Insurance Information

by Michael Challiner

Are you a smoker? Have you ever tried to give up the habit? The chances are that you have, but like any addiction it can be (and usually is) extremely difficult to stop, and even attempts to cut down rarely last very long. Part of the problem is that smoking can be very enjoyable, but only too often something can turn up which will instantly remove the enjoyment. Unfortunately that 'something' will very often be loss of health.

The insurance industry is well aware of this fact, so not surprisingly they try to ensure that they do not lose money by covering high risk customers at low risk rates. At the same time non-smoking customers for life insurance have been piling on the pressure in their search for lower premiums. This is where the internet comes into the picture.

It used to be the case that at best, anyone looking for competitive quotations for life insurance had to be prepared to spend a lot of time searching adverts and telephone directories for likely companies. They also had to be prepared to spend a lot of time on the telephone collecting information, and then to settle down to long and careful comparisons, covering bits of paper in confusing and often indecipherable notes.

But all that has changed. Now all they have to do is go online and check out as many companies as they wish. They will find information which is very carefully presented for maximum clarity, because a confused enquirer is highly unlikely to become a customer. It is now so easy to reach a decision that a 'price war' has developed and some very competitive quotations are available. This competition has however had an inevitable effect in that insurance companies have had to tighten up their procedures or risk losing money on the narrower margins.

So they have hit the obvious target - smokers. Whilst the life insurance premiums for non-smokers have been steadily reducing, smoker's premiums have moved away in the opposite direction. This has resulted in rates for smokers which are 100% or more above standard rates and still climbing. This, on top of the cost of the cigarettes (currently estimated to be approaching £100,000 in a lifetime and still climbing) means that anyone who still smokes must be very determined not to curtail their enjoyment.

Critical illness insurance is another policy which many people take out, to provide financial security for their families in the event of loss of income due to lengthy illness. It is reasonably self-evident that this too will be a great deal more expensive for smokers, simply due to their greater propensity for such illnesses as a result of their addiction.

So do you dig your heels in and continue to enjoy smoking, or do you give way to the financial pressure (not to mention the widespread anti-smoker climate) and give up the habit. The sad news is that even if you grit your teeth and stop smoking, as far as the insurance companies are concerned you are not out of the woods (or the Woodbines) for at least 12 months or maybe much longer. Some may require complete cessation for at least five years - contact your intended insurers after 12 months completely smoking free and see how the premiums look now. A considerable cost reduction should be evident.

Some folks cheat themselves and their friends by claiming to have stopped smoking when they are still sneaking the odd one in dark corners. This is up to the individual, but don't try it with your insurers; it would not be difficult for a relatively low-key enquiry to expose the lie and your cover (in both meanings of the word!) would be blown. All the effort, the subterfuge, the self-deceiving would have been wasted. You would not be insured.

Right, you have made the praiseworthy and not inconsiderable effort and you are now a non-smoker. You can feel some justifiable pride as you tick the 'NO' box on a form with a smoking query. Now take advantage of your position, get on the internet and shop around for insurance quotes. You may be pleasantly surprised by some of the offers which you get, but don't let your euphoria get the better of you. A move too soon, before everything has been confirmed, could leave you with a cancelled policy with your old company and an oversight leading to rejection by your new company; result no cover. Check the details carefully, finalise all the figures and then change to your new insurer.

Finally, don't let those savings in expenditure just melt away. Add the money saved on cigarette purchases to the money saved on reduced premiums and invest it, and just watch that total climb!

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by Michael Challiner

Britons are drinking too much, shout the headlines. Out of those who live in Great Britain, two thirds say they drink to excess at least once a week and almost a quarter hurt themselves while they are intoxicated. This is according to a report by the Drink Aware Trust and the British Chiropractic Association.

But binge drinking is not just a health issue, but a financial one as well. It hits you not just in the pocket through the excess weekly spending on alcohol, but it can drive up the cost of your Life Insurance premiums too.

