Underwriting Life Insurance For Diabetics and Diabetic Life Insurance Information

Life Insurance Companies differ in their “underwriting philosophy” when it comes to diabetes. Offering life insurance for diabetics can be risky if the underwriters are not fully trained. Underwriters at the insurance companies that are fluent in underwriting diabetes have the ability to look at all of these factors and determine if the company will accept them as a risk. Moderately controlled diabetes cases would usually merit a “rating” or an increase in the premium, but not necessarily a declination for coverage. If the client with diabetes that is looking for life insurance is not controlled, then there are options – it will just cost them more for coverage!

Diabetic Life Insurance can be obtained no matter how severe the diabetes condition is. If the proposed insured has well controlled diabetes and a history of compliance with what the Doctor reccomends, then the rate for insurance will naturally reflect that. The better the control, the better the rate. Clients with well controlled diabetes have a great chance at getting a lower rate from a regular insurance carrier and would qualify for a policy that is fully underwritten. If, at the other extreme, the client has very poor control over the diabetes, the rate will be higher and the client will have to go with a life insurance plan that guarantees acceptance. This type of life insurance is called “guaranteed issue life insurance”.

Guaranteed issue life insurance for diabetics is more expensive than regular (fully underwritten) life insurance and is only sold as “whole life insurance”. This type of insurance can be advantageous, though, because it builds cash value and is intended to cover the client for their “whole life” as opposed to a “term” period of time. Another provision of guaranteed issue is that the premiums paid into the policy would be paid to the beneficiary PLUS 10% interest if the insured dies within the first 3 years of the policy’s inception. After that 3 year period of time, the guaranteed issue policy would pay the full death benefit to the beneficiary.

Fully Underwritten policies take the client’s full medical records into account. The doctor’s records are ordered, blood is drawn, a urine sample is taken, and a full screening is done to evaluate the client. If the insurance company decides to insure this applicant, it is after the company’s underwriters look at the case. If the client is fully underwritten and passes through underwriting, then they would have more options than just whole life insurance (in the case of those who are in need of guaranteed issue whole life insurance). Term insurance, Universal Life Insurance, Survivorship Universal Life Insurance, and regular Whole Life Insurance would be available to these applicants that are fully underwritten.

When evaluating a client with diabetes, the underwriters at the insurance company take into account whether the client is a type one diabetic (type I diabetic, type 1 diabetic, type 1 diabetes, type I diabetes) or a type two diabetic (type II diabetic, type 2 diabetic, type 2 diabetes, type II diabetes). Another thing that the underwriters look at is whether the client is a juvenile onset diabetic or an adult onset diabetic. And yet Another determining factor is the Hemoglobin A1C level (this is a more comprehensive test, showing the blood sugar levels over about a 3 month period of time as opposed to a quick “snapshot” blood level test).

If the client’s A1C level is below 8, then fully underwritten life insurance may be available subject to the client’s full medical file. If the client’s A1C level is above 8, then guaranteed issue life insurance is a more realistic goal.

One of the things that applicants fear in the case of insulin dependent type 1 diabetics is whether or not their insulin pump will prevent them from getting a life insurance policy. An insulin pump is actually a positive factor where life insurance underwriting is concerned because the client’s insulin level is kept at a constant level.

How often the client monitors their sugar or glucose levels in their blood is another factor. If the client habitually monitors their glucose level, then this is seen as evidence of compliance on the part of the client. If, on the other hand, the client does not monitor these sugar levels, then this could be seen as a negative in the eyes of the insurers and underwriters.

Have there been any low sugar episodes? Have there been any high sugar episodes? Is the client taking glucovance, glucophage, insulin injection, or other type of medicinal treatment? Is the client controlling the diabetes with “diet and exercise”? These are all questions that will be asked during the underwriting process (unless you opt for guaranteed issue).

By the way…ANYONE can get guaranteed issue; you don’t have to be “uninsurable”. Guaranteed issue is available for clients between the ages of 46 and 80 and up to $35,000 in coverage. Again, this is the more expensive type of life insurance and it is advisable that if you CAN make it through an underwriting evaluation, you should try unless you just want to pay more and be done with it!

So what kind of companies will accept clients with diabetes? Personally, I broker only with “A” rated companies that have the right combination of price, customer service, product variety, and recognition in the market. I deal with companies that take clients on a case by case basis as opposed to categorizing them “by the book”. I have fully researched the market, I am in touch with the underwriters personally, and I assure you that these companies have the proper credentials to back up their policies. My clients are provided with full company backgrounds and financial profiles. I deal with several companies that are in the market to insure diabetics. The reason why I am witholding exactly what companies I deal with is because I want to earn your business and represent you as your life insurance agent. Contact Me for a free consultation!

