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Term Life Insurance - Worth a Thought: Loan Insurance US

Monday, June 30, 2014

Term Life Insurance: Don't Rush to Buy

When did you fall sick last, requiring you to see a doctor and have a few tests? Before you could heave a sigh of relief and say gratefully, “Thank God, I am safe! ” you must have noticed you have gone through a world of worries. Those worries had both centers and sub-centers, each dominating reciprocally the other. 

You were primarily worried about your health and then at the sub-center there were your 27 years old sweet homemaker wife Jane and 7 years old daughter Susie. Your worries made years of hours. Your worries lost themselves out to each other, each looming larger than the other. You kept yourself asking: What will happen to Susie and Jane after me? You kept yourself questioning: What have I done all these years?  

Life is like that. Maybe, you could not manage a savings check till today. And you worry what if anything befalls soon! You cannot get a million dollars in a year or two, can you? Then you remember Jacob, your friend in the insurance company. You just shrugged off his advice for a term life policy months ago. Maybe it is time you call him back. 

Don’t just hare it!

It is not that your Jacob is the last hope for you. So talk tea to him. Don’t rush to say, “Hey Jacob, sorry I refused you. Get me a life insurance policy opened.” By saying so you make four mistakes.

One) You forget you leave it for Jacob to decide for Susie and Jane.

Two) You remain in the darkness as regards what you do or Susie or Jane benefits.

Three) You again do not give a fig care to your hard-earned money.

Four) You are not aware that Jacob will have a pocketful for your policy.

So what should you do? – Deal with Jacob the insurer, not Jacob the friend. (No doubt friends are the best gems of life, though. Surely, Jacob will not do you any harm. But you should know what you do. ) Ask for his guidance both as a friend and insurer. Better, you have some knowledge before you buy what Jacob sells. If you are for a term life (if your life situation is like above, it is for you), you should have some basic knowledge about it. 

Here are the answers to the questions you should know about term lifeinsurance:

What is a term insurance policy?
You fear that your spouse, son or daughter’s future will be vulnerable in case of your leaving them at your current situation. You calculate that they could be safe if a certain period of time is gone. (For example, your son will have completed his education in 15 years.) That is to say you fear of a vulnerable period for your cared ones. You estimate that they could survive without you if they could get a certain amount of money should anything occur to you within that time. Now you look for an insurance policy that suits you.  The policy you need is a term policy. Usually term life insurance covers from one single year to 30 years in the most. Some companies are also offering customized term coverage.

What are its types?
Term life insurance has two types: level and renewable. With the level, your premiums remain unchanged during the whole term. If it is $60 a month, it will remain so till the end of the term. But with renewable it changes every year. The change is, of course, toward the increase point.

What do they mean when they say they offer guaranteed benefits for their term policy? 
You should not be carried away by advertisements. The benefits are to be validated. Guarantees work only when they get validated as par the contract made between you and your insurer. 

What is a rider? 
A rider is an add-on or extension to a policy. It may be metaphorically said that it is like getting an extra tyre to your newly bought Sedan. However, there is a difference. When Sedan offers it for free, your policy does not do so. It sells it to you as a product. So a rider is an add-on to an original insurance plan. Insurers offer different riders for their customers to choose from according to their requirement.
It is optional for you to accept a rider or refuse it.

What are the usual riders?

Riders vary with products and companies. However, the following ones are the commonest:

a) Death Benefit Rider

b) Accident Benefit Rider

c) Permanent Disability Rider

d) Terminal Illness Rider

e) Renewal Provision Rider

f) Spousal Insurance Rider

g) Child  Rider

h) Premium Waiver Rider

i) Income Benefit Rider

What does term insurance cover? 
Despite the generally popular notion that term insurance covers only death, insurance companies are offering:
a) Mortgage coverage
b) Education coverage
c) Supplemental income coverage

How much do my beneficiaries get if I die within the term?

Insurance company ads claim that they give the beneficiaries the full amount you insured them for. This is only the part truth. The fact is that to get them the full amount you have to pay premiums up to a certain time regularly and in time. Also your death must meet the conditions referred to in your policy. Certain causes are accepted and certain causes are not. For example, in case of your committing suicide, the beneficiaries will get nothing.

Why is it said that term life has no cash value?
Your insurance company does not owe anything to you if you die beyond the term or fail to meet the criteria or terms and conditions of the policy. Once your term is over with you living, you or nominee get nothing. This is why term life is a no cash value policy.

What are the pros and cons of term life insurance?
Check out the list:

a) Safeguards your dear ones. 
b) As low as $15 premiums. (However, this depends on several factors like your age, insurance coverage, tobacco habit, health conditions etc.)

c) Customized plans.

d) Affordable even in tightest budgets.

e) Switchable to permanent or whole life insurance (not always, though)


a) No cash value

b) Certain health conditions prevent you from getting the policy.

c) Specific term can only be converted to permanent life insurance upon certain conditions.