Talk to the Association of British Insurers and they will tell you that in fact yes, years and years of heavy drinking will be taken into account when calculating your premiums on your life insurance policy. On the Life Insurance application form a questions asks about your alcohol and tobacco consumption. And as with all sorts of insurance products, the underwriting is done at the point of your application.

You might think you can get away with not declaring the fact that you have been drinking excessively for a certain period of time. After all, no one is really going to know when you die right? And of course, you plan to cut down your alcohol consumption in the years to come. Yet a spokesperson for the Association of British Insurers says that it is best to tell the truth. If you die, the medical experts can often tell from the post mortem examination if you are someone who has been drinking for a time frame that extends back before you made your life insurance application. They can refuse to pay out if you did not reveal the truth about your drinking at the time. The spokesperson says: "The point here, as with any deliberate non disclosure, is there is a strong chance that if you do put down something that is not accurate on your application form and if you do have to claim on that policy, the insurance company may say that your policy was rendered invalid because you deliberately failed to disclose something."

However, if you develop an alcohol problem after you have made an application for Life Insurance you are most certainly entitled to a policy payment. He adds: "Your death might be related to some sort of alcohol consumption issue, in which case the policy will pay out. It is only things that are such at the time that you apply that are taken into account."

Most insurance firms ask you to disclose your average weekly consumption of alcohol, asking how many units of alcohol you consume each week. But this does depend on the individual company. Most look at the NHS guidelines with respect to deciding what is a normal and safe level of alcohol to consume and what is considered to be potentially dangerous. The firm will weight their premiums accordingly. Direct Line insurance company charges a 30-year old who does not drink monthly Life Insurance premiums of £14.88. For someone who does drink the payment is £15.37. Over the years, this can make quite a difference.

A spokesperson for the ABI says alcohol consumption is one of a number of factors insurers will look at when they are establishing whether or not to take on an insurance risk and what the level of premiums for that person will be.

"From a public health perspective, there will be medical practitioners within insurance companies who will have concerns about this issue," he says. But he goes on to add: "The insurance companies must look at that factor dispassionately as they do with all of the other factors that they look at when they are calculating premiums."

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by Michael Challiner

We're all too used to hearing about rising prices. But there's one thing that now costs less than ever - good life insurance! Intrigued? Read on ...

No-one likes to think about the worst that could happen. But proper life insurance cover could protect your family, providing them with the means to cope financially should you pass on. Life insurance cover is divided into three main types. Here is our jargon-busting guide to de-mystifying what they are, and what they mean:

· First we have the level term policy. This pays a one-off cash payment when you die. The amount is agreed when you take out the policy and does not change. · An increasing term policy is also known as indexed insurance and the amount paid out changes with inflation. Some policies of this type may have premiums that rise with inflation too, but some do not. · Lastly a decreasing term policy pays out an amount on death that decreases through time, getting smaller as the policy progresses. A long-lived customer may even outlive the point where the policy pays anything at all.

These policy types often form part of loan or mortgage deals. There are benefits to each type, depending on the loan or mortgage it is being used to safeguard.

Level term policies are most usually used with interest only mortgages. This type of mortgage does not reduce the capital you borrowed with time - you only pay off the interest. When you die, the capital amount is paid off by the insurance policy payout. Whatever may happen with inflation, it does not change.

Increasing term policies cost more, but offer protection against inflation.

Decreasing term policies are usually used with repayment mortgages. In this type of mortgage the capital is paid off along with the interest, decreasing the amount you owe. This type of insurance has lower premiums than level term insurance.

Term policy payments can be settled in two ways: either as a single or "lump" sum, or as "family income benefit". This second method means that an agreed amount is paid to your family as an income for the remaining duration of the policy. The method you use affects the cost of the premium you will have to pay. If you consider that the longer a policy holder lives, the fewer family income payments an insurance company will have to make, you can see why this type is cheaper.

