How to save money on life insurance

March 6, 2021

Buying the wrong benefits for a low premium does not add up to savings

There are ways to save money when buying life insurance, but they don’t always entail paying a lower premium immediately. As your top priority, look for a policy that meets your needs. Buying the wrong benefits for a low premium is a waste, not a saving. Beyond that, here are some ways to maximize your life insurance dollars.

Before you buy

Once you’ve determined what type of life insurance product to buy:

Focus on financially sound companies. Dozens of companies sell life insurance. Limit yourself to companies with high ratings from two or more independent rating agencies. A low premium from a shaky company isn’t a good buy. See How do I choose a life insurance company? for more details.
Shop around to get a sense of the premium you’re likely to pay. Quote services on the Internet may serve this purpose, or you can ask an agent or broker to get you a premium estimate. As part of this research, determine which rate class you’ll fit into. Most companies that sell individual life insurance have several different price classes—usually called “preferred (non-tobacco),” “standard (non-tobacco),” “preferred (tobacco),” and “standard (tobacco).” A small percentage of people have health conditions or histories that disqualify them for even “standard” rates. Many in this group will be offered insurance at “impaired risk” or “nonstandard” rates.
Look into group insurance. Consider participating in your employer-sponsored life insurance program, even if you have to contribute to it financially. Employers often subsidize their group insurance costs, so it can be less expensive than individual life insurance. You might obtain coverage up to a certain level without providing evidence of good health, an advantage for some people. You’ll probably pay premiums through payroll deduction, which can be a nice convenience. However, make sure to compare group and individual rates, as depending on your age and health status, group insurance may or may not provide a savings. In comparing group to individual life insurance, remember that if you have over $50,000 of group life insurance, IRS tables determine how much it costs to provide the amount over $50,000 and charges you taxable income for that cost.
Take care of yourself. Find out into which rate class you’ll be grouped and, if necessary, consider making some lifestyle changes—don’t smoke, maintain a healthy weight and exercise regularly—to qualify for a more favorable rate class.

When you’re ready to buy

Shop around to get a good rate. Life insurance is a very competitive business, and you’ll find differences of hundreds of dollars (for annual premiums) even among financially strong companies for essentially the same policy.

Consider the net cost index. How can you compare two policies, one with premiums that start lower than the other but later are higher than the other? Or one with low premiums and a low cash value, the other with higher premiums and a higher cash value? Use a net cost index—a standard method for collapsing these variables into one number. The lower the number, the better, but ignore small differences (since the indexes are approximations based on assumptions, small differences might not signal true differences in values). The agent or broker with whom you’re dealing, or the company from which you’re considering buying a policy, will provide these index numbers.
Be aware of premium discounts for particular amounts of insurance. Most companies offer rate discounts for specified insurance amounts. For example, you might actually pay a smaller premium for $250,000 of life insurance than for $200,000, or for $500,000 of life insurance than for $450,000, because a discount “kicks in” at the higher insurance amount.
Beware of “fractional premiums”. Typically, you can pay your life insurance premium once a year, once every half-year, once a quarter, or once a month. Although paying quarterly or monthly might seem to be easier to fit into your budget, some companies levy high charges for paying premiums frequently. Others levy quite small charges to do this. If a company levies high charges for paying more frequently, try budgeting so that you can pay your premium only once or twice a year.
If you’re buying a term policy, look for renewal guarantees. A renewal guarantee gives you the right to start a new term after the current one ends, paying a higher premium based on your current age, but without requiring you to undergo a new health exam or submit any other “evidence of insurability.” Without the guarantee, you’d have to shop for life insurance all over again, and if your health has deteriorated, you might have to pay much more or not get it at all.

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Mexico City goes yellow on coronavirus risk map