Easy Ways To Get Affordable Term Life Insurance?

If you’re on the lookout for affordable term life insurance then this article is for you. Contrary to popular belief affordable term life insurance can be a smart decision for a lot of people. In most cases the only drawback regarding term life insurance is the length of the insurance policy. Most insurance underwriters will only carry a term life insurance policy for a maximum of 30 years. With this one drawback there are many consumers who instead opt for a regular life insurance policy, which can also be a cash-value policy. The monthly insurance payments or premiums for this type of life insurance policy are usually more expensive when compared to a standard term life insurance policy. These standard life insurance policies offer a lifetime value and feature a built in savings program. Whether or not that sways you to purchase that type of policy over a term life insurance policy is a decision only you can make.

I will assume you are still interested in the benefits of a term life insurance policy and how easy it can be to actually find affordable term life insurance. The best place to shop for affordable life insurance policies is on the Internet. The ability to instantly and easily compare hundreds of life insurance offerings from many different companies gives you the ability to truly find the most affordable term life insurance policy with all of the features you’re interested in having.

In fact many insurance companies offer websites that are very user friendly and easy to navigate. Best of all you don’t have to worry about talking to an insurance agent that you feel may be interested in only making a sale instead of best serving your life insurance needs. When using online access to view insurance quotes you can quickly compare polices and insurance quotes to see which insurance company offers the best policy for your needs at an affordable price. In order to speed up the process you should have some information about your current state of health readily available. Information such as your current weight, blood pressure, cholesterol level and previous medical history when available will greatly aid in speeding up the life insurance quote process and allow you to receive a more accurate rate in your free term life insurance quote.

There are a few bits of crucial information that can help you lower your current term life insurance rates. For instance if you just had a health checkup (which you should do annually) and can show that you’ve lost weight or decreased your cholesterol level this will allow you to be offered a cheaper term life insurance quote. Additionally if you were a smoker and decided to kick the habit you could be entitled to a decrease in your current term life insurance rate.

Other methods of achieving a lower out of pocket cost for your term life insurance revolve around your actual insurance company. Some will offer a slight discount provided you have a your insurance payment automatically taken out of your bank account. Even more companies offer a substantial savings for each insurance coverage amount increase. Make sure to compare what the rates are between amounts such as $250,000, $500,000 and higher. One thing to consider is your age. As with most life insurance, term life policies are cheaper the younger you are so if you’re debating on whether or not to purchase an affordable term life insurance policy you may want to do so before your next birthday. Finally if you’ve ever had any type of surgical procedure done to treat a major medical condition you may be able to negotiate for a lower term life rate depending on how long ago your operation to treat the medical condition took place.

Finding affordable term life insurance doesn’t have to be a stressful situation. Especially if you’ve taken the time to familiarize yourself with the many ways to effectively lower your insurance costs. One thing is for sure, its well worth your time and pocketbook to do some comparative shopping online in order to find the best and most affordable term life insurance provider.

Is Life Insurance Right for Me?

Life insurance provides money to your family or loved ones if you should die. Life insurance can also help protect the financial interests of a business if a key employee should die. Here, we will discuss the use of life insurance for your family.

Now, no one likes to think about the consequences of their death. Yet, people die of accidents and diseases every single day. Around 2.5 million people in the United States die every year. While diseases lead the list of causes, over 100,000 people die every year of accidental causes.

If you have family members that depend on your earning power, the important question you must ask yourself is, “What will happen to them if I am no longer around to provide for them?”

And, you must ask that question now, before you die of an accident or are diagnosed with a deadly disease. Once you are involved in a deadly accident, it’s to late to obtain life insurance. And, once you are diagnosed with a deadly disease it’s awfully hard to obtain life insurance.

Life insurance can protect and provide for your family in a number of ways:

– Pay off debts

– Provide care and education of your children

– Provide needed money before your spouse can make up for your lost income

=== Life Insurance Can Pay Off Debts ===

Many families live in a home with a substantial mortgage. Your mortgage typically represents your greatest debt. Your income is probably what provides the money to pay your mortgage payment. Life insurance can be used to pay off that mortgage debt if your income is lost.

Millions of families have a large credit card debt. They often cannot pay off their credit cards every month. Those families that seldom pay off their credit cards have an average debt of nearly $8,000. And, many families that declare bankruptcy have tens of thousands of dollars in credit card debt. Life insurance can be used to pay off that credit card debt.

