life insurance quotes

Business Wire - New Internet Service Instantly Compares Hundreds of Term Life/Annuity Policies

admin — Sat, 10 Apr 2010 22:40:58 +0000

INCLINE VILLAGE, Nev.–(BUSINESS WIRE)–July 18, 1995–A new life insurance and annuity quoting and comparison service called QuickQuote has debuted this week to the public on the Internet’s World Wide Web. The service provides personalized quotes of the best buys available for term life insurance and annuities.

At this time, the free, confidential service compares up to 200 “A”-rated or better term life products as well as 60 “A” rated or better annuity products based on the consumer’s needs. New products and companies are added daily.

“QuickQuote revolutionizes the insurance industry by allowing the public direct access to insurance premiums and annuity rates they’ve never had before,” said QuickQuote President Daniel P. Wager.

AccuQuote Offers Tips for Leaving Term Life Insurance Proceeds to Non-traditional Beneficiaries

admin — Mon, 01 Mar 2010 11:21:02 +0000

AccuQuote, a leader in providing term life insurance quotes to people across the Unites States, offers tips for leaving term life insurance proceeds to non-traditional beneficiaries. The multi-carrier life insurance brokerage firm gives consumers next steps when considering this beneficiary designation option on a term life insurance policy.

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If you're confident that your family will be financially secure when you die, leaving your term life insurance proceeds to a non-traditional beneficiary is a great way to give back to the community

However, your first priority is protecting your family, so if they depend on your salary for financial support, consider making small annual donations rather than naming the organization as a beneficiary on your term life insurance policy.

For example, donating just $10 a year doesn't match up very well with a $500,000 death benefit

To determine if this beneficiary designation option is right for you, talk to a licensed life insurance agent at a multi-carrier brokerage firm

They can help you find a life insurance company that frequently designs non-traditional types of life insurance policies and quickly and easily get the process started.

Wheeling, IL (PRWEB) October 26, 2009 — AccuQuote, a leader in providing term life insurance quotes to people across the United States, offers advice to consumers considering leaving their term life insurance proceeds to non-traditional beneficiaries.

A non-traditional beneficiary is a person or organization with whom the insured has a unique relationship, such as a college they attended or charity they support. Generally, this option is only considered when a consumer's family does not rely on their salary for financial support or the insured is a key financial contributor to an organization.

“If you're confident that your family will be financially secure when you die, leaving your term life insurance proceeds to a non-traditional beneficiary is a great way to give back to the community,” says Byron Udell, founder and CEO of AccuQuote. “However, your first priority is protecting your family, so if they depend on your salary for financial support, consider making small annual donations rather than naming the organization as a beneficiary on your term life insurance policy.”

When considering this beneficiary designation option on your term life policy, Udell explains certain conditions that should be followed to help life insurance carriers confirm reasonable use of the proceeds:

Determine if you have a documented history of contributions - By having a documented history of regular contributions to a college or charity, life insurance companies will generally support a consumer's request to designate a non-traditional beneficiary to a life insurance policy - as long as the death benefit amount bears some relationship to a consumer's regular contributions to that organization. “For example, donating just $10 a year doesn't match up very well with a $500,000 death benefit,” says Udell.

Consider if receiving tax advantages is important - By working with an organization's treasury or alumni relations department, arrangements can be made to designate that organization as the policy owner, beneficiary and premium payer. The consumer could then present an annual gift to the organization equal to the annual premium payment, which could be considered a tax deductible contribution.

“To determine if this beneficiary designation option is right for you, talk to a licensed life insurance agent at a multi-carrier brokerage firm,” says Udell. “They can help you find a life insurance company that frequently designs non-traditional types of life insurance policies and quickly and easily get the process started.”

About AccuQuote
AccuQuote helps consumers find the best values in term life insurance by combining instant online life insurance quotes with the personal service of unbiased life insurance professionals that can help answer questions, identify important issues, and make meaningful recommendations. The company offers consumers an extensive selection of life insurance options, including term life, whole life, and universal life, as well as selected annuities. The website has many handy insurance tools, including a life insurance needs calculator to help you figure out how much to buy, a glossary that explains industry terminology, a collection of articles that cover the basics about life insurance, and a blog which answer many questions about life insurance. For additional information or to get quotes for cheap term life insurance, please call 1-888-314-4455.

