If you have a spouse, children or both and their current and future standard of living is dependent on the money that you bring home every month, then Term Life Insurance is the best financial purchase that you will ever make! For just a few cents per day you can guarantee that if something unforeseen happens to you, they will not have their future will assured.

The Purpose of Term Life Insurance

Nothing can be any simpler than Term Life Insurance. In exchange for a set premium the insurance company promises to pay your beneficiary (the person designated to receive the proceeds) the full amount of your policy.

This type of insurance policy does not build any cash value. You simply decide how long you want the coverage to last and pay the specified premium. The longer the length of coverage the higher the premium.

Here is an example for a $100,000 policy for a 35-year-old male non-smoker:

A ten-year term policy is $7 monthly, A twenty-year term policy is $9 monthly and a thirty-year term policy is $13 monthly

Here is an example for a $100,000 policy for a 50-year-old male non-smoker:

A ten-year term policy is $14 monthly, A twenty-year term policy is $21 monthly and a thirty-year term policy is $36 monthly

How Long Do You Need Life Insurance For?

Most people will need coverage for longer than they may think. Consider these reasons for buying life insurance and the appropriate time frams:

You have young children and you want to guarantee that in the event of your premature death (isn’t all death premature?) their college is paid for. In this case either a 25 or 30-year term policy would be best.

You have a mortgage on your home and it currently requires your income as well as that of your spouse to make ends meet. Since most mortgages are of the thirty-year variety, I would look for a 30-year term policy.

You and your spouse are age 50 and empty nesters but it requires both incomes to maintain your standard of income, including saving for retirement. In this case a twenty or thirty-year term policy is ideal.

Buy the Least Expensive Policy That You Can!

Regardless of the insurance company a $100,000 twenty-year term policy will pay $100,000 in the event of death. Since you do not build any cash values it doesn’t matter what company you choose to buy from. The one caveat is that you only want to buy from an insurance company that is rated “A” or better by A.M. Best. These are the companies with the strongest financials. On my website you can shop the rates of the best life insurance companies in the United States.

Shopping is critical because but rates will vary significantly from one company to the next. Rates for $250,000 Thirty-Year Term policy for a 40-year-old female non-smoker with no physical exam can have monthly premiums as low as $24 with the least expensive insurance company to as high as $36 monthly to the most expensive insurance company. In all cases the death benefit is identical. My suggestion is to buy the least expensive plan!

If You Are Healthy – Change Plans and Save Money!

Rates on term life insurance have been steadily decreasing over the last thirty years. Just because you purchased a twenty-year policy five years ago does not mean that you cannot save money or extend your coverage for the same premium by switching companies. Unlike cash-value life insurance you have nothing to lose by changing plans. But you may have a lot of money to lose by not switching. And in today’s economic world we must make our dollars work harder for us!

48% Of Americans Die Without Leaving Life Insurance Benefits

While the fact that 40% of Americans dies without leaving any life insurance benefits is shocking, another 21% of Americans reported that a loved one died and did not leave enough life insurance. These statistics beg the question: why would an income earning spouse or parent not buy life insurance to protect their dependent’s futures?

One study found that many people put off buying life insurance because they found all very confusing. To those people I have some very good news! Term insurance is simple. You simply choose the number of years that you want coverage, get some rates and then choose the least expensive policy.

Another reason that many people do not buy life insurance is because they do not want to deal with an insurance agent. These individuals see insurance agents as little more than salespeople and no one wants to be sold. There is very good news on this front as well. As a result of advances in technology there are websites like mine where you can get a quote and enroll without ever talking with an insurance agent, unless of course you want to!

Term Life Insurance Has Never Been Cheaper

A 35-year-old make non-smoker can get $100,000 of twenty-year term life insurance for $9 a month. This same individual can leave his family the same $250,000 twenty-year term life insurance for only $4 a month more.

So don’t put off protecting your family’s financial future.

Worker’s compensation is designed to offer protection for workers when they are injured in their line of duty at the work place. The benefits make it possible for the injured workers to get necessary medical intervention and at the same time lead a normal life, even when they are not in a position to work or as they take time out to heal. Employers and insurance companies are always out to get the best terms in their favor from the claims and you would need a worker’s compensation attorney to help you also fight for what you rightfully deserve when you are injured working.

