Insurance Information - Insurance Owl
Guarantees cash payment to a beneficiary upon death or pay-out if the beneficiary leaves beyond a certain age.
Life insurance, (or life assurance)
Life insurance guarantees payout in the event of death of the policy holder. Most life insurances are called "whole life" policies, meaning that you cannot get any of your money back before the policy runs out, (even if you stop paying).
Life insurance and saving, some insurance policies allow you to "surrender" your policy after a certain amount of time.
Unless the insurer was selling the policy as a investment it is usually not a good idea to takeout a policy with the intention of surrendering it at a latter stage.
How to choose a good policyYou need to know what you need the policy for, to allow your family to maintain a good standard of living. Or just to pay the immediate bills?
You also need to remember medical bills as well.
Who will be the beneficiary? Would you like more than one? Are they likely to quarrel over the amount?
What if I cannot pay some months?
Then you are not insured, and even if you started paying again you need to contact your insurer as they might refuse to pay out the policy on the ground that you missed some repayments.
If the repayments are too much then it is better to review your policy, insurance companies have been known to refuse payouts to policyholders that missed one or more payment many years ago.
How much money will I get when I surrender my policy?
A lot less than you invested! Life insurance should never be seen as an investment. If you wish to invest money as well as have a life insurance, your best move would be to put less toward your policies and a little toward some savings.Note that some policies are specially designed as an investment. You should look into those if you are fairly young and healthy. The problem with investment policies is that they are neither good as insurances nor are they good as investment.
Phillip Wasserman and Phillip Roy Financial Services File Malicious Prosecution Lawsuit Against Attorney John Hargrove
2007 - 11 - 21
Phillip Wasserman and Phillip Roy Financial Services, one of the nation's leading sellers of annuities and life insurance, have filed suit against Ft. Lauderdale based attorney John Hargrove and the firm of Gordon, Hargrove and James alleging malicious prosecution and other claims for relief. Phillip Wasserman and Phillip Roy Financial Services allege that Hargrove and his firm engaged in a scheme to defraud the courts by alleging that multi-millionaire retirees are not of sound mind to purchase annuities but yet are of sound mind to contract with them as attorneys. Wasserman and his firm also allege that Hargrove and his firm have filed dozens of similar cases in Florida courts as part of an overall scheme of coercion and have misrepresented their clients' mental health in order to recover attorney's fees. (PRWeb Nov 20, 2007)
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Phillip Wasserman and Phillip Roy Financial Services File Malicious Prosecution Lawsuit Against Attorney John Hargrove
2007 - 11 - 21
Phillip Wasserman and Phillip Roy Financial Services, one of the nation's leading sellers of annuities and life insurance, have filed suit against Ft. Lauderdale based attorney John Hargrove and the firm of Gordon, Hargrove and James alleging malicious prosecution and other claims for relief. Phillip Wasserman and Phillip Roy Financial Services allege that Hargrove and his firm engaged in a scheme to defraud the courts by alleging that multi-millionaire retirees are not of sound mind to purchase annuities but yet are of sound mind to contract with them as attorneys. Wasserman and his firm also allege that Hargrove and his firm have filed dozens of similar cases in Florida courts as part of an overall scheme of coercion and have misrepresented their clients' mental health in order to recover attorney's fees. [PRWEB Nov 20, 2007]
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'Pre-Shoppers' Make Their Finance, Insurance and Broadband Purchasing Decisions at Buddy Sites
2007 - 11 - 21
Less than a year after the launch of MoneyBuddy.com.au, Australia’s fastest growing personal finance information and comparison site, Yield Media has expanded its portfolio. The Buddy network of sites has gone live with the addition of a broadband information site, an investment information site and insurance information site. (PRWeb Nov 20, 2007)
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Disclaimer
Please note that this website is for information only. Whilst every care has been taken to provide accurate information the complex nature of insurance, cover and compensation mean that you are responsible for the final decision on what action should be taken.
You need to take special care to ensure that the advice given applies to you country, state or jurisdiction.