How should I know if I need term life insurance or not?

 You should consider term life insurance if:

a) You have been a poor saver.

b) Your son/daughter/wife will be in financial trouble in your absence (If you have a family.)

What is your advice for term life insurance?

Insurance agents are smart people. They come to you well-equipped. So it is easy for you to get easily motivated to rush for the policy they suggest. I would suggest the following tips for you:
a) Make sure you shop enough around and have the highest coverage for the lowest premiums
b) Make sure you can convert your policy from term to perm
c) Make sure your policy has add-ons.

d) Make sure they have the right add-on for you

e) Make sure you have read between the lines of the terms and conditions
f) Make sure that the company you insure with is well-established
g) Make sure you have read and understood all the terms the company uses in the policy papers.

h) Different companies sell the same product in different names. They differ only on certain points. It is always good to understand them. 

Image Credit Goes To:cheapertermlifeinsurance.com

Recommended Reading: Whole Life Insurance- Types, Pros and Cons

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Getting Debt Consolidation Loans With Bad Credit: A Superior Solution To Financial Crises?

Saturday, June 28, 2014

The impact of a slow cash flow can be highly destructive, leaving debtors in facing serious financial crises. It is not so much a payment or two is missed, but the late payment fees that stack up make catching up very difficult. At a certain stage, a solution needs to be found, and a debt consolidation loan, with bad credit pushed aside, can be the perfect one.

We say that poor credit scores are pushed aside, it is not because they are completely ignored, but because their significance is not enough to have an application turned down. However, securing large loan approval is far from easy when credit scores are low, making consolidation a more practical option than a large personal loan.

There is a variety of advantages that a debt consolidation loan has over other loan types. And if the right terms and conditions can be secured, it can provide the perfect solution to a financial crisis.

Consolidation: The Ideal Solution

It can seem counterproductive to take on a large loan when already struggling to clear existing ones, but it must be understood consolidation does not simply mean getting another loan. It actually means completely restructuring debts to ensure a more manageable repayment schedule is adopted.

Of course, getting a debt consolidation loan with bad credit does not have quite the same hurdles that other loans might. It is, after all, designed to aid those already in financial hot water. So, while securing large loan approval might be difficult normally, the fact consolidation is the purpose of this loan makes it more accessible.

The key advantage of a debt consolidation loan is that all existing debts are cleared, and replaced by a single debt. When 5 or more loans are involved, it makes debt management easier, reduces the risk of missed repayments, and ultimately lowers the overall cost of the debt.

Consolidation: Source Options

Applying for a debt consolidation loan with bad credit comes with no kind of guarantee, though the chances of approval are very high if conditions are satisfied. However, consolidation is provided through two different sources, and the right one depends greatly on your particular financial situation.

The first option is an independent lender, whether a traditional bank or a private lending firm. These involve an application process, with an application completed and submitted. But even after securing large loan approval, how the funds are used is left to the borrower.

The second option is to use a professional debt consolidation company, which does not actually provide a debt consolidation loan but effectively takes over your finances. The company will buy out all of your debts then take payments from your account as reimbursement. The service can be very strict, but it ensures discipline.

Consolidation: Source Decision

So, how can the right source option be decided upon? Well, as mentioned, it comes down to the extent of your financial crisis. In many cases, simply buying out the existing debt and replacing it with a single loan is the move that is needed. And with the chances of getting a debt consolidation loan with bad credit so high, is the most common.

But this is really only a practical option when the debt is not too high and the practical aspect of buying debts out is pretty straightforward. In more complicated situations, with debts of $75,000 or more, a consolidation company is best.

Securing large loan approval independently is very difficult in this case, but a company can more effectively negotiate terms for a buyout and then offer a rigid repayment program, thus ensuring a more effective result than just getting a debt consolidation loan could produce.

How Bankruptcy Can Help Your Financial Troubles

Wednesday, June 25, 2014

When you are in a bad financial situation, you could feel afraid and unaware of where to get help to try to get your financial life back on track. However, there is certainly hope for those looking for ways to their head above water. Filing for a bankruptcy in Akron is achievable and will help you start anew. It is true that bankruptcy is not something to take lightly, but it is not a horrible process. Many individuals worry because bankruptcy will stay on their credit for up to 8 years, but chances are, your credit is already bad and it usually takes that long just to fix it if you continue to only make the minimum payments on your debt. That's when bankruptcy can be a wise decision.

