•Are premiums Guaranteed? This means premiums are guaranteed to remain same throughout term of your policy. This is opposed to `Reviewable´ premiums which, as name suggests, are reviewed usually every 5 years and can increase dramatically. •Check that policy has terminal illness benefit included. This is a valuable extra which is now included in most Term Life Insurance policies for free and will pay life insurance amount early if you suffer a terminal illness. •Can policy be written in trust? This will avoid any delay in money going to your dependants and risk of inheritance tax being charged on benefit. •Can waiver of premium benefit be included in your plan. This is a valuable extra which, if you become too ill to work for a number of months, will ensure your cover continues without you having to pay premiums. •A valuable feature of some policies is counselling for your family if you die?

Claims History No matter how good policy it will all be for nothing if your insurer is difficult or obstructive if you should have to make a claim.The industry pays out over £166 million a day in pension and life insurance claims and all insurers have procedures in place to process claims on their policies.

Before taking out a policy it is advisable to contact your prospective insurer and ask about their claims history. Note their willingness to provide this information and attitude promoted by their response. Do they look for reasons to pay claims or excuses to avoid them?

Financial Strength When selecting or evaluating a UK life insurance company, a logical place to begin is by reviewing ratings given by major insurance company rating services such as Standard & Poors and AM Best. In a rating, rating company or agency expresses its opinion of life insurance companies financial condition.

You will be listed in their database for five years before your name is removed. You will not be able to find a bank willing open an account for you anywhere in US, for at least next five years.

What does this mean in real terms?

1. If your job was direct depositing your money to your account, you can forget about that convenience for five years.
2. If you enjoyed saving your money in a bank account, you will have to get accustomed to your mattress as your personal bank, for five years.
3. If you enjoyed making purchases using atm and bankcards, you will have to start walking around with your wad of cash from them on.
4. If you liked cashing your paycheck at bank, you will now wait in line at one of those check cashing facilities, notorious for charging you a fee for you to receive your salary.
5. Oh, and those summer vacations you use to like taking…make sure you walk with lots of cash to pay for your hotel stay, food, and other vacation-like activities.

If this seems like a nightmare to you, it is. And what’s worse, is that there are millions of Americans experience this every single day, without any relief in sight, for years to come.

You can avoid this nightmare by being very diligent about how you handle your personal checking accounts by keeping a steady eye on them. With onset of internet banking, most people have no excuse to not know what’s going on with their accounts, as information is minutes from their fingertips.