Archive for: March, 2017

Life Insurance – Advantages Of Cash Value Provisions

Mar 22 2017 Published by under Uncategorized

Life insurance policies are not all created equally. Each type of policy tends to have positives and negatives. In this article, we take a look at the positive aspects of a policy that maintains a cash value growth element.

What is a cash value? It is a provision in a policy that acts as an additional savings element. A certain part of the premium that you pay is allocated to it and this percentage grows the longer you pay the premiums. On top of this, the money in the policy accumulates at, typically, a set interest rate agreed to up front when buying the policy. This is particularly advantageous since the growth happens tax free, an aspect that is going to become more important as tax rates increase in the future. All this being said, there are some other more subtle advantages to buying a policy with a cash value.

The last few years have been very tough financially for millions of people. Given cash constraints, many people have been forced to abandon their policies because they can’t afford the premiums. This is not the case for people who have policies with cash values. Why? One huge advantage of this policy is you can use the cash value to pay the premiums when times are tough. Instead of losing years of premium payments by abandoning a policy, you can keep it going till things turn around.

Let’s take it one step further. What if you run into severe cash flow problems? Millions of Americans have lost their jobs. Unemployment benefits don’t amount to much. How do you avoid going belly up? If you have an insurance policy with a cash value provision, you can take loans against the money accumulated. There is no tax consequence to this, but the money must be repaid at some point. If it isn’t, it will be taken out of any death benefit paid on your passing.

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Rental Car Insurance – Do You Really Need It?

Mar 05 2017 Published by under Uncategorized

The a lot of important affair is to apperceive your position on rental car allowance afore you anytime airing into the rental car company. Far too abounding of us say, “sure” if we are offered the added rental advantage that is offered by the abettor because we are in a bustle and don’t apperceive what abroad to say. To be honest, a lot of of the time, in a lot of cases, that added rental allowance is not even necessary.

Before you even acquaintance a rental car company, investigate the levels of protection, allowances and abeyant exclusions of your own allowance action that may administer to a rental vehicle. A lot of standard, claimed auto allowance behavior administer the aforementioned advantage and deductibles to cars busy for leisure purposes. It’s safe to bifold analysis your action but a lot of states amusement the rental car as your “primary” car for the time you will be active it. If you are renting a car for business purposes, your company’s accumulated biking action acceptable applies. Chances are that even your acclaim agenda aggregation provides some bulk of rental advantage as continued as you accommodated the requirements issued by the acclaim agenda aggregation which commonly include:

*You accept to be the primary bedfellow of the car

*You accept to accept beneath the rental blow abandonment

*You accept to pay for the car in abounding with the acclaim card

Types of Rental Advantage Offered

Supplemental Liability: This may be the a lot of important one. If you are at accountability for an blow while active your busy vehicle, the allowance aggregation will accommodate advantage up to $1 actor if the added affair files a affirmation adjoin you for injuries or car damage. If you accept your own auto insurance, which you accept to in adjustment to hire a vehicle, or if you accept an “umbrella” policy, this advantage is not acceptable necessary.

Damage Waiver: If you are complex in an blow or the car is damaged by vandalism, or if the car is baseborn and damaged, this advantage will yield affliction of the blow costs. There are assertive restrictions though. Accidents acquired by the afterward will not be covered:

*Excessive acceleration

*Driving off-pavement

*Driving beneath the access

*Driving in a “no rental car” area

If you accept claimed absolute and blow coverage, the blow abandonment may alike the accoutrement of that policy.

Personal Effects Coverage: This advantage protects adjoin annexation or blow to claimed items that are central the rental vehicle. It does not extend to items in addition car or cars complex in a collision.

Personal Blow Insurance: This advantage protects the disciplinarian and all cartage in the rental car in the blow of an blow (not those in the added cars involved). It provides medical benefits, such as Claimed Injury Protection. In general, if you accept your own Claimed Injury Aegis on your auto allowance action or clandestine bloom insurance, this advantage is not necessarily needed.

If You Say Yes, What’s the Price?

It’s actual simple for the allowance additions to bulk added than the bulk of the car itself! Often times, the rental abettor will array one or two of the added advantage calm and alarm it a “bundle” or a “package” and allocate it as a “deal.” If you buy one or added advantage option, you could be abacus as abundant as $25 per account to the absolute rental cost.

Unfortunately, there is no accepted acknowledgment if you ask yourself, “Do I charge rental insurance?” Added advantage can be a absolutely acceptable abstraction in assertive circumstances, such as if you charge a greater bulk of accountability aegis or if you accept an boundless bulk of backing in your vehicle.

Before you anytime airing into a rental car company, analysis your own auto allowance action and appointment the rental company’s website to apprehend the specific data of the allowance articles they offer. If you don’t do these two simple tasks, you’re acceptable to be the victim of the endure minute, harder advertise “bundle” or “package” you may not even need.

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