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News about FindYourPolicy.com
News about FindYourPolicy.comEdmund was nice enough to email me info about this site:
You have to ask yourself; Will my life insurance or safety deposit box be found when I die?
It is estimated billions of dollars of Life Insurance and 100’s of
Feb 13 2008
A Practical Guide to Managing Life's Conflicts
A Practical Guide to Managing Life's ConflictsBetter Business
I got this email from Better Bureau of Sask Inc today.
Kelly Karius, B.S.W., R.S.W., Mediator., and Author of "This is Out of Control!, A Practical Guide to Managing Life's Conflicts"
Feb 13 2008
SITE REVIEW: Insurance Quote Site
SITE REVIEW: Insurance Quote SiteI was asked to do a review for
www.insurelog.com/life-insurance.htm which is a insurance quote site located in North Hollywood, CA although they give quotes in all states. This site gives quotes for the following p
Nov 23 2007
Suicide Life Insurance Benefits? - Life Insurance Discussion
Suicide Life Insurance Benefits? - Life Insurance Discussion
As I was was researching this article, I went on to google groups and looked for what people were saying about suicide and life insurance.
The holiday season has a reputation for having h
Nov 23 2007
Costs Of Funeral Expenses - Funeral Planning
Costs Of Funeral Expenses - Funeral Planning
THE QUESTION: What are the first two questions that a loved one asks if their spouse or parent dies unexepectedly?
SPOUSE QUESTION #1: What should I do?
SPOUSE QUESTION #2: Do I have the money to pay f
Nov 16 2007
You need life insurance?
You need life insurance?
by Williambenjamin
Life insurance is a matter, people often don't talk about. But it really needs to be under consideration. Whether you accept or not; your future is not secured, if you don't own any policy. Generally, p
Nov 16 2007
Do I need life insurance and if so how much
Do I need life insurance and if so how much?
by Chris Clare
This is a question that is often asked of me as a financial advisor and one that is very simple to answer.
In order to establish if someone needs life insurance you first need to ask
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Life Insurance Blog Area
Life Insurance Blog Post Date: Jul 31, 2007
Disability Insurance: Being Adequately Protected despite of Disability
By: Lala C. Ballatan
It is not a good thing to become sick and unable to report for work for an extended period. Being sick and absent for a few days is bad enough, but being forced in bed for an indeterminate period because of disability can be quite a frustrating situation.
Aside from the boredom and pain of being unable to move around, what makes your situation more frustrating than ever is the fact that you are not being paid for the time you spent having to be forced in your bed. If you are the breadwinner of your family then it is not only devastating for you, but your family suffers severely, too.
Being disabled, becoming unable to move by yourself, wholly, becoming dependent on your family for the most basic tasks are already overwhelming concepts for you, let alone a contemplation of your future financial status.
Most importantly, if you have spent all your life saving adequately for your retirement, then the question dominant on your mind is how to continue your savings now that you need these most. Another is your nagging worry that since you cannot continue on working, then how could your retirement savings go on?
These questions and apprehensions could be easily answered and eased by having disability insurance. Many have their car, house and other important things insured, but only a few realize the significance of being insured against the days when lack of income from their jobs would occur.
Presently, 80% and more American workers do not have protection by having any kind of disability insurance. Meanwhile, according to latest survey on foreclosures, almost 50% are because of the homeowners’ loss of ability to work and earn income. Probing deeper on issue of being out of work, most of them suffered long-term medical issues causing their inability to work.
Many employees fall into the wrong assumption that when they become sick, the normal sick time benefits would be enough to cover their loss of income for a while.
However, once the sickness stretches to full weeks and even, months, that is when the problem starts. When they already run out of allowed sick time, even social security disability benefits cannot compensate for the lost wages. What’s more, not all is approved for social security disability claims as soon as possible. There are issues like eligibility that need to be hurdled until one gets to receive benefits.
Disability insurance is a very sure safety net for long-term illness that borders on partial or full disability. This is a type of insurance designed to replace some percentage of the income you lost after suffering from inability to work for an extended timeframe because of illness or disability.
If your employer offers some benefit packages and asks for your preferences, choosing disability, insurance benefits may be a very wise choice. It would be up to you whether to choose short term or long-term disability insurance.
