Archive for December, 2007

Insurance Premiums are the dollar amount you pay into a life insurance policy. You can pay premiums on a monthly basis or less often if you choose. All policies contain a 31-day grace period for late payments, therefore if you are late paying your premiums, you policy still stays in effect for 31-days, until you [...]

If a Insurance Company turns you down for a policy, try another company.
Each Insurance Company uses different methods and factors to decide whether or not to insure you.
Here is a good example. If you have high blood pressure that you control with medication, one company might reject you while another company may accept you. Just [...]

Only a few insurance companies sell life insurance policies through the mail. If you choose to purchase your policy through the mail, all you have to do is mail in your completed application directly to the insurance company. The company who sells life insurance through the mail usually does not have an agent in your [...]

Certain steps should be taken to resolve a dispute with your insurance company.
You do not need a lawyer to resolve disputes in most cases, most insurance companies will generally be willing to work with your to straighten out any problems.
First contact your insurance agent. If your concerns are not addressed contact the company’s customer [...]

One of the most important thing to know is if the insurance company you buy from will be able to pay death benefits when you die.

Choose a company with a good reputation and past history.

Choose a company that offers the product and features that meet your needs

Find out what state the insurance company is [...]

A good agent can guide you by explaining the options and identifying what best match your personal needs. Life insurance can get very complicated.

If you do not sell your life insurance policy, and you should die, the beneficiary you named on your policy must file a claim to collect the death benefit. The insurance company has 60 days to pay the claim or notify the beneficiary.
The beneficiary should get a claim form from the insurance company. The insurance [...]

A Viatical Life Insurance settlement is an agreement to sell the ownership of your life insurance policy to another, unrelated person, who then becomes both the owner and beneficiary of the policy.

Remember the more complicated the policy gets, the more you will find yourself relying on your agents to explain and help you. It is difficult to compare whole life policy with other policies because they are complex.

Term Insurance is the simplest form of life insurance, the terms are the easiest to shop for. Ask yourself and your agent a lot of questions and here are some suggestions