Do you need money? Do you need to pay for your medical bills? Do you need money for tuition? Maybe you are getting married soon. Do you want to bring your family in a long-delayed vacation? Or maybe it is about time you replaced that old, run-down car you have? Regardless of where you intend to spend your money, the fact is you need it. You can wait to win the lottery, but there is no certainty to that. You have a monthly income coming in consistently, but you just cannot wait that long to have enough for that large amount you need. You need the money, and you need it at this very moment.

What you can do is sell your periodic payments and convert them into a one-time lump sum. There are financial companies who offer this option. They would offer to purchase the rights to receive the structured payment every month. In return, you receive a one-time payment for a percentage of the amount you would actually receive. You can choose to sell the periodic payment as a whole or only for a limited amount of time.

As mentioned before, the reason why you would want to get a lump sum amount is because you need the money immediately. By getting the lump sum, even at a lower value than its total amount, you can use the money to invest it this year and yield larger amounts with interest next year. You can also consider inflation rates. In the next few years, the amount that you are receiving will not actually be as valuable as it is now. Getting the money now can actually give you more purchasing power even with the same amount a few years from now. Be sure to consult with experts first before you do anything.

When the amount of a claim against you exceeds the coverage provided by your home or auto insurance policy, you are saddled with the prospect of settling this excess liability on your own. Your insurance company will not cushion you against this contingency. However, there is a way out. To overcome this eventuality, you can obtain an excess liability policy, or an umbrella policy.

This policy will give you the required cushion against any claim exceeding the amount covered by your normal insurance policy. For example, suppose your auto insurance policy covers claims of accidental pedestrian injury up to an amount of $20000. If an accident does occur, and a claim of $50000 dollars is adjudicated against you, the insurance company will only pay the $20000 agreed upon, and you will have to pay the balance $30000 out of you personal funds. If you do not have the cash or any other liquid asset, then your home, or some other fixed assets could be at stake. You may even be reduced to a state of bankruptcy. This is where an umbrella policy can help you. An umbrella policy will take care of the excess amount of $30000 dollars that you would have had to pay from you own funds.

The umbrella policy expands the coverage offered by your home or auto policy. You can purchase this policy for coverage of up to five million dollars. Moreover, the premium is very low and you may have to pay just $300 to $400 a year for this coverage.

When the amount of a claim against you exceeds the coverage provided by your home or auto insurance policy, you are saddled with the prospect of settling this excess liability on your own. Your insurance company will not cushion you against this contingency. However, there is a way out. To overcome this eventuality, you can take an excess liability policy, or an umbrella policy.

This policy will give you the required cushion against any claim exceeding the amount covered by your normal insurance policy. For example, suppose your auto insurance policy covers claims of accidental pedestrian injury up to an amount of $20000. If an accident does occur, and a claim of $50000 dollars is adjudicated against you, the insurance company will only pay the $20000 agreed upon, and you will have to pay the balance $30000 out of you personal funds. If you do not have the cash or any other liquid asset, then your home, or some other fixed assets could be at stake. You may even be reduced to a state of bankruptcy. This is where an umbrella policy can help you. An umbrella policy will take care of the excess amount of $30000 dollars that you would have had to pay from you own funds.

Further, many companies will not offer you the umbrella policy unless you have your home or auto insured with them. They may also require you to maintain a certain level of liability on your home or auto insurance.

The umbrella policy does not only cover your cars and homes, but also offers personal injury protection which may include false arrest, false imprisonment, malicious prosecution, defamation, invasion of privacy, wrongful entry or eviction. The terms may vary according to each company, and from one state to another.

The umbrella policy is an excellent way to protect yourself against expenses for claims exceeding the coverage provided by your regular insurance policy. It can be bought for a very low annual premium, and proves very helpful in protecting your personal assets from lawsuits and legal action.

All insurance contracts are governed by the concept of ‘offer and acceptance’. This requires you to fill the proposal form and send it to the insurance company. Sometimes you are also required to attach a check for the premium amount, with the proposal form.

Your filling the proposal form and sending it to the insurance company is the ‘offer’ and when the insurance company accepts your proposal it is the ‘acceptance’ part of the concept. The amount you pay as premium is considered as the ‘consideration’ part of the contract. The concept of ‘legal capacity’ also applies to insurance contracts. It requires both the parties to be legally capable of entering a contract. Your insurance contract is based on ‘legal purpose’, which means that the contact is not meant for encouraging illegal activities. The other legal principles that govern the contracts are:

Principle of Indemnity:

This principle requires the insurer to pay an amount, not more than the actual loss suffered, in case of loss. The amount paid as claim by the insurance company should not be more than the sum assured in the insurance contract. The aim is to provide a claim amount that will help the claimant to regain the lost financial position. In some indemnity contracts, the amount payable by the insurance company is subject to the amount of actual loss. Some indemnity contracts also have a provision for the claim to be paid only if the actual loss exceeds a certain amount. For example, in an auto insurance contract of 3000 dollars, you would be eligible for the claim amount only if your actual loss exceeds 3000 dollars. In case, the actual loss amount is below 3000 dollars, you would be liable to bear all the costs.

Insurable Interest

In this insurance cover, the insurance contract covers only those properties or events specified at the time of investment. For example, if you live in your uncle’s house and apply for a homeowners’ insurance, the insurance company will reject the claim, since you are not the owner of the property and do not suffer any personal financial loss in case the house gets damaged.

Consider making life insurance an intricate part of your investment portfolio. Yes, you read the phrase correctly – investment portfolio. Just as you are planning for your children's education, your retirement, your next big trip to Vegas, having good to excellent life insurance protection is an essential part of investing in the future.

Have you ever thought about what will become of you if you take an early dirt nap? What will happen to your family, your dreams and your goals? Life insurance provides the comfort of knowing that your family will thrive without you (hey, it was bound to happen). All of your efforts to secure a brighter future for your loved ones do not have to perish with you.

First thing's first, before you start getting life insurance quotes, you need to determine the amount of coverage required to sustain your family. Got a figure tallied up in mind? Now you will need to decide how much money you can afford to pay for the life insurance. Life insurance rates and premiums vary-complete life insurance comparisons in order to determine whether to purchase permanent or term life insurance. And don't forget to complete a background investigation on each life insurance company that offers you a quote for coverage.

Life insurance for children is another major financial decision that deserves a spot in your trusty investment portfolio. Life insurance for children protects both parent (that would be you) and child in the event of a death in the family. An overwhelming number of children’s life insurance policies offer an option for converting the policy to a permanent coverage upon reaching adulthood-and that's life insurance coverage that your little tike can count on once he's