What To Look For In Denver Insurance Denver insurance is important. After all, it helps to protect those in the mile high city from the various accidents and disasters that can happen every day. However, it can be quite puzzling to figure out from which company one should purchase a policy. Fortunately, there are a few key factors one should be able to satisfy when conducting a search. One needs a good agent, a good balance...more
Benefits of Accidental Death Insurance Accidental death insurance is an inexpensive insurance coverage that can prove to be extremely useful when combined with a life insurance policy. Many life insurance companies offer accidental death insurance as a free rider. If not, you may need to pay a small additional amount for this type of coverage. As a rider within your life insurance policy, accidental death insurance provides your...more
Life Insurance 101- Basics Life insurance is basically a contract between two parties: the life insurance company and the policy owner. After the demise of the policy owner, the life insurance company agrees to pay a lump sum amount based on premiums paid by the policy owner, to a designated beneficiary. The policy owner must pay the life insurance company either a lump sum or a stipulated amount at regular intervals in order to keep the policy in effect. In addition to death, a life insurance policy may also cover terminal illness or critical illness and provide the policy owner with what is known as "accelerated" death benefits to cover cost of treatment.Types of Life InsuranceLife insurance purely for protection: This type of life insurance is designed to provide death benefits against premiums paid for a specified term period which can be anywhere between 1 to 30 years. Because it is temporary life insurance offered for a particular "term", it is called term life insurance. This type of insurance offers high death benefits at the most affordable premiums. It is most suitable for young families on a low-budget or for individuals who want temporary life insurance...more
Protect Your Nest Egg with Life Insurance If you have been withdrawing from your life savings to meet expenses, you're not alone. Real-life stores of people either losing more than 50 percent of their life savings in the 2007 economic crash or having to dip into their retirement investments to pay off bills and medical expenses are...more
Things to Consider When Cutting Your Insurance Expense Given the state of economy we are in, everybody today is trying to cut costs wherever possible. Reviewing your budget for unnecessary spending is a good place to start. When you are planning to cut your insurance expense, it is necessary that you pay careful attention to all its...more
Reasons to Convert Term Life Insurance to Permanent Life Insurance Term life insurance may make sense now, when funds are low and insurance needs are high. But this may not be the case a few years down the road. That's why when you purchase term life insurance you should make sure there is a convertibility option within your contract. A convertibility option allows you to convert your term life policy into a whole life policy within a stipulated time frame, without having to prove insurability. When your financial position becomes more stable, you may want to opt for whole life insurance that adds a savings component to your policy. Your premiums accrue interest while providing your family with life insurance coverage.Advantage of Whole Life InsuranceThe first question that comes to mind when considering conversion from a term life insurance policy to whole life is: Why would I trade in my inexpensive term life insurance policy for a more expensive whole life policy? You're not! Whole life has several advantages over term life insurance and there are good reasons why you should consider converting your term life insurance policy to whole or permanent life...more
Uses of Permanent Life Insurance in Estate Planning An estate is the total sum of all the assets you leave behind after you die. The distribution of these assets is usually pre-determined through a Will. If there is no Will the...more
Term Insurance Policy – The flexibility and choices abound The global recession taught us to avoid risky investment fads, that balloon up with hype and speculation before falling apart, since there is little else sustaining it. It...more
Should You Buy Guaranteed Issue Life Insurance? Life insurance companies know that older people are still out shopping for new policies. They have responded to this booming market by making products to suit older applicants.Older...more
Accident Forgiveness Included With Car Insurance Provides Peace of Mind Car accidents can happen anywhere and to anyone. Even experienced drivers with good driving records are at risk of an accident so it makes sense to make sure you...more
Motorcycle Insurance: Driving a motorcycle can put you at a greater risk of having accidents. There are also specific regulations regarding motorcycles that may vary from state to state. It is important that you make sure to find...more
SR22 Insurance Options The search for the best insurance policy can often be overwhelming for an individual as they are bombarded with policy types, rates, coverage options and state requirements. While all this information can be...more