BUYHEREMARKET.COM
15 Insurance Policies You Don't Need
1. Private Mortgage Insurance
The infamous private mortgage insurance (PMI) is well known to homeowners because it increases the amount of their monthly mortgage payments. PMI is
an insurance policy that protects the lender against loss when lending to a higher-risk borrower. The borrower pays for this insurance but derives no benefit.
Fortunately, there are several ways to avoid paying for this unnecessary policy. PMI is required if you purchase a home with a down payment of less than
20% of the home's value. The small down payment is viewed as putting you at risk of defaulting on the loan. Put down at least 20% and the PMI requirement
goes away. Alternatively, you can put down 10% and take out two loans, one for 80% of the sale price of the property and one for 10%, although interests
rates can prevent the economics of this maneuver from working out in the homeowner's favor.
1. Private Mortgage Insurance
The infamous private mortgage insurance (PMI) is well known to homeowners because it increases the amount of their monthly mortgage payments. PMI is
an insurance policy that protects the lender against loss when lending to a higher-risk borrower. The borrower pays for this insurance but derives no benefit.
Fortunately, there are several ways to avoid paying for this unnecessary policy. PMI is required if you purchase a home with a down payment of less than
20% of the home's value. The small down payment is viewed as putting you at risk of defaulting on the loan. Put down at least 20% and the PMI requirement
goes away. Alternatively, you can put down 10% and take out two loans, one for 80% of the sale price of the property and one for 10%, although interests
rates can prevent the economics of this maneuver from working out in the homeowner's favor.
3. Automobile Collision
Collision insurance is designed to cover the cost of repairs to your vehicle if you are involved in an accident. If you have a loan out on the car, the loan
issuer is likely to require that you have collision insurance. If your car is paid off, collision is optional; therefore, if you have enough money in the bank to
cover the cost of a new car, collision insurance may be an unnecessary expense. This is particularly true if you are driving an old car, because cars
depreciate so quickly that many vehicles are worth only a fraction of their purchase price by the time the loan is paid in full.
4. Rental Car Insurance
Most auto insurance policies offer additional coverage for the cost of car rentals, touting it as a useful feature if your car is ever involved in an accident and
needs to spend some time in the repair shop. This may sound like a good idea, but in reality, most people rarely rent a car, and when they do, the cost is
relatively low and hardly worth insuring against. Although rental car insurance is relatively inexpensive, amortized over the course of a lifetime you are still
likely to spend far more than you will benefit.
5. Car Rental Damage Insurance
Many auto insurance policies already cover rentals, so there's no need to pay for this twice. Check your policy before you pay. Depending on where you rent
the vehicle, you may also be able to pay a small fee for insurance on your rental when you pick it up at the rental center. If this fee is less than what you'd pay
for a year in your old policy, choose the fee over the policy.
6. Flight Insurance
Flight insurance coverage is completely unnecessary. Despite media portrayal, airline accidents are relatively rare, and your life insurance policy should
already provide coverage in the event of a catastrophe. (For more information on life insurance, see How Much Life Insurance Should You Carry?, Life
Insurance Distribution And Benefits and Life Insurance Clauses Determine Your Coverage.)
7. Water Line Coverage
Water companies have made an aggressive push to sell policies that cover the repair of the water line that runs from the street to your house. The odds are
in your favor that you will never use this coverage, particularly if you live in a newer home. If you live an average suburban neighborhood and you do need
to repair the water line, the distance to the street is short, the likelihood of a problem is low and repair costs are a few thousand dollars or less. The same
goes for policies offered by other utility companies.
8. Life Insurance for Children
Life insurance is designed to provide a safety net for your heirs/dependents. Because children don't have heirs to worry about and, statistically speaking,
most kids will grow up safe and healthy, most parents should not purchase life insurance for their kids. Instead, use the money that you would have spent on
life insurance to fund an education plan or an individual retirement account (IRA). (To read more on saving money for your kids, see Investing In Your Child's
Education, Teaching Your Child To Be Financially Savvy and Don't Forget The Kids: Save For Their Education And Retirement.)
9. Flood Insurance
Unless you live in a flood plain or an area with a history of water problems, don't even bother buying flood insurance. If none of the homes in the area has
ever been flooded, yours is unlikely to be the first.
