HUMAN INSURANCE

By Andrew Enriques

As I've touched on before in previous articles, there are many different ways in which one can calculate how much term life insurance coverage to buy. There are web based financial calculators that you can use, as well as manually tallying up your liabilities and buying coverage to eliminate those upon death, or amounts solely to cover burial expenses, etc. The list goes on and on. All of the methods are valuable and can give a fairly accurate estimate about how much coverage one needs to make sure that their loved ones are taken care of financially.

One method that I am partial to and use in my business when the client is open to it, is to calculate the economic loss that a premature death would cause. This is known as "human life value." For the sake of this article I will focus only on the financial aspect of loss, not the plentiful other qualities that make up a persons value, which would be missed if they were to die.

Calculating this value is remarkably simple. For example, let's assume our client is a reasonably healthy, 45 year old male. He currently earns $100,000 per year and is planning to retire at age 65. If we multiply his current salary, $100,000 times the 20 years left until retirement, then the gross value is $2 million. Once we know our gross amount of coverage, we then subtract out the taxes he would have paid, and add in the anticipated cost of health insurance for the family, since his benefits cease once he dies.

In most cases, this number will be much higher than the client had anticipated, and we will then perhaps discuss other assets he owns which he would leave to his family which will assist them financially.

Also, it is important to know how much he is willing to pay for term life insurance. It is important that the premium not be so high that he would have to terminate his coverage if his financial circumstances changed.

Andrew Enriques is the managing agent for VivaQuote.com, an online life insurance consultancy dedicated to answering questions about life insurance planning, and providing a wide selection of insurance and annuity products from the most reliable companies in the industry. For more information, help with a question, or to compare life insurance rates instantly, please visithttp://www.VivaQuote.com. Article Source: http://EzineArticles.com/?expert=Andrew_Enriques

AUTO INSURANCE

By Sarah Anne Miller

The best auto insurance carriers will high on benefits and very low on disappointments. This article will help you to identify those benefits you should be aiming for. You see it's not just about getting insured, there's a real litmus test that has to be applied. After reading this article you'll be able to apply this test and make the best of any insurance policy you choose - from a top notch provider of course.

Benefit #1 - High Payout Frequency
Many times people get insured and everything is fine until they have to make a claim. This is the single biggest benefit that you should focus on when choosing a carrier since no payout means an absolute defeat of being insured in the first place.

Benefit #2 - Low Deductible Requirement
One of the inherent costs associated with insurance is the deductible. This amount represents the money that you'll have to fund towards any accident. This amount varies from carrier to carrier, but you should always aim to go with one that has a low initial deductible requirement. You can always increase the amount to save on the quote, but in the initial phase, you should always chose a low amount.

Benefit #3 - Courtesy Car/Roadside Assistance
The cost of insurance is very high these days and so if you are going to pay a lot, you should get a lot. Benefits like a courtesy car (should yours have to go into the shop) are important in giving you a bit of continuity and convenience. You should also choose carriers that have roadside assistance built in as a standard part of their policies.

Benefit #4 - Low Upfront Costs
Like I said in benefit number 3, insurance is costly these days. But this doesn't mean you shouldn't try to save money. Choose carriers that allow for a reduction in initial quotes. This can be achieved by mentioning the addition of things lie alarms and immobilizers.

A good carrier will also allow you to save on costs by taking defensive driving courses and by also getting rid of any expensive modifications that may have been on your car for a previous policy.

There you have it, four of the key benefits that any top notch carrier will bring to any policy you choose. Remember, the best auto insurance carriers should always live up to this accolade. You now have a sound criteria for testing their claim to greatness.

How to Get Cheap Auto Insurance Quotes in 5 Minutes or Less: CLICK HERE for my top 3 recommendations on cheap car insurance quote providers. Within 5 minutes or less, you'll receive multiple quotes from several national and local providers. Best of all, it's completely FREE, with absolutely no obligation whatsoever. No need to wish you luck...it's fast and easy to find the best auto insurance carriers. --Sarah Anne Miller Article Source: http://EzineArticles.com/?expert=Sarah_Anne_Miller