Lower Your Car Insurance Premium By Following A Few Tips

Saving money on car insurance premiums would seem to be ideal in these hard times. Competition has affected the auto insurance market too and the insurance companies are offering ways to make your insurance cheaper to stay ahead. Make the most of it along with making a few marked changes so that you do not end up paying high premiums.

Look around for good insurance quotes: All companies do not charge the same premiums so it would be a good idea to shop around and find companies offering you insurance at lower premiums by way of discounts and after estimating your risk factors. Browse online too and look for good discounts being offered.

A Driver’s Education Course would help: This course is usually a day long and costs about $100. This course will actually teach you how to lower your car insurance premiums. The money you pay for the course will be substantiated in a big way by the huge savings you will make.

Safety features lower premiums: Adding safety features to your existing vehicle will also ensure that premiums are less. Features like good anti-lock brakes, electronic seat belts and air bags on either side would be considered to be safety features by the insurance company and they will reduce the premiums charged. This is a ‘win-win’ situation as adding these will mean more safety for you in case of an accident.

Increase your credit course: Your car insurance premiums are based on your credit ratings. When you increase your credit rating make sure to let your insurance provider know and negotiate a lower rate based on this.

Make your car burglar-proof: If you add anti-theft devices like an alarm, or others that can make your car more secure, insurance companies will consider giving you lower rates. So, you pay less plus make your car more secure.

Fuel efficient cars save on insurance: Cars that are fuel efficient or hybrid are environment friendly and hence cost less when it comes to car insurance premiums. This will also save your monthly expenditure on fuel.

Club all insurance amounts: If you own other vehicles, another car, two-wheeler, homeowners, renters or life insurance, calculate your savings if you purchase insurance from the same company. Chances are they will give you a good deal.

Avoid buying fancy cars or sports cars: If you want to slash the payment made for car insurance, then avoid buying flashy models or sports models. These car models are attached to high insurance premiums that go well above the budget. In fact it would be a good idea to consult your provider about the insurance premium before you buy a new model of car.

If high car insurance premiums on your vehicle are going above your budget, then try the above mentioned ways to bring them down. It may require you to spend further but will save money in the long run. The further spending makes you safer on the road so you are actually paying to stay safe. Car insurance is necessary, but should not cost you the earth.

Life Insurance Policy – The What, Why and How Of A Life Insurance Policy

A life insurance policy could help you to provide your family with financial security when you die and can no longer look after them. In this article I will discuss the what, why, how, when and where of a life insurance policy. If you are wondering about getting life insurance, then you may want to read this.

What is a life insurance policy?

A Life insurance policy is a contract between an insurance company and the insured which promises to pay out a certain amount to your beneficiaries in the event of your death.

It also sets out the provisions of the life insurance coverage. These provisions include premiums, loan procedures, face amounts, and the designation of beneficiaries, among many other clauses.

Policies may be for term or permanent cash value types of coverage.

Why is a life insurance policy essential?

The benefit from a life insurance policy is not for you. It is to provide for your loved ones, but after you have gone.

After your death, the life insurance money is paid to those who rely on you to give them a secure standard of living, which they might lose if you should die. This is money when they need it the most, with no income tax or publicity.

How does a life insurance policy work?

Term life insurance is only for a certain period of time, and if the policyholder dies during the term of insurance he/she receives the death benefit. In the case of the insured person dying after the policy expires, however, no benefit is paid.

At the end of the term period, the policy expires with no accumulated cash value, and no benefits are payable. Term is the cheapest, but it’s unlikely the death benefit will be paid since the life insurance policy will probably lapse before you actually die.

When a person has family and becomes ill, not only does the sick person need support, but also the family often requires relief. Short-term income protection is an added coverage to life insurance and provides extra cash to cover the family’s needs when one spouse is ill.

You will need to decide on the amount of term life insurance before you start to shop around. Most companies have effective savings rates at $250,000, $500,000 and $1 million.

