Navigation Links
Big Cuts in Family Budgets Usually Means Insurance Gets the Ax
Date:7/9/2009

With many struggling in the current economy, families are making big cuts to their budgets. Typically the first large expense to go is car insurance, medical insurance or, most commonly - life insurance. Insure-Net.com urges families to look at other options rather than dropping coverage and offers these money saving tips.

Minneapolis, Minn. (Vocus) July 9, 2009 -- The current economic climate is worrisome to many families. Often the first major expense to be cut when reevaluating the family budget are various types of insurance, such as medical insurance, car insurance, and most commonly - life insurance. Insure-Net.com urges families to look at changing coverage to make it more affordable rather than dropping car, life or medical insurance all together.

Life insurance can often be confusing, but with the right tools, finding affordable life insurance quotes can be made easy. Insure-Net.com offers a quick and easy way to find life insurance quotes and offers information so people can better understand plans, with articles such as the life insurance primer.

The fastest and simplest way to save on insurance is to shop around to compare plans and rates. When considering life insurance, Insure-Net offers these money saving tips to bring costs down and make it more affordable in a tight budget.

First, consider switching to modal payments. Modal payments are a quick and easy change. If paying life insurance rates annually, families can simply call their insurance agent and switch their payment schedule to semi-annually, quarterly, or even monthly. This change does not take sifting through policies and making big decisions. Plus, having a smaller amount to pay more often rather than one lump sum is usually easier to manage.

While the insurance agent is on the phone, ask about reducing the term length. Typically, the longer the term the better; however, when money is tight it is better than dropping coverage all together. Usually a shorter term will mean lower premiums but will maintain the same death benefit protection. Be sure to get qualified for a new plan and note whether health has changed.

In addition to reducing the term length on a life insurance policy, ask about reducing the death benefit. While it is not always the best solution, it will make the plan more affordable and is better than dropping coverage completely. This should be the first item to reevaluate once the family financial situation improves to ensure the family is adequately protected.

About Insure-Net.com:
Insure-Net.com is committed to helping families find the most complete insurance coverage at the lowest possible rate. Insurance shoppers can save by obtaining and comparing car, home, medical and life insurance quotes from our nationwide network of insurance agents. For further savings, we offer articles with money saving tips on all types of insurance, such as car, home, life and medical insurance.

Contact: Marlene Brown
Public Relations Specialist
612-385-1331

###

Read the full story at http://www.prweb.com/releases/insurance/medical_insurance/prweb2623444.htm.


'/>"/>
Source: PRWeb
Copyright©2009 Vocus, Inc.
All rights reserved

Related medicine news :

1. NIH Stem Cell Guidelines Ethically Irresponsible, Scientifically Unworthy, Useless to Patients, Says Family Research Council
2. Family History Key to Psychiatric Disorder Risk
3. SIRIUS XMs Doctor Radio to Air July 4th Family Special 24 Hours About Our Kids: Why Kids Behave the Way They Do
4. A Random Act of Kindness Changes a Familys Life Forever as Alexzander Prados Wish to Walk is Granted at Abilities Expo
5. American Board of Family Medicine Obstetrics Formed
6. American Heart Association Extends Sympathy to Family of Singer Michael Jackson
7. UN Gathering of Global Experts to Address Current Crisis in Family Planning
8. Lightspeed Releases the New DepthQ(R) Family of Stereoscopic HD Video Software
9. FamilyCord Joins as Cord Blood Sponsor for WBLIs Dana DiDonatos Baby Shower
10. Radiation Rescue: 4 Steps to Safeguard Your Family from the Other Inconvenient Truth - The Health Hazards of Wireless Technology
11. Surging Internet Use Cutting Into Family Time
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/23/2017)... (PRWEB) , ... January 23, 2017 , ... “Crossing the ... last ten minutes of a woman’s life. “Crossing the Bar” is the creation of ... of three children. , Charlotte, who credits the inspiration of the book to ...
(Date:1/23/2017)... (PRWEB) , ... January 23, 2017 , ... “Some Infallible ... of the Father. “Some Infallible Characteristics of Christ” is the creation of published author, ... of a Baptist Church for thirteen years, a preacher for over nineteen, a pastor ...
(Date:1/22/2017)... Raton, FL (PRWEB) , ... January 22, 2017 , ... ... to customers across the world, recently met with big-name retail buyers at the January ... scientific evidence of efficacy and uses the utmost safety standards in all of its ...
(Date:1/21/2017)... ... January 21, 2017 , ... Caronlab Australia, an Australian company known ... Trade Show in Hilton Head, SC, where it benefited from outstanding meetings with major ... its beauty and wellness products. At this trade show, the company had the chance ...
(Date:1/21/2017)... ... ... Seamild, the largest manufacturer of oats in China, is now aiming at ... Oat is recognized globally as one of the healthiest cereals, XieQingkui, the founder of ... a move to sow the seed of good karma. Buddhism spirit featuring benevolence and ...
Breaking Medicine News(10 mins):
(Date:1/23/2017)... 23. Januar 2017  ResMed (NYSE: RMD ... 3B Medical ( Winter Haven, Florida ) ... über die Beilegung aller globalen Rechtsstreitigkeiten zwischen den Parteien ... ihrer bestehenden Produkte im Tausch gegen Lizenzgebühren an ... 3B leisten, um das in Florida ...
(Date:1/22/2017)... , Saudi Arabia , January 22, 2017 ... US and UAE discuss ... at the World Economic Forum   "The management and ... big data and powered by artificial intelligence and this trend is going to ... ,Hospital of the Future, at the concluding day of the 47 th ...
(Date:1/21/2017)... , Jan. 20, 2017  Today, during ... Conference, "PI3K Pathways in Immunology, Growth Disorders ... (NASDAQ: INFI ) presented preclinical ... candidate that selectively inhibits phosphoinositide-3-kinase-gamma (PI3K-gamma). Preclinical ... help overcome resistance to checkpoint inhibition by ...
Breaking Medicine Technology: