SSS INSURANCE

Auto insurance is increasing every year.  Insurance rates are changing constantly as insurance companies take a variety of factors into account when calculating their charges. Some insurance companies, including many national brands, may charge a driver hundreds of dollars a year more than their competitors.  Drivers need to make sure they are getting the best possible rates for the insurance they are paying for.  Don’t get complacent by just renewing automatically – and above all do not think you are being loyal by staying.  They are not being loyal to you.
It takes 5 minutes todo an online comparison, and get a quote done – and that will make the difference of several hundred dollars per year.
Shopping for auto insurance has never been easier. No longer do drivers have to make an appointment or stop by the local insurance agent’s office to shop for insurance.  Most auto insurance companies sell  directly over the phone but for many nowagays its easiest to purchase insurance online.  In just a few minutes, a person can compare rate quotes from multiple insurance companies and get the best price.
The time to check is at least 1 week before you current policy is due to expire.  They can act quickly and coverage us usually arranged instantly.
Things to check with your policy or when you are applying:
1) Make sure the policy is the same as the one you currently have.
2) Always disclose previous claims.   Not doing so might get you a cheaper quote right now, but believe me if something does happen, they will look for any excuse not to pay out, and you’ll lose everything.
3) Ensure there is no gap in coverage and their new insurance takes effect immediately upon cancellation of a prior policy. Driving without insurance is against the law in nearly every state and can put a driver in serious financial jeopardy.
You can get great  auto insurance quotes Washington, and there are plenty of links on this site that will provide you with cover immediately and in 5 minutes.
Auto insurance is increasing every year.  Insurance rates are changing constantly as insurance companies take a variety of factors into account when calculating their charges. Some insurance companies, including many national brands, may charge a driver hundreds of dollars a year more than their competitors.  Drivers need to make sure they are getting the best possible rates for the insurance they are paying for.  Don’t get complacent by just renewing automatically – and above all do not think you are being loyal by staying.  They are not being loyal to you.
It takes 5 minutes todo an online comparison, and get a quote done – and that will make the difference of several hundred dollars per year.
Shopping for auto insurance has never been easier. No longer do drivers have to make an appointment or stop by the local insurance agent’s office to shop for insurance.  Most auto insurance companies sell  directly over the phone but for many nowagays its easiest to purchase insurance online.  In just a few minutes, a person can compare rate quotes from multiple insurance companies and get the best price.
The time to check is at least 1 week before you current policy is due to expire.  They can act quickly and coverage us usually arranged instantly.
Things to check with your policy or when you are applying:
1) Make sure the policy is the same as the one you currently have.
2) Always disclose previous claims.   Not doing so might get you a cheaper quote right now, but believe me if something does happen, they will look for any excuse not to pay out, and you’ll lose everything.
3) Ensure there is no gap in coverage and their new insurance takes effect immediately upon cancellation of a prior policy. Driving without insurance is against the law in nearly every state and can put a driver in serious financial jeopardy.
You can get great  auto insurance quotes Washington, and there are plenty of links on this site that will provide you with cover immediately and in 5 minutes.

Reliance Insurance Company Limited, was incorporated in Pakistan in the year 1981 with a share capital of Rs. 5.0 Million by two leading industrial houses of Pakistan, namely Al-Noor Group and Amin Bawany Group. Al-Noor Group is headed by renowned industrialist Mr. Ismail H. Zakaria, who is also the chairman of Reliance Insurance, while Amin Bawany Group is headed by Mr. Mohammad Amin Ahmed Bawany, who is also the Director of Reliance Insurance. Both the groups having successfully implemented a number of projects, are currently leading industrial groups of Pakistan. The Present Authorised Capital of the Company is Rs.500 Million while paid-up capital has increased to Rs. 252.002 Million after the issuance of 10% bonus shares in the year 2008. Reliance is one of the leading General Insurance Company of Pakistan having a network of 28 branches at all important places throughout Pakistan employing a full time work force of 236 persons. It underwrites all classes of General Insurance and enjoys reputation second to none. Apart from the traditional covers such as Fire, Accident, Motor, Marine (Import and Exports), Loss of Profits, Personal Accident, Group Hospitalization, Workmen's Compensation, Burglary, Cash-in-Safe or in Transit etc., it also transacts non-traditional covers such as Machinery Breakdown and Loss of profits following Machinery Breakdown, Contractors All Risks, Erection All Risks, Bond and the like. Since its establishment, Reliance has progressed smoothly and steadily. Its Gross Premium income has increased from Rs. One Million in 1983 to Rs. 603.193 Million in 2008, while the Pre-Tax profit has increased from Rs. 0.14 Million in 1983 to Rs. 52.59 Million in 2008. At the end of 2008 General Reserve stood at Rs. 87.50 Million and Technical Reserves at Rs. 527.08 Million. JCS-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the Insurer Financial Strength (IFS) rating of Reliance Insurance Company Limited (RICL) at 'A-' (Single A Minus). Outlook on the rating is 'Stable'. The company's lead re-insurance is Mitsui Sumitomo Re-enjoying 45 percent share in treaty terms.

