Term insurance is a type of life insurance where you pay a monthly premium for a set term of coverage, usually in blocks of 10 years. After the term expires, you lose the life insurance coverage, but you also no longer pay premiums. Term life insurance is different from whole life insurance in that it’s not usually considered an investment, but mostly a protection for family members in case the primary earner dies. When that occurs, the family receives a cash benefit from the term insurance policy.
Filling out a quit claim deed for a limited liability company is not difficult, but it must be done accurately. The best way to make sure your quit claim deed is filled out correctly is by consulting a real estate attorney. Another important aspect of filling out a quit claim deed, is checking with your title company to make sure the LLC is covered under your title insurance. Using a quit claim deed to convey a title to an LLC may cancel any coverage under the original title insurance policy.
On this week's show, Ilyce continued the discussion about President Bush's new health care plan. She also talked about her January Blues party, how it's possible to give great parties for less -- if you're willing to be a little bit creative. Several callers had comments on the health care story, and others asked for information on long-term care insurance, particularly in the wake of the Governor's information mailing that recently went out.
There are many types of insurance available: homeowner's or renter's insurance, auto insurance and health insurance, life insurance (term or some version of whole life), long-term care insurance, disability insurance, business insurance, and excess liability coverage, also known as umbrella insurance. These days, it seems as though there is an insurance policy for every sort of situation a consumer might face. Which insurance is right for you?
Ilyce starts the show with a discussion about the 9/11 anniversary and the aftermath of Katrina. Ilyce then takes calls on topics from comparing variable universal life and term life insurance to flood insurance not being included with many homeowner insurance policies.
You know you need it, but how much life insurance you should buy is still a mystery.
If you're worried about how your family will support itself after you're gone, it may be time to update your term insurance policies. And now is a good time to do it, since some insurance companies have already raised the price of some of their term life insurance policies.