So far, we have only discussed insurance for mortgages and loan payments. These are both useful, but there are other things you can do to ensure peace of mind.

A typical, average family, it is estimated, will need insurance for both parents worth at least £150,000 in insurance for each child, in addition to any death-in-service benefits you may expect ( these usually come with your employment). Taking the option of family income benefit, it's recommended that you should allow for an income of £20,000 to £25,000 a year for each child.

There is another alternative form of life insurance. It pays out a guaranteed sum on the death of the policy holder (the sum assured), and is known as whole of life. The terms for this type of insurance vary.

You can also buy life insurance bundled with your pension fund. This gives you the opportunity of getting tax relief on the premiums you pay. A higher rate tax payer can get £100 worth of life insurance for only £60, which makes this an attractive method to some. On the downside, higher administration costs for this type mean higher premiums overall, so basic tax rate payers may prefer to shop around and compare to make sure they get the best deal.

Some couples take out a joint policy covering both at once, but it's better to take out individual insurance. The reason for this is that a joint policy pays out only once, when the first partner dies, but individual policies pay out for each partner.

We've given an overview of the different policies and what might be best for you here, but for more in-depth and up-to-the-minute advice we recommend finding an Internet insurance broker. Surf onto the 'net, and into a great deal - and peace of mind for you and your family, hopefully for many years to come!

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by Craig Thornburrow

We all have people in our lives that we care deeply for, and if you want to be able to ensure that they are well off even if you were to somehow die tomorrow, then you should seriously consider setting aside some time to find your own best life insurance quotes. Taking the time to find resources and websites full of information about insurance could be one of the most important tasks you do all year and what better motivation to do so than to be able to protect your family after you are gone.

On your quest to find some of the best rate quotes, you can visit the websites of the providers themselves or various sources that are designed to compare different prices for life insurance plans which fit your family's budget. Finding a quote online will only take a few moments, but will provide tremendously important financial stability for your family in a time when they will need it most.

Discovering the perfect life insurance plan can be difficult though, as you are putting your trust in a single company to assist in the task of taking care of your family's finances after you have passed. On the brighter side though, this is why it is such a benefit to use the World Wide Web to receive the best life insurance quotes. Because of websites it is possible to compare prices and reputations every major life insurance company and policy.

With just a couple of quick questions about your life so that a company's actuaries can determine how much of a risk you are, you will be well on your way to receiving rate quotes in no time.

Life insurance provides your family with several key benefits that are necessary for most people after the demise of their loved one. To begin with, a life insurance plan will provide enough monetary support to allow your spouse and kids to stay out of debt upon your demise. When looking for life insurance quotes for a particular plan, you should make sure that your family will be able to continue to live comfortably under the money provided by the life insurance pay out until they can find a means of supporting themselves once again.

A pay out from a life insurance policy will also give your loved ones a way to pay for your funeral. As you may already know, funerals are a costly undertaking, and are increasing in cost by the day. In the time immediately following your death, your family has enough to worry about and should not have to be burdened by the overwhelming costs of a funeral ceremony.

If you want your family to be safe and secure for the future after you are gone, then it is of the utmost importance that you take some time right now and search the web for the best life insurance quotes.

About the Author:

Craig Thornburrow is an acknowledged expert in his field. You can get more free advice on life insurance and a life insurance quote at http://www.bestdeallifeinsurance.com

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by David Yuri

There are various places where you can shop for life insurance policies. The Internet is one of the best alternatives as it offers plenty of information about low-cost insurance plans and their benefits. When you are prepared to purchase a life insurance policy, experts suggest that it is wise to compare life insurance policies from several companies.

If you decide to go online and compare life insurance quotes, then you should know that there are different types of coverage for this kind of insurance policy. There is a short term life insurance and on the other hand a whole life insurance. Each has its advantages and disadvantages but the most important thing to consider is your interests. The first one is for a short period of time and has to be renewed when it expires. The whole life insurance is probably a better choice as it lasts over an indefinite period of time. You do not have to worry about renewal and many other things.

