Read our informative Life Insurance FAQ

Q: Do you dread the complicated business of obtaining term life insurance?
A: Our on-line system will guide you effortlessly through the insurance selection process

Q: Do you need life insurance but don't have the time to shop around?
A: Our powerful search engine will do the 'research and rate-comparison' work for you.

Q: Do you need Life Insurance that's reasonably priced?
A: Our service provides the lowest rates and best insurance value.

With Our Term Life Insurance Services, you can expect easy, quick and affordable term life Insurance.

Q: What is homeowners insurance, and who should buy it?
A: Homeowners is one of the most popular forms of personal insurance on the market. The typical homeowners policy has two main sections: Section I covers your property, and Section II provides personal liability coverage (to cover you in case of lawsuits arising from things that happen on your property). Almost anyone who owns or leases property should have this type of insurance. Often, homeowners insurance is required by lenders as a requirement to obtain a mortgage.

Q: What should I consider when buying homeowners insurance?
A: First and foremost, buy the amount and type of insurance you need. Remember: if your policy limit is less than 80% of the replacement cost of your home, you will face a "coinsurance penalty," which means you’ll have out-of-pocket expenses to cover costs beyond your policy’s deductible. For example: Your home's estimated replacement value (RCV) is $100,000. The co-insurance clause requires you carry at least $80,000 (80% of your RCV), so you would be underinsured by half if you bought a $40,000 policy. In such a scenario, the company would pay half of a loss less the policy deductible - so if you had a $500 deductible and suffered a $10,000 covered loss, your policy would only pay $4,500.

Also, figure out how much personal property insurance and personal liability coverage you need. Personal property, like a home, should be insured for its replacement value. Personal liability is a bit more subjective, but limits should not be less than those on other liability insurance such as auto. Seek advice from a financial or legal professional if in doubt. Finally, think about the extras you could add to your policy. For example, do you want the personal property replacement cost endorsement or the earthquake endorsement? Finally, once you have decided on the coverage you want, you can decide which insurer you would like to purchase the insurance from. You should also decide whether you would like an insurance agent to help you make decisions or you want to buy the product directly from an insurer without an agent

Q: Where and when is my personal property covered?
A: Coverage C, the named perils coverage, applies to all your personal property (except property specifically excluded) anywhere in the world. For example, suppose that while traveling, you purchased a dresser and you wanted to ship it home. Your homeowners policy would provide coverage while the dresser is in transit - even though the dresser has never been in your home before.

Q: If I have an accident I think is covered under my homeowners policy, what should I do?
A: Insurance contracts are conditional contracts, which means policyowners have certain responsibilities to meet if a covered loss occurs. Not completing these can result in non-payment by the insurance company for losses that otherwise would have been covered. These include: (1) notifying the insurance company or the agent that a loss has occurred -- this should be done as soon as you discover the loss; (2) protecting the property from further damage and/or making any repairs necessary to prevent further damage; (3) preparing a detailed list of the personal items damaged that contains descriptions, the items’ actual cash value, or their replacement cost if you have added the replacement cost endorsement to your policy; (4) being prepared to show the company and/or the insurance agent the damaged items; (5) completing a statement for the insurance company that explains how the loss occurred -- for example, the time the damage occurred, the cause, etc.

Q: Who pays for my legal defense costs if I am sued?
A: In the unfortunate event that you are sued, your homeowners policy will not only cover the cost of your legal defense, but your insurance company will also provide the legal counsel.

Q: What can I do to lower the cost of my homeowners insurance?
A: The best thing to do is to shop around. You could find quotes on homeowners insurance that vary by hundreds of dollars for the same coverage on the same home. When you shop, make sure each insurer is offering the same coverage. Many insurers use the ISO policy forms, but this is not always the case. Another way to cut costs is to look for discounts that apply to you. For example, many insurers will offer a discount when you buy both your automobile and homeowners insurance from them. Some insurers offer discounts if you have deadbolt exterior locks on all your doors, or if your home has a security system. Ask your agent or company about discounts. Another easy way to save is to raise your deductible. Increasing your deductible from $250 to $500 will lower your premium, sometimes by as much as five or ten percent. However, you should be sure you have enough cash on hand to cover the larger deductible in case of emergency.

Q: Do I need earthquake coverage? How can I get it?
A: Direct damages due to earthquakes are not covered under standard homeowners insurance policies. And unless you live in an area prone to earthquakes, you probably don’t need it. If you do live in a part of the country with high earthquake activity you may want to consider adding an earthquake endorsement to your homeowners insurance policy. This will cover damages due to earthquakes, landslides, volcanic eruptions and other earth movements

Q: What is Universal Life Insurance?
A: Universal Life is more flexible than Term or Ordinary Life. People who have Universal Life can change the level of the benefits or the premiums with little difficulty. A Universal Life policy has a death benefit and cash value. The insured person withdraws cash from the account to pay for the cost of maintaining the policy. There must be sufficient money in the account to ensure that the cost of the desired death benefit is covered. The policy's cash account earns a guaranteed interest rate.

Q: What is Term Life Insurance?
A: Generally, term insurance provides maximum coverage for the lowest initial cost because it pays a benefit only if you die during the term of the policy. Insurance plays a vital role in proper financial planning. People who buy it may do so for several reasons such as:

They have a temporary need which lends itself to a temporary solution, i.e., raising children, education, paying off a mortgage, a business buy/sell agreement.


They have a permanent need for protection (such as liquidity for the purpose of paying estate taxes), but since term is initially less expensive, it fits better into their current budget. These people might purchase a plan with the intention of converting to permanent protection at a later date.