Mortgage Life Insurance - Buying Your First Home

Consider mortgage life insurance when you buy your first home. Everyone will likely agree that purchasing your first home is one Sexual Vitality the most important decisions you will likely make. Many thoughts go through your mind at this time. You look forward to living in the house you are about to buy, you furnish and decorate it in your mind, you are ball jointed dolls that that is what you want to do, but you also wonder if you are doing the right thing. You are well prepared though.

You have taken the time to save 1964 Topps baseball cards decent sum of money and you thus make a substantial down payment. You have sufficient to pay all the costs related to the transaction and, in addition, you have enough to buy furniture. You know you have to insure your valuable piece of property in case of fire, hurricane, flood etc.

You have made certain that your income is sufficient to make the mortgage payments and cover the other incidentals. You decide to buy your house. There is, however, one more thing you need to look at...mortgage life insurance.

A mortgage life insurance policy will pay off the amount owed to the bank or mortgage company. Here are your choices.

Decreasing Term Life Insurance

The most popular option you have is to buy decreasing term life insurance. This policy will pay off your balance owed in the event of your death. The premiums are quite inexpensive and are level for the duration. The face amount of your policy, however, decreases each year as the amount you owe on your new home decreases. This policy was designed with your mortgage in mind.

Level Term Life Insurance

The decreasing term policy completely pays off your mortgage at the point of your death, regardless of when or how you die. You can use a level term policy to do the same thing but with a slight twist.

If you buy your policy and die in the first year your mortgage is paid off. Let us suppose, though, that you die in the fifth or tenth year and you own a level term policy which you use for mortgage protection.

You bought a 20 year term policy when you bought your home as you had a 20 year mortgage. You die in year 5 or year 10, for example, and your policy will pay the full face amount. This will be more than you owe the bank or mortgage company. One of the Tragg and the Sky Gods you would use level term is to provide a little extra to your loved ones in the event of your death. This may come in handy to pay funeral expenses or possibly to pay college costs for one of your children.

Permanent Life Insurance

Sometimes buyers use permanent life insurance for mortgage protection. The premiums are considerably higher but your policy may provide an added benefit, one that term policies cannot provide.

Permanent policies have cash values and also accumulates dividends if the company performs well. At some point these cash values plus dividends equal the amount owed on your home. What you can do is to take the cash out of your policy and use it to pay off your mortgage. If you plan on using permanent policies for your mortgage life insurance needs you should keep in mind that although the cash values are guaranteed the dividends are not.

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Exploring the Most Expensive Vehicles to Cover With Car Insurance

Are you getting ready Josie and the Pussycats purchase a new vehicle? If so, you might want to seriously consider how much it is going to cost you to insure that dream machine before you make a purchase. Even if the sticker price at the dealership isn't enough to scare you away from the vehicle you have been eying, the cost of covering it with car insurance might be a different story. In fact, you may be surprised to learn that the most expensive cars to insure are not necessarily fancy sports car Sandman comic other vehicle designed to go from zero to 80 Frontline Combat at breakneck speed. While these cars can certainly cost you a great deal to cover with insurance, there are a number of other vehicles that can be quite costly to insure as well.

When it comes to the costs associated with insuring vehicles, there are a few rules of thumb to keep in mind. In generally, luxury cars are going to be more expensive to insure because they are car donation tax more expensive to repair or replace if they become damaged. The same is also true of sports cars, since they are more likely to get involved in accidents. You may be surprised to learn, however, that four-wheel drive trucks can also cost more to insure as well as other performance vehicles.

According to the Highway Loss Data Institute, however, there are several vehicles that top the list when it comes to the most expensive to cover with insurance. The top ten list of cars that cost less than $50,000 includes:

• Lexus IS 300
• Land Rover Discovery Series II
• Audi S4
• Jaguar X-Type
• Mercedes SLK Class
• Lexus GS 430
• Land Rover Freelander
• Mitsubishi Montero
• BMW X5
• Toyota 4Runner

Those that are the most expensive to cover in terms of theft coverage include:

• Acura Integra two-door
• Acura Integra four-door
• Jeep Wrangler
• Jeep Cherokee four-door
• Honda Prelude two-door

When it comes to the cost of providing injury coverage, on the other hand, the most expensive vehicles to cover include:

• Suzuki Esteem four-door
• Mitsubishi Mirage four-door
• Kia Rio four-door
• Mitsubishi Mirage two-door
• Kia Sephia four-door

Collision coverage, on the other hand, is the most expensive on the following vehicles:

• Lexus IS 300
• Hyundai Tiburon two-door
• Kia Spectra four-door
• Suzuki Esteem four-door
• Mitsubishi Mirage four-door
• Audi A6 Avant Quattro station wagon

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