Guidelines for Saving Money on Home Insurance

Home insurance can be incredibly costly and often times people don’t know what they end up with, they just pay the bill. There are a few things that you can do to make sure that you are getting the discounts that you deserve and that help keep the cost down:

Compare prices – You should never buy the first policy that you come across. Shop around at different places and talk to agents if possible. Doing this will ensure that you get a fair price, and will allow you a chance to see how the agents interact with their customers.

Calculate insurance first -If you look at the cost of insurance before you buy or build a house you can end up saving yourself a lot of money. Sometimes certain homes will come with higher insurance price tags if they have too many stories or are near a lake or ocean.

Raise the deductible – Giving yourself a higher deductible will keep your monthly costs down quite a bit. The one downside to this is you will have to pay a little more out-of-pocket if something were ever to happen to your home. Generally you won’t notice the higher deductible since rarely is there ever a large disaster. You may also need different types of insurance for different disasters as well. This will depend on where you live, but you can always opt out of disasters that are very unlikely in your area.

Only insure your house, not your land – Your home value will include the land that it sits on, so if something were to happen to your home, your land is already covered. Since no one can take your land and it is less susceptible to natural disasters, insuring it is normally a waste of money.

Security systems – Installing almost any kind of security system will allow your rates to drop as well. This would include fire alarms, burglar alarms and carbon monoxide alarms. Each one of these generally comes with some kind of discount from your insurance company.

Ask – Never be afraid to ask for more discounts. Often times there are discounts that you either are eligible for, or could be very easily f you change something minor. These small changes will add up to big savings in the end.

Private vs. Government – Depending on where you live, there may be the option of going with government insurance companies. You can find these by looking for any governments firms in your area and talking to them about particular savings you can get. These firms are normally found in areas with very high risk properties. But still get private quotes to make sure you are getting the best price.

Group insurance coverage- See if you qualify for any of the groups that your company offers. These groups tend to come with savings.

Multi-policy holders – In general you can find decent discounts when you stick with one company for several different types of insurance. This would mean that if you were to get your home insurance through the same company that you have your car and life insurance through, you will be saving money. Plus you will only have to deal with one company if something major were to ever happen.

Built in protection – There are many things that you can do to your home that will actually lower your rates. Most times if you redo or reinforce your roof, or install some other type of protection against certain disasters you can get a discount from the company. Check with your local agents to see if there is anything that you qualify for.

Long-term discounts – You should always check around at other companies coverage even if you have good coverage now. This will help you stay informed about current costs and make sure that your company doesn’t overcharge you. You should also ask occasionally about long-term discounts if you’ve been with your company for a few years.

Review policies annually – Always review your policy before you automatically renew it. You will want to look at any improvements that you’ve made in your home and make sure that they are now covered. You will also want to add any high price items that you’ve added to your home, such as antique furniture or artwork.

Keywords: , , , , ,

Exclusive Life Insurance Leads Sales for Long Term Care: Change According to Situation

I hope that currently everybody needs insurance for some reasons. There is a primary reason for parents to get insurance. It is to ensure their children can still have three square meals on the dining table even though the breadwinners are no longer around. For cases where the children are adults, parents may still need insurance specially health insurance, disability insurance or long-term care to pay off medical or hospital bills.

Exclusive life insurance leads sales for long term care to save you which is based on time. Almost every diligence with different levels of workers, there is name negativity. In other words, a job title can sound terrible or distinguished. Would it be a \”garbage man\”, \”trash collector\”, sanitation specialist, or an ecological defense specialist? Society and your prospects put value on a job title depiction

Moreover, confidence means more sales results. The Pros do not call themselves insurance agents. Professional sales pros create results where there was nothing before. To achieve this, the prospects trust and belief in you must be obtained immediately.