Making sure that you have saved up for a rainy day beats being stuck without anything at all.
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For more information about Disability Insurance visit our Los Angeles Social Security Attorneys site
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Life Insurance Blog Post Date: Jul 31, 2007
Different Types of Health Insurance in California
By: WittyArticles
Different Types of Health Insurance in California
Whether you buy group or individual health insurance in California, the options you have regarding the different types of health insurance are generally the same. In some groups you can even choose from available plans. These different types are traditional health insurance, health maintenance organizations (HMOs), and preferred provider organizations (PPOs).
California goes beyond the Federal requirements for offering health insurance to its residents. Examples of this include Industry Advantage plans (IAHP), short-term health policies, Insurance for high risk Individuals and special plans for children and teens.
Additional Health Insurance in California
The traditional health care delivery system is based on a fee-for-service type of arrangement. In a fee-for-service system, you pay or each itemized medical service you receive. In the days of the frontier, "Doc" often received a chicken as payment. Today, physicians are paid with money, lots and lots of it. Fee-for-service health insurance recognizes this practice and is designed to reduce or even eliminate your duty to pay directly for your medical care. Traditional health insurance comes in three parts:
California has four basic options for choosing a health care plan:
1. Health through an employer or association
2. Health Insurance through Income eligibility such as Medicaid
3. Health care for high risk individuals such as those that have had cancer or a heart attack
4. Private Insurance
Hospitalization
Hospitalization covers defined expenses incurred while in the hospital. Generally, the insurance will pay for all of the covered services rendered by the hospital staff. However, if the insurance benefit is an indemnity payment, the payment will be for a fixed sum regardless of the actual expenses incurred. This fixed sum will usually be far below the daily charge actually made by the hospital.
Medical/surgical
This part of a traditional health plan covers the expensive costs of medical care other than the bill from the hospital. Services such as doctor visits, treatment charges, etc., are covered here. Medical/surgical usually has a deductible and requires co-payments by the insured (payments you make for charges not covered by the insurance), typically 20 percent of the doctor's fee.
Catastrophic or major medical
There are usually lifetime maximum payments that hospitalization and medical/surgical plans will pay, after which the well runs dry. Unfortunately, these maximums may not be sufficient to pay for all of the care required if a major illness or injury should strike, since such afflictions can eat up hundreds of thousands or even millions of dollars worth of health services. Thus, catastrophic coverage adds to your umbrella of protection in an amount sufficient to protect you from the horrendous expenses of such serious and prolonged illnesses. These policies also fill in some of the gaps not covered by hospitalization or medical/surgical.
Health Maintenance Organizations or Private Insurance in California
The health maintenance organization (HMO) is a relatively new player in the health insurance game, although it has been around in a limited fashion since the 1930s. The idea behind an HMO is to pay one premium and receive all of your health care at no or a nominal additional cost. The point is to save money compared to traditional health plans that cost more to purchase and require more out-of-pocket payments from the insured. What you, the insured, give in exchange for reduced cost is a substantial loss of your freedom to choose who will take care of your health needs.
Preferred Provider Organizations
Preferred provider organizations (PPOs) seek to give both the benefits of traditional health plans and the money savings of HMOs. They do this by paying higher benefits as a reward for your using the doctors or hospitals they preselect for that purpose.
Disability Insurance
Disability insurance does not pay for health care; rather it pays for lost wages caused by a disabling injury or illness.
How Health Insurance Is Priced
Ask anyone how health insurance is priced and you will get a simple answer: expensively! Beyond that, there are underwriting criteria used by health insurance providers, whether they are for-profit or, like Blue Shield/Blue Cross, nonprofit.
Underwriting Criteria
Age. The older you are, the more likely you are to get sick; therefore, the higher your health insurance premiums will be.
Number of people covered. Many people buy family coverage rather than individual policies. This means that there will be adults as well as minor children protected by the same plan. Some companies will charge based on the size of the family. Others charge a basic family rate without regard to the number of members.
Gender. Unlike life insurance, where women get the better end of the bargain than men, in health insurance women often pay higher premiums. This is based on health insurance industry statistics which indicate that the female of the species tends to need medical care more often than the male.
