Debt is a part of life, but when debts careen beyond control to a point where you can no longer repay, filing for personal bankruptcy is a way out. However, before you file for bankruptcy, there are important repercussions you should consider, especially facts related to your life insurance premiums.Bankruptcy and life insuranceIf you own an existing life insurance policy, it is usually left untouched by the bankruptcy court, to protect the...more
Buying life insurance requires a lot of thought and planning. For most people, the choice is between a permanent life policy and a term life policy. Heres a bit of information on permanent life insurance to help you make a better-informed decision.Permanent life explainedPermanent life insurance will remain in effect until the insured dies, after which the death benefits will be paid out to the beneficiaries. The premiums on permanent life are...more
When you apply for a life insurance quote online, or when you are filling up a life insurance policy application form, you will be asked which rate class you wish to apply for. What exactly is life insurance rate? It is the price you have to pay monthly, quarterly or annually for life insurance coverage.The underwriting process and life insurance rate classesThere are several rate classes, and every person who applies for life insurance wants to qualify for the best rate class so that their premiums are kept low. However, other than going over the criteria for different rate classes, and determining which one you qualify for, there is little you can do than hope that you qualify for a good rate class.The rate class is determined after an underwriting process. During this process, the outcome of your physical exam, along with supporting health and other documents, your driving history, family health history, your age, sex, lifestyle habits and the nature of your profession is scrutinized closely. Remember never to lie on your life insurance application because if your lie is unearthed, it could permanently affect your chances of getting a life insurance policy. The...more
Every year, the average American receives around $2500 in tax rebates (checks from the IRS with advance tax paid by you over the amount that you owe the IRS). With President Obamas new stimulus tax breaks, this amount is likely to be higher in the coming years.The average American treats the tax rebate check as free spend money, not realizing that...more
How a Regular Everyday Mom Took on a Marathon and Modified Her Life When the birth of my second kid, my husband's job needed that we move across the country. I suddenly found myself in an unfamiliar state with no real shut friends. I fought bouts of depression and struggle to lose that stubborn pounds left over from pregnancy. I knew I...more
Why You Will Need to Obtain a Individual Mortgage Life Insurance Policy You assumed that you were finished signing all of the forms for your new property, and then abruptly your real estate agent hands you a mountain of insurance protection documents that require you to confirm you're in good health and offering to settle your bank loan in case of your demise. Like most of us, you go forward and enroll thinking little of the added expense. After all, in comparison to what you have already taken on with your brand-new mortgage, it's pennies. However, that was an error. What you did not understand was that if you'd taken time to obtain a individual mortgage life insurance quote from a completely independent provider, it would have likely cost substantially less, as well as provided protection designed to protect your family members. Rather, you have enrolled in a policy tailored by your loan company to protect their own needs, definitely not yours.Whenever you buy mortgage life insurance from your mortgage company, you are enrolling in a group plan between the mortgage company and an insurance vendor. You and your loved ones aren't the main focus of this insurance coverage; it...more
Obesity health insurance: Take Advantage of Various Health Insurance Policies and Make Your Life Secure Health Insurance schemes play a major role in the life of a person. Various health insurance schemes help people to deal with their health...more
The automotive industry is one among the most booming industries in the world. It has not only left mark only on the economy but also on the world cultures. The automotive industry is greatly involved in the manufacturing, designing, developmenting,...more
Everything in life is uncertain that people should prepare for any eventuality. In fact, the only things certain in life are taxes and death. One or both of these things are bound to happen at some point in a person's life. While taxes will always be...more
My father died when I was nine. He left behind my mother and four children aged between seventeen years and nine and no money. Sure I missed him but at nine I didn't really have much idea about death or loss. I know it sounds selfish but what I...more
How to Get Term Life Insurance Quotes Term life insurance policies are gaining popularity day be day because of the cheap premium rate. As compared to whole life insurances, term life insurance policies need less investment since they don't...more
The most inexpensive type of life insurance has always been term life insurance, at least since it arrived on the market in the 1970s. But even while the insurance itself is the cheapest life insurance you are able to buy, there are several ways to...more