Life insurance is not designed to be one-size-fits all safeguard. You should combine the different options to create a plan that works for your family. Here are the features that can be adjusted to design the right level of protection for your needs.
Terms
You hear quite a bit about twenty year terms for life insurance. This is commonly quoted because many people wait until they have children to purchase this coverage and it is enough time for dependents to grow to adulthood and move out of the house.
State Farm offers ten, twenty and thirty year life insurance plans.
Read more…
Were always interested in the latest technology that helps us stay one step ahead of mother nature. Heres a look at some of the coolest things weve seen.
Hurricane Headquarters
The National Hurricane Center is housed in the only building in Florida that can withstand a Category 5 monster hurricane. This hurricane tech wonderland never closes. Experts use state of the art tracking mechanisms and forecasting models to predict and watch threatening storms in the Atlantic and Pacific Oceans. As if that werent enough, more adventurous trackers fly around storms as they build, delivering data back to the center for analysis.
Read more…
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
Read more…
Life insurance is impacted by many factors. Your age when you acquire the policy will drive the rates up or down. Your occupation may affect the rates, as well as your habits like smoking or recreational activities. Medical conditions will also cause your premiums to rise and may even prevent you from obtaining a new policy.
Asthma Defined
Asthma is defined as a disease that affects the lungs, causing repeated bouts of wheezing, chest tightness, coughing and breathlessness.
Read more…
Safety isn’t always pretty. We want to do the right thing, but doing so without ruining the décor is easier said than done. See Through Insurance is here to help. Weve searched far and wide for essential safety products you wont be ashamed to place in open, easily accessible areas of the home.
Fire Design
Say what you will about the French, these fire extinguishers made us swoon! Not only do they come in a plethora of colors and designs but they can actually save you in a household emergency. If
Read more…
Bestselling models in the automobile arena often turn out to be not just marvels of engineering, design, and style. To really create a best seller, it often takes plenty of inspiration, some good taste on the part of the manufacturer, and, of course, a great sense of timing. This fiery combination has given us some of the most popular and well-loved cars in existence today, models like the Porsche 911, the Corvette Stingray, and even the modern Honda Civic.
Without this winning combination, however, it is possible to make huge mistakes. Read more…
Life Insurance Awareness Month, the time of year that the insurance industry reaches out to educate the American public about life insurance. LIMRA, an association that provides consulting, research and other services to insurance and financial services companies worldwide, publishes their Facts of Life, a statistical analysis of the life insurance industry. Out of all the life insurance statistics they provide, I find the ethnic studies to be the most interesting. This is from their 2011 study:
More than 80 percent of African Americans believe the main reason to buy life insurance is because you love your family:
- In comparison to other ethic groups, African Americans are more concerned about not putting a burden on others with their funeral expenses and leaving an inheritance for their family. They are more likely to own life insurance for these reasons than other ethnic groups.
- African Americans have a better understanding than other ethnic groups about how life insurance works, including how it protects the family and why families should own it.
- When buying life insurance, African Americans, compared to other ethnic groups, place more importance on being certain they understand exactly what they are purchasing and less importance on getting a fixed price that cannot increase.
Seventy percent of Hispanics think they need life insurance:
- Hispanics are less likely to feel insurance agents are knowledgeable and consequently are less likely to buy from an insurance agent than other ethnic groups.
- Hispanics are more likely to cite paying for a college education as a reason to own life insurance.
- Hispanics are more likely to prefer to buy life insurance direct from a company via the Internet than any other ethnic group.
These statements are from several of LIMRAs life insurance consumer studies and are not based on my experience. While I find statistics like these to be fascinating, I believe that any time you group the experience of any ethnic group, you are liable to make broad generalities.
As people come to our Website and get life insurance quotes anonymously, we have no idea of the ethnic make-up of each visitor. When our visitors apply for a policy, all of our contact is via telephone or email, so we still dont learn the ethnicity of our visitors.
LIMRAs mission is to help their members improve their marketing and distribution effectiveness. I imagine the life insurance companies can use the data from these surveys to learn how to market to different groups. However, because of the relative anonymity of the world of online life insurance brokers, this is data that will never be used by usand I like it like that.
Research that was recently conducted by a notable insurance provider has determined that one out of ten vacation travelers will have the correct insurance. That leaves a whopping nine out of ten people that are incorrectly insured or not insured at all. Travel insurance is often the forgotten, yet most needed insurance, especially when traveling abroad. The study showed that 25% of those polled said they think travel insurance is a complete waste of money while over thirty percent of those that did purchase the insurance waited until the very last second.
Travel Insurance is important in covering a number of events that can be completely out of the hands of the traveler. Most travel insurance policies will cover problems occurring during or before the trip that cause disruption. Disasters such as earthquakes, hailstorms and in some cases just severe inclement weather can be enough cause to keep your travel plans grounded. Those that are not insured could lose hotel deposits, reservations could be cancelled causing a reservation cancellation fee amongst many other factors.
There are other riders that can be attached to travel insurance depending on where you are traveling or what your specific needs are. Some may go for kidnapping insurance, mostly for major corporations that purchase it to protect their employees. There are also special policies in regards to healthcare and those that are elderly or need specific medical coverage for their illness.
Travel insurance is most often purchased on an annual or per trip basis. Policie
Read more…