There has been an on-going battle in the life insurance industry involving term life insurance and whole life insurance. The industry has survived the battle but the consumer is still asking the same question. Which one is better? The question is flawed because these two policies serve two different purposes. The real battle comes over the concept of buying term and investing the difference or the purchase of permanent life insurance. The proponents of buy term and invest the difference surmise that the policyholder would do better investing the difference in premium costs that you save by purchasing a term policy rather than a whole policy. Permanent life insurance was never created to be an investment. It was created to take care of permanent life insurance needs. The cash value accumulation within permanent life insurance is an added benefit and not an investment feature. The best life insurance portfolio is a combination of both permanent and term life insurance.

Permanent Life Insurance ? Permanent life insurance should be purchased for permanent needs. Final expenses and life insurance for retirement are two basic permanent life insurance needs. Life insurance at retirement is critical because it gives you more options to use your retirement benefits for income rather than life insurance.

Term Life Insurance ? Term life insurance is for temporary needs. Term life insurance will compliment your permanent base of life insurance. Decreasing term and level term riders can be added to your permanent policy to take care of temporary needs like mortgage protection and short term debt.

It is important to understand why you are purchasing life insurance. You will be much more content when you establish in your own mind the reasoning behind the purchase. Do a little mini-need analysis. Think about what is important to you and who is important to you. Life insurance is a gift of love.

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Of all the people who are riding along with me on a daily basis with a hand in my pocket to divide what I earn amongst themselves, the ones I resent the most are associated with taking my money for the so-called peace of mind provided by insurance. To me, it is incredible to see how big a part insurance premiums play in all aspects of our lives, and how little actually winds up truly covering the reasons why we dupe ourselves into buying these products. The insurance game is particularly interesting in the way it has evolved to permeate so many aspects of our social infrastructure, while offering so little in return on the investment required.

No matter what sort of insurance one purchases, there are a number of intrinsic elements common to all, with some twists that deserve closer scrutiny. The primary operating principle behind buying insurance for the consumer is to pay out a premium cost that is proportionately smaller than the disastrous expense that would be incurred if a hypothetical event covered by the policy were ever to occur. Insurance companies are masters at determining enough credible, but rare circumstances to justify a fear based level of concern over the potential of a disaster to induce people to feel as if they need the kind of financial protection being offered by the insurance sales pitch.

Certain types of insurance have become mandatory for the completion of a transaction, as in the case of purchasing a home or automobile, or receiving adequate health care. Regardless of whether the policy will actually cover the reason for a loss of property, anything requiring an extended obligation or debt for ownership will also have some kind of insurance obligation associated with the completion of the transaction, adding a significant layer of hidden costs to fulfillment of the obligation. For the insurance companies themselves, the purpose for doing business is profit. These companies are not simply brokering funds to those to need it from those who currently do not. Contrary to the perceived purpose for creating an insurance vehicle, the actual practice is to build a hugely profitable business based on plausible fears, while avoiding actual payouts of real benefits as much as possible. In short, the insurance company is in business to enrich the lives of its agents and the company as a whole, by appearing to provide protection to its policy holders.

To help protect the funds collected from policy holders, insurance companies have instituted a host of mechanisms to minimize their own risks of ever having to pay the costs of doing business with policy holders. Some of these mechanisms include canceling policies in areas where risk of pay out has proven more severe, raising premiums or canceling polices of those who actually file claims, finding legal loopholes to deny claims, including high co-pays and deductibles for some of the more frequent claim events, and appealing for government assistance in times when larger scale disasters actually cause the need to pay out large scale benefits to policy holders. There are also many areas where an insurance company simply does not cover problems that actually occur on a frequent basis.

As the Baby Boomer generation moves through its life cycle, one of the more acute disconnects between actual coverage and real needs can be seen with the health care industry. As the health care industry charges exorbitant rates that continue to escalate in an effort to maintain profitability for services actually provided to the growing number of patients moving through the system, insurance companies continue to raise premium costs to maintain their secondary level of profits for covering the costs they are being forced to pay out on the rising number of policy holders who are attempting to utilize their insurance benefits.