AccuQuote.com Explains Life Insurance Rescission and Offers Consumers Ways to Avoid It

admin — Sun, 31 Jan 2010 04:26:05 +0000

AccuQuote, a leader in providing term life insurance quotes to people across the United States, explains life insurance rescission and offers owners and beneficiaries of life insurance policies ways to avoid it.

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“The moral of the story is that you should not lie or misrepresent any information on your life insurance application. By lying, you risk leaving your family unprotected when you die.”

Wheeling, IL (PRWEB) January 4, 2010 — AccuQuote, a leader in providing term life insurance quotes to people across the United States, explains life insurance rescission and offers owners and beneficiaries of life insurance policies ways to avoid it.

www.accuquote.com

According to LOMA (Life Office Management Association, Inc.), rescission is a legal action in which a contract is declared void or cancelled. An insurer usually seeks a rescission of an insurance policy when there has been a material misrepresentation in the insurance application. Misrepresentation occurs when an applicant leaves out health and lifestyle information that directly affects their mortality and actuarial probabilities that determine premium rates.

“When applying for life insurance, don’t leave anything out. By misrepresenting important information about your health and lifestyle, you risk leaving your family without the benefits of your policy when you die,” says Byron Udell, founder and CEO of AccuQuote. “For example, if you tell a life insurance carrier that you’re in perfect health, when in fact, you had a heart palpitation two years ago, that carrier can and will seek a rescission of your life insurance policy, leaving you uninsured.”

Udell suggests the following ways to avoid life insurance rescission:
Understand the difference between warranty and representation – LOMA defines a warranty as a promise or guarantee that a statement of fact is true. If the statement is not literally true, the insuring party has the right to rescind the contract. Alternatively, a representation (or misrepresentation) is a statement made by a contracting party that is relevant to the formation of the contract. Representations that are not substantially true will invalidate the contract.

Know your timeline – Life insurance carriers are granted up to two years after a contract was signed by both parties to identify a misrepresentation that occurred during the life insurance underwriting process. The two year period generally starts from the effective date of the policy. If a misrepresentation is recognized within two years, the carrier will rescind a consumer’s life insurance policy. After the two year window, life insurance carriers are usually without option to rescind the policy or not pay the benefits according to the original terms of the contract.

“The moral of the story is that you should not lie or misrepresent any information on your life insurance application. By lying, you risk leaving your family unprotected when you die,” says Udell. “If you’re concerned about paying a higher premium due to a medical condition, talk to a licensed life insurance agent at a multi-carrier brokerage firm. They can compare underwriting guidelines among the best life insurance companies and give you an affordable life insurance quote based on your individual circumstances. The most important thing to remember is that having some life insurance is better than having no coverage at all.”

Business Wire - A.M. Best places USLIFE, American General units under review after acquisition plans are announced

admin — Mon, 11 Jan 2010 11:31:02 +0000

OLDWICK, N.J.–(BUSINESS WIRE)–Feb. 13, 1997–Effective immediately, A.M. Best Co. has placed its ratings on the insurance subsidiaries of USLIFE Corp. and the American General Group under review with developing implications. This action follows today’s announcement of American General’s plan to acquire USLIFE.

The USLIFE subsidiaries affected are: United States Life Insurance Co., All American Life Insurance Co. and Old Line Life Insurance Company of America– which are rated “A” (Superior) — as well as USLIFE Credit Life Insurance Co., which is rated “A” (Excellent).

The American General life insurance subsidiaries placed under review are: AGC Life Insurance Co., American General Life Insurance Co., American General Life Insurance Company of New York, Franklin Life Insurance Co., American Franklin Life Insurance Co., American General Life & Accident Insurance Co.– which are rated “A” (Superior)–Home Beneficial Life Insurance Co., Independent Life & Accident Insurance Co. and Merit Life Insurance Co.–which are rated “A” (Superior).

The ratings will remain under review pending further discussions with the management of American General and USLIFE Corp. and the closing of the transaction, which is expected in mid-1997. The review will focus on the operational performance and the strategic role the insurance subsidiaries will serve under the American General organization, as well as the financing terms.

In addition, A.M. Best will evaluate the potential for integration among the operating units, the ability of American General to recognize expense savings and growth opportunities for the combined companies, and the impact the expected synergy will have on American Generals financial flexibility.

The ratings of the property/casualty subsidiaries of American General and USLife are not affected by this action.

The transaction will involve a tax-free exchange of stock, whereby USLife shareholders will receive $1.8 billion of American General shares. Additionally, American General will assume USLife debt of nearly $600 million of debt, which brings the total value of the transaction to $2.4 billion.

