Unit Linked Insurance Plans

Higher the rate of inflation, lesser is the value of money. This is a thumb rule to be kept in mind while making any long-term investment. Generally, at the time of making the investment, the return promised at maturity, usually 10-20 years, looks attractive. But when the realized amount is received on the maturity date, its value normally gets reduced to peanuts. This is because the rate of return could not match the rate of rising inflation and other economic variables.

To overcome such glaring gaps, a Unit Linked Insurance Plan (ULIP) is introduced that help investors to get a fair return on their investments. It is a type of an insurance policy where the value of the policy changes with the market trends. It is basically a combination of an insurance policy and a mutual fund aimed at providing both flexibility and stability for the investment. In simple words, it can be said that the returns are market-linked in a ULIP.

In a ULIP, the policy taker receives a certain number of units, according to the amount of investment he wishes to make, at their existing net asset value (NAV). The amount invested in the plan is further re-invested in different ports like that of stocks, debts, futures, etc. Therefore, as the value of the portfolio changes, the NAV varies accordingly. For instance, in a bullish market, the NAV will increase theby increasing the value of the units and the overall ULIP.

ULIPs are ideal for investors who prefer secured investments but are ready to take a small degree of risk for better returns. Just like in any pure life insurance contract the the money is paid to the beneficiary in the event of death of the policyholder. Similarly, in a ULIP, the money is benefits of the plan are extended to the family or other beneficies in case of the unfortunate happening.

A wide range of ULIPs, with different features and benefits, are offered by almost all the insurance companies. You can choose a plan depending upon the desired investment amount, tenure, and the expected return. The companies have a team of professionals who can visit you personally and explain the benefits of different policies.

You can also refer to the websites of these companies to get a fair idea about the current policies. Apart from this, you can use an investment calculator, available on most of the investment websites, to calculate the expected return amount.

Source by Jennie Kakkad

Auto Insurance Coverage

Auto insurance coverage is a reasonable expense nowdays. Besides the money that you have to pay for gas, finding protection for your vehicle is probably the largest expense in the day-to-day running of your vehicle. If you can cut your costs in this area then you can make it much cheaper to run a car. In this article we will discuss the security arrangements of your vehicle, your no claims discount and limited mileage policies. These are three great ways to help you cut your costs.

The security arrangements off your auto can be a factor in determining how much your promotions are going to cost you. This is large dependent on the area which you live in. If you live in a high crime area where vehicles are stolen often then your cover will cost more. You can increase the security arrangements of your car and possibly get a reduction in your promotions. You can do this by getting an alarm and immobilizer. You might also want to get a hood lock and steering wheel lock. If possible, your automobile should be parked at night off of the main highway on your drive or in a locked garage.

Your no-claims discount will affect your auto insurance coverage dramatically. Each year that you are accident and claim free entitles you to a discount on your renewal. After several years you can make a great saving by having a no claims discount. It is usually possible to get up to a 50% no claims discount from most insurers. There are some companies which claim to be able to offer you up to a 90% no claims discount. There may be the provision of paying a little extra each year in order to protect or lock-in your no-claims discount. If you have accrued several years claim free driving then you should certainly consider this option.

Auto insurance coverage can depend on the number of miles that you drive each year. If you are willing to limit your usage then you may find that you can get a much cheaper policy. If you have a short drive to work each day or use your car only occasionally, then a policy such as this may be eminently suitable for you.

In conclusion, although auto insurance coverage is getting incrementally expensive you can still make some savings when the time comes to renew your policy. Consider improving the security arrangements off your car and protecting your no claims discount. You may also be able to benefit from a limited usage policy if you do not drive your car very much.

Source by Christopher Robert Jerrett

Term Life Insurance – The Different Kinds

It has always been known that there are actually two different kinds of life insurance programs -term life and whole life.

It probably sounds, but with term life, a person is normally just insured for a specific time period – ten, fifteen, twenty, or 30 years. Not many people know this, but there are actually different types of term life insurance programs.

