Posts Tagged ‘Term’

Car Insurance – Cheap Low Cost Health Insurance – Buy Term Life Insurance Online

Article by insquodom

It’s easy and user friendly, that keeps the consumer in control of finding the cheapest and best coverage auto insurance policy for their needs. Another advantage of these car policies is the availability of a monthly repayment plan. Traveling can be a whole lot of fun especially for holiday travelers looking forward to some rest and recreation. Many insurance companies consider several factors before they agree to provide car insurance. Simply visit for more detailed information regarding on how you can buy temporary car insurance online. Again, if one’s car is out of action or is stolen, an alternative and similar car is made available till such time as the claim is settled. For example, if you are driving a fire red corvette around, you better believe that you will be getting the furthest thing away from a cheap rate. They will ask about your driving record, whether you have had any accidents. If its being used for business and your insurance is just for personal use, if you happen to get into an accident, your insurance company might not pay the bill. Car insurance policies at Quinn have a series of great benefits associated within them. When traveling by car to another country, such as Mexico, it is important to know that American liability insurance will not cover accidents that you may have in Mexico. There are many insurance companies catering their service but you have to go for the one, which will offer low cost at the same time, and the services should be above average. If you are shopping around for auto coverage there are a number of things to watch out for when making car insurance comparisons. Body shops have to deal with insurance companies on a daily basis, so they will have first-hand knowledge of how well each company handles its claims and payouts. You will see the amount of coverage you are getting, how much the benefit is for the coverage, the duration of the policy. You can find out where your cars risk factor stands at the Insurance Institute for Highway Safety ( Prestige car insurance also makes it possible for one to have a repairer of choice as well as superior service in the event of claims. The basic requirement from prestige car insurance is not just insurance premiums as such. When it comes to insurance for these high value cars, run of the mill or normal insurance would not do as it would not be adequate to meet the high standards of discerning high net worth customers. Your first reaction on hearing the term discount car insurance plan may be surprise. People, particularly students, who want to drive back home during holidays could not afford the money to buy a personal car, or could not gather a auto insurance for a relatively short distance because of the higher cost involved. This allows you to quickly and easily see which company is offering the best price for the services you need. Using this plan, you can pay for your auto insurance on a monthly basis and do not have to struggle to find money to get your premium paid upfront. Some of these things you have control over and some of them you don’t. Very rarely would you find a credit card that offers primary accident coverage. When you’re doing your car insurance comparisons, once you’ve found a number of strong companies and determined the type and amount of coverage you need you’ll want to find out which company offers you the best price. Finding a cheap car insurance quote online, is a safe and secure way to compare prices in the privacy of your own home. You will see the amount of coverage you are getting, how much the benefit is for the coverage, the duration of the policy. For example, if you are driving a fire red corvette around, you better believe that you will be getting the furthest thing away from a cheap rate. By comparing the quotes of a number of different companies you could potentially save hundreds of dollars every year by going with a company that offers the type and amount of insurance you need at the best price. You will see the amount of coverage you are getting, how much the benefit is for the coverage, the duration of the policy. In most cases acquiring second car insurance involves a simple phone call to your insurer to add the car to your primary policy and will not require an expenditure of funds to make the addition to your primary policy. Hence your dream of low cost car insurance will become a reality. With Erie car insurance an individual can look forward to free road side assistance on a 24-hour basis.

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Learn more about Car Insurance | Cheap Low Cost Health Insurance |

Know About The Basic Difference Between Permanent Life Insurance And Term Life Insurance Policy.

Article by David Livingston

Both of them provide death benefit on the death of the insured, yet there is a basic difference between whole or universal life insurance and term life insurance policy. Let us examine that:

The whole or universal life insurance policies are valid for the life of the insured. However, term life realizes that nobody needs lifelong insurance coverage and so it is sold for a fixed term only.

The premium you pay in a term life does not buy you anything other than death benefit; but in a permanent life insurance policy, a part of the premium is diverted to a separate account to develop the cash value.

Consequently, the term life cannot offer you any investment opportunity, but since the whole amount is utilized to develop the face amount, you can have a large death benefit at a low rate. Contrarily, the permanent life insurance policies provide financial benefits in your lifetime only; but the death benefit they offer is comparatively much less.

