Cashing Life Insurance Settlements

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Life insurance is taken to provide security to an individual?s life against events like accidents or death. A life insurance policy is a contract between the insurer and the company that offers such a policy. Herein, the company agrees to pay an agreed sum of money or cash in case of an accident or death. Cash Life Insurance Settlement policy could be surrendered at times when there is a shortage of money. Hence such policies are sold for cash to meet expenses like medical treatment, inability to pay premium on time, and so on.

When such insurance documents are sold, policy sellers benefit by converting these assets into liquid money, which can be invested as and when needed. It proves profitable to sell off a policy, as it could be worthless if premiums are not paid in time.

Cash life insurance settlement companies offer a high amount on insurance settlements than what insurance companies offer. Usually such cash life insurance settlement companies buy policies from general public, and trusts and offer a fixed rate amount to policy sellers. Cash life insurance settlement company may be the principal beneficiary on the amount at the event of death of a document holder or when the policy matures.

Senior citizens who are above the age of 65 years may be required to sell cash life insurance settlements at times. This could meet emergencies when senior citizens may require money for their medical treatment and other needs. Hence, these cash life insurance settlements are sold to companies for a price that is a little higher than the purchase value. At times brokers bid for policies and whichever is the highest amount, is paid to such citizens. Policyholders may have the right to choose whether to opt for this amount or not as these policies may be worth approximately one hundred thousand dollars.…

Things To Avoid When Taking Out A Life Insurance Policy

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A life insurance policy serves as a means of providing for your family a livelihood after your passing. It is also there to settle most of your debt should you have any at the time of your death. The insurance companies have rules in place that would ensure that the moneyes they pay out are for a legitimate reason. It would be there to your advantage to avoid certain things when you take out a policy.

It is often necessary to consult with a broker to get the best deal for your life insurance. He or she can guide you around the potholes to give you the best options. There are some things to avoid when you apply for insurance. A focal point that you should look at, to avoid, is what the life insurance would and would not cover. Insurance cover is there as a means to ensure financial security for family members, especially. Strict rules therefore apply to the cover that the insurance company would allow for you to have.

In most countries, it is unacceptable to participate in a dangerous lifestyle if you want to take out a life insurance policy. These include:

  • Dangerous activity: Dangerous activity deals with the many different types of extreme sport. The participation in this type of activity would put you in arms way and could result in death. The death would not be a natural death, and this makes it difficult for the insurer to insure your life.
  • A Dangerous Job: Another thing to avoid when applying for life insurance is to work in a high-risk environment. Such workplaces often provide what is called worker's compensation and you do not need unnecessarily an independent life insurance. However, if you do want to have extra insurance, you will pay more on your promotions.
  • Another most important thing to avoid when taking out a life insurance policy is to avoid lifestyle choices such as smoking, heavy drinking, being overweight and unfit. Smoking is considered a vehicle to illnesses such as cancer, emphysema, and other physical ailments. The insurance company would there before think twice before allowing you to have cover, as it would be costly to them you should become ill. The same applies to any other type of negative aspect that could cause damage to your physical body. Again, it is possible to get the life insurance, but it will be at great cost to you.

It is important to always keep in mind what things to avoid when taking out an insurance policy. Just a few of these are mentioned here. These are, a dangerous job or activity, and lifestyle choices such as smoking. However, you are able to get the insurance at a higher premium. At the same time, should these circumstances change in any way, such as a healthier lifestyle, a reassessment could have allowed the premiums of the life insurance to be lowered. …

Third Party Insurance – What It Is and Why You Need It

Posted on Posted in insurance, money, personal

Third Party Insurance. Liability covered purchased by an insurer.

You might ask yourself: What is it, why is it important, and why do I need it?

One word: Liability.

Say for example that you own a lumber company. You are entrusted by the local city to transport lumber from Pennington to Davie. Your lumber truck gets into an accident, a building is destroyed, and someone is seriously injured. Your company is now liable for those damages. The damages costed you $ 3 million, and now your company is bankrupt.

What if you had had third party insurance before this all happened?