USLIFE is a life insurance-based holding company consisting of 11 wholly owned subsidiaries. With more than $168 billion of life insurance in force and nearly $8 billion in assets, USLIFE operates nationwide through three ordinary life insurance companies, a credit insurance group, and six other companies that provide investment advisory, broker- dealer, marketing, real estate, data-processing and administrative services.

Houston-based American General is a diversified financial services organizations providing retirement annuities and life insurance through its independent agents, financial planners, brokers, financial institutions and home service agents. It also offers consumer loans, home equity loans, credit cards, credit and insurance-related products through its consumer finance operations. At year-end 1996, American General reported consolidated corporate revenues of $10.9 billion, net income of $577 million and total assets of $66.3 billion.

According to A.M. Best data, the combined life companies of American General and USLIFE, on a pro forma basis, had admitted assets of $53.4 billion and net premiums written of $6.4 billion, which would rank them 10th and 11th, respectively, among life/health insurers in the United States.

A.M. Best Co., established in 1899, is America’s oldest and most widely recognized insurance rating and information source.

CONTACT: A.M. Best Co., Oldwick

Jeffrey Dunsavage

(908) 439-2200, ext. 5618

Cheap Life Insurance in the UK

admin — Sat, 05 Dec 2009 04:56:06 +0000

Ensuring your family is taken care of after you’re gone is a very important thing to think about. It is quite depressing to ponder over this issue but it is essential to ensure your family has enough financial support when the time has come for you to go. Especially if you have family members that don’t work, stay at home and are financially dependent on you and your salary. Even if you have already invested in life insurance take a look at your policy and see if it’s the right one to have. There is such a thing as a cheap life insurance policy, it’s your job to search the market and find it. There are a couple of different types of life insurance policies such as term life insurance, permanent life insurance, and also combinations of both.
Term life insurance policies can help your family financially and offer benefits after your demise. If you live longer than the agreed upon term, your family will not get any financial support after your death. Permanent life insurance plans also offer financial support to your family after your death. Permanent policies also have cash value terms which means that you get some money back if you live longer than the agreed upon terms. This money can be awarded to you by the insurance company after you cash in your life insurance policy. Anyone can figure out by just looking at the conditions that term policies are cheap life insurance plans while permanent life insurance policies are more expensive. However, the premiums you pay each month for permanent life insurance are the same whereas term life insurance policies are subject to change or increase steadily over the years
The longer you have a life insurance policy with your insurance company, the better the deal you’re going to get. Check out the dividend rates, interest and other factors before choosing a cheap life insurance policy that will fit in your budget. Life Insurance is a recommended investment at the age of 25. It’s a perfect age to begin investing so by the time you are 50, with a family to provide for you’ll have enough to help them financially in the event of your death. By purchasing life insurance when you are younger you avoid having to pay expensive premiums. For term insurance policies they have re-entry stages which are agreements throughout the duration of your policy to undergo a medical check up to assure your insurers that you are maintaining good health. These health check ups will keep your premium low if you maintain a high standard of health. If they find your heath deteriorating or find that you are not taking care of your health as you should be, your monthly premiums for life insurance will increase.
So don’t buy cheap life insurance because someone tells you to or because that’s what the rest of the world is doing. Buy it because you want to take care of your family today, you will be able to take care of them even after you’re gone.

Life insurance: Time to think.

admin — Sat, 14 Nov 2009 23:50:59 +0000

Life insurance is probably not at the top of peoples list of things to buy. At a time when we are all trying to save a few extra pennies, life insurance often gets put on the back burner. There are probably more important items to spend your hard earned cash on but it is worth considering your options and plan ahead.
Most people do not like talking about it and it is understandable, but although it is not the most uplifting topic to discuss, life insurance is very important and gives you piece of mind that when the worst does happen, your loved ones will have some financial help.
It is amazing to think that 45% of fathers do have sufficient enough life insurance policies and a 20% have no policy at all. Of course it is important to think short term and to ensure that we all have enough money to make it through the credit crunch but it is just as important (if not more) to plan for the long term.
Looking for cheap life insurance may not be easy but you can certainly find some very competitive deals around. It is important that customers pick a policy that will cover them for all eventualities because it would be daft to spend the money on a policy and it not be worth enough when needed.
Customers looking for the best deals should compare life insurance quotes from the leading providers. That way they can compare various deals and find the one that suits them the most. Consider the long term when searching for your policy and take advice from those who offer it as it may be priceless.
It is never too early to think about life insurance and finding the right deal is easy. Finding cheap life insurance is easily achieved if customers compare life insurance deals from the leading providers and find the deal that suits you best.

