How to Choose the Right Life Insurance Company
Posted on November 5th, 2011
When you get quotes for life insurance from your local agent or from a life insurance quote website, how do you know which life insurance company to choose? On the LifeInsure.com website, for instance, you might see quotes from 6-10 life insurance companies on the quote page. Should you select the least expensive quote or one from a company name you are familiar with?
We always recommend selecting the least expensive quote from an A-Rated (or higher) life insurance company. All term life insurance policies are quite similar, so the benefits are all going to be basically the same. Term insurance is very simple you pay your (level) premiums for a specified period of time (the term) and if you should die during that time period, your beneficiaries will receive the death benefit of the policy. One rarely compares the features of a term policy, so it always boils down to price and company rating.
I often speak to people who like to choose a company they have heard of. I cant fault someone for having that consideration. If having the name of a company you are familiar with printed on your policy makes you feel more comfortable, I totally understand. However, if the premium is significantly higher than the same policy from another company, especially one that has higher financial rankings, I will point that out to my clients. As we dont work with any companies with a lower A.M. Best rating
Tags: Company, Insurance Company, Life Insurance, Life Insurance Company
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Quarter of a trillion pounds worth of mortgages unprotected
Posted on November 4th, 2011
Four in ten mortgage holders in Britain (41%) do not have their contributions covered by life insurance, the report from Sainsbury’s Life Insurance found.
It suggested that there are nearly seven million people, with a collective outstanding mortgage balance of £245bn, who have no life insurance to cover their mortgage and provide support to their dependents in event of their death.
On average, those who pay towards a mortgage and are not covered by life protection are currently personally responsible for an outstanding balance of over £36,000.
Many of those in age groups who are likely to have dependants are leaving themselves unprotected.
The research showed that 33% of 35- to 44-year-olds and a similar number (30%) of 45- to 54-year-olds do not have life insurance to protect their mortgage payments.
Helen Williams, head of Sainsbury’s Life Insurance, warned that being unprotected could have serious implications.
“Mortgage repayments are one of the biggest financial commitments in many peoples’ lives but, as our research shows, unfortunately it is not something that enough mortgage holders have taken steps to protect,” she said.
“We would urge anyone who doesn’t have life insurance to consider taking out a policy, and those who do and have moved to a bigger house to make sure it is updated to reflect their mortgage commitment,” she added.
Patio Heaters
Posted on October 25th, 2011
Patio heaters are a reasonably current development. Theyll make life outdoors more pleasing in those chilly evenings in late summer time and fall.
A Barbecue within the evening is among the summer pleasures of life. So many summer season evenings turn chilly although that you do not do this as typically as you would like to. Think about being able to eat outdoors for fifty two weeks of the yr if you happen to choose.
Tags: Heaters, Patio Heaters
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40 Posts Discussing How to Recover After Being Victim of Natural Disaster
Posted on October 19th, 2011
The key to surviving a natural disaster is greatly dependent on preplanning before the disaster strikes. What happens when you realize that you’ve just survived a natural disaster? Recovery can often be as devastating as the disaster itself. Good homeowners insurance will help you take care of damage to your home, but there are still many other obstacles to deal with, especially the emotional trauma that can occur from dealing with a disaster of any type.
Canada Issues Warning To Its Citizens about Use of Mobile Phone To Prevent Cancer
Posted on October 14th, 2011
Is it really possible to get cancer from using the mobile phones? This appears to be the stance of Health Canada as they release guidelines to its citizens to help safeguard against possible cancer problems. They did this in spite of no verifiable data that using a cell phone can cause cancer to develop. What influence, if any, will advice this have on global health insurance? Is it possible that international health insurance could become more expensive for heavy mobile phone users?
Health Canada has stressed that heavy mobile phone users and children are at risk much more than adults because they are more sensitive. They also based their warning on a report released in May by WHO about possible carcinogens from exposure to radio frequency and electromagnetic fields.
Tags: Cancer, Mobile Phone
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Judge Rules in Favor of STOLI Policies
Posted on October 11th, 2011
A Pennsylvania federal judge has ruled in favor of investors who purchased so-called stranger-originated life insurance (STOLI) this week. This ruling lends some support for the practice on the heels of a separate ruling in favor of the insurance industry in Delaware last month.
Stranger-originated life insurance refers to a policy taken out by an older person at the encouragement of a commission-paid insurance agent or other middleman for the purpose of reselling to investors.
This type of insurance differs slightly from a life settlement, which is a policy that has already been purchased by someone who wants to turn it over to an investor by naming them the beneficiary.
Tags: Stoli, Stoli Policies
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Electric Insurance launches Always On mobile application for self-service actions
Posted on October 10th, 2011
Electric Insurance, a provider of personal and commercial lines insurance products, has launched new Always On mobile application that allow its policyholders to perform a variety of self-service actions using an iPhone or iPad.
The new Always On Mobile Application offers easy-to-use capabilities that include a simple way to submit an auto claim, check coverage status, exchange insurance information, call for roadside assistance services, schedule auto glass repair, and more.The application includes a unique and forward-looking feature — an electric vehicle charging station locator, General Electric WattStation that will be available to the company’s policyholders and the general public.Electric Insurance vice president of sales and marketing Michael Mucher said General Electric alone will have a substantial fleet in the next few years.
Tags: Electric Insurance, Mobile, Mobile Application
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