Long term insurance is mainly intended to protect the impact of a possible disability through a much longer period of time. The insurance company has to cover a percentage of the monthly salary for a much longer period of time, when you qualify as a disable individual.As with various types of insurance, there are multiple factors that will affect and change the terms of this insurance. The policy duration is not the only thing that you need to...more
Long term disability insurance companies provide you with wider scope of benefits ad options. This insurance plays a bigger role in case of policyholders and investors, who plan to work together along with the company to achieve their financial objectives.By opting for long term protection, the clients are able to focus more on investing on themselves rather than being assured that their professions or businesses are in good and stable condition....more
Does the amount of alcohol you drink affect your life insurance rates? While life insurance companies may not be primarily concerned with how much alcohol you drink, they are definitely concerned about any adverse effects your drinking may have on your health. Heavy drinking as a lifestyle may lead to chronic health concerns such as heart disease, stroke, depression, dementia, liver and gastrointestinal problems.Because the amount of alcohol you consume may have bearing on your health and longevity, life insurance companies are interested in this aspect of your life. Most companies would not hesitate to increase your life insurance rates if you are a heavy drinker. In fact, according to the underwriting practices of some life insurance companies, drinking two drinks a day may disqualify you from the "preferred" category. Drinking four or more drinks a day may disqualify you from "standard" life insurance rates.If you already have a history of alcohol abuse, and you have attended Alcoholic Anonymous meetings or have had a DUI on your driving record, this could lead to much higher life insurance rates. Depending on how severe your alcohol condition is, some life insurance...more
So, it is a well known fact that improving your health can improve your life insurance rates. A few chronic health conditions that can prevent you from getting a good rate on life insurance are high blood pressure, diabetes, cancer and heart disease. Life style-related conditions such as smoking, obesity and drinking also have a negative impact in...more
Being overweight is usually a cause of concern when applying for a life insurance policy. Some people who have challenging health issues related to being overweight think they cannot get any insurance at all and therefore, may not even try applying for life insurance coverage. Some have tried and have been declined by the few life insurance...more
Another way you can save on premium payments is by making annual payments. Most life insurance companies offer several payment options. You can pay monthly, annually or even quarterly or semi-annually. However, life insurance consumers may not know that by paying your premiums, other than annually, you may incur interest or what may be termed as penalty fees This interest is called the Annual Percentage Rate or APR. The APR varies from company to company. The consumer protection legislation and rules do not require companies to disclose their APR but there are general rules that you can apply to ascertain whether it is worth paying monthly premiums against annual premiums. Some online insurance quote providers offer a quick and easy way to do this is by using an APR calculator to derive at these figures.So, one easy way to save on life insurance is to pay premiums annually. If you can afford this, it is definitely worth the savings. With some life insurance carriers, paying your life insurance premiums annually can save you up to 20 percent. By paying annually, you can actually reduce the premium. For instance, if your annual premium payment is $2000.00, your monthly premium may...more
It is fairly obvious that your life insurance policy should name a beneficiary since the sole purpose of a policy is to ensure that your loved ones will be financially supported after your death. Most life insurance policies bequeath their...more
Buy Latest Gadgets: For amazing and vibrant life By: Robin Swan About the Author Robin Swan is an expert author and has more then 4 years of experience in writing gadgets and technology articles. To know more about Buy Latest...more
An alternative which protects you against declining insurability as well as providing life insurance that meets your changing needs is to plan ahead. Since individuals' insurance needs generally decrease as they age, most people can satisfy their...more
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The Types of Long Term Care Insurance Policies By: christine About the Author Need more information about types of long term care insurance policies? Visit http://www.completelongtermcare.com and read articles on long term care...more
We cant change our past, but we can surely control our present and mould our future.Insurance is a financial instrument designed to manage risks and unpredicted incidents in life. Hence life insurance should be purchased in advance without waiting...more