::: Motor Vehicle Insurance :::

he minimum requirement by law under Motor Vehicle Act 1939 is in respect of legal liability to pay damages arising out of bodily injury caused to any third party person - The following policies are available under this section: Act Liability only : provides cover in respect of liability incurred through death or injury to a third party person. This is minimum legal cover available under Motor Vehicle Act, 1939. Third Party : provides cover as above plus damage to third party property. Comprehensive : This is the widest possible cover and stand to cover as above and in addition including cover for accidental loss of or damage to the vehicle itself. These forms of cover apply to the main classes of motor insurance which are: Private cars - from the smallest to the largest. Commercial vehicles - from vans to articulated lorries Motor cycles - from mopeds to multi-c.c., multi cylinder models Motor trade - garages etc. who have special needs Special types - bulldozers, mobile cranes etc. Fleets - groups of vehicles of any kind, provided more than, say, 10 in number and belonging to one insured.

Car or Automobile insurance also known as motor insurance, is probably the most common form of insurance and may cover both legal liability claims against the driver and loss of or damage to the insured's vehicle itself. Throughout the Pakistan an auto or car insurance policy is required to legally operate a motor vehicle on public roads. In some jurisdictions, bodily injury compensation for automobile or car accident victims has been changed to a no-fault system, which reduces or eliminates the ability to sue for compensation but provides automatic eligibility for benefits. Credit card companies in Pakistan insure against damage on rented cars.

Pakistan Car or Vehicle insurance (also known as auto insurance, car insurance, or motor insurance) is insurance purchased for cars, trucks, and other vehicles. Its primary use is to provide protection against losses incurred as a result of traffic accidents and against liability that could be incurred in an accident. Find the cheapest Car insurance quotes and obtain the cover that best suits your motoring needs. Understand how Pakistan car insurance companies operate and how your personal circumstances affect the cost of your insurance.

Term Life Insurance Basics


All information herein has been prepared solely for informational purposes, and it is not an offer to buy or sell, or a solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. The Money Alert does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any
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advice. Please consult the appropriate professional regarding your personal situation.
Copyright © 2010 The Money Alert.com. All rights reserved.
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We've all seen the TV commercials—term life insurance for just a few dollars a month. While these
advertisements may be based on very favorable situations, the general premise is true. Term life insurance
is the simplest and most inexpensive form of life insurance. And it can provide the peace of mind that comes
from protecting your family at a very low cost. Even with its plain vanilla image it's important to understand
some of the basics before purchasing.

Term life insurance provides the largest immediate death benefit for the minimum premium dollar. When
compared to traditional whole life policies, term life insurance is substantially cheaper. Its reasonable rates
allow for the purchase of much larger coverage than can be afforded from permanent life insurance. Term
insurance covers you for a specified period of time, usually 5, 10, 20, or 30 year periods. As the name
implies, term insurance is temporary, for a set period of time. Unlike universal or whole life insurance it does
not accumulate cash value.

When planning for your families financial future it's important to keep in mind that term life expires and it is
possible to outlive your policy. If you're looking for permanent insurance that builds cash value whole life
insurance may be the answer for you. Term life insurance on the other hand is often referred to as pure
insurance protection because it builds no cash value. Its primary purpose is to provide for the financial
responsibilities of the insured in an affordable manner.

Determining How Much You Need

There are several methods used to calculate an individual's need for life insurance. They include but are not
limited to, rule of thumb, human life approach, and needs based approach.

* Rule of Thumb

The most agreed upon rule of thumb is that an individual should be insured for about 10 times his or
her annual salary. If the insured makes $50,000 a year, a policy in the amount of $500,000 would be
appropriate. This is the simplest of all the methods for obvious reasons.

