The Top 3 Factors that Affect Life Insurance Premiums

Life insurance premium payments can be as affordable or as expensive as you want it to be. It all boils down to how much cover you need, and the other miscellaneous benefits or advantages that you want it to have as well. If you are a high-risk policy owner, you simply can’t take out the first life insurance option that you see. It always pays to invest your time on shopping around to make an informed decision!

  • How much is a life insurance policy?

The monthly premium payments will be determined by the amount or extent of coverage needs. Another factor that affects the amount of payout to your beneficiaries is the likelihood that you will die in the near future. The older you get, the higher the premium payment will be!

Here are a few things that play major roles in the calculation of an insurance policy!

  1. Age

If you purchase an insurance at a young age, you are sure to get lower premium payments. People over the age of 50 will be assessed with higher insurance premiums assuming they are more likely to die soon, or they are already suffering from poor health.

  1. Marital Status

Married individuals are more likely to be assessed of lower premium payments. The household’s income may be divided into two individuals, thus insurers will assume the cover won’t be as much as single policy owners.

  1. Smoking habits or history

Cigarette smokers are always assessed of higher premium payments due to their likelihood of developing illness more than non-smoking individuals!

Why My Old Mom Bought Life Insurance Without Our Knowledge

My Mom and I disagree frequently on a lot of things, but this does not mean that we cannot stand each other. In fact, we love each other so much that I couldn’t think of living a life away from her. This is one of the reasons why I declined a job that requires relocating to another state.

Yesterday, we got into another argument about her recent purchase, which she calls an investment. She bought herself a life insurance (from lifeshieldhq.com). I told her that it is not necessary since she has some savings, retirement payments and her own home.

She told me that she is doing it to prevent me from having problems in the future. She insisted that the reason that I disagree with the purchase is because I didn’t want to think about her dying.

That was true. She further explained to me that even if she has some cash at the moment, we wouldn’t know what to expect once she becomes sick and will require medical treatments. It can be costly that we may resort to getting loans just to support her treatment.

I understand better now. It may be painful to think about a love one’s death, but it is a fact of life that happens to everyone.

Factors that are less evident than the usual ones

Many studies are done by the companies in order to determine your car insurance rates. There is a vast number of variables that have to be accounted for when a given company calculates your quotes, in order to estimate as precisely as possible the probability of you falling victim to a theft, robbery or car accident, and then calculate how much every single of their customer should pay monthly in order to for their balance to be positive after paying for every single of their costumer’s sinister.

Since cars are extremely valuable and prone to all sorts of incidents and accidents, car insurance is a mutualistic benefit – it helps both the companies and the costumers a lot. The costumer only has to pay high rates if they’re likely to be in a situation where insurance would be needed, so it won’t be a useless cost for them; on the other hand, if it’s unlikely that they’ll need it, they have to pay very little, so the laws of probability work in their favor.

Location is one of the factors that influence on your rates the most – if you either live or frequently drive in an area statistically considered dangerous, it’s likely that you’ll need the insurance, therefore your rates go up. This also takes in account how much you use your car; if you live in an area where accidents happen often, for example, but you very seldom go for a drive, its unlikely that you’ll crash.

Another factor which heavily influences on your insurance rates is your experience. This is determined by your Motor Vehicle Report, which accounts for every car accident you’ve had and every infraction you’ve committed; and your age, which will determine for how long you’ve driven and therefore how familiar are you with driving.

Many aspects of the vehicle in question are taken into account when you drive, especially the model and year of the auto. A very valuable car will certainly demand higher rates, since it’s more likely to be robbed or stolen, whereas a cheap one is unlikely to have that happening. Results of the experiments done on the car before its released, especially ones related to crashes, are frequently taken into account.

Some other factors are less evident than the usual ones. For instance, according to the insurance companies’ research, men are much more likely to be involved in an accident than women, and single drivers run a higher risk of crashing than married drivers. This is believed to happen due to testosterone, which makes an individual act reckless and impulsive, and is much more abundant in men, and even more so in men who are single.

In the end, after you make sure you’ve lowered your risk factors as much as possible, it comes down to picking a company which takes the risks which are high for you less severely. Make sure to compare the rates of all insurance companies (get the best auto insurance companies) whose services you can hire, since they vary a lot by the company’s research and formulas.

Everything that you Need to Know about Massholes

Massholes is collective terms used by residents of Maine, Vermont and New Hampshire for people living in Massachusetts and impatient and inconsiderate drivers in the latter mentioned state.

To date, there only Maine, Vermont, and New Hampshire typically use this term for people living in Massachusetts. It is said that is nothing but snobbery for drivers living in Connecticut and New York to complain with the driving of people from Massachusetts, as theirs are said to be equal or just as worse as theirs.

It is also said that people living in Maine and New Hampshire have this fondness of turning names of neighboring states into scatological terms, but referring to Massholes is more satisfying to them.

Massholes are essentially drivers who live with a motto, “Pushy and bossy win the race.” Massholes are drivers who get drunk and then drive recklessly weaving among traffic at 25 over the acceptable speed limit. These drivers are also widely known for throwing trash out the car window, driver with busted tail lights, and overly confident that they can get away with traffic violations as evidenced by their stickers on the rear window, “State Troopers are our Best Protection.”

 

The Reasons Why Massholes Drive the Way They Do

The government of Massachusetts is well organized to grant impunity to unionized state employees, to extract the minimum in fees and taxes from it citizens. The state has its notorious Registry of Motor Vehicles that fully embodies the tradition of having the inability to issue basic needs such as front license plates even if they have full control over the cost as well as terms of transaction.

In terms of licensing of drivers, the state’s Registry is unable to keep unqualified drivers away as it is to issue credentials to those who are qualified altogether.

The frustrating dysfunction of the state government explains why Massholes cannot leave a lane that is closing, even when they are given a mile of advance notice. Signs are most likely to be wrong, left in place to optimize the billings of those with political connections from whom they are being rented.

Massachusetts to some people from nearby states is considered a scary place, as nearly every car on the road, is either being operated by a jerk, or is mislabeled.

 

What to do when you encounter a Masshole on the road?

In the unfortunate event that you encounter a Masshole, how do you deal with him or her? There really is nothing that you can do to make things good when dealing with a Masshole. There is no way that you can instill driving etiquette when dealing with Massholes without sacrificing your anonymity. You will certainly lose an argument with a Masshole not due their ability to defend their actions, but mainly for the reason that they will not accept that they have committed infractions while on the road.