What is Term Life Insurance?

Written by Tim Gorman


Continued from page 1

There are four different types of term life insurance policies one of which is renewable term insurance. This policy will delete your need to submit to a physical when renewing your policy. The company agrees to renew your policy even if your health has declined however, be prepared to pay higher premiums with each renewal when purchasing this plan.

Convertible term insurance will allow you to switch from term to permanent life insurance without succumbing to a health exam first. Of course this convenience will more often than not come withrepparttar expense of higher premiums. Onrepparttar 144638 bright side once you convert to permanent your premiums will not increase as withrepparttar 144639 renewal ofrepparttar 144640 term plan.

Level term insurance presents a permanent premium for a pre-determined number of years, usually 10 or 20, andrepparttar 144641 death benefit remainsrepparttar 144642 same. With this policy you will lock in a particular price forrepparttar 144643 duration ofrepparttar 144644 policy. The down side to this plan is thatrepparttar 144645 rate will rise significantly if you decide to renew with subsequent level policies.

The remaining plan isrepparttar 144646 decreasing term insurance policy. Throughoutrepparttar 144647 term of this policyrepparttar 144648 death benefit will decrease. You may start out with $250,000 worth of coverage however forrepparttar 144649 first 10 years each year your benefit will be reduced by $10,000. The premiums on this policy will also vary overrepparttar 144650 term ofrepparttar 144651 policy, it is for these reasons that this policy is not highly recommended nor sold very often.

Timothy Gorman is a successful Webmaster and publisher of Best-Free-Insurance-Quotes.com. He provides more insurance information and offers free money saving auto, home, health and life insurance quotes that you can research in your pajamas on his website


Secured Loans Information

Written by John Mussi


Continued from page 1

If you are a homeowner arranging a secured loan can clear your debts, create some funds for home improvements or you could use it for buying a new car or takingrepparttar holiday of a lifetime.

Secured loans may be suitable for you if you are considering debt consolidation. Normally,repparttar 144503 lender can offer a large reduction inrepparttar 144504 repayments required from you by simply bringing together all your outstanding debt and replacing it with one new secured loan. The reduction in your monthly payments can be achieved by arranging forrepparttar 144505 new secured loan to be repaid over a longer timescale or at a reduced interest rate or both.

Being self-employed or having a b ad credit rating does not have to be a barrier to qualifying for secured loans.

Secured loans have several advantages, includingrepparttar 144506 fact that they are available fast and online. It is now possible to apply online for secured loans. This is a very simple and fast process. It can be done fromrepparttar 144507 convenience of your own home, at a time that is convenient for you. Secured loans can now also be arranged withoutrepparttar 144508 need of a face-to-face meeting.

Using your house as collateral means your house may be at risk if you can not meet your personal loan repayments.

It is strongly recommend you consider protecting your loan payments with a Payment Protection Plan. A Payment Protection Plan is designed to give peace of mind because no matter how healthy you feel today, nobody knows what lies roundrepparttar 144509 corner tomorrow.

A Payment Protection Plan is a small additional insurance payment that you make each month. This extra payment will be included with your loan repayment. This small sum will ensure that if you lost your job, became ill, or unexpectedly pass away your loan repayments will be paid for you.

A secured loan is a quick and convenient way to plug a short term financial need, for example, to go on holiday or extend or improve your home. In essence, a secured loan enables homeowners to unlock some extra cash by using their greatest asset - their home.

You may freely reprint this article providedrepparttar 144510 author's biography remains intact:

John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the www.directonlineloans.co.uk website.


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