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New York Life Insurance Quote’s

April 20, 2010
daveandlauren
Deciding how much NY life insurance coverage you need and which variety you should purchase can be confusing. By becoming more informed about this crucial source of financial protection, you will be sure that your loved ones are adequately protected in the event of your passing.

Life insurance has one sole purpose – to replace your income in the event of your death, ensuring that your family and loved ones are sufficiently provided for. The financial benefits include paying off outstanding debts and funeral costs, paying for costs related with estate settling, funding education for your loved ones and providing retirement funds for your surviving spouse.
There are two basic types of NY term  life insurance – term and permanent insurance.New York  Term insurance provides coverage over a specified amount of time, normally 10, 15 or 20 years. You pay one annual premium and once the term is complete, you are no longer covered and will need to reapply. Premiums are generally low and are typically the most competitive variety of coverage.

Permanent insurance, otherwise known as whole life insurance, is used to provide a lifetime’s worth of financial protection. Premiums are generally more expensive than term insurance premiums are and accrue monetary value as the years progress. This reserve can be used to cover premium costs as the policy matures. Unlike term, there is no specified time period that the policy is active. As long as you pay the premiums, you are covered.

Obtaining a New York Life Insurance quote has never been easier. By simply accessing www.nysurance.com, you are able to get quick, free quotes for life insurance coverage within minutes. Though cost is certainly a determining factor when deciding what life insurer to go with, you should also consider which company would be the easiest and most reliable to work with. Selecting an insurer with a proven track record of proficient customer service, quick claim resolution and accessibility is imperative. New York Life Insurance has been a leading insurer for over 170 years and is currently the largest mutual life insurer in the United States. You can be sure that by selecting New York Life Insurance, you are also selecting quality and dependability.

For more information on obtaining coverage with New York Life Insurance or more information on the many other products and services they offer, contact an agent or access the website, www.nysurance.com today.


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Amherst New York Car Insurance

April 10, 2010

amherst new york car insurance
Making sure that you have adequate Amherst NY car insurance will not only ensure your financial safety but also the safety of others on the road. Being a responsible driver means more than just obeying traffic signals and using your seatbelt, it also mean making sure that your car insurance is up-to-date and active.

Did you ever wonder what would happen if you did not have car insurance? Not only are you leaving yourself wide open to tickets, vehicle impoundment and costly fees and fines, you are also taking a serious gamble with your financial future. If you should get into an accident without car insurance coverage, you will be legally responsible to pay for any related costs out of your own pocket. This could be a costly price to pay. In today’s unsteady economy, it is doubtful that many people have the ability to do that with ease.

Amherst New York Car Insurance also suggests that in this tight economy, drivers don’t forfeit coverage for a cheaper policy. This could prove to be a big mistake. Instead, employ the following tips in order to get the most bang for your buck.

  • Opt to pay the most you can afford in deductibles to save on premiums. Though it may seem tempting to go for low deductibles, you will end up saving more money by allowing for larger deductibles. Paying a bit more out of pocket in the event of an accident will mean lower policy premiums throughout the year.
  • Take advantage of good driver discounts or continuing education rewards. Whether you have never had an accident or you just completed a defensive driving course, make sure you tell your insurance company. These factors will surely save you money in the long run.
  • Only insure those who use the vehicle. If your spouse or children have their own cars, why add them to your policy? By insuring just one person, you will lessen the liability for the insurance company and your premiums will reflect that.
  • Select your vehicle of choice wisely. You may be tempted to go for the red convertible or large SUV, but making sure that your vehicle of choice has a good safety record and is affordable to insure is a good idea. Before putting any money down on a car, check with Amherst New York Car Insurance to see how much it will cost to insure.

For more information on obtaining car insurance in Amherst, NY, contact www.nysurance.com today.


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Many older couples consider New York Life Insurance for burial needs

April 9, 2010

burial insurance
Funeral insurance makes some tough end-of-life decisions easier for family members

During the economic downturn we are experiencing today, more and more people are thinking about their money status.

It’s no secret that with the recent stock market crash, many people who were on the verge of retiring lost all their savings. Therefore a lot have had to continue working to continue supporting themselves and wait for their savings to build back up.

Without this, they wouldn’t have enough to survive on. This is because their pension probably wouldn’t support them enough for the rest of their life.