Level Term

This is easily the most popular term life program. With this, you typically pay the same premium throughout the term. It may not accumulate any cash value, however, this remains to be popular because it is cheap.

The prices for term life have even gone down more because of the Internet – people can readily access life insurance quotes and compare prices; sometimes, in a little as under two minutes.

Many people get surprised over the fact that they can be covered for a huge amount of money for as little as $ 20 month, even when they're already in their 40's (provided that they're in good health).

Annual Renewable Term

If you go for this type of insurance, you are only covered for one year. You will have to renew your policy at the end of the year. Expect increases in your premium as you renew your policy from year to year.

No-Exam Term Life

If you find the requisite medical exams in life insurance programs too much of a hassle, there are other, albeit more expensive, life insurance programs on the market that do not require any exam. With a no-exam term life insurance, you are only required to fill out a questionnaire. (It does not pay to lie on the questionnaire because it can have your policy revoked.)

A no-exam policy usually has a ceiling of $ 250,000, but your policy can be issued in days or even hours, unlike in other insurance programs where the issue of a policy can take weeks or months.

ROP Term Life

If you go for this time of term life insurance, you will normally have to pay more, but at the end of the term, all the premiums you paid will be returned to you. That is, if you are still alive at the end of the term.

Source by Darcy Peyton

Do not Take the Risk, Get Health Insurance

Ten years ago Mr. Quiggly decided to ignore his wife's idea of ​​taking out family health insurance under the misguided opinion that the children were young and not likely to need health insurance for the foreseeable future and that both he and his wife were fit and healthy for their age.

Admittedly family health insurance can set you back a fair few dollars in monthly premiums and there is rarely any short term correlation between cost and benefit but then family health insurance is a long term insurance, a safety net for when things go wrong.

As you can imagine, things did go wrong. First there was little Jimmy who broke his leg in a bike accident. Mr. Quiggly was not too bothered, it hit the family finances hard for a few months but the cost was not that bad when compared to what he had saved in health insurance premiums. Within a few months they were back on track and the whole incident was forgotten.

Six months later Jimmy's little sister got taken ill, a virus she picked up from school which really wiped her out and meant that she had to spend nearly two weeks in hospital. When Mr. Quiggly realized how much it was going to cost he had to take out a long term loan. It was at this point the penny started to drop that if he had listened to his wife they would have had health insurance that would have covered all or most of the cost.

Everything ran smoothly for a year or so after that, no accidents and no illnesses. Mr. Quigley decided that he would hold off taking out family health insurance until he had paid off some of the loan. If he really thought about it he was hiring for a pay rise to help cover some of the health insurance premium.

He did indeed start looking into health insurance but only a couple of years later by which time his wife had been diagnosed with a long term illness so it had to be declared on the health insurance policy. Obviously the illness was an exclusion so the family had no health insurance for yet another health problem. A few years later it meant yet another loan that, by now, the family could ill afford to pay.

From that point on Mr.Quiggly was seen to be a keen advocate of health insurance with such support being driven by the $ 65,000 he had had to fork out in medical costs and the $ 38,000 he had yet to pay.

Source by Terry Ross

Reducing Your Insurance Spend Dramatically – More Tips To Help You Save

Would you like a more affordable rate that still leaves you with adequate insurance coverage? You'll be shown a good number of useful tips in this article …

1. Make sure you do NOT make the mistake of not subtracting the land's cost from your home's cost as you apply for a home insurance policy. Folks do this without knowing. Insuring your home for the full price you bought it without deducting the land's worth is a big mistake.

If you made such a mistake, you'll have to re-evaluate your home insurance coverage and go through it again with your agent. Deduct the land's cost and you'll realize that you'll need far less coverage.

Doing this will lower your rates considerably and still have sufficient home insurance coverage. Bearing in mind that insurance is for things that can be lost or damaged, insuring the land which can either be lost nor damaged is not a smart move.

2. The more claims you make the higher the risk linked with insuring you. Making too many claims will result in your house being viewed as a larger risk than it really is. This will compel you to attract more expensive premiums.