Health history. Insurance operates on statistical probabilities. If you have had a poor health history, statistically you are more likely to have a more expensive health care future. This, in turn, means that you will pay higher premiums-if you can get health insurance at all.
Occupation. The more likely you are to suffer injury or illness because of the work you do, the more likely the health insurance industry will be to charge excessively for benefits.
This may be well and good for professional deep-sea divers. But the industry has begun to stretch the concept into areas that have nothing to do with the inherent danger of the work.
Lifestyle. In your application for health insurance you will be asked questions about your personal habits. Your answers will have a lot to do with the cost of your premiums. If you smoke, you will probably pay more for health insurance. If you drink to excess, you will probably pay more for health insurance. If you are known to be under a great deal of stress, you may pay more for health insurance. California does reward the health care Insurance consumer with lower premiums if they have practiced good health policies.
One of the most important things you can do as a health care consumer is to engage in preventive care. Not only will you be able to spot serious diseases at an early stage, thereby increasing your chances of effective treatment and cure, but you should be able to save money as well, since it is usually far less expensive to treat a disease when it's a molehill rather than a mountain.
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Californa Well Being is a leading broker of health insurance in California. We provide detailed information and cost breakdowns of Blue Cross, PacifiCare California and many more. Visit our site for a free quote and to help sort through the various health insurance plans to find the more affordable option for your family. www.medical-ins.com/
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Life Insurance Blog Post Date: Jul 31, 2007
Medical Insurance Policy
By: Jody
A Medical Insurance policy is a contract between an insurance company and an individual or a group which promises to pay for medical care reasonably required by the insured policy holder for treatment in case of any injury or illness. Even now a day’s medical insurance policy is provided for disease like obesity.
If an individual has taken up a medical policy then he pays the premium according to a specific time frame as decided between the two groups. Usually, the policy takes care for the health & medical acre of an individual but if the premiums value is higher the insurance covers the family members also. In the case when the policy is taken by a group or an association, then all the individuals under the association receive the certificate of insurance. Some key points like payment of premiums, deductibles and co-pays are decided at the beginning and both the parties have to abide by these rules.
Searching a Medical Insurance Plan?
The terms in the policy may be hard to understand at times and the person may stand confused. So here is list of some terms commonly used up in an insurance plan:
Deductible-The deductible refers to the yearly amount of money that the insured would need to pay before any benefits from the health insurance policy can be used.
1. Co-insurance / Co-payments- This is the amount that would need to be paid by the insured before the insurance pays and in addition to the deductible.
2. Out-of- pocket- An out of pocket expense can refer to how much the co-payment, coinsurance, or deductible is.
3. Waiting Period- This is the time one would have to wait until certain health insurance overages are available.
4. Grace Period- This is the amount of time one has to pay their health insurance premium after the original due date and before insurance coverage would be canceled.
5. Lifetime Maximum-This is the most amount of money the health insurance policy will pay for the entire life. Pay attention to individual lifetime maximums and family lifetime maximums as they can be different.
6. Out-of-Pocket - This is the cost one would pay out of their own pocket. An out of pocket expense can refer to how much the co-payment, coinsurance, or deductible is.
Is Medical Insurance Necessary?
Man saves money for a better & safe future. But life is a string of surprises. A serious medical situation can strain one’s pocket, thereby emptying all the lifetime savings. The best option to save oneself from this situation is to secure your future with the help of a medical insurance policy
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Jody Taylor, an associated as well as a contributing editor the Hateweight.com for distinct article sites/journals. Please feel free to visit the website Hateweight.com for more information on Obesity, Weight Loss methods diet pills exercise or any Fitness related issues.
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Life Insurance Blog Post Date: Jul 31, 2007
Travel Insurance - is it important?
By: gerimar
Before planning your summer vacations,think at great length if it needs to buy a travel insurance. There are situations that can make you cancel your ttravel,or to return to your house before time or to force to look for yore medical attention while traveling.
Travel insurance can give you extra protection that you needs. Before buying the cover, review the policy of your medical insurance or home, to avoid any confusion. For example, expensive articles like the camcorder, your personal computer or jewelry shop can be places setting by the insurance of your home, if they were robbed while in travels. In case that the airline loses your registered luggage, they have the obligation to reimburse your suitcases ( by a certain amount of money). Or if you become ill or suffers some injury while traveling, your personal medical insurance can cover the amount with your medical costs.