And this has also impacted the younger generation as well.

Many of these people also had kids in college at the time their savings collapsed. They then had to determine whether to spend their existing funds on their long term savings or on higher education for their kids.

Not an easy choice.

If they opted for the latter, they won’t have a lot of money to retire on—which again mandates they keep working.

These catastrophes could have been prevented by better long term planning.

And one of the things many don’t think about is funeral costs.

This is NOT cheap.

This can often run you close to ten grand and sometimes more. Even if all the kids chip in, it’s still going to put a big dent in your savings.

So figuring out the costs of the funeral ahead of time is definitely important. If not, it can really hit you unexpectedly, and your savings might be depleted even further.

So what’s the solution?

For many people, it’s getting funeral and burial life insurance. This could be a life saver.

How big a payout can you get?

Anywhere from five to twenty five thousand for the claim.

Who can you get it for?

It can bought to cover just one person or an entire family. And you can either pay it all at once or in small chunks as you go.

But is it really necessary?

Well, more and more people believe so, as it’s never been more popular. In particular, Baby Boomers are buying this up like crazy as awareness of this expense increases.

But another benefit is that it will give people more control over the kind of funeral they want to have. Getting new york life insurance can help people to plan what kind of casket, ceremony and flowers they want.

But remember—be on the lookout for scams. As with a lot of other insurance varieties, there are many frauds in the funeral business.

If you aren’t careful you can pay a lot of money and see nothing in return. The main thing to remember is to purchase from a firm you’ve either heard of or looked up with the BBB.

See how easy it is to shop online for life insurance. Get your free New York life insurance quotes today!


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Evaluating a New York Life Insurance Company

April 8, 2010
new york life-insurance
new york life insurance firms will give a number of choices and discounts to get new customers. How do you know who’s the best? Here is some advice to help you determine the right policy and company for you.

Don’t think short term.

A lot of the “whole” insurance policies are combined with investment vehicles that gain value as time goes on. Therefore, investing for a number of years will help you get more money.

But obviously those policies are going to be more expensive as well, so you have to weigh the pros with the cons. They are generally out of the price range of younger adults, who are just getting established.

What if you don’t have much to spend?

Then think about getting  New York Term Life Insurance. This is cheaper because it only covers you for a set time period—as opposed to “whole” insurance, which does so for your entire life.

Term policies might or might not give you the option to renew the policy at the end of the period. If they offer guarantee renewal—and it’ a long term policy—you probably should take it.

Why?

Because it will ensure you are able to get NY life insurance at the end. For instance, if you get the first policy at 46, and it’s for 30 years, you will be 76 when it comes time to renew.

You may or may not be able to get another policy at this point depending on your health status, so locking yourself in might be a smart option.

What do you want your life insurance to accomplish?

A lot of people don’t ask themselves this, but it’s a very important question. Write down the reasons you are getting the insurance for—and then determine which firm would best meet your needs. Do this before you get any quotes.

What should you think about?

As an example, there are many buyers who desire a big death benefit–whereas others just want it as an investment vehicle. If you fall into the first boat, than NY Term Life insurance would be the best option for you.

This is where the beneficiary will get the claim should you die prior to the term ending. But it doesn’t offer an investment option.  

Should you get “Whole” Insurance?

These policies are a bit more complicated, because they offer more choices and therefore require greater attention to detail. Therefore talk with an agent who can explain the choices clearly.

Make sure to find an agent you can trust.

This is very important. Many people are wary of the advice they get because the agents just want to fill their own pockets.

What about convertible policies?

These allow you to change it over to a whole policy down the road. A good time to get this would be if you aren’t making a high income now, but you expect to shortly.

Research the company you are considering THOROUGHLY.

Pay particular attention to their financial status and their customer service. This is important, because both these variables will help you see how likely they are to respond to claims.

This is VERY important.

If you have to file a claim–and the company is notorious for being unresponsive–you are at risk of not getting paid.

Get your free new york life insurance quotes today!


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Guide To Cheap New York Life Insurance Quotes

March 7, 2010
new york_life_insurance
Before obtaining a quote for Cheap New York Life Insurance, it’s advisable to learn a little about the products and services that are available to you. Being an educated consumer is the easiest way to ensure that your surviving loved ones and your assets are financially safeguarded in the event of your death.