Do not file a claim if it's a matter you can handle with relative ease. This will help keep your rate low.

3. This is noteworthy in spite of the fact that it's not part of a home insurance policy. People who buy houses in flood-prone areas pay an additional $ 400 annual for flood insurance. Apart from if you're buying your home cash, be informed that a flood insurance will be required by any mortgagor if your home is in a flood-prone region. Making an adjustment in the region you buy a home will bring down what you spend on insurance.

4. You pay less if you take measures to reinforce your roof. This is truer if you stay in the East. If you want advice on how to strengthen your roof and get discounts for doing so, discuss with your agent. Fitting weighty shingles is a possible way of doing it.

5. Although you've the option of insuring against every imaginable peril, you actually do NOT need to. The likelihood of certain perils in your state is too low to make buying coverage for them necessary. You can almost say with certainty that some perils are not a possibility in certain states going by their history.

It pays to ensure you insure your home against every peril that has a reasonable likelihood of happening. Buying insurance for a peril that has never occurred in a state can be honestly seen as financial waste. Opting for the right perils will make you buy only coverage that is necessary. This will bring savings if you had too much coverage before doing the review.

6. You'll save a lot if you can shop around and do proper comparison. The range of quotes received per request could be as wide as $ 1,000 for a particular person. While this is a good thing, it's important that you do not get too excited yet. It's not normally that straightforward if you want the best price / value. The lowest quote may not offer you the best price / value. Although each of the quotes offered will certainly give you the same main coverage, there may be a number of differences in the details of coverage.

This makes it critical that you find out if there are not exclusions you will not like. Do not forget to treat these no-obligation quotes just that way. Do not feel obligated to pay unless you've had all your questions answered to your satisfaction. You will be spared rude surprises down the road if you do this.

Source by Chimezirim Chinechem Odimba

Vital Information About Pet Insurance

Proper health care is one of the most important aspects of having a pet. You have to ensure that your pet is properly taken care of by giving it access to good veterinary care. You can do this effectively by buying affordable pet insurance. Veterinary pet insurance is available no matter the kind of pet that you have. There are policies for dogs, cats, guinea pigs, parrots and other kinds of domestic animals. This article will give you valuable and reliable pet insurance information.

It is not difficult to find out the cost of insurance for pets. You just have to spend a few minutes on the internet to find several insurers that are ready to give you the best pet insurance. The pet insurance quote tat you will be given will depend on the animal’s health history, species or pedigree, age, location and other risk factors. You will be presented with a range of coverage options to choose from. You may decide to buy coverage for certain conditions or choose a basic or premium package.

It is good to shop around to find the cheapest pet insurance but you have to ensure that the coverage that you choose can sufficiently meet the needs of your pet. You should find a reasonable balance between cheap pet insurance and the quality of service that is provided by the insurer. It is important to choose a good pet insurance company that has a reputation of offering excellent service.

Insurance for puppy/dog is designed to provide the best possible health care. You can save a lot of money every year on your pet’s visits to the veterinary. The coverage usually includes prescriptions, hospitalization, surgeries, diagnostic tests and so on. With ban-field pet insurance, you will know exactly what is included in the coverage and the benefits that are available to the pet. All pre-existing and recurring conditions are usually treated at no charge.

There a re a few things that you can do reduce the premiums that you have to pay on medical insurance for pets. Taking advantage of exclusions will help to keep your rates low. A list of possible exclusions will be given to you by the provider. You can decide what you want to include or remove. If your pet is healthy and relatively young, you can go for the minimum coverage that is available. Exclusions usually include hereditary conditions, congenital conditions, grooming, behavioral problems, elective procedures and so on.

The cost of dog or cat pet insurance varies from one provider to another. You can expect to pay up to a dollar per day on a good policy. This will of course depend on your location, pet species, breed size and age. Most providers are reluctant to provide insurance for dogs or cats that are above certain age limits. If you have more than one pet, you can take advantage of multiple pet discounts which will help you to reduce the premiums that you have to pay.

