Wheeling, IL (PRWEB) April 23, 2008

The unemployment rate has reached a two-year high. The Center for Economic and Policy Research predicts a recession would cause at least 4.2 million people to lose some insurance coverage. AccuQuote.com, a leader in providing term life insurance quotes and policies to people across the United States, recommends several tips to help people protect their family.

“As people lose their jobs, they may lose some insurance benefits too,” says Byron Udell, founder and CEO of life insurance quote provider, AccuQuote.com. “If you think there is a chance you could get laid off, you should start comparing insurance polices before you run into a situation where you are forced into getting something right away. In which case, you may not always get the best price or product. “

AccuQuote.com suggests the following tips for recession proofing insurance needs:

Switch to a term life insurance policy – Consumers that have a group life insurance policy will most likely lose their coverage if they lose their job. Switching to an individual level term life insurance policy is usually less expensive and the coverage is portable.
Compare individual health insurance policies – If a company goes bankrupt and there is no longer a health plan, COBRA coverage will not be available. Most of the time individual health insurance policies are less expensive than COBRA. However keep in mind that some people, depending on their health, may not be able to buy individual coverage at a lower cost.
Shop for disability coverage – Consumer’s protect their health and life, but they often forget about their biggest asset…their ability to work. Consumers should shop around for individual disability coverage. Unlike the one from an employer, consumers can keep this coverage if they move from job to job. And benefits will be tax-free if the premiums are paid by the insured.
Be careful before dropping ANY existing coverage – Consumers should not only compare costs, but make sure their new coverage is paid for and in-force before dropping any existing insurance coverage.

“No one likes to think about the worst possible scenario, but this is becoming a reality for many people,” said Udell. “If you are one of the unfortunate people that will lose your job in 2008, you’ll be happy that you took a moment to recession proof your insurance needs ahead of time.”

About AccuQuote.com

AccuQuote.com helps consumers find the best values in term life insurance by combining instant online quotes with the personal service of unbiased life insurance professionals that can help answer questions, identify important issues, and make meaningful recommendations. The company offers consumers an extensive selection of life insurance policies, including term life, whole life, and universal life, as well as selected annuities. The website has many handy insurance tools, including a life insurance needs calculator to help consumers figure out how much to buy, a glossary that explains industry terminology, a collection of articles that cover the basics about life insurance, and a blog which answer many questions about life insurance. For additional information or to get quotes for cheap term life insurance, please call 1-888-314-4455.

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Related Life Insurance Cost Press Releases

Walnut Creek, CA (PRWEB) August 12, 2011

Bay Area home insurance, EQ Insurance Service announces they recently discovered that the California Earthquake Authority?s (CEA) Policy Disclosure needs further explanation. For all current CEA policyholders and those individuals looking to pick up the coverage, it is important to carefully read their policy disclosure.

?Do you know if you have a CEA policy? Did your CEA agent go over the issues highlighted with you and provide you with an alternative insurance program that has a guaranty and does not surcharge for future premiums,? asks Johnny Huang of EQ Insurance Service.

The California Earthquake Authority is a publicly managed, privately funded organization that provides catastrophic residential earthquake insurance in the Bay Area. EQ Insurance warns homeowners that they could be facing a bigger problem than the damage from an earthquake.

According to CEA?s policy disclosure, if losses from an earthquake exceed the available resources of the CEA, this policy is not covered by the California Insurance Guaranty Association. Therefore, the California Insurance Guaranty Association will not pay the policy holders? claims or protect their assets if the CEA becomes insolvent and is unable to make payments as promised. Also, CEA has the right to subject policy holders to additional charges of up to 20 percent of the premium if an earthquake or series of earthquakes have exceeded the CEA?s available financial resources. This means that homeowners may pay more premiums than their original quote had stated.

It is EQ Insurance?s stance that the CEA should be required to explain why a homeowner should pay a premium for a policy that has a good chance of never paying off when a catastrophe hits or why it is appropriate to charge customers more than the agreed upon sum. It was also recently discovered that the CEA is an insurance program run publicly and is not an actual insurance company.

It is better for homeowners to get quotes from insurance companies that participate in the California Guaranty Association and guarantee to pay claims up to $ 500,000 in the event the insurance company becomes insolvent. EQ Insurance Service will provide homeowners with an earthquake policy that has a guarantee to meet the needs of every family when this life-threatening catastrophe strikes.

?It would be beneficial for homeowners to obtain quotes from companies that have backing from the California Guaranty Association by insurance companies,? said Huang.

For more information, call (866) 945-8800 or visit http://www.eqinsuranceonline.com.

