According to a survey, more than half of all auto insurance applicants are giving false information in order to save a few bucks or lowering their premiums. Car insurance is expensive, this reason alone is the triggers why the applicants give false information. The false information usually about traffic tickets, accidents, the vehicle treatment or the drivers. If the applicants who give false information file a claim, insurance company will find out. Some insurance companies...

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People go to the gym for various purpose, but mostly they want to achieve body goal or simply want to be healthier. Other benefit from working out at gym is you can lower your insurance premiums. Actually, if you do not go to gym but doing exercise at home, jogging at park will work as well. Any kind of sports or exercises will do. The main purpose is a health benefit. Health is one of...

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Many people didn't realize that they purchase insurances with same kind of coverage. Most of them didn't read the policies thoroughly so they end up having similar coverage. This similar coverage can be eliminated to save more money for savings. Here is the example coverage that have similar type. By reading your existed policy thoroughly, you can avoid waste money for similar coverage. Individual and Group Life Insurance Purchasing life insurance means protection for the...

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People may think health insurance is not that important for them who have good health record. However, for others, having no health insurance is quite risky and medical bills can be burdensome. There are several reason why people opt to not covered in health insurance. The biggest reason is health insurance is not cheap. Insurance company acknowledge this, therefore they provide some alternative health coverage in certain area like prescription drug or hospital bills. You...

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Some people say this, the others say that. "Don't do that!" but the someone else says that's fine. It's kind of frustrating to understanding all the rule in car insurance, in addition there are tons buzz about car insurers. Make sure you read this. My car's color affect my premium The fact is insurance company do care about your car model and type, year, body, engine and how you take care your car. Well, they...

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Insurance is a quite easy target of scams. Many insurance company become fraud victims with total amount up to billions dollars per year. With this condition, they make a preventive step by increasing premiums to cover "fraud cost". Increasing premium is not ultimate solution to prevent scams. Therefore, they have fraud detection departments which is in charge for preventing fraud and calculate money paid out for false claims. False claim and excessive risk which is...

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Employers usually offer group term life insurance for their employee. The employers are required by law (while some state might not require) to provide a basic amount of life insurance in group without burdening their employees financial. They also offer their employee to purchase additional coverage for their spouse and/or children by reducing their salaries to pay the premium.  The amount in group life insurance coverage plan varies and differ depends on employee's position. Managerial...

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If you are a college fresh graduate, unemployed, self employed, retired and so on, you might need a private health insurance. The reasons are: As a college fresh graduate, you are already ineligible to be covered by your college's health insurance plan. You are also not qualify to be covered by your parents' policy anymore because your age.  As an employer, you may or not required to provide a health insurance plan, if not at...

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Health insurance is one of the most important insurance type a person should have. It is really important decision since it involves health issues and money saving, possibly. Enough said, these are things you should avoid when you are about to purchase health insurance. Give Too Much Attention to Premium And Deductible If you are planning to purchase health insurance, please pay attention to additional coverage and cost. Do not stuck on premium and deductible...

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Not everyone has health insurance, especially in the United States. Although the number of uninsured has dropped since the implementation of Affordable Care Act (ACA) which giving subsidies on healthcare plan, many Americans still choose not to apply or having healthcare plan. Many citizens are not qualified for healthcare subsidies, although many others are qualified, they opt to not participate in government healthcare plan. Moreover, some employers change their benefit program which cause financial difficulties...

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When your insured car is damaged from an accident, the insurance company will pay the car's value, in other words the will pay their own "estimated value". Although you are free to use the money, whether using it purchase a new one or paid the car's installment, most people find it frustrating that insurance company usually underestimate your car value. They often lower the car's value than you expected, moreover the amount is not enough...

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Whole life insurance is a type of permanent life insurance that includes insurance and investment component. Like the universal life insurance, the investment component in whole life insurance will be accumulated into cash value so the policyholder can borrow or withdraw it. The cash values are also tax-free. If the insured dies, the death benefit will be reduced by any outstanding loans. The premiums usually paid in single lump sum or monthly payment.  Whole life...

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Universal life insurance is a flexible permanent life insurance that offer low-cost protection of term-life insurance and savings element. The low-cost protection and the savings element are invested to provide a cash value. The policyholders can use the interest from their accumulated savings to pay premiums over time. The insurance company could change the customer's policy by reviewing the death benefit, savings component and premiums. Compare to whole life insurance, universal life insurance have more...

