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Few personal milestones compel someone to buy life insurance coverage like becoming a parent. In the event of an untimely death, life insurance can serve as a financial safety net to ensure there's money available to pay for everything from medical bills to a home mortgage and future college education costs. Many Americans have taken steps to line up such a financial cushion. At the end of 2012, 146.2 million individual life insurance policies were in effect, with coverage totaling $11.2 trillion, according to the American Council of Life Insurers. Yet the distribution model has changed during the past few decades, and fewer Americans are relying on local financial advisers in their community to look at their overall financial situation and recommend a life insurance strategy, said Brian Bulakites, national sales manager for life insurance for Henrico County-based insurance company Genworth Financial Inc. The Internet has enabled consumers to shop more widely for insurance, but it might also cost them the face-to-face advice that can be helpful, he said. "The biggest thing we see in our industry today is that people don't have advisers," he said. "You want to find an adviser that you can build a relationship with - somebody that you can trust."

Save money and get the right insurance coverage for your business with these tips. * Premiums for fire, casualty and burglary insurance on business property are all deductible for tax purposes as trade or business expenses. If a business taxpayer has a self-insurance plan, however, all payments into the self-insurance reserve will not be tax-deductible for purposes; the actual losses incurred by the taxpayer would be the deductions. * Premiums for life-insurance are tax-deductible. But premiums paid on a policy covering the life of an officer, employee or other key person are not deductible if the business is a direct or indirect beneficiary under the policy. Premiums paid on a life insurance policy of which the business is a beneficiary are not deductible, since life-insurance proceeds would not have to be included in taxable income when received by the company. Other Tips * Before speaking with an insurance representative, write down a clear statement of your expectations. * Do not withhold any important information from your insurance representative about your business and its exposure to loss. Treat the individual as a professional helper. * Get at least three competitive bids using brokers, direct agents and independent agents. Note the interest that the representative takes in loss prevention and suggestions for specialty coverage. * Avoid duplication and overlap in policies; you will be paying for insurance you do not need. * Ask your insurance firm if it's an "admitted insurance company." If so, it should have a solvency fund should a catastrophe put the insurance company in danger of going under. An unadmitted carrier has no such solvency fund. * The small businessperson should not consider any form of self-insurance. The pool of funds necessary to safely insure losses is extraordinarily large

Cash Loans are the most effective substitution of all of your emergency desires which is arises suddenly anyone's life. This finance is helpful to face all of your economic issues within short time of period. Lender provides the loan amount applicant's bank account directly within short time of application.

Stay Focused on Home Purchases THUNDER BAY - MONEY - The housing market is hot, in part to low interest rates and home prices that were low for many years. Given that the purchase of a home is typically the largest purchase one will make in their life, jumping into the market and competing against other aggressive bids can be intimidating. The last thing anyone would want when buying a home or property is to have regrets afterwards, especially for those first time home buyers. Here are some tips to consider for first time home buyers. Make sure to get Pre-Approved It would seem like it's a given, but many first time home buyers will assume they'll know how much they can spend on their home based on online mortgage calculators. It's important to setup a meeting with your bank or mortgage specialist, since they can provide information to you on what price range you should be looking in, and specifics to consider like property taxes, and other monthly expenses you'll want to factor in. Consider Renting for the Short-Term Despite all the good that comes in owning a house, such as building home equity, it's important to ask yourself how long you plan on staying in that house. If your long term plan is still not known because of your job, or personal situation, it may be better to rent in the short term. Buyers need to realize all of the expenses renters don't need to worry about like property taxes, and home owners insurance. This also isn't considering any unforeseen maintenance costs that could arise. Skipping the Home Inspection Many new home buyers may try to cut costs and skip out on a home inspection.

On May 28 of this year, Philadelphia District Attorney R. Seth Williams charged a South Philadelphia auto body shop owner named Ronald Galati, Sr. and a group of 40 co-conspirators in a nearly $5 million insurance fraud scheme. These charges were the result of a 16-month Grand Jury investigation of American Collision and Auto Center at 1930 S. 20th St. According to prosecutors, Galati would stage single-vehicle accidents because insurance companies consider them "no-fault" and routinely pay the claims without raising the car owners' premiums. According to Grand Jury witnesses, Galati would say, "I live my life to cheat insurance companies." Among those arrested were a former Philadelphia police officer, Douglas DiEmidio, and a mechanic with the city's Office of Fleet Management, Robert Otterson.