You would be safe! Insurance works this way: You pay a fee every month depending on your coverage. The more coverage you have the more insurance you can be covered for, the "less "iable you will be. And if a claim is filed, something called a "premium" will have to be paid for. Another word for a premium is a deductible. With insurance policies that have no deductible, you end up paying much more than if you did have a deductible.

Now, the next question you might ask is: Well I do not own a lumber company.

No lumber needed! Most states require third party insurance for cars and vehicles when driving a car. This type of insurance can cover personal injury, car damages, and external damages. The cheaper the insurance you pay per month, the less your policy tends to be.

How is my insurance amount determined? There are a number of factors: Location, make / model of car, your age, past driving history.

Location- If you are located in an accident prefecture area, your insurance will cost more. Age- If you are under the age of 25, your insurance will be almost double that of everyone else! Make / Model- Sports cars cost more money to insure. So do luxury cars. A station wagon will be a lot less to insure than would a Ferrari. Past driving history- If you are sooner to getting into accident, your insurance will cost a lot more than usual!

I hope you enjoyed Third Party Insurance article! Please take time to read my site, and enjoy. …

Auto Insurance Quotes – Advice For Getting an Auto Insurance Quote

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Q: I just moved to Kentucky and have two quick questions. First, is auto insurance compulsory in Kentucky? Secondly, do you have any advice on how I can get the best auto insurance quote in Kentucky? Thank you.

A: Kentucky does require you to have an auto insurance policy for any vehicle being driven on a public road. Failure to obtain auto insurance is a criminal offense in KY and can result in loss of license plates, loss of drivers license, and hefty fines. Find the best insurance in Kentucky that you can and make sure your vehicle is insured.

To answer the second part of your question; we do not endorse one insurance company over another. The best advice is to call multiple companies and choose the auto insurance quote in Kentucky that best suits your needs.

Remember, when choosing an insurance company that the lowest dollars amount is not always the best value. Choose a policy that offers the most amount of coverage you can afford. If the total dollar difference is close then go with the company that will offer you the most amount of coverage. Also be sure the company you choose is established so you can be reasonably certain they will stay in business.

Last but not least, one of the best things you can do is compare auto insurance rates online from several different providers. Doing this will ensure that you are covered by the best policy at the lowest cost, and you might just be surprised at how much you can save on your promotions as a result. …

How to Find Affordable Car Insurance in Oregon

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Nobody like to pay more for car insurance than they have to, and this is especially true in Oregon, which has some of the highest automobile insurance rates in the country.

There’s really no trick to finding affordable car insurance in Oregon. It’s simply a matter of shopping around and comparing as many different companies as possible.

Thanks to the internet and a variety of free quote services, getting comparisons is not as difficult as it used to be – but it is still tedious and time-consuming.

To save time it is advisable that you have all of the necessary information in front of you before you log onto a car insurance quote site. Having everything at your fingertips will save you a lot of time and headaches.

First, have your driver’s license in front of you. You will need to supply all the “standard” information: name, address, birth date, gender, and martial status. They will also ask for your driving record for the past 5 years. This will include a list of accidents, claims against your present insurance company, and any tickets you have received. Be truthful – they will double-check your answers.

They will also ask about your occupation and the number of years you have been employed, as well as ask questions about your credit history; drivers with good credit get a break on their auto insurance rates.

They’ll want to know how many people will be driving the car and their ages and genders, and they will ask if you rent or own your own home (homeowners often get a slightly lower rate).

In addition they will need information about the car you will be insuring. They will need your vehicle’s year, make, and model, as well as any anti theft devices or safety devices the car has. They will also ask if you own your vehicle or if it is being financed. You will also need to have your vehicle’s VIN number. The VIN number can be found on the driver’s side dash board under the windshield or in the glove compartment on the right hand side.

They’ll want to know if your vehicle is used primarily for business or pleasure and approximately how many miles you drive each week.

Finally they’ll ask about your current insurance and then ask what types of coverages you want and what deductibles you’re considering.

Even though it seems like a lot of information, most of it is fairly standard information that you will know off the top of your head. The rest you will need to gather.