=== Life Insurance Can Help Pay for the Care and Education of Your Children ===

If you are a family with “special needs” children, you may be paying for special tutoring or child care. These expenses will continue beyond your untimely death. Life insurance can help provide for your child’s special needs. This help could continue for quite some time.

A university education often costs $20,000 a year or more. Your savings and investments over the years could help pay that cost. But, if your income stops before those investments can grow to help your children with their education expenses, your children will have less money available to get them through their university education. Life insurance can be used to help provide the educational costs of tuition, books, fees, and living expenses.

=== Life Insurance Helps Your Spouse ===

Your spouse may or may not be able to make up for your lost income. Depending on your spouse’s age or other circumstances, your spouse may:

– Re-marry and gain another source of income.

– Wait until a pension and/or Social Security provides an additional income stream.

– Increase income from employment or entrepreneurial efforts.

Life insurance can help your spouse make the transition from the time of your death to the time of a new income stream. While life insurance sales people often want you consider your family’s lifetime income requirements, this is often beyond what is really required.

You need to consider how large an income stream your spouse needs and for how long before a successful transition to another source of income can be made. The face value of your life insurance can be tailored to help provide the income stream through this interim period.

Typically, as you become older and income from pensions and Social Security are closer at hand, your need for life insurance decreases. And, if you have built up sufficient financial resources, your need for life insurance is almost non-existent.

=== Types of Life Insurance ===

There are two basic types of life insurance:

– Term Life Insurance

– Whole Life Insurance

Term life insurance is simply a contract that calls for you to pay a premium for a certain number of years for a certain face value of life insurance. The length of the contract can vary from 1 to 30 years. If your term policy ends without your death, you receive no benefits. If you die before your policy ends, you survivors receive the full face value of the insurance.

Some term life policies are called “decreasing term” because the face value of the policy decreases over the years. Term life insurance policies are often “renewable” when they expire, allowing you to get another policy of term life insurance without a new physical examination.

Whole life insurance is a long term policy in which you pay premiums that provide for both life insurance and a “cash value” investment plan. When the policy is surrendered, it either pays the face value death benefit (if you die) or the “cash value” of the policy. Often the “cash value” of your policy is determined by a fixed rate of return on your premium payments. After some initial period, you can borrow against the cash value of the policy. The premiums for whole life insurance are higher than for term life insurance.

Whole life insurance is also offered with some variations in premium payments and face value amount. Such variable plans can be called universal life insurance, variable life insurance, or other names.

Several factors are important when considering whole life insurance. You should clearly understand:

– When Cash Value Begins to Build — Often whole life insurance policies do not allocate much of your premium to begin building a significant cash value before you’ve paid into the policy for 10 years or more.

– Rate of Return — The rate at which your policy builds cash value is often below the rate you could get if you invested elsewhere.

You should carefully investigate both term life insurance and whole life insurance plans. It is often wise to consider buying a term life insurance policy and investing the excess of what the whole life insurance policy would cost. That way you would have the benefit of both life insurance and a higher rate of return on your investments.

Overall, you should evaluate your circumstances to determine if you need life insurance. If you need life insurance you should determine how much insurance is appropriate and the type of life insurance policy that would best meet your family’s needs.

How I Became An Expert on Services

Some Details To Note When Looking For An Excellent General Construction Company

Having a firm house will require some things for it to be excellent. There are different types of homes seen nowadays. A portion of these homes are developed somewhere different and afterward put on the ideal spot. It is imperative to have affirmation they are flawlessly built. One may also opt for other kinds of homes depending on their taste. With regards to all these, it is necessary to have confidence in the company dealing with the construction work. For one to perceive this, it is fundamental to take note of a couple of components before drawing in the organization. The following are some inconceivable things to consider when choosing one.

With regards to modular homes, it is essential to distinguish the development masters can manage them effectively. This is where you must identify if the company has a specialist in managing these homes only or not. Modular homes ought to be developed utilizing solid materials. They must also be constructed with energy-saving products in order to spare your resources. When contacting the said company, it is nice to ask if it is ready to meet all these demands or not. If it is willing to do, just ensure you include it for an excellent modular house.

Something else to remember is when contracting them for the foundation ventures. In each home, there must be a solid establishment. It is correct to use excellent water-resistant materials when constructing the ideal foundation. It is also right for the foundation to have some repairs from time to time. With these tasks, it needs a firm with many years of skills doing this job. As needs be, it is basic to inquire to what extent the firm has been handling foundation services. With numerous long periods of taking care of these administrations, it indicates it is prepared to embrace your venture viably.

