Home Insurance Guide - Secure Your Home With Home Insurance

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Home insurance refers to an insurance policy that is a combination of personal insurance protections. Home insurance policy protect against certain accidents that can happen at the home. It is also known as homeowners insurance. Home is a largest investment for all thats why home insurance policy is essential to protect your home. Home insurance policies generally provide coverage against theft, fire, lightening, smoke, frozen pipes, ice and snow.

Cost of home insurance depends on the cost that is required to replace the house. It is a contract including all items that should be covered or not. Home insurance policy normally doesn’t include claims against earthquakes, floods, war or ‘Acts of God’. Sometimes homeowners can purchase special insurance that provide protection against flood and earthquake.

Home insurance policy is a contract that works for a limited period of time. Insured party has to pay an amount of premium to the insurer for each term. Sometimes insurer charges a lower premium. Another type of home insurance is perpetual insurance that is not fixed for a fixed term and can be acquired in some areas.

Buyers should read all contents of the policy at the time of purchase. They should maintain a list of personal property and review their insurance policy annually. They should read all terms & conditions before signing any type of contract.

About Author: The author owns a website on Home Insurance. Website provides information about home insurance, homeowners insurance, and some tips to buy home insurance policy at cheap rates. To get more information click: Homeowners Insurance

Article Source: http://EzineArticles.com/?expert=Gagandeep_Dhaliwal

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Types of Life Annuity

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As we mentioned in other articles the government only represents about 30% of our retirement income, the company retirement pension plan offers another 30% and many of us do not have one. It is up to individuals to invest wisely short and long term in order to make up for the short fall if he or she would like to live comfortably after retirement without giving up some retirement plans. Now you have reached your retirement age, there are some important investment options for your RRSP or 401k plan. In this article, we will discuss types of life annuity.

1. Guaranteed term annuity

a) An annuity that guarantees to make payments for a minimum period even if you die, any payment remaining in the contract is paid to your spouse or beneficiary.
b) Payment from the insurance company at the end of the guaranteed period, if you are still alive.
c) Normally, it is guaranteed up to age 90. The longer the guaranteed period the smaller amount of regular payment.

2. Joint and last survivor annuity

A joint life and last survivor annuity provides payments to you and for that of a second life. Payment continues with the same amount, after the first person dies. This type of annuity appeals to married couples. For registered funds, the joint life must be a spouse.

3. Single annuity

a) The annuity provides benefits for one person only.
b) Payment is based on life expectancy of annuitant.
c) Payment stops, if the annuitant dies.

4. Insured annuity

You liquidate your interest-bearing investments and use the resulting cash to purchase a life annuity contract.

a) The contract contains 2 parts insurance and life annuity with no guaranteed period.
b) Medical examination is required for you to qualify.
c) Capital preservation for the estate if you die.

The benefit of insured annuity includes increased cash flow to you while you're alive, and insurance portion benefits to your estate at death.

I hope this information will help. If you need more information of insurance or series of articles of the above subject at my home page at:
http://medicaladvisorjournals.blogspot.com
http://lifeanddisabitityinsuranceunderwriter.blogspot.com/

All rights reserved. Any reproducing of this article must have all the links intact.

"Let Take Care Your Health, Your Health Will Take Care You" Kyle J. Norton

I have been studying natural remedies for disease prevention for over 20 years and working as a financial consultant since 1990. Master degree in Mathematics, teaching and tutoring math at colleges and universities before joining insurance industries.

Article Source: http://EzineArticles.com/?expert=Kyle_J_Norton


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Whole Vs Term Life Insurance - How Do They Figure Your Rates

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When you apply for life insurance do you actually know how the insurance companies figure out what to charge you? When it comes to whole vs. Term life insurance they arrive at the rates the same way. Why do some companies charge more than others?

First let's try to answer the question of why some companies charge more than others for the same person. If, by chance, you have quotes from more than one insurance company and wondered why the prices are so different; hopefully, we can help clear up the confusion.

• All Insurance companies have their own underwriting criteria and target markets. These two reasons are a huge part of price fluctuation. One company may look at someone with certain health issues totally different than the way another company does. This plus the target market issue are the reasons you should always look at quotes from more than one insurance company.

How do insurance companies figure out what to charge for your policy? There are many different criteria that they use. Let's go over the three that are most common. Remember when it comes to whole vs. term life they use the same information.

• Mortality Tables- The mortality tables are statistics kept by insurance companies over many years based on age, sex and other characteristics. In keeping this information over the years underwriters have been able use the information to come up with deaths per 1,000 for any group of people in the world. This is known as the "mortality rate". They know that on average 5 people out of 1,000 will die in a particular sex/age group. Then they know they have to charge that group of people five dollars per thousand dollars of coverage.
• Interest- Because people pay for their insurance in advance of needing it the insurance companies must invest a portion of the money. The interest earned on these investments helps keep the cost of the life insurance down for policy holders.
• Expenses- The insurance companies must use a process referred too as expense loading to help cover their cost of doing business. Due to the fact that mortality is the base of a life insurance premium and the interest is use to help reduce the cost of life insurance. The insurance companies have to use expense loading to be able to pay for company expenses.

In closing I am in hopes that this article will help explain how the insurance companies arrive at the rates they charge. If you have any questions on this subject or any other questions about life insurance you can feel free to contact me through my url.

W A Henderson: is a Partner of the Henderson-Kosor Insurance Solutions Agency. He frequently writes articles about Life Insurance Topics and the importance of working with an agent that can offer you a variety of insurance companies to work with. He strongly believes that an agent should work for his/her clients. To work with an agent that will work for you visit us at http://www.LifeQuotes4You.com

Article Source: http://EzineArticles.com/?expert=W_A_Henderson


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