10. Credit Card Insurance
Purchasing coverage to pay your credit card bill in the event you cannot pay it is a waste of money. A far better idea is to avoid running up your credit cards
in the first place, so you won't need to worry about the bills. Not only do you not save on the insurance premiums, you'll also save the interest on your debt.
11. Credit Card Loss Insurance
Federal law limits your liability if your credit card is stolen. Your out-of-pocket costs are limited to $50 per card and not a penny more. In fact, many credit
card companies don't even try to collect the $50.
12. Mortgage Life Insurance
Mortgage life insurance pays off your house in the event of your death. Rather than add another policy - and another bill - to your list of insurance plans, it
makes more sense to get a term-life policy instead. A good life insurance policy will provide enough money to pay off the mortgage and to cover other
expenses as well. After all, the mortgage isn't the only bill your survivors will need to pay.
13. Unemployment Insurance
This coverage makes minimum payments on your bills if you are out of work, which sounds like an attractive proposition. A better plan is to save your money
and build up an emergency fund instead. You won't have to cover the cost of the insurance policy and, if you are never out of work, you won't spend any
money at all. (Find out how to create an emergency fund in Build Yourself An Emergency Fund.)
14. Disease Insurance
Policies are available to cover cancer, heart disease and other maladies. Instead of trying to identify every possible disease that you may encounter, get a
good medical coverage policy instead. This way, your medical bills will be covered regardless of the problem you face.
15. Accidental-Death Insurance
Unless you are extraordinarily accident prone, an accident is unlikely. Major catastrophes such as car wrecks and fires are covered under other policies, as
is any harm that comes to you while at work. Accidental-death policies are often fraught with stipulations that make them difficult to collect on, so skip the
hassles and get life insurance instead.
When Choosing Insurance
There are so many policies to chose from, and they all cost money. While a certain amount of insurance coverage is necessary and prudent, you need to
choose carefully. In general, broad policies that offer coverage for a multitude of potential events are a better choice than limited-scope policies that focus on
specific diseases or potential incidents. Before you buy any policy, read it carefully to make sure that you understand the terms, coverage and costs. Don't
sign on the dotted line until you are comfortable with the coverage and are sure that you need it.
1. Private Mortgage Insurance
The infamous private mortgage insurance (PMI) is well known to homeowners because it increases the amount of their monthly mortgage payments. PMI is
an insurance policy that protects the lender against loss when lending to a higher-risk borrower. The borrower pays for this insurance but derives no benefit.
Fortunately, there are several ways to avoid paying for this unnecessary policy. PMI is required if you purchase a home with a down payment of less than
20% of the home's value. The small down payment is viewed as putting you at risk of defaulting on the loan. Put down at least 20% and the PMI requirement
goes away. Alternatively, you can put down 10% and take out two loans, one for 80% of the sale price of the property and one for 10%, although interests
rates can prevent the economics of this maneuver from working out in the homeowner's favor.
1. Private Mortgage Insurance
The infamous private mortgage insurance (PMI) is well known to homeowners because it increases the amount of their monthly mortgage payments. PMI is
an insurance policy that protects the lender against loss when lending to a higher-risk borrower. The borrower pays for this insurance but derives no benefit.
Fortunately, there are several ways to avoid paying for this unnecessary policy. PMI is required if you purchase a home with a down payment of less than
20% of the home's value. The small down payment is viewed as putting you at risk of defaulting on the loan. Put down at least 20% and the PMI requirement
goes away. Alternatively, you can put down 10% and take out two loans, one for 80% of the sale price of the property and one for 10%, although interests
rates can prevent the economics of this maneuver from working out in the homeowner's favor.
3. Automobile Collision
Collision insurance is designed to cover the cost of repairs to your vehicle if you are involved in an accident. If you have a loan out on the car, the loan
issuer is likely to require that you have collision insurance. If your car is paid off, collision is optional; therefore, if you have enough money in the bank to
cover the cost of a new car, collision insurance may be an unnecessary expense. This is particularly true if you are driving an old car, because cars
depreciate so quickly that many vehicles are worth only a fraction of their purchase price by the time the loan is paid in full.
