Average Cost of Renters Insurance Friday, December 17, 2010

The Independent Insurance Agents and Brokers of America or IIABA revealed in one of their reports that the average cost of Renters Insurance is about $240 a year, $12 a month or $3 per week. The average cost is for an insured policy with a content replacement or property coverage of $30,000 and liability coverage that amounts to $100,000. The computation of your premium rate actually depends on a lot of factors: age of your house (the older your house is the higher your premium cost); the area or location where you live (the high-risk area and the higher cost of living means higher premium rate); how much you are willing to pay for your deductible (the higher the deductible the lower the premium rate), and lastly is your insurance company.

Do you belong to the 2/3 of those who are renting an apartment or house and yet do not carry a renters insurance? Statistics were drawn out from IIABA's consumer survey and was conducted by a third party through a national consumer telephone survey. Out of the 1,000 people whom they've asked, 64.4 percent answered "no" to having a renters insurance policy even when the average cost of renters insurance is not that really expensive because this is the top reason and misconception of these individuals. There were at least 2.2 percent who answered "don't know" which means that they are not aware that there exist an insurance policy designed for those who are renting.

To erase the misconception of an expensive premium cost for insurance policy of rental properties, here is the data about the average cost per state. The figures are based on the 2006 data of the National Association of Insurance Commissioners. The US countrywide cost is $189. The state that has the highest average cost of renters insurance is Texas with $261 and the state that has the lowest average cost of renters insurance is North Dakota with only $119 and somewhere in the middle is Washington with $170.

Other states (arranged from highest to lowest) is as follows: After Texas, Mississippi follows with $252 as its average cost of renters insurance. Next in line are Louisiana ($245), California ($244), Oklahoma ($230), Alabama/Massachusetts ($223), New York ($220), Arkansas ($217), Georgia ($215), Hawaii ($213), Tennessee ($208), Arizona ($207), Nevada ($205), Florida ($201), New Mexico ($200).

These are the states that the average cost are below $200 - Connecticut ($197), Rhode Island ($189), South Carolina ($189), District of Columbia ($185), Alaska ($182), New Jersey ($179), West Virginia ($177), Indiana ($173), Kansas ($170), Colorado ($169), Illinois ($168), Missouri ($166), Michigan ($164), Ohio ($163), Oregon ($162), Kentucky ($161), Maryland/Montana/Vermont ($160), Delaware ($159), New Hampshire ($157), Wyoming ($155), Idaho ($153), Nebraska/Pennsylvania ($148), Virginia ($147), Maine ($145), North Carolina ($144), Minnesota/Utah ($139), Iowa ($132), Wisconsin ($122), and finally South Dakota ($120).

Now that you are aware of the average cost per state, you can more or less calculate how much you would have to save whether it is daily, weekly or monthly. After you make your computation, you would realize then that it is not really that expensive.

What is your state's Average Renters Insurance cost? Visit http://www.wiseinsurancequotes.com/renterquote.php and get free quotes from all the major insurance providers. Save up to 70% on renters insurance. It's fast, free and easy!

Top Insurance Companies - Selling Single Premium Life Wednesday, August 25, 2010

New and professional insurance agents alike, often overlook selling single premium life. Some agents do not know who the top insurance companies offering the plans are. Other agents are unfamiliar with the advantages the coverage can provide the client. This will briefly explain the needed information on both

This is a great option for a client that has a lump sum of cash not needed right now, and desiring guaranteed life insurance protection. For provide the family or charity with a later payment, single-premium life insurance may be the ideal product for you. The minimum investment payment is usually $5,000.

Single Premium Life Insurance protects the financial security of individuals interested in preserving and transferring their wealth without passing along estate taxes. Single premium life insurance requires a one time, lump sum of money paid into the policy in return for a death benefit guaranteed to remain paid-up until the policy owner dies. With single-premium life insurance, the cash invested builds up quickly because the policy is fully funded.

The size of the death benefit depends on the amount invested and the age and health of the insured. At age 55, a $25,000 single payment on a female could carry a $60,000 death benefit. In turn a 50-year-old male may make a $25,000 single payment and have a $100,000 death benefit. Some SPL policies give tax-free access to the death benefit to pay for long-term care expenses. This super feature can help protect other assets from the overwhelming cost of long-term care. The death benefits remain in the policy, and when the policy owner dies, they pass income tax free to the beneficiaries.

 Investment Options   There are two popular single-premium policies that offer different investment options. First, there is single premium whole life, which pays a fixed interest rate. This rate is based on the investment experience and current economic conditions affecting the insurance company.  The other option is single premium variable life that allows policy owners to select from a wide number of professionally managed money market, stock, and bond or set up a fixed account.

The advantages of single premium life insurance include earnings that accumulate tax deferred, a beneficiary receives an immediate, tax-free death benefit, and policy owners are able to retain access to their money to meet unseen circumstances.