General construction entails a lot of tasks. These are services are intended to give a safe home to dwell in. The expected tasks are supposed to protect your home in the most possible means. For the house to be great to stay in, it is important to hire certified construction experts. For any company to be certified, it proves that it has adhered to the construction laws in your region. It is also essential to deal with an insured organization. This is because there are numerous accidents that could occur there. To be safe, it is relevant to confirm it is insured by a reliable insurer.

With the mentioned tips, it will be good to reach out to these construction experts without taking too much time. To make everything easy, it is advisable to include local construction companies.

Life Insurance

Life insurance companies are often regarded as organizations which make money out of the business of death. The significance of life insurance in the lives of innumerable people however cannot be understated. It can be a lifesaver for dependents and loved ones of a policy buyer. Death offers no second chance but life insurance can help to provide financial security to the survivors.

Most individuals buy life insurance policies to secure the future of their dependents in case of their demise, whether premature, accidental, or due to sickness. Life insurance offers a certain guarantee of financial security for the dependents in the event of the policy buyer’s demise.

The dependents of the policyholders are given this sum if the premiums have been given in time. However, in modern times life insurance can be used as an investment option, as a security for loans and for other requirements as well. A life insurance policy purchased discreetly with due caution can be modulated to attend to the various needs of a policyholder.

Life insurance has become significant in a world where social security benefits, pension plans, and family savings become inadequate to answer the financial requirement of the entire family, cover health costs or to retain a certain life style, in case of the demise of the breadwinner.

There are various insurance plans that offer policies to sick individuals who are unable to get insurance anywhere else, although the premiums are high. Insurance companies generally hesitate to insure individuals with high mortality risks. Smokers, diabetics or obese individuals are often insured with double or triple the premiums paid by non-smokers or non-diabetics.

The major kinds of insurance policies are term life insurance and permanent life insurance. There are various variations within these. A term life insurance policy provides death insurance for a specified duration. The initial premiums are very low but get more expensive with each passing year, and in the long run they come to be more expensive. These are generally suitable for young people with short-term requirements like a house loan, a car loan, or educational funding.

The beneficiary amount is given only in case of death of the policyholder in that specified period. The renewal of term policies or conversion to permanent is more expensive.

There are no dividends or cash values gained through this policy, which is purely protection-oriented. Whole life insurance provides security. Initial premiums are substantially higher than the actual price of the insurance, but the premium is later on much lower than for term life insurance. The initial high premiums are used to level out the premium later, and applied to cover the entire life.

Whole life insurance offers dividends and cash values on maturity. Endowment insurance is a variation of term insurance that can be used for purpose of saving, or getting additional income during retirement. Universal life insurance is an offshoot of whole life insurance where the buyer has the flexibility to choose the kind of premium.

Variable life insurance is popular because the premium money is invested in various funds so that it has a potential to reap dividends. Variable universal life insurance accommodates the advantages of both the universal and variable life insurance. Single-purchase life insurance enables an individual to buy the policy at once. Survivorship life insurance is done jointly by two individuals.

There are various kinds of other insurance plans with numerous variations offered by different companies. Apart from consulting experts in securing the best policy suiting your individual needs, one should weigh the options, consider the kind of coverage required or insurance needed, the ability to pay premiums, and the duration of the requirement.

4 Reasons Why You Need Life Insurance in College Itself

Life is full of uncertainties and we can never know what life has planned for tomorrow. And students are no different in that. Even if you are a student that doesn’t mean that you are immune from the unwanted events of life. Life insurance policies protect you and your loved ones against the uncertainty of life. In case of an unfortunate event, the insurance provider helps with a lump sum amount of money helping the family to take care of financial debts and other responsibilities. Losing a child can be a heart-breaking experience for any parent and accumulated cash amount can be very helpful in such situations. Parents or loved ones may utilize this amount to help them to take care of funeral expenses, pending personal or education loans and other essential expenses. In this article, we are going to explain what is the importance of a life insurance for students and the benefits offered by various insurance providers.

Life Insurance Options for Students

Insurance providers are coming up with advantageous life insurance policies for different types of customers and students are no different. Usually, students are more into enjoying their college time than thinking of protection from unfortunate incidents. For once, it may seem irrelevant to the students, but if you go into the details, you will find life insurance is a smart buy. However, most people don’t realize the need in the early stages of their life and hence can’t buy one for them. Such policies are providing the students a useful way to take care of their study and other essential expenses.