Choosing the right kind of policy becomes easier if we have a clear idea about such differences. Being aware about the working of each policy is also important. It is sad that in these days of consumer awareness, a life insurance policy is bought rather blindly. Indeed, people generally buy whatever their agent or broker recommends and they recommend what suits them most. Consequently, you are often laden with least suitable policy.

If you actually care for your family, you should put a little more effort in selecting the right kind of life insurance policy. Many online articles provide detailed information about different life insurance policies; read them. Quotes too can provide quite a lot of information, if you care to study them carefully. Of course, the process of policy purchase always starts with receiving quotes. Always receive life insurance quote on line; that is the easiest way to do that.

Along with choosing the right kind of policy, choosing the right insurer is important too. Make sure that the carrier is financially healthy and its claim payment record is impeccable too. You can check all these through credit rating companies. Do not neglect it or if you die premature, your family will have to run from pillar to post to get what is their due. Apart from, you too must do your part well. Negligence on your part may also result in non-payment or at least delayed payment of claims.

Now, let us go back to where we started. Choosing the right kind of policy is essential. You may find it surprising; experts today recommend only term life for insurance purposes. They say that the whole or universal life is suitable for only those, who do not have any kind of financial discipline. You see, a term life is far cheaper than these permanent policies; if you only put in the difference in their rates in suitable investment fund, you will get a much better return.

What is more, should you indeed die while a term life is still in force, your beneficiary will get both the death benefit and the investment amount. In case of whole or universal life policy, the insurers will pay only the death benefit. Indeed, with death or endowment, the insurance companies always keep cash value built up using your money. That is why, if insurance is your main aim, go online to receive cheap term life insurance quotes and start the process of purchase.

However, how cheap the term life insurance quotes will be, partially depends on you too. If you are already on the wrong side of fifty, you can never get the coverage at cheap rate. To receive cheap term life insurance quotes you have to be young and healthy with the right body mass index. Moreover, you must not use tobacco in any form; your and your family’s medical history should also be all right; most of all, you must apply for a traditional term life insurance policy. No medical term life insurance may be convenient, but it is also rather expensive.

You must realize the policy prices depend mainly on the insurability of the person and the insurability depends on lot of factors such as your age, gender, tobacco use, whether or not you are suffering from certain diseases as well as hereditary factors. Although the insurers can have a partial picture about your insurability through medical banks and other agency reports, without the medical exam, they cannot come to any definite conclusion. That is why such partially underwritten policies are rather expensive. Yes, they provide instant coverage and there is not much hassle involved in the policy purchase. However, if rates are an issue, you must avoid them at any cost.

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Article by David Livingston of EQuote, who is a specialist in everything life insurance. For more information on term life insurance

Term Life Insurance-economic Sense?

Article by George Braggen

Purpose of Life Insurance

If you die, life insurance is designed to provide financially for those you have left behind and have listed as your beneficiaries. In buying life insurance you, the insured, enter into a legal contract with the insurance company, also known as the insurer. Basically, the contract states that if you make your monthly insurance payments in a timely manner, your family or other beneficiaries will receive a specific amount of money when you pass on.

Although some may find the idea of life insurance distasteful, it is considered to be essential in protecting the fiscal health of your spouse and children should they find themselves fiscally taxed due to your death.

Types of Life Insurance

There are two primary types of insurance: permanent life and term life insurance. Each provides specific types of protection for your loved ones.

Term life insurance, the simplest form of life insurance, is designed to protect your family for a specified length of time or “term.” Term policies, which range from 1 to thirty years, provide a one-time death benefit but no cash savings. This means term policies only provide benefits as long as the insured has paid the premium, which is the cost of the insurance. Premiums are divided into equal monthly payments that are assessed for the entire period of coverage. If you bought a policy that covered you for a three-year term, then you would make 36 equal premium payments on that policy.

Permanent insurance is designed to offer both a death benefit and an investment return after a length of time. Because this type of insurance offers a long-term savings plan, premiums are higher than those for term life insurance. Common types of permanent insurance are whole life, universal life, and variable universal life.

