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Term Life Insurance is the lowest priced life insurance that is available to consumers. Unlike Whole Life Insurance, Term provides no Cash Value. This means that there are no funds building while you pay your insurance payments (premiums). Term is what is known as “pure” life insurance, with 100% of the premiums paid going toward the payment of your policy.

A Whole Life insurance policy will build a Cash Value because a portion of the premiums paid go toward the policy fund and the other portion go toward the payment of the insurance coverage.

Term life provides you with more Face Value coverage than other types of life insurance, for a “given” dollar premium.

There are five main types of Term Life insurance available, although there are other variables, such as Level Term, Decreasing Term and Increasing Term (The latter is only available as a “Rider”), we’ll just focus on these main five for right now.

#1. Deposit Term Insurance - This is a 10 year renewable policy where you will make a security deposit at the time of purchase. The insurance company will return the entire amount of the deposit, plus interest, as long as the policy is maintained for at least 10 years.

#2. Re-Entry Term Insurance - This is the least expensive type of Term. You can purchase Re-Entry at what are known as “select rates”, which are less expensive than standard rates. Each time the “Term” of the policy is up, you’ll need to submit proof that you’re still in good health in order to receive the select rates, which must be done by completing a physical exam. If you’re not still in good health, then you must continue to pay the amount (premium) on the original Term policy.

#3. Renewable Term Insurance - You may renew this type of policy at the end of the policy term without having to take a physical exam or provide proof that you are still insurable. You would still have regular increases in your premium amount as you grow older, but not because your health may be suffering. One common type of Renewable Term Life is called “Annual Renewable”. The premium on an Annual Renewable Term policy will automatically go up each year. Other types of Renewable Premium Plans include; Five Year, Ten Year and Twenty Year Renewable Term.

#4. Non-Convertible/Non-Renewable - This type of Term insurance will expire at the end of a given time. Example, 10-Year Term. It costs more than Re-Entry Term Insurance, but is less expensive than Renewable Term.

#5. Convertible Term Insurance - This type of Term has what is known as a “conversion” privilege. This means that you may convert this policy to a policy with a higher premium, such as Endowment or Whole Life. You can do this at any time that you wish and your new premium would be based upon your age at the time of the conversion. A reason for doing this would be so you may purchase a more “permanent” plan. Your health would not make difference in the premium costs at the time of the conversion.

An example reason for buying Convertible Term Life Insurance might be a young man or woman that buys a policy in order to take care of their final expenses and debts, just in case of the unexpected happening. When this young person grew older and married, then they may want to convert their Term policy into something with a long term Cash Value, while still maintaining the original Face Value of the policy. The only difference would be an increase in premium payments.

Joe Stewart is a Webmaster and former Life And Health Insurance Agent. He’s made understanding life insurance simple for consumers. You can read detailed explanations about life insurance at his website TheLifeInsuranceGuys.com/ TheLifeInsuranceGuys.com or by clicking on
TheLifeInsuranceGuys.com/ Whole Life Insurance Quote Online

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The Tomtom satellite navigation system is ideal for those people who are always on the move into the unknown, providing nigh on pin point accuracy towards the destination. Its database holds routes and directions for over 16 countries, and comes in three different options suitable for all road users. Firstly, the navigation software can be linked up to PDA’s and Pocket PCs, which means people can make the best use of their existing hardware. Or there is an all in one portable device which can be mounted from car to car. Finally, Tomtom also offers mobile phone services, for those who wish to turn their mobiles into their very own navigational system.

Tomtom users can download a vast array of updates for their devices, which can be added as and when they are needed, and come as optional extras. These include traffic information, new maps, safety camera positioning, weather updates, scenic route finders, buddies (lets you know if your friends are in the vicinity), voices packages (want bugs bunny to tell you where to turn? Or simply a friendly voice with local dialect), and audio books readily available to listen to for long journeys. All of these options provide real value for money.

The Tomtom devices use GPS technology to pinpoint exactly where you are in the world, and by linking this to the appropriate section of road map from its huge on board database from maps around the world it shows you exactly where you are, in perfect 3D motion. Therefore not only does the Tomtom safely guide you to your destination, the fact that so many updates and ‘subs’ are available means you reach your target in the most fun and relaxed way possible. Tomtom id also one of the first satellite navigation systems to incorporate full postcodes, meaning it will take you right to the exact address, rather than simply the area you are looking for.

Tomtom provides a great advantage over other similar devices due to its touch screen properties, and the fact that it is a standalone piece of equipment, needing no wiring or permanent fixations to do its job. All in all, its relatively cheap price makes this product great value for money, and a great addition to any car

Mike Cain is a freelance webmaster writing, covering topics such as articlealley.com/archive_31.html articlealley.com/archive_31.html Automotive Articles. Please feel free to republish this article provided a working hyperlink remains to our site.

No Comments » Posted by Matt Cubb /