Life Insurance

Life Insurance - The rates used in determining your insurance premium are affected by your history of claims and traffic violations for up to three years. Drivers with more accident/ticket records will have higher insurance premiums. Your Age, Sex and Marital Status. Image by Google.com Statistics show that the frequency of accidents is higher for males than females. Teenagers have more accidents than adults and single people have more accidents than married people. High accident frequencies mean higher premiums. Your Residential Location Congested areas such as cities, have heavier traffic and more thefts and vandalism. Consequently, these areas pay higher insurance premium s than rural areas. Type of Vehicle and Vehicle Use Some vehicles cost more to repair than others do and therefore cost more to insure. Higher premiums are also the result of vehicle usage, such as business use and vehicle performance, such as turbo or other high performance engines. One of biggest factors affect...

Life Insurance -  Aspect Insurance Claim Check .  Rising medical costs are contributing to the increases in bodily injury liability claim costs. In general, medical costs have been rising at a 6% rate. On the other hand, advances in medical  insurance technology and improved rescue and life saving techniques result in fewer deaths, but this also drives up the cost of medical care. Image By : Google.com It costs more to fix cars nowadays, and that means higher insurance  claim costs. As cars have become more sophisticated through advancements like air bags, fuel injection, unibody construction and on-board computers, they also have become more expensive to repair in the event of an accident. Theft & Fraud Motor vehicle theft is the fastest growing crime in the nation. Fraud, a more sophisticated form of theft, is a major problem for insurers. According to the National Insurance Crime Bureau, fraud costs property and casualty insurance companies more than $20 ...

Life insurance is an important form of coverage . While life insurance policy vary depending on the type of life policy and its coverage benefits, most life insurance policies are set up so that in the event of a person’s death, a sum of money is paid to the chosen beneficiary. Individuals, corporations, friends, and relatives may all be policy holders, and beneficiaries can use the money for whatever they need—paying off debts, covering funeral expenses, or supplementing their own income. Image By : Google.com Insurance companies depend on the money they receive from people buying policies and paying their premiums to cover the cost of all of their claims over time. Hence why the costs of life insurance vary, depending on the policy holder’s age, gender, and other lifestyle choices—insurance companies use this information to estimate their claim totals each year. Types of Life Insurance The two most common types of life insurance are term life insurance and whole life insurance....

Life Insurance - Fundamentally, insurers only have two decisions to make about a piece of business : whether to underwrite it—since some risks are not worth taking—and how much premium to charge if they do. Image by : Google.com Insurance Basics : The Insurer's Point of View What premium should an insurer charge for a new product? The answer involves no rocket science: no one knows!You accumulate as much data as you can, and then you make what engineers refer to as a SWAG: a Sophisticated Wild-A**ed Guess. If you don't think you can guess accurately enough, then you don't underwrite the new product. Since many "new" products are actually new versions of existing products; old product loss data can help, to some degree, to refine the accuracy of your initial guess. Even so, past performance does not necessarily predict the future very well, and in the insurance case of truly new products, you're on your own. For a new product, then, the first factor to consi...

Life Insurance -  Be Sure To Keep Your Insurance Coverage Paid Up To Date .  Each year you should shop for the best coverage at the best price. You should contact any licensed agent or broker in the state of Maryland and compare quotes with another to make certain that the terms, conditions, limits, deductibles, etc. are the same.  Image by : Google.com Rates and coverage can change.When your auto insurance cancels, the insurance company is required to notify the Motor Vehicle Administration of the insurance termination date. You will be asked to get a FR-19 insurance certification form from each insurance company that has provided liability insurance prior to the termination date. You can obtain a FR-19 from your agent or your insurance company. To protect yourself in the event you are involved in an accident with an uninsured illegal driver, be sure to keep your insurance coverage paid up to date. With uninsured motorist coverage, you will be paid for damages ju...

Life Insurance -  Pemco Insurance Reviews .  One of the greatest assets PEMCO auto insurance has is the company’s intimate knowledge of the Washington car insurance market and their agents are well known for going that extra mile to help clients find car insurance coverage specifically tailored to their needsIn comparison to larger car insurance companies PEMCO also offers many of the same car insurance discounts as any national provider would. Some of PEMCO car insurance discounts include: Image by : Google.com Auto Plus Discount – This is a multi-policy discounts PEMCO offers which carries up to a 9% discount on car insurance premiums simply by insuring both your car and home with PEMCO New Customer Discount – If you are a new customer of PEMCO the company may award you with a discount as long as you have a three year good driving record Safe Driver Discount – For both new customers and existing customers, annual discounts are applied for every year you avoid an accid...

Life Insurance - Term life insurance is one of the simpler forms of life insurance , but it is a key component of your overall financial plan. It is important to keep in mind that term life insurance is not a substitute for retirement planning—it has no savings or investment component. Similar to auto insurance, term life insurance provides coverage only for a specified period of time and then expires. Image by : Google.com Individuals considering a term life insurance policy can either choose a yearly renewable term life insurance policy or a level term life insurance policy . With a yearly renewable term life insurance policy, the premium changes each time the policy holder renews the policy. A level term life insurance policy has a set premium for some specified period of time. Term life insurance offers policy holders more flexibility in managing their financial obligations over time. Individuals with significant financial obligations, such as paying a mortgage or covering the ...

