Factors That May Increase Your Life Insurance Premium Rate

There are various factors those play an important role when there is a calculation of your life insurance premium. So it is important to know what goes into the calculation process and whether you anything can be done to reduce your life insurance rate from your end.

The greater risk in your life, the higher will be the premium. This includes age and sex of the person holding policy. Though these are the factors that one can hardly do anything about, let’s concentrate on those that one can possibly control. Following are the factors that can increase the rates of your life insurance:

• Smoking: This is a big No when life insurance is concerned. People who don’t smoke pays low premiums than those who smoke. And even if you smoke one cigarette a day or occasionally even chew tobacco then you will be put into the category of smokers according to most insurance companies.

• Alcohol habit affects: If you are a heavy drinker or even if you were an alcoholic once, insurance companies take all these information into consideration and increase the rate of your policy.

• Obesity and weight: According to the medical statistics the heavier you are, there are higher the chances of chronic medical conditions and ill health. Being overweight leads to high blood pressure, cholesterol, and high risk of diabetes, heart attacks and stroke. Obese people can end up paying more than 50 percent of life insurance rates.

• Family health and medical conditions: Any medical history of your family or any chronic health conditions and there will be increase in the rates of your life insurance. Though in these cases you may not be able to do much but nowadays there are many companies that specialize in such of high-risk cases.

Most important never you should lie on your life insurance application in the hope to pay lower premium rate. Factors like drinking, smoking will definitely increase the cost but it is still better than finding out later that your policy is considered invalid due to incorrect information you provide.

Quit Smoking and start enjoying its Benefits Almost Immediately

Peoria- Who doesn’t like birthdays? So why not create more birthdays for one self?

Thursday is the 34th annual American Smokeout, challenging the people not to smoke for 24 hours, as a hope that their decision to quit wills last forever.

By taking steps towards a healthier life, smokers will be able to gain years on their life expectancy.

According to the American Cancer Society, People who quit at 35 can gain eight more birthdays, and those people who quit at 55 can gain about more five.

Despite of the strides made reducing cigarette smoking for almost 15 consecutive years, smoking among the U.S adults rose slightly to just more than 20 percent according to the 2008 national survey by the U.S Centers for Disease Control and Prevention.

THE BENEFITS:

The benefit of quitting smoking begins immediately after the last puff.

Within 20 minutes: heart rate and blood pressure decreases.

Within eight hours: The level of the oxygen in the blood increases to normal.

Within 24 hours: chances of the heart attack decreases and the function of the lungs improves.

Within 48 hours: Nerve endings begin to re-grow, ability to taste and smell improves.

Between two weeks and three months: Blood circulation improves and lung function increases, less of fatigues.

Five to 15 years later: Most of the risk factors that once existed are gone, including for stroke and cancer.

THE COSTS:

The average payment by the smokers nationwide is $4.32 for one pack of cigarettes and often experience higher health and life insurance premiums.

The cost of health care related to smoking is $4.1 billion in Illinois. Annually in the U.S. cigarette smoking costs more than $193 billion in lost productivity and expenditure of health care

Country Kids in a Big City

My fingers have been itching to write! I never posted after our Berlin trip. What a wonderful city known for always changing but somehow remaining the same. The weather was gorgeous and with our Berlin Welcome Card, we traveled all over the city on the transit system without having to worry about purchasing or validating more tickets. I still remember getting around the city on just my military ID card back in the day, but I am dating myself with that comment. Since our boys are 10 and 12, I had to go over the "yes we are in a big city, and we're not in Kansas anymore" speech. Here's what I told my kids to give them the tools they needed, not to get lost and how to handle themselves should something go wrong.