There are multiple companies offering life insurance plans at affordable rates online. You are just requested to fill an online for the official website of insurance providers or on an insurance portal with multiple providers. Insurance representatives from different companies will reach you with top insurance quotes as per your requirement. They will patiently listen to your queries, explain all the available plan clearly and suggest the most suitable for you. Comparing the different plans for their coverage and benefits, you can choose a plan offering the maximum coverage for the best price. Also, students are considered to have a longer life-expectancy than some older buyer and are expected to live longer. Hence, insurance policies offer a cheaper insurance plan to attract younger buyers. If you are unmarried along with being a student and make you mind buying a life insurance plan, you may qualify some great discount of your insurance plan and get a premium quite cheaper than someone who is married or is working with a firm. Moreover, if you buy a life insurance plan in early stage of life, you can help your parents take a breath if relief as they won’t have to think much about the uncertainty of future.

Reasons to buy a life insurance plan for students

There are several reasons that may compel a student to a buy a life insurance for themselves. Here are a few of them:

The Study Loan

This is one of the major reasons for students to buy a cheap life insurance policy for them. Almost every college student in the United States needs to take care of their educational and other essential expenses such the cost of lodging, food, and transportation themselves. They had to go for an education loan to pay their tuition fees that they will require repaying once the course is completed. There are two types of loans provided to students: Federal Study Loans and Private Study Loans. Federal study loans that are provided by federal Govt. waive off the loans if the insured dies before repaying the debt. But that not the case with private study loans. Generally, private loans are provided with a co-signer and if the insured dies without repaying the full amount, the co-signer will have to repay the balance. In cases, there is no co-signer, the debts are paid by selling a portion of estates named to the insured. Having a right insurance in place can help you avoid such consequences and secure you co-signer as well.

Parents with Debts

Most often, when the students graduate, their parents will have their own debts that they might have taken to make the college education possible. The study loan alone will cost $30,000 on average and there are additional debts such as home equity lines of credit, credit card debt, 401(k) loans or mortgage debts that aren’t be waived off upon the death of the borrower. In case they die before repaying the debt, this may create a trouble for the parents who are grieving the loss of their child. Grieving parents may have their own debts and financial responsibilities, and this may add an additional financial burden to them.

In such cases, insurance companies provide a lump sum death benefit to the parents that greatly helps to take care of pending financial debts of their deceased child. Hence, it’s always a good idea to buy an insurance in your college only. Just by filling a form on their websites, you can get multiple life insurance quotes online and choose a preferred insurance policy for you as well as your family. If you are in a dilemma, you can get the help experts from different insurance companies that will provide the life insurance policy details for each clearly and help you decide the most suitable insurance plan for you.

Expenses of Young Marriage and New Parents

You may not believe it at first, but a large number of students get married and have kids while there are in college. According to the National Center for Education Statistics, around 20 percent of undergraduate students are married, and more than 25 percent of undergraduate students are taking care of their kids while going to college. Losing a spouse at this age can be disheartening and the pending study loan can put an additional burden on the surviving spouse. Having a life insurance will provide an accumulated cash amount that will help the surviving spouse take care of pending financial debts, funeral expenses and help to raise the kids as well.

Care of Older Parents

For the students, who are youngest in their family or are born in later years will have an older parent by the time they will graduate. They may or may not have a full-time to take care of the family expenses and might be partly or fully dependent on their child as well. If they lose their child at such age, this can be heart-breaking for the parents and the additional burden of paying the pending financial debts may make the things worse. If the students would have a life insurance in place, this would help their parent to repay the financial debts as taking care of other essential expenses.

Term Life Insurance – Everything That You Need to Know to Get the Best Policy for Your Needs

If you have a spouse, children or both and their current and future standard of living is dependent on the money that you bring home every month, then Term Life Insurance is the best financial purchase that you will ever make! For just a few cents per day you can guarantee that if something unforeseen happens to you, they will not have their future will assured.

The Purpose of Term Life Insurance

Nothing can be any simpler than Term Life Insurance. In exchange for a set premium the insurance company promises to pay your beneficiary (the person designated to receive the proceeds) the full amount of your policy.

This type of insurance policy does not build any cash value. You simply decide how long you want the coverage to last and pay the specified premium. The longer the length of coverage the higher the premium.

Here is an example for a $100,000 policy for a 35-year-old male non-smoker:

A ten-year term policy is $7 monthly, A twenty-year term policy is $9 monthly and a thirty-year term policy is $13 monthly

Here is an example for a $100,000 policy for a 50-year-old male non-smoker:

A ten-year term policy is $14 monthly, A twenty-year term policy is $21 monthly and a thirty-year term policy is $36 monthly

How Long Do You Need Life Insurance For?

Most people will need coverage for longer than they may think. Consider these reasons for buying life insurance and the appropriate time frams:

You have young children and you want to guarantee that in the event of your premature death (isn’t all death premature?) their college is paid for. In this case either a 25 or 30-year term policy would be best.

