Posts tagged ‘insurance’

Life Insurance For High-Risk Individuals

If you are a person who is considered high-risk or have suffered from a medical condition that regular companies feel is uninsurable, you can try to look for a life insurance company that specializes in this. This may also be the case if you are working in a hazardous job. It is quite a challenging task to find life insurance for people who are suffering from heart problems, cancer, or diabetes. The same is true if you are an enthusiast of dangerous hobbies like mountain climbing, car racing, and scuba diving. If you do find a life insurance package, the chances are that it will be really costly.

It costs a lot more to get life insurance for people like the ones mentioned above because you have a higher chance of dying suddenly than others your age. Regular life insurance companies will find you uninsurable. But high-risk life insurance companies will instead consider what makes you uninsurable to some and will simply factor that into the cost of the annual premiums that you pay. You can pay these on an annual or semi-annual term. But you can also choose to pay monthly so that the amount is lower. Such a policy is sometimes called a guaranteed issue life insurance policy.

Regular life insurance companies do not insure those with serious diseases or dangerous jobs and hobbies because the numbers show that people like these die a lot sooner than those who are at the same age. The insurance company would have to pay the beneficiaries a lot sooner than they would have to for a low-risk client. The life insurance companies are there to make a profit. They might show warm commercials to get your business but they would rather take the money than pay it to your survivors. So if you are sick and participating in hazardous activities, you are in a bigger danger than most people. That is why the cost of your life insurance will be a lot more than others will pay.

Some of the high-risk life insurance companies focus on providing insurance to the uninsurable. They are a rare find and they use this to their advantage. Their prices are also a lot more reasonable. Some of these companies are Guarantee Trust Life Company, Mutual of Omaha, and CAN. They will provide guaranteed acceptance life insurance to people that others will turn away. But of course you should expect the price to be a lot more than the regular kind.

A Few Notes On Car Insurance

Nowadays simply purchasing a car isn't the end of your travel problems anymore. With governments further tightening the noose on those without car insurance it has become an urgent necessity to be insured. Car insurance is when you pay monthly premiums to an insurance company that will reimburse you in the event of a car accident. Considering the purpose behind car insurance it is evident that it is important to have it. We will look at the different aspects of car insurance in this article.

Choosing the right car insurance company is the first and most important step. An informed choice will give you peace of mind as you will be faced with very few problems. The right choice is important because there are some insurance companies that backtrack on their promises and leave you stranded. Do your thorough investigations on the internet where you will be able to compare premiums under companies whose sole business is the compare insurance quotes. It is also advisable to consult with friends and family that already have proven experience with car insurance.

The next step would be to try to reduce the amount of monthly premiums that you pay. Monthly premiums can be reduced by buying a simple car with an engine smaller than most other cars. If you can also combine that with a good efficiency ratio you might see yourself paying less. In these times of global warming i would suggest you buy a car that emits fewer greenhouse gases.

Another way to cut down on your monthly premiums is reducing the risks of theft and accidents. What happens with insurance is that if the risk of theft or damage is high so will the premiums be. Having an advanced alarm system on your car will reduce the risk of theft, and ultimately the amount of premiums you pay. What else you can do is install a tracker on your vehicle so that it can be located in the event of it being stolen.

Once you have your car i would advice that you respect the law. If ever you break the law on the road this will definitely reflect on your traffic offense record. Now, the dirtier your traffic offence record the more insurance you will have to pay. Speeding tickets; arrests for drunken and reckless driving and not paying traffic fines will dirten your record. Offences like these are proof that there is a greater risk of an accident occurring; the greater the risk, the more the premium.

Buying a car and insuring it is half the job done. Your car will have to be kept in good condition if you're thinking of keeping your premiums low. Change the oil when you have to and take your car for servicing. If you service your car be sure to keep the receipts and submit them to your insurer. This will be a good reflection of a very careful driver, something that will reduce your premiums significantly.

Believe it or not but it's an offence to travel without car insurance. Drivers that travel without car insurance are more than likely to face prosecution if they don't travel with insurance. The main reason is that third parties who incur harm as a result of your driving aren't protected if you don't have 3rd party insurance. And inevitably this will impact on the amount of premium you pay.

There is 3rd party only car insurance that covers harm and damage made to people other than yourself. This form of cover is good to have as you won't have to fork out money in the event of an accident that is your fault. You can have this form of cover in addition to your car insurance cover.

Lastly, your choice of an affordable automobile insurance company is important as there are unscrupulous companies that have a bad record of malperformance. Consult with close friends so that you get the best out there. But remember that the most expensive isn't always the best.

Deciding On The Best Burial Insurance

Its no secret that we are in the midst of a very bad  recession (possibly even a depression). Families are losing thier homes, their savings, and their dignity. With so many people out  of work, extra cash is become more and more rare everyday. As the old addage goes, the only two things in life that are certian are death and taxes. Now while we won't talk about taxes, we will talk about passing on.

Funeral costs continue to rise, averaging about $4,000-$5,000. There is a real need to look into getting the best burial insurance for your needs. You need to decide on everything from grave markers, to caskets, to flowers, and even grave liner. So please plan ahead and take care of this while you still have time. You don't want to leave your family trying to deal with all of this while they are thinknig about their loss.

Insuring Your High Performance Car

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Creative Commons License photo credit: ragnar1984

If you have a classic or high performance car, you want to make sure you are protecting your investment as well as you can.  Insurance is one part of doing this.  Getting high performance car insurance doesn't need to be hard.  In fact, it is fairly straightforward.  For those with cars that are hard to price, you will want to check into "agreed value" insurance policies.  These policies will pay out a pre-agreed upon amount in the event of a claim, with no depreciation (unless agreed upon ahead of time).  This is excellent news for those with classic cars that might not get valued properly by normal insurance policies.  Another option is to go with the stated value policy, but this will leave you open to depreciation when you make a claim.  Caveat emptor.

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