The Insurance Cowboy: Have you ever hit something in the road on the fre...

The Insurance Cowboy: Have you ever hit something in the road on the fre...: Have you ever been driving down the road and all of a sudden something is on the road in front of you and you hit it. I hate it when that ha...

Have you ever hit something in the road on the freeway?

Have you ever been driving down the road and all of a sudden something is on the road in front of you and you hit it. I hate it when that happens. Car insurance seems to come into play more times than not. When the insurance adjuster interviews you about what happened, they are asking probing questions trying to determine if the object you hit was "moving" or "stationary". If the object was moving when you hit it, the claim is a "comprehensive" claim and will NOT be considered an "at fault loss" and will NOT raise your insurance rates. However, if the object was "stationary" and you hit it, it is a "collision" claim and WILL be considered an "at fault" accident and the claim will cause your insurance rates to increase. That increase will stay with you for 3 years. Make sure you are very clear in your own mind as to what happened BEFORE you talk to the insurance company and adjuster.

The Insurance Cowboy: Why Buying Term and Investing the Difference is a ...

The Insurance Cowboy: Why Buying Term and Investing the Difference is a ...: The phrase "Buy Term life Insurance and invest the difference", is at best a very flawed concept for 97% of the population. Term life insura...

Why Buying Term and Investing the Difference is a Bad Idea!!!

The phrase "Buy Term life Insurance and invest the difference", is at best a very flawed concept for 97% of the population. Term life insurance is the cheapest way to get a lot of coverage. The main characteristic of Term life Insurance is that the premium will constantly rise. Some policies every year, some every 5,10,20, and 30 years. Whole Life Insurance or Permanent life Insurance by contrast maintains a level premium through out the life of the policy. the premiums are however higher than Term. The concept of buying term and investing the difference is theoretically sound but unrealistic for most. 97% of people are not disciplined enough to actually take the difference in premium and actually, consistently invest it. life tends to get in the way and before long those funds are committed to other bills. because Term Insurance continually rises, there is a point where it becomes unaffordable. The reality is that when you are older and need the life Insurance the most, it has become unaffordable and the coverage is dropped and the policy becomes "out of force" and the lives of those left behind are left to "pick up the pieces" with no help from the life Insurance policy. Whole Life is expensive when you begin but as time goes by,your earning power increases but your premium stays the same and it continues to become easier to pay the never changing premium. The bottom line is Whole Life policies typically stay in force and bless the lives of loved ones at the time of passing. Term, on the other hand, typically are dropped well prior to the insureds death, thus leaving loved ones without and help for final expenses and the care of their loved ones. Be Smart, Buy Permanent level premium Life Insurance.