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DeniseM
| Favorite team: | Florida State  |
| Location: | US |
| Biography: | Manager of public relations and marketing communications for AccuQuote. |
| Interests: | Finance and Insurance |
| Occupation: | Manager |
| Number of Posts: | 16 |
| Registered on: | 12/30/2009 |
| Online Status: |
Recent Posts
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re: Picking a Life Insurance Company
Posted by DeniseM on 1/14/11 at 7:17 am to Bayou Tiger
(No Message)
1
re: Picking a Life Insurance Company
Posted by DeniseM on 1/5/11 at 2:48 am to Bayou Tiger
Your concerns are totally valid and thats why insurance seekers are advised to thoroughly research the background of the company they plan to buy their life insurance plan from.
There are certain Dos and Don'ts of selecting a life insurance company. First, you must evaluate its financial standing or solidity because like you said, the company should be around years later to honor its claims.
You should also consider the rating of a company as well as the market ethics it practices. Another check you can run is to see whether there are any complaints pending against it. The national claims database is a good place to find any complaint information regarding a company.
I would recommend that you find Life Insurance Quotes on an online agency like Accuquote.com because it would also provide you valuable information regarding the financial standing and ratings of the companies quoted.
Denise
There are certain Dos and Don'ts of selecting a life insurance company. First, you must evaluate its financial standing or solidity because like you said, the company should be around years later to honor its claims.
You should also consider the rating of a company as well as the market ethics it practices. Another check you can run is to see whether there are any complaints pending against it. The national claims database is a good place to find any complaint information regarding a company.
I would recommend that you find Life Insurance Quotes on an online agency like Accuquote.com because it would also provide you valuable information regarding the financial standing and ratings of the companies quoted.
Denise
Because of the many health complications, that alcoholism is known to cause, life insurance companies are not very accommodating when it comes to giving even recovered alcoholics a policy. However, there are some life insurance companies that look more favorably on cases of recovering alcoholics than others. The best way to identify these life insurance companies is by searching for quotes online. Since online quote providers have hundreds of life insurance carriers on their database, they are able to reach out better to the ones who will insure you at lower rates. You also stand a better chance than most because of your 6 year alcohol-free record. You will most likely be asked for your doctor’s opinion on the success of your alcoholism recovery program, as well as for medical reports. You should consider a term life policy because premiums will be more affordable than whole life premiums.
Denise at AccuQuote
Disclaimer: I work for AccuQuote and this is my personal opinion.
Denise at AccuQuote
Disclaimer: I work for AccuQuote and this is my personal opinion.
re: Difference between, Whole, Term, Variable and Universal Life Insu
Posted by DeniseM on 3/17/10 at 9:09 am to Alan Chavez
There are two basic life insurance classifications – whole and term. While whole life insurance is lifetime insurance, it always has an investment component attached to it, because of which premiums can be high. On the other hand, term life insurance covers you for a pre-determined period of time. Since it does not have a cash value linked to it, it is very affordable. Variable and universal are sub types of whole life insurance. Life insurance is a very personal purchase based on individual criteria. While whole life may be just right for your neighbor, term life may really be what is right for you. It is difficult to help you without understanding your requirements. I suggest that you read through informative resources such as Life insurance 101 to understand the subject of life insurance better.
Denise at AccuQuote
Disclaimer: I work for AccuQuote and this is my personal opinion.
Denise at AccuQuote
Disclaimer: I work for AccuQuote and this is my personal opinion.
Your decision to buy 25 yrs term life insurance is perfect considering the fact that your current age is 35 years. By then it is likely that you would have seen all your financial obligations through, and your need for life insurance would possibly be minimal, or totally negated.
The best way to get the most affordable insurance plan is to shop around and receive quotes. The Internet is the best place to shop for term life insurance quotes. Just make sure you are on a BBB accredited website. Online insurance agencies deal with hundreds of companies, and are therefore able to shop around for you instantly and give you quotes for policies that best match your requirements.