Your application for pet insurance will have to be reviewed by the insurance company. It may be necessary to provide the pet’s medical records. In cases where medical records are not available, a medical examination will be used to establish the state of health of the pet. This is usually common with adopted or rescued animals.

It is important that you buy pet insurance for your dog as early as possible. A lot of providers will not accept dogs that are above a certain age. However, they will continue to provide insurance for pets that have existing policies before attaining the age limit. Ensure that you choose a reliable insurer that has a good reputation and a system that makes easy for customers to file claims.

You should take your time to read through the policy agreement before singing up with the company. Ask the representative to explain any aspect of the policy that you do not understand. It is important that you know exactly what you are getting for your money. You should also be satisfied with the quality of veterinary clinics that are available under the policy. Choose a policy that you can cancel easily if you are not satisfied with the service that is provided.

Pet policy will help you to save a lot of money on vet bills. It will ensure that your pet gets proper medical attention when required. Pets face day-to-day hazards even when they are limited to the home. They could get injured or eat inappropriate food. They can also come up with emergency health problems. A good pet insurance policy will help you to handle any of these unexpected circumstances.

Source by Ayo Aluko

New York Auto Insurance – How to Get the Cheapest Rate

Think you're getting a good price on your New York auto insurance? With a little bit of fast and easy research you may be able to get your New York auto insurance even cheaper. Here's how …

Visit an Insurance Comparison Website

To find cheap New York auto insurance, begin by visiting an insurance comparison website on the internet. These websites make it fast and easy to find cheap New York auto insurance quotes. And if you have any questions about your auto insurance, the best comparison sites have an online chat feature so you can get your questions answered by insurance professionals. (See link below.)

Complete Your Insurance Information

At the insurance comparison website, you'll need to complete a simple form with information about your:

* Vehicles, such as the year, make, model, and safety features.

* Personal information, such as your name, address, and age.

* Driving habits, such as the number of miles you drive each year and any tickets or accidents you've had.

* Coverage amounts you want. In New York, you must have at least $ 25,000 bodily injury coverage for one person, $ 50,000 bodily injury coverage for two or more people, and $ 15,000 property damage coverage.

* Deductible amounts you want for comprehensive and collision coverage. Collision coverage pays to repair or replace your car after an accident, while comprehensive coverage pays if your car falls victim to a natural disaster, vandalism, or theft. The higher you set your deductibles, the lower your insurance premium will be.

Once you complete the form, you'll soon have multiple auto insurance quotes from A-rated companies to choose from. By taking a few minutes to shop around and compare quotes, you'll be able to find the cheapest New York auto insurance available.

Source by Brian Stevens

Points To Consider With Cheap Auto Insurance

The word "cheap" means different things to different people, so the first thing you will want to do is to define what "cheap" means in your vocabulary. If it means that you want the bottom line lowest of the low prices to get cheap auto insurance, and the only thing you are concerned about is what the policy costs, then this may not be for you. But if you are looking for the best value to get the most bang for the bucks, then there are multiple places, online and offline, where you can find cheap auto insurance.

You need to understand that not all auto insurance policices are done the same way. The standard policy from one insurance carrier is significantly different than the standard policy from another insurance provider. You also need to know that whatever you get, everything comes at a cost, and sometimes if you do not pay that cost up front, you will pay it later, and there is no getting around that.

For example, the reason you are carrying cheap auto insurance is because you need the coverage, either for peace of mind or to comply with your state laws, but what happens when you get into an accident? If you have a good policy, then things are taken care of with minimal effort on your part. However, with some of the cheap auto insurance policies that are available out there, getting the insurance company to pay on a claim is going to take significant time and effort on your part. If you value your time at all, sometimes think about it and attach an hourly rate to it, you will realize that after factoring in the personal time you had to spend on getting them to cover a claim, you have not saved any money at all . In fact, you paid MORE for it!