The payoff for the effort you’re making will be affordable car insurance month after month, year after year – and for most people that’s worth an afternoon of online comparison shopping any day!…

Finding Low Cost Health Insurance – Options And Ideas

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Why are there so many Americans who are uninsured? Because it costs too much. It's really that simple. Independent contractors and small business owners often forego getting their own health insurance plans, hoping nothing happens that could ruin their business and put them in the poorhouse. And, the growing number of Americans living before the poverty line could not afford health insurance if they wanted to.

There are some ways to get low-cost health insurance if you need to. We can all stand to save a couple bucks, but for some of us it's a necessity. Here are some ideas to help you get low cost health insurance.

Individual Health Insurance Plans

Everybody knows that you can save with group insurance plans, but not everyone knows that the average cost of individual plans is dropping. This is because more and more people are choosing individual plans because of the flexibility they offer, and that is forcing health insurance companies to be more competitive.

Go With An HMO

An HMO, or Health Maintenance Organization [http://www.medicalhealthinsuranceguide.org/Affordable_Health_Insurance/], is a way to get insurance on a fixed budget. Think of it as a health insurance package deal. The HMO has a network of doctors that you can choose from. If you need to see a specialist or go to the hospital, they can refer you to one that is also under the same HMO plan.

HMOs are usually affordable, and they offer you a fixed price, so you do not have to worry about premiums changing. They also handle all the claims and paperwork for you, so they make the whole process easier.

The disadvantage of HMOs is the lack of flexibility. You have to go to the same doctor, and any doctor or hospital visits outside of your HMO will not be covered.

More Alphabet Soup – PPOs

A PPO is a Preferred Provider Organization. PPOs work just like HMOs but with a little added flexibility. For an extra cost, PPOs allow you to visit healthcare professionals outside of your chosen doctor when necessary. These plans are becoming more popular than HMOs in recent years because of the choices offered to carriers.

Fill Your Insurance Gaps With COBRA

COBRA is a program designed to allow those who have recently lost their insurance to stay on it until they find something new. It is ideal for those who have left their jobs, or who were covered under their spouse's insurance but were recently divorced or widowed. With COBRA, you can maintain your current plan for up to 18 months until you get a new health insurance plan.

Let The Big Guys Lend A Hand

There's no shame in seeking government assistance when you are in a tight spot. Think of you and your family's well-being. When you're really scrabbling bottom, there are a variety of low cost health care programs such as Medicare available. While these programs do not offer the same high quality coverage as a good health insurance plan, they will help …

Boating Insurance Options

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From a sailboat to a motor-driven yacht or a fishing boat to a high performance sports boat, the choices on offer are almost endless. Moreover, that makes it much easier to locate a watercraft to match an individual's specific needs. Whether a novice sailor, or an avid wake boarder, one common factor all boats have the ability to enjoy all pleasures out at sea.

Just as a boating enthusiasts will differ in their vessel of choice as well as its intended use, boating insurance plans also varies to some degree, and this can depend on a crafts use, its overall value, owners prior history (claims as well as experience ), and it's overall importance to an owner.

Boaters insurance can start with a simple liability scheme and extend to a more comprehensive all risks package, with a multitude of extra features and benefits to add-on. Deciding on the ideal coverage, can at times be a tough decision.

A boat owner that engages in the high speed thrills of a Jet Boat or Bowrider will be in need of a different plan to a sailor on a quite weekend cruise, or to those on board a dedicated fishing machine in need of one of the policies more directed towards the needs of an angler.

While an owner with an extensive list of high-tech instruments on board or one that's outfitted with a line of sports equipment will have to put in place adequate boats insurance to protect these expensive pieces of kit as well. …

Bonded Life Insurance Settlements

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Bonded life insurance settlements are settlement for insurance policies that are provided by bonding companies. For a premium, these companies promise to buy out the purchaser's interest in the policy at face value, in case the policy does not mature by a particular date.

Bonded policies typically have a low return on investment, as a part of the purchase funds is owed towards, paying a lump sum performance bond premium. Bonded viatical life settlements, also known as bonded viaticals, are termed as secondary market life insurance policy contracts. Viatical investment contracts have the option of, emergency or stop loss insurance on the life expectancy, which is called a wrapper.