You have a mortgage on your home and it currently requires your income as well as that of your spouse to make ends meet. Since most mortgages are of the thirty-year variety, I would look for a 30-year term policy.

You and your spouse are age 50 and empty nesters but it requires both incomes to maintain your standard of income, including saving for retirement. In this case a twenty or thirty-year term policy is ideal.

Buy the Least Expensive Policy That You Can!

Regardless of the insurance company a $100,000 twenty-year term policy will pay $100,000 in the event of death. Since you do not build any cash values it doesn’t matter what company you choose to buy from. The one caveat is that you only want to buy from an insurance company that is rated “A” or better by A.M. Best. These are the companies with the strongest financials. On my website you can shop the rates of the best life insurance companies in the United States.

Shopping is critical because but rates will vary significantly from one company to the next. Rates for $250,000 Thirty-Year Term policy for a 40-year-old female non-smoker with no physical exam can have monthly premiums as low as $24 with the least expensive insurance company to as high as $36 monthly to the most expensive insurance company. In all cases the death benefit is identical. My suggestion is to buy the least expensive plan!

If You Are Healthy – Change Plans and Save Money!

Rates on term life insurance have been steadily decreasing over the last thirty years. Just because you purchased a twenty-year policy five years ago does not mean that you cannot save money or extend your coverage for the same premium by switching companies. Unlike cash-value life insurance you have nothing to lose by changing plans. But you may have a lot of money to lose by not switching. And in today’s economic world we must make our dollars work harder for us!

48% Of Americans Die Without Leaving Life Insurance Benefits

While the fact that 40% of Americans dies without leaving any life insurance benefits is shocking, another 21% of Americans reported that a loved one died and did not leave enough life insurance. These statistics beg the question: why would an income earning spouse or parent not buy life insurance to protect their dependent’s futures?

One study found that many people put off buying life insurance because they found all very confusing. To those people I have some very good news! Term insurance is simple. You simply choose the number of years that you want coverage, get some rates and then choose the least expensive policy.

Another reason that many people do not buy life insurance is because they do not want to deal with an insurance agent. These individuals see insurance agents as little more than salespeople and no one wants to be sold. There is very good news on this front as well. As a result of advances in technology there are websites like mine where you can get a quote and enroll without ever talking with an insurance agent, unless of course you want to!

Term Life Insurance Has Never Been Cheaper

A 35-year-old make non-smoker can get $100,000 of twenty-year term life insurance for $9 a month. This same individual can leave his family the same $250,000 twenty-year term life insurance for only $4 a month more.

So don’t put off protecting your family’s financial future.

Life Insurance Policies

There are various aspects to consider before getting a life insurance policy. One of them is a sustained doubt about the significance and need for life insurance. A life insurance policy is relevant for all individuals who are concerned about the financial future of their family in case of death.

Apart from the purely protectional needs, life insurance policies, like whole and variable life insurance, offer the opportunity for tax-free investment and reaping dividends, and they have a built-in cash value. Purchased with due discretion, it can be utilized as liquid cash to cater to the various needs of policyholders.

There are various types of life insurance policies customized to suit the different needs of various individuals. Depending on the number of dependants and kind of insurance needs, a suitable life insurance policy can be chosen after consultation with financial experts and advisors.

Whole life insurance and term life insurance are the two basic forms of insurance policies. With time, there have been different variations to suit the changing demands of people. A term life insurance policy is also called temporary or short-term life insurance. These are purely protection-oriented and provide death benefits only if the insured dies within the period specified in the policy. In case the insured lives past the specified duration, no money is given.

People with short-term insurance needs, like a young individual with dependents, a house loan or a car loan, favor this kind of insurance policy because they are cheap and affordable in comparison to whole life policies. In the initial years the premiums are very low; however, as the mortality risk of the insured increases with age the premium cost increases and at time becomes more than that of whole life insurance.

There are now two kinds of term life insurance, namely level term (decreasing premium) and annual renewable term (increasing premium) policies. The premiums of level term are initially higher than renewable term, but become lower in the later years. Whole life insurance has an ingrained cash value and guaranteed life protection features. The initial steep premiums of whole life insurance may exceed the actual cost of the insurance. This surplus, which is the cash value, is added to a separate account and can be used as a tax-free investment to reap dividends, and is also used to enable the insured to give a level premium latter on. There is a guarantee of getting the death benefit on the maturity of the policy or death of the insured, apart from cash value surrendered in case of cancellation.