Mexico City goes to medium-risk yellow on the coronavirus stoplight system on Monday, bringing 12 weeks of high-risk orange light restrictions to an end. For the first time since the federal government’s coronavirus stoplight system was introduced last June, Mexico City will switch to medium-risk yellow as case numbers and hospitalizations continue to fall. City official Eduardo Clark announced Friday that the risk level will be lowered on Monday, bringing 12 consecutive weeks of high-risk orange light restrictions to an end. Prior to February 15, when the capital switched to orange, red-light maximum-risk restrictions had been in place for eight weeks. For the first time since the beginning of the pandemic, Mexico City has seen sustained improvements in the different indicators used to determine the stoplight color, said Clark, who is the director of the government’s Digital Agency for Public Innovation. He said that 16.5% of hospital beds set aside for coronavirus patients are currently occupied, the lowest level in over a year. There are 1,404 Covid-19 patients in hospitals in Mexico City, 277 fewer than last Friday. Estimated active coronavirus cases in the capital have also declined from more than 8,000 a week ago to 6,419. However, even with the decline, Mexico City — the country’s coronavirus epicenter since the beginning of the pandemic — still has far more active cases than the other 31 states, according to Health Ministry estimates. The only other states with more than 1,000 estimated active cases are México state and Tabasco with 1,558 and 1,085, respectively. Nevertheless, restrictions will be eased in Mexico City due to the downgrade in the official risk level. Stores and movie theaters will be permitted to increase their capacity to 40% of normal levels starting Monday, and restricted opening hours will no longer apply to banks. Hotels will be able to host events with attendance of up to 50% of normal levels, and restaurants will be allowed to add extra tables in outdoor dining areas. Starting next Wednesday, open-air sporting events will be permitted, while indoor venues such as theaters will be allowed to open at up to 30% capacity from May 17. Children’s parties at party halls with up to 50 guests will be allowed starting May 27 as long as the risk level in Mexico City doesn’t increase, and public expos will be permitted as of the same date with attendance capped at 30% of normal levels. The shift to yellow will bring Mexico City in line with the majority of Mexico’s states. On the map currently in force, 20 states are yellow, six are orange and six are low-risk green. The federal Health Ministry will present an updated map at Friday night’s coronavirus press briefing. The national coronavirus situation has also improved considerably in recent weeks: the number of new cases reported in April was 30% lower than March while Covid-19 deaths were down 22%. Mexico’s accumulated case tally rose to almost 2.36 million on Thursday with 2,846 new cases reported. The official Covid-19 death toll increased by 166 to 218,173. However, a new analysis by the Institute for Health Metrics and Evaluation at the University of Washington School of Medicine puts Mexico’s real death toll at over 600,000. Meanwhile, Mexico’s national Covid-19 vaccination program continues to make progress in inoculating the adult population, with the first doses given to people aged 50–59 this week. A total of about 20.5 million doses had been administered by Thursday night, including more than 1 million in Mexico City. Most of the doses have gone to people aged 60 and over and frontline health workers. Mexico had received 26.6 million doses of five different vaccines, meaning that about three-quarters of those delivered had been used by late Thursday. Source: MexicoNewsDaily.com
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Polish passport – The first requirements to be met

Since 2004 Poland has been a member of the European Union. The Polish passport gives its owner access to good medicine, quality education, and the social security of a European Union. The process of Polish citizenship application may take less or more depending on the complexity of the case. At the time you lodge a motion, there is nothing left to do but wait for any communication from the Polish Government and a final decision. As a fully-fledged citizen of the Republic of Poland, you gain rights associated with it. You not only become a Polish citizen but also a citizen of the European Union. That’s why we would like to focus on the issue of the Polish passport. Who can apply for a Polish passport, and what formalities an individual has to meet? Polish passport application – what documents do you need? According to Polish law, a fully-fledged citizen of the Republic of Poland may be granted a Polish passport. Legal regulations strictly determine where the official motion should be lodged and what documents are required to apply for it. In this regard, we would also like to show you the easiest way to finally get a Polish passport, and what’s next, enjoy all those benefits coming along with it. To get such a document as a foreigner, you need to have your Polish citizenship confirmed first. How to do it? You must prove your origin or strong connections with Polish nationality and Poland as a country. Polish citizenship through ancestry and the Grant of Polish citizenship are the common ways of becoming a citizen of the Republic of Poland. As the citizenship process successfully comes to an end, you should apply for a Polish passport and find out what kind of privileges it gives the passport application should be lodged at the nearest Polish Consulate General or Embassy of Poland with a consular section or in case you live in Poland, at the nearest Voivodeship Office. Here is the list of the required documentation: Polish citizenship certificate, Polish birth certificate, Polish marriage certificate (only if applies to you), PESEL application form or PESEL number if already issued, Passport photo, Polish passport application. What’s important, the official application has to be filled in the Polish language. Since the Polish passports are biometric you also must appear in person to leave your fingerprints. There is nothing to worry about! The Polish passport application is just a formality. If you need help with assessing your case or you are still not sure about your eligibility for citizenship, check the Five To Europe website and find help from the Experts! They will provide you with the necessary support during the whole process. How long does the Polish passport application take? An individual who decides to apply for a passport should also know that paying a fee is crucial to be granted a valid document. You can pay directly at the institution in which you book your appointment or make a bank transfer payment in advance. For those who choose the second option, do not forget to bring the confirmation printed from your bank account. These few requirements are important when it comes to the process of Polish passport application. If you do not meet them, the whole process will get delayed. We think you need no more stress! The next issue worth mentioning is the duration of the process. How long does it usually take to get a Polish passport? If you lodge your passport application via Polish Consulate, it may take around 2-3 months to get it. It will be much faster if you apply for it in Poland at the Voivodeship Office. In some cases (only emergency ones), it is possible to obtain it in a few days. Your new Polish passport is valid for 10 years. It is fantastic, isn’t it? The benefits of a Polish passport Being able to hold dual citizenship seems to be very beneficial. The question is – How strong is a Polish passport? Does it change anything in a citizen’s life? For sure! A Polish passport can be used as an international document or as proof of your citizenship. With such a document, you gain the right to travel, work or live freely wherever you would like to. You can also study at many public universities within Europe or skip the border controls at the airport. To have dual citizenship and two passports you must fulfill several conditions. Believe us, it is worth it!
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United Front – 5 Remarkable Ways Humanity Has Stepped Up To Work Around The Pandemic