4. Rental Car Insurance
Most auto insurance policies offer additional coverage for the cost of car rentals, touting it as a useful feature if your car is ever involved in an accident and
needs to spend some time in the repair shop. This may sound like a good idea, but in reality, most people rarely rent a car, and when they do, the cost is
relatively low and hardly worth insuring against. Although rental car insurance is relatively inexpensive, amortized over the course of a lifetime you are still
likely to spend far more than you will benefit.
5. Car Rental Damage Insurance
Many auto insurance policies already cover rentals, so there's no need to pay for this twice. Check your policy before you pay. Depending on where you rent
the vehicle, you may also be able to pay a small fee for insurance on your rental when you pick it up at the rental center. If this fee is less than what you'd pay
for a year in your old policy, choose the fee over the policy.
6. Flight Insurance
Flight insurance coverage is completely unnecessary. Despite media portrayal, airline accidents are relatively rare, and your life insurance policy should
already provide coverage in the event of a catastrophe. (For more information on life insurance, see How Much Life Insurance Should You Carry?, Life
Insurance Distribution And Benefits and Life Insurance Clauses Determine Your Coverage.)
7. Water Line Coverage
Water companies have made an aggressive push to sell policies that cover the repair of the water line that runs from the street to your house. The odds are
in your favor that you will never use this coverage, particularly if you live in a newer home. If you live an average suburban neighborhood and you do need
to repair the water line, the distance to the street is short, the likelihood of a problem is low and repair costs are a few thousand dollars or less. The same
goes for policies offered by other utility companies.
8. Life Insurance for Children
Life insurance is designed to provide a safety net for your heirs/dependents. Because children don't have heirs to worry about and, statistically speaking,
most kids will grow up safe and healthy, most parents should not purchase life insurance for their kids. Instead, use the money that you would have spent on
life insurance to fund an education plan or an individual retirement account (IRA). (To read more on saving money for your kids, see Investing In Your Child's
Education, Teaching Your Child To Be Financially Savvy and Don't Forget The Kids: Save For Their Education And Retirement.)
9. Flood Insurance
Unless you live in a flood plain or an area with a history of water problems, don't even bother buying flood insurance. If none of the homes in the area has
ever been flooded, yours is unlikely to be the first.
10. Credit Card Insurance
Purchasing coverage to pay your credit card bill in the event you cannot pay it is a waste of money. A far better idea is to avoid running up your credit cards
in the first place, so you won't need to worry about the bills. Not only do you not save on the insurance premiums, you'll also save the interest on your debt.
11. Credit Card Loss Insurance
Federal law limits your liability if your credit card is stolen. Your out-of-pocket costs are limited to $50 per card and not a penny more. In fact, many credit
card companies don't even try to collect the $50.
12. Mortgage Life Insurance
Mortgage life insurance pays off your house in the event of your death. Rather than add another policy - and another bill - to your list of insurance plans, it
makes more sense to get a term-life policy instead. A good life insurance policy will provide enough money to pay off the mortgage and to cover other
expenses as well. After all, the mortgage isn't the only bill your survivors will need to pay.
13. Unemployment Insurance
This coverage makes minimum payments on your bills if you are out of work, which sounds like an attractive proposition. A better plan is to save your money
and build up an emergency fund instead. You won't have to cover the cost of the insurance policy and, if you are never out of work, you won't spend any
money at all. (Find out how to create an emergency fund in Build Yourself An Emergency Fund.)
14. Disease Insurance
Policies are available to cover cancer, heart disease and other maladies. Instead of trying to identify every possible disease that you may encounter, get a
good medical coverage policy instead. This way, your medical bills will be covered regardless of the problem you face.
15. Accidental-Death Insurance
Unless you are extraordinarily accident prone, an accident is unlikely. Major catastrophes such as car wrecks and fires are covered under other policies, as
is any harm that comes to you while at work. Accidental-death policies are often fraught with stipulations that make them difficult to collect on, so skip the
hassles and get life insurance instead.
When Choosing Insurance
There are so many policies to chose from, and they all cost money. While a certain amount of insurance coverage is necessary and prudent, you need to
choose carefully. In general, broad policies that offer coverage for a multitude of potential events are a better choice than limited-scope policies that focus on
specific diseases or potential incidents. Before you buy any policy, read it carefully to make sure that you understand the terms, coverage and costs. Don't
sign on the dotted line until you are comfortable with the coverage and are sure that you need it.