The decision to purchase a life insurance policy is extremely important and it should not be hasty. This is why it is for the best to compare life insurance plans and use a reliable website in order to do that. The monthly premium is an important factor in taking that decision and one should always look for the best offer possible. The premium should be affordable but should not be the primary factor in taking the decision to purchase a life insurance policy.

No matter the kind of life insurance plan you choose, it is vital to understand what each plan has to offer before reaching a final conclusion. Almost every type of life insurance protects the near relatives from having to pay for funeral costs or spectacular medical bills. The life insurance policy is different from the medical type in many terms and it is crucial not to mix those two.

Specialists working in the insurance business indicate that the choice to compare life insurance plans is not only wise but also efficient. There are websites that can do that task for you and you can only benefit from using their services. They do a careful comparison and provide you with the best possible rates available not to mention they can also provide you with amazing tips.

A lot of people are also worried about what medical insurance policy they should purchase. They are not very certain when it comes to what a medical insurance plan should offer and they sometimes wind up taking the wrong choices. The Internet can also help in that matter by providing a great deal of information on the subject of medical insurance and what it should contain.

Choosing the proper medical insurance policy can help you save important sums of money and not affect your financial situation. You benefit from the medical care you are in need of, you can purchase the medication required at discounted prices and you can afford to pay medical bills. It is important to know you can obtain all that just by selecting the suitable medical insurance.

When you go online to search for medical insurance details and policies, you should always choose an online resource that provides you with accurate information and compares various plans in order to help you decide.

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We make our job your problem. We are there to help you compare life insurance policies and provide you with the best solutions. Remember that we are all about serving your needs and caring for your demands. Discover the amazing advantages to choosing the perfect medical insurance by using our website.

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by David Yuri

A very rewarding profession is the one of selling life insurance policies, but in order to make it in this line of business one has to know the tricks of the trade. A good statement is that the number of people who need insurance of any sort will never decrease drastically. One of the most difficult tasks of the insurance agent is generating and transforming life insurance sales leads into actual closed deals.

Some time ago, life insurance sales leads were generated by agents through cold calls and by going door to door and trying to sell policies. These methods were not very efficient and resulted in low rates of sale and chances were to end up with a bogus lead or the lead becoming uninterested because of the inclination towards quantity rather than quality. This task had become very difficult because of the reluctance people treated uninvited salesmen with, salesmen that gave cold calls and showing up in their doorstep, therefore barging into their private lives digging for their time and money.

In recent years there have been many developments of other more friendly techniques designed to generate life insurance sales leads and to work on them. Online and offline vendors offer qualified life insurance sales leads through newer technological approaches and research methods. Such approaches are really making the job of an insurance salesman a lot easier now than it was before.

Even though these methods also tend to intrude in people's lives, they are less aggressive than the old methods of cold calls and door-to-door selling. The online and offline vendors are able to generate authentic life insurance sales leads due to their networking with search engines like Yahoo!, Google and AOL, marketing and advertising the benefits of insurance that people can enjoy, and other similar methods. The Internet provides many solutions for independent agents and insurance companies to advertise their offers through emails, pop-ups and free newsletters. It is easy to obtain any type of insurance leads over the Internet because the people who are interested in buying insurance have to fill out forms with personal details like bio-data, age, name, number of dependents, the kind of insurance they desire, what period they want to buy the insurance for and more. Leads and specific information about potential customers can be then bought by independent agents and companies with the hope of closing a deal. Obtaining leads is easy, but the actual sales however are depending entirely on the agent's marketing and sale capabilities.

There are many types of insurance available on the market. If somebody needs to go into a nursing or assisted living home for a long period of time long term care insurance is the type of insurance that suits them best. Given the fact that most people seek life and auto insurance, long term care insurance leads are a bit scarce. However, if one chooses this field to progress as an insurance agent, the money they can earn is definitely not an insignificant aspect.

