Archive for August, 2008
Sunday, August 31st, 2008
You may well be thinking, Gee –I sure need a lot more insurance that I have now! Well, maybe, you do. And maybe you don’t. According to the National Insurance Consumer Organization (NICO), a nonprofit group, fully 10% of the $180 billion or so that Americans spend ...
Posted in Insurance, Uncategorized | 4 Comments »
Thursday, August 28th, 2008
Follow these suggestions to help save money on your life insurance premiums:
1. Get healthier. Quitting smoking can cut your life premium in half; losing excess weight can save almost as much.
2. Call a price comparison-shopping service or use one on-line. Several companies exist that will report the lowest rate available ...
Posted in Insurance, Uncategorized | 1 Comment »
Tuesday, August 26th, 2008
There are many different types of cash-value policies. Among the most common are whole life, universal life, and variable life policies. Here’s how they differ:
• A whole life policy, the traditional form of cash-value insurance, invests mostly in bonds and earns a fixed, modest rate of return.
• Universal life policies ...
Posted in Insurance, Uncategorized | No Comments »
Sunday, August 24th, 2008
To decide which kind of life insurance policy is best for you, the first thing to understand is the difference between the two major types: term insurance and cash-value insurance.
Term insurance is pure insurance: your premium payments go toward the guaranteed death benefit for your survivors. Well, almost exclusively. A ...
Posted in Uncategorized | 2 Comments »
Friday, August 22nd, 2008
This worksheet can help you estimate the size of the minimum death benefit you need.
Add up the following:
1. Your family’s annual living expenses for the number of years you want coverage (remember that these will rise with inflation)
2. Any extras that are important to you, such as the inflation-adjusted cost ...
Posted in Insurance, Uncategorized | 2 Comments »
Thursday, August 21st, 2008
Amazing but true: buying life insurance is one of the most important moves you can make to solidify your personal finances, yet it is also one of the most complicated. It’s extremely difficult to compare life insurance policies. On top of that, life insurance has its own jargon that is ...
Posted in Insurance, Uncategorized | No Comments »
Wednesday, August 20th, 2008
If you own a car or a home, of course, your homeowners and auto policies provide some liability coverage –typically $100,000 to $300,000 for your homeowners policy and about $50,000 for your auto policy. (Renters insurance policies provide some liability coverage, too.) But if you can afford it, you ought ...
Posted in Insurance, Uncategorized | 1 Comment »
Saturday, August 16th, 2008
There are factors that might help you get discounts when buying car insurance. The main idea is be sure to ask for any and all discounts you might be entitled to receive. The discounts might save you 5% to 25% of your premiums. Get the conversation started by ...
Posted in Insurance | 2 Comments »
Friday, August 15th, 2008
This is a continuation of previous post regarding buying auto insurance.
• Collision and comprehensive coverage. If you carry collision coverage, your insurer will pay for the repairs to your car in the wake of a smash-up. Comprehensive coverage takes care of damages from fire, storm, vandalism, or theft. ...
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Thursday, August 14th, 2008
Almost three years ago, my car a Honda City 2003 model collided against a bus. Good thing I was not hurt badly during the accident, but my second hand car was a mess. Not anticipating that I would encounter such problem, I didn't buy any insurance. Here in the Philippines, ...
Posted in Insurance | 2 Comments »