 

Simply put, life insurance is protection against loss of income. Should you pass away, having adequate life insurance will safeguard your family from unnecessary financial burdens and will ensure that they can proceed with the life they are accustomed to living. It may not be the most pleasant subject to discuss, but for those wishing to provide financial security for their families in the event of their death, life insurance is a necessary expense.

There are two types of life insurance – level term and whole life. New York Term Life Insurance provides coverage over a specified amount of time, typically 10, 20, or 30 years. Cash value is not accumulated with this type of policy and once the term expires, so does the coverage. Term Life Insurance is relatively inexpensive and the best choice for most consumers. Keep in mind that obtaining term coverage may be difficult once you reach the age of 65.

Whole life insurance (permanent insurance) is much more expensive than term but provides an investment component as well as protection for loss of income. These types of policies accrue a cash value that the insured may borrow from and are effective as long as the premiums are met. It is important to understand that many whole life policies do not accumulate a significant cash value for upwards of 15 to 20 years, so utilizing solely as an investment vehicle is not advisable.

Both types of New York life insurance policies will require that your medical background is reviewed, that you undergo and pass a medical exam, and that your occupation, age and other variable are taken into consideration before you are approved.
If you decide to compare quotes before purchasing a life insurance policy, it is wise to compare similar products. Do not compare the cost and coverage of a term life insurance policy to that of a whole life policy. They are two entirely different types of products and you comparison will not be accurate or helpful. Selecting the right product to use and right company to do business with will certainly affect the way your loved ones are cared for in the event of your death. New York Life Insurance has been in business for over 170 years and is the largest mutual-life insurer in the United States. For more information on Cheap New York life insurance and what product will work best for you, speak with your New York Life Insurance agent today.


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Is A New York Life Insurance Policy Needed For Your Retirement?

New_York_Life_Insurance
Planning for your retirement may seem overwhelming at first, but arming yourself with all the related knowledge you’ll need to making wise choices in regards to insurance and investments is a sure way to make sure your survivors are cared for after you are gone. New York Life Insurance wants to help make this process an easier one by shedding some light on your retirement planning journey.

Should I Keep My New York Term Life Insurance Policy When I Retire?
The purpose of term life insurance is to replace a loss of income in the result of the insured’s death. Taking advantage of an inexpensive level term life insurance policy may be the most cost-efficient way to provide for your family should you die while you are still employed. Though term policy premiums will no doubt increase as you get older, they will still be more affordable than a whole life insurance product. Many insurance experts agree that individuals should choose to buy term and invest the difference, therefore more effectively padding their retirement funds and preparing for the future. In addition to this, selecting to supplement the life insurance your company offers as part of your benefit package is wise. Usually, the coverage only protects between one to two years of your annual salary making supplement coverage necessary.

Should I Purchase A Permanent (Whole Life) Insurance Policy?
If you are looking for a longer period of coverage than term insurance supplies (10, 20, 30 years) perhaps purchasing a permanent insurance policy is a good option for you. This type of policy remains in effect as long as the premiums are met. Keep in mind that whole life policies are much more expensive than term policies because they provide an investment component referred to as cash value. As you pay premiums on the policy, the cash value accumulates and may be borrowed from by the insured. It is important to remember that whole life policies rarely produce significant returns until they have matured to 20 years and beyond.

Many financial experts agree that using your whole life insurance policy as your only retirement investment vehicle is a bad idea. You are better off researching other investment opportunities like a 401 (k), IRA or Roth IRA. Those options will likely provide a more substantial return in a shorter period of time.

If you are interesting if using a whole life policy as a way of planning for estate taxes in the event of your death, it may be a good choice. A whole life policy can be a component of an insurance trust created to pay off any estate taxes due at the time of your death. It is wise to speak with a New York Life Insurance estate planning expert to ascertain if this is a good option for you.


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Think Twice Before You Claim Roadside Assistance On Your New York Auto Insurance Policy

March 5, 2010
New York Roadside Assistance
Did you ever notice that when it rains, it pours? The same week your tire goes flat on the way to an important business meeting, your battery decides to die on the way to pick up your daughter from gymnastics and then to top it off, your three-year-old locks the keys (and himself) in the minivan the next morning when you are already running late to begin with. Thank goodness for roadside assistance coverage, right?