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Having insurance means having protection in our life, especially financial protection, since there are many unexpected things happen in life. Insurance has many type of policies, it would be difficult to choose what you really need. Before making a plan on your insurance, you should consider the factors around you, such as your family, age, health, lifestyle and so on. After that, you can search on the internet or asking a financial expert to get...

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Buying a life insurance policy is a good move. It means you are preparing for your family's financial state in case of a death in the future. Although it is a good decision, do not forget that you might make mistakes and ruin the life insurance you already bought as listed below. Postponing Life Insurance Purchase When you feel like you need a life insurance policy, you need to take action immediately. Since life insurance...

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Life insurance has many advantage for the policyholders, such as guaranteed cash value, tax deferred growth, tax-free death benefit, and tax-free access to the cash. Some people say that life insurance is not a good investment because its high premium and low cash return. The others say life insurance is a smart investment depends on their own goals. Life insurance could be use as a strategy to maximize your pension income. When you receive pension,...

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Basically people can purchase life insuring right after birth, I mean parents could buy life insurance for their newborn. Life insurance is age-banded, as year passes a policy becomes more expensive. The premiums between newborn and elderly will be completely different. The question is, "are the newborn babies already need life insurance?" For infant or minor, parents can purchase prepaid life insurance policy with lump sum, so when the child turns 18 policy ownership can...

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In many cases in the United States, homeowners are forced to carry property insurance by law or mortgage contract. Some U.S state laws require their citizens to carry property insurance and some form of liability insurance especially for cars. Let's say you own a house without carrying insurance. You pay your property taxes, so you have every right to use that house for as long as you like. You can rent it out, leave it...

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Black box insurance, also known as Telematics Insurance, is an insurance program that offers premiums based on driving behavior instead of historical performance. Insurance companies use telematics technology to create black box by fusing data from telecommunications and informatics applied in wireless devices like cell phones and GPS. Financial industry always try to create new ways for its customers to access financial products at minimal cost possible and the rise of technology give the opportunity....

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The basic of auto insurance is auto insurance company make money when the insured don't involved in accidents and/or don't file claims, but if the opposite happens, they will lose money. Therefore, auto insurance company have to calculate and predict driver risk factor accurately. The insurers will charge you raised premium to avoid increased payout. New Car New car is an asset which worth more money than older model, so it will cost more to...

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Most people tend to purchase several types of insurance at different insurance company. For example, I bought life insurance from company A, car insurance from company B and homeowners insurance from carrier C. The reason is price. Insurance companies give different quote and after comparing, I end up buying several insurances from different carriers. Paying bills to separate insurance carriers every month is exhausting and complicated. If the premiums combined, I possibly have higher premiums...

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There are many ways to lower your car insurance premiums, such as taking defensive driving class or daytime driving lights. In fact, there are several simple tricks to get discount for your premium. 1. Check insurance rates before buying a new car Insurance rates are depending on the car type. The more expensive the vehicles, the higher the annual premiums. If you are planning to buy a new car, you should check the insurance rates...

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When you rent a car, you will be offered additional coverage by the rental car company. It may be their last attempt to get more money from you. They may or not offer real rental car insurance. If you rent a car frequently, you already know how to say no. But if you rent a car for the first time, you better knowing what kind of coverage which they offer. It May Not Be an...

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Travel insurance premiums are based on type of the coverage, age, and trip's cost, about 5% up to 7% of the cost. Destination, safety and weather (prone area) also affect the premium cost. Before deciding on buying travel insurance, it will better if you check out the reputation of the company you want to purchase from. This action is necessary to avoid overpriced policies. You can check on the U.S Travel Insurance Association to get...

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If you book online airplane ticket or planning a trip with online travel, you often find travel insurance term. What is travel insurance and what is the benefit we get from travel insurance? Travel insurance is an insurance product that cover losses from unexpected events during travel. Travel insurance often added as additional service and apply for both domestic and abroad travel. Travel insurance policies cover damage to personal property, rented equipment (rental cars, etc.)...

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One of most common types in automobile insurance is third-party automobile insurance. Third-party insurance is a policy that protects the policyholder against actions (damages claim) of another party, typically by a-not-insured driver. The driver who cause the damages is the third party. To be specific, the first party is insured, the second party is the insurer and the third party is someone who will probably claim. The first party is responsible for its own damages...

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Buying health insurance can be very complicated and confusing since there are many type of health insurance offered by insurance companies. Especially when you have always been covered under your parents' health plan, spouse's health plan, or workplace. These little tips might help you before purchasing your own health insurance. 1. Checking insurance plans with your insurance provider Each person must have their preferred primary care physician or specialist, so the first thing you have...

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