Return of premium is popular because it combines the features of whole and term policies. It costs double the amount of a term policy. The policy is made for a set time, but full value is given on death within that period or in case the policy matures. Universal, variable and universal variables are different variations of whole life insurance policies. A universal life insurance policy offers the flexibility to the insured to choose the kind of premium payment, the death benefits and the coverage amount.

Variable life insurance policies enable the insurance buyer to invest the cash value in direct investment for a greater potential return. A universal variable insurance policy integrates the flexibility factor of a universal policy and the investment option of a variable policy. Single purchase life insurance enables a buyer to buy the policy and own it through a one-time premium payment. A survivorship or second-to-die insurance policy is a joint form of life insurance policy which is devised to serve the specific purpose of certain individuals. Apart from these, there are also endowment life insurance policies. Endowment is with profit kind or unit-liked kind. On maturity of the policy or on the death of the insured the value of the policy or the amount insured, whichever is more, is given back.

Life insurance policies differ from company to company, and hence the various parameters have to be analyzed meticulously with the help of experts and financial advisors to get the best deal.

Looking On The Bright Side of Houses

The Premiums that Come with Expert Lawn and Landscape Maintenance Services

By and large, there is just so much in your cup as a homeowner when it comes to home maintenance tasks and this as such makes it such a hassle when it comes to the need to tend to your lawns that as well call for so much like weeding, mowing and pruning the lawns. When it comes to business establishments, such will be depending on a clean and welcoming environment for the need to bring in customers to the business. But this be as it is, you must as well factor landscaping needs of your property into your business model as you as well have so much in your hands to handle as a business.

Thus the best bet for a solution to all this as it is for many business owners out there and homeowners is to go for a professional for your lawn care and landscape maintenance needs. Having such a partnership with these experts is one that benefits you and your garden in a number of ways. Read on in this post and see some of the top benefits that follow hiring of the professionals for your landscaping and lawn care needs.

Looking at these benefits and reasons why this is one move you will appreciate is for the boost it gives your property’s appeal. The main reason for this is considering the fact that the landscape design on your property actually has such a huge impact on the looks that your property will have in a general sense. By and large, for you to achieve this, you need to make sure that your lawns are ever clean, the yards neat and the trees as well should be looking healthy as can be and for this, you need to have a professional lawn care and landscaping company contracted to attend to these.

Professional landscaping and lawn care services are as well recommended looking at the fact that with them, you will be able to see an improved quality of care for your trees and lawns. This is even looking at the fact that for such quality, there is a lot of skill, equipment and experience that is called for which is only available with the experts in lawn care and landscaping.

Added to the above, professional landscaping and lawn care services as well will get you cost effective solutions to your lawn care and landscaping needs in the property.

Different Life Insurance Policies, Different Rates – But, Now’s The Time To Reevaluate Your Policy

Here are the top four life insurances listed from most expensive to the least expensive.

Universal life insurance

Whole life insurance

Return of Premium life insurance (R.O.P.)

and least expensive of all – Standard Term life insurance

The least expensive may sound good but it may not necessarily be the best insurance for you and your family. A lot of people may have different policies. Two or even three. Each one covering a specific need.

Okay, let’s get to these important tips that could save you money when shopping for life insurance.

Buy life insurance while you’re young.

The younger you are when you purchase a life insurance policy the better. Your rates will be much lower. Buying life insurance for your children when they are young will keep their premiums low for the rest of their lives. Up to 10 times lower!

Find a life insurance policy that meets all your needs.

In other words, a policy that is’ tailor-made’ just for you and your family. Everyone has different needs.

You have a home with a 30 year mortgage that you would want to protect with a 30 year policy. You are 30 to 40 years of age. You should consider a small Whole life insurance policy with an additional 20 year Term life policy. Perhaps you are close to retirement. A 10 year Term life insurance policy may be right for you.

If you are a smoker, you want to consider a short term life insurance policy. (Just quit smoking!! Get a new policy! Many policies are much cheaper for a non-smoker. You will not only get healthier, but think of the money you’ll be saving! Not just on your premiums, but on all that you spend on tobacco!! )

How much life insurance should you purchase to meet your needs and the needs of your family?

First, you need to sit down and figure out what your needs are and the needs of your family.

You need to be prepared when dealing with insurance companies. Their goal is to make money off you. They will do their very best to try and sell you more coverage than you really need. Only purchase enough coverage that will take care of your family if something should happen to you. Such as, burial expenses, out-standing debts, mortgage, etc. Enough insurance for them to live on in a way they have become accustom to. (Note: An average standard is 10 times your yearly gross income plus any large debts you may have.)