Even though the field is challenging, the team from quotesauction.com has the highest closing ratio for long term care insurance leads than any other internet insurance lead provider, due to their exceptional quality control. Working with other organizations helps the generation of a steady flow of long term care insurance leads from seniors, who are also interested in life, disability and annuity leads. As an agent you should seek out people who are interested in long term care insurance online and offline. The key is to expand the number resources for long term care insurance leads and therefore gaining a higher conversion rate. All in all, there are a lot of possibilities in finding long term care insurance leads.

About the Author:

There are many ways in obtaining life insurance sales leads and long term care insurance leads and the key to being successful as an agent is to keep an open mind. Getting a large number of leads will definitely help you close some deals.

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by David Yuri

Auto insurance and life insurance are two of the most successful categories in the insurance line of business today. Life insurance policies pay a specified sum to beneficiaries if the death of the insured occurs, while auto insurance policies are used to pay for the damages suffered by vehicles in case of an accident.

As an agent, selling life insurance can be easy if you have the knowledge of where to look for potential clients. Most people who are near the age of retirement want to benefit from a good life insurance policy to protect their family in case something happens. On the other hand, there are a lot of young people also who search for life insurance and benefit from lower premiums.

Life insurance leads for agent are not hard to come by, but you have to work for them. Talking to everybody you know and also searching for potential clients in old lead lists can be very helpful in generating life insurance leads for agent. It is not the easiest thing to do and it may take a lot of time, but you might see results afterwards. Signing up with lead generation companies can get life insurance leads for agent, because they collect the information you need leaving you with the only job of calling on the lead and trying to make a sale. If you keep in mind that life insurance is something that everybody wants to have, you will see that life insurance leads for agent are plenty. If the level of coverage you offer is good, life insurance leads for agent can result also in a high number of actual closed deals.

Insurance sales leads are available for every kind of insurance. Using insurance sales leads is better than trying to contacting someone through cold calls: they may not even be interested in your services. Insurance sales leads are not easy to come by, but with the help of the technology available a large number of options are available for insurance agents in order to obtain them.

Calling or asking friends can be useful in getting some insurance sales leads, but not as efficient as using the Internet. Your site and hiring lead generation companies that have their own sites are two of the best sources of insurance sales leads available that can generate a very high number of insurance leads you can use for closing deals.

If you are using the Internet for generating insurance sales leads and selling insurance, you must understand the nature of Internet insurance shoppers and you should adjust your selling techniques accordingly. Most Internet shoppers are looking for comparing quotes in their own homes and decide who to speak to and when to speak about the coverage. You shouldn't push hard for an immediate sale, nor should you also give up if you don't reach them right away. As far as auto insurance goes, all car owners have to have at least auto liability insurance, because it is illegal to drive without one; in addition, all financed and leased vehicles must have comprehensive and collision coverage. That being said, they have to buy insurance, but they also want to compare rates. If you play your cards right and you are still there when they want to buy insurance, providing you have good rates and patience, a sell is almost a sure thing.

Very helpful follow-up software is available for you to use with us, here at quotesauction.com. The software is integrated with your entire insurance leads file in order to update prospects periodically. The system is very helpful, because agents who have used it have reported sales of twice as many insurance policies than the ones who don't use it.

About the Author:

Life insurance leads for agent are very useful because they do most of the job with finding prospects and leave the agents with marketing and selling the insurance. Using a follow-up system can turn insurance sales leads that you couldn't reach in the past into actual sales.

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by Tarun

Life insurance guarantees the financial security of your family and near & dear ones, no matter what happens. Life insurance helps in:

* Paying off any final expenses or personal debts (credit cards, car loans or a mortgage) * Compensating the loss of your earnings for your dependents.

* Contributing to the future education of your children * Protecting your estate by helping to pay the taxes due on an estate upon death * Leaving a legacy to your preferred charitable trust.