Casualty Insurance ------------- BUYHEREMARKET.COM
A broad category of coverage against loss of property, damage or other liabilities. Casualty insurance includes vehicle insurance, liability insurance, theft insurance and elevator insurance.
An important type of casualty insurance for businesses is workers' compensation insurance, which protects a company from liabilities that arise when a worker is injured on the job. For homeowners
or car owners, it's important to have casualty insurance as damage can end up being a large expense
Do You Need Casualty Insurance?
is generally defined as a form of risk management, where risk is transferred from oneentity to another in exchange for a premium. Casualty insurance, like property insurance, insures against loss
and/or damage of property. The difference is that casualty insurance covers loss that is a result of direct accident, while property insurance covers events, such as theft or burglary
This article will focus on three major types of casualty insurance:
Vehicle insurance ------------------------ KNOWLEDGEFINANCIAL.COM
Flood insurance
Liability insurance
Vehicle Insurance
Vehicle or auto insurance is designed to protect a driver's car, truck, motorcycle and other vehicles against losses sustained from events like traffic accidents. You agree to pay the premium, and in
the event of an accident, the insurance company agrees to pay your losses as defined in your policy. In most states, except Wisconsin and New Hampshire, having auto insurance is compulsory
Vehicle insurance has the following six types of coverage:
1. Bodily Injury Liability: If you, the policyholder, are involved in a traffic accident and the other driver is injured, bodily injury liability takes care of the medical costs for the injured party. This kind of
coverage is beneficial because you are protected from the risk of being sued.
2. Personal Injury: This coverage is like the bodily injury coverage, but the difference is that it pays for the injury to you, the policyholder, and any passengers in your car.
3. Property Damage: This coverage pays for any damage caused to someone else's property due to an accident. Property includes the other party's car, telephone poles, fences, lampposts,
garages, trash cans, buildings or any other items hit during the accident.
4. Collision: This coverage covers any damages inflicted on your car from a collision with another car, flipping over or even hitting a pothole. If you are at fault for the accident, the insurance company
will pay you back the cost of repairing your car less the deductible. If you are not at fault, the insurance company will try to recover the amount they pay you from the other driver's insurance company.
If they are successful in recovering the money, the insurance company might even reimburse you the deductible.
5. Comprehensive: Comprehensive coverage is a very popular type of insurance coverage. It repays you for loss or damages due to any other event besides traffic accidents, like theft, fire, flood,
earthquake, contact with animals, etc. As with any other coverage, the higher the deductible, the lower the premium paid.
6. Uninsured Motorist Coverage: This coverage protects you, your family members or someone driving your car with your permission if one of you is hit by an at-fault, uninsured driver. ---------------
KNOWLEDGEFINANCIAL.COM
A broad category of coverage against loss of property, damage or other liabilities. Casualty insurance includes vehicle insurance, liability insurance, theft insurance and elevator insurance.
An important type of casualty insurance for businesses is workers' compensation insurance, which protects a company from liabilities that arise when a worker is injured on the job. For homeowners
or car owners, it's important to have casualty insurance as damage can end up being a large expense
Do You Need Casualty Insurance?
is generally defined as a form of risk management, where risk is transferred from oneentity to another in exchange for a premium. Casualty insurance, like property insurance, insures against loss
and/or damage of property. The difference is that casualty insurance covers loss that is a result of direct accident, while property insurance covers events, such as theft or burglary
This article will focus on three major types of casualty insurance:
Vehicle insurance ------------------------ KNOWLEDGEFINANCIAL.COM
Flood insurance
Liability insurance
Vehicle Insurance
Vehicle or auto insurance is designed to protect a driver's car, truck, motorcycle and other vehicles against losses sustained from events like traffic accidents. You agree to pay the premium, and in
the event of an accident, the insurance company agrees to pay your losses as defined in your policy. In most states, except Wisconsin and New Hampshire, having auto insurance is compulsory
Vehicle insurance has the following six types of coverage:
1. Bodily Injury Liability: If you, the policyholder, are involved in a traffic accident and the other driver is injured, bodily injury liability takes care of the medical costs for the injured party. This kind of
coverage is beneficial because you are protected from the risk of being sued.