COVID-19 has changed the way we look at many things. Lockdown and social gathering rules have taught us that when the going gets rough, we have to rough it out too. Indeed, society has done and continues to do a phenomenal job. Yes, it was stressful dealing with all the changes initially, but it taught us to understand that nothing is ever stable, and change is the only constant. Prior to the pandemic, working from home seemed impossible; now, most of us have become accustomed to doing so on a permanent basis. Here are five wonderful ways in which humans around the world have stepped up and embraced the changes brought on by the pandemic with grace: COVID-Safe Workspaces Just because people can’t go to the office, doesn’t mean they have to stop working entirely. The idea is to keep employees productive yet safe, which is why many companies have adopted COVID-safe virtual office solutions. Most of these businesses have had to maintain a healthy balance between letting their employees work from home while utilizing virtual offices to handle all of their administrative requirements. The result? Productivity levels have seen a considerable increase, with statistics showing that 51% of Americans are more proficient when from home. The Rise In Freelance And Part-Time Jobs A lot of large corporations retrenched staff and let dedicated workers go at the beginning of the pandemic. This led to growing uncertainty and concerns about where people would find work and how they’d secure their future. By cutting down on full-time staff, companies were able to employ staff to fill casual, part-time, and freelance roles. While these jobs seem relatively unstable, it looks like many of the freelance and part-time jobs will remain well in the future. If you haven’t started looking for a freelance or part-time job that you can do on the side, now is your time to get started. As these side hustles and online jobs start becoming more and more popular, almost everyone will want to adopt the freelance lifestyle. With this in mind, it’s best to get ahead of the curve and secure your flexible income streams now. Online Learning Who would have thought that so many people are capable of studying on their own? With universities having to move online and work-related training and workshops operating on the internet, it appears that online learning isn’t as difficult to remain engaged with as people once thought. In fact, e-learning is working so well that this may be yet another trend that is here to stay. Clipped Wings When the world locked itself up, travel in most countries was banned. However, we soon learned that people from different countries could still see each other through virtual platforms. Companies decided that meetings held via Zoom, WebEx, and Microsoft Teams were just as effective as face-to-face interactions. One can only wonder how many business trips will be deemed unnecessary during the years that flow out post-pandemic. Comfort Is Key Thanks to Covid-19, we have come to appreciate the importance of comfort in the workplace, especially when that workplace is your home. You can now work in slippers and sweatpants all day and no one will say anything about it. This is definitely one of the simplest yet most ways humanity has stepped up to work around the pandemic! All in all, it seems people have recognized that the formality of office culture was largely unnecessary. We’re stepping into a new era of comfort, flexibility, and a focus on employee health.
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How Much Can You Afford to Spend on a Home

