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Apr 30 2012


Oct 01 2010
home loan bad credit the easiest way
Home Loan - Bad Credit The Easiest Way While many people think that you can't get a home loan if you have bad credit, this simply isn't true. The fact is you can get home loans with bad credit or any kind of credit rating there are many companies
Feb 20 2010
axa posts 2ndhalf profit on lifeinsurance business
Axa Posts 2nd-Half Profit on Life-Insurance Business February 18, 2010, 06:32 AM EST By Fabio Benedetti-Valentini Feb. 18 (Bloomberg) -- Axa SA, Europe’s 2nd biggest insurer, posted a 2nd half profit after a rally in financial markets supp
Feb 20 2010
study rr s 5b pension gap is 4th worst
Study: R.R.'s $5B Pension Gap is 4th Worst PROVIDENCE Rhode Island has promised $12 billion to its public employees in pension, health and other retirement benefits but has only allocated $6.8 billion to pay for them, according to a study rel
Feb 17 2010
cheap health insurance quotes where americans are finding them
Cheap Health Insurance Quotes – Where Americans Are Finding Them A new online petition being circulated by the political action committee, MoveOn.org is well ready to get the attention of America’s top health insurers. The petition demands that “
Feb 17 2010
irs helping some with health insurance
IRS Helping Some With Health Insurance DETROIT, Feb. 15 (UPI) -- Thousands of qualified workers in Michigan who lost their jobs or retired have signed up for an IRS program to bear health insurance costs, a money manager estimated. The Health C
Feb 17 2010
sun life fourthquarter earnings more than double
Bloomberg Sun Life Fourth-Quarter Earnings More Than Double By Sean B. Pasternak (Bloomberg) -- Sun Life Financial Inc., Canada’s third-largest insurer, said earned more than doubled as stock markets bounced back. Outcomes benefited from
Feb 16 2010
health insurance costs break through earth orbit
Health insurance costs break through earth orbit 4:13 pm February 15, 2010, by ctucker From Associated Press: Consumers in at least 4 states who purchase their own health insurance are getting hit with premium increases of 15% or more — and people
May 01 2009
insurance companies and prescription drugs
Insurance companies and prescription drugsThe prescription manufacturers set their own prices and they often build a large profit margin to regain cost spent on researching, manufacturing and advertising. The health insurer analyzes each drug on the
May 01 2009
what are health savings accounts
What are health savings accounts?When someone speaks about health savings accounts, questions always arise in our minds about what is meant by health savings accounts. How do they work? Why is it so special? Health savings accounts have two parts in
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LIFE INSURANCE SHOPPING TIPS
NEED TO KNOW INSURANCE TIPS


We're pleased to give you this information to help you make more informed purchasing decisions.

How do I know what type / amount of life insurance I need?
Decide how much insurance you need and the length of time the protection should last. Learn what kinds of policies are available to meet your needs and pick the one that best suits you. Look for a policy with a premium you can afford. It can be costly to let policies lapse. Use the 10 day “free-look” provision, you can get your money back in the first 10 days if you change your mind. Reassess your life insurance needs frequently because your needs will change as your dependents and finances change.

GENERAL SHOPPING TIPS
• Shop around.
• Select a sound company and a reliable agent.
• Check with the Bureau of Insurance to see if the company and the agent are licensed to do business in Virginia.
• Examine the policy carefully.
• Carefully review the copy of your application contained in your policy and report any errors or omissions to the company or agent.
• Do not pay cash for any policy.
• Check the rating of the company.

KNOW YOUR CONTRACT
• Most life insurance contracts contain clauses which may lead to denial of payment (denial of claim) by the insurance company during the early years of the term of the contract. The two most common exclusions, normally applied during the first two years of the contract, are the suicide and incontestability clauses. These clauses may have already expired in your existing contract (this is to your benefit) while in the replacement contract these clauses may be in force again (certainly not to your benefit).

• (Canada) Replacement of a contract of life insurance which was acquired prior to December 2, 1982 (or in the case of corporate insurance, June 29, 1982) may cause the loss of valuable tax advantages.

HAS YOUR HEALTH CHANGED
• Since your health may have changed, your insurability (acceptability to the insurance company) may be adversely affected. A replacing contract may therefore be more costly and may contain additional contractual restrictions and/or limitations.

THINKING ABOUT REPLACING YOUR POLICY?
Tip: If someone suggests that you replace your existing insurance, take the following common-sense financial self defense steps:
1. Demand a completed "Basic Disclosure Statement Regarding Replacement of Contracts of Life Insurance" for each of the policies considered for replacement and do not terminate the existing policy.
2. If the replacement is recommended by someone because your needs have changed, consult with the existing insurer ( the insurance company who you have the existing insurance policy with) to see whether the existing contract could be amended to suit your current needs. (You may be able to avoid some or all of the costs and traps associated with replacement)
3. Get another opinion from an independent life insurance or financial planning professional.