People who belong to countries such as United Kingdom may need insurance for final operating expense. Due to the growing population in the United Kingdom, the burial land is becoming scarce. Funeral is increasingly becoming a costly affair. In fact, many people purchase life insurance interment policies so that they themselves can plan to have their funeral carried out to their own wishes.

As of today, you are not regular as an insurance mediator. The word \”agent\” sounds like you are a automatic slave under the command of an insurance company. You are not a replica, but a single sales entity who is a determined professional. Your clients hate most sales agents, yet want to contract with those who are the best in their field. What you call yourself, can determine how quickly you make your prospect hope in you and your product. Please never decide insurance representative or special agent, as these also are viewed in the same manner as mediator.

It is not necessary for us to associate insurance with uncomfortable or unpleasant subjects all the time. There are occasions we can look at the function of insurance beyond protection. People need insurance for protection. However if the protection needs are fulfilled or no longer significant, it is time to move from the \”needs\” to the \”wants\” of the customers.

Again, people don\’t need to provide to charitable business. If they want to make donations to charitable organizations using policy proceeds, insurance policy can be an instrument to achieve this purpose. To some people, this could be a more meaningful way to help the needful. Imagine we can still help the orphans and homeless folks when we are no longer around. Some people may find this a pretty cool way to earn themselves one more day in paradise!

Keywords: , , ,

Life Insurance Settlement ! Sale of a Life Insurance Policy!!

A Life Insurance Settlement is the sale of a life insurance policy to a third party in exchange for a cash settlement in excess of cash surrender value of the policy, even if none exists! This is also called as Life Insurance settlement, Insurance settlement or Senior settlement.

This innovative wealth and estate planning tool removes the burden of expensive insurance premium payments in addition to providing the lump sum cash settlement. This allows policy holders to get cash out of their policy, in an amount in excess of the it\’s cash value (if any), while they are still alive. To get the highest life settlements is to improve the quality of life during your retirement years.

Life settlement: When an individual who does not have a terminal or chronic illness sells a policy for other reasons, including changed needs of dependents, wanting to reduce premiums, and cash for meeting expenses, that is known as a Life settlement.

Viatical settlement: When an individual with a terminal or chronic illness sells his or her life insurance policy that is known as a viatical settlement.

Hitherto, elderly Americans with life insurance policies they do not need or cannot afford to keep up have had little option. They will let the policies lapse or sell them back to their insurers. Now lots of them are glad to have an alternative buyer. Clients may now be able to sell their policy for far more than the cash surrender value the insurance carrier would offer.

The life insurance policy owner sells his or her contractual rights under the policy at its present market value in exchange for a lump sum cash payment, which payment exceeds the cash surrender value of the policy. The purchaser of the policy will then become the new owner and the new beneficiary of the policy and is then responsible for making all of the future premium payments. The new owner now collects the full amount of the death benefit when the insured dies.

Life Insurance settlement or Life settlement present a unique opportunity to the policy holder to extract the maximum possible value from an existing life insurance policy and repurpose those funds for whatever financial needs may exist.

Clients will often ask if there are any restrictions on what the cash payment can be used for. The answer is that there are no restrictions whatsoever on what the cash payment can be used for. They can use the money to purchase new insurance, travel the world, start a business, buy a property or fulfill their dreams. The money is theirs to simply enjoy and use it for any reason they can think of. In fact, seniors can use the cash settlement for medical expenses, living expenses, or anything they desire, with no restrictions.

There are various reasons why individuals sell their life insurance policy.
Why sell a life insurance policy?

1. If you are chronically ill, selling your current life insurance policy provides needed funds to cover financial burdens caused by your illness. A viatical settlement gives you the ability to regain needed financial security.

2. If you are over the age of sixty-five, a life settlement maximizes your current assets by eliminating premiums and getting funds that can be used today.

3. Pay off debts

4. Make funds available for other investments

5. Turn a lapse insurance policy into cash

6. Pay your medical care bills

7. Finance your retirement

8. If you are a corporation, selling corporate owned life insurance lets you regain back premiums paid on no longer needed policies.

