- The Benefits of Life Insurance
Many people never think about taking out life insurance, as most people don’t like to think that they might suffer an untimely death. But the reality is that life us unpredictable, and if you do die prematurely, how will your family cope financially?
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- What is Term Life Insurance & How Does it Work?
Many people opt for term life insurance rather than whole life, or permanent, insurance for many different reasons. Term life insurance is also commonly referred to as term assurance, and is the original form of life insurance developed. Term life insurance actually builds no cash value over time, so it is not considered to be a relevant investment for retirement purposes or financial planning. Term life insurance actually provides coverage for a limited amount of time, which is the relevant term.
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- Ways to Reduce Your Business Insurance Costs
Depending on the number of policies and coverage limits that your small business has, you may find that insurance premiums are taking a pretty healthy bite out of your operating budget. Insurance premiums vary and often depend on a wide variety of factors. However, your business’ insurance itself is based on the type of risks that you face. So, in order to reduce your insurance costs, your organization must take the necessary steps to reduce risks.
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- Should I Switch Auto Insurance Companies for a Better Rate?
You've probably heard all of the commercials that claim that you can switch to various auto insurance companies and be able to save a lot of money. You want to be sure that you understand what switching your auto insurance entails before you actually do it.
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- Annuities FAQ
When it comes to investing and your future, there are plenty of questions that you probably have, and there should be. Investing in your future and your retirement is a very important decision and should never be taken lightly. There are many different ways to save for the future, plan for retirement, and make investments to make like a little easier, however choosing between which investment method is best for you can be quite confusing and stressful.
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- What Is a Fixed Annuity?
A fixed annuity is the most common type of annuity. Basically, you give an insurance company a lump sum of money (either saved over a period of time or in one lump sum) and in exchange, the insurance company pays you a fixed income each month for a specific period of time. If you are doing a single premium immediate annuity (one lump sum payment of funds to the insurance company) the payments begin right away.
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- Who Should Insure Their Hobby Equipment?
Do you need insurance for your crafting and hobby equipment? Many of us have invested significant amounts of money in the pursuit of our leisure time activities. Unlike those who collect things for fun – stamps, coins and other valuables – hobbyists, crafters and sports enthusiasts seldom think of their equipment in monetary terms, but they should. Think about your favorite activities and the things you own to help you enjoy them. If they were lost or damaged in a fire or flood, could you replace them easily?
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- How to Be an Insurer’s Ideal Driver
Auto insurance premiums can take up a hefty chunk of your monthly budget, but there are ways to reduce the amount you pay for auto insurance coverage. Here are seven tips to help you get your auto insurance company’s cheapest premium rates.
1. Follow the rules of the road.
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- Learning what auto insurance is required by law
It’s a widely-known fact that if you drive without auto insurance then you can be facing severe penalties if you are pulled over. You might receive points against your driving record, large fines, and possibly even may face some jail time. Just as the penalties for uninsured or underinsured driving vary from one state to another, the amount and type of insurance that is required by law can be quite different as well.
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- Getting Long Term Care Insurance For Your Loved Ones
Many times, a person or couple will buy long term care insurance as they start to get to an older age, so that they will be able to use it if they ever need to go into a long term care facility. However, sometimes this is something that doesn't get done in time ,and sometimes a person who is younger needs to go into a long term care insurance facility – because of an illness or an injury – and does not have long term care insurance. In both of these situations, it might be up to the loved ones to purchase long term care insurance for them.
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- Variable Annuities: Fees and Charges
Investing in a variable annuity will incur certain charges. Understanding these is important, because each of them will reduce the value of your annuity account.
To find out exact details about the types of fees and charges you’ll incur as the owner of a variable annuity, you can check the prospectus for any annuity you’re interested in. Depending on your specific annuity the charges might include the following:
Surrender Charges
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- Key Person Life Insurance
When you own or operate a business, it's important to consider what it would do to your company if one of the partners, owners, or top executives was no longer around. No one wants to go into a new business venture thinking that one of the company's leaders might not survive to build and guide the company into the foreseeable future. However, it’s a fact that no one lives forever.
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- Do You Need Supplemental Health Insurance?
If you had an accident and were hospitalized tomorrow, could you cover all the deductibles, co-pays and lost income out of pocket without strain? Chances are that even if you have excellent health insurance, an unexpected hospitalization or medical emergency could hit you hard in the pocketbook. Supplemental health insurance can help cover the gaps that your standard health insurance policy leaves open, as well as provide cash for living expenses and replace lost wages.
How is supplemental health insurance different than standard health insurance?
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- Insuring Your Home Business Equipment
The internet has made it easier than ever for people to work from home, either in their own home-based businesses or as an employee working off-premises in a telecommuting position. While this is a good thing for most home business owners, it also opens the typical home business owner to losses they don’t expect. If you use a computer, specialized business equipment, tools for your business or even a fax machine, you may be in for an unpleasant surprise if they are lost, stolen or damaged.
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- The Best of the Retirement Annuities
Like everything that deals with money and savings, the best annuities that you can choose for retirement should be started early and built upon as much and as often as possible. That’s a given and the part that most of us know about. However, the accumulat
