LIC Jeevan Saral Life Insurance Policy in Detail


  A company offering life insurance policy assures your family a guaranteed easygoing life when one is no more around them. Besides, a protection plan is referred to as offering complete protection when it offers protection against each adversity for the duration of the life. At the same time, an insurance policy must be quick and well explained to the customer who is interested in paying for it. LIC Life Insurance of India offers a range of such comprehensive policies, including Jeevan Saral plan. This endowment plan comes with an assured choice of a premium amount as well as a…

Save Money When You Pick the Right Car Insurance


Some California drivers think they can save money on car insurance by cutting corners. Their reasoning generally goes something like this: “Why should I pay more money to cover unlikely situations? I can probably just cover the basics and save big.” However, this is only true if you have the good fortune to avoid any unexpected and unforeseen emergencies. Now, maybe you walk around with a pocket full of four leaf clovers and have the best luck in the world. Or maybe you’re just an incredibly safe driver who has never had occasion to worry about getting in a freak…

Is Private Mortgage Insurance a Good Idea?


  Private mortgage insurance, commonly referred to as PMI, is insurance which borrowers have to pay in case they cannot afford to pay a 20% down payment. As a borrower, it will cost $50 to $80 monthly. Mortgage insurance reimburses the lender if you default on your home loan. However, it can sometimes become a burden for the borrowers, especially if they do not proceed carefully. As it is based on a percentage of the mortgage loan, borrower is expected to pay each month, it varies depending on borrower’s credit risk and the size of his home loan. 2 Types…

The Dirty Secret Your Life Insurance Broker Isn’t Telling You


A couple of weeks ago, I told you about the big issue with your mortgage broker. Essentially, they're getting paid a volume bonus to funnel most of their business to one or two lenders, which makes it really difficult to believe that a broker is truly sending your loan to the lowest priced lender. If you think the mortgage broker business is bad for doing this, then you're not going to like what your life insurance broker is doing. The life industry in a nutshell The world of life insurance brokers works very much like the world of mortgage brokers.…

Saving Money On Things You Don’t Even Want to Buy But Have To


There are lots of costs in life we would rather pass on. Most of these things fall under the category of insurance. Life insurance, homeowner's insurance, business insurance, auto insurance, renter’s insurance, health insurance: they are all things that we pay a premium for and hope that we will never ever have to use (well, except for life insurance; so far skipping death hasn’t been doable). This makes a lot of us opt, almost across the board, for the cheapest policies available. Paying as little as possible takes the sting out of having to pay for this (hopefully) non-usable thing…

5 Reasons Why You Need Life Insurance


Life insurance is one of those things that you hear about often, and figure you probably need, but for whatever reason you just never seem to pull the trigger. Perhaps it’s a bit of a phobia – realizing that you will die relatively soon, or maybe you just don’t care for the extra payment that comes with life insurance each month. Whatever the case may be, it is still likely that you should have life insurance. Here are 5 reasons why: 1) Your Savings Wouldn’t Cover Your Own Funeral As each month goes by, you might realize that your savings…