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Simple Keys To Buying Life Insurance

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All policies fall into one of two camps. There are term policies, or pure insurance coverage. And there are the many variants of whole life, which combine an investment product with pure term insurance and build cash value.

Insurance is sold, not bought. Agents sell the vast majority of life policies written in the U.S. because the life insurance industry has a vested interest in pushing high-commission (and high-profit) whole-life policies.

Whole life is expensive. Policies with an investment component cost many times more than term policies. As a result, many people who buy whole life often can't afford an adequate face value, leaving themselves underinsured.

 Whole-life policies are built on assumptions. The returns quoted by the agent are simply guesses - not reality. And some companies keep these guesses of future returns on the high side to attract more buyers.

Keep your investing and insurance strictly separate.

There are better places to invest - and without the high commissions of whole-life policies. Buy enough term coverage to fill your needs. Life insurance is no place to skimp, especially with rates at historic lows.

Match the term of the policy to your needs. You want the policy to last as long as it takes for your dependents to leave the nest - or for your retirement income to kick in.

Buy when you're healthy. Older people and those not in the best of health pay steeply higher rates for life insurance - so buy as early as you can, but don't buy until you have dependents.

Tell the truth. There's no sense in shading the facts on your application to get a lower rate. Be assured that if a large claim is made, the insurance company will investigate before paying.



Posted On 5/12/2010 11:54:03 AM



What To Do When Water Floods Your Home!

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When Water Floods Your Home: What to Do and Not Do

Are you ready in case your home is one of the more than 2% of homes that will have an insurance claim for water damage this year? Many more will have smaller problems that might not exceed insurance deductible levels if handled appropriately. Bottoms fall out of water heaters; sewer pipes back up; feed lines for toilets, ice makers, washing machines or dish washers break; pipes freeze and break... stuff happens and water escapes and becomes destructive.

When water is loose in your home, time is not on your side. The longer water has, the further it will spread. Within minutes wood furniture stains begin transferring to flooring, particle board starts to sponge up the water and swell, paper items begin to dissolve, drywall starts wicking the water and losing structural integrity.

Here are some tips about how to stay safe and limit water damage:

Before Water Damage Happens:

·         Know how to turn the water off. Where is the valve? Does everyone living there know where and how? Are there special tools required? Put needed tools in a place everyone knows and can find quickly. Every minute of delay can mean many gallons of water flooding your home.

What NOT To Do:

·         Don’t operate electric appliances. Don’t use TV’s, computers, lamps, and ceiling fans, etc. while standing on wet flooring.  Also, don’t plug or unplug any electrical appliances in wet areas.

·         Don’t use a vacuum cleaner. Regular household vacuum cleaners can be destroyed trying to remove water.

What To Do:

·         Turn the water off. It is important to stop the water quickly.

·         Call emergency responders. Call a water damage specialist like PuroClean Property Rescue, immediately. Call your plumber for repairs.

·         Use caution. Watch your step - water can cause floors to be slippery. Watch for dangers like collapsing ceilings.

·         Remove water when possible. Mop up as much excess water as you can to limit its spread.

·         Protect valuables. Remove paintings and other artwork to a safe, dry place.

·         Protect furniture. If possible, place aluminum foil or plastic wrap under furniture legs on wet carpeting.

·         Remove items from floors. Pick up any books, magazines, papers, or other items that may be on a wet carpet or floor. Remove area rugs and put them where they can drip without causing further damage. Notice what might be getting wet on closet floors and move to dry areas. Check the floors on the other side of walls where you know floors are wet.

If you are the victim of water damage, don’t ignore it and hope it goes away. Most things will eventually dry out on their own, but a lot of unnecessary damage can happen in the meantime. Water and time are two essential ingredients for mold to grow. It is unwise to try to dry things out by yourself. Water tends to get into more nooks and crannies than most people realize. Professionals from a company like PuroClean Property Rescue know how to limit water damage.

Look for other helpful tip sheets in this series: “When Fire or Smoke Damages Your Home” and “When Mold Invades Your Home” provided by Doug Williams, Owner and President of PuroClean Property Rescue / 500 E Arapaho Rd Suite 206 / Richardson, Texas. PuroClean professionals are “The Paramedics of Property Damage.” For Water/Fire/Mold/Biohazard emergency services 24/7 call (972) 232-1200. For more information, see www.PuroCPR.com.



Posted On 5/6/2010 11:20:18 AM



Solving the health care dilemna!

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Now more than ever, we must begin to take responsibility for our own well being. Contrary to the message being proclaimed, health insurance is not an entitlement. One of the ways to begin taking personal control of your situation is by purchasing an HSA health plan, That combined with your own HSA savings account at your local financial institution will allow each of us to demonstrate our committment to indiviual responsibilty and decrease our dependence on others to provide for us. Numbers 6:24-26

If you'd like more information on the HSA, visit our website at

http://www.insurewithdfw.com/category.aspx?id=HEALTH

James Baker
DFW Insurance Services



Posted On 3/27/2010 8:59:58 AM



How much insurance is enough?

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This is a question that everyone should make an informed decision on. Recently one of our insured called to report an accident. They were the party at fault and had three other people in their car. Two of the other occupants were sent to the hospital. Their auto policy has state minimum limits of liability which are 25/50/25. These limits pay up to $25,000 per person for medical bills with no more than $50,000 per accident. Two of the occupants were transported to the hospital and that didn't even begin discussing any possible injuries to people in the other vehicle. In this situation, our insured had chosen to buy lower limits as a cost savings move thinking something major was unlikely to occur. Higher limits of protection are available at affordable rates considering the valuable protection they provide.

If you would like for us to offer a free evaluation of your current policy, call our office and we'll be glad to assist you.

Safe driving to everyone!

James Baker
DFW Insurance Services



Posted On 3/15/2010 2:45:45 PM



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