Term vs. Permanent

Term life insurance is especially appropriate for those who desire coverage for a specific length of time and who have limited funds. Because it is less expensive than permanent insurance, term can offer more coverage for less money. This is useful to people who have children, mortgages, and various types of loans. The right amount of term can cover these expenses and more. However, if you still desire coverage after a term policy’s period ends, factors such as poor health and age will result in higher premiums when you buy a new policy.

Permanent insurance, although more expensive, allows policyholders various benefits, including a premium that will not change as you age or if your health deteriorates. Also, permanent insurance will usually accrue monetary value, offering the policyholder a return on their investment that they can access as worth builds.

Whole or ordinary life is the most common form of permanent insurance. With whole life your premiums and the face amount of the policy are fixed over the life of the policy. Your premiums must be paid regularly. A more flexible policy, where you can pay premiums at any time in just about any amount, is universal life. With this kind of coverage, you’re allowed to modify the death benefit amount according to your needs.

A variable life policy carries both a death benefit and monetary value. The value of this policy is dependent upon the performance of investments. You select the investments for your portfolio and the better they perform the higher the death benefit and cash value of the policy. Some policies offer a minimum death benefit regardless of how your portfolio functions.

Variable-universal life carries elements found in both variable and universal life. You get the risks and possible rewards of a variable policy and the flexibility of universal coverage.

Choosing a Life Insurance Company and Policy

There are some important things to consider when buying a policy. Be sure to shop around before buying life insurance. Consumers can buy insurance directly from an insurance company via the Internet or over the phone. Buying this way is usually cheaper than going through an insurance agent because the agent receives a commission, called a “load,” when they sell a policy.

The life insurance industry is very competitive with hundreds of companies offering policies. This is a benefit for the consumer, because competition tends to aid the buyer; however, this can also be seen as a detriment because the range of choices can make finding the right policy from the best company daunting. Your search will be easier if you consider four basic criteria in making your selection-rates, budget, service, and stability.

Rates: Because it is such a competitive business, life insurance rates vary greatly from company to company. Find three to five policies with attractive rates for the amount of coverage you desire.Budget: Once you’ve found these policies, be sure the premiums are within

Guide in Choosing Term Life Insurance

Article by Laureen Cownie

Are you confused as to which type of insurance you are going to choose? There are good insurers in Australia to choose from. The following are some guidelines to help you determine the best type for you, and the best term insurance rate that suits your budget.

What Do We Mean by Term Life Insurance?

It is a type of insurance wherein a person is insured within a specific period of time or “term”; say, ranging from ten up to thirty or forty years, with a specified monthly, quarterly, or yearly premium. The company will pay the agreed lump sum amount in the event of the insured’s death or terminal illness [i.e. an illness from which you are expected to die within 12 months, according to a medical practitioner], thereby allowing for an advanced payment). This type of policy usually has an exclusion for if death is due to suicide in the first 13 months. Term and Whole are the two basic options in choosing life insurance. It is important to fully understand each type of insurance before making your decision.

On one hand, term generally has cheaper rates as compared to whole. This allows the insured person to purchase more insurance for less money and frees up room in his/her budget for other things.

The rate should stay the same the entire length of the term, but once the term ends, the insurance also expires. This makes its rate lower compared to lifetime insurance. Technically, the insured person does not take the money at the end of the term policy. The only way for the company to pay out is when the insured passes away.

On the other hand, whole life insurance lasts for a lifetime provided that the insured continually makes the payments on the policy. This type usually provides an option for the insured to cash out the policy and the money he/she has paid for anytime during the insured’s lifetime. In such a case, it will cancel the policy, but may provide financial assistance as needed. Its cost is much higher, and the rates of return are usually much lower than normal investments.

Term life insurance is generally the best type of life insurance to purchase. Considering its lower cost , this allows the insured person to pay off his current debts and still have enough left for the spouse and children to survive over the years. While the cost of a whole life insurance is higher, its return money, however, is lower as compared when the same amount is invested to a mutual fund.

Although term insurance looks simple enough, here are some advice to help you save money and get the best term life insurance rate:

1. Find a guaranteed renewable term insurance policy. For example, you purchase a 10-year term life insurance policy. After the 10 years are up, you want to make sure you can renew that policy for as long as you want, regardless of your health.