2. Personal Injury: This coverage is like the bodily injury coverage, but the difference is that it pays for the injury to you, the policyholder, and any passengers in your car.
3. Property Damage: This coverage pays for any damage caused to someone else's property due to an accident. Property includes the other party's car, telephone poles, fences, lampposts,
garages, trash cans, buildings or any other items hit during the accident.
4. Collision: This coverage covers any damages inflicted on your car from a collision with another car, flipping over or even hitting a pothole. If you are at fault for the accident, the insurance company
will pay you back the cost of repairing your car less the deductible. If you are not at fault, the insurance company will try to recover the amount they pay you from the other driver's insurance company.
If they are successful in recovering the money, the insurance company might even reimburse you the deductible.
5. Comprehensive: Comprehensive coverage is a very popular type of insurance coverage. It repays you for loss or damages due to any other event besides traffic accidents, like theft, fire, flood,
earthquake, contact with animals, etc. As with any other coverage, the higher the deductible, the lower the premium paid.
6. Uninsured Motorist Coverage: This coverage protects you, your family members or someone driving your car with your permission if one of you is hit by an at-fault, uninsured driver. ---------------
KNOWLEDGEFINANCIAL.COM
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(RN) - Start Your Patient Care &
Therapy ETC. LEARN MORE... b-
spot..
=====
'' Nursing & Nurses - //'Health
Care Opportunity - Health Care
Employment 10 Reasons to
Become a Nurse'' / The Career
by Excellence - One Of The
Most respectful Career
==
Cholesterol -=
20 Best Cancer Fighting Foods -
Cancer can be cured with a
nutritious. (Nursing)
''NURSING AND MEDICAL
CAREER: HERE YOU CAN FIND
A BETTER WAY TO START A
NURSING CAREER, OR
ADVANCE YOUR NURSING
CAREER TO HIGHER LEVEL...
NURSING PROGRAMS FROM A
TO Z. ” Introduction to The Best
Nursing And Medical Programs...
(NOA)
'' Boards of Nursing in the
United States And Canada:
State-by-State Web Links, Apply
For A License, Renew A License,
Continue Education, License
Verification.. (N.O.A.)
'' Motivational - Inspirational:
HERE ARE..'' ''Inspirational
Words Of Wisdom -
''Encouragement - Friendship
-''Life -
Love - SEX - Relationships -
Faith - Forgiveness Positive
Thoughts - Motivation - Marriage
- Dating. (Education)
'' Ten (10) Anti-Cancer Foods
You Should Always Eat:=
According to Department of
Health, cancer currently ranks
as one of the major cause of
mortality and morbidity...
(Health Care) READ MORE...
'' The Ten (10) Commandments
for a Younger looking You! Ways
To Look Forever Young... Age is
just a number. You’ll find lots
men and women, it could be
hard for you to believe their age.
.. Ways To Stay Young, Look
Young, Feel Young!
'' Medical Education and training.
--
Nursing Scholarships and
Grants. FREE MONEY to
advance your in the medical
field. Financial Aid: Nursing
Scholarships and Grants-
'' Nursing Credentials and
Courses: Everything You Need
to Know About Nursing
Programs... From (LPN) TO (RN}
TO {BSN) TO {MSN} And Much
More..
'' The medical and the nursing
industry: Good Stuffs you may
not know yet. Learn them now -
Right Here - Right now..
Advanced Practice Nurse (APN),
Clinical Nurse
Specialist (CNS) , Nurse
Administrator / Manager ,
Nurse Anesthetist (CRNA),
Nurse Consultant,
Nurse Educator, Nurse Midwife,
Nurse Practitioner
(NP), Nurse Researcher. READ
MORE...
'' Health Care And Nursing Blog:
Tips on Healthy Eating .
Healthy is not delicious. Usually
what's good for the mouth is not
always good for the body; Vice a
Versa, What's good for the body
not always taste good in the
mouth... (Tblr)
'' History of Nursing In America /
Nursing Alliance / Nurses Of
America. Have you been
thinking about pursuing a career
in health care Or Advancing
Your Career In Health Care?
