Term life is the simplest and least expensive type of policy. It's pure insurance with no cash value account. A term life policy has only one function: to pay a specific lump sum to whoever you've designated, upon a specific event - - your death. The death benefit and the policy limit are the same - - a $200,000 policy pays a $200,000 death benefit. The policy protects your family by providing money they can invest to replace your salary, as well as to cover final expenses incurred by your death.
Other types of life insurance provide both a death benefit and a cash value account. Their premiums are larger than term life premiums, because they fund the savings account in addition to buying insurance. These policies are often referred to as cash value policies. They include:
Whole Life
Variable Life
Universal Life
Universal Variable Life
Tuesday, December 11, 2007
Travel Insurance information
The first thing one thinks about when it comes to travel is usually a vacation. A vacation is a time for you to relax and forget about your worries and troubles. During this supposed trouble free event, things can, and do go wrong. Ultimately, it doesn't matter your reason for traveling. Travel insurance will provide peace of mind and protection, which will save you time and heartache in the future. There is a wide variety of coverages and policies for your needs. The most common, well known are flight life insurance, travel accident insurance, trip cancellation/interruption insurance, travel health insurance, lost baggage insurance, and car rental insurance/waivers.
Some of the common things that travel insurance covers:
-medical expenses (including dental)
-overseas medical expenses (including dental)
-cancellation and lost deposit expenses
-loss of luggage
-loss of travel documents
-death
-burial and transport expenses
-liability coverage if you cause property damage, injury or death to another
-weather
-various delays
Travel insurance will provide peace of mind and protection, which will save you time and heartache in the future.
Most companies will offer coverage that will last the duration of a single trip, multi-trips, and even cover your car rental.
If you are going to travel with or include the following in your traveling agenda, then some form of travel insurance is necessary:
-Renting a car
-Driving an automobile in a foreign country (other than Canada)
-Renting/usage of a boat or personal watercraft
-Uninsured homeowners or renters
-Studying abroad
-Extended overseas trips
-Severe or chronic illness
-Non-refundable vacation packages
-Traveling with fine arts, jewelry, collectibles or special equipment
Some of the common things that travel insurance covers:
-medical expenses (including dental)
-overseas medical expenses (including dental)
-cancellation and lost deposit expenses
-loss of luggage
-loss of travel documents
-death
-burial and transport expenses
-liability coverage if you cause property damage, injury or death to another
-weather
-various delays
Travel insurance will provide peace of mind and protection, which will save you time and heartache in the future.
Most companies will offer coverage that will last the duration of a single trip, multi-trips, and even cover your car rental.
If you are going to travel with or include the following in your traveling agenda, then some form of travel insurance is necessary:
-Renting a car
-Driving an automobile in a foreign country (other than Canada)
-Renting/usage of a boat or personal watercraft
-Uninsured homeowners or renters
-Studying abroad
-Extended overseas trips
-Severe or chronic illness
-Non-refundable vacation packages
-Traveling with fine arts, jewelry, collectibles or special equipment
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