* Human Life Approach

This method determines what your economic contribution to your family would be over your expected
lifetime.

* Needs Approach

The most comprehensive method. All upcoming expenditures are reviewed to determine the amount
of insurance needed. Total assets are subtracted from the total financial obligations to determine the
amount of life insurance needed. These obligations commonly include mortgage payments, future
educational expenses, future income for family, funeral expenses, and more.

Types of Term Life Insurance
After settling on a suitable policy amount it's important to find the type of policy that is best for you.

Term or Straight Term
The amount of death benefit you purchase remains uniform for as long as the
policy is in force. The premiums also stay the same for the life of the term
chosen. Level term is by far the most popular types of term insurance.

Decreasing Term
The amount of death protection you purchase decreases over time, but your
premiums stay level throughout the term of the policy. Decreasing term is
typically purchased by those who expect their insurance needs to diminish
over time. Some examples would be to cover a mortgage or a business loan.
Both of which would have decreasing obligations over time. Families with
younger children often utilize decreasing term insurance; as the children age
the need for insurance diminishes up until they leave the nest.

Annually Renewable Term
The amount of death protection you purchase will stay the same, but your
premiums increase every year. These policies are typically purchased by
younger individuals looking for an inexpensive policy when they're young, but
as they age the premiums become more costly.

Convertibility Privileges
Many term life insurance policies offer a convertibility privilege. This is a nice
feature that allows you to convert your term policy to permanent life insurance
for an equal, or lesser amount of coverage. The big benefit to this is that you
can do so without any evidence of insurability. With no required medical exam
you could complete the conversion, even if diagnosed with a terminal illness.
Insurance companies often hedge against this by establishing a maximum age.

Buy Sell Agreement

Term insurance is often purchased by business associates to cover anything from
a deceased partner's share of a company to outstanding debts. This is often
referred to as a "buy sell agreement". This binding contract is negotiated between
key business partners and covers future ownership issues. It is also utilized for key
employee insurance. This is designed to protect the company against the hardship that may result from the
possible loss of a valuable contributor. Key employee insurance is very common in small businesses where
there are a small number of employees and the loss of a "key" employee could prove detrimental to the
business.

Return of Premium Life Insurance (ROP)

Would you like term insurance that refunds your money if you don't die? Well now you can—it's called Return
of Premium Life Insurance. One of the biggest objections to buying term life insurance is that people see
themselves outliving the specified term and often think of the premiums as wasted money. The insurance
industry has answered that objection with the recent introduction of Return of Premium term life insurance.

Return of Premium or ROP combines the benefits of traditional term life insurance with a return of premium
feature. Simply put your family receives a lump sum death benefit if you die, otherwise if you win your bet
with the insurance company and you live the insurer returns all your premiums. This money-back guarantee
can be particularly comforting for those that believe death will not occur during the term of coverage.

What's the catch? Well it does come at a cost. Since the insurance company is obligated to pay you back at
the end of your term, Return-of-Premium life insurance does cost more than regular term insurance. A typical
ROP policy may cost approximately 25 percent to 50 percent more than standard term life insurance. And
policies typically have to be held for the 10 to 30 years to receive a return of all premiums, though many
insurers offer a pro-rated return if held for a few years. In some cases taking the extra premiums that would
have been paid and applying them to a disciplined investment approach may provide more flexibility.

"The landlord's insurance covers me."
Your landlord's insurance generally only covers the building where you live - not your personal belongings and your liability.
"I don't need personal liability insurance."
Your landlord's policy most likely does not include liability for something that happens in your rented residence. You could be held responsible for injury to another person or damage to another person's property if an incident occurred within your rented residence, or elsewhere. Without liability coverage, your current and future earnings could be at risk. Renters insurance may also provide legal defense costs.
"I don't own very much."
Most people's belongings are often worth more than they think. That's one reason why you need Renters Insurance.
State Farm renters insurance is flexible, allowing you to select the coverages and insurance amounts that suit your needs.

