Tag Archives: Myths
Busting the Top 6 Life Insurance Myths
Busting the Top 6 Life Insurance Myths
Term life insurance has many advantages. But understanding term life insurance and its benefits means sifting through the myths surrounding it; and there are many myths about life insurance. These life insurance myths and misconceptions can result in too little coverage causing financial hardship for families suffering the loss of a loved one.
To avoid this from happening to you, we’ve taken a look at the most common misconceptions about life insurance to set the record straight–helping you to make the right life insurance choice for you and your family.
Myth #1: I don’t work outside the home so I don’t need life insurance.
False! Just because there’s no paycheck to replace, doesn’t mean life insurance is unnecessary. A life insurance policy that provides coverage for a stay-at-home parent isn’t so much about the money they bring in to the household, but instead about the money they keep in the household.
In fact, have you ever considered how much it would cost to pay for childcare and housekeeping in the absence of a stay-at-home parent? Don’t underestimate how much this would require, child care is expensive and is a growing cost.
Myth #2: I’m young so odds are I won’t need life insurance.
Some people are gamblers by nature and choose to take their chances by skipping out on life insurance completely. Although it is unlikely you’ll die during your working years, you’re not insuring for what’s likely to happen but instead, for the worst-case scenario.
That’s why term life insurance is inexpensive for young, healthy people. Buying life insurance now means you’ll be providing financial security without spending a lot of money for it.
For example, online quotes show that a 0,000 10-year term policy for:
• a healthy 35-year old woman costs as little as 5 a year
• a healthy 35-year old man costs as little as 5 a year
What’s more you may even be eligible for preferred life rates that mean the annual premiums are even less! Preferred rates are lower premiums – for the same coverage – offered by an insurer based on your health. The good news is that eligibility for preferred rates is common and could save you up to 30 per cent off the standard rate.
Myth #3: If it’s really so cheap there must be a catch.
There’s no catch to term life insurance. Your basic term life insurance policy will offer you coverage so long as you pay your premium. You buy term insurance coverage for the duration of time you’ll need life insurance, whether that’s until the kids are out of school or until your mortgage is paid off.
Plus, your premiums are fixed for the length of the term. They won’t increase even if the status of your health changes.
Myth #4: I don’t need life insurance once my children are self-supporting and my mortgage is paid off.
Everybody’s insurance needs vary. But how would your spouse manage daily living expenses without your help? And what if your spouse outlived you by 10, even 20 years?
Even if your children are no longer living at home and you no longer have large debts, like a mortgage, there still are questions you should consider before deciding that life insurance is unneeded.
Myth #5: I have life insurance through my job. I don’t need any more insurance coverage.
False. The truth is your life insurance coverage through your work may not be protecting yourself and your loved ones as much as you think. Review how much your employer-paid insurance provides and calculate whether this is enough to keep your family comfortable through the difficult times if you’re not around.
What’s more, when you leave your job for any reason, including retirement, your coverage usually stops.
Myth #6: It’s such a hassle to get life insurance.
Thanks to the Internet, getting quotes is fast and easy. There are a number of online life insurance quote services and usually, all you have to do is answer a few simple questions to get quotes. Sometimes, you can even buy a policy online.
Final Fact:
From the time you marry, buy your first home, start a family and enjoy retirement, having life insurance means you and your family have the security knowing you can reach the long-term financial goals you have set out.
Life insurance policies provide you with customized coverage for your family’s needs. Comparing quotes on the Internet can help you find affordable life insurance that will protect you and your family in the years to come.
10 Auto Insurance Myths You Should Know About
10 Auto Insurance Myths You Should Know About
The truth about fallacies of many car owners believing that the insurance premium coverage for their new car is covered, and maybe the truth just might make you change course.
(1) “No-fault insurance means, is it not my fault?” That means that your insurance company pays for your damages regardless of who’s at fault. No they don’t!
(2) “Can the color of my car affect my insurance rate?” No!
What do influence your rate are your vehicle’s year, make, model, body type, engine size, credit history and driving record.
(3)”If I lend my car to a friend and that friend is in an accident, his or her insurance company will pay for the damages…right?” Wrong!
Your car is your responsibility! And guess what, even though you weren’t present at the time of the accident, you still will receive a mark on your insurance record and your insurance premium could possibly go up.
(4) “Is my insurance rate is set by the government?” No!
The government has nothing to do with your car insurance rate. Where you live, your credit score, marital status and your driving record is what actually affects your premium.