About EQ Insurance Service

Bay Area EQ Insurance Service in Walnut Creek has more than $ 10 million in written premium, providing claimants the access to insurance companies that can offer the most comprehensive earthquake policy. They can also provide home insurance and commercial insurance. In the event of an earthquake, having the ability to keep a quality living standard while repairing a home is important.

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Find More Life Insurance Policy Press Releases

www.equote.com No Medical Life Insurance Quotes are becoming more popular as we seek a more efficient way to purchase a term life insurance policy. Connect with Equote at (800) 354-1666 or stop by the Equote.com office at 2731 Shelter Island Dr. San Diego, CA 92106 for your no medical life insurance quote.
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Irvine, CA (PRWEB) August 30, 2011

CPS Insurance Services (CPS) is proud to promote the eighth anniversary of Life Insurance Awareness Month (LIAM) this September in an effort to raise awareness about the importance of Life Insurance and the vital role it plays in securing your families? financial future.

Pensacola, FL (PRWEB) August 10, 2011

In the July issue of Life Insurance Selling magazine, Michael Gray, Jr., CEO of MEG Financial is featured in an article on indexed life insurance titled, “The Ins and Outs of Indexed Products.” The article provides invaluable insight to life insurance agents across the country on uses of equity index life, target markets and how to avoid potential pitfalls when advising clients on indexed products.

An equity indexed life insurance policy is a flexible vehicle for providing death protection with a great opportunity to grow supplemental retirement income with significant tax benefits. The chief advantage of indexed life is that excess premium deposits can be allocated to an “indexed account” that allows clients to earn “stock market type” returns without the risk normally associated with equity investments.

With an indexed life policy, the indexed account is linked to the upward movements of an associated stock market index, such as the S & P 500 Index, that sets a “ceiling” on the upside growth, usually around 12% but most importantly establishes a “floor” of 0% on the downside. In other words, if the the underlying index gains 20% over a one year period, the indexed cash value account is credited with a gain equal to the 12% ceiling or “cap”. On the other hand, if the underlying index loses 20%, the policy will receive 0% for index credits but the “floor” will protect against the loss of existing cash values.

In the article, Gray states “when considering the volatility of the equity markets over the last 10 years and the current state of our economy, many people are just not comfortable with their investment portfolios and the uncertainty of future returns. Indexed products provide for downside protection of cash values with the potential for significantly higher returns than a typical fixed account. With indexed life, the dual benefits of death protection and the potential for significant cash accumulation without the risk associated with equities is extremely attractive.”

Michael E. Gray, Jr. is an independent insurance agent and the CEO and Founder of MEG Financial, a national life and disability insurance brokerage agency located in Pensacola Florida. His primary expertise is life and disability insurance with emphasis on term, universal and equity indexed life insurance, finding coverage for people with tough health risks and business life insurance including key man insurance. Gray routinely qualifies for the Million Dollar Round Table, the life insurance industry’s premier association. He has also also developed an extensive website on equity indexed universal life insurance as well as a comprehensive site on term life insurance. [Life Insurance Selling magazine is written for the comprehensive insurance producer who offers multiple product lines to clients while focusing on the life insurance product market. Life Insurance Selling offers in-depth, field-tested sales strategies directly from industry producers who provide selling insight and best practices to readers. Life Insurance Selling focuses on innovative and practical sales tools and product information designed to help the producer educate their clients and build their book of business, across a multi-generational client base.

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Orland Park, Illinois (PRWEB) August 23, 2011

In honor of September being National Life Insurance Awareness Month, United Security Life and Health Insurance Company (USL&H) is increasing the dollar amount donated to the Fisher House Foundation. With this new pledge, in addition to donating one dollar for every new business application written in 2011, USL&H will be donating an additional ten dollars for every new life insurance policy written in September.

Sandra J. Horn, President, USL&H shared, ?Life insurance is a security no one, especially someone with children, can afford to be without. As a company that sells life insurance, during National Life Insurance Awareness Month we wanted to not only put forth additional resources to educate people about the importance of life insurance, but financially support a group of individuals whose parents have given the ultimate sacrifice for each and every American. The Fisher House?s Heroes? Legacy Scholarship for children of fallen and disabled service members helps to ensure the ability to obtain continued education by providing financial dollars.?

Since its inception, insurance has been about transferring risk, thereby avoiding the anxiety of potential loss. Life insurance helps to ensure that the insured?s family will be safe from the effects of losing the sole provider?s contribution to the household income. ?Life insurance is a tangible expression of love and concern. A life insurance policy provides the insured with the actual ability to have a positive influence on the future of those they love,? added Horn. ?If someone will suffer financially when you die, chances are you need life insurance. Life insurance provides cash to your family after your death. This cash replaces your income and can help your family meet many important financial needs like funeral costs, daily living expenses and college funding. Plus, there are no federal income taxes on life insurance benefits,? Horn further explained.