2. Ensure that you get a fixed premium term insurance policy. Most term insurance premiums are fixed, but some term insurance companies may offer a fixed premium for the first few years but then the premium may increase. If the premium seems drastically lower than those found at other companies, ask them if the premium is fixed for the life of the term. Always ask for an insurance quote.

3. Do a lot of research before you choose a company. Term life insurance can be search online. Premium prices and the term of the policy can vary dramatically. Look for an insurer that is willing to provide you a quote first before they must meet with you. Getting a term insurance quote online is a quick and easy way to compare company prices in the privacy of your home and since you will be able to compare many different companies, you will be able to choose the term insurance rate that best suits your budget.

This serves only as your guide. You can start making inquiries about life insurance in Australia. Hope this simple guide helps you.

About the Author

Insure4U has all your insurance information from life insurance to income insurance. Let us guide you through the process of finding the right insurance for you and your loved ones.

More Life Insurance Articles

Life Insurance after 50-Senior Term Life Insurance, Graded Benefit, Whole Life Insurance

Article by Angela Rosas

For consumers aged 50 and up, shopping for life insurance is a different experience than for most. For example, life insurance policies for the 50-and-up individuals are likely to have lower face amounts and higher premiums. There are reasons for this and there are life insurance products that can fulfill an older shopper’s needs.

Why does senior life insurance cost more? While the possibility of a death may be distant for younger customers, the possibility of death grows more likely for senior life insurance consumers and life insurance carriers raise premiums in order to cover the future expense. Anticipate higher premiums and understand that with age comes greater risk. Also use caution when selecting your policy from the life insurance products available; your selection could actually hurt your finances.

Term Life Insurance: Despite the greater costs, do not allow yourself to believe that you have to settle for overpriced premiums in exchange for senior life insurance. Senior term life insurance can still be attained at affordable rates. As with most term life insurance policies, premiums are a fixed amount for the length of the policy, as well as the amount death benefit. The death benefit will be paid if the insured dies during the term of coverage outlined in the contract (usually 5-30 years). Senior term life insurance is most likely the most affordable option.

Graded Benefit: Graded benefit whole life insurance guarantees you a death benefit (without a policy expiration date). However, it does not guarantee you a death benefit of the policy’s full-face amount. For example, if you die within the first two years of the policy, you will only be guaranteed the premiums you have paid, plus interest. Consequently, graded benefit whole life insurance is almost like a gamble: insured individuals need to survive for a least a couple of years in order for a decent benefit to be paid, but if they live too long, their costs can end up exceeding their actual death benefit.

Graded benefit whole life insurance can be expensive, but it can easily lure shoppers because of its promises of how little coverage costs per unit. A single unit will only purchase a very small amount of death benefit, possibly 00 (the actual amount depends on the age of the buyer). This is not a bad type of life insurance per se; however, it is not suited for a majority of life insurance customers.

Single Premium Whole Life Insurance:Single Premium Whole Life Insurance is another life insurance product customized to the needs of senior shoppers. Single premium whole life insurance guarantees a complete death benefit and requires only a single premium payment, paid at the beginning of the policy. The purchaser gives money to the insurer with the assurance that the insurer will pay a greater benefit amount later. What sets apart the single premium whole life insurance policy from a loan is that the time of the benefit payment is uncertain, but the amount to be paid is fixed and guaranteed. This life insurance product is often used for making a charity donation.

About the Author

Angela Rosas is a writer/blogger in the life insurance industry.

Reasons to Convert Term Life Insurance to Permanent Life Insurance

Term life insurance may make sense now, when funds are low and insurance needs are high. But this may not be the case a few years down the road. That’s why when you purchase term life insurance you should make sure there is a convertibility option within your contract. A convertibility option allows you to convert your term life policy into a whole life policy within a stipulated time frame, without having to prove insurability. When your financial position becomes more stable, you may want to opt for whole life insurance that adds a savings component to your policy. Your premiums accrue interest while providing your family with life insurance coverage.

