TodayInsurance.net

If you re looking for life insurance, you re no doubt confused. This is because there are so many different kinds of life insurance out there that is can be difficult to tell what is what. Term Life Insurance is essentially a type of insurance that is taken out for a specific period of time, and does not build a cash value.

Seems fairly self explanatory, but it s often not. If you purchase term life insurance, you purchase coverage for a particular length of time, say ten years. At the end of those ten years the insurance lapses, or you can renew it. Normally the length of the term will be annual, seven years, or ten years.

The immediate benefit of term life insurance is that it tends to be cheap to begin with. However premiums increase over time as the policy holder grows older. If you have annual term insurance, you will find that your premiums go up ever year. Those who invest in longer periods will keep the same premiums for the length of the insurance. This can mean slightly higher pre (more...)

Did you know that if you buy your auto insurance from the same company as your homeowners insurance, you could get a discount? Many companies offer what is called a multi- discount.

Here are a few other tips for saving money when buying insurance:

1. Shop, shop, shop: Always shop around. Different underwriting guidelines may cause one company to charge more for your homeowners and/or auto policy where another company may be able to offer discounts. Get a couple of quotes and compare not only the premiums, but compare overages.

2. Deductibles: Rule of thumb, the higher the deductible, the lower the premium. Remember, however, the purpose of insurance is to make you whole in the event of an insured loss. Don t raise your deductibles to the point where you re spending more out of pocket than you can afford. If you currently have a $250 deductible and can live with a $500 deductible, then raise it accordingly. However, if you raise your deductible to $5,000 to save money on y (more...)