Archive for the ‘Insurance info’ Category

A lot of factors are considered when your life insurance premium is being decided, the most important being your overall health. While most people are well aware of the fact, and are ready for it, they don’t often realize that their weight is an important part of their health and that a lot of emphasis is placed on it when buying a life insurance policy. The few extra pounds that you can’t seem to lose can weigh heavily on your insurance premiums, giving you enough motivation to get on with a fitness program.

The reason behind deciding premiums on the basis of weight is quite simple. Increasing weight can eventually lead to obesity, which is considered to be one of the major causes of several dangerous and even fatal heart conditions. The risks of hypertension, stroke, heart attack, diabetes and some types of cancer can substantially increase in obese people, also increasing the risk for insurers. Insurers see a potential for obese people to develop diseases faster than others, increasing their financial risk.

In order to hedge these risks, insurance companies offer insurance premiums to these people that are quite higher than normal premiums. Depending on how overweight you are, and keeping in mind your age and physical aspects, the rates of your premium offered by Colonial Penn Life Insurance can vary widely. It is important to understand that while your weight may not stop you from getting insurance, it can cost you much more than what you anticipated.

So, before you apply for Colonial Penn Life Insurance, think about shedding some pounds off so that you can save money on premiums while also getting healthier. Even if you already have life insurance, you can still lose weight and get your policy reviewed for lower rates. Save money and be healthy; what more could you want!

If you have recently purchased a new house on mortgage, chances are that your lender will ask you to apply for home insurance to protect the house against loss or damage. Getting your house insured can be a difficult decision as there are many companies that offer home insurance on different terms and at different rates. Here are some tips to help you select an insurance policy that best fits your requirements.

Research Well

The first step to getting an insurance policy is to perform a research on companies that are offering home insurance. Look for insurance companies on the internet or in the newspaper. Visit their websites and use their online tools to get insurance quotes. This will allow you to compare homeowners’ insurance quotes and see which companies offer the most attractive insurance rates in your locality.

Read Client Reviews

Most websites post client reviews of their current and previous clients. Clients share their experiences and express their opinion regarding the company’s services in these reviews. Reading through these reviews will give you a fair idea as to what services these companies offer and how they strive to satisfy their clients.

Review Policies and Services

The websites of each insurance company will clearly mention when and in what circumstances they will provide your home with insurance coverage. Carefully scroll through these web pages and see what prices which website offers. Compare homeowners insurance quotes keeping your budget in mind and perform a cost-benefit analysis for each insurance company. Select the company that caters to all or most of your needs and fits comfortably in your budget.

Once you have selected an insurance firm, visit their office and get further details regarding their policies. Ask them questions and discuss all your needs with them. Once you are completely satisfied with your decision, you can purchase the insurance policy.

So you brought a brand new home in Chicago, congratulations.

But your work is just getting started! As a Chicago homeowner you will have to get homeowners insurance to ensure that your new investment is protected from any disasters or calamities. Along with acquiring an insurance policy with a decent coverage, you are also strongly advised to carry out all the repairs and maintenance before moving into a house.

Repair and renovation is an important aspect of homeownership because if your home is in a better state of repair you will have to give away a lot less in lieu of insurance payments. After repairs, your home’s imperfections will be eliminated. This means your home won’t require a lot of insurance money in case of a calamity.

If you have no idea about the health and structure of your new home and need help to figure out what needs fixing and what doesn’t, help is available. There are people qualified to find out exactly what it takes to make a house livable. They are called home inspectors and you should find one to inspect your home in Chicago.

Professional home inspectors will review each and every inch of your house and point out the inherent flaws. From leaky faucets to rusty piping, they will examine your home and let you know everything that needs to be fixed.

If you chose to work with a qualified home inspector, you will be able to save a lot on your Chicago Homeowners Insurance. Remember to select one with previous experience and recommendations from people you know. Don’t just assume that if a home inspector has a license that they are good. Their field isn’t a very well regulated one and a license doesn’t exactly prove that they are good at their work, so look for experienced inspectors.

Life insurance offers several benefits to your family after you depart. The loss of a loved one is usually very hard to bear. In this event, the burden of a financial crisis on your family will only add to their existing stress and sorrow. Below are some of the benefits of having a life insurance policy to help your family survive financially.

Takes Care of Medical & Funeral Expenses

It is possible that when you are near your end, you may contract illnesses which can be very expensive to treat. The costs of medical treatment can amount to several thousand dollars. In these hard times, a life insurance can reduce the burden of financial expenses by taking care of your medical costs.

A basic funeral can be very costly today. A life insurance policy will cater to all these expenses after you leave and help your family get through these hard times by reducing the financial burden on them. Search for life insurance companies in your state and gather information regarding the services and benefits offered by them.

Pays Debt & Taxes

If you leave before settling all your debts, your family maybe liable to settle them after you leave. Taxes can also become a huge financial burden for your family. Your life insurance can help them if they are short of cash and need financial assistance.

Source of Income

If you are the sole breadwinner of your family, your dependents may be short of finances after your demise. A life insurance can provide for them and cater to their financial needs until your family finds other sources and is able to support themselves financially.