The reason one should need to purchase more life insurance than needed is if you are leaving behind a large estate. This would be to keep the assets of your estate from being taxed.

If an insurance company is trying to push you to buy more coverage than you need, move on to another insurance company! There is no trick to buying life insurance. It’s not only fast and easy; It’s free on the internet! You can get many different quotes from many different insurance companies in no time at all and save you a lot of money.

Save money by matching the right insurance company to your lifestyle Let’s say that you have a high risk occupation. Such as an airplane pilot or construction worker. Or perhaps you have a high risk hobby. Such as jumping out of an airplane rather then piloting one. Insurance companies are well aware that they are taking a big. Therefore, they will charge you much higher rates figuring that you may not be paying them premiums as long as they had planned on.

The insurance companies will still insure ‘high risk’ people. But the amount of those individuals is limited. Example: An insurance company, let’s say, has a limit of 10,000 policies that they will issue to a ‘high risk’ individual. Each individual pays $1,000 per year for their policy. Now, after the insurance company reaches their limit of 10,000 policy holders, a ‘new’ high risk individual, (#10,001), is going to pay double for that exact same policy. Why? Because insurance companies are NOT going to exceed that limit and put their assets at risk. They need to compensate by charging higher rates to everyone over that limit.

Take notice of fluctuating rates as your insurance policy increases Some insurance companies are willing to give you a bit of a price break when you increase the amount of your coverage. It is possible to get a $300,000 policy from one insurance company for less than a $275,000 from another insurance company, even if both insurance companies charge the exact same price for that $275,000 policy.

It really pays to check both above and below the coverage you are looking at. You may be surprised at what you might find when you compare.

Are you paying too much for life insurance through you place of employment? Chances are, yes! You see your employer and the insurance company work together to agree on one set ‘group’ rate. Meaning, all employees’ pays the same price for their life insurance policy. They are going to figure in the number of ‘healthy’ and ‘unhealthy’ employee’s. Now, we already know that a person who is unhealthy will pay more.

Not the case through work. Everyone pays the same rate. The ‘group’ rate’. Therefore, if you are one of the ‘healthy’ employee’s, chances are, you are pay too much because you are paying a portion of the ‘unhealthy’ employee’s premium payment.

Let’s say that in a normal situation, an insurance companies rate would be $50 per week for a healthy person and $100 per week for an unhealthy person. In a ‘group’ rate situation, a set rate would be $75 per week for everyone. Every employee whether healthy or not.

That means that a healthy employee is getting an extra $25 per week taken out of their paycheck to help pay for a portion of the ‘unhealthy’ employee’s premiums.

If this is your case, the wise thing to do, if you are one of the ‘healthy’ employee’s, is to take that $75 per week out of your paycheck yourself and invest it in a life insurance policy that is tailor-made just for you. You would now be in control. You must also keep in mind that if you should ever leave this job, or retire, most likely you would lose any life insurance benefits you had through the company. By investing in your own policy, (and as long as you pay your premiums,) you would never be in fear of losing a policy that you may have paid many, many years in to.

You may save money by paying your premium payments annually.

By making annual premium payments, your life insurance company may give you a discount rate. After all, they are saving money with less labor and less paper work compared to those who pay monthly. If annual payments won’t work for you, ask the insurance company if they will offer a discount on your monthly premium if you pay by credit card. Many insurance companies don’t just willingly offer a discount. So don’t be afraid to ask!

Watch out for “Age Nearest” in your policy

When an insurance company raises your rates as you get older, these increases may not occur on your birthday as most would assume. The fact is, most insurance companies will raise the rates of your policy six months prior to your birthday. They call this ‘Age Nearest’. This could end up costing you a lot of money over the length of your policy. Make sure that you ask your insurance company ‘how’ and ‘when’ they increase their rates.

When to reevaluate your life insurance policy

There are several reasons for reevaluating your life insurance policy every year or so. Insurance rates are dropping, mainly because the internet has made it so easy for everyone to get life insurance quotes. This is resulting in a fierce competition between insurance companies. People are also living longer these days. That means longer policies for the insurance companies and longer premium payments.

It is possible to double your existing policy without paying any more than you are now. Anytime there is a substantial change in your life, you need to reevaluate your life insurance policy. You could be paying for coverage that you no longer need such as, your mortgage, your debts, or you no longer have dependants living at home.

Or, You may need to increase your coverage because, you had a child or purchased a new home. Very, very few insurance companies will ask you on a yearly basis if there are any major changes in your life. You need to inform them and ask them to reevaluate your policy. You can get a cheap life insurance quote but you have to ask and compare.