Life Insurance For Terminal Illness Texas TX
Reader’s Question:
A friend here in Texas is terminally ill, but insists on getting life insurance coverage, any luck that she will get one?
George
Tyler, TX
Although it would be a bit challenging, your friend would probably be able to find a life insurance provider who will be able to sell her life insurance coverage there in Texas. The real question is if your friend would be willing to put up with the amount of life insurance premiums she would have to pay (and it won’t be cheap). Fact is, very few would be willing to take the obvious coverage risk that your friend represents since the provider would know for sure that she is about to go away soon.
You can employ the expertise of an experienced and knowledgeable life insurance broker to help your friend locate or negotiate fairly competitive rates for her situation, but again it would still be a case-to-case basis. She could be facing premiums ranging from hundreds to even thousands of dollars depending on how long she still have left and the severity of her illness. Some policies would also have a clause where you can only collect the full death benefits after a couple or so years into the policy, and if the insured passes away sooner than that then the only thing beneficiaries would receive are the paid premiums themselves. It’s best to get a professional broker to get all the available options for you and hopefully, she can get a life insurance policy that would work for her needs.
Tags: life insurance questions, advise, no-exam life insurance, guaranteed life insurance
Cheap Low Rate Teen Car Insurance Texas TX
Reader’s Question:
My daughter is turning 19 next year and I am thinking of buying her a 2nd hand car as a birthday gift. Should I insure the car on my name even though she is the one gonna drive it or should I insure it on her name? I’d like to know if the owner of the car can affect the insurance rate that auto insurance company will be charging so I can save some on cash.
Larson
Houston, TX
A: There are factors that can affect auto insurance rates, from age to marital status, gender, and even the area where you are living. Chances are, if you are single, the car insurance company will charge you higher compared if you’re married. High-risk single driver obviously will be charged with higher auto insurance rate. Age will also deal a great role on acquiring auto insurance rate. If you compare a twenty three year old to a twenty nine year old insurer and both have the same driving record, the older person will get the inexpensive auto insurance rate. When it comes to gender, female drivers tend to acquire cheaper insurance rates. Maybe because of their driving habits differ from a male.
The area where you live in also influences your auto insurance rate as well. If you live in an area where traffic is higher, has a high crime rate, there is a chance that your rate will go beyond the ordinary. High crime rate may even cause reason to deny insurance. Another factor to consider is your driving habits or records. If you have records of driving accidents and driving citations, your insurance rate will be higher. But some insurance companies sometimes lower rates as a drivers record improves.
The type or class and how old your vehicle are also factors that auto insurance company look upon. If you compare a new SUV to a fifteen year old Chevy pick-up truck, insurance company will charge the old pick-up truck at a lower rate. Using your personal vehicle for doing business purposes will more likely to cost you much on auto insurance.
Tags: auto insurance, teen insurance, Young driver car insurance
Automotive Insurance Policy Cancellation Texas TX
Reader’s Question:
Is it possible for an automotive insurance company to cancel my policy if I get ticketed for overspeeding here in Texas?
Billy
Arlington, TX
An auto insurance company will normally look at your driving record to check on any traffic violations or road accidents that you have engaged in. They use this to assess your risk level and to decide whether you should be issued with an auto insurance policy or not.
Typically, auto insurance companies in Texas have the option of cancelling your policy within sixty days upon your initial purchase. The reason for the cancellation may depend on different factors, such as a speeding ticket. However, after the sixty-day period, the auto insurance company cannot cancel your policy anymore especially if it is just based on a speeding ticket.
Often, a speeding ticket and any other violations (including driving under the influence or while intoxicated) will lead to a considerable increase in your auto insurance policy rate when you apply for a renewal. The increase in your policy rate is based on the assumption that you are considered as a potential high risk driver that you are expected to cause more damages in the future.
Then again, you may still face a decline in your request for policy renewal, especially if your driving record shows multiple traffic violations and grave convictions. But there are cases wherein abrupt cancellation is done. This normally happens when you miss paying your premium or if you are found guilty of committing an insurance fraud.
Tags: auto insurance policy, Car Insurance Company, car insurance rate, high risk insurance, traffic violation