Find out life insurance companies in your state and apply for a life insurance now to protect and support your family after you leave.

Sometimes life doesn’t go as you plan. To cushion you and your family from financial shocks when you get injured or pass away, having a life insurance policy is important. It is a good way to ensure that your spouse and children will not be financially challenged when you’re not around.

Buying the right policy can be time consuming, but is surely worth it. If you buy the first life insurance policy that comes your way haphazardly without comparing different life insurance providers, you may end up getting an insurance policy that does not cover your family’s needs properly which will be problematic for them after your death.

Therefore, take out time to examine your options as it will help you identify and choose the company that best suits your insurance needs.

Moreover, you should also compare life insurance companies for rates. This is essential because through comparison and analysis you’ll learn which company is offering you more value for money. There are companies that have high rates but are not worth choosing as they don’t offer additional features that companies with lower rates do.

Also, there can be a situation when you get the best rates but the company does not fit you well.

So, in order to make a smart policy buying decision, thorough research about life insurance companies is advisable.

In addition to this, when you compare life insurance policies of different companies, also assess the type of coverage and premium the companies offer. This will make opaque choices clear.

Lastly, it is important to assess life insurance policy providers because it helps determine which company has more financial strength. Financially weak and insolvent companies should be crossed out as buying policies from them is no use as these companies don’t have the strength to pay back the money to you in your time of need.

Getting their house insured is one of the most important things homeowners should do as soon as possible. Insurance can provide financial security to their house and every other valuable that is on their property against any possible accident that might cause damage. While a lot of homeowners think that getting a policy and maintaining it is quite simple, there are some responsibilities that lie at your end, avoiding which can result in policy invalidation.

In order to maintain your good standing with an insurance company, you have to be careful about certain things that insurance companies look at when approving potential clients. Failure to meet these requirements can result in higher premiums, cancellation of your policy or even disapproval of your policy. A few simple and careful efforts on your part can prevent any such situation from occurring.

First, the maintenance of your house is an important factor to be considered. Before the policy is issued, the insurers will check how well you maintain your house and its contents before approving the policy. If you slack off at a later time after the policy is already issued, there are chances the company will raise your premiums or cancel your policy altogether on the basis of poor maintenance.

Second, making unnecessary claims for even the smallest of expenses can land you in trouble. You should remember that your Houston Homeowners Insurance is meant for accidents and covering huge losses that you can’t bear, not a $100 expense you made on a slight repair. While you can claim for these small expenses, it gets irritating for the company and they may revoke your policy or increase your premium. If the expense is affordable, you should avoid making an insurance claim for it.

Implementing these responsive measures can not only get you in the good books of your insurers but they can also save you money. There are certain insurers that value these attributes and offer low premiums and rewards to such clients who are careful about handling their homeowners insurance in the right way.

save money by reducing homeowners insurance costsFor the protection of your property and valuable items, homeowners insurance coverage is vital. However, it may be difficult for many to get this coverage as the cost of home insurance is on the rise. So the mind boggling question is how to save money and yet have the best home insurance policy in hand.

If you are in the same situation, here are some tips to help you lower insurance cost and seal a good coverage deal:

Request for Quotes

Hasty decisions are always wrong and pricey. If you don’t research the market thoroughly, you can end up purchasing an expensive home insurance policy.

In order to make a smart homeowners insurance coverage buying decision, it is important to do a price comparison and request for quotes. Evaluate three to four insurance companies and their quotes before you make your final decision.

Raise Your Deductible

To reduce insurance cost, you can increase your deductible. With a higher deductible, you will have to pay a lesser premium. This is a cost-effective way to get a good home insurance policy. This means if you increase your 500 dollar deductible to a 1000 dollar, you can save up to 25% on your insurance policy.

Prepare Your Home to Fight against the Odds

To reduce the cost of insurance, make your home resistant to natural and unnatural disasters. You can add shatter-proof glass, storm shutters and modernize your cooling and heating system. This will reduce the risk of damage from water and fire. So you will not require buying a high insurance coverage limit to protect your home from disasters.

Buy Homeowners Insurance Policy from the Same Insurer

If you have bought an automobile insurance policy already, see if the same insurer also offers home insurance. Some insurance providers are known to lower premium cost up to 15% if you buy two or more insurance coverage policies from the same insurer.

Most people find themselves very confused and overwhelmed when comparing homeowners insurance quotes. It does not matter if this is your first time signing up, or if you are simply looking to switch companies, the decisions really never get any easier. Most insurance companies offer basic coverage policies that are quite similar regardless of location. Elements like dwelling, liability and personal property are generally included. However, many people do not realize that all potential loses are not automatically covered in a basic policy. Below are five elements that need to be included and examined in any homeowners policy.

Flood Insurance

It does not matter if you live in the driest area of the country; you need flood insurance. Quite often, floods are caused by development or new construction. Weather is not always to blame. You may be interested to learn that only two inches of water in a 1,000-square-foot home can cause more than $10K worth of damage. This is coverage worth having, and you can consider yourself fortunate if you never have to use it.

