Over the next several months, we will be identifying various factors (called underwriting factors) that may have an impact on your life insurance costs. This month's article will focus on how your weight (or build), blood pressure and cholesterol can affect your costs. Check back in future months to see how things such as asthma, alcohol and extreme sports can increase the amount of money you pay for life insurance.
Over the next few months, we will be identifying various factors (called underwriting factors) that may have an impact on your life insurance costs. This month's article will focus on how asthma and other breathing disorders can impact your rates. Check back in future months to see how other underwriting factors can affect your life insurance costs.
Over the past couple of months, we have been identifying various factors that may have an impact on your life insurance costs. This month's article will focus on how alcohol can impact your costs. Check back next month for the final segment in this series.
1. Be informed about your policy
Know what your insurance deductible is so you're prepared for any out-of-pocket expenses you may incur. Find out if your insurance policy covers common expenses, such as fees to rent a car while your vehicle is being repaired and towing charges.
We all know that there are many factors that can affect your auto insurance costs.
Homeowners insurance rates vary by hundreds of dollars from company to company. Fortunately the Internet has made comparing multiple homeowners quotes as easy and non-committing as finding car insurance. As you review your homeowners insurance and compare quotes, use the five following tips fully take advantage of your potential savings.
1. Raise Your Homeowners Deductible: Save up to 25%
The lowest hanging fruit for homeowners insurance savings may be to increase your deductible...
Your life insurance premium depends on quite a few variables, only some of which you can control. You can't change your age or your health history, for example, but you have power over whether you smoke, carry a lot of extra weight on your body or engage in high-risk activities like scuba diving or rock climbing. There are several areas where you have the ability to influence your policy and its premium.
It may seem simple - choose those closest to you, right? There's actually a little more to it than that. And since few things are more important than providing for your loved ones' security and comfort, you want to get everything just right - not to mention avoid giving Uncle Sam more than you have to.
Know your options
In 2005, there were approximately 6,420,000 reported auto accidents. Chances are you might have been involved in an accident or know someone who was. But of those who have been in an auto accident, how many of us knew offhand the correct steps to follow in this situation? Many auto insurance consumers may not know the quickest and easiest route to filing a claim with your insurance company.
Graduation is just around the corner for millions of college students, and for many, that means it's time to leave the carefree college life and get ready to enter the real world. But are you prepared for what will happen once the cap and gown come off?
Non-profit sites like the Coalition Against Insurance Fraud (CAIF) report that auto insurance fraud costs a staggering $12.3 billion or more a year. The worst part is that this cost is passed along to consumers, most of whom would never consider committing insurance fraud themselves. Instead, they find themselves paying up to hundreds more annually on their premiums.
Most people buy life insurance to replace income that would be lost if a wage earner passed away. Life insurance proceeds are tax-free, so it can also play a role in estate planning, cash accumulation, retirement funding, and the transfer of wealth to beneficiaries.
Another InsWeb article discusses what to do if the unfortunate happens, and you must file a claim to collect on a recently expired loved one's life insurance policy. But what if someone didn't pass away, but instead was diagnosed with a terminal illness? Are there options for early payouts on life insurance in this case? This article will examine what to do if you need to collect early on a policy.
It's hard to think about our own mortality, but at some point (hopefully well into our golden years) we will all expire. It is important that both you and your loved ones know how to plan for this when it comes to your life insurance policy, and how to file a claim when the time comes.
Just like all other age groups, seniors have their own unique life insurance and financial planning needs. Below are some of the reasons it's important for seniors to carry adequate life insurance.