Adding roadside assistance perks to your new york auto insurance policy may seem like a smart idea, but if you knew that many insurance companies consider roadside assistance claims to be an indicative of the insured’s risk level, you might think again. Making frequent assistance requests for such things as flat tires, dead batteries and lockouts may raise red flags to your insurance company, ultimately resulting in an increase your premium.

New York Auto Insurance companies use a variety of information when deciding what premiums to charge their customers. Everything from your accident history to what type of car you drive to your credit score are taken into consideration. For instance, any time you make a roadside assistance claim, it can be tracked as being towing-related no matter the actual issue. Because tow claims are logged in a national database available for all insurers to review, it may look like your vehicle has been towed five times in a year even though you actually required assistance for a couple lockouts and a flat tire. Information like this, whether it’s entirely accurate or not, will have an impact on how your policy is priced.

So what do you do if you want roadside assistance coverage but do not want to risk an increase in premium? New York Auto Insurance recommends that you do some comparison-shopping. Not all insurance companies consider the frequency in which you have made requests for roadside assistance as a factor in policy pricing. Before you select an auto policy and sign on the dotted line, ask your carrier what their guidelines are in regards to roadside claims and make an informed decision from there. If you decide to use a motor club to provide your roadside assistance coverage, be aware that it may be a bit pricier than simply adding the coverage with your auto insurer.

Whatever option you decide works best for you, being “in the know” before the need arises for emergency roadsides assistance will surely save you not only some hard-earned money but also some headaches.


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New York Life Insurance and Divorce

March 1, 2010

  

New York Life Insurance and divorce
Divorce was not part of the plan.  Now that it is a reality, it’s time for a new plan.  No doubt, the stresses of the divorce proceedings are challenging and possibly overwhelming.  But knowing that you are planning for your future and the future of your children should make this transition time in your life a little smoother.

There are a whirlwind of issues facing you, ranging from child custody and support to alimony, debt and property disbursement.  One of the issues in your divorce proceedings you will definitely want to address is the issue of life insurance.

How should you adjust your New York Life Insurance policy to fit your needs?  Here are some things to consider before signing the divorce papers.

Providing Properly for your Children and Ex-Spouse

If your ex has custody of your children and is also being paid alimony as part of the divorce agreement, make sure they will be provided for should you die.  A New York life insurance policy can pay off a mortgage and cover future college expenses for your children.

Beneficiary Change

You will want to talk with your agent about a possible beneficiary change.  Depending on your individual circumstances, an adjustment could be necessary.  You may no longer wish to have your ex-spouse as your beneficiary, especially of he or she is remarried.

Get it in Writing

The spouse relying on the ex-spouse’s child support and alimony will want to be sure the New York life insurance policy is updated and all the details are listed the divorce contract.  Also, require notification of any changes in the policy, such as change of beneficiary or a lapse in the policy.  If this agreement is not adhered to, your ex could find himself/herself in contempt of court.

Appoint a Trustee

This is important for the owner of the policy to understand.  You will want to make sure your children are covered even if they are still minors at the time of your death.  The policy holder can set up a family trust that is managed by the trustee.  The trustee is generally a lawyer, bank or financial institution.  The trustee will oversee the funds for the children until they turn 18.  Can your ex-spouse be the trustee?  Yes, but it must be made clear in the divorce agreement as to how the insurance money is to be spent with the children’s best interest in mind.

 

Term Life or Whole Life

The best option, to make sure there are enough funds at hand in the event of your death, would be to purchase a term life insurance policy.  This could be the best choice because term life insurance premiums are lower than whole life premiums.  You can also tailor a New York term life insurance policy to your own needs and let the value decrease as the child gets older and will need less coverage.


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Should You Choose A New York Term Or New York Whole Life Insurance Policy

February 28, 2010

If you are interested in purchasing a new york life insurance policy, but can’t decide which type of product to buy, read on. New York Life Insurance offers both term and whole life insurance and it is certain that one or both of these products will help provide the type of financial protection you are in search of for your loved ones.

New York Term Life Insurance can be purchased in coverage increments of 10, 20 or 30 years and expires once the specified term is complete. It is extremely affordable for those in good health and under the age of 50. Keep in mind that most insurers will not offer term life insurance to people over the age of 65. If these requirements are met, term

New York Life Insurance
life insurance is a good choice of coverage for those not looking to build cash value by way of their insurance policy.

