Get the Best Deal on Your Mortgage Life Insurance To begin with, when you buy some property after several rounds of negotiations and bargaining what's the first thing you do? Get a mortgage to source the funding, of course. What happens when you can't pay off the mortgage? Your property is foreclosed and you forfeit the rights to your property. What happens if you die and your dependants are unable to pay off the mortgage? The same would...more
Traditional whole life insurance, also known as ordinary life or straight life, is a type of permanent (cash value) insurance that provides coverage for your entire life. This kind of policy is sometimes described as plain vanilla insurance. You pay a fixed amount, known as a level premium, each payment period (monthly, quarterly, semiannually, or annually), and a guaranteed death benefit goes to your beneficiary when you die. Your premium amount...more
When you're borrowing money to buy a car or applying for a credit card, it's likely that you'll be asked to purchase credit life insurance. Credit life insurance pays off the balance of your loan or line of credit upon your death. But is it a good deal?For most people, the answer is no. Although credit life insurance pays off your loan or line of credit balance when you die, it's usually better to purchase term life insurance. Here's why.Credit life insurance is usually much more expensive than term life insuranceIn some states, you'll pay less for credit life insurance than in others, because each state sets its own limits on the amount that insurers can charge. But credit life insurance will always cost more than an equivalent amount of term protection.Credit life insurance offers less protection to your loved ones than term life insuranceWhen you purchase credit life insurance, your aim is probably to protect your loved ones from the burden of the debt you are leaving behind. However, your family may have other, more pressing financial obligations at your death than the full repayment of that loan. When you buy credit life insurance, the named beneficiary of your credit life...more
How to Search for the very best Cheap Van Insurance UK What sort of Coverage do you need?Being a business proprietor, the primary items you need to do taking a look at van insurance can be to choose what sort of coverage you will really need for ones commercial automobiles. The following are a couple of types you have to think about, as well...more
Understanding the importance of life insurance is one thing. Understanding the tax rules is quite another. As insurance products have evolved and become more sophisticated, the line separating insurance vehicles from investment vehicles has grown blurry. To differentiate between the two, a mix of complex rules and exceptions now governs the...more
Condominium Association Insurance Our product offerings include programs that fill the unique requirements of commercial clients with single or multiple rental dwellings, especially Condominium Associations. Our professional Advisors will assist you in finding the right protection for your specific needs.Condominium Associations require unique Insurance Solutions that cover you for both Property and Liability risk of loss.Directors and officers can be exposed to being sued for various activities managing the association's business and therefore D&O coverage should be in place to protect these individuals.If your Condominium Association is an employer, for work such as grounds care or unit maintenance, then we can assist in setting up Employment Practices Liability, or insure it is properly included within your D&O policy.Our product offerings include programs that fill the unique requirements of commercial clients with single or multiple rental dwellings, especially Condominium Associations. Our professional Advisors will assist you in finding the right protection for your specific needs.Condominium Associations require unique Insurance Solutions that cover you for both...more
Why Do You Need To Get Big Rig Insurance? Trucks are considered the most dangerous vehicles on the highway. Expect a lot of expenses whenever a truck is involved in an accident. If you drive or own a truck, you might need to spend a fortune...more
The Many Benefits of Car Insurance The primary use of a car insurance policy is to provide protection to the car against losses incurred due to accidents or other unfortunate circumstances. Your best bet would be to opt for a fully...more
Commercial insurance is insurance for business. Insuring our business is a smart investment and will be a life saver at the time of uncertainties. Commercial insurance provides coverage for our business and makes it risk free. It is just like other...more
Unexpected occurrences can lead to financial loss for people when there is such casualty then people can resort to backpacker travel insurance. Ever since the 1600s, insurance companies started undertaking risksharing and modern enhancements were...more
Why Do I Need Insurance In South Africa? Insurance is a necessary precaution to protect yourself against a wide variety of unpredictable risks and considering the current state of affairs in South Africa, it pays to have insurance. Insurance...more
Be Wise About Buying Insurance Speak to Your Broker Reasons for insuranceI do not really agree with insurance companies who say that having insurance protects you or that it is a safeguarding of yourself your family and your assets. Let us be...more