(5) “I recently paid my insurance premium. Is my new car I just purchased is covered?”
Not necessarily. Most automobile policies require that the policyholder notify the insurance company or agent within a specified number of days, if indeed coverage is desired for the newly purchased vehicle.
(6) “Is it a fact that male driver under the age of 25 pay more for auto insurance?” Yes! Male driver under 25 years old can potentially pay more for car insurance than female drivers. However, across the board, teenagers and mature adults pay more for auto insurance, due in large part because these age groups are typically involved in more automobile accidents.
(7) “Can my credit score have any affect on my insurance rate?” Your credit score really does matter! Many Insurance companies take your credit score into consideration when deciding to increase or renew your auto insurance coverage.
(8) “Even without comprehensive coverage, am I still covered for theft, windstorms, and hail and deer accidents?” Many drivers believe that if they only purchase collision insurance, which covers accidents involving objects, that they will also be covered for incidents that involve vandalism, hail, animal accidents and fires. That simply is not true. You need to purchase both collision and comprehensive coverage in order to fully protect your vehicle from all of these situations.
(9) “Can my personal auto insurance cover both my personal and business use of my car?”
If you occasionally use your personal car for business purposes such as transporting clients, going to and from meetings or hauling business equipment, then you will more than likely need to extend your personal car insurance to cover your business use as well. Plus, if your employees use their car while working for you, you will want to also obtain a separate non-owned car insurance policy.
(10) “I’ve never had nor been involved in a car accident, do I still need automobile insurance?” Yes!
Some drivers are lucky enough never to have been or to be involved in an accident. However, if by chance you do have an accident; your risk of losing everything is great. Car insurance is the best protection you can have in the event an automobile accident occurs. It’s also a legal issue – you are required, by law, to have some basic form of auto insurance, and failing to do so carries some fairly strict punishments.
Recipe Network– Satellite – Usual Myths & Misconceptions
Dish Network– Satellite – Common Myths & Misconceptions
As with all innovation, there are constantly typical misconceptions and misconceptions that prevent lots of people from experiencing that, which would significantly boost their lives. This holds true with Meal Network’s digital high interpretation satellite tv services.
Lots of people think that also though there might be 4 various receivers in 4 different areas, everybody needs to enjoy the very same programs. This is not real. Dish Network supplies 4 totally free receivers, one each for 4 different spaces, to make it possible for different watching rate of interests.
The climate – it consistently impacts the quality of shows. As a basic policy, this is false; however, if there is hefty and constant storming, there may be quick disturbances of reception. This is rare as well as is taken into consideration less of a problem to satellite customers.
Satellite reception is available just for specific houses. This is an additional misconception as reception if signaling is outstanding in apartment building as long as the meal is set up facing a southern skies. Many individuals have them situated on their verandas or outdoors wall surfaces. Constantly bear in mind, though, if you do not own the house or home, be certain to consult the property manager prior to installment.
High-speed Internet solution is only offered with wire firms. This is not real. Recipe Network uses high-speed Internet solution by means of satellite. Location is not a problem as signals are transmitted with space from Dish Network’s satellites. You will certainly not experience down time from web server problems due to climate or maintenance.
Report has it that cable firms tell possible clients that their pricing is less expensive than that of satellite programming. This is not real. Comparisons reveal that satellite rates are within the same variety and also occasionally lower than cable service providers with a lot more value per buck. The boosted availability of diverse programs in choices and also the high quality of imaging as well as sound make the difference giving you much more for much less cash. Click on Dish Network currently for a complete listing of programs and rates information.
Cable television providers would likewise have clients believe that consumers have to purchase all devices to receive satellite services. Again, this is not real. Dish Network uses all equipment as well as installation cost free, and also even gifts brand-new subscribers with a Meal Network Digital Video Clip Recorder – further boosting seeing pleasure. All free without need for long-lasting dedications. The only thing you are billed for is the programs you want.
A whole lot of individuals think that due to the sophisticated technology made use of in Dish Network’s electronic high interpretation satellite services; there would normally be expensive devices repair services eventually in time. While the nature of the expenditure of devices repair services might be true, be guaranteed that when you subscribe with Recipe Network for an 18-month strategy, you obtain Meal Residence Protection Plan cost-free (routinely.99 each month). This is basically a devices insurance offered by Recipe Network to save subscribers money out of commission as well as replacements of devices.
It is wished that this details will certainly dispel any misunderstands you may have head and also allow you to make a positive decision to change from cable television to Dish Network electronic hd satellite television services.