The best way to get the most affordable insurance plan is to shop around and receive quotes. The Internet is the best place to shop for term life insurance quotes. Just make sure you are on a BBB accredited website. Online insurance agencies deal with hundreds of companies, and are therefore able to shop around for you instantly and give you quotes for policies that best match your requirements.
re: Life Insurance
Posted by DeniseM on 3/2/10 at 8:07 am to Alan Chavez
Convertible term life insurance makes more sense than a permanent one. The premium difference is minimal and the flexibility to convert term life in to permanent life insurance is always an advantage. If you expect to have no financial obligations at the end of the term, then opt for a convertible policy. On the other hand, if you will still have outstanding loans and mortgages, kids educations to pay for, or some other major financial obligations, then stick with term life insurance by buying a policy with a renewability option. The choice is entirely dependant on your individual financial needs.
Denise at AccuQuote
Disclaimer: I work for AccuQuote and this is my personal opinion.
Denise at AccuQuote
Disclaimer: I work for AccuQuote and this is my personal opinion.
Yes, you do need the extra coverage. The policy you have through your employer will lapse when you retire, or in the event that you lose your job, or change jobs. Since life insurance premiums are to a large extent based on your age and health conditions, buying life insurance at a later date under the above circumstances may not get you the best deals. So rather than canceling your policy, you should simply change the beneficiary. Have your ex-wife’s name removed, and include your daughter’s name instead. It is a simple process and the agent or company that sold you the policy will be able to take care of it. While you are at it, you should also assess if you are insured for the right amount. Use an online life insurance needs calculator to assess just how much you need based on your current financial status.
Denise at AccuQuote
Disclaimer: I work for AccuQuote and this is my personal opinion.
Denise at AccuQuote
Disclaimer: I work for AccuQuote and this is my personal opinion.
re: Life Insurance
Posted by DeniseM on 2/17/10 at 6:21 am to loUiSiAnaDAD
This is a very relevant topic, and much required. Too often, the scramble for cheap life insurance diverts us from other very important factors – how stable the company is and how good its ratings are. Look for ratings of A or higher, and make sure the company has been rated by a reputed rating agency such as Standard and Poor, Fitch, and Weiss. Actually when you check for free life insurance quotes online, a reputed website will also be able to provide current ratings of the life insurance companies associated with your quotes.
Like you pointed out, the fine print needs to be read carefully. Also explore the free riders on your policy. They may help you get a better deal.
Denise at AccuQuote
Disclaimer: I work for AccuQuote and this is my personal opinion.
Like you pointed out, the fine print needs to be read carefully. Also explore the free riders on your policy. They may help you get a better deal.
Denise at AccuQuote
Disclaimer: I work for AccuQuote and this is my personal opinion.
bayoudude.. A good place to start looking for life insurance are the free insurance quote websites. They will run your details through hundreds of life insurance companies and help you find the best policy for your requirement. There are some excellent resources on term life insurance. You may want to use the life Insurance Needs calculator and free insurance quote service.
Denise at AccuQuote
Disclaimer: I work for AccuQuote and this is my personal opinion.
Denise at AccuQuote
Disclaimer: I work for AccuQuote and this is my personal opinion.
re: Best Company for Life Insurance
Posted by DeniseM on 1/28/10 at 2:54 am to lsutigers11
Shop online from life insurance agencies that offer you free life insurance quotes. You will not only get the best deals, but also be able to get life insurance quotes from the most reputed life insurance companies. However, you must make sure that the website is accredited by the Better Business Bureau. A good life insurance agency should be able to furnish financial information and track records of the life insurance carriers on its database. It should also provide you with their ratings. Look for ratings of A or higher (the highest being A++). A good life insurance carrier should carry a rating from reputed rating companies like A.M, Moody’s, Finch or Standard and Poor, etc. Make sure that these ratings are current and have been updated recently.
Denise at AccuQuote
Disclaimer: I work for AccuQuote and this is my personal opinion.
Denise at AccuQuote
Disclaimer: I work for AccuQuote and this is my personal opinion.
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