The claiming process can be tedious especially when you know nothing about how to get the best from it but with the help of your attorney you will definitely have the guidance to get the best results. But even with the professional assistance, you also need to know a few things about the compensation so that you know how to increase your chances of getting rewarded as you deserve depending on the extent and seriousness of the injuries sustained.

1. Notify employer of the injury soonest

Important to note is that the worker’s compensation claim system comes with deadlines. It is therefore very important that you report the injury to your employer as soon as it occurs; delaying makes it possible for employers to claim you were injured elsewhere. Delaying also risks your claim being denied if you fail to meet reporting deadlines.

2. Get the right medical attention

Medical treatment sought after the injury should be from professionals and you should also ensure that the diagnosis is recorded. You can work with your employer on where to get the medical attention or the insurance company so you get to be seen by a specialist or a doctor who is approved.

3. Let the doctor know you got injured at work

This is very serious if you are seeking to follow your worker’s compensation claim. The doctor should be aware that you were injured at the place of work so they can handle your case with the scrutiny that it deserves. You should also ensure that you fill out the medical forms as appropriate with this regards. Remember that under the law you can have medical bills covered and hence there is the importance of ensuring that medical records prove that your injuries are indeed work related.

4. Keep all records safe

Successful claims need to be as detailed as possible so there is reduced risk of rejection. Missing records can be what makes your claim rejected and you therefore should ensure that your medical forms, accident reports, expense records and even mileage to and from your doctor are all well recorded and documents kept safe. Apart from being detailed with your reports, also ensure that you are honest as you fill the paperwork.

5. Get a reliable attorney

A worker’s compensation attorney will help you with the process, especially when you are seriously injured making it difficult for you to follow up everything. They also ensure your employer gets involved and makes it harder for an insurance company to pay you a little money for the claim.

One of the first elements attorneys consider in a malpractice case is the type of insurance the accused medical professional has and the liability coverage limits of the specific policy. Different insurance types and liability limits warrant different case strategies.

If you are considering filing a medical malpractice claim, you may find it helpful to know more about malpractice insurance and how it may impact your case. There are two primary types of medical malpractice insurance coverage: claims-made and occurrence coverage.

Claims-made medical malpractice coverage

Similar to home or auto insurance policies, claims-made insurance policies cover malpractice that takes place during the policy period. Unlike traditional home or auto insurance, however, for a claim to be covered, it must also be reported to the insurance company during the active policy period.

If a claims-made malpractice policy is switched to a new carrier or canceled for any reason without provisions to extend coverage beyond the coverage period, no benefits will be paid, even if the act of malpractice occurred while the policy was in force. Instead, a medical provider could be held personally liable for the costs associated with your claim, without a liability cap.

Your attorney knows to explore the insurance coverage of the accused medical provider in your claim to determine exactly how coverage-or lack of coverage-may impact your case.

Occurrence medical malpractice policies

An occurrence policy insures for any incident that occurs while the policy is in effect, regardless of when a claim is filed, even if the policy has been canceled since the act of malpractice occurred. Occurrence policies take into account current and future claims of malpractice, although the limits of liability are those in effect when the incident occurred.

Under an occurrence insurance policy, your medical malpractice lawyer knows going into the lawsuit what the liability limits will be in your case and plans the strategy of your case accordingly.

How does malpractice coverage work?

Imagine an incident of malpractice occurred on July 1, 2004. The treating physician became aware that there may be a possible claim on July 1, 2005 and notified the insurance carrier then. On July 1, 2006, a medical malpractice claim was filed.

• An occurrence policy in effect on July 1, 2004 would cover the claim, despite when the actual lawsuit was filed or notification made to the insurance company.
• A claims-made policy in effect on July 1, 2006 would cover the claim, as long as the retroactive date is no later than July 1, 2004.
• A claims-made policy in effect on July 1, 2004, but terminated as of July 1, 2005 would deny the claim because the active coverage period ended before the claim was reported to the insurance company. If the physician did not purchase “tail” coverage to extend the provisions of his malpractice insurance of 2004, the physician may become personally liable for the costs associated with this malpractice claim.