Advantage of Whole Life Insurance

The first question that comes to mind when considering conversion from a term life insurance policy to whole life is: Why would I trade in my inexpensive term life insurance policy for a more expensive whole life policy? You’re not! Whole life has several advantages over term life insurance and there are good reasons why you should consider converting your term life insurance policy to whole or permanent life insurance:

Whole life has a savings component. A portion of the premiums you pay accrues interest which adds to the face value of your coverage.
As you age, life insurance companies consider you to be at higher risk of death. Therefore, premiums go up. If you suffer from any health issues, your premium rates will go up even further. If your term life insurance ends when you are say, 50 years of age, and you still feel the need for life insurance (most people do, at least to cover funeral expenses, etc), life insurance at this age may become an expensive proposition.
With whole life insurance, premiums remain steady throughout life. Since you do not have to worry about your policy terminating after a certain term period, you need not worry about worsening health conditions or increasing age affecting your premium rates.
If you’re hard up on cash, you can borrow money from your whole life policy up to a certain amount, without any questions asked.
Whole life insurance offers lifetime coverage. You must pay premiums up to the age of 100, but when your whole life policy reaches a certain maturity level you can use the interest accrued to pay premiums. If you are still alive after the age of 100, you need not pay premiums but your coverage is still in effect.
The interest accrued along with the face value of the insurance policy is tax-deferred.

Term Life Insurance – Advantages of a Convertibility Option


By using your convertibility option you will be able to convert your term life insurance policy to whole life without have to prove insurability. This means you do not need to go through a medical examination. However, your premiums may go up based on your age at the time of conversion or, in some cases, premiums may be calculated on the age you were when you originally purchased the policy.

You have the option to convert all or a portion of your coverage to a whole life policy. For instance if you purchased a 0,000 term life insurance policy, you could convert 0,00 to a whole life insurance policy and keep your term life insurance coverage at 0,000.

Most term life insurance policies with a convertibility option stipulate a time period within which a term life insurance policy can be converted to whole life. It may be a specified time period after the policy has been issued, or before the policy owner turns a certain age. Before you decide to convert your term life insurance to whole life, you should take financial stock of your life and assess your probable financial position in years to come. Ask yourself questions such as: Do you expect your insurance needs to diminish as time elapses? Do you expect to pay off all your debts before you reach retirement age? Based on your family health history, do you expect any changes in your health as you age? Will you be able to leave enough money behind to pay off your funeral expenses and estate taxes, if any? Many people like to use a life insurance policy to leave wealth behind to their children or grandchildren. Consider your needs and how converting from term life insurance to whole life would benefit you and your family.

What if your term life insurance does not have a convertibility option?

If your term life insurance policy does not have a convertibility option, switch to one which

Own An Instant Term Life Insurance And Secure Yourself Everyday

Article by David Livingston

Today, even before, many people tend to acquire an insurance because many are available in very reasonable costs. A very good example of a coverage that offers lower rates is the instant term life insurance. This offers rates that do not change for the whole term. This type of insurance is very popular among many individuals all over the country because of its cheap and flexible rates

By acquiring the instant term insurance an insurer is able to assure himself that his family will be taken care by the life insurance with the sum assured amount in the event of his death. Nominee of the life coverage will alone be able to claim the amount only on presentation of a death certificate

One has to bear in mind that these life insurance policies provide death coverage and should never be treated as a saving instrument as they do not offer any cash benefits if the life insurer survives the term period. Though it is, insurance companies offers such insurer to renew their term or choose a better policy. Since the renewed policy carries extra benefits, their life annuity premium rates are also high. Some policy allows the insurer to build up the cash, so that he can make use of it for other future expenditures. Do remember that the insurer should act in the most matured way; such that he does not ignore the premium payment

On the other hand, when life insurer fails to pay the premium amount on the due date, he will end up paying late payment charges. The late payment charges are computed based on the life insurance type chosen by the insurer. It is unwanted expenditure even though the late charge is a very small percentage compared to insurance premium rate. Thus honoring the premium rate on or before the due date, will help individuals avoid paying this penal charges