USL&H currently offers two life insurance products, E-Z Life Simple Issue Life Insurance and First Step Children?s Whole Life Plan. Both boast attractive features like direct monthly billing, a simplified underwriting process, no medical examinations, are non-cancellable for the life of the policy as long as premiums are paid, and provide a cash value. USL&H plans on introducing a term life insurance product later this year.

About United Security Life and Health Insurance Company:

USL&H is a regional insurance carrier that offers cancer, disability income, health and life insurance products to individuals and families. Founded in 1973, USL&H is licensed to sell its products in Arizona, Arkansas, Illinois, Indiana and Missouri and Nebraska through a network of independent insurance agents. USL&H has named the Fisher House Foundation as its charitable partner for 2011. USL&H will be donating one dollar to the Fisher House Foundation for every new business policy that is written in 2011. Company employees will also participate in a variety of special fundraising events that will benefit the Fisher House. For more information on United Security Life and Health Insurance Company please visit the company?s website at http://www.unitedsecuritylandh.com.

About Fisher House

Fisher House Foundation is best known for the network of comfort homes built on the grounds of major military and VA medical centers. The Fisher Houses are 5,000 to 16,800 square-foot homes, donated to the military and Department of Veterans Affairs, where families can stay while a loved one is receiving treatment. Additionally, the Foundation ensures that families of service men and women wounded in Iraq or Afghanistan are not burdened with unnecessary expense during a time of crisis.

Located in close proximity to the medical center or hospital it serves, each Fisher House consists of between 8 and 21 suites, with private bedrooms and baths. Families share a common kitchen, laundry facilities, spacious dining room and an inviting living room with a library and toys for children. Fisher House Foundation ensures that there is no fee to stay in a Fisher House. Since inception, the program has saved military and veteran families an estimated $ 165 million in out of pocket costs for lodging and transportation.

Fisher House Foundation operates the Hero Miles Program, using donated frequent flyer miles to bring family members to the bedside of injured service members. To date, Hero Miles has provided over 24,000 airline tickets to our military and their families. The Foundation also manages a grant program that supports other military charities and scholarship funds for military children, spouses and children of fallen and disabled veterans.

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Jack Bendahan the Lifeman and Toronto’s Life insurance advisor, gives you a very quick critical illness insurance summary along with the statistics on critical illness insurance and why its so very important to get this protection at a young age. This policy is offered by many life insurance companies including BMO insurance, RBC insurance, Sun Life, life insurance types including term insurance, and whole life insurance. For more information on critical illness insurance as well any other type of life insurance or for the best toronto life insurance quotes visit lifeman.ca
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Silence of Love : Thai Life Insurance Commercial with english captions. enjoy.

latimesblogs.latimes.com New TYT Network channels: www.youtube.com www.youtube.com New TYT Facebook Page(!): www.facebook.com Follow us on Twitter: twitter.com www.theyoungturks.com DISCOUNTS: www.theyoungturks.com FREE Movies(!): www.netflix.com Note: The above two links are for TYT sponsors. Read Ana’s blog and subscribe at: www.examiner.com TYT Network (new WTF?! channel): www.youtube.com Check Out TYT Interviews www.youtube.com Another one of California’s largest health insurers has stunned individual policyholders with news of huge rate increases — this time it’s Blue Shield of California seeking hikes of as much as 59% for tens of thousands of customers March 1. Blue Shield’s plan comes less than a year after Anthem Blue Cross tried and failed to raise rates as much as 39% for about 700000 California customers. San Francisco-based Blue Shield said the increases were the result of fast-rising healthcare costs and other expenses resulting from the new healthcare laws passed last year. “We raise rates only when absolutely necessary to pay the accelerating cost of medical care for our members,” the company told its customers last month. In all, the insurer said that 193000 policyholders would see increases averaging 30% to 35%, the result of three separate rate hikes since October that have been rolled into one for about 7000 members. Nearly one-quarter of the affected customers — 44000 — will see cumulative increases of more than 50% over five months. Blue Shield …

www.TheFinancialCoach.com The Financial Coach Bryan Binkholder educates individuals on the basic characteristics of the various types of life insurance
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www.LifeInsuranceInformationSite.com (Term Life Insurance Quotes) Term Life Insurance, Instant Quotes, Compare Online | IntelliQuote Get instant term life insurance quotes from top life insurance companies. Compare term life insurance quotes online and choose the policy that is right for…
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