Auto Insurance Term » Life Insurance

Insurance for Asset Protection

admin — Mon, 31 May 2010 04:58:45 +0000

There are many reasons to get insurance. When you have accumulated some wealth, asset protection becomes an insurance consideration. In the olden days you would make your castle larger and then protect against marauders with a moat and high walls. Today most communities don’t allow moats or high stone walls. And the marauders are trial lawyers that could try to take all that you have worked to earn!

A good insurance agent will work with you to have the best possible protection for your situation. It is important to have a balanced plan. You don’t want to have a 12’ front wall and a 1’ rear wall. In insurance terms this means not having $500,000 liability protection for your home in combination with $20,000 liability coverage on your cars.

An example of an asset protection program might include ½ million of liability on a home, autos, RV’s, boats, etc… Life insurance of 7 to ten times earnings can also be a part of asset protection. (Your life and ability to earn is a very important asset!)

The next level could be an umbrella policy. This starts where your other insurance ends off. Umbrella’s often start at a half million and larger amounts are available. Disability, health, and long term care insurance are other considerations.

This article is not enough information to make an insurance plan. My suggestion is to find an insurance agent you trust and develop a plan for your needs. Then update your coverage as your needs change. Texas residents are welcome to contact me at my Houston insurance agency

By: Glenn Lamb

Benefits of Group Insurance Plan

admin — Sat, 27 Mar 2010 11:26:35 +0000

As we mentioned in previous article, many corporations offer competitive packages, and that’s even a strategy in hiring and retaining employees. These competitive packages include group insurance to plans that provide individual retirement accounts or traditional registered pension plans, etc. In this article, we will discuss the benefits of group insurance Plan.

1. Benefits for employers

a) The insurance provided by company helps to reduce turnover,attract a higher class of employee and employees loyalty.
b) Provides for continuity of coverage of any new employees had previous coverage, making the employer more competitive in the labor market.
c) Creates a greater degree of employee security and efficiency.
d) Employers have a obligation to provide affordable employee protection.
e) Premium is easy to project and to adjust.
f) It is a deductible expense.

2. Benefits for employees

a) Employees received free insurance coverage without paying any premium when funded by the employer.
b) Do not require evidence of insurability on the larger plans.
c) Provide for employee security for employees dependents in the event of death, disability or critical illness.
d) Life insurance in the group insurance can be carried over to a new group policy or individual plan upon termination.

Please note that some companies have combined contribution and non contribution plan depending of seniority of each employee. This type of plan automatically enroll new hired employee and junior employees( less 3 years of seniority) into contribution plan and he or she requires to pay for portion of premium from 10% t0 30% or more before they can enroll into non contribution plan usually with seniority of 3 years or more.

I hope this information will help. If you need more information, you can read the complete series of the above subject at my home page:

By: Kyle J Norton

Insurance Companies – How to Locate the Cheapest Insurance Rates Online

admin — Sun, 28 Feb 2010 22:29:54 +0000

Life is uncertain. All persons must have some security to fall back upon to help out their family members. Life insurance is the only product that you can fall back upon. However many people feel that insurance is too costly and avoid buying insurance. It has been observed that ninety percent of the people defer their plans to buy insurance due to the high cost factor. One has to understand the technique of finding out cheap insurance online. Insurance rates depend on the risk factor and vary with every individual.

There are a large number of factors that dictate the premium charged by insurance companies. If the company infers that you are likely to stake very heavy claims, the insurance company will charge a high premium. If they find you are paying regular premiums and may not be putting up claims, they may charge much lesser premium. There is also a tendency on part of companies who have suffered heavy losses in the past to charge high premiums. As a customer you need to account for all these factors before taking a decision.

The Internet is a right choice for you to decide upon the best and the cheapest insurance. You can search for companies providing the best discounts and the cheapest premium. The Internet also generates very strong competition between the companies and you can make the best use of it.

You can select the company providing the best of service and the best discounts. It is very necessary to compare quotes before signing up for insurance. The Internet provides insurance comparison websites that can be used to compare quotes. They will save you both money and time. Make the best use of these websites and save money during recession.

