Personal Finance

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Two Types of Policy: Term Life Insurance and Permanent Life Insurance

A life insurance policy is mortality based insurance contract provided by a life insurance company. The life insurance policy guarantees death benefits to policy holder in the event of death. The life insurance policy has economic value on a human life.

This also can be referred as human life value. Thus, a life insurance policy is vital aspect in our life and it is required to safeguard financial impact in the event of death.

Think about a family which relies on both husband and wife for the income source to pay monthly bills, children’s expenses etc. In such situation, a life insurance policy on both the husband and the wife would be a good idea.

The business associates can also use a life insurance policy to purchase on another’s assets in the event of unexpected death of an associate. An important employee in a business whose death would cause financial danger with the company is often insured with a life insurance policy.

There are two types of life insurance policy – Term Life Insurance Policy and Permanent Life Insurance Policy. The term life insurance policy is for a temporary life insurance need such as the period of time during which children are in school.

On other hand, permanent life insurance policy provides lifetime insurance protection and does not expire until you pay the premiums. It accrues cash value and is designed for long-term or permanent needs. These types of policies include Universal Life, Whole Life and Variable Life.

The life insurance death benefit is generally paid in a lump sum however the beneficiary can choose to obtain the death benefit of life insurance in the form of an annual installment.

http://www.RateDetective.com.au continually supervises the most important information on life insurance policy in order to provide you low-cost, high quality and excellent life insurance service.

More information http://www.ratedetective.com.au/insurance/life-insurance

July 31, 2010 Posted by | Insurance | , , , , | Comments Off on Two Types of Policy: Term Life Insurance and Permanent Life Insurance

American Life Insurance-one of the Most Trusted Company

American Life Insurance  the most trusted company which has a reputation of about 87 years. This company is one of the globally recognized life insurance companies and it has a number of branches all over the world which has a vast customer line following. American Life Insurance gives various tax benefits to all its insurance policy holders and it also takes care of all your life insurance related policies like retirement insurance policy, wealth management policy, medical insurance, health insurance etc.

Life insurance basic terms as you know is an important factor in every person’s life and when it comes to life insurance age is not the main criteria when it comes to get your life insured. American Life Insurance also known as AIG insurance company and majority of Americans has insured themselves with this life insurance company. The market value of this company is high and you can find the companies ratings in the financial books due to their vast financial transactions with other financial institutes.

There are two major life insurance policies that this AIG Insurance Company deals with i.e. the Term Life Insurance and Whole Life Insurance. In case of Term Life Insurance the policy taken is for a short period of time and Whole Life Insurance is where you get yourself insured for your whole life.

AIG insurance company is one such life insurance company that charters to the needs of the common person. One of the benefits of getting insured in this life insurance company is that you reap a rich harvest of life insurance benefits on all your life insurance policies which no other life insurance company provides you as this company provides you with the benefits when you are still alive.

This life insurance company in order to increase its relationship with their vast flowing customer’s have started life insurance online services which has made it easy and convenient for them to get themselves and their family members insured staying within the very comforts of their own house. AIG Insurance is one of the most sought of companies and it is a tough competitor to other life insurance companies.

July 31, 2010 Posted by | Insurance | , , , , | Comments Off on American Life Insurance-one of the Most Trusted Company

Online Personal Finance Software Can be Used Anywhere

Many people don’t understand the concept of online personal finance. This is because up until recently, the only way for many people to deal with their finances was through hand written calculations, hand-written reminders, and by dealing with their bank. Well this has all changed with the use of online personal finance programs, not only do online finance programs allow customers to track all aspects of their finances but with many programs these services are free!

The best thing about online personal finance software is that it isn’t like doing business with a person. The services that it provides are available at anytime of the day or night, as long as you have an Internet connection. This means you can check on your bank accounts, credit cards, payments, and investment accounts from anywhere in the country, even out of the country if you have proper internet connection. Another benefit to using personal finance software is that is it normally quick and easy to use. The layouts of the programs used are very easy to follow so if you aren’t the most tech-savvy person there is no need to worry. Also, signing up for online financing software is very easy it takes less than 10 minutes and the benefits can help you for the rest of your life.

If you are nervous about using the internet to deal with your finances there is no need to worry. Many Online Personal Finance software programs use the same protection and security that banks use, this lowers the chances that your personal information could be leaked through the internet into another person’s hands. For services like this one of the top priorities is the safety of the clients money and making sure that it is kept private. Also, it is very unlikely that with any online personal finance software programs that you will be allowed to move money in and out of accounts. The goal of this software is to help you keep track of your money, not move it around. This should make you feel better about the use of the program.

Another huge benefit to using online personal finance software is that at any time of the day your information is up to date and ready to be looked at. This can be a great tool if you are in the supermarket and don’t know if you have the money to spend on a few additional groceries. This can be a great budgeting tool when you are looking to save money, especially right now with the economy in such poor shape. Using this software to budget and calculate your money will help you stay on top of your priorities.

July 23, 2010 Posted by | Personal Finance | , , , , | Comments Off on Online Personal Finance Software Can be Used Anywhere