The insurance plan was developed for modern day laws and as a means of providing individuals and businesses with protection against risks.  Prior to insurance being offered, as a service and product, when people ran into problems the community would come together to make repairs.  For instance, before insurance was formally offered, if a neighbor’s home were to burn down, other neighbors, family members, and friends would gather all the necessary materials and tools, and together rebuild the home.  However, as population grew this small community in most parts of the world changes.
Interestingly, the insurance plan that we know of today was actually based on ancient traditions of the Babylonian and Chinese traders.  Historians tell us that during the second and third millennia BC, merchants in China would have to travel over horrific rapids of the rivers as a means of distributing the things they made.  To accomplish this, the wares were moved using several vessels because it was common for one .By 1750 BC, the Babylonians created a unique system whereby a merchant would be provided with a loan to pay for the shipment of wares.  Then for an additional amount of money, the lender guaranteed if the shipment of goods were stolen, the loan would be cancelled.  In a crude sort of way, this system was the beginning of the insurance plan that would evolve over the years to what we know insurance coverage of today to be.
Then for the individual insurance plan, one that was not connected to loans, this was invented during the 14th century in Genoa.  At that time, the insurance was backed with land.  By the 15t century, an insurance plan for maritime coverage was offered although it came with risks and premiums varied dramatically.  In this case, this new type of insurance plan made it possible for insurance to be separated from an investment, which proved highly beneficial.
Then in 1628, a very rich man from London took out two types of insurance plan, one being for maritime coverage, and the other insurance plan for life protection.  With London becoming an increasingly important part of the world for trade, a man named Edward Lloyd who owned and operated a coffee house became a viable part of the city, providing people with shipping news and offering a place for merchants, ship captains, and ship owners to gather.  There, men could take out an insurance plan of sorts with one another and this venture became known as Lloyd’s of London, which today still provides the same service for the insurance plan.
The insurance plan that we are all accustomed to in today’s world, which includes policies for home, both owning and renting, automobiles, life, health, marine, dental, vision, and more.  The modern insurance plan actually has a link to the 1666 Great Fire of London, which destroyed more than 13,000 homes.  Realizing something had to be done, a man by the name of Nicholas Barbon opened an insurance office, and just 14 years after this horrific fire, the first fire insurance company in London was formed to provide protection for frame and brick structures.
Then for the health insurance plan, this concept was brought up by Hugh, who was the Elder of the famous Peter Chamberlen family in 1694.  While health insurance remained the primary type of insurance protection for many years, by the latter part of the 19th century, accident insurance was created.  At that time, the accident insurance plan was similar to disability insurance used today.  By 1732, the first insurance company in the US underwrote fire insurance in Charles Town, South Carolina, today known as Charleston.
Over the years, many other types of insurance plan options would be developed and the coverage would change.  Sadly, in the 20th century, organized crime used insurance for extortion, generating tax free income while controlling businesses.  However, it was after the Social Security Act was passed by the federal government that the overall concept of the insurance plan changed.  At that time, policy types grew, requirements became more structured, and premiums more affordable.
Regardless of the insurance plan a person purchases, they end up with a legally binding agreement with the insurer that if damage or loss were experienced specific to the type of protection, the policy would pay.  In exchange, consumers pay a premium each month for the insurance plan, which provides not only protection but also peace of mind.

If you rent your home, having insurance protection for yourself and your possessions is still important. Similar to home insurance, renters insurance protects you in situations that everyone can face: fire, theft, water damage and other unforeseen circumstances your landlord’s policy doesn't cover.
Renters insurance typically provides coverage, up to the limits you select, for specified items and situations, including:

• Personal property (furniture, electronics, computer equipment, clothing, etc.)
• Personal liability if someone is hurt, whether in your home or away from it
• Damage to your apartment or home caused by a covered loss

Imagine going to dinner or a special family get-together, and when you return home, you're greeted by the flashing lights of police cars and fire trucks. Building fires and damage can happen anytime, anywhere, but with proper renters insurance, your personal property inside your apartment will generally be covered if it’s affected by any of the following:

• Fire
• Smoke damage
• Theft
• Collapse of the building due to weather
• Water leakage or overflow
• Freezing of plumbing, air conditioning and more

Renters insurance will protect you from incidents that occur while you're at home, too, such as a toaster catching on fire or a friend slipping and falling while visiting you. Renters insurance provides coverage for your own items, and it provides coverage for other people's injuries or damages in situations for which you're liable, as well.
You can't rely on your landlord's insurance to cover your valuables — landlord insurance only covers the building structure and not your personal property.
Renters insurance, sometimes referred to as an HO4 policy, can provide the financial protection you need in case your possessions are destroyed or stolen, as well as liability protection if someone is hurt in your dwelling.
Before you shop for renters insurance, take an inventory of what you own to decide what level of coverage makes you comfortable. Then, get a renters insurance quote and choose the policy that's right for you.