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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Many said that being insurance agent means large paycheck. Well, it's not entirely true but hard-working insurance agent can earn more than $100,000 in their first year of sales. However, become an insurance agent does not mean 100% of success. Being rejected, ignored and obscenities are something they're familiar with. Among many kinds of insurance, from auto insurance to health insurance), selling life insurance provide the best bonus for agent. Life insurance company typically gives...

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Comprehensive insurance cover your car from physical damage caused by anything except collision, such as natural disaster, animal, vandalism, theft , and so on. In this case, Jessica Wilkinson lives in a suburban in state "C" where natural disasters like tornado and hail often occur. She has a car that often used for work. However, she doesn't have any insurance for her car. Wilkinson think she won't need any automobile insurance like liability insurance, collision...

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In Health Insurance Laura Bailey has a plan to buy health insurance. She surveys several health insurance companies and compare the insurance's quotes. She is interested in buying health insurance with co-insurance terms. Later, Bailey choose health insurance company "C" and settle 80/20 split in co-insurance agreement. Beside 80/20 split, Bailey has a $1,000 deductible and a $5,000 out-of-pocket maximum in her co-insurance provision. Bailey need to understand that 80/20 term only apply after she...

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