For the first time in our history, we are seeing a serious consumer burden being generated by the institutional load of a double profit based system of benefit coverage. True reform of our current profit based health care and prescription medicine systems does not lie in turning the administration of health care needs over to lumbering government institutions for adequate management. A more realistic plan of reform would be to examine ways to eliminate the cost burden of profit based insurance premiums, and channel consumer payment of costs directly into health care institutions providing actual patient care services. Instead of funneling available consumer dollars from consumer to profit based insurance, then on to profit based health care systems, it would make more sense to channel consumer funds directly from consumers to health care systems, without the insurance middle men to add increased costs to the already difficult consumer burdens associated with health care needs.

If established health care systems could tap into the steady flow if income currently being absorbed by insurance underwriters, these institutions would be able to meet their current needs more readily, and have room to plan more efficiently for future growth within the industry. By receiving funds from people who want the assurance of care at some point in the future, and channeling the profits toward those who currently need health care while continuing to contribute to their own needs, a significant reduction in current costs could be realized. Millions of Americans are finding they can no longer afford the burden of supporting the double profit system of health care offered by our country as the solution to our individual needs. It is time to restructure and refocus the health care system to reward the efforts of care givers, without lining the pockets of those who have come to stand between us and those who are capable of providing the care we need.

Director of Software Concepts BHO Technologists – LittleTek Center Teaching computers to work with people. We make software more fun for everyone. Stop by for a visit to our web site, and see what a difference ITL technology makes!

Are you trying to find the health insurance plan that is right for you but are just not sure what questions to ask to get the answers you need?

Focusing on the seven topics below might help you get a clearer picture of what to look for. What choices do I have when it comes to picking a doctor?

First of all, if you’ve already found the doctor of your dreams, make sure that the plan you choose will cover your visits (that he or she is part of the plan’s network of doctors). If you chose a new doctor consider researching his or her credentials and make sure that he or she is compatible with your needs as far as office hours, office location and general availability go.

Will I be able to be cared for by certain specialists?

If you currently use a specialist or think you might need one in the future, find out if those services are covered by the plan you are choosing and, if you are with a specialist already, if he or she is an in-network physician that will be covered.

Will my pre-existing condition be covered?

This is a very important question to consider as depending on the plan, pre-existing conditions might be excluded from coverage, may only be covered after a certain amount of time of being insured or might be fully covered right from the beginning.

Which hospitals can I go to and what emergency care am I entitled to?

Find out which hospitals your insurance plan covers and make sure you understand what, in the eyes of your insurance provider, constitutes an emergency. If your plan provides you with a primary care physician, it is also good to know if you have to contact him or her before receiving emergency care.

Will well-patient care be included in my plan?

If you are insured under a managed care plan, chances are good yearly checkups are covered, but some independent insurance plans might not pay for them at all. If you want to include children in your plan, finding out whether their checkups and immunizations are covered is important also.

Will prescription drugs I need be covered?

Some plans do not cover prescription drugs at all, some cover them completely, yet others require you to make co-payments depending on the type of drug. Find out if your plan covers what suits your needs.

What OB/GYN services are covered?

The most important points to consider here, apart from what is mentioned about picking a doctor (see above), is the kind of coverage your plan offers concerning pregnancy and fertility treatments should you consider either of those in the future.

Jackie Smith, Executive Writer http://www.quotella.com

RV insurance is one of those things in life that you are glad to have and hope you never have to actually use. Almost all states require that you have some form of insurance for your motorhome or RV and it just makes good sense anyway. So if you are going to be buying RV insurance soon, here are a few tips to consider as you do:

* If you don’t plan on living in your motorhome, and you only use it for short, small trips, you may actually want to consult your current homeowners policy and see if it is covered there. You then may want to call your insurance agent and ask if there is a rider that can be purchased to include your RV on your homeowner’s policy if it is not already covered. If so, what are the coverages and for how much? Make sure you get a complete picture of exactly what is covered and what the limitations of the coverage are before proceeding. Often you can save money by adding your RV onto to your homeowners policy, but be sure that you get proper coverage if you do.