Buying a house may be the biggest purchase of your life, so you want to make sure you do it correctly. You want to make sure you calculate how much you can afford. You can start by using a mortgage estimator to get a headstart before you hire a mortgage broker to help you through the steps. Coming up with a home budget isn’t that time-consuming and can be easy if you take the right steps. You first need to figure out how much you and your partner, if you have a co-buyer, earn each month. This includes all your revenue streams. Once you figure out those numbers, you should write out all your housing costs and the amount you want as your down payment. This includes your annual property tax, homeowner’s insurance costs and your estimated mortgage interest rate and loan terms or how long you want to take to pay off your mortgage. A popular choice is 30 years because you are buying your forever home, but some people do find shorter loans. If you add up all these expenses you will find out how much money you will be spending on a monthly basis. Use your mortgage calculator to make sure you are accurate about your spending and this will help you with what you can reasonably afford. You want to make sure that you aren’t maxing out your income to buy your dream house. That is the road to financial disaster. You need to have money left over for unexpected expenses and emergencies as well as having savings for retirement. There is a 28/36 percent rule that is tried-and-true among financial advisers. This means that you shouldn’t spend over 28 percent of your gross monthly income on housing expenses and no more than 36 percent on your total debt. You don’t want to get stuck into a 30-year home loan that is too expensive for your budget. You also want to get a mortgage with a low interest rate in order to afford your home. This also means working on your credit score because lenders tend to give lower rates to people with higher credit scores, lowest debt and the best or most substantial down payments. If you start working on credit score, that could mean paying down your debt. You should work on your debt-to-income ratio because the higher it is, the harder it will be to receive a mortgage, or at least a mortgage with a good interest rate. A lot of lenders won’t even consider giving someone a mortgage with a debt to income above 43 percent. If you are in a better position to manage your monthly costs because you paid off as much of your debt as possible. Then you are paying only your mortgage, giving you more room to save and more room to feel comfortable if a home emergency, like a new water heater, arises. You should have also considered how much you were able to put down as a down payment. The more you are able to put down the less money you are seen to be risking. All of these factors above should be considered on how much money you should be willing to spend on a house and if you are ready and able to spend the money you want to get your dream home.
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TutuBox – Your Favourite App Store for iPhones

What is Tutubox? TutuBox is the latest third-party app store, a replacement app store for iOS and Android that grants permission for you to download tweaked applications, jailbreak tools, emulators, hacked games with no revoking, and jailbreaking. This application allows users to access thousands of applications and games with no downloading fee. You can run it on all versions of iOS, whether it is iOS 13 or the latest iOS 14. How can I Install TutuBox App Store on iOS? Step 1: Go to the settings on your iOS device and open the Wi-Fi settings menu. Tap on the button, scroll down and click the Automatic option under the configuration Proxy menu. Copy and paste the following URL. http://ffapple.com. Then save it. After the proxy setting is complete, disable and enable it to the same Wi-Fi network. Don’t forget; this is an important step to take TutuBox on iOS. Step 3: Use the Safari browser’s settings to clear your Safari history cache. Step 4: Now open the Safari browser and go to the TutuBox Website. Tap on the install button to download the application to your iOS device. If TutuBox redirects to another page, you must select the install button to begin the installation procedure. Note: The cause of this error is a certificate issue. Some certificates are valid for some devices, and some certifications are invalid on some devices. Therefore, you can try all the available options and stop trying when you get a suitable option. When you see the pop-up installation window on your device, you know which one works. Then click on the button to install it. Step 5: After installing the process, open Settings, and mark the option, trust the app. Settings > General > Profile > Device Management and then go to the TutuBox on the iOS device. Note – If the application does not work on your device, wait a day or two for the TutuBox app to load from the server. Pros & Cons compared to another tweaked app. Pros: It is Free Safe to use Massive collection of exclusive apps and tweaks Compatible with all iOS devices No need for jailbreaking Regular updates User-friendly interface less revokes Cons: Complex installing procedure F.A.Q The TutuBox App Store for iOS contains different apps and hack games. Here, you will find tweaked applications such as septal +, Twitter++, Instagram++, Pandora++, YouTubeMusic++.On the other hand, It includes the best emulators, such as Happy Chick, PPSSPP, Hacking games such as Shadow Fight 3, GTA, Provenance, Delta, Minecraft, GBA4iOS or iNDS and, Last Day on Earth, Real Racing 3 iSpoofer, Sniper 3D. There are many Tutubox alternatives. You can find more through androidbuzz.org.
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How to save money on life insurance

Buying the wrong benefits for a low premium does not add up to savings

Before you buy

When you’re ready to buy

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