Insurance Center

As a Record Breaking Hurricane Season Comes to an End, Property and Causality Insurers Urge Consumers to Reduce their Risk

TALLAHASSEE, Fla. - According to the Property Casualty Insurers Association of America (PCI), the 2008 Hurricane Season, that will be ending at the end of November, is one for the history books, ranking as it does as the fourth most costly on record.

This is because in permanent life insurance some of the money is put into a savings program.

Therefore the longer the life insurance policy remains in force, the higher the cash value, because more money has been paid in and the cash value has earned interest, dividends or both.

The debate is all about that cash value. If you buy a life insurance policy today, your first annual premium is likely to be much higher for a permanent life policy than for term.

Making decisions on buying individual health insurance policies is a complicated process, often because health insurance has been supplied by employers for decades.

Now the average worker is told by the company if you want health insurance, this is what you get. Because a large portion of the employee rate is paid by the employer and because it's easy just to add your dependents, most people know very little about how health insurance works or the reason a lower deductible plan costs more.

You own a car so you probably know something about car insurance. You have heard the words ‘deductible’ and ‘premium’. Do you understand the different parts of a car insurance policy and do you know how to choose the best coverage?

The first step in understanding a car insurance policy is to learn the various types of coverage insurance companies offer. Some of this coverage may be required by your state and some of the coverage may be optional.