In agreement with the Magazine of the Consumer (Consumer Reports) travel insurance policy includes several types of protection. Be sure to read what it is written in the small letter: These establish if your travel insurance covers what you need. The policies and insurance agencies vary in their cover, so make sure to ask. Some of the different types of insurance available include:
Cancelación/Interrupción of Travel (TCI) - If your plans are altered suddenly and you must cancel or give by finished your travel before time, TCI will cover you by all this. But only it will reimburse you in case that you have a reason including in the list of the insurance, like for example, injury, disease, death or of a member of the family, of a partner or fellow traveller. Some travel insurance policies will include some reason for medical type solely and others will not cover preexisting medical conditions. It is important to read what it is written with the small letter.
Transfer by medical emergency - If takings vacations type venture or to moved away from a hospital center that counts the necessary thing yet, would be good idea to buy this type of cover. If the suitable treatment is not available in a local hospital,You will be transferred to the appropriate medical facility that is nearer.
Loss of luggage - This cover reimburses to you by the lost of one or damage to your luggage.Make sure to make a list of everything, because if you lose your suitcases, they will reimburse to you part of the content. BBB, altogether with the Magazine of the Consumer, advise the following thing to do:
Read what it is written in the small letter. Know exactly what type of cover is or is receiving.Considers to acquire travel insurance of a separate company, instead of buying it from your travel operator or cruises. Secure even more, paying with a credit card. The protection by loss of luggage is necessary solely if it takes in your suitcases, articles with a greater value to $2,500. Verify the policy of your house insurance .
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Gerimar is a webmaster for insurance resources.Read more insurance resources here. www.sm-insurance.com
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Life Insurance Blog Post Date: Jul 31, 2007
Health and Medical Insurance - Comparing Managed Care Health Plans
By: Abi
Health insurance plans have been forced to take action to contain costs of quality health care delivery as health care costs have skyrocketed. Health insurance premiums, deductibles and co-pays have steadily increased, and health insurance companies have implemented certain strategies for reducing health care costs. "Managed care" describes a group of stratgies aimed at reducing the costs of health care for health insurance companies.
There are two basic types of managed care plans; health maintenance organizations, or HMOs, and preferred provider organizations, or PPOs. So which health plan is best? How do you choose what type of health insurance best suits the health care needs of you and your family?
Both HMOs and PPOs contain costs by contracting with health providers for reduced rate on health care services for its' members, often as much as 60%. One important difference between HMOs and PPOs is that PPOs often will cover the costs of care when the provider is out of their network, but usually at a reduced rate. On the other hand, most HMOs offer no coverage for health care services for out-of-network providers.
Both HMO and PPOs also control health care costs by use of a gateway, or primary care provider (PCP). Health insurance plan members are assigned (or select) a primary care practitioner (physician, physician assistant, or nurse practitioner). usually a family practitioner or internal medicine doctor for adult members or a pediatrician or family care practitioner for childern. The primary care provider is responsible for coordianting health delivery for plan members. Care by specialist physicians require referral from the primary care provider. This cost containment strategy is intended to avoid duplication of services (for example, the cardiologist ordering tests that have already been done by the PCP, or a sprained ankle being referred to an orthopedic) and avoid unnecessary specialist referrals, tests and/or procedures.
HMO and PPO plans also contain costs by requiring prior approval, prior authorization, or pre-certification for many elective hospital admissions, surgeries, costly tests and imaging procedures, durable medical equipment and prescription drugs. When such services are required, the provider must submit a request to the health insurance plan review department, along with medical records that justify the service. The request is reviewed by the health insurance company to determine whether the services are justified as "medically necessary" according to the health plan policy and guidelines. Review is usually performed by licensed nurses, and, if the reviewer agrees that the service is necessary, approval is given and the service will be covered by the health insurance plan.
As health care costs continue to rise, many indemnity health insurance plans, or "fee for service" plans are being forced to adopt some managed care strategies in order to provide quality health care and keep health insurance premiums affordable. And as long as health care costs continue to rise, the distinctions among PPO, HMO, FFS and other health insurance plans will become blurred. Rest assured, however, that managed health care is here to stay.