There are several different forms of bankruptcy. You will need to apply for the bankruptcy process that will fit your situation, so it's imperative that you hire an attorney who can advise you of the right steps to take and guide you through them, too. Filing for bankruptcy is a big deal with many things to consider and understand. If you would like to go about filing for bankruptcy the right way, don't be afraid to ask for help from a professional. When it comes to bankruptcy, you will need to know your state laws and how that will affect your application. Additionally, you will need a list of the money you owe, assets and exemptions. There will be fees that are connected to filing for bankruptcy. A legal professional can advise you about the fees you've got to cover when filing for bankruptcy.

That's why sitting down with someone who can represent you legally a very good idea when it comes to filing for Akron bankruptcy. Going at it alone can be quite a big chore. The laws can be daunting and confusing, and you don't want to miss something important that will cause the court to deny your application. A bankruptcy professional is skilled in filing for bankruptcy and can explain to you everything you need to know as well as all that you will need to file for. They will discuss the different options as well as benefits and drawbacks to filing.

The most significant benefit of filing for bankruptcy is that most of your debt will be cleared and you will be permitted to begin anew. The collection agencies will cease calling and you can finally get some peace. But the moment you file for bankruptcy, you must stay on the right track and avoid going down the same path you followed that caused your previous debt. After some time, you will be able to correct your credit, but it's a great idea to note that people who file for bankruptcy are at risk for needing to file for it again. This occurs because they fall back into their old undesirable habits, and they don't bother to get credit counseling help after filing the first time. It's essential to seek credit counseling following your bankruptcy so that you can move forward, instead of running into the same issues on your own.

If you feel filing for bankruptcy will be right for you, contact legal representation in Akron to help you through all of the necessary steps. While bankruptcy isn't something that anyone should take lightly, obtaining the help you need to get you through it will be very beneficial.
At zero cost for you, the Rubenstein Law Firm offers a consultation with an experienced

Insurance Marketing: Take Your Bio From Stale To Stellar

Monday, June 23, 2014

How well does your professional bio showcase your abilities? Does it tell your personal brand story? Is it current and compelling?

Unfortunately, most insurance professional bios are stale and boring. They lack heart, depth and inspiration. Company profiles are often riddled with tired clich├ęs and insurance industry jargon. And the typical executive bio is no better than a resume - a bulleted list of jobs and skills that can easily be forgotten.

A descriptive and well-written business bio puts a personal face on your offering and makes insurance prospects feel more comfortable and at ease. It clearly conveys your credibility and demonstrates your success, giving your prospects faith that you can really deliver on your promises.

Professional bios are multi-talented insurance marketing pieces. They can be incorporated into insurance websites, brochures and sales sheets. They can also be used for:

  • Insurance article bylines
  • Speaking engagements
  • Professional introductions
  • Networking
  • LinkedIn and other social networking profiles

Professional bios are highly recommended for insurance executives, insurance agents and anyone else who strives to develop and market a personal brand. In fact, some innovative, service-driven insurance companies display bios for all customer-facing employees on their websites.


  • Use vivid examples of your capabilities.
  • Include objective measures of your successes.
  • Incorporate a few interesting quotes.
  • Keep the writing formal and in third person.
  • Customize your bio for each potential audience.

BIO Don'ts

  • Avoid long resume-style lists of job titles.
  • Don't write in the first person.
  • Resist the urge to be verbose. Most bios can be completed in one to two pages.

Isn't it time to tell your professional story in a way that's relevant and interesting to your target market?

How to Get Online Liability Insurance Quotes

Friday, June 20, 2014

Public liability insurances are imperative for any business venture, big or small. However, getting a public liability insurance is not as easy as 1-2-3. Owners need to determine the cost of insurance coverage for their company. There are conventional ways to do it like going to the insurance company directly or calling them one by one through phone. Yet, these ways are time-consuming. Business owners are busy people who need to attend to a lot of things. To make things easier and convenient for them, they can get online public liability insurance quotes straight from the net

In order for a business owner to get online public liability insurance quotes, they need to provide information regarding their business. The following which will be discussed are the 8 most important details needed by the insurance company. The first detail is the type of business. The next point is the incorporation of the business whether it is a sole proprietorship, partnership or, a limited company, among others. The third detail is the ratio of annual sales to the inventory.

The fourth information required are the particulars regarding any liability claims that the company had dealt with the past, if ever there are. It includes details on the case such as the situation, date of occurrence, and the cost paid. The next detail is the location of the business - whether it is in a commercial or an industrial area. It is then followed by points wherein the business will take in subsidiary organizations.

The seventh detail required to get an online quote is the information about the exact number of employees so as the agent can identify the premium. It includes the number of clerical employees, directors, and business partners. And the last, but definitely not the least point, is the preferred starting day of the policy.

