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Sunday, May 27, 2012

Insurance Tips For Single Parent

As a single parent, you have the same concerns as other financial institution so you do not have a partner to share the financial problems. Because you are responsible for the needs of the future of your children as your needs, you may worry about financial decision making. Doing some tips below, you may feel will be more confident with financial life in the future.

A. Make sure you have enough life insurance
Life insurance is very important for those who have dependent children. You'll see that finance your children in the future will be safe. How much life insurance you need depends on the number and ages of your children, income level, debt level and the value of your assets? Good instruction is to buy a range of six to eight times your annual salary.

If you are interested in transferring your income loss or covering your debt, you can choose a term life insurance, which is sometimes the most effective from an operational cost life insurance. Or, you could buy cash value of life insurance which can help you make savings for retirement or their children's education and also provides a benefit to your beneficiaries if you die.

You'll need to select a beneficiary for life insurance policy more carefully. While you call your child beneficiaries so in the list, this may be causing the problem if they are minor. Insurer will not make settlement directly against a minor. Discuss with insurance agents and financial advisors to determine the best option for you.

Two. Buy disability insurance
Disability insurance is very important for the single parent. If you have a sick or disabled until you stop working, your family's financial institution will be dangerous. Your medical insurance only medical costs but not covering loses your income. Disability insurance policy intended to transfer part of your income, usually revolve around 50% up to 70% and you cannot work. You may obtain short-term coverage through your company's long-term. If you do not have, buy. This may be expensive but offer invaluable protection for your long-term survival.

Take a few tips for you on a single parent. The above case will provide your future financial life.
 

Tuesday, May 22, 2012

Compare Travel Insurance With Travelling With Protection

As long as everything goes well, holidays are a lot of fun. Adventure, excitement, exploration and fine dining are what good holidays are made of. But there is also another side of holiday travelling. Sometimes, events beyond your control can cause your holiday to be a disaster rather than an escape from the real world. When this happens you may incur costly expenses. However if you have travel insurance, many of your financial troubles will be taken care of.

Travel insurance is a type of insurance that covers the financial costs relating to several holiday disaster scenarios. Travel insurance will pay for medical bills, property damage, lost luggage and extra expenses related to natural disasters and unplanned changes in your itinerary. Travel insurance is a must, but not just any travel insurance will do. Therefore, you need to compare travel insurance to find the best deal.

If you book your holiday trip through a travel agent, you will be offered travel insurance at the time that you purchase your package. The cost of purchasing travel insurance at this time is about four to seven percent of the prepaid price of your trip. The insurance will cover everyone who is booked to go on the trip.


You can also purchase travel insurance separately. This gives you a greater choice of packages and insurance providers. In either case, you should compare each travel insurance package presented to you. Why? Not all travel insurance packages are created equally. You might get more coverage for the same price elsewhere, but you won't know if you don't compare. Some insurance providers also pay quicker than others. The last thing you need while on holiday is to hassle with an insurance company that doesn't want to pay out.

When you compare travel insurance, there are several points that you should consider. Be sure to pay attention to the following:

' Cost of the policy per person.
' Reputation of the company. Do they pay out without balking? How is their customer service? Will you be able to talk to a live person 24/7 or will you be given the run around?
' Types of coverage included. In other words, what will the insurance cover? Will you need to purchase additional insurance for rental vehicles or will the travel insurance policy cover everything? There are several questions that you can ask yourself here. Leave no stone unturned.
' Is there an excess? How much will you have to pay?

There are several things that you should be looking at when you compare travel insurance. Never assume that all policies offer the same protection. And be careful not to take the cheapest policy based on cost alone. Cost may be a factor, but you need to make sure that you get the best coverage possible for the price. Purchasing a policy that offers skimpy protection could end up being no better than travelling unprotected.
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Steven Clarke - Marketing Manager for www.mytravelinsurance.org.uk. We offer a travel insurance service which compares all the UK's travel insurance deals to find you the cheapest insurance quote.

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