Wednesday, 30 March 2016

erm vs. Whole Life Insurance: Which One Is the Best for You?







Are you looking for the best affordable term like insurance online? You may already be familiar with some of the benefits of this type of insurance. But how can you find out more about your most affordable options, and how to get the best quotes online?
First of all, let's clarify what exactly a short-term life insurance is, and how it can help you instead of a whole life agreement. Then you can decide if it is a suitable option for your needs.
Term vs. Whole Life Insurance: Which One Is the Best for You?
As you might be familiar with a whole life contract, it starting today after your sign the insurance agreement, you are required to pay a specific amount every year, for the rest of your life.
Whether you live 5 more years or 50, the agreement requires you to continue with the payment. Now obviously this kind of lifetime commitment to make a payment every single month is not a small responsibility.
That is where the term life agreement comes in. As it clearly shows in the title, this agreement is only for a short term - anywhere from 3 to 20 years. And it all depends on how long you feel comfortable to agree to.
After that, in case something happens to you, your family will receive an agreed amount of money every month, for the rest of their lives.
Is Term Life Insurance More Affordable than Other Options?
Overall, the answer is yes. Based on your financial means, you can simply choose the amount and also period of time that you are willing to make the payment for. It can be as short as 3 years up to as long as 20 years.
After you some research, you will notice there are several well-known insurance companies and private providers that you can choose from. Before making your decision, it is important compare their benefits, interest rates, quotes, term insurance contract details, and more aspects that helps you make sure what you see is what you get.
So by choosing a short term life insurance, you can not only save money in the long term, but also ensure you will not end up paying for too long, more than the period you have in mind.
After comparing these mentioned various aspects, you can choose the company that provides you with the best affordable life insurance plan.
Did You Know? You can discover insider tips to get a FREE discount for your life insurance and save money today. Find out how to get the best Affordable Life Insurance [http://www.lifeinsurancefast.com/affordable-life-insurance.php] here.
Wondering which type of life insurance is right for you? Find out more about Types of Life Insurance [http://www.LifeInsuranceFast.com/types-of-life-insurance.php] and how each one will help you.


Article Source: http://EzineArticles.com/7217669
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Term vs. Whole Life Insurance:

Are you looking for the best affordable term like insurance online? You may already be familiar with some of the benefits of this type of insurance. But how can you find out more about your most affordable options, and how to get the best quotes online?
First of all, let's clarify what exactly a short-term life insurance is, and how it can help you instead of a whole life agreement. Then you can decide if it is a suitable option for your needs.
Term vs. Whole Life Insurance: Which One Is the Best for You?
As you might be familiar with a whole life contract, it starting today after your sign the insurance agreement, you are required to pay a specific amount every year, for the rest of your life.
Whether you live 5 more years or 50, the agreement requires you to continue with the payment. Now obviously this kind of lifetime commitment to make a payment every single month is not a small responsibility.
That is where the term life agreement comes in. As it clearly shows in the title, this agreement is only for a short term - anywhere from 3 to 20 years. And it all depends on how long you feel comfortable to agree to.
After that, in case something happens to you, your family will receive an agreed amount of money every month, for the rest of their lives.
Is Term Life Insurance More Affordable than Other Options?
Overall, the answer is yes. Based on your financial means, you can simply choose the amount and also period of time that you are willing to make the payment for. It can be as short as 3 years up to as long as 20 years.
After you some research, you will notice there are several well-known insurance companies and private providers that you can choose from. Before making your decision, it is important compare their benefits, interest rates, quotes, term insurance contract details, and more aspects that helps you make sure what you see is what you get.
So by choosing a short term life insurance, you can not only save money in the long term, but also ensure you will not end up paying for too long, more than the period you have in mind.
After comparing these mentioned various aspects, you can choose the company that provides you with the best affordable life insurance plan.
Did You Know? You can discover insider tips to get a FREE discount for your life insurance and save money today. Find out how to get the best Affordable Life Insurance [http://www.lifeinsurancefast.com/affordable-life-insurance.php] here.
Wondering which type of life insurance is right for you? Find out more about Types of Life Insurance [http://www.LifeInsuranceFast.com/types-of-life-insurance.php] and how each one will help you.


Article Source: http://EzineArticles.com/7217669
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Why do you need life insurance?




Why do you need life insurance?
Life insurance is an important part of your financial planning. If your family's only source of income is your salary, then you need life insurance coverage. If you are young, then you need more life cover that will last longer. You should take a life insurance for 10 years or 20 years depending on the age of your children. If you have no dependents then you will need less cover. A life insurance will give your family an income as long as they need it. It will take care of your loans even after your death. A life insurance could help to maintain your family's standard of living and makes sure that your children have all the opportunities even after your death.
What is a Term Assurance?
A Term Assurance is an insurance policy taken for a fixed period of time. For eg. 10, 15, 20 years or more. You are guaranteed a fixed sum if you die within that period. No payment is made if you survive during that period.
What are the other types of insurances?
There are different types of life insurance policies.
a. Mortgage Protection: If you have mortgage on your home, Mortgage Protection will clear your mortgage when you die.
b. Specified Illness Cover: It gives you the money when you are still alive. It helps you pay your medical bills if you are out of work. So you can get better without worrying about your medical bills.
c. Whole of Life Cover: If pays you a lump sum whenever you die.
d. Over 50s No Medical Cover: Anyone above 50 can get this insurance policy. The advantage is that, no medical questions are asked. All you need to do is fill in the application and get immediate cover. For the same reason, the price of this cover is higher when compared to other policies.
e. Income Protection: Those who are self-employed should consider Income Protection. It usually pays you almost 3/4th of your annual income if you are out of work owing to illness or disability. This policy contains a deferred period, which means you have to show that you have been out of work for a minimum of 13 weeks.
What are the important points to consider before taking an insurance policy?
Check out the policy benefits or the sum assured on your death. You must decide on what type of cover you want. You will need Whole of Life Cover if you want cover that will pay whenever you die. Specified Illness Cover usually pays out 80% of the sum assured if you are diagnosed with a serious illness.
What are the details you need to give to take life insurance?
You have to fill in an application form giving details about your medical history and lifestyle. Depending on your age and the type of policy you are opting for, your insurance agent will ask you to get a medical certificate. You need to give details truthfully if you want your dependents to get compete benefits of a life insurance.
Is it possible to cancel an insurance policy?
You can cancel your insurance policy during the cooling off period - that is within 30 days of issuing the policy. You will get a full refund of any premiums paid.
Visit Manning Financial, the leading financial advisor in Ireland. They provide an advice regarding financial planning and also about life insurance in Cork