Now is the time to stop thinking
and start moving toward your
goal. “The economy goes up,
the economy goes down, but
people will always need health
care,” WP
'' Start Your Medical Assisting
Education - Start your LPN
License Practical Nurse
Education - Start Your Medical
Billing & Coding - Dental
Assisting or Dental Hygiene -
Start Your Registered Nurse
(RN) - Start Your Patient Care &
Therapy ETC. LEARN MORE... b-
spot..
=====
'' Nursing & Nurses - //'Health
Care Opportunity - Health Care
Employment 10 Reasons to
Become a Nurse'' / The Career
by Excellence - One Of The
Most respectful Career
==
'' Check Out Insurance Of
America's Tumblr Page ''-
'' Like Us, Insurance Of
America Is On Facebook.
'' Check Out Insurance Of
America's Blogs.' WP
'' Follow Insurance Of
America Is On Twitter.'
'' Find Us: Insurance
Alliance Of America Is On
Facebook.'
Connect With Insurance Of
America Is On LinkedIn .-
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America on blogspot.'
'' Social Media -
AssuranceOfAmerica, Great
Stuffs.fb
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Personal Page, Excellent...
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'' Follow Insurance Of
America Is On Twitter.'
'' Find Us: Insurance
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Facebook.'
Connect With Insurance Of
America Is On LinkedIn .-
''Insurance Alliance Of
America on blogspot.'
'' Social Media -
AssuranceOfAmerica, Great
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FACEBOOK.COM/FinancialAcademySchool
'' Insurance Of America //- Life Insurance - Health Care Insurance //- Long-Term Care Insurance //-
Insurance 101 //- Nurses Of America - ''
Medical Resources //- Nursing & Nurses - //' ' Long-Term Care Insurance Blog - //'' Life Insurance Blog //-
Health Care Insurance Blog -//
Nurses & Medical Blog - // '' Copays, Co-payment, Deductibles and Coinsurance, Premiums, Out-Of-Pocket.
HMO, PPO, EPO & POS .. All Well Defined, And Explained For Better Understanding...
Insurance 101 //- Nurses Of America - ''
Medical Resources //- Nursing & Nurses - //' ' Long-Term Care Insurance Blog - //'' Life Insurance Blog //-
Health Care Insurance Blog -//
Nurses & Medical Blog - // '' Copays, Co-payment, Deductibles and Coinsurance, Premiums, Out-Of-Pocket.
HMO, PPO, EPO & POS .. All Well Defined, And Explained For Better Understanding...
| Life Insurance When you have financial obligations and it is uncertain whether you will be able to pay them off prior to your death, you should buy life insurance. Life insurance protects your family from your financial obligations and ensures that your debts will be paid off if you die before you're able to pay them. Call us today, and ask how a Life Insurance policy could benefit you and your family today. |
| Life Insurance South Florida we can help, and we can satisfy your needs and your family needs Personalized advice based on your specific needs. Possibly Significant savings on your insurance policy. An extensive alternative of reputable companies in order to choose the one that best fits your needs. The highest level of integrity and reliability. Technical expertise with us. Commitment to offering the utmost quality of service. |
| Life Insurance Our goal is to meet the insurance needs of our customers in all areas Our team experience, passion and desire to leave a legacy to form a strong foundation made up of their exceptional staff, dedication to customer satisfaction, work ethic, morals, and knowledge. ------------------------------- Our team is here to demonstrate unmatched loyalty, dedication and persistence. |
| It is important to obtain Life Insurance because basically it can replace your income if you die before your dependents. You may want your children to go to college and your family to enjoy a certain kind of lifestyle, even if you die prematurely. But, if you are the primary source of income for your family, they may not be able to afford it if you die, and do not have enough savings to cover expenses. SOUTH FLORIDA, Call us and see how affordable life insurance could be. 786-631-7740 Insurance benefits vary according to the purchased plan |
| What are the Advantages to Having Life Insurance? Life insurance can be an important asset to have, no matter where you are in life. If you have a family of your own, or even you're single, life insurance can help your family survive financially, if they didn't have your income to support them any longer. And for retirees, life insurance can benefit surviving family members, can be used to support any funeral expenses, or, for some kinds of life insurance, can be used to fund activities like college tuition or a down payment on a house. No matter where you are in life, you probably can find positives to having life insurance. And you can discuss your situation with an agent at a life insurance company to figure out what is the best plan for your life. Here are some strong advantages to having life insurance: Death in the family can leave members insecure emotionally and financially and uncertain about their future. But having term or permanent life insurance can smooth over the transition and provide your family with financial assistance as they adjust - potentially to a new income level, especially if you are the primary supporter of the family. If you and your spouse are planning to support your children's college education in the future, life insurance can allow