Several tips on how to acquire an instant term life insurance:1. An applicant has to be in perfect health condition because every applicant undergoes a medical verification before he can continue with this application.2. The applicant should not be engaged in any dangerous jobs that put his life in peril.3. A driver must have good track records to be able to pass the instant term insurance requirements.4. Smokers should quit smoking for at least a year to qualify for a term life.5. It is encouraged for every insurer to apply while still young because older insurers might be charged with a higher premium rate

Many people who applied for an instant term life insurance do not pass the medical requirement because of some health reasons. But still they can apply for an insurance. They will be offered a life insurance no exam. This type is offered mainly to people with this kind of problems and to those who do not wish to get physically examined. Insurers who get this type of insurance should be financially responsible because this type requires higher premiums. Every insurer has to find other means to finance these life insurance

For an insurer who wants an insurance within his budget, must find from a cheap term life insurance quotes. These quotes would help him to choose a suitable life insurance. It will suggest for a longer obligation in relation to insurer capacity. The rates can be seen through internet. There are also agents who give required information on free service. So, it is up to you to choose the best course

If you think you need lots of information regarding insurance application procedures, visit any offices and get all information you need. They can provide information of all your concerns that confuses you. If you can take some of your documents along with your visit, bring them and present it to the representative. Who knows, you may get a faster approval?

Many busy people don’t have enough time to visit the insurance offices. It is highly recommended that these insurers get the services of a professional agent to handle the task for them. This professional will finish the job for them with excellent results. He cannot allow his client to be unsatisfied with his services. This individual is trained to handle any difficulties that may hamper the processing. A true professional can deliver outstandingly as expected by every client

About the Author

Article by David Livingston of, a website with the best cheap term life insurance and instant term life insurance information in the country.

Who depends on you? In our fast-paced lives, it’s easy to lose sight of what we value the most. If you need a reminder, here’s a video that just might help put things into perspective. Visit for more information and to find an agent. American Family Life Insurance Company Home Office Madison, WI 53783

Related Life Insurance Articles

An Instant Term Life Insurance May Be Your Perfect Choice.

Article by David Livingston

Owning a life annuity is what most people long for in insurance. This gives every insurer the protection and security for his daily activities. With an instant term life annuity, he has the assurance that his family will get the support needed if he passes away. A certain amount of cash will be given to the immediate beneficiary if the insurer dies during the term of the life annuity. The beneficiary may either be the spouse, child, relative, or a friend. The cash benefit will be claimed with the proper documents presented by the beneficiary.

Instant term life annuity is the best option and widely accepted choice amongst people as they offer very low interest rates. People who work on wage earning jobs can also get this kind of insurance policy, apart from the fact that they have to clear the requirements. The first step is to undergo medical test and the test results are further analyzed to determine the type of insurance needed for the individual. The next step is to analyze the wage earning potential of the insured. This is critical as the policy premium is charged monthly and the insured’s ability to pay monthly premium is important point to consider providing insurance.

When one or both the steps do not result in favor of the insured, he/she may not get instant term life annuity. If one has the wage earning potential to pay more towards premiums, there is a slight possibility of getting it provided the applicant has a good medical exam report to support. If medical tests are not cleared, it is extremely difficult to get instant term life annuity. There is another type of insurance that he has to get and be happy with. It is called life insurance no exam.

Life insurance no exam is slightly on the higher end towards premium charged than that of instant term nevertheless they have the same benefits. Here, medical examination is not a must. However, the ability of the insured to pay premiums is analyzed and agreed before the application is processed. Upon completion of the term of the life insurance, the insured has the choice of renewing his policy to an even better life insurance policy. Point to be noted is that the premium charged will be comparatively high the next time.

Every insurer is entitled to his own decisions. He may continue with the renewal without taking a medical examination or he may choose another type that he wishes and go on with the normal processing.

People ideal for life insurance no exam:1. People who have not cleared the medical necessities of a term life insurance.2. People who have the habit of smoking, however does not quit smoking.3. People with poor driving habits and past records.4. People who do not want to take up medical examination.5. Those who just want to take up life insurance no exam only.