Replacement Cost Coverage

Most people don’t realize how much it would cost to repair or rebuild a home and also replace all their belongings. You may think you have enough coverage, but will it actually cover everything. Without replacement cost coverage, you will be responsible for paying the balance. For example, if the dwelling limit in your policy is $200K, but you lost everything in a tornado and it will cost $300K to clean away the debris, rebuild and replace, then you would be responsible for the extra $100K. This coverage included in your homeowners insurance policy eliminates this concern.

Code Upgrade Coverage

A policy that include code upgrade coverage is ideal, if replacement coverage is a little out of your budget. Most basic policies only cover cost to repair or rebuild the way the home was before, so if building codes have changes or different materials are now required, you would be responsible for these additional fees.

Expanded Theft Coverage

Do you keep items like expensive tools, golf clubs or other similar items in your vehicle either consistently or on occasion? Do you know that most policies don’t cover these items if they are stolen from your vehicle when not parked on your property? Expanded theft coverage ensures the property is covered.

Scheduled Personal Property

The coverage limit is about all you are going to receive to personal property affected by damage, destruction or theft. However, expensive items don’t always receive their full value on a basic coverage policy. Most insurance companies offer separate limit for items such as jewelry, artwork, collections and precious metals. If you have items like this in your home, choose a policy that allows you to list each item individually to ensure that they are covered for their face value.

research life insurance ratingsLife is full of unpredictable events and incidents. To keep you safe and financially protected, several companies offer different kinds of life insurance programs. While some companies don’t satisfy their clients with their offerings, others prove their worth and provide their consumers with considerable benefits. In situations like these, it is beneficial to check the ratings of life insurance companies as they indicate their financial stability and reliability. They also offer you peace of mind with an assurance that they can honor financial commitments to their customers.

A majority of companies present only positive details about their work and services. However, independent analysis serves as a key barometer that indicates whether a company can fulfill all its claims. A company enjoying high ranking is usually trusted for its insurance policies. It offers timely services and enables its clients to get help via online resources, phone, or fax.

Besides checking your insurance company’s ranking, you should get other relevant details such as customer service, types of policies, rates and charges, profitability ratio, involved risks, and financial obligations. Life insurance companies ratings are the perfect means to assess the financial health of a life insurance company. Generally, it is safe to buy a life insurance policy from a company that is assigned with an “A” or “B” ranking. Such high ranking indicates that a company is expected to maintain its solvency in the times to come.

While looking for an appropriate life insurance company, you should try to determine problematic areas. Such areas may indicate management disorder, operating losses, insufficient capitalization, and risky services. Research a variety of life insurance companies and get complete information about their insurance programs and benefits. Discuss your situation with a financial expert to better understand your financial needs. Ultimately, you’ll be able to find a sound and reliable life insurance company that you can work comfortably with.

If you have already started comparing life insurance companies then you have likely found that whole life insurance policies seem to be the most popular option. You may even have friends, family member or coworkers who have recommended this level of coverage to you because they are quite happy with a similar policy. Still you are probably wondering if this is something you really need, or if a different level of coverage would be more appropriate for your needs.

Whole Life Insurance Explained

Although it may seem a bit confusing, whole life insurance is basically a type of permanent life insurance. It features a guaranteed premium, cash value and death benefit, and it offers the potential to receive dividends. What this mean to you is that the value of the policy can be increased while the insured person is still living. Also, the cash value is tax-deferred until the time you need to make a withdrawal, and if needed, you can even borrow against it. How much comfort would you feel knowing that you have access to funds that you can borrow tax-free should you need it in the future? Why pay a bank a high interest rate, if you don’t have to?

Why Choose a Whole Life Insurance Policy?

So, you have an idea of what whole life insurance is, but you still probably are wondering if it is the ideal solution for you. Well, you may want to choose this level of coverage from one of the top-recommended life insurance companies, if you want:

• Payment pricing that remains the same every year

• Protection for life

• The power to add additional money on a tax-favored basis

• Cash value available to use while you are still living

Whole life insurance provide a lot of guarantees that in return offer peace-of-mind; something anyone can appreciate. A few of these guarantees include:

• Guaranteed Cash Value: Until your cash value matches the policy’s face value, it will grow every year; tax-deferred of course. So, when you need money one day for an emergency, or to pay for your child’s wedding or education, you will have access to the loan.

• Guaranteed Level Premium: One of the main reasons people choose whole life insurance is because the premiums are guaranteed to never change, regardless of age or health.

• Guaranteed Death Benefits: Assuming that premium are paid and there are no outstanding policy loans, beneficiaries will receive the policy’s face amount should the insured person die.

Guaranteed Acceptance with Some Companies

Some people assume that they will not qualify for whole life insurance due to age or health concerns, but there are some companies that offer guaranteed acceptance. For example, if you are between 45 and 75 years old, MetLife will approve you, regardless of medical reasons. They offer rate as low as $10 per month, and premium and coverage are guaranteed to never change. No health questions are asked and no medical exam is required; it couldn’t be easier to get the coverage you deserve.