your spouse to still achieve this goal if something were to happen to you. Funeral expenses can set any family back, no matter if you are young and single or retired and married. Costs for services can fluctuate greatly depending on if you're cremated, buried, have a full funeral service or just a gravesite gathering. Even if you don't have any other reasons for life insurance, researching a term life insurance quote just for funeral expenses can help your family out. As you grow older and accumulate more property or expand your estate, you might want to investigate the taxes your heirs would be assessed upon your death. It would be an advantage for your heirs if you had life insurance to cover those inheritance taxes so they wouldn't have to come up with the money themselves, or sell some of the estate. ---------------------------- Life insurance is an important financial tool that could benefit you at many different stages in your life. Consider setting up an appointment with an agent to discuss the advantages life insurance can provide you. SOUTH FLORIDA, CONTACT THE INSURANCE REPRESENTATIVE FOR MORE INFO... |
Universal Life Insurance:
The universal life insurance policy is for long-term
protection with options for insuring multiple people
under one policy.
The universal life insurance policy
has a guaranteed death benefit no matter when you die
and you can also add your children to the policy while
they are still young at an additional charge.
The policy has the option to create a plan to care for a
loved one who has special needs.
Some options of this policy provide a supplemental
income option where you can receive distributions
from your life insurance policy as a way to add to your
retirement income.
You can add an option to have your premiums paid if
you become disabled for an additional cost.
Variable Universal Life Insurance:
Variable life insurance policies offer you the potential to
build cash value to your life insurance policy.
The variable life insurance policy
options offer a guaranteed death benefit no matter
when you die. This option offers you the potential to
grow the cash back value of your life insurance policy.
This policy also allows you to add optional protection
options such as additional benefits if you die as the
result of an accident.
The universal life insurance policy is for long-term
protection with options for insuring multiple people
under one policy.
The universal life insurance policy
has a guaranteed death benefit no matter when you die
and you can also add your children to the policy while
they are still young at an additional charge.
The policy has the option to create a plan to care for a
loved one who has special needs.
Some options of this policy provide a supplemental
income option where you can receive distributions
from your life insurance policy as a way to add to your
retirement income.
You can add an option to have your premiums paid if
you become disabled for an additional cost.
Variable Universal Life Insurance:
Variable life insurance policies offer you the potential to
build cash value to your life insurance policy.
The variable life insurance policy
options offer a guaranteed death benefit no matter
when you die. This option offers you the potential to
grow the cash back value of your life insurance policy.
This policy also allows you to add optional protection
options such as additional benefits if you die as the
result of an accident.
| Get Protected With A Great Life Insurance Policy You're about to take a big step toward providing your family with life insurance here we've helped many people secure that protection for longtime and we plan to continue to do so for many years to come... A life insurance death benefit can help satisfy your mortgage obligations and other debts, pay your children's college, pay the funeral expenses, stopping your family from crying twice; one because you gone, second because of the financial troubles you left behind -- all in the face of the unexpected. Let's get started. |
Is Universal Life Insurance a
Good Investment?
While life insurance is an essential part of a financial
plan when beneficiaries are involved, some financial
advisers would recommend using certain types of
insurance as investment tools.
Universal life insurance is often promoted
as a combination of life insurance and investing, but it
may not be the best option for you as an investor
---------------------------
How Universal Life Insurance Works
Universal life insurance is a hybrid
life insurance product that combines a death
benefit and investing.
When you pay premiums to the insurance company,
your money goes into a universal life insurance
account.
This money is invested and earns a return on the
investment. Your insurance premiums come out of this
account.
If you do not pay your premiums, they will simply come
out of the investment returns of your universal life
insurance account.
Good Investment?
While life insurance is an essential part of a financial
plan when beneficiaries are involved, some financial
advisers would recommend using certain types of
insurance as investment tools.
Universal life insurance is often promoted
as a combination of life insurance and investing, but it
may not be the best option for you as an investor
---------------------------
How Universal Life Insurance Works
Universal life insurance is a hybrid
life insurance product that combines a death
benefit and investing.