After the completion of the public liability insurance online quote, the owner is expected to get a quote conformation sent directly to their e-mail address. Business owners can send information on their enterprise and get online quotes from several insurance companies. That way, they will have a chance of selecting the best insurance company that can provide their business the appropriate and most suitable public liability insurance.

Businesses and its owners should not be easily enticed to get the cheapest insurance policy: getting these types of offers are not all the time efficient as expected. Yet, expensive insurance policies are not advisable as well. It will be beneficial for them to make an online research for reviews on different online professional liability insurance quotes to get the best among the rest.

Online Car Loan for No Credit, Bad Credit or Poor Credit: Loan Insurance US

Online Loan: Is It That Easy?

If you love folktales, Mullah Nasrudin’s stories cannot have escaped your reading.  While preparing this post on online car loan, I remember one of his stories The Loan. If you have not read or heard it, here it is for you.

A friend came to Nasrudin for one thousand dinar loan for three months. Nasurdin, as usual, said, “Well, I can help you with the half.” The man was glad, “That’s fine. I will manage the half from somewhere else.”  “You cannot understand what I meant,” said Nasurudin. He continued, “I can give you the three months time, not the money.”

In today’s life, this story has not lost its appeal any bit. There are many many lending organizations out there having their doors open for you. You enter them with a happy mood only to return unhappy. They are not the ads that they publish! Despite economists being critical that we are turning into a borrower’s nation because of easy access to loans, the fact remains grim for the borrowers.

Whatever the economists say, it is true you need loans. And you need them because you (really) need them. You need still easier accesses. You need more outlets. It is happy news that newer outlets are there with easier accesses. Online lender are a great option for you then. They are especially helpful when you need larger loan like car loans.

They are hassle-free. They are prompt.  As a result, more people are turning to them these days. There are questions as regards the way they work. Here are some answers ready for you.

Is it really possible to get an auto loan while I have poor credit score?

When you have a credit score anyplace below 640, you are a bad or poor credit scorer. Perhaps you have not paid your installments or/and bills regularly or have simply gone bankrupt. Financially traditionally, you little deserve lender’s trust. However, new market policies are out there to stand by you.For people like you having hard times, there are different way-outs.Online marketplaces are gaining ground nowadays. You have many online lenders ready to lend you irrespective of how your credit card is or if you are able to make a down or not. 

Is credit score necessary?
When it comes to loan, credit cards are necessary. However, you will find places who say they do not look at your credit score. It is good to remember that a 600+ score usually stands you in a stead.
What kind of loan do they provide me?
Lenders are businesspeople. They cannot just lend anyone for nothing, can they? Nor is it in line with business ethics, too. They need some kind of guarantee from your side so they do not go bankrupt into streets. As such, the choice for them is secured loan. Your possessions like your home (equity) or the old car may be the collateral or security for them. 

Do they not provide unsecure loans?
There are thousands of ads on the internet promising car loans to literally ‘anyone’. If you research (unpaid) consumers, you will  just get disappointed. However, a co-signer with a good credit score, a permanent employment, living in a residential area for years may be helpful to get one. 

Feeling frustrated? Read on....
Even if you have no collateral or co-singer or are not able to make a down, you may find these lenders (a list is given below) working for you. A regular job with ability to pay monthly installments is all they often rely on. So, no worries!

Do they provide loan both for new and used cars?
You have both options put forth for you. 
What do I require for getting bad credit loan?

a) US citizenship/legal resident status certificate 
b) Proof of age above 18
c) Proof of employment 

d) Employment details
e) Gross monthly income not below $1500 (variable with lenders)
f) Proof of residence

g) Personal info
h) Social security number (if applicable)
i) Your credit score
j) Collateral 
k) An active checking account

Do I need to make a down payment?
You may as well as may not. Some lenders will like you to pay 10% of the cost, some may ask you to pay a certain amount like $20000. There are some lenders who agree on no-down as well. So you need to research a bit.

How long can it take for me to have my new car then?
You may have to wait two workdays at the average latest.

What would be your advice for my online credit?
a) Visit as many sites as you can
b) Make sure your personal information is secure with the
(the website is SSL-encrypted)
c) The lender has a telephone number
d) Make sure you have searched scam in the name of the site you are contacting
e) Read the loan terms carefully again, again and again.
f) Remember, you are going to have to pay high interest on such loans. So be careful about its impact on your daily life.
g) Do remember that these loans are no way good for new or high-priced cars. 
Who are the marketers for me?
There are pretty many. Here is a list of 10 only for making your shopping easy. Simply click on the logos and enter to sign up for a loan.










Image Credit Goes To: driversapproved.com

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