Life Insurance - If you qualify for New Jersey Manufacturers auto insurance , reviews say it's a great choice. Its customers give it nearly perfect scores in two major surveys, Policyholders say it offers great prices and policy offerings, and they almost never have problems with this insurer.  image by google.com It has also maintained high financial-strength ratings for the better part of a century. However, customers are more likely to find that claims take more than two weeks to resolve with New Jersey Manufacturers than with other auto insurers. This insurer accepts only certain clients, including employees of the state of New Jersey and members of the New Jersey Business and Industry Association. If you don't fall within this narrow group, reviews say USAA (for military families) and Amica Mutual are the two best auto insurers to try. ConsumerReports.org and J.D. Power and Associates both rate New Jersey Manufacturers alongside other auto insurers, based on surveys of t...

Life Insurance - If working as a subcontractor, your customer may require you to have Owners and Contractors Protective Liability (OCP) coverage. This protects either a property/business owner or a general contractor from possible liability insurance arising from the negligent acts of an independent contractor or subcontractor hired to perform work on behalf of the insured.  image by : google.com The actual purchaser of the policy is the independent contractor or subcontractor, but the insurance protection is for the benefit of the property/business owner or general contractor for whom the work is being done. BUSINESS VEHICLE INSURANCE Your personal auto insurance policy probably provides coverage for some business insurance  use of your truck, van or other vehicle. A personal auto policy is unlikely to provide coverage, however, if the vehicle in question is used primarily in business.  It will not provide coverage for any vehicle owned by a business. For those vehi...

Life Insurance - An office is the primary or only premises for numerous types of small businesses insurance , including, for example, employment, travel, collection, insurance, advertising and other agencies. Electronic equipment and data are vital to the operations of most such businesses. They also have the risk of lawsuits from disgruntled clients or customers. image by google.com For many office-based businesses, the most cost effective and efficient way to obtain property and liability coverage is with a Businessowners Policy (BOP) especially tailored to business offices and, in many cases, offices for a specific industry.  Though marketed under a variety of names, these policies typically have provisions similar to the property insurance and liability insurance sections of the BOP, with the option to add various other coverages that you may need. PROPERTY INSURANCE The BOP covers real estate and other property your business owns. If your business rents or leases its premise...

Life Insurance - Courier Service Insurance is a specialty insurance product that will cover an individual or a small business delivering materials or products for a fee. If you are self employed, delivering newspapers or mail on a rural route, for example, it's likely that you'll need Courier Insurance . Image by : Google.com While you probably already have an auto insurance policy on the car you drive for deliveries, most auto insurance policies exclude coverage for delivery services. A policy specifically designed to cover your courier service business will ensure that you're not personally liable if the materials you're delivering are damaged or stolen. Even couriers who are under contract to one company should check with their employer about the amount and type of coverage they need. Your employer might provide Cargo coverage for the packages you're delivering, but could still require you to carry higher limits of liability on your car or truck. A larger com...

Life Insurance - The U.S. Travel Association is predicting a 2.3% uptick in 2010 summer vacation travel. In you’re one of the 51% of Americans who will be taking a summer vacation, you’re probably also among the 80% of will be looking for ways to pinch a few pennies in the process.  google.com If your vacation plans include renting a car, you may be tempted to waive the CDW/LDW (collision and loss damage waiver)  the rental car insurance company rep is hammering you to buy. While that can be a smart way to keep 20 to 30 bucks day in your pocket, make sure you’re not being penny wise and mega-pound foolish. Don’t just assume that your personal car insurance policy will protect you. Read the fine print and be aware of these facts about personal car insurance and rental cars. Personal automobile insurance policies are regulated by individual states and vary from carrier to carrier. While personal car insurance policies can extend damage protection to rental cars, they typic...

Life Insurance - An office is the primary or only premises for numerous types of small businesses, including, for example, employment, travel, collection , insurance, advertising and other agencies. Electronic equipment and data are vital to the operations of most such businesses insurance . They also have the risk of lawsuits from disgruntled clients or customers. Image by : google.com For many office-based businesses, the most cost effective and efficient way to obtain property and liability coverage is with a Businessowners Policy (BOP) especially tailored to business offices and, in many cases, offices for a specific industry. Though marketed under a variety of names, these policies typically have provisions similar to the property insurance and liability insurance sections of the BOP, with the option to add various other coverages that you may need. PROPERTY INSURANCE The BOP includes as part of the basic policy two types of coverage related to electronic data. Computer Operatio...

Life Insurance - As millions of Americans tighten their belts, they’re focusing new attention on an often overlooked place to save: car insurance . A recent torrent of TV ads promote just about every imaginable form of discount car insurance under the sun. And a good insurance agent often can help you save even more cash.You may be in a hurry to get a rate quote. But Jerry Becerra, founder of Barbary Insurance B Before considering such a move, know the value of your car, which you can get through sources like NADA Guides. If your car is damaged or stolen, your insurer will only cover you up to the "actual cash value" of your vehicle. Weigh the value of your car against the costs of carrying collision and comprehensive coverage. On the other hand, Carrasquillo says you should never skimp on liability coverage, regardless of your vehicle's age, because you could be on the hook for hundreds of thousands of dollars if you cause a serious accident. Raise your deductibles I...

Life Insurance - Many insurance companies have a mixed reputation, but one company that continues to satisfy its customers is USAA Insurance , an insurance company that offers various types of insurance , including auto, life, and home. USAA Insurance also offers banking and credit cards, making it one of the most well- rounded financial service providers. Reviewers praise USAA Insurance and Banking, with such flattering statements as: “I Wouldn’t Trust Anyone Else”, and “Excellence in Service, Coverage, and Policy Holder Support”. The customer service and online access are excellent, and reviewers appreciate the fact that USAA Insurance doesn’t push members to buy additional services they don’t need. USAA Insurance is limited to families or individuals with a military connection, so not everyone can buy USAA Insurance services. But those who qualify consider USAA Insurance one of the best Insurance Companies in the USA. Many people think of USAA as just an insurance company bu...