When you pay premiums to the insurance company,
your money goes into a universal life insurance
account.
This money is invested and earns a return on the
investment. Your insurance premiums come out of this
account.
If you do not pay your premiums, they will simply come
out of the investment returns of your universal life
insurance account.
What Is Guaranteed
Universal Life Insurance?
Guaranteed universal life insurance is a particular
type of life insurance that offers a guarantee on the
death benefit proceeds of the policy. A guaranteed
universal life, called guaranteed UL, ensures that
your death benefit will not terminate if there is
insufficient cash value to support the death benefit.
Because ordinary universal life insurance must have
cash value to stay in force, the guaranteed UL allows
policies that would otherwise lapse to remain in force
so that the beneficiary receives the death benefit that
they are entitled to.
----------------------------
Benefits
Guaranteed UL policies give you death benefits that
you can depend on. Even if the cash value drops
significantly, or there is no cash value remaining in
the cash value account, the policy will remain in force.
This is significant because, ordinarily, insurance
costs are deducted from the cash value. If there is no
cash value, the policy lapses.
Drawbacks
You must pay at least the target premium to keep the
policy in force under the guarantees. The target
premium is the minimum amount of premium
required to keep the death benefit in force. With
guaranteed ULs, this premium could be substantially
more than the minimum premium allowed on the
policy.
Considerations
Make sure you understand that guaranteed UL
policies are not meant to build cash value.
Guaranteed UL policies also have very specific terms
that must be met in order for the guarantees to be
valid.
Generally, premiums must be paid on time and the
target premium represents the new minimum
premium for the guaranteed death
Universal Life Insurance?
Guaranteed universal life insurance is a particular
type of life insurance that offers a guarantee on the
death benefit proceeds of the policy. A guaranteed
universal life, called guaranteed UL, ensures that
your death benefit will not terminate if there is
insufficient cash value to support the death benefit.
Because ordinary universal life insurance must have
cash value to stay in force, the guaranteed UL allows
policies that would otherwise lapse to remain in force
so that the beneficiary receives the death benefit that
they are entitled to.
----------------------------
Benefits
Guaranteed UL policies give you death benefits that
you can depend on. Even if the cash value drops
significantly, or there is no cash value remaining in
the cash value account, the policy will remain in force.
This is significant because, ordinarily, insurance
costs are deducted from the cash value. If there is no
cash value, the policy lapses.
Drawbacks
You must pay at least the target premium to keep the
policy in force under the guarantees. The target
premium is the minimum amount of premium
required to keep the death benefit in force. With
guaranteed ULs, this premium could be substantially
more than the minimum premium allowed on the
policy.
Considerations
Make sure you understand that guaranteed UL
policies are not meant to build cash value.
Guaranteed UL policies also have very specific terms
that must be met in order for the guarantees to be
valid.
Generally, premiums must be paid on time and the
target premium represents the new minimum
premium for the guaranteed death
Custom Search
| What is Dividend Paying Whole Life Insurance? Whole life insurance is a type of permanent or “cash value” life insurance that provides benefits for the “whole” of your life (versus term insurance that only lasts for a specific period of time). Some companies offer dividend paying whole life insurance policies which means the policies pay dividends. These policies are also known as participating whole life insurance, because the policy owners participate in the profits generated by the company. Dividends are not guaranteed, however some companies have paid them every single year for over 160 years, including during the Great Depression. You can use your dividends in a variety of ways – you can take them in cash, leave them to accumulate interest, or use them to purchase “paid-up additional insurance,” which will increase your policy’s face amount or death benefit. Whole life policies have a guaranteed, pre-set annual cash value increase. The guaranteed increases are based on a “worst-case” financial results scenario projected by the insurance company. In a participating policy, at the end of the year, the company does an accounting of the death claims paid, their earnings, and the expense of running the company and the premiums it collected. If they did better than their worst-case projection, they pay the policy owners a dividend. |
| In a dividend paying whole life policy, both your cash value and your death benefit grow by an exponentially increasing amount No two policies are alike. Yours would be custom tailored to help you reach as many of your short-term and long-term goals and dreams as possible, in the shortest time possible. |
