Does your insurance premium seem high? Make sure your agent has right info

If you receive your homeowner or automobile insurance renewal and think the premium doesn’t seem right, it’s a good idea to check in with your insurance agent to make sure the company is using accurate information in the rating of your policy. Insurers use many factors to determine the amount you pay for insurance, some of which include where you live, the type and value of the property you are insuring, your driving record, marital status and your driving habits.

You should confirm all of that information is accurate, including your social security number, which insurers collect to get your credit score. Most insurance companies use information in your credit history and other factors to calculate your rate. Each company weighs these factors differently, so your credit score’s effect on your insurance rates will vary from company to company. Additionally, the credit history of the first person named as the insured on a policy might be used in rating. Be sure to ask your agent about how that can affect your rates.

Read more about:

• Credit scoring and auto insurance. 
• Credit scoring and homeowner insurance.

If your insurance agent or company has any of this information incorrect, it can result in you paying more—or less--than you should for your insurance.

If you have questions about insurance, contact our consumer advocates.

Consumer alert: Recent widows are target of life insurance scam

We’ve received reports that a scammer is targeting people who recently lost a spouse in the Spokane area.

The scammer has called several women who recently lost their husbands. The caller says there’s a life insurance policy on the spouse, but the policy hasn’t been paid on in recent months. The caller instructed the surviving spouse to send cash or gift cards in order to get the life insurance benefit. In all cases, no policy existed.

If you get an inquiry from someone who says they have an insurance policy you’ve never heard of, document as much information as you can in case you need to report it to the police. Then, call the insurer and determine whether there is in fact a policy. You can look up insurance companies and their phone numbers on our website. If you find out someone is attempting to scam you, report it to your local law enforcement agency. You can find a list of law enforcement agencies on the state's 211 website.

An insurance company will never call you and ask you to send them cash or gift cards in order to get a life insurance benefit. Sadly, even during a time of grief, consumers have to be on guard against scammers.

More information:

• If you have questions about insurance, contact our consumer advocates online or at 1-800-562-6900.
  
• Read about how to find an old life insurance policy on our blog.

Income Tax Guide for Individuals 2014-2015

Related Plans :  LIC New Endowment Plan Table No - 814, LIC New Jeevan Anand Plan Table No - 815

To Health Insurance product click Religare Health Insurance. 

Life Insurance Doesn't Have To Be Confusing

The insurance industry has and will always be confusing. Please feel free to contact us with any questions or concerns you might have!

844-298-7027

www.FamilyFirstLifeMD.com

Looking For A New Career? Visit Our Jobs Website www.FamilyFirstLifeJobs.com

Life Insurance Frequently Asked Questions (FAQs)

Life Insurance FAQ

Q. Must my beneficiary have an insurable interest?
A. No. If you buy a policy on your own life, you become the owner of the policy. As the owner, you can name anyone as beneficiary, even a stranger!

Fast Facts

Life Insurance Myth: I'm single, or married with no children, so I don't need life insurance.

Fact: Life insurance can help you cover your debts as well as help you provide for your loved ones in the event of death, even for those without children.

A Personal Message To My Readers

I have been so busy the past 2 weeks that I didn't manage to write a proper post for this week. As such, I thought of just writing a personal message to all of you here during my lunch break at work.

I am mostly anonymous on my blog but in recent times, I've started to slowly meet up with people out there and reveal my true identity. More and more people have come to know of my blog and while talking to a few friends recently, I mentioned its getting more scary that people all around me are reading the stuff that I write. I have friends and family members coming to tell me that their friends are also reading my blog and I see my own friends sharing my posts on Facebook as well. One of the most surprising thing was I got to know that one of my articles was actually used as reading materials in a local university.

The articles I write caters mainly to young people as what many of you might have realised. I know that finance topics can be quite complicated so I always try to keep things simple. I like simplicity in life.

This year, I will be even more busier with events, writing more articles, more networking sessions and meet ups and speaking engagements. I would never have imagined that I would get involve in all these 2 years ago. A passion, which started the blog, to reach out to young people, had created opportunities for me. I had the chance to meet up with high profile and influential people which was a humbling learning experience for me.

I always say that finding your passion in life is important. It does attract opportunities into your life and it also attract successful people into your life. Money comes after that. Talking about money, just this 2 months alone, my estimated passive and extra income is set to cross over 1.5k now.

Some of you may be experiencing financial difficulties in your family which made you realise the importance of financial planning. Some of you may have gotten yourself into financial problems because of bad financial decisions in the past. But, no matter how big your problem is, always remember to look ahead to a better future. Change the way you think, change your lifestyle, choose wisely the people whom you associate with and you'll be on your way to success.

Chinese New Year is just around the corner. Here's wishing everyone Gong Xi Fa Cai!! Enjoy the reunion, the gatherings and the holidays!!

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