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Kay Lowe holds a Master's degree in health care and has 30+ years experience in the health care field. She is also webmaster for Health-Infosource.com, a website dedicated to disseminating health information.
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Life Insurance Blog Post Date: Jul 30, 2007
Title: Term Life Insurance makes a Sound Investment for Your Children
Author: Ivon T. Hughes
Term life insurance may seem like something you only need to worry about when you begin planning for your funeral and burial expenses. But the fact is that a term life policy could also help you provide for your children and grandchildren. Many people request term life quotes for just the minimum amount needed to cover their anticipated final costs and that amount of protection is adequate in most cases. However, those people are also missing out on an investment opportunity that could benefit the ones they care for most, in a time when they may need it desperately.
Obviously, the idea of requesting term life quotes raises some unpleasant thoughts for most of us. Yes, people are living longer, but the inevitable truth is that all of us will eventually die. The question is do we want to get a term life insurance policy that will only take care of the basic essentials or do we want one that will help us provide a final significant gift to those we've left behind?
Most people don't realize it but a life quote is like an estimate for one of the most secured investments you can ever choose. Think of it this way: you have four grandchildren and hope that all of them will eventually go to college but you only have $30,000 available to help them. But $30,000 split four ways isn't going to help much with today's rising education costs. However, if you used that money to purchase a term life policy, you could provide each of your grandchildren with a significant gift that can really help them. Even if you don't have grandchildren yet and even if your children are financially stable, you could use the remainder of your policy to make a generous donation to your favorite charity, to give your children a wonderful vacation to help them through their grief, or to offer a nest egg to other family members who may need the money.
Term Life Insurance Comparison
If you are interested in taking advantage of the investment possibilities term life insurance has to offer, then you can start the process by requesting quotes online. You may want to start out by doing a little homework or by consulting a professional who can help you sort through various types of protection a life insurance company offers, including term life insurance, whole life insurance, and universal life insurance.
You can request your life insurance quotes online from The Hughes Trustco Group and can then easily conduct a life insurance comparison using all of the options they send you. Then, you can make your final decision in the privacy of your home without being hassled by life insurance agents. That way you are sure to choose the life insurance policy that makes sense for you and your family.
Ivon T. Hughes, The Hughes Trustco Group Ltd.
Online Insurance Broker - Get a FREE Ebook TODAY!
Tel: (514) 842-9001 Email: info@trustco.ca
Website: http://www.hughestrustco.com
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Life Insurance Blog Post Date: Jul 30, 2007
Differences Between Companies
The following is a brief list of some of the factors that you will need to consider when comparing products and companies:
Insurance Company Financial Strength - Not all life insurance companies are the same. Some are very large financially, some are small. Some companies are in better financial condition than others. The longer the level premium and coverage period, the more important it is to consider how healthy and strong the life insurance company is.
Renewal Period - Most level term life policies have the ability to renew the policy beyond the initial level premium period. Two products may offer identical premiums for the initial level period and yet there may be an enormous difference in renewal costs beyond the level period.
Conversion Period - Many term life policies offer the ability to exchange the term policy for a whole life policy without having to again medically qualify. Should your health change, and should you not be able to buy a new policy elsewhere, you may find the conversion option important.
Comparing Different Term Life Periods - Should you be buying a 10 year term product or a 20 year term or Term 100, a policy which covers you for life? How long do you really need the insurance? If you buy a 10 year term, how will future cost increases after the 10th year compare to a longer level term plan such as 20 year term? If you only need insurance for 10 years, you could be wasting your money buying a 20 year term product. You should discuss why you are buying the insurance with a life insurance agent and let them give you the benefit of their knowledge and experience. The agent may be able to identify other factors you have not yet considered.
Smoking Considerations - Not all life companies define smoking the same way. If you have never smoked or used tobacco products in any way, then a non-smoking comparison will include products that you can qualify for based upon non-smoking. If you were a smoker and later quit, then how long ago that you quit may limit your choices. If you do smoke, some companies may offer products with better premiums depending on how little you smoke, or whether you smoke cigars or pipe rather than cigarettes. You will need to discuss all of this with your agent.