The disadvantages of singe-premium life are that is not a deposit that it is not FDIC insured by a Federal Government Agency. It is also not guaranteed by any bank provisions and could possibly lose value.

The Top Insurance Companies Actively Promoting SINGLE PREMIUM LIFE

1. Americo Financial Life and Annuity Insurance Company, all states but Al, AK, MS, NJ, NY, PA, WA

2. AmerUs Life Insurance Group, national

3. Assurity Life Insurance Company, national

4. Aviva Life $ Annuity Company, all states but MA. MT, PA, VT

5. Baltimore Life Insurance Company, all states but KY, MA, MT, NY

6. Catholic Family Life, these 20 states: AZ, CA, CT, IL, IN, IA, ME, MD, MI, MN, MN, MO, NE, NH, PA, RI, SD, VT, VA. WI

7. CSA Fraternal Life, these 17 states: CA,CO,FL, IA, IL, IN, KS, MD, MI, MO, NE, NJ, OH, PA, TX, WI

8. EMG National Life Company, no NJ or NY

9. Equitable Life & Casualty, all states but AK, CA, CT, DE, FL, GA, HI, MD, MA, MN, NJ, NY, PA, RI, VT, WA, WI

10. Illinois Mutual, all states but not AK, HI, NJ, NY

11. Lincoln National Life Insurance Company, national

12. Motorists Life Insurance Company, available in FL, GA, IL, IN, KY, MI, OH, PA, SC, TN, VA, WV, WI

13. Mutual of Omaha, all states but MD, MA, NJ, PA, VT

14. New York Life Insurance Company, national

15. National Guardian Life Insurance Company, all states but ME, NY, VT

16. Nationwide Financial, all states but CA, CT, HI, MA. MS, MT, NV, NJ, NC, PA, TX, UT, WA

17. Royal Neighbors, All states but AL, AK, HI, MA, NH, SC, VT

18. SBLI USA Mutual Life Insurance Company, most states

19. Standard Life and Accident Insurance Company, all states except AL, AK, ME, MT, NH, NJ, NY, SD

20. William Penn Association, all states except CA, CT, Fl, Il, IN, KY, MD, MA, MI, MO, NE, NJ, NY, OH, PA, VA, WV, WI

Well published author, Don Yerke likes to concentrate on what you don't know or what no one else dares to print. Tell it like it is.

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Hope you enjoyed this article on selling single premium whole life insurance.

Annuity News Now update 7/21/2010 -151A and Iowa Insurance Regulations 2011 Friday, August 13, 2010

www.annuitynewsnow.com Annuity News Now....151a vacated, Iowa state insurance regulation 2011 continuing education requirements and stock market plunge. The following topics are discussed on Annuity News Now 1. fixed indexed annuity 2. roth conversion 3. marketing organization 4. fixed annuities 5. annuity performance 6. retirement income 7. index annuity 8. tax deferral 9. equity index annuity 10.fixed index annuity 11.annuity products 12.news about annuities



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Where to Get Cheap Iowa Auto Insurance Wednesday, August 4, 2010

Iowa has some of the lowest auto insurance rates in the United States, which is good news for Iowa residents looking for car insurance. Even so, insurance costs can vary widely from one insurance company to another and you want to make sure you're getting the cheapest rate possible. To save on your auto insurance, follow these tips:

Drop Extra Coverages You Don't Need

You may be paying for insurance coverage you never or rarely need, such as towing and rental coverage. Consider dropping these extra coverages to lower your insurance rate.

Depending on the age of your auto, you may also want to drop your comprehensive and collision coverage. Most insurance companies recommend dropping these coverages if your auto is more than five years old.

Get All the Discounts You Qualify For

Insurance companies offer a variety of discounts that will lower your auto insurance rate. Ask your insurer if you qualify for any of these discounts:

* Multi-policy discount

* Multi-car discount

* Good student discount

* Good driver discount

* Anti-theft discount

* Safety features discount

* Low mileage discount

Also ask your insurer if there are any other discounts you might qualify for.

Shop Around for the Cheapest Iowa Insurance

You comparison shop for other major purchases, and at upwards of hundreds of dollars a year, auto insurance certainly qualifies as a major purchase. If you don't shop for the cheapest insurance rate, you're probably paying too much.

To make your comparison shopping easier, visit an insurance comparison website. Once you submit your insurance information, multiple A-rated insurance companies will give you insurance quotes and you can then choose the cheapest rate. On the best of these websites, you can even talk online or by phone with insurance professionals to get answers to your questions. (See link below.)

Visit http://www.LowerRateQuotes.com or click on the following link to get Iowa auto insurance quotes from top-rated companies and see how much you can save. You can get more auto insurance tips in their Articles section.

The authors, Brian Stevens and Stacey Schifferdecker, have spent 30 years in the insurance and finance industries, and have written a number of articles on Iowa auto insurance.