1stinsured
The 1stinsured site has an extensive array of help information to make an educated decision on buying just the right insurance through a trustworthy carrier. A large, alphabetically organized database of insurance terms can help you find your way in the maze crowded with insurance specific diction.
Always consult your tax advisor and attorney when considering the purchase of any insurance policy.
Life Insurance
Health Insurance
- Health Insurance
- Small Group Health Insurance
Loan and Mortgages
Estate & Retirement Planning
- Disability insurance
- Long Term Care insurance
- Survivorship Life Insurance
Annuities
Burial Insurance/Final Expense
Annuities
Annuities are a tax-sheltered vehicle for investments. These investments include mutual fund type investments as well as fixed interest products. When an investment is bought in the form of an annuity, taxes are deferred until such a time as you start taking money out. Annuities are frequently used for rollovers from 401K plans and other retirement plans.
Burial Insurance
Burial insurance, also known as final expense or simplified issue life insurance is essentially a whole life insurance product with a simple application process and small face value. Typical face values range from from $5,000 to $25,000 although policies can often be written outside of that range. This type of insurance is designed to be conveniently purchased without the requirement of a medical exam or a complex questionnaire. Applications can be completed over the phone, only a few health questions are asked and no home visit is ever required.
1stInsured
A 'Buyer’s Guide' for each insurance category will give you advice on how to pick an insurance carrier and will offer links, where you can see their ratings. This section will also help you avoid common mistakes other people made when buying new insurance or switching insurance providers.
The 'Get Info' section will give you a short definition of the insurance type you are researching and/or a brief explanation of them. This is an invaluable help to understand the nuances of similar insurance types or to learn about the variants, policy types, and coverage each form of insurance is designed to provide.