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Life insurance, more than most things you buy, relates to the circumstances of your life. You buy life insurance to protect your family from financial loss stemming from your death. You tie the amount of your life insurance to the money your family will need to provide an income, pay off debts, put children through college and cover financial commitments.

But what happens to life insurance when you’re about to dissolve your marriage? How do you deal fairly with a soon-to-be ex-spouse, yet still make sure you have coverage for the future? Is there a way to provide for adult children of a previous marriage without going broke — especially if you have children through a second or third marriage?

Here are a number of considerations you should be aware of:

- Don’t assume that your insurance agent or company knows about your circumstances. If you don’t change your beneficiary, your former spouse may receive the proceeds of your policy upon your death. If the designation simply reads, “husband of the insured” or “wife of the insured,” and there is no new spouse, the secondary beneficiary receives the proceeds.

- You may be able to transfer ownership rights of the policy as part of a property settlement or to ensure continuation of alimony payments. Your ex-spouse may not press as hard for more support or a greater slice of an ongoing pension if he or she remains the designated beneficiary on a permanent life insurance policy. Of course, you need to ensure that your policy remains a valuable asset by keeping up premium payments.

However, transferring an existing cash value policy (as opposed to a term policy, may carry with it the burden of federal gift tax, unless you transfer the policy prior to divorce. Be sure to discuss this option prior to the finalization of your divorce.

- Don’t overlook the possibilities life insurance may provide for dealing fairly with children from your previous marriage. If you’re paying alimony to your previous spouse and have a second family with your new spouse, adult children from your first marriage may sue your estate after you’re gone if they aren’t dealt with at least as fairly as the children from your subsequent marriage(s).

A permanent life insurance policy can be an immediate “estate replacer” to children from your first marriage — it helps you replicate accumulated assets that you wish to pass on to the children of your first family — but can’t afford to without neglecting the needs of your new family. Essentially, you purchase a permanent life insurance policy on yourself and designate your adult children as beneficiaries. When you die, proceeds bypass the probate process and pass directly to your adult children. Your immediate spouse and any children from that marriage are left with your accumulated property and assets — so you’ve provided for both families.

If you’re contemplating divorce, don’t forget the options you may have with respect to your life insurance coverage. Divorce is tough enough — don’t overlook the flexibility and security this valuable asset can provide.

Matt McWilliams is one of the co-founders of HometownQuotes.Com, an online insurance quotes web site. He is originally from Pinebluff, NC and graduated from Middle Tennessee State University in 2002. He is considered an expert in the field of online insurance shopping and finding new ways to help consumers save money on their insurance. For more information visit http://www.hometownquotes.com

Tags:insurance,car insurance.life insurance permanent life insurance, term life insurance, finance, life insurance, insurance

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Disability income insurance can cover you in the event of a severe accident or illness but, it really depends on how much disability income insurance you purchase as to whether or not it will be able to meet all of your financial needs. The greatest number of families have no form of disability income insurance.

Short term disability income insurance covers the first few months you are disabled and the benefits of short-term disability income insurance, are many . Short term disability income insurance is a temporary relief though. If your condition prevents you from working for more than the covered period, then you will need to rely on long term disability income insurance.

Disability insurance can be purchased up to a certain percentage of your income and is tax free if you pay for it yourself.

Disability insurance does not mean you have to take the maximum but you would be wise to take sufficient to cover your monthly bills, even if you give up covering some items.

Disability insurance is sometimes hard to think about. Some people believe that if they make a Will that it will bring them faster to their Maker. Ditto for disability; take a policy and get disabled. But of course it doesn’t work that way.

And the worst thing to do is to consider taking a policy and then becoming disabled before getting a policy in force. Disability insurance quotes will give you firm premium figures for various amounts of income and then you can make up your mind what to do. Even if you take a disability insurance policy with the longest waiting period, it will start paying when you , really, really need it.

Disability insurance cost should be considered as a percentage of your income. If you earn $60,000 a year is 2% or 3% of that too high a cost to ensure that your net income will continue? Only you can answer that after you have obtained a written disability insurance quote based on your income.

Ivon T. Hughes, The Hughes Trustco Group Ltd.
Online Insurance Broker - Get a FREE Quote TODAY!
Tel: (514) 842-9001
Email: info@trustco.ca
Web: http://www.hughestrustco.com

Tags:insurance,car insurance.life insurance income, disability, insurance

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Pay-per-click search engines allow you to bid for keyword placement within the search engines. For example, if one of your pages focuses on the topic of “Offshore Investment,” you can bid for the first five placements on Google first page when someone searches with this keyword.

Though a time saver but there’s a catch, as most popular keywords are very expensive.

So your best strategy is to bid on less popular keywords related to your business baceuse you do not always need to bid for the Topmost placement. Slightly lower placement but on the first page is much more cost effective.

PPC is the only means by which you can receive instant visitors. It is generally the first step to start getting instant traffic.

If you are using any dedicated PPC search engine like Overture, FindWhat, Ah-ha or Kanoodle you can save a considerable amount of money by monitoring your bids.

Example: Your bid for “your keyword” is $0.75 and you hold position 4 with that amount. Your next competitor bids $0.63 for position 5. That means that you still would be listed under position 4 if your bid were $0.64 (i.e. you are paying $0.11 more for your listing).

You can save a lot of money by finding pricing gaps and lower your bids while still maintaining the same position. A PPC Account with a search engine optimisation company would save you hundreds of dollars and you can avail various free PPC bid management tools.

In addition to bid monitoring PPC customers should be aware that there is significant fraud going on in the PPC business. Most PPC search engines have affiliate programs and partnership programs. These affiliates often generate bogus clicks to inflate their commission. Highly competitive keywords like “Health Insurance Quotes” with high bids are the most popular targets and you can be one of those victims.

Dedicated Search Engine Optimisation companies have their own trackers which monitors clicks on their customer sites. With IP tracking they can differentiate between unique and repeatative visitos. They have also build their own toolsets based on google analytics results which is another genuine source of lead monitoring. Their are many such tricks of the trade which search engine optimisation experts practice. Thus to get the maximum PPC benefits it is advisable to hire an SEO Company than making an account directly with the PPC search engines. PPC is effective as a start up solution to get instant traffic but not as a long term goal.

The author is one of the founding members of Dassnagar Infosystems, which is one of the leading Web Design India Company specializing in helping their clients to build online business in cost effective manner. The company is lead by experienced Internet consultants, computer scientists and management professionals and backed by recognized companies including but not limited to DIS Web Design and SEO India Pvt Ltd.

Tags:insurance,car insurance.life insurance Pay per click, keyword placement, PPC, Search Engine Optimisation

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