.
In exchange, the insurance company promises
to pay for specific car-related financial losses
that you may have during the term of the agreement
|Auto Insurance Do You Need
is a legal requirement in most states. State laws
typically say that as a driver, you either must
have insurance, or be able to provide evidence
that you have the financial resources to pay a
judgment against you, if you are responsible for
causing damage or injury to another person/property.
An insurance policy is the easiest way to document
that you can pay damages if you must. You also
need auto insurance to protect yourself financially.
If you or anyone for whom you're responsible seriously
injures another person, you can be held liable
for the injured person's medical expenses, rehabilitative
therapy, and long term nursing care, as well as
for his or her lost earnings.
|Auto Insurance Who Is Covered?
|Your policy covers you, your spouse,
and other family members who live in your household
and are entitled to drive one of your vehicles
Insurance What Is Covered?
|Where you live - Where you live
and drive your car has a significant impact on
the cost of your insurance. This is because the
frequency of things like vandalism and car theft,
and the cost of things like car repairs and medical
bills, vary enormously from one region to another.
The make and model of your car - The cost of insurance
depends a great deal on what type of car you drive,
too. (It can be helpful to bear this in mind when
choosing a car, especially if you're on a tight
Your driving record - Your insurance rates will
be affected by any tickets you've received and
violations of which you've been convicted over
the past several years.
Your age - Statistically, younger drivers get
in more accidents and tend to get more tickets
Exam Life Insurance
No medical exam
life insurance is available from a number of
insurers. No medical exam life insurance policies
provide the same benefits as plans that require
a medical exam without the hassle. No medical
exam life insurance are NOT for people with
serious health issues such as (but not limited
to) AIDS, ARC, HIV, cancer, heart disease, lung
disorders, stroke, diabetes, liver disease,
mental, psychological or nervous disorders.
Every insurance company has differing terms
and requirements you must satisfy in order to
be eligible for a no medical exam life insurance
policy. The best thing to do is request no medical
exam life insurance quotes and see what type
of life insurance policy you are eligible for
and what suits your needs. Receive free, multiple
quotes from competitive life insurance vendors
today. You may be eligible for no medical exam
life insurance, compare and save now!
of Life Insurance:
Permanent Life Insurance
Term Life Insurance
Cash Value Life Insurance
Whole Life Insurance
Single Premium Life Insurance
Variable Life Insurance
Endowment Life Insurance
Universal Life Insurance
Level Term Life Insurance
Child Life Insurance
Decreasing Term Life Insurance
Senior Life Insurance
30 Year Term Life Insurance
No Exam Life Insurance
20 Year Term Life Insurance
Renewable Term Life
10 Year Term Life Insurance
Adjustable Life Insurance
Short Term Life Insurance
Long Term Life Insurance
Return of Premium Life Insurance
Final Expense Insurance
Guaranteed Issue Life Insurance
Guaranteed Issue Whole Life
Joint Term Life Insurance
Variable Universal Life Insurance
Joint Life Insurance
Survivorship Life Insurance
First to Die Life Insurance
Second to Die Life Insurance
Cancer Life Insurance
Critical Illness Life Insurance
Joint Whole Life Insurance
Mortgage Life Insurance
Joint Life and Survivor Insurance
Mortgage Term Life Insurance
|Universal life insurance
is whole life and a form of cash value
life insurance where the insurance premiums and
amount of coverage are flexible. Generally, after
the first-year premiums, additional premiums and
coverage can be adjusted at the insured's discretion
assuming they are within the boundaries set by
the insurance company. Universal life insurance
is actually whole life insurance, but more flexible.
Generally, you pay a higher premium for this flexibility.
Universal life insurance as with whole life insurance
has an investment component as well as a death
benefit, but the policyholder, has the right to
increase or decrease the investment amount.
life insurance policies are attached to short-term
interest rates, often making their rate of return
higher than whole life, but this also means
you're at greater risk when interest rates drop.
|Mortgage Term Life Insurance
Mortgage Term Life Insurance covers you for
a specified term (from 10 to 30 years, typically).
If you die within the term, your beneficiary
receives the stated death benefit of the policy.
Mortgage Term Insurance normally requires no
medical underwriting as well. Mortgage term
life insurance is a reducing term life insurance
policy which guarantees that if you die your
mortgage will be paid in full. The coverage
decreases as the mortgage balance declines and
it is recommended for the borrower to have a
mortgage life insurance policy. Mortgage life
insurance provides a safety net for your family
should you or your spouse pass away and pays
out a guaranteed cash sum during if you die
the policy term or are diagnosed with a terminal
illness with less than 12 months to live within
|Free Auto Insurance Quote offered
through Affiliate Program at Alabama, Alaska,
Arizona, Arkansas, Connecticut, Delaware, District
of Columbia (Washington DC), Florida, Georgia,
Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas,
Kentucky, Louisiana, Maine, Maryland, Massachusetts,
Michigan, Minnesota, Mississippi, Missouri, Montana,
Nebraska, Nevada, New Hampshire, New Jersey, New
Mexico, New York, North Carolina, North Dakota,
Ohio, Oklahoma, California, Oregon, Pennsylvania,
Rhode Island, South Carolina, South Dakota, Tennessee,
Texas, Utah, Vermont, Virginia, Washington, West
Virginia, Wisconsin, and Wyoming.
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