Pre-requisites of Auto Insurance

Many people fall prey to the loyalty myth and fail to realize the benefits of switching between different auto insurance companies, over a period of time. If you have had an auto insurance policy for a long time now, you stand a good chance to get a highly competitive quote from a competitor insurance company.
In case you are a first timer and are under 25 years of age, you will have to pay higher premium in comparison to anyone with a previous insurance record. At the time of obtaining quotes for the auto insurance policies, you will be asked to decide on the excess or the deductible amount. This amount is the sum you'll have to pay the insurance company prior to them honoring your claim. The deductible amount and the premium amount are normally inversely proportional to each other.

The easiest medium to get extensive options for your auto insurance needs is internet as you will discover a wide variety of options with prices ranging from economical to skyrocketing. Good auto insurance never comes cheap, so you'll have to spend enough time on every option available.
The complications in auto insurance calculations are inevitably going to make your task even difficult. There are several factors that come into play during calculations, such as the area you reside in, what car-theft prevention devices you have installed, the make and year of your car etc. You can avail interesting discounts if you have good tracking and security systems (steering wheel disablers, car alarms, auto lock mechanisms etc.) installed in your car, however, they'll vary from company to company.
It is best to have one single auto insurance policy for all the vehicles in home, even if under the names of different owners. Having a single insurance policy will save you a lot of money in comparison to having them individually for your spouse and children.
Prior to making any investment in any type of auto insurance policy, you must be confident that you have weighed all other options considerably well. You definitely wouldn't want ending up paying for something you never wanted.

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3:53 PM | 0 comments

Life Insurance Pays What Someone would have to Pay

Someone always pays for life insurance. The head of the family, if insurable, pays for the life insurance with ta few dollars from their income. If they do not, and they die soon, then someone else inevitably ends up paying costs that would have been covered by Life Insurance.
The cost of life insurance isn't the problem. It is actually inexpensive and eventually profitable for our clients. Real costs are food, clothing, shelter, not to mention the loss of a parent's time with the family. The real cost in not knowing how to make ends meet and needing to continue to work instead of retiring.
There issues exact a heavy cost. Life Insurance policies are inexpensive by comparison. Ask you clients, "Do you want to make a big mistake or a little mistake?" The premium is the little mistake. Putting you family or business in jeopardy by dying without life insurance is the big mistake.

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1:04 PM | 0 comments

Life Insurance is a Fully Funded Contractual Will

Most of us know just how valuable Life Insurance can be, particularly for protecting your dependents against the financial hardship caused by the unexpected death of the main family breadwinner.
When looking for plans to provide the required cover, most people tend to focus solely on the monthly cost which may not provide a true indication of the best value over the required term.
Even when wills, work, they proceed through probate, incurring costs and opening your affairs to the scrutiny of the public. When wills don't work, your desires can be contested, at great cost, and can even be declared invalid. Life insurance 'wills' have none of these problems and even fully fund your estate for the determined value at the precise time it is needed.
Think about this: People surrender other assets and put proceeds into life insurance, which is fully funded contractual will. Few, if any, surrender life insurance to invest in stocks, bonds or real estate.
Perhaps the best way to obtain maximum value is to select the right type of plan to match the need. For example most people automatically select lump sum cover when setting up a life insurance policy for family protection. This type of plan is fine if you need to provide lump sums to pay off debts such as mortgages and loans etc. Family protection however is more about providing an income to replace that lost as a result of the death of the life assured. Having a lump sum is fine but where do you invest the lump sum to generate the required income? Will the income received be subject to tax and will the lump sum be sufficient to generate the required income for the required term?
For example term life insurance plans usually offer two types of premium, guaranteed and reviewable. As the name implies guaranteed premiums are just that. The premium is fixed at outset and cannot subsequently be changed by the insurer in the light of poor claims experiences. Reviewable premiums however are subject to a periodic review and therefore the premiums could be increased by the insurer if this class of insurance was subject to more claims than anticipated. Although guaranteed premium plans tend to cost slightly more initially than reviewable plans they are worth considering particularly for terms in excess of 10 years.

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1:22 PM | 0 comments