Increase in Life Insurance Coverage Virginia VA

Reader’s Question:

Hi. I want to know how I can increase my life insurance coverage without getting an additional life insurance policy from my agent here in Virginia. Is this possible?

Felton

Alexandria, VA

Felton, I think there is really nothing we can do about increasing our coverage once we buy a life insurance policy except get additional policies. However, there are contracts that will pay out more than what your face value is.

An example of this is attaching an accidental death benefit rider. If you have an accidental death benefit rider attached to your life insurance policy and your cause of death is due to an accident, your life insurance provider will more likely double your face amount. Your life insurance policy will pay for your original face value coverage and then your accidental death rider benefit will match your face value and pay your beneficiary the same amount as your life insurance, thus making your total death benefit double the amount.

Also, attached to your accidental death benefit is a dismemberment insurance. So, not only will you be having double coverage when you die of an accident, you will also get a lump sum when a part of your body got dismembered. The lump sum you get will depend on the severity of the accident as specified in the policy.

Another thing to remember also about AD&D (accidental death and dismemberment) riders is that it doesn’t often cover accidents brought about by dangerous sports activities such as parachuting, flying an aircraft, and involvement in war.

So, when you call your agent in Virginia, be sure to ask about a double indemnity feature or an AD&D rider.

 

Tags: life insurance, life insurance coverage

Auto Insurance Cost Burke Virginia VA

Reader’s Question:

I really need to cut down my auto insurance costs in Burke, Virginia, how can I do so? I hope you understand, I have nothing against auto insurance companies but the premiums are just killing me!

Dan

Burke, VA

Sure, Dan, nothing to explain here, if you want to reduce your auto insurance costs in Burke, Virginia. There are two strategies in reducing your auto insurance costs and the first is reducing your coverage. This will of course be risky since you are widening your exposure to potential financial responsibilities whenever you limit your coverage. You can always say that you will just be a more responsible and disciplined driver but we all know that vehicular accidents happen not only to those who are reckless but also to those who are very careful. That is the nature of accidents, unpredictable and can happen to anyone and so, just be aware that if you reduce your coverage to cut on auto insurance costs, you are exposing yourself to higher financial risks.

The other strategy, Dan, is to improve the safety features of your vehicle, both against theft and injuries. True, this will cost you some amount but the costs will be worth taking in because your auto insurance premiums will be dramatically reduced while you maintain the same level of coverage. You can install alarm systems or ask one of the auto shops around Burke, Virginia to do so to lower the possibility of your car being mugged. You can also put in airbags to minimize injuries which can be caused by vehicular accidents. You can check and contrast how much all these will cost against the savings you will incur in your auto insurance policy. To do so, just enter your zip code on the blank space on this page, answer all the questions, keeping in mind the improvements (the ones I’ve mentioned and anything else you can think of) you will do to your car. You will see the new calculations for your auto insurance and you will be convinced that adding these safety features is worth your while.

 

Tags: auto insurance, car insurance, car insurance cost

Cheap Health Insurance rates Arlington Virginia VA

Reader’s Question:

I will be going to college in Arlington, Virginia and I’m wondering if I should get myself a health insurance. Won’t the university’s services be enough?

Harry

Arlington, VA

Hi, Harry, I have an idea where you might be going in Arlington, Virginia but I will keep it to myself for now. True, there will be health care services provided by your university and because you are a legitimate enrollee you will automatically be included in their system. However, there are some limitations a university health care services will have. Number one, it will definitely not have specialists on its roster and should you require special services you will find yourself unprotected financially. Secondly, most universities will require you to pay for the expenses up front and just reimburse expenses with them. This will be a hassle for you if it will happen at a time when you are short in cash.

The best deal for you, Harry will be a managed health plan, which should serve as a prepaid health care plan. Once you have paid for it, you do not worry anymore about being stricken by disease when you have no money in your custody. And if you are worrying about the budget, you don’t have to because there are many affordable health plans in Arlington, Virginia and you just have to look around for them.

You can look for them by entering your zip code on the blank space at the top of this web page. That serves as a search tool which will give you several free proposals from different insurers without any obligation on your part to commit to them.

Tags: cheap health insurance, health insurance plan, health insurance quotes, health insurance rates