Archive for July 20th, 2010
Till Death…or Divorce…do we Part?
Posted by Insurancedojo in General, life insurance on July 20th, 2010
If you have recently or are currently going through a divorce, life insurance is probably not in the forefront of your concerns at the moment. However, it is one of the many items you will have to confront during this not-so-happy time. As nearly 50% of all U.S. marriages end in divorce, it is a problem several of our clients have had to deal with.
One of the questions that will naturally come up is “what to do with the spouse who is a beneficiary on your life insurance policy?” Unfortunately, there is no single right answer to this question. You might not have any choice in the matter, as the divorce settlement might dictate how the policy should be handled, moving forward. For example, if the divorce settlement prevents a change in the ownership and beneficiary of the policy,any subsequent change will be held to be invalid.
The court might rule that the policy be maintained for a specified period of time, to either insure alimony or child support, or both. The court can also decide on which party is to maintain ownership of the policy. As the owner decides on the benefiaries of the policy, ownership is an extremely important decision.
The court could also establish a lapse provision. This ruling might include language that would entitle the divorced spouse and children to a percentage of the policyholder’s estate (equal to the death benefit of the lapsed policy), should the policy lapse.
While you probably have many pressing concerns while in the midst of a divorce, the maintainance (or cancellation) of a life insurance policy shouldn’t be overlooked.
The above is the opinion of the author and in no way should it be construed as legal advice. You should consult with your attorney before making any changes to your current life insurance policy.
How To FInd The Best House And Car Policy
Posted by Carol Davidson in car insurance on July 20th, 2010
As home owners and vehicle owners, we have a lot of things to think about. We want to do the right things to care of our large investments. This means we need to be current on our debts, keep everything kept up nicely, and of course, find the right policies. We want to find the right insurance, of course, but we do not want to go broke paying for it. Get some test tips to take advantage of the best quality coverage while saving time and money!
How can we find the best insurance while saving time and money? Car and Homeowners insurance companies will usually offer a discount if you place both policies with the same company. This is a very common way for home and car owners to save money while getting great coverage. Is this something that you take advantage of?
Sometimes ads can be misleading. I found one very large insurer who only covered vehicles, and did not cover homes. They were advertised as the cheap insurance company, but I found that it did not work out so well for me after I purchased a home. I switched my business to a larger company that could cover my home and cars, and I found that I saved quite a bit of money. Could this work for you?
These discounts may not seem like they are that important, but they really are. If your total family bill is about $200 a month, which is a low estimate, a twenty percent discount means saving $40 a month. That adds up to almost $500 a year!
Which insurance company is the best one for you? As you know, there is not one best company for everybody who reads this. Insurers will set rates by many factors, but they do not all do this the same way. Some will be friendlier to the guy across the street, your Aunt Mabel, and some will better for you! It is important to compare insurance company rates and plans in order to find the right choice for your family policies.
There are also other opportunities to save money on your monthly premiums. By taking a few minutes to compare quotes, you may be able to save hundreds, or thousands, of dollars every year. This has worked out very well for me in the past. Find the insurer who wants to cut you the best deal!
There are many other home and car discounts you may take advantage of with some insurers. Things like defensive driving courses are quick to take, but can save you 10 percent. Safety devices or theft alarms are also common discounts. If you are in the market for a new or used car, make sure you know which ones cost less to cover too. There are many opportunities to save money, and you may not know about all of them!
It is important to understand that the insurers are all different in the way they conduct business. You must compare prices every so often to find the best deal for a family situation like yours. And right now, you could be passing up on some great opportunities to save money.
Are you a homeowner? Get answers to questions about Mortgage Protection Insurance and how to get our of PMI.
Car Insurance Q&A
Posted by Riley Waters in car insurance on July 20th, 2010
Determining the top auto insurance for you personally will not be an uncomplicated venture. Car insurance is certainly a hard matter to completely understand taking into account all the different coverage ranges plus the degree to which prices differ. The good news is, we have a wealth of publicly accessible facts about this subject. Brokers and agents are generally your closest friend, and also the web is chock packed with tips and guidance regarding selecting the correct coverage for the most effective cost. Go through to discover methods to spend less on your car insurance plan whilst not substantially compromising your risk threshold. The foregoing is sure to assist you in such a regard.
Seek the expertise from a practiced insurance agent. An informed insurance agent can certainly help you to increase value by creating your auto insurance policy to match the needs you have. Insurance agents realize where the significant risks lie, as well as see the claims that get filed away. They’re able to sometimes provide invaluable knowledge to the table, since they recognize how insurers handle claims. This is usually a nice thing, or it might be undesirable – frequently cunning car insurance agents steer you on to believe that you’ll be getting a good deal while actually, you could be getting swindled directly into paying greater than you should. The remedy right here is certainly to conduct some essential research for you to ensure that your insurance agent is actually a respected individual of good repute which individuals have mainly positive points to say about.
What on earth is an insurance policy? An automobile insurance policy is a partnership between the insurance provider and the driver that handles car-related damages. Your policy identifies in clear terms your agreement with your insurance provider. Details like your rates are obviously included. Additionally, claim limits are defined, and even any supplemental responsibilities you have. Bright auto insurance buyers have an understanding of worth. The best value balances price against a defined level of service.
Look around for the best deal. Be knowledgeable in regards to the various vehicle insurance policies of which insurance providers make available. View who is selling what exactly, in addition to what they charge for their particular services. Take your comparison shopping online, and instantly determine the median rates for your median coverage recommended for you. Study all the terms and conditions, as well as do a comparison of apples to apples. Discover the actual variances amongst a number of offerings, and use ones own judgment to ascertain which fits into your budget. If you’re taking your time and efforts and look all around using your eyes wide-open, you’ll probably locate some auto insurance that suits for the right price.
Ensure that your deductible level is appropriate. It probably wouldn’t be really worth your time to launch a claim for $100. Ones own deductible is the amount of money that you need to pay out whenever you report a claim.
Understand what you will be paying for. When you are seeking to acquire an insurance policy, don’t go into it blind lest you end up having to pay a lot more than you should. Collision insurance is going to remedy for damages on the automobile belonging to the insured. Ones own liability coverage is necessary for most provinces. This is actually the part of a person’s insurance policy that insures damage due to you. These might incorporate costs to service someone else’s automobile, or perhaps health-related expenses if you’re discovered to be somewhat to blame for some accident. The insured normally is required to shell out deductibles – this is the portion of a claim that has to end up being paid by the insured before the insurer pays their own portion.
Ordering car insurance should never need to remain a troubling experience. Spend time smartly in advance, and find the value you are worthy of.
-
-
You are currently browsing the archives for Tuesday, July 20th, 2010