When can you take out a life insurance policy?

You may be able to get a lower premium for your insurance if you have lowered your cholesterol, lost weight or quit smoking.

A 35 year old nonsmoking male in excellent health can buy a $500,000 term life insurance policy for about $700 per year.

Keep in mind your age determines the length of time the term policy will have a guaranteed level premium. You may not be able to get more than a 10 year guarantee if you are over 50 years of age, so start while you are still young.

Where can you find a life insurance policy?

Finding a life insurance policy is something that you should not rush into.

If you are planning to apply directly for life insurance, then you may find it easier to apply online. All this information will enable you to make the right decision about the best company to get your most suitable life insurance policy from.

Getting online term life insurance quotes can be a very effective and convenient way to save you both time and money when shopping for term life insurance. The quotes are free and you’re never under any obligation to accept any quote that is offered to you.

Unclaimed Life Insurance Policies – Introduction

The business of life insurance is serious business and the business of unclaimed life insurance cash is a serious problem. Many people believe that a loved one who has life insurance at the time of their death somehow magically advises the company of their death and the policy is paid. That is obviously not the case. Just because someone had a life insurance policy and died doesn’t mean that their beneficiaries automatically get the money that the deceased wished to leave for them. Somebody who is still living after the insured’s death had better know where to locate that policy and provide it, along with documented proof of the insured’s death, to the insurance company or else insurance proceeds will not be paid out; and right now, today, as you read this, BILLIONS of dollars are waiting to be paid out!

Make no mistake – insurance companies are in the business of paying claims and that’s what they will try to do. But there is a procedure that must be followed and that procedure begins with notification.

Once the legitimacy of a claim has been established, funds will be paid out. If there is a problem with establishing legitimacy, funds will be held until any problems are cleared up. If problems are not cleared up and legitimacy cannot be established, money, which the company doesn’t get to keep but which also won’t go to intended beneficiaries, remains unclaimed… and right now, today, as you read this, BILLIONS of dollars are waiting to be paid!

The procedure must, however, begin with notification.

Now, what might you, the living insured, do to make sure that your insurance proceeds get paid out per your wishes? Well, aside from assuring that all of the pertinent policy information is accurate and up to date, you MUST make sure that beneficiaries know that they are beneficiaries and, ideally, where to Find Lost Life Insurance Policy documents. At the very least, you must make them aware of the company or companies that issued the coverage and policy numbers. Otherwise the payment procedure breaks down and money goes unclaimed. (Also, don’t forget that if someone that you have designated as a beneficiary predeceases you, you need to update your beneficiary designations).

What to Do if You Are a Beneficiary

If you are certain of being a beneficiary or you are an executor of the decedent’s estate but he/she never told you where to find the policy information or even the name of the company, there are things that you can do to find the information that you need.

To start with, if you have any idea of the financial companies that the deceased did business with, make some telephone calls. Ask to speak with someone in the Claims or the Life or Policy Owner Service area. Explain the situation and ask how you may request that they do a search for any coverage that may exist/have existed on your loved one. Or, if you know that the deceased had a financial adviser, definitely call him/her. There is a good chance that he/she will have the information that you are looking for.

Also, because many employees simply go with employer-provided group life insurance, if the decedent was still working at the time of death, check with his/her employer. Or, if he/she was retired and receiving a pension, check with the retirement administrator.

Safe deposit boxes are one of the places where people routinely keep important papers. Don’t overlook this possibility. If these efforts fail you can look into hiring a private investigator who may have resources and legal allowances that you don’t.

If you are a beneficiary, don’t put insurance proceeds… and your loved one’s wishes to provide for survivors… at risk. Talk to your insured loved ones while talk is still possible. The subject is not an easy one to bring up but it is one that must be addressed. Not doing so could frustrate your loved one’s wishes and cost you thousands, even hundreds of thousands of dollars.