Article Source: http://EzineArticles.com/9341919
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life insurance?





Why do you need life insurance?
Life insurance is an important part of your financial planning. If your family's only source of income is your salary, then you need life insurance coverage. If you are young, then you need more life cover that will last longer. You should take a life insurance for 10 years or 20 years depending on the age of your children. If you have no dependents then you will need less cover. A life insurance will give your family an income as long as they need it. It will take care of your loans even after your death. A life insurance could help to maintain your family's standard of living and makes sure that your children have all the opportunities even after your death.
What is a Term Assurance?
A Term Assurance is an insurance policy taken for a fixed period of time. For eg. 10, 15, 20 years or more. You are guaranteed a fixed sum if you die within that period. No payment is made if you survive during that period.
What are the other types of insurances?
There are different types of life insurance policies.
a. Mortgage Protection: If you have mortgage on your home, Mortgage Protection will clear your mortgage when you die.
b. Specified Illness Cover: It gives you the money when you are still alive. It helps you pay your medical bills if you are out of work. So you can get better without worrying about your medical bills.
c. Whole of Life Cover: If pays you a lump sum whenever you die.
d. Over 50s No Medical Cover: Anyone above 50 can get this insurance policy. The advantage is that, no medical questions are asked. All you need to do is fill in the application and get immediate cover. For the same reason, the price of this cover is higher when compared to other policies.
e. Income Protection: Those who are self-employed should consider Income Protection. It usually pays you almost 3/4th of your annual income if you are out of work owing to illness or disability. This policy contains a deferred period, which means you have to show that you have been out of work for a minimum of 13 weeks.
What are the important points to consider before taking an insurance policy?
Check out the policy benefits or the sum assured on your death. You must decide on what type of cover you want. You will need Whole of Life Cover if you want cover that will pay whenever you die. Specified Illness Cover usually pays out 80% of the sum assured if you are diagnosed with a serious illness.
What are the details you need to give to take life insurance?
You have to fill in an application form giving details about your medical history and lifestyle. Depending on your age and the type of policy you are opting for, your insurance agent will ask you to get a medical certificate. You need to give details truthfully if you want your dependents to get compete benefits of a life insurance.
Is it possible to cancel an insurance policy?
You can cancel your insurance policy during the cooling off period - that is within 30 days of issuing the policy. You will get a full refund of any premiums paid.
Visit Manning Financial, the leading financial advisor in Ireland. They provide an advice regarding financial planning and also about life insurance in Cork


Article Source: http://EzineArticles.com/9341919
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Ghost companies








False life insurance fraud is perhaps the most sensitive kind of insurance scam, since larger frauds are often discovered only after the death of the insured. Although buyer frauds are very common, and can even lead to the murder or suicide of the insured in order to cash in their insurance, this article focuses on seller fraud, where those selling or claiming to sell insurance are involved in the fraud.
Fake websites and agents
These exist for the sole intention of obtaining an unsuspecting person's money, usually through credit cards. Websites may be made to look like those of a genuine insurance company, or may represent a completely bogus organization. These can be recognized in a variety of ways, the easiest of which is to check whether the web address starts with https:// - this is a secure site and payment information can be entered here. Often, links to fake sites will be emailed to you, so check if the email is from a public account or your insurance company's account. Furthermore, hovering the mouse pointer over a link in the email will tell you if the email was sent from the same site, and not a fake one. It is important to remember that no bank or insurance company will tell you to "renew information" through an email. If you receive such an email from your bank, verify it by calling them, and not on the number given in the email!
Fake agents are a little trickier to detect, since both real and fake ones will approach you personally and advertise policies. Thieves collect premiums and do not pass them on to the insurance company. As a general rule, verify with your company beforehand if they have any policies and whether they have sanctioned agents to collect premiums.
Ghost companies
These "companies" are really just groups of con artists operating out of a single room, who dial their targets and sell them policies, claiming to be certified or licensed. The smartest thing to do is to check with your state or national insurance department whether these companies exist. As always, do not hand over credit card information over the phone, and ask around for any news on insurance scams.
Churning
This involves selling or advertising unwanted policies with an intent to generate commissions rather than yield any genuine benefits to the customer. For example, an annuity plan that generates cash but only after 15 years is unlikely to be popular among 60-year olds. Hiding the disadvantages of this plan, which often include paying large penalties or surrender fees in order to receive payment earlier, is often involved.
Similar to churning is selling plans that over or under-cover the client, only to generate commissions for the broker. The best way to avoid this kind of fraud is to run one's account independently, without letting brokers have discretionary authority over buying policies.
Insurance companies have the services of surveillance investigators and often an in-house insurance fraud investigation unit to help them tackle buyer fraud, but you will have to get by with common sense and vigilance. There is no such thing as "extra careful" when it comes to your financial matters, especially life insurance!


Article Source: http://EzineArticles.com/9324341
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