9. If you are a non profit organization, selling a gifted life insurance policy provides funds that can be used now and also eliminates premiums.

10. If you managing an estate, selling your current life insurance policy will help manage changes in estate size, eliminate premiums, and liquidate policies that no longer are needed.

How much money will the clients get when they sell their life insurance policy?

The value of a life insurance policy is determined by a number of factors, including, but not limited to,

1. Face value of the policy
2. The age and medical condition of the insured
3. Estimated mortality of the insured
4. Loans against the policy
5. Rating of the insurance carrier
6. Cash value of the policy
7. Type of policy and prevailing interest rates
8. The net death benefit
9. Premium payments required to keep the policy in force

Typically, a life settlement is about three to five times the cash surrender value of the policy.

What Life Insurance Policies Qualify?

To find out whether you qualify, here are some of the requirements.

(A) Must be at least 65 years of age
(B) The face value of the policy is at least $50,000
(C) The insured has experienced deterioration in health since the insurance policy was issued; life expectancy is under 15 years
(D) The insurance policy is in effect beyond the two year contestable period
But any policy owner, including individuals, corporations, charities or trusts, may sell any life insurance policy, including group and term policies.

What types of polices are purchased?

1. Government issued policies
2. Term Life
3. Universal Life
4. Survivorship policies
5. Many Group types of policies
6. Corporate Owned Life Insurance
7. Whole Life
8. Basically All Types of Life Insurance Policies

Experts at Financial-Ease assist in achieving the highest value for their client\’s life insurance policies. Their goal is to get you the highest price for your life insurance policy. Their mission is to serve clients with highest offers with honesty, integrity and confidentiality and get fast closings and payments

The life settlement value could be potentially much higher than the cash settlement of your life insurance policy. Don\’t continue to pay expensive premiums for coverage you no longer need, and don\’t surrender the policy or let it lapse. The Life insurance settlement solution is typically the Win-Win scenario that you have been looking for.

Keywords: , , , , , ,

What is Whole Life Insurance? a Layman\’s Explanation

What is whole life insurance? How does it differ from term life insurance or universal life insurance? How do you know whether this type of insurance works best for you? Read this article to learn the answers to your question.

Simply defined, whole life insurance is an investment that pays you back when you retire. Your premiums collect interest to create an annuity, which is an investment that builds on another investment to help you earn more money. In this case, an annuity also works to provide you with life insurance benefits in the event of your unexpected death.

This type of insurance policy can be an excellent investment in the event that you don\’t have a retirement program. It protects your family in two different ways. First, if they lose your income as a result of your death, the payout helps to cover the expenses your salary would normally cover.

Whole life insurance can also become a retirement savings program. Many policies offer holders an option for cashing out their policy upon retirement. This can provide a valuable nest egg to shield policy owners from the harsh realities of living on Social Security income.

In addition, whole life policyholders can borrow against the value of their policies. This can be especially helpful when unexpected home expenses, such as replacing the roof or heating system, arise. Alternatively, they can borrow against the policy to help pay college tuition and other educational fees.

Most whole life insurance policies allow you to add additional riders for your children for a small fee. When your children turn eighteen, they can convert this into a life insurance policy of their own. In the devastating circumstances that your child dies, the policy will also cover funeral and burial expenses.

You almost always pay higher premiums than you would with term life insurance. Most whole life policies, however, guarantee that premiums will never increase, even if you develop serious health problems. Furthermore, you will have the premium for your entire life; you will never have to look purchase another insurance policy for yourself again.

What is whole life insurance? It is an investment that offers policy owners a secure way to meet their financial needs after retirement. It also allows them to protect their families in the unfortunate event of their death. Whole life insurance is security you can trust.

