Life insurance, health insurance, car insurance…everything about insurance.
Let’s get this out of the way: it’s only called life insurance to make you feel better. It’s death insurance, folks.
Now that we understand what it’s actually for, what exactly does it do?
And who needs life insurance anyways? Just employees? Stay-at-home spouses? Children?
Let’s go over everyone who may need it, and those unique situations.
If you’ve had the unfortunate experience of a DUI conviction, you might be wondering if there’s anything you can do to lessen the impact it has on your auto insurance rates. There are some steps that you can take if you’d like to make an honest attempt to appeal to your insurance agent, but first, it’s important to educate yourself on the reality and magnitude of the situation you are in.
The importance of insurance for young drivers cannot be stressed enough. However, automotive insurance companies are not very keen on insuring young drivers because they do not wish to take on the high level of risk associated with them. If we look at past insurance trends, we find that young drivers tend to make up the biggest chunk of claims. They tend to get into accidents more often than old or experienced drivers as a result of over-speeding and reckless driving. This explains the reluctance of insurance agencies towards covering young drivers.
However, since automotive insurance is extremely important, it is not wise for young drivers to stay uninsured. Young drivers are typically charged very high premium rates, but there are certain ways that this cost could be brought down.
NOTE: This article is direct towards UK readers, so much of the information may not apply to US readers.
There are many good reasons to take out life assurance to ensure the financial security of your loved ones after your death. Most of these reasons centre around the provision of a lump sum that can be used by your surviving family for:
The moral of this infographic is this: don’t commit insurance fraud. Even when it’s not this extreme, you will still get caught.
It’s never a good idea to try to profit from “gaming” huge corporations.
Plus, it’s illegal.
So just for fun, here are the reason why you shouldn’t commit insurance fraud…
No matter whether you are looking for health insurance or income protection, effective insurance planning is a must.
There are, unfortunately, so many individuals that are forking out their hard earned cash on a policy that is simply not right for them and their financial situation.
With that being said, read on to discover five of the top general insurance buying mistakes you need to avoid.
With a traditional life insurance policy its typical for the entire process to take between 6 to 8 weeks from the point of the application to approval. However, recently there have been a rise in simplified issue life insurance policies that speed up the process substantially. Life insurance policies with no medical exam can offer approvals within a few hours or a few days, but what’s the catch for this type of convenience? Let’s talk about the pro’s and con’s of acquiring life insurance with no medical exam.
I’m sure you know you should always read your insurance polices carefully.
Insurance companies like to make you think they are offering more coverage than they are. They also like to distract you from reading the fine print.
In fact, some insurance companies can completely drop your coverage just because you use it.
That’s right, in certain states, insurance companies are allowed to drop you if you file a certain amount of claims within a certain time period. In several streets, you only have to make two claims before they can decide that you’re not worth it and drop you.
Those are all great reasons to watch your insurance company like a hawk, but we’re actually not here today to talk about insurance companies. Yes, be aware of all of those things, but there’s something else you need to be aware of and pay attention to: your health insurance.
Yes you need to check your coverage and read the fine print, but who you really have to watch is not the actual insurance company, it’s the places that take your insurance…