An Introduction To Life Insurance

May 25th, 2010 Posted in Life Insurance

11 Responses to “An Introduction To Life Insurance”

  1. kholds idahlman Says:

    The Simple Ways To Get Favorable Life Insurance Rates



  2. kinsky govic Says:

    You will need a few types of insurance.

    General Liability, Commercial Auto and workman's compensation if you plan on having any employees.

    General Liability – This protects third parties if you are negligent and cause harm to a person or property. (Does not cover accidents that happen while behind the wheel)
    Commercial Auto – This is just like personal auto insurance but for vehicles used commercially.
    Workers Compensation – This covers your employees in case of an accident either in or out of the vehicle.

    I bet the general liabilty and workers compensation will put you back about $1,200 per year. The autos, figure anywhere between $1,500 and $2,500 each.

    There is no way to get a price without talking to an insurance broker.



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  9. madoberles de la Says:

    Basically there are two types in Life Insurance. Term and Endowment.

    In Term Insurance the sum assured is paid in case of death of life assured.
    In Endowment the sum assured is paid in case of your surviving term of policy.

    LIC offers both the types.



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  11. trens Says:

    A number of Hawaii’s 30 insurance companies have submitted lower rates for homeowners coverage that range from 3 percent to 24 percent below current costs. KITV reports that Hawaii’s insurance commissioner directed insurers to submit the lower rates because there have been few claims from damages to homes from natural disasters over the past 10 years. Insurance Commissioner Gordon Ito told KITV that insurance companies have been earning profits of nearly 46 percent, which he said was “excessive.



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