To begin with the process of getting life insurance, one must first get to the basics of understanding their needs. This can be made possible with the help of finding out from your friends on how to go about applying. The information you gather from your friends will be the starting point of getting the insurance of your choice. Next step is to browse the website with all the queries you need clarification on. These days anything and everything is available online. Information available from the net can be trustworthy and easy to use.

The information you find in the internet, can be made use to generate instant term life insurance quotes. Ensure that you use these quotes to determine the ideal choice for your need of insurance. Obtain many quotes from many carriers as they are provided free of cost. Once obtained you then have to compare the information gathered from various insurance carriers. Choose the one that matches your need completely on all aspects of the insurance policy.

If you can spare enough time to apply personally, go and visit the life insurance office near your place and inquire inside. All your questions will be answered by the life insurance representative. If you are satisfied with the representative’s explanations, you may apply on the spot and take the medical examination. It is always encouraged to bring all the necessary documents for instances like this.

Get ready to apply for an instant term life insurance now. It is ideal that you decide to find out whether you are in state where you would be able to get life insurance or not. Also, you will be able to know the correct choice of insurance that matches your lifestyle. If you want to get low cost life insurance, ideally you should be young and healthy.

About the Author

Article by David Livingston of, a website with the best

Why Short Term Health Insurance is required?

Article by John Elton

Millions of people are benefited with the excellent idea of health insurance schemes. In the present world of unhealthy food habits, highly polluted environments, stresses in life, the mental and physical pressure due to the insecurity and many other factors affecting very badly the health of populace, meeting the soaring expenses of medical treatments is really posing challenges. Health insurance schemes have been the major attraction in countering the sky rocketing medical expenses. There are many kinds of medical insurance schemes like individual health insurance, family health insurance, group health insurance and short-term health insurance schemes. This article concentrates on short-term health insurance schemes.

What are short-term health insurance options? Why do you require short-term heath insurance? Generally health insurance schemes are offered annually. The payment what you are paying to get a health insurance will cover the medical expenses for a year. But there are many instants in which you and your family require short-term health insurances. It can be individual health insurance or family health insurance. The health insurance companies have already floated many short-term schemes such as insurance coverage for 3 months or 6 months. I will just give two specific examples in which one has to go necessarily for a short term insurance cover.

Assume that you are just leaving you employer and trying to catch up with another employer. Usually there is a period in between the relieving and joining back. This short period you require a health insurance scheme to cover the unexpected medical expenses. You just cannot go ahead without the medical coverage taking the risk of any emergency situations. It can be from 3 months to six months in general. Here the requirement of short-term health insurance arises. Generally in the case of you quitting an employer, you can ask for short-term health insurance coverage from the employer. They will mostly offer you the facility for you and your family for 90 days. That must be sufficient enough to join another firm.

Consider another situation of moving from your place to another region, especially to a foreign country. The health insurance policy operating here is not valid in another country. Your trip may be only for a short duration; you may be in a vacation tour or an official tour. Again you are facing a situation of short-term health insurance requirement. The short term health insurance schemes in this case offer you coverage for the actual number of days in tour, from the day one of your take off to the day on which you return.

In the above situations you are compelled to take necessary health insurance packages to cover up the short period. There are many companies online offering you the services for short-term health insurance. They offer you the maximum discount, as they know you are probably out of job. It is better for you to get premium quotes from many and select the beneficial short-term health insurance policy. You need to do an extensive online search to find out the best short-term health insurance offer.

About the Author

Jon Elton owns and operates a Car Home Life Insurance Quotes website to help while making decision about insurance. He also operates a Cheap Car Auto Insurance site to help taking decision about auto Insurance.
 New TYT Network channels: New TYT Facebook Page(!): Follow us on Twitter: DISCOUNTS: FREE Movies(!): Note: The above two links are for TYT sponsors. Read Ana’s blog and subscribe at: TYT Network (new WTF?! channel): Check Out TYT Interviews Another one of California’s largest health insurers has stunned individual policyholders with news of huge rate increases — this time it’s Blue Shield of California seeking hikes of as much as 59% for tens of thousands of customers March 1. Blue Shield’s plan comes less than a year after Anthem Blue Cross tried and failed to raise rates as much as 39% for about 700000 California customers. San Francisco-based Blue Shield said the increases were the result of fast-rising healthcare costs and other expenses resulting from the new healthcare laws passed last year. “We raise rates only when absolutely necessary to pay the accelerating cost of medical care for our members,” the company told its customers last month. In all, the insurer said that 193000 policyholders would see increases averaging 30% to 35%, the result of three separate rate hikes since October that have been rolled into one for about 7000 members. Nearly one-quarter of the affected customers — 44000 — will see cumulative increases of more than 50% over five months. Blue Shield
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Getting The Details On Term Life Insurance Definitions

