A report released earlier this month detailed how many American consumers do not get quotations for life insurance because they are afraid that they will probably fail the medical exam which is usually required by insurance providers before a policy will be issued.
New statistics suggest that consumers are taking advantage of Private Mortgage Insurance to help them purchase better quality housing without putting down large sums of money.
Setting up some sort of disability insurance is the first step in ensuring you are covered in case of an unexpected accident, but recent studies suggest it might not be enough.
Owning a house is a big responsibility. However, most of us dream about the perfect house. We dream about gorgeous furniture, deep, plush carpet or glossy hard wood floors, huge windows and, perhaps, a dazzling staircase.
Life insurance is an essential part of financial planning. One reason most people buy life insurance is to replace income that would be lost with the death of a wage earner. The cash provided by life insurance also can help ensure that your dependents are not burdened with significant debt when you die.
Variable universal life insurance policies provide permanent life insurance coverage and any cash value accumulates on a tax-deferred basis. The death benefit and cash value depend on the investment performance of one or more separate accounts, which may be invested in mutual funds or other investments allowed under the policy.
Universal life is like term life insurance with an investment attached. It is a kind of flexible policy that lets you vary your premium payments and/or adjust the face amount of your coverage.
Variable or adjustable life insurance refers to a policy where death benefits & cash values are variable - your death benefits and premiums vary according to your investment's performance. The accumulated cash value is directed to your choice of investment accounts.
Whole life insurance features a level premium and level death benefit to age 100 with an accumulating cash value that increases over time until it equals the set death benefit. Whole Life covers you for as long as you live, if the premiums are paid.
Endowment policies are payable at the death of the insured or on a specified maturity date if the insured is alive. Premiums generally are payable from the date of issue until the date of maturity but may be limited to fewer years or even to a single lump-sum payment.
Term life insurance provides coverage for a specified period of time - the term of the policy (typically ranging from five to thirty years). After this time, it is possible to renew your policy with the premium adjusted for your health and age at the time you renew.
Here are some factors to consider when purchasing home insurance. All of these factors can and will have an influence on the price you pay for home insurance.
The Condition of the Home: Insurers factor in general wear and tear on your home when setting a premium. They will inspect such things as the condition of the roof, porches, decks, and the integrity of the home's wiring system.