Most people do not have enough life insurance. In fact, the average amount of life insurance owned by Americans is about $186,000.00. When you think about it, that's not much coverage at all.

Term life insurance is very inexpensive nowadays and starting in 2009 it could get even cheaper. The reason; all insurance companies must comply with the 2001 mortality and morbidity tables. People are living longer and healthier lives and the new "tables" reflect this lifestyle change for Americans. Thus, the term wars will begin all over again. Many insurance companies will be scrambling to get new customers with lower than ever term life insurance rates. 

Since we get many requests for term life insurance and in anticipation of the new rates, we will begin to offer real-time, instant term life quotes. One very simple form that takes about 30 seconds to fill out and voila! instant term life insurance quotes. If you like the life insurance rates that you see, you can even apply online. No annoying insurance agents to bother you and better yet, term life insurance you can afford. 

Stay tuned to this blog. As soon as our new term life quoting engine is up and running, we'll post the news here.

Just when you thought you can't take it anymore HealthNet announces a rate reduction to many of their health plans for 2009.

With the average cost of health insurance increasing by over 7% next year, one company has decided to lower their rates. HealthNet has released their new rates for 9 of their group health insurance plans this fall. Their EPO and POS plans all have recieved a 7.2% rate reduction. This is great news for the small business owner! You can check out their rates by clicking here.
You can request a customized quote by calling us at: 914-633-1717

 HealthNet is a leading health provider in New York City, the 5 Boroughs, Westchester and Rockland Counties.

I saw somewhere that this month is "Disability Awareness Month." So if it is, here are 5 misconceptions about the way people think about disability insurance. Here goes:

Reason 1: I can always get coverage in the future.

Fact: True, but people usually develop health problems as they grow older, and premiums increase with age.

Reason 2: My family and friends will support me. Or I will pay my bills with savings.

Fact: While your family and friends would love to help you, are they in a financial position to do so? And do you really want to be a burden on someone else? And, unless you're independently wealthy your savings probably will not last long. Just one year of disability could easily wipe out several years of hard-earned savings.

Reason 3: I have group disability coverage through my job.

Fact: Even if your employer is among the few that's not cutting back on benefits, group disability insurance typically covers just 60% of gross income, and benefits are usually fully taxable. Can you afford more than a 40% pay cut? Also, what happens if you change jobs?

Reason 4: I cannot afford it. I'll purchase a policy later when I have the money.

Fact: The average premium is typically only 1 to 3% of your gross earnings. Plus, the longer you wait, the higher your premiums will be. If you cannot afford 1 to 3% of earnings, how will you afford to pay your bills in the event of a disability?

Reason 5: It'll never happen to me.

Fact: If you're under age 35, chances are one in three that you will be disabled for at least six months during the course of your career.  Also, consider that more and more people are living with disabilities today that would've killed them in years past.

Your ability to work and earn an income is by far your largest asset. Consider the benefits of a disability income policy to help protect your earned income should a sickness or injury force you out of work. If you would like a free quote or more information about a personal disability policy, click here