When should you buy life insurance? When buying life insurance, it often saves you money if you think about the transaction from the insurance company's point of view. Their goal, of course, is to take in more insurance premiums than they have to payout in claims. So, which populations of the insurance company’s potential client base will pay more insurance premiums before they die and their family claims the payout. It’s the law of large numbers and averages at work. And, it’s where actuaries make their living. When Should You Buy Life … [Read more...] about When Should You Buy Life Insurance – Buying Insurance Young
The Atlantic hurricane season runs from June through November. August and September see the worst of hurricane season. According to the Weather Channel, August sees more than three times the number of storms as July, and it keeps building in September. September is the peak time of the year for hurricane season in the United States. And, most insurance companies require you to have homeowner’s, renter’s, or flood insurance for at least 30 days before your coverage kicks in and you can make a claim. So, now is the time to look at your home … [Read more...] about
There are a lot of myths surrounding car insurance out there, from the color or sportiness of your car affecting your rates (or not) to the question of accidental coverage for instances when a driver other than the car’s owner is behind the wheel. To avoid confusion, it’s important to rely on research conducted by credible companies and organizations, such as the big study from Insurance.com on the impact different tickets have on your car insurance rate. Save with USAA Auto Insurance. Get a quote today! How to Lower Your Car Insurance … [Read more...] about Top 5 Ways to Lower Your Car Insurance Bills
Do you have enough life insurance coverage? You might not have enough coverage through your life insurance from work. According to a recent LIFE Foundation and LIMRA Study, almost one-third of all Americans believe that they need more life insurance coverage. LIMRA, a worldwide association of insurance and financial services companies, recently found that about 40% of people own a life insurance policy only purchase it through their employer. They do not have any other policies. There are a few issues with only buying life insurance … [Read more...] about How Much Life Insurance Do You Need? And 5 Policies You Don’t!
Like many people, car insurance renewal time is stressful and painful. The process is stressful because you feel obliged to read through pages and pages of documents you might not understand and feel pressured to sign without a second thought. The process is painful because you think there might be better deals elsewhere but overall, you know that your car insurance costs will be astronomical. What to Do When You Get Your Car Insurance Renewal So, what exactly are you meant to do when it comes time to renew your car insurance? Read your … [Read more...] about What to Do When You Get Your Car Insurance Renewal
There are a lot of car insurance myths that continue to be spread around by consumers. One of the biggest reasons for car insurance myths is that you do not exactly know how your car insurance is calculated by your insurance company. These calculations are a closely guarded secret by most car insurance companies, but there are a few clues as to what makes our car insurance rates rise. It is important when you compare car insurance rates to understand as much as you can about how your car insurance rates are calculated and to debunk the … [Read more...] about
If you’ve followed Money Q&A for any amount of time, you’re probably aware of how I feel about life insurance. I’m a huge fan of term life insurance. Term life insurance, in my opinion, is the only way to go. I recently realized that I don’t have enough life insurance coverage for my wife. Even though she is a stay-at-home mom, the paltry amount of life insurance coverage that I have on her through my work just isn’t enough. There are so many benefits that stay-at-home parents provide for the family. And, those costs are easy to overlook … [Read more...] about Review of Haven Life – Buy a Term Life Insurance Policy 100% Online
International travel can be expensive, but the one cost many people forget about in the midst of scheduling flights and packing luggage is a travel insurance plan. Unless you have phenomenal health care coverage here in the U.S. that also guarantees a decent level of coverage while you're overseas, you may be required to purchase a supplemental travel insurance plan to use during your next trip abroad. If you're traveling with a tour company, then they can probably guide you through the ins and outs of travel insurance recommendations … [Read more...] about Should You Buy Travel Insurance for Your Next Trip Abroad?
What do you think is the best and most industrious way to ensure the protection of your health? I bet a health insurance policy because of the unprecedented benefits. If you have health insurance, then you do not necessarily need to worry about your medical expenses and hospital bills. However, things are not ideal every time and you cannot escape extreme atmospheric conditions and so do health issues. Before we proceed further, let me ask you, do you have a health insurance policy? I suppose not. What could be the reason you never … [Read more...] about Top 5 Ways to Save Money on Health Insurance
People are often confused about what to do with the life insurance benefits they are entitled to receive after the policyholder’s demise – invest it to generate regular income, use a part of the lump sum each month until it lasts, or find another way to channelize the proceeds productively. In fact, a nationwide study by Forbes LearnVest on Life Insurance revealed that 66% people do not fully understand their life insurance policies. This brings us to an important point – simply leaving behind a substantial amount as death benefit is not … [Read more...] about All That You Need To Know About Income Replacement Life Insurance Products