insurance compare & general & homeowners & pet & term life

What Is The Difference Between Term Life Insurance And Whole Life Insurance?

admin — Mon, 01 Mar 2010 09:16:58 +0000

term life insurance is in effect so long as you pay for it and pays out the face value of the policy at time of death. Whole life is an investment policy. Your premiums earn interest which can be paid back to you, added to the value of the policy or be used to pay the premiums, eventually making the policy self-perpetuating. The face value and any accrued interest is paid out at death, or the policy can be used as a retirement portfolio.

General Liability Business Insurance?

admin — Mon, 01 Mar 2010 09:16:54 +0000

I am opening a Roadside Assistance company and I need $1.000.000 liability insurance. What insurance companies should I use and how much would the payments be?

Is Term Life Insurance The Best Value For The Money?

admin — Sun, 28 Feb 2010 09:12:17 +0000

Generally, Yes.
Whole life is essentially a combination of Life Insurance and an Investment plan in one package. The rates of return ( due to higher costs) are usually lower than a similar investment without the insurance. So you could very likely get separate term insurance and a separate investment and do better.
One exception is the case where you do not meet the health requirements for the best term policies. The underwriting guidelines may be looser for the whole life policies. Some companies may also offer a plan where you start at one rating and are automatically upgrated to a better rate after some period of time (i.e. 2 years)

What Is A Good Estimate For Small Business Insurance?

admin — Sun, 28 Feb 2010 09:12:14 +0000

I am working a project for my MBA class. I am organizing a small business for the project. It’s a cooperative of specialty poultry producers. The cooperative markets the poultry to local major retailers and transports end products (after processing, packaging and storage to retailer DC’s). I need a quote for general liability insurance and insurance on a small refrigerated truck (driven by someone with a pristine record). I need annual premium estimates that coincide with an exact policy amount – the least possible please! Online insurance quoters are not working.

What If Any Are The Difference In Term Insurance Rates For A Nicotine Gum User Compared To A Smoker?

admin — Sun, 28 Feb 2010 09:12:12 +0000

What companies rate nicotine gum differently than smoking?

What Is Importance Of General Insurance?

admin — Sat, 27 Feb 2010 09:11:28 +0000

General insurance is for both personal and business. Life insurance basically focus on persons and uses the finance accumulated for business. General insurance is important since it serves as a support system in all fields and all walks of life.

General Insurance Company In San Jose, California.?

admin — Fri, 26 Feb 2010 09:47:49 +0000

What is your question?

How Can I Get A Liability Insurance For My Cleaning Business?

admin — Thu, 25 Feb 2010 09:11:42 +0000

I have called to a few insurance companies to get a general liability insurance, and I have been turned down, because I have barely any experience in the cleaning business. How then can I start and get an insurance at the same time? Do I have to lie to them and tell them that I have 10 years of experience?

What Is The Diffent Between Term Life Insurance And Whole Life Insurance? Which Is Most Choosen?

admin — Wed, 24 Feb 2010 09:22:16 +0000

Whole life insurance is the type of plan that contains savings in it. The savings is technically called cash value. Cash value grows tax-deferred. If you ever want to take money out of it, you have to borrow it and owe monthly interest on it. If you surrender the policy, surrender charges may apply and possibly income taxes. If you die while the policy is still enforced, you will lose all cash value. Death benefit will be reduced by any missed premiums and any loans taken out of the cash value. As it says, whole life is where you pay premiums for life.
Term insurance is just regular life insurance without the savings. Since it does not contain any savings, term insurance is said to be inexpensive. You can buy lots of coverage for low amount of premiums. Since it is inexpensive, most people are able to save their money in a savings vehicle, such as bank accounts, mutual funds, stocks, bonds, and retirement accounts. If you outlive the term, most people usually reduce their coverage or they don’t need it anymore since they been investing since the time they got term insurance. Term insurance is only effective if you invest the difference.
To see a hypothetical cost between whole life and term insurance, go here: http://obe231.blogspot.com/2006/11/compa…
Insurance agents will say that term insurance rarely pays out. I don’t know where they get their facts from. There’s a good chance they never sold term policies or they believe in what their company says. Nobody knows when a person will die. My company paid out over $825 million in death claims last year from term insurance. Over the 30 year period, the company has paid out over $10 billion in death claims. The company currently has over 100 million clients that has term insurance and continues to grow.
Insurance agents will also say that term insurance gets expensive when you renew it. Yes that maybe true, but which would you prefer? Paying $2000/year for whole life now or just $500/year on a 30 year term?
What is most choosen? Most people don’t know the different types of life insurance and don’t really understand it. So they will buy whatever the agents tell them to buy, which is usually whole life or some sort of cash value life policy. Cash value life policies pays out huge commissions, while term policies don’t. If you were a life insurance agent, which would you prefer to sell?
Personally, I own a 30 year term insurance and also invest $100/month into my Roth IRA. I bet most life insurance agents own term insurance as well or they don’t own any at all. I never seen a life insurance agent owning a cash value life policy, well at least not yet anyway. Hmm, maybe you should ask your life insurance agent what he/she owns?

What’s Usually Covered In A Term Life Insurance Policy?

admin — Tue, 23 Feb 2010 09:11:29 +0000

your cover will depend on your individual needs and circumstances, and the premium you choose to pay