How to Choose the Best Life Insurance

If you’re like most people, you probably only have life insurance through your employer. However, if that is the only life insurance you have, you are counting on that single policy to take care of your family if something happens to you. Many people put off purchasing more life insurance because they aren’t sure how to choose the best life insurance for their needs. Finding the right life insurance policy may not be easy, but it is one of the most important things you can do to care for your family’s future.

Reviewing life insurance policy quote

Start by figuring out how much life insurance you actually need. At a minimum, you will need to find a policy that covers costs associated with your death, such as a funeral and burial, as well as doctor or hospital costs that may come as a result of a battle with a long illness. You will also want to cover any taxes that will be levied against your estate, and plan for the day-to-day expenses that your family will need to cover. For most people, the right life insurance policy is five to seven times their annual income. When you decide how to choose the best life insurance, you will want to know exactly how much coverage you need without going overboard.

Once you have figured out how much your policy needs to be worth, you need to figure out how to choose the best life insurance type. Term life insurance is a policy that covers you for a certain number of years- for example, for twenty years or until you turn sixty five. These policies are often less expensive than other policies, and the rate is generally guaranteed during the period you own the policy. However, unlike other forms of life insurance, term life policies don’t gain cash value and they may not be renewed when they expire.

Permanent life insurance covers you for as long as you are alive, as long as you pay your monthly (or annual) premiums. This type of life insurance may have a cash value, also called a “cash surrender value” which allows you to surrender your policy for a portion of the total value of the policy or even take a loan out against the value of the policy. Permanent life insurance comes in “whole life” or “ordinary life” versions, in which premiums remain fixed and must be paid regularly.

Some people prefer “universal” or “adjustable” life insurance policies, which can be purchased and paid for at any time, as long as you follow the rules that the company sets. Variable life insurance allows you to decide how you want to invest the premiums you pay among different types of investments. This means that the total value of your policy will vary, depending on the value of those investments.

As you start looking at different policies, you will want to decide how to choose the best life insurance policy based on the needs of your family. Talking with an insurance agent is a great way to better understand what you need to provide for your family in case something happens to you.

How to Find and Buy Cheap Car Insurance Online

There are a lot of insurance companies out there today and they have one thing in common besides covering your car and passengers… they want your money! Here are some simple steps in finding the most affordable car insurance that fits your needs.

  • Compare – Look at what’s offered and compare companies from each other. You might even start your own checklist of what’s important to you. Here’s a site that will do the work for you, they compare quotes online from multiple companies.
  • Check – Check for discounts! Many offer age discounts because once you’re out of your 20s you’re a more experienced and safer driver. There are also student discounts (as show here), marriage discounts, and a list of others you might qualify for.
  • Choose the right car – Make the right decision in choosing a car. Car insurance rates often depend on how expensive your car is and what class it falls into (example: sports cars cost more to insure).
  • Multiple car discount – If you have more than one car you can check with your existing insurance company as well as some other competitors to see what type of discount they can offer you that accommodates all of your automobiles.
  • Fine print – Lastly, check the car insurance policies, discount, and offers that makes them outstanding without paying a fee. Often time you get what you pay for, but just because the service is good doesn’t mean it has to be over priced.

Also if you’re looking to replace some things in your car or add some sweet accessories (I love my GPS) you can find the most popular car gadgets right here!

Sexy but Affordable!

Even if you have a bad driving record there are companies that will still cover you. The price might be higher in the beginning but as you maintain a good driving record your car insurance should get cheaper over time.

And if you’re looking to repair or replace something car related before talking to the insurance company, you can search your make, model, and year right here to get a price quote on products.