Engaged Couple and Life Insurance

admin — Mon, 02 Nov 2009 06:02:02 +0000

Many Australian will dive and get married this year. Since brides and grooms are occupied carrying out the details which must be sorted out before their special day such as choosing a reception site, a florist, wedding dress and sending invitations many will overlook to plan their financial future together as a married couple. Marriage will impact couples life in several manners, in particular when it comes to finance and insurance protection. It is recommended to spend a certain hour reevaluating the needs for life insurance and the financial goals before saying I have. Life insurance is a very vital aspect of a financial plan which should not be neglected. The earlier you start to communicate about your financial objectives with each other, the more likely youll be able to set up a rock-solid foundation for the future. Dont think that life insurance is just for old people. While marriage arouses a new spiritual union, it also builds a new financial union which often consist combined debt from student loans and credit cards. To cover some of this debt, you should consider buying a life insurance policy. Generally when you are younger couple, because the younger you are, the lower the premium will be. There are two types of life insurance Whole Life and Term Life. The Whole Life is your permanent insurance and it will last as long as you continue to pay the premiums. The Whole Life insurances premiums are fixed and insurer cannot cancel the policy. On a long term basis, it will build cash value which can be accessed to help meet your financial needs. On other hand, Term Life insurance provides you low-cost coverage over a predetermined period of time i.e. 5 years, 10 years, etc. It is a pure protection and does not build cash value like Whole Life insurance. Either of one or a combination of both may be appropriate according to needs, financial goals and attitudes. While planning your dream wedding, keep in mind to shop around for the right insurance agent to help you make vital decision about buying the suitable life insurance policy that suits your need. Start your search now to find an insurance agent in your local area with www.RateDetective.com.au. More information http://www.ratedetective.com.au/insurance/life-insurance

Whole Life Insurance - Health Insurance Policy Can Benefit us in Many Ways

admin — Mon, 19 Oct 2009 13:11:37 +0000

There are three good things in life a little seed in good soil, a few cows in good grass and investing in any of the good life insurance policies as soon as we can. We always have to remember that happiness doesn’t depend upon what we think but it always depends upon what we have. If we have invested in any of the life insurance policies then we can be happy and relaxed for the rest of our life. It is considered that he who is virtuous is wise and he who is wise is good and he who is good is happy. A wise man is a person who thinks about the future and tries to invest in any of the life insurance policy and secures the life of his family. Once we have invested in the life insurance policy then the happiness and satisfaction which we can get solely lies in the joy of achievement and the thrill of our creative effort. Today there are many life insurance policies which we can benefit through and invest in. Some of the life insurance policies are the whole term life insurance policy, the universal life insurance policy, the health policy, the mortgage policy, the business security policy and many more. For further details we can log on to any of the life insurance site or we can even consult our friends who have already invested in the life insurance policy or even we can consult the life insurance agents.

My sister had met with an accident a few days ago. She was very badly injured and she had to be hospitalized for at least 4 months and she was even advised a best rest for at least six months more. But thanks that she had invested in the health policy previous to her accident thinking that we never know what we will have to go through the very next minute. She has a small daughter of six years old and she had lost her husband only 6 months back. She was mentally disturbed and while driving only she had met with this accident. Even her husband had invested in the universal life insurance policy so that both of them could save together and so they had invested in two separate policies and this way the responsibility was divided them both. All her medical expenses were getting deducted from the health policy which she had bought for herself and thus the expenses were not troubling her much. It was indeed a wise decision on their part that they had invested before any untoward incident could take place in their life. Even we should try and invest in any of the life insurance policy because now even I believe that we never know what we are going to face tomorrow in our life. We have to be prepared to accept the incidents in our life. If we are financially strong then we can easily face the untoward incidents which knock our door at any time of our life. I invested in the universal life insurance policy after I was my sister’s state.

Prepare Before Seeking Term Life Insurance Quotes, Suggests InsuranceAgents.com

admin — Sat, 26 Sep 2009 00:20:49 +0000

/1888PressRelease/ Questions to answer before shopping for term life insurance quotes.

