Life insurance is a type of insurance that pays a cash benefit to your family (or another person you name
on your policy) when you pass away. Life insurance can help your family pay for living expenses or
college tuition and other educational expenses. The insurance benefits can even help pay for your burial
or outstanding debts. With certain types of life insurance policies, you can take advantage of the money
you’ve paid into the insurance policy even while you are still living.
Most often travel insurance can be purchased when booking a trip with your travel agent or by purchasing
travel insurance online. This insurance protection can give you some peace of mind when planning a
major vacation, international trip, or a cruise. And with geo-political issues soaring to new heights, travel
insurance has become a more viable option than ever. It is necessary to understand, however, that of the
large number of travel insurance companies, some are good and some are not so good, so you do need
to take a close look at the details.
If you're in the process of buying a home or have purchased a home in the past, you may have come
across a fee labeled "Title Insurance" when evaluating your closing costs. The obvious questions may
have arisen: just what is title insurance, and why do I need it?
Simply put, title insurance is insurance that compensates for loss from a defective title or liens that should
have been known initially. Real estate title insurance is designed to protect the homeowner or lender's
Think about the items you have in your home – furniture, electronics, appliances, clothes, and jewelry.
Now think of how hard it would be to replace those items if they were lost. Whether you’re a homeowner
or renter, you should have personal property insurance to cover damages you receive to your property
after a fire, theft, or other catastrophic event.
Actual Cash Value vs. Replacement Cost Coverage
When you choose personal property insurance, you’ll have to choose between actual cash value
coverage and replacement cost coverage. Actual cash value
America’s elderly with special needs and their loved ones have always paid a high price for long-term
medical care. The emotional and financial toll of an extended stay in a care facility or nursing home can
be extremely costly. A 2005 study by MetLife’s Mature Market Institute showed that the average cost for
a private nursing home room increased 5.7% from 2004 to 2005. That means
in most states, it exceeds $200 a day. Costs of in-home care weren’t spared either, increasing 5.5%.