Keywords: , ,

Quotes – How To Easily Compare Life Insurance Policy Details To Get The Best Deal

You can easily compare life insurance policy quotes and the differences between each policy. The most important thing to remember is that each company has different policy riders and provisions that dictate the not only what the benefits of the policy are, but how they are paid, when they are paid and what happens if you miss a payment.

I\’ll cover where to look to compare life insurance policy details in a moment. First, let me explain one very important and FREE provision that you should look for in a good policy.

It\’s called an \”Automatic Loan Provision\”.

Let\’s say for example, that you\’ve got a $200.000.00 whole life insurance policy that you make monthly payments of $29.00 for. A few years into the policy, you become very ill and aren\’t able to handle your personal finances. Let\’s say that your spouse has no idea that you even make this payment and the payment goes unpaid for three months. What would happen in this situation?

If you don\’t have an \”Automatic Loan Provision\” built into your policy, your family will not receive the death benefit of your life insurance. Having this provision included, the cash value of your whole life policy will actually be automatically loaned against to pay your monthly premiums, keeping your policy in force. Then, in the event of your death, the amount of money loaned to pay your premiums is deducted from the amount paid to your beneficiaries. It\’s a great provision to have included in your policy and best of all, there\’s NO CHARGE for this to be included in a policy.

Recommended Site: http://lifeinsurance4all.com is a FREE life insurance quote calculator that allows you to compare top companies, policy details and quotes side by side.

Thank you for reading,

Christy Love

Christy Love is a retired life insurance agent with over 30 years of experience in helping people protect what matters most… their families. As an Ezinearticles.com expert author, Christy enjoys sharing her knowledge of life insurance with the online community.

Article Source: http://EzineArticles.com/?expert=Christy_Love

Keywords: , , , , ,

Information On How To Buy Auto Insurance Online

Finding an auto insurance online has been made easy for us with the creation of the internet. Not only do we have access to the list of car insurance companies; we can also get auto insurance quote online for free.

The internet is flooded with thousands of insurance companies, insurance brokers offering auto insurance rates and auto insurance quote. Finding them is a matter of few minutes and few clicks on the mouse.

The best thing about getting auto insurance is the competition among the companies. Because of such competition, many of them offer the cheapest auto insurance rates. Shopping for the best auto insurance rates on the internet allows you the option whether or not to talk to an agent.

Before you start surfing for auto insurance online, have your old policy ready so you can refer to it for some of the questions you will have to answer. You will also have to know the basic insurance coverage you want, so look this up in your old insurance.

Do comparison shopping on various insurance rates and insurance quotes. Rates can vary as much as $1,000 between companies. However, before you provide information, it is important that the site you are visiting is secured and encrypted. You can know about their terms by reading their private policy.

To save money on your insurance premiums, Increase your deductible. When you raise your deductible by a few hundred dollars, you can save as much as 50% on you insurance premiums. You can calculate your specific savings when browse auto insurance quotes online.

Drop your collision and comprehensive coverage, if its cost is more than the expenses for car repair. This is particularly helpful when your car is an older model. Normally, the cost for collision coverage can reach as high as $450 a year.

Keep and buy your insurance with your other insurance such as homeowners insurance or mortgage life insurance. It can actually save you 15%. It will be even better when you use one company for all of your insurance needs. An additional 15% savings can be had.

Remove duplicate coverage including your medical, if you already have this coverage under your health insurance policy. You can also drop your towing coverage, if you are covered by your AAA club.

Install a security device on your car, such as burglar’s alarm or other similar anti-theft device. This will entitle you to a discount on your premiums. If you are not sure if the insurance company you want to buy auto insurance from offers a burglar discounts, ask. Contact them and to get a discount on your insurance rates.

Also ask the insurance company about how they process claims. Some companies are slow in doing this and can take a long time. Others have poor performance in this area and you will be disappointed with their service.

There are sites that devote their websites to reviewing auto insurance online companies. Check out some of these sites to see if they talk about the company you want to buy insurance from. This will save you from buying the wrong insurance.

Keywords: , , , ,