Finding the Best Term Life Policy
The cheapest policy isn't always the best policy. There are other differences that you should consider before choosing the company and product that is best for you. Many of those other differences are subjective. This means that they cannot be compared by simply placing values side by side on a piece of paper, as we can do with premiums.
Note: Some companies use your actual age to calculate your premium, while others use your nearest age.
Get a Free Term Life Insurance Quote
Ivon T. Hughes, The Hughes Trustco Group Ltd.
Online Insurance Broker - Get a FREE Ebook TODAY!
Tel: (514) 842-9001 Email: info@trustco.ca
Website: http://www.hughestrustco.com
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Life Insurance Blog Post Date: Jul 30, 2007
Why Don't Women Have Life Insurance?
Author: Ivon T. Hughes
Traditionally, life insurance companies solicited men as the main breadwinners in a family to ensure, that they had adequate life insurance coverage.
Now, times have changed, but the statistics on women show that great percentage of American and Canadian women carry no life insurance. And those that do have a policy, carry about half as much coverage as men do.
Most modern U.S. and Canadian households are dual-income households. If you are married, especially if you have children, would your husband be able to afford the family style of living if you were to pass away? If you are single, who would assume the burden of paying for your final costs if you were to pass away? This may fall to your parents, who are also likely to be living on a fixed income. Many single women, especially those with children, may be on a tight budget and feel they can't afford life insurance. However, they may be surprised to know that a 30 year old healthy woman can purchase a $250,000 10-year term life insurance policy for $12.00 a month. If you are a healthy 50 year old, that does not mean it is too late to buy affordable life insurance; your cost for the same policy as above would only be about $37.00 a month. If you have children, it is especially important to make sure they will be taken care of if anything were to happen to you.
Studies show that nearly six out of ten women in Canada are living on their own by the time they are 85. In addition, women generally outlive men by an average of six years. If you have adequate life insurance coverage, dependents will be able to continue their lives and standard of living. That way they only have to deal with the grief of your passing, instead of any financial burdens incurred by it.
Women need life insurance protection to ensure that whoever survives them will be provided with available capital. Term life insurance has always been one of the most cost-effective ways for both men and women to protect their loved ones. Compare term life insurance rates and policies today and see how affordable peace of mind can be.
Ivon T. Hughes, The Hughes Trustco Group Ltd.
Online Insurance Broker - Get a FREE Ebook TODAY!
Tel: (514) 842-9001 Email: info@trustco.ca
Website: http://www.hughestrustco.com
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Life Insurance Blog Post Date: Jul 30, 2007
Term Life Insurance Is A Great Buy
With the introduction of new term life insurance products, deciding where to find the cheapest rates is only part of the solution to finding the best deal on life insurance.
Lets begin with need. How much insurance should you buy? Consultants generally advise between five and seven times your gross salary. But that's only a guideline. The best way is to estimate your survivors expenses if you die. You'll want to make sure that there's enough money to pay any debts and burial expenses.
Don't over insure. Many younger people without children need very little insurance. Older couples may need just enough coverage to pay for final expenses and provide their surviving spouse with enough money so that they can avoid major financial decisions for the rest of their lives.
Cost of Long Term Care Insurance
A real quick way to determine the amount of coverage you need is to total up the expenses that your family will have after you're gone. First, the one time expenses at death and then the ongoing ones. Take the ongoing expenses and divide by .07. What that says is that you'll want a lump sum of money earning about 7% each year to pay those annual expenses. Add to that lump sum the amount you'll need to cover the one time expenses. The total should approximate the amount of life insurance you need.
A simpler method is to add your mortgage debt, all other debts so that everything is free and clear. To that add a lump sum which, if invested at say 5%, will produce sufficient income to keep you spouse and family going.
Single Term Insurance
Many people favor term insurance. After all it is cheaper. But as you get older you'll probably want to consider 'permanent insurance'. With this type of insurance, as long as you continue to pay the premiums you'll have coverage no matter what your health condition.
Other Types of Life Insurance
Permanent insurance goes by a variety of names. Basically, they're all variations on the same policy. One of the most common is called 'whole life'. Here you'll pay a consistent premium for the rest of your life. The premium is split into two parts. One part actually pays for the life insurance for that year. The other part is invested in the early years and can be used to pay your premium in later years.
In some policies you'll be given a choice of where to invest the money. Youll sometimes be able to choose either a fixed rate investment or a stock mutual fund.