Auto insurance policy coverage is not an exact science. First of all, you have the deductible, and the amount of the deductible could be different for the various kinds of coverage. For example, you may have it set up for $ 500 deductible on collision, but a $ 1500 deductible on comprehension or fire. The deductible amount has a drastic impact on the rate that you pay, and is the amount that you will pay out of your own pocket before the insurance company pays anything. To give an example, let's say you have $ 500 deductible on collision and you get into a minor fender bender, but the estimate to repair only comes to $ 400. The insurance company will not pay anything on that, since it is less than your deductible, and in fact, that is a case where you probably do not even want to tell your insurance company about it.

There are also differences in liability. For example, if you get into an accident where the other person sustains various severe flaws. It is not unusual these days for hospital costs to go well into six figures or more. If the ceiling on your liability insurance is only $ 200,000 you could be in deep sneakers in a case like this, so be sure to check out liability limitations as well.

Shopping for cheap auto insurance is not wrong, that is a sign of a frugal shopper and is a good trait. But you need to understand what the tradeoffs are. If you are going to have insurance at all, you obviously do not want to pay more than you need to, but make sure you are getting the coverage that you think you are getting.

Source by Jon Arnold

Cheap Online Car Insurance Quote – How To Make It Happen

If you want a cheap online car insurance quote, you've got to understand how it really works. If you do, it's easy. If you do not, you'll go through a part of the process and not get what you set out for. This article will help you take the right steps.

You can not go with the first quote you get and expect to get the cheapest. You have to do a little more than that. If you consider that all it takes is only a few minutes work (five minutes at most at each quotes site, you'll agree with me that it really does not take much of you to do this well. your profile, you could save over $ 1,000 if you do this well.

The best strategy is to visit at least three reputable car insurance quotes and comparison sites. Make the number higher if you also intend to visit specific insurers' quotes sites. The ones I am referring to are those that return up to five quotes from different A rated search results.

While you do this, make sure you input the same information in all sites visited. If you do otherwise, you'll get misleading results – No fault of theirs. Therefore, make sure the information you give is the same in all quotes sites visited.

Someone may want to know why you should visit a minimum of three sites in order to get the cheapest online quotes. The simple reason is that no site returns quotes from all insurance companies available. By visiting as many as three sites (More for better results), you reduce the odds of missing out a company that may give you the dirt cheap online car insurance quote you're looking for (Someone managed to save $ 2,200).

Source by Chimezirim Chinechem Odimba

How Much Car Insurance Do You Need?

The amount of car insurance you require will depend on several factors. The value of your car, whether your vehicle is financed or you own it, the age and type of car you own, and the state you will in will factor in determining how much insurance you need. Another reason you may require more insurance is if your car has enhancements added that were not put on when the car was manufactured.

If your vehicle is new and in top condition, full coverage insurance is the best bet if you own it outright. This will cover the cost of providing the money to purchase another car in the same condition should you be in an accident that totals your car. Most finance companies require you to carry full coverage insurance. They like to make sure they will get the amount they lent for the purchase of a car back should it be totaled in an accident. If you own an older car, liability coverage is the best way to go. This insurance will prevent you from being sued in the event of an accident that is your fault and there are injuries that need to be compensated. It is a good idea to carry more than is recommended because, in the event of an accident with injuries to the other person, the minimum may not cover all of their injuries and, if not, they will rarely come after you to collect the reminder . There are only 4 states at the present that do not require any type of insurance.

If you have had anything added to your vehicle, such as stereo systems or expensive wheels, you should add insurance to cover these add-ons in case of theft. Comprehensive insurance is usually required by finance companies and covers a variety of damages such as wind damage, falling objects, fire, flood, etc. If you are an antique car buff, you will want to insure your car to cover the replacement value. Using your car for business may require that you carry more insurance than you typically would. Basically, the price and the amount of coverage that you carry will be governed by the insurance requirements for the state you stay in and whether you want or feel you need extra insurance above what is required for your vehicle type. It is best to find out what requirements your state has and what you expect to be compensated for in the event of an accident.

According to car crash statistics there were 6,420,000 auto accidents in the US in 2005 with a financial cost of 230 billion dollars. Nationally, a vehicle theft occurs every 27 seconds.

Source by Robin Boddy