Who needs Life Insurance? The association of life insurance has always been with major life events like marriage, purchasing a house, or having kids. However, if these aren't associated with you, then try answering these questions. If YES is the answer to any of them, you'll want to consider life insurance:

* Is anyone financially dependent on you? Whether it's your other half, kids, grandchild, parents or dependent adult, life insurance will help them in protecting their financial well being in case any mishap. * Do you have a mortgage, or are you on any other debts? If yes, a life insurance policy can help you take care of these outstanding bills along with any other expenses, like legal fees and taxes, and medical expenses. * Are you the owner of any business? o For sole proprietors, you're liable for the debts your business owes. Not having enough life insurance to cover these debts, may cost your personal assets to be liquidated to pay them off, possibly leaving little or nothing left for your dependents. o If you're in a partnership, and the other partner is the beneficiary of the life insurance policy then the surviving owner has the cash easily available to buy out your portion of the partnership from the estate. * Do you want to leave a legacy? Life insurance policies can be used to leave money to your favorite charitable trust.

What's the cost of life insurance? There's nothing like a standard cost for the insurance policy. Insurance professionals closely review various factors like your age, gender, whether you're a smoker, and your past and current health record and family history before they come up with a final insurance rate. Then all these are balanced with the amount and type of policy that you're applying for.

Do you know the different types of life insurance available ?

There are two main categories of life insurance:

Level life insurance or term life insurance &

Decreasing life insurance or mortgage life insurance.

Level life insurance, as the name itself says, is a level cover that stays constant during the full term of the insurance and a level lump sum pay out would occur after death. The sum assured is decided from the beginning of the policy.

Decreasing life insurance is used most often to cover a mortgage and works exactly the same as level life insurance, however the sum assured decreases over the term of the policy. This is ideal to cover a mortgage or decrease any debts that maybe paid off over a period of time.

In this era of Internet, life insurance is more accessible than ever. The instant online insurance quotes offered by the best online brokerages avoid any hard sell tactics the industry was associated with in the past.

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by Craig Thornburrow

Are you in the market for an insurance policy? If so, you can take advantage of accessing online a free life insurance quote. Here is some information which can help you find the best insurance for you and your family.

A whole life policy covers you for life, not just for a specific period of time as in the case of term life insurance. While the death benefit and premium will remain the same, whole life builds cash value. Not only is the cash value tax-deferred until you withdraw it, but you can borrow against it. In addition, your premiums are invested in stocks and bonds which generate additional cash value. You also have the right to borrow against the cash which has accumulated for whatever reason you choose. Perhaps you need to make a large purchase, or cover unexpected expenses; if so, this insurance will suit your every need.

When taking a look at the free life insurance quote for a whole life insurance policy, you will notice the premiums may seem a bit higher than you would normally pay. However, they will be smaller than the premiums you would eventually pay if you were to renew a term life policy. Whole life is suitable for long-term expenses, such as your surviving spouse's needs; which can include income; paying for your burial; or other expenses which may not have been anticipated. After all, good protection for your family and your assets is essential. As you know, insurance rates and coverage are different from state to state, and therefore it will be necessary for you to obtain a free life insurance quote by researching the various companies online, or calling your insurance representatives directly. While there are other less permanent types of insurance available, the benefits of a whole policy are invaluable to you and your family. You are guaranteed a minimum rate of return on the cash value. You also have more flexibility with your policy in terms of increasing your death benefit without raising your premiums. You can even purchase the entire policy outright, depending upon whether or not you have a large cash sum on hand.

Accessing a free life insurance quote can be an important step in deciding which insurance company will afford you the best policy available. Remember, your premium will remain constant during the time you are covered unless you choose otherwise. In addition, unless you make a change to your policy, you have lifelong coverage with no future medical exams. Whole life insurance is not only a wise choice, but provides relief in knowing you have provided for your family in any eventuality.

About the Author:
Craig Thornburrow is an acknowledged expert in his field. You can get more free advice on life insurance and whole life insurance at http://www.bestdeallifeinsurance.com

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