Its more important than ever to financially invest for the future. Many Americans are financially tied up, but during these hard times, its important to keep your eye on the big picture. If consumers are looking for a way to keep their families financially secure even after they pass on, term life insurance may be the answer. Too few consumers think to invest in life insurance. Term life insurance is a relatively inexpensive way to buy a sizeable death benefit. When you pass on, the benefit is paid to your family (or whoever you assigned as the beneficiary in your policy).

According to an article recently published on Insuranceagents.com, consumers need to shop around for term life insurance quotes to give them a better chance of finding a good policy for an affordable price. The article recommends that consumers ask themselves several questions before seeking term life insurance quotes to find out whether term life insurance itself will ideally meet their individual needs.

Some people look into the wrong type of insurance, as they search for the perfect term life insurance quote, the article says. [T]erm life insurance will not cover the policyholders entire life. People should consider permanent life insurance if they want to be covered for their entire lifetime.

Insuranceagents.com also recommends that consumers evaluate their own debt before investing in term life insurance.

The average consumers debt is reaching outrageous figures. According to the Federal Reserve, each household holds an average debt of more than $112,000 (factoring in mortgages, student loans, car loans, credit card debt, tax debt, etc). And a large amount of debt isnt what you want to be leaving behind for your family to struggle with. Investing in term life insurance can help pay off any debts you leave behind and possibly have left over funds to pay funeral expenses or for your family to use to make ends meet. And remember, knowing ones own personal debt to date will help in determining what kind of term life insurance policy is appropriate for them.

Although life insurance can be cheap, people should evaluate the amount of debt they have, before searching for a term life insurance quote. They will find that knowing the amount of debt they owe would determine the best term life insurance quote they can afford; [and] the maximum amount of money their loved ones will receive, according to the Insuranceagents.com article.

Staff Contribution: Meha Ahmad

http://www.insuranceagents.com/

Related Link: http://www.1888pressrelease.com/prepare-before-seeking-term-life-insurance-quotes-suggests-pr-112346.html

Life Insurance Policy For Spouse And Children

admin — Thu, 17 Sep 2009 23:00:50 +0000

Life Insurance policies are bought with an objective to cover financial loss should you lose a loved one who is the breadwinner of the family. You need to compare life insurance policies to make sure your family gets the best financial assistance in the event of crisis. Many policies are available, providing different types of life insurance cover, and choosing the best life insurance appropriate to your needs is very important. You may prefer cheap life insurance, or a large comprehensive package.Life Insurance policy is an important financial instrument for the policy holder because this policy is meant to provide adequate cover to the individual. And in case of death of the policy holder the policy should be able to cover the loss of income. Broadly speaking, life insurance can be divided into term life and whole life policies. Term life policy offers pure life cover and the policy holder is payable only in case of his death during the effect of the policy. While whole life policies cover life and also offers investment opportunities. Here the policy holder is payable in both cases either he lives after the maturity of the policy or dies during the effect of the policy.The members in the family who earn income actually need life insurance coverage the most. The first priority should be to have adequate coverage on them because the loss of income due to their death would have an adverse affect on the members of the family. After this need is handled cleverly, the consideration can then be given to the family. The question is whether there is any reason to provide coverage on other family members because the insurance costs money in the form of premium.It is sometimes ideal to have life insurance when a family budget is very tight or there is only one member of the family who earns in the family. Because in the event of death of this person the life insurance cover may help the family to overcome the expenses that might have been difficult to cover otherwise. Buying life insurance for children is not advisable; as we are aware life insurance is bought for those who are support to the others in financial terms. And for sure you are not dependent on the childs earnings. But buying a policy for your child with an option to buy more insurance at a later age sometimes does make sense. This could provide protection to your child if required additional insurance in the later stage of life. Or it can help in case your child becomes uninsurable due to some unforeseen event. These needs can be best served by buying cheap term insurance for appropriate number of years.After all the juggling, one important decision to make regarding life insurance is whom to choose your beneficiary. There are two types of beneficiaries, primary beneficiaries receive a portion or the whole policy benefit if they outlive you. Contingent beneficiaries receive proceeds if a primary beneficiary dies before you. You can nominate your spouse, domestic partner, children, relatives, friends, charities, businesses or trusts as your beneficiary. At Policybazaar.com you can compare and buy any type of insurance policy related to Health Insurance, Car Insurance, Life Insurance and Travel Insurance. If any help require regarding to Insurance you can call to our call centre: 0124 457 67 77 and also see our Website: http://www.policybazaar.com/life-insurance/life-insurance-india.aspx