By: Michelle Messmer

Daily Insurance – Short Term Quotes!

admin — Tue, 08 Dec 2009 21:40:22 +0000

Are you a temporary driver, wanting to travel on an emergency situation. Or is your car under repair and you need to drive your friend’s car. What will you do in these circumstances? Ignore the risk of driving with out any insurance cover that safeguards you and the car from any inevitable occurrences or avail a protective cover for your car.

Avert any threat to your life or car! Get covered under the most comprehensive daily insurance. In times of emergency, it is but inevitable t borrow some one else’s car. When such situations arise, you need to protect yourself and the car from any theft, fire, bad weather condition, vandalism etc. Even a smallest journey is not devoid of risk. Reach out to avail a free short term insurance quote right away and see how much it costs you to drive peacefully. Fortunately for you, there are online car insurance companies that offer short term auto insurance coverages.

For those who are travelling for a day or two, there are customised temporary insurance policies such as a daily insurance. This offers protection round the clock. Get complete protection even when you are an additional driver. Secure your life with a daily insurance right away!

Insurance car short term – best known among students!

This is quite popular with those who borrow car and drive for a day or two. It is most suitable for students who drive only when they are home from school, or back home from school or college vacation. In addition to students, visitors or tourists who are new to a place, can also avail short term cover. It can be used as a drive away insurance for a newly bought car.

By: Kirthy Shetty

Understanding Auto Insurance Jargon

admin — Wed, 04 Nov 2009 02:41:12 +0000

When reading through an auto insurance policy, it can seem almost impossible to understand. This is because there are various words that we do not use in our everyday language. Actually, those words are not really used outside of the insurance industry or outside of a conversation involving insurance. If you don’t have an understanding of those words, then it can seem as if someone is speaking a foreign language to you. That is why you should learn some of the insurance jargon that is thrown around because insurance happens to be a large part of your life.

Without insurance, you do not have any type of protection in case you are in a car accident. If you don’t have protection, then you can be sued. Being sued means you’ll have to pay for any damages sustained in an accident if the accident was your fault. Even if the accident wasn’t your fault, you still have to worry about your medical bills, replacing your car and the medical expenses of anyone in the car with you. This in itself makes it obvious why auto insurance is a necessity. Luckily, states mandate that people must have a minimum amount of auto insurance.

Basic terms

There are really only five basic terms that you need to know when talking about car insurance. Those terms are:

- Liability coverage
- Physical damage coverage
- Medical coverage
- Emergency assistance coverage
- Unattached equipment coverage

A few of these may look a bit familiar to you, but there are a couple of them may not. We frequently hear the terms liability coverage, physical damage coverage, and medical coverage when talking about car insurance and reading our policies. What we don’t hear much of is emergency assistance coverage and unattached equipment coverage. These are, of course, not as important as the other aspects of your coverage, but that does not mean that they should be ignored since they are great add-ons to your policy.

The most common of the terms you will hear is liability coverage. Liability coverage is the part of your policy that covers damages caused by you in the case of an accident. You should always make sure this coverage is enough to cover damages. If not, then you may have to pay an out of pocket expense to the person who was the victim in the crash. Medical coverage covers you and any passengers within your vehicle as a result of a crash. Physical damage coverage will help you repair or replace your vehicle.

As for the two terms that are a bit different, emergency assistance coverage is like a type of roadside assistance. Adding this to your plan provides you with tow service so that you’re not stranded on a highway in unfamiliar territory. Lastly, unattached equipment coverage provides coverage for that equipment that is not a permanent attachment to your car. That may include something such as a satellite radio system. If you have expensive attachments on your car, you want to make sure that you insure those as well so that you don’t have to pay for their replacement or can have those items repaired by your insurance.

Having an understanding

Knowing these terms is the first step in understanding some of the confusing but important terms that you will see and hear. If you don’t understand them, you cannot understand what type of home and car insurance coverage you have or even how it works. Knowing how it works helps you determine if what you have is adequate enough for your particular needs.

By: Amy Nutt