Life Insurance Other
Accident Insurance Companies
There are hundreds of accident insurance companies that offer many different types of accident insurance. Often this type of insurance is referred to as supplemental accident insurance. Supplemental insurance is meant to pay for the things that your health insurance policy does not pay for in the event of an accident, like transportation, hospital bills, medical bills, or anywhere there is a gap in your major medical plan. These policies are also useful while you are between plans, as a short-term solution so that you are never left unprotected. This is a form of gap insurance. In addition, you can get supplemental insurance that will pay you a salary while you are recovering from an accident, or even one that will cover you when you are between jobs, paying you money so you can pay your bills, including employee benefits. Mortgage insurance is another popular supplemental accident policy that pays your mortgage payments while you are out of work. Disability policies are also available that cover far more than the disability you would get from the state, even more than you get if you are injured on the job and your employer’s Workers’ Compensation policy is sending you “paychecks”. For any accident insurance policy rely on the independent brokers at Compare A Quote for competing quotes and the best policy to fit your needs.
Other than health insurance, life insurance is the most important kind of insurance you can carry if you own a business, have a family to protect in the event of your death or an aging parent or parents who depend on you for support. A life insurance policy protects your business and/or your loved ones in the event of your death. It is essential that you get the right policy for you in an amount that will be adequate to allow your family and/or your business to avoid financial devastation. Our agents do not represent any one company for life insurance, but rather we have access to hundreds of insurance companies around the globe, making it possible for us to bring you the multiple quotes you need to secure the very best life insurance coverage for your needs..
Whole Life Insurance
Whole life insurance is an investment that allows you and your family to prepare for the unexpected in the future. The death benefit can help replace a family’s loss of income, help with mortgage payments, or pay for educational needs. The longer the policy is active, the more cash there is available to draw upon. The fund grows tax-deferred, and can be accessed during your lifetime. This type of policy is more expensive than a Term Life policy because it is an investment whereas Term Insurance has no cash value other than when you die. When deciding whether to purchase a Whole Life policy, keep in mind that if you do draw against the available cash it is considered a loan and, therefore, accrues interest until it is repaid. Any outstanding policy loans and interest will reduce the death benefit and cash value.
Term Life Insurance
Term Life insurance is insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant time. The younger you are when you purchase a Term Life insurance policy, the lower the monthly payments will be. You can contract for Term Life insurance for a particular number of years, like 5, 10, 15, or 20, in order to lock in a consistent rate for the time of the agreed upon “term”. The longer the term, the higher the monthly payments will be. Term Life policies are not used for estate planning because they have no value other than as a death benefit. However, it is the cheapest way to purchase life insurance, even high dollar policies. Because Term Life insurance is less expensive than Whole Life, many people prefer it because it frees up money to make other investments that have a much higher return than a Whole Life policy, such as the stock market or mutual funds.
Because of this dizzying array of life insurance companies, it is hard to know where to start when looking for the right life insurance company for you and your family. Compare A Quote agents are independent, meaning that they do not represent any one company or corporation for life insurance, but rather have access to hundreds of insurance companies around the globe, making it possible to bring you the multiple quotes you need to secure the very best life insurance coverage for you.