Whole life insurance provides life coverage in addition to offering an investment opportunity. The premiums are much more expensive and it accumulates cash value that the insured is able to draw from so long as it is paid back. Whole life policies are often sold as retirement funds but normally don’t accrue significant financial returns, leading many experts to believe that there are more profitable ways of investing for retirement.

So which product is best for you? Selecting a term life policy would enable you to save a significant amount of money on the annual premium, therefore allowing you to invest that savings in alternate ways. Simply using a term life policy for life insurance and opting to utilize alternate investment vehicles to build your financial portfolio may prove to be more beneficial in the long run.

However, if you have a significant amount of assets and are looking for a way plan for estate taxes in the event of your death, whole life insurance may be a good choice. A whole life policy can be a component of an insurance trust created to pay off any estate taxes due at the time of your death. This may take a huge financial load off your survivors.  It is important to remember that whole life policies rarely produce significant returns until they have matured to 20 years and beyond.

If you already have a New York life insurance policy, it is wise to carefully consider your options before cashing it in or canceling it for an alternate product. First, you must determine how much you will get, if anything, if you cash it in. It’s possible that if you cancel your policy within the first five years, you will lose all the money you have invested in it thus far. Second, consider your health. If you are ill health or have developed poor habits like smoking, attempting to obtain another policy may be a costly mistake or even impossible. Lastly, make sure you select a quality, financial secure company to do business with. NY Life Insurance has over 170 years of experience and is the largest mutual life insurer in the United States, surely making it an excellent option.

See how much you could save today on your New York life insurance. Get your free life insurance quotes instantly


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Why you may need New York Life Insurance outside the work place

February 24, 2010
welcome_life
Whether you are considering buying life insurance, or reinforcing an existing policy, you would be wise to familiarize yourself with what’s out there before you buy.

            Employer sponsored New York Life Insurance plans are easily accessible, convenient, and allow you the luxury of not having to shop around. Premiums are usually withheld from your wages, and a physical exam and medical history are generally not necessary. According to Hewitt Associates, of Lincolnshire, Illinois, many companies limit their life insurance benefits to the equivalence of up to two years of earnings. But, they also allow employees discretion to buy additional coverage for themselves or their dependents.

            On the other hand, the company’s plan may be not be suitable in terms of personal longevity, health status, and dependents’ needs and desires.  Moreover, the cost may be prohibitive.

            New York Term Life Insurance is the predominant form offered by employers. The death benefit is paid if the insured dies while the policy is enforce, but lacks the savings feature found elsewhere. Older people pay more for life insurance than younger people, because the probability of death is greater.

            It is important for you to know how your company has structured its premiums. Is there a single charge for premiums for all employees? Or have age categories been set up with certain ages paying one charge, and other ages paying another. In a single charge system, older workers benefit because health and age issues don’t compromise their premiums. At the same time, younger workers end up paying higher premiums than they would outside the company in individual plans.

            Where age categories have been setup, the younger worker benefits because, premium charges are usually lower for those individuals than for their older counterparts.

            Basically, if you are older and have health issues, the single charge plan works best for you. Those plans that have age categories will also work but you may pay more than the single charge plan. Individual plans will be the most expensive or unobtainable.

            Healthy individuals on the other hand, do well in individual plans because they get a break on the premium for being healthy. A accountant and financial adviser in Orleans, Massachusetts says, “you just may be paying more premium by participating in  group insurance coverage at work.” He does point out , that individual New York life insurance policies usually require that you provide your past and current medical history and pass a physical exam before they issue a policy.

            The Final thing to consider when purchasing New York life insurance at  your work place is whether or not you actually can take the coverage with you when you leave your job for any reason. In most cases, you simply cannot. An , accountant in Sarasota, Florida says, “If you happen leave your job anywhere, you’ve [generally] left your current life insurance policy too.” You may even be forced to purchase a individual life insurance policy at a time when health & age make it very difficult, expensive or impossible.  “you more than likely will want to have some New York Life insurance outside the employer’s offered life plan.”

See how much you could save today on your New York life insurance. Get your free life insurance quotes


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