* For those that spend a good deal of time in their motorhome, or maybe even live and full-time in it, getting an insurance policy from an insurer that specializes in RV insurance would be a wise move. Most auto insurance companies don’t really understand RVers needs all that much and so you can easily wind up with a policy that has clauses and requirements that make no sense at all for a person who lives in their RV. The coverage limits themselves can be very inadequate too, so don’t just go to your auto insurance company and accept what they provide. At least shop around and get some quotes from RV insurance specialists too.

* If you do live in your motorhome, say so clearly when getting the insurance quote. Some people think that telling the insurance company that you only use the RV for short trips occasionally will save them money if they live in it instead, and perhaps it will. But if you actually do have to file a claim at any point, the insurer may simply deny the claim if the coverage is written for occasional use and you are actually living in the RV. So state what your exact usage will be and you should be fine.

* Avoid any insurance companies that are relatively new, and so haven’t had enough time to build up a track record of customer service. The insurance field has had some less than honest people set up a company, sell policies and then either just deny most claims or disappear altogether. That’s why most states have an insurance commissioner to prevent this kind of activity as much as possible. So before you buy a policy, check to see how long the company has been in business and perhaps even check with the insurance commissioner in that state to be sure that the company is in good standing with them before you decide to buy. Using insurance companies endorsed by major RVing groups like The Good Sam Club is usually a wise move for peace of mind as well.

Getting adequate RV and motorhome insurance is much easier today than it has ever been in the past, and there are more choices than ever too, in large part thanks to the internet. So if you are looking for RV insurance, shop carefully and if you use the suggestions given above it will most likely help you make a wise and successful choice.

Jim Johnson writes on many consumer related topics including motorhomes. You can find out more about motorhome insurance and rv insurance by visiting our Motorhomes Review website.

Whole life insurance is one of the most commonly utilized forms of insurance. Often referred to as permanent or straight life insurance, it is a form of life insurance that can be maintained through one’s entire life. Whole life insurance policies are popular due to their ability to provide financial protection for beneficiaries while simultaneously generating a cash value that may be of use to the insured.

In many whole life insurance policies, one can choose to pay a regular premium that remains unchanged throughout the life of the policy. The total cost of the policy is basically averaged over the life of the insured. Usually, whole life policies are designed so that the benefit amount of the policy will be equal to the sum of all premiums paid by the insured through the age of one hundred years. If the insured should reach the age of the policy’s full maturity, the face value of the policy would then be paid directly to the insured.

Whole life insurance policies generate what is termed a cash value. Basically, this sum grows as one pays premiums. The cash value of a whole life policy is allowed to increase over time with the taxes on its value deferred. If one opts to cancel their whole life policy, they will receive a payment of the accumulated cash value of the policy. One may be required to pay some taxes on the lump sum payment in particular circumstances.

The cash value of whole life policies makes them very attractive to many consumers. Unlike term life policies, for instance, whole life insurance not only provides a death benefit but also accumulates useable cash reserves.

Those with whole life policies do not intend to pay insurance premiums until they reach the age of one hundred. After all, even the most optimistic among us realize we are unlikely to reach that milestone. Instead, whole life insurance is used as a means of protection of future income while one is working and is then later often used to provide cash resources during retirement.

The cash value of whole life insurance policies can also be tapped prior to retirement should an emergency need arise. The insured is able to take out the equivalent of a loan against the life insurance policy and is then afforded the opportunity to pay that loan back in order to restore the policy’s full value.

Whole life insurance policies really accomplish two different things. First, they do provide the insured with a way to protect loved ones from financial loss should the insured die. Benefits are paid to the beneficiaries based on the stated benefit level of the whole life insurance policy.

Simultaneously, one is able to create a source of cash reserves by paying regular premiums-with all taxes deferred until dispersal. The policy can eventually become a means of supplementing retirement income or as a mechanism to handle an emergency financial problem during the life of the policy. The protection and flexibility provided by whole life insurance policies makes them very attractive to many consumers and a key element of their long-range financial planning.

Evan C. Davis works in Medicare customer service and is the webmaster and owner of Easy Insurance Finder. Find out about whole life insurance and whole life insurance quotes online at http://www.easy-insurance-finder.com.