Insurance Info

Debt is a part of life, but when debts careen beyond control to a point where you can no longer repay, filing for personal bankruptcy is a way out. However, before you file for bankruptcy, there are important repercussions you should consider, especially facts related to your life insurance premiums.

Bankruptcy and life insurance
If you own an existing life insurance policy, it is usually left untouched by the bankruptcy court, to protect the interests of your beneficiaries. If you own a permanent life insurance, you will be allowed to retain a portion of the cash value that has accumulated on it. How much you are allowed to retain depends on where you live, because the rules are different from State to State. If you have taken out a life insurance policy on someone else like your spouse or your kids, you will have to surrender the same to the court.

Bankruptcy will affect your life insurance rate.Most people file for bankruptcy because it wipes the slate clean and helps them to start over. It is common knowledge that a bad credit score will adversely affect life insurance premium rates. However, will bankruptcy improve the situation? Let’s explore the repercussions of bankruptcy on life insurance premium rates. Continue reading ‘How Declaring Bankruptcy Affects Your Life Insurance Rate’ »

It is the nurtured dream of many a student to go for overseas education after completing 12th or for pursuing professional and doctorate degree courses. And for many, these nurtured dreams do come true. Today, finances are not an issue when it comes to studying abroad as banks provide loans for the same. It is the promising career opportunities tagged with an overseas educational degree that students seek to study in a foreign university. Student health insurance is a must for such students as it acts as a financial shield against inconveniences related to illness, accidents, etc. Besides education being expensive, it is equally expensive to get hospitalized or meet any medical emergency. So, do buy student insurance once you get an admission in a foreign university. A number of universities make it mandatory for students to get insured with student insurance. In that case, you must have to buy student insurance. Continue reading ‘Grabbing The Best Student Insurance Online’ »

Seattle Facts

Education is the secret to finding the cheapest car insurance in Seattle.  The more you know about Seattle and how local insurers rate the city on their “risk” scale, then the more likely you can secure better rates.  Consider the average work commute time in Seattle, which is 24.8 minutes.  If your commute time is shorter or if you work from home or are a stay-home parent, your car insurance may be significantly less than someone with a long daily commute.

If you live in an area where car crashes are frequent, this can also affect your car insurance premium.  Seattle, for instance, reported 20 deadly automobile crashes in 2007, involving 26 automobiles and 47 people.  This number seems low for such a large city, but another factor is how many car thefts there are in your area.  Seattle had a whopping 5,782 automobile thefts in 2007!  And the top stolen vehicles in Washington state included the 1992 Honda Accord, the 1994 Acura Integra, the 1993 Saturn SL, the 1995 Honda Civic and the 1989 Toyota Camry.  So it’s wise to choose a car that is less likely to be stolen if you want cheaper auto insurance. Continue reading ‘The Secret To Cheap Car Insurance In Seattle, Washington’ »