The insurance company that issues the wrapper offers, an insurance policy or financial guarantee, according to the performance of the underlining life expectancy. This kind of financial guarantee guarantees more security and safety to policy owners, who may be interested in purchasing viatical investment contracts. This transfer of the life extension risk from the purchasers to an insurance company increases, the chances of a return on the funds that are invested.

However, there is one major risk associated with viatical purchase contracts or viatical investment. The risk is that the insured, which is also known as the viator, will live beyond their originally anticipated life expectancy. To combat the life extension risk, some vatical companies escrow additional funds to cover for it. In case these funds are exhausted prior to the maturity of the policy, its liability lies with the purchaser. It means that the purchaser of the vatical investment contract may have to maintain the account by paying the premiums, until the maturity of the contract. The maturity of the contract in this case is the death of insured.

There is also a possibility that, an escrow agent or trust department, is concerned with making payments for premiums on the life insurance policy. The status of this escrow agent or trust company status must also be looked up during the determination of the value of the investment. …

Affordable Auto Insurance – The Professional Advantage

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There are professions that are more likely to get affordable auto insurance. Read through this article to see if yours is one of such professions. Where it's not, you can learn what makes those professions attract such discounts and then implement them. Over time you'll also reap the fruits of such adjustments. Lastly, I'll also show you how anyone (in spite of their profession) can lower their auto insurance premium.

Certain professions give attention to details more than others. In fact, it's the very basis for their success. You can, for example, be negligent as a book binder without endangering the lives of many. However, you can not be negligent as a pilot and not cause the death of hundreds or even thousands. Therefore, as part of their training, they're made to develop great attention to details.

Now, the thing about training is that once absorbed, it affects you even outside the very practice of your profession. That's what happens to these folks who've been trained to give attention to minute details. Furthermore, in the case of professionals like pilots, being safety conscious is so much a part of their daily routine that it has become second nature to them.

As if those were not enough, in these kinds of professions, your professional license could be designated if you're convinced of recklessness on the road. Therefore, these are very less likely to be involved in accidents. And, the lower the likelihood of a claim, the more affordable your auto insurance premium would be.

Now, even if you do not belong to such professions where your conduct on the road could impact your rise, you'll do well to have as if it will. Avoid those tickets. Like someone said, they cost you much more than the fines. Take your time to learn all you can to become a better driver (This includes taking courses in defensive driving). More than lowering your premium, you'll save yourself and others the pain of being involved in an accident.

Finally, whether you belong to these favored professions or not, you can get affordable auto insurance by shopping around. With the internet, all it will take is only a few minutes. Take your time to visit at least 3 quotes sites for affordable auto insurance. The very good ones will return about five quotes for you to make your comparison. I recommend that you visit at least three of such sites so you will ensure that you do not miss a quote from an insurance company not covered by any of the other auto insurance quotes sites.

Please (This is very important), make sure you input the same information in all the sites. If you vary the information you supply, you will not be able to get quotes that will lead you to very informed comparisons. …

Car Insurance Savings Tip 1

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There are many tips you can pick here and there on reducing what you pay in your car insurance. Some will result in savings of a few dollars; others could save you a few hundred dollars. In this article, I'll dwell on one that could save you a few hundred dollars depending on how you apply it …

Your premium is determined by a lot of factors. Among these factors is how much you pay as a deductible. I like ensuring everyone understands every term used in my articles due to differences in terms across locations. So, let's define the term "deductible."

When you file a claim, the insurance company expects you to contribute or pay a certain amount before they'll pay out the agreed compensation. This amount is called your deductible. If you agree to pay a high deductible, you'll get a lower premium. If for example, you increase your deductible from $ 400 to $ 1000; your premium might be lowered by as much 30%. Depending on your circumstance, this could mean savings of a hundred dollars or much more.

You must take some time to think this through before making a decision. If what you'll get as savings justifies the one time deductible (However high it is), then you're better off going for it. However, if you think otherwise then you have to go with what's best for you.

After doing all this, you must take your time to understand the fundamental process for realizing huge savings in car insurance and certain facts that you must not ignore about car insurance quotes and comparison sites. …