Like most other things, getting the best insurance deal does not necessarily mean that it will be the cheapest option. Sure, everyone likes to get a good deal and occasionally you may come across a bargain but most of the time, when it comes to life insurance, those deals are few and far between. A cheap or bargain policy usually has so many strings attached that it seldom is the best option in the long run. To understand how to find the best...more
While no one wants to think about their own demise, having life insurance in place is a good strategy to protect those you leave behind. The Electronic Age means that shopping for life insurance online is an easy and convenient way for you to find the coverage you need to protect your family. Life insurance is something that all adults should consider having in place. Many people think that it's only for people who have young children, but...more
If you are looking for life insurance quotes, you have a few options available to you. One of them is to contact an independent insurance agent for help. You can also contact the insurance company directly and set up an appointment to meet with a representative. The third option is to get a quote online.Working with an independent insurance agent has several benefits. These highly-trained professionals can sit down with you to determine what level of coverage you need. They can also explain the different types of coverage available and answer any questions you have. The agent can walk you through the application process and is available as a contact person if you need clarification about anything after the policy has been issued.The second option available to a prospective insurance company customer is to contact the companies you are interested in and ask to meet with a representative. Company sales representatives can share information about their own company's products and answer any questions the consumer may have.Unlike an independent insurance agent, a company sales representative can only discuss that particular organization's products. Choosing this approach to...more
The current economic scenario in our country has been tough. Existing personal debts, compounded by lay-offs and/or stagnated salaries combined with the rising cost of living are plunging millions of Americans into further debt. According to official statistics, personal debt has risen from 65 percent of income in 1980 to 125 percent today. The...more
Even though the recession is slowly churning over, many of us are still grappling with low salaries or lost jobs, some of us have lost homes, and some of us are struggling to make ends meet. The only ways to stay afloat are by cutting down on spending, and exploring cheaper alternatives on all our purchases.Term life insurance is however,...more
If you are in the market to buy a home or already have a mortgage account, you are probably looking for ways to protect your loved ones from future mortgage debt, in the event of your death. The most common options are mortgage life insurance policy and term life insurance.Term life insuranceA term life policy is an insurance policy that you independently take out with a life insurance company, with the idea that a part or all of the proceeds be used to pay off your mortgage. You name a beneficiary, usually your dependants, who are instructed to use the money to settle your mortgage account. Your beneficiaries can retain any left over amounts.Mortgage life insuranceA mortgage life insurance policy is not offered by a life insurance company, but by banks and other financial institutions that have your mortgage. The financial institution is the beneficiary, and the product is designed to have level premiums with decreasing death benefits. Usually mortgage life insurance doesnt require a medical exam.Disadvantages of mortgage life insuranceMortgage life insurance coverage decreases with time:The amount of cover decreases in parallel with the amount outstanding on your mortgage....more
Kota Kinabalu is the capital city of Borneo Islands Sabah Division. It is a thriving Malaysian industrial hub facing the South China Sea on one side against the majestic backdrop of Mount Kinabalu; a city with immense natural beauty. The Lok Kawi...more
When setting up a life insurance plan you can usually choose any amount of insurance youd like. So, how do you choose the right amount for you? Well look at five key areas people consider when choosing the right amount of life insurance....more
TrustsWhen taking out a life insurance policy it is advisable to write the policy under trust. This ensures that the policy will payout to the correct people, at the correct time in the correct amounts. Trusts can be complicated so it is advisable to...more
Having a joint life insurance policy can bring upon peace of mind to couples and can as well prove cheaper than having two separate life insurance policies. A joint policy is for a specified period to begin with and is derived from two lives that can...more
I, for one, hope that online sales of life and health insurance never takes off in Calgary and across Canada. Insurance is complicated, and clients need an advisor to guide them and explain how their insurance will work. Designing the best plan for...more
Few costs are not covered by traditional or medical insurance, which includes expenses of long term care services. Hence, it explains the introduction of Log Term Care insurance. This includes cover for daily activities that can include anything like...more