What is a Universal Life Insurance?
Universal life insurance was introduced in the years 1981-1982 as a permanent life insurance which rests on cash value. It has the features of both a term and whole life insurance which allows policy holders to choose varying payment methods and coverage every year while adjusting its interest on a monthly basis. Basic Characteristics of [...]
Is Term Life Insurance a Better Choice?
It may seem confusing when it’s time to decide which type of life insurance policy is right for you, but it doesn’t have to be. One of the most common life insurance policies available is term life insurance. Do you own a home with a mortgage? Do you have children you would like to send [...]
Cameron vows action on whiplash insurance claims
The Prime Minister is hosting a summit with insurance, consumer and business groups at Downing Street to discuss ways to bring down soaring premiums. Britain has become “the whiplash capital of Europe”, Number 10 said, with 1,500 claims a day for even the most minor accidents adding £90 a year to the average bill. Ministers [...]
Ohio mayor buys earthquake insurance after alleged fracking incidents
A series of earthquakes in Youngstown, Ohio, potentially related to brine-injection wells, caused the citys mayor to buy earthquake insurance for his home and initiate a moratorium on injection wells near the city. There have been 11 earthquakes in Youngstown in the past 10 months, since D&L Energy Inc. began injecting drilling brine, a byproduct [...]
Tip of the Day: Purchase Life Insurance While You are Young and Healthy
Life insurance is for the other people, right? Let those with the gray hairs and the anxiety about their pension plans fill in the life insurance application forms. You are in your prime, and have better things to do. Wrong. Smart people get the ball rolling on insurance plans early. When you are young, fit, [...]
Insurance may not cover wild weather damage
Direct Line reported its busiest day for five years while Co-operative Insurance said it had more claims on Tuesday, around 600, than it normally gets in the whole of January. Carmel McCarthy at More Than said: “Some policies may not cover damage to gates, fences or contents in the open such as garden ornaments so [...]
The Case for Buying Life Insurance: Why You Need It
Buying life insurance is a wise investment regardless of your finical situation. Life insurance provides coverage for your remaining debts, final expenses and financial. Despite this fact, many people are unaware of the benefits of life insurance, and feel it is not a necessity. At Efinancial, we work to educate consumers about the many benefits [...]