Article by Kenny Pace

Buying term life insurance can be a daunting experience for some people. Just like in many industries, insurance policies use words that are defined differently than what the common definition is. As the insurance industry has a vocabulary of its own, the best thing to do would be to educate yourself on some of the key words so that when it comes time to apply for your term life insurance coverage it is a clearer and less intimidating process.

The following is a list of the more uncommon definitions that you will need to understand before buying a term life insurance policy:

1. Proposed InsuredThe individual who is applying for the term life insurance coverage.

2. BeneficiaryThe beneficiary of your term life insurance policy is the person designated by you to receive the policy benefits upon your death. You may designate that the benefits from your policy be allocated to multiple beneficiaries or even a charity. Beneficiary designations may be changed at any time.

3. Date of BirthAge is an important factor in the insurance industry. The premiums you will be charged for term life insurance coverage are based in large part on the age of the proposed insured. Some companies use the attained age of the insured in this calculation, while other companies use the nearest age of the insured.

4. Attained AgeSome insurance companies use the proposed insured’s “attained age” when determining the age for term life premium calculations. This method uses the proposed insured’s actual age in years. For example, if the proposed insured is 39 years and 5 months old they would be classified as a 39-year old, as would a person who is 39 years and 8 months old. Basically, unlike the “nearest age” method, months are not a consideration in attained age.

5. Nearest AgeThe “nearest age” method for determining age takes into account whether the proposed insured is nearer in age to their last birthday or their next birthday. For example, a woman who is 24 years and 5 months old would be classified as a 24-year old woman for the term life premium calculations. In contrast, a male who is 34 years and 9 months old would be classified as a 35-year-old man for the premium calculations.

6. Premium and Premium ModeThe premium is the amount a term life insurance company charges you in exchange for a life insurance policy.

The premium mode is basically the frequency in which premiums are paid by the insured. Typically, the total annual premium is slightly higher when payments are spread out over the course of the year as opposed to being paid in a lump sum. For instance, if you choose to break down your annual premium into two or four payments per year, typically a company will charge an extra two or three dollars per payment. Check with your carrier as some companies will also charge a bank fee.

7. Coverage Amount/Face ValueThe coverage amount or face value is the initial dollar amount you choose as your term life insurance policy coverage. For example, if you buy a policy for 0,000.00 that is the coverage amount/face value that will be paid to your designated beneficiaries upon your death. The coverage amount/face value does not include adjustments for outstanding policy loans, withdrawals, dividends, paid-up additions or late/outstanding premium payments.

8. Underwriting GuidelinesInsurance companies use underwriting guidelines to determine the underwriting classification upon which to base their coverage. These guidelines include your health and lifestyle. The criteria includes age, gender, tobacco use, height/weight build, family history of valve replacement, heart disease, diabetes or cancer, cholesterol levels, blood pressure levels, specific health conditions, driving record, hazardous occupation or activities, military service, aviation, foreign travel or residency, U.S. citizenship and felony criminal activity. All of these underwriting guidelines are taken into consideration when evaluating a proposed insured and before giving any term life insurance premium quotes.

Typically, those in good health who do not use any kind of tobacco products or engage in any hazardous activities are charged less for their term life insurance coverage than individuals who are in poor health, use tobacco or engage in hazardous activities. Check with your carrier as insurance companies use different criteria in determining the health status and lifestyle of the proposed insured.

9. State of ResidenceThis is the state in which the insured or proposed insured resides. While it is self-explanatory, the important thing to consider here is that if you reside in a particular state it may be beneficial for you to buy insurance specific for your state. For example, Californians are subject to different laws than people who reside in Texas. As a resident of California it

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