Here are some tips you can use for the speech to your kids:

• Look around. My kids tend to walk and yak and yak and before they know it, they are way ahead or way behind. Have them look around and be aware of where they are. Don't let them cross the next crosswalk until you get there, and always keep them in front of you rather than behind.
• Arm them with a cheap prepaid cell phone. They only cost 20 euro, and it is worth the peace of mind should they get separated. Preprogram your cell phone number into the phone.
• Paper with hotel name, number and your cell phone number. Everyday, they carried an index card with this information on it. When you are scared, you can get forgetful and forget everything.
• Small change in pocket. This was psychological. It's not like the change would make a difference in anything other than the confidence it instilled in my children.
• Store owners/managers or police officers only. I have always told my kids, even when they were little, if they ever were to get separated, they were to immediately approach someone working in a store or a policeman. This is their best chance of someone being honest and truly helping them.
• Clue the kids in on your schedule. My kids always know the schedule of events of the day. That way, they could say where we were going next.
• No names on backpacks or bags. You might as well put a sign on your kid saying, "hey child molester, over here!"; knowing a child's name gives a sexual predator a huge leg up. Research shows that a child will become more trusting of someone as soon as that person starts using their name. Don't write it on their school backpacks either, unless you write it on the inside somewhere out of sigh.
• Have the talk. Tell your kids about peoples' appearances and looking perfectly normal but not knowing what they are like on the inside. It is okay to be wary of people and not talking to someone you don't know is not considered rude.
  
• Walk on the inside. On sidewalks, have them walk on the inside, away from the street. While you are at it, keep your purse on the inside too. In Italy especially, you will regularly see mopeds whipping by with someone looking to grab someone's purse.

What tips can you share for kids out and about?

Which One To Choose Among Different Types Of Life Insurance

To purchase a life insurance is a great way to protect your family financially if anything ever happens to you. You may like to consider buying a life insurance once you are married, have children or for the ones those who depend on your income for support.

Today there are different types of life insurance policies available and to find the right policy for your family can be a challenging job. Given below are some of the different types of life insurance policies:

Term Life Insurance:

Term life insurance is the simplest and cheapest type of life insurance available. It is considered to be temporary and provide protection for certain period of time. If the one who is insured loses his life before end of the term than his/her beneficiary receives the face value of the policy. And if nothing happens to his life by the end of his term then, he/she does not receive anything. You can also choose to extend your policy at the end of the term life insurance period.

Whole Life Insurance:

Another name of whole life insurance policy is permanent life insurance. This type of life insurance is basically term life insurance having investment component which allows your policy building cash value that you can borrow against. The investment could be money markets, bonds, stocks etc. Whole life insurance proves expensive due to the fees and investment commissions you are charged and there is no guarantee if your investment will make any money.

Universal Life Insurance:

This insurance type is a form of permanent life insurance policy that combines a term life insurance policy with tax deferred interest accumulating saving account. It takes some time for this type of policy to build a considerable value and you may be able to save much in less amount of time.

Taking a right insurance policy to protect your family and your loved one is very important decision. So it is always advisable to compare free life insurance quotes from different companies and then select one that is best for you.

Top Reasons Why People Buy Life Insurance

Life insurance is the only type of insurance which can benefit a large number of people instead rather than benefiting just the person who pays. A term or whole life insurance can provide financial aid to the people, who are left behind- spouse, children or dependents, when the insured person dies. Looking at the advantages, many people have invested in this type of insurance but there are some top reasons why they think it’s best to invest in it.

Life Insurance supports the family or dependents

A number one reason why most people don’t think twice to invest in a life insurance is that the insurance will safeguard their family financially for the future, even if they die. The life insurance can pay for living expenses, medical costs, children’s college tuition or even mortgage payments. If the potential payout is more then, the plan is often costlier but it’s worth every penny. Don’t always go for cheap insurance as they fail to provide what you need the most as they have limited coverage.

Life insurance covers funeral and burial expenses

You might of course don’t want to leave any kind of burden to your family even after you die. Funeral and burial is an expensive procedure that it can shock anybody.

Protect business

Most business owners have invested in life insurance to protect their business which they have invested so much in life.

Retirement investment

You can also invest in life insurance as a retirement investment or saving plan. This type of insurance will offer the policy holder a cashing option in part or their entire plan at some point of time before their death.

Now you can see some of the advantages of life insurance. May it’s now the best time to invest.