Universal life insurance: This is more flexible than traditional whole life, because the premiums can vary from year to year, and in certain cases the premiums can even be skipped. Universal life has maximum guaranteed premiums and minimum guaranteed cash values and death benefits. Instead of dividends, universal life policies earn interest at the credited interest rate determined each year. If you need premium flexibility, especially in the early years of the policy, universal life is for you.
The recession is making it hard for everyone to earn a decent living. During the last year, millions of Americans have lost their jobs because of the recession. Besides the emotional and financial consequence of losing a steady paycheck, one of the issues that a lot of laid-off employees are concerned about is their health care.
There are many car insurance options. Knowing what you most likely will need is the key to making sure you are properly covered.
o Do you want coverage for a rental car if your car is damaged?
o Do you want an extended warranty to pay for parts and labor if your car breaks down?
o If your car is leased, you will probably need gap insurance which pays for the difference between what your insurer pays and what you owe on your lease if the car is completely totaled.