You'll find no lack of variety available. The choices are almost endless. One popular option allows you to 'borrow' the accumulated investment from the policy. This can come in handy for college tuition or other major known expenses where it's nice to begin saving a little bit on a regular basis.
Selecting an insurance company can also be challenging. According to industry sources there are over 2,000 companies that sell life insurance in the United States and Canada. Prices vary significantly. I ran a comparison of a 10 year renewable term for myself and found rates from $535 to $3,814 for a yearly premium!
But there's more than price to consider. Make sure you select a company with a high rating. But see what term life insurance will cost.
When you get right down to it there's only three good things to say about shopping for life insurance. First, it's available to cover our needs. Second, we can select a plan that meets our needs. And finally, it's not something that you have to buy each year!
Ivon T. Hughes, The Hughes Trustco Group Ltd.
Online Insurance Broker - Get a FREE Ebook TODAY!
Tel: (514) 842-9001 Email: info@trustco.ca
Website: http://www.hughestrustco.com
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Life Insurance Blog Post Date: Jul 30, 2007
Term Life Insurance: The Right Choice for Canadian Life Insurance
Author: Ivon T. Hughes
Choosing the right insurance plan for you and your family can be difficult. After all, you want a policy that will provide for your loved onces in the future without costing you a fortune today. Term Life insurance may be your answer.
What is Term Life Insurance?
Term Life is an insurance plan which lasts for only a specific number of years. Once that time is up, the policy expires. Because the plan is not permanent, the premiums are considerably lower.
How is Term Life Different From Whole Life?
While Term Life insurance provides protection for only a specified number of years, Whole Life will protect you for the rest of your life as long as your premiums are paid. Whole Life plans usually offer lower coverage but charge higher premiums.
How can I tell if Term Life is for me?
If you were to pass away suddenly, which would help your family more: $100,000 or $500,000? A $500,000 term life plan will cost you the same as a $100,000 whole life plan. Most families could really use the extra coverage to pay the mortgage, the utilities, the credit card debt, the car payments at a time of crisis. So the question is really: Is Term Life right for your family?
What are the benefits of Term Life?
With Term Life insurance, you receive the following benefits:
- Lower premiums
- Higher coverage
- Coverage for a specific time which meets your needs
- Ability to cancel or reduce policy at any time
- No cost or obligation 10 day "Free Examination Period"
How much Term Life coverage do I need?
The amount of coverage varies. You can use our Insurance Calculator to determine how much coverage you and your family should receive.
HOW MUCH TERM COVERAGE SHOULD I HAVE?
Find out from our Insurance Calculator.
Affordable Prices, Hassle Free Policies, and Exceptional Service: Just Three Reasons Why People Choose The Hughes Trustco Group Ltd
This is a website where you can find out what the insurance will cost you BEFORE deciding to proceed.
A quote will give you a general idea of what the insurance will cost. But it cannot give you a DEFINITE amount as of course it knows nothing of your personal history. But here, before you decide to buy, you can KNOW exactly what it will cost. Simply give us some preliminary information. and the underwriter will call to ask some questions or a nurse's visit will be arranged. The underwriter, from an insurance we choose, will then do the evaluation. Based on this evaluation we then get you the best possible rate from competing insurance companies.
REMEMBER a "quote" is just that, a quote. The car mechanic will give you a quote but the bill goes up if he finds other problems. Our system gives you a firm price BEFORE you proceed, so there are no surprises. And you have 10 days to return the policy and get all of your money back, with no questions asked!
Previously, you gave a cheque with the signed application and waited to see if you were approved, a process that normally took weeks. NOW, just like a mortgage, you can be PRE-APPROVED and know your premium BEFORE you decide whether to proceed.
Why does our system work so well? Because, as well as price, you need to be able to buy it with no hassle from a strong, well-known companies. And you want the policy in your hands as quickly as possible. That's why it works, because that's what you get.
Ivon T. Hughes, The Hughes Trustco Group Ltd.
Online Insurance Broker - Get a FREE Ebook TODAY!
Tel: (514) 842-9001 Email: info@trustco.ca
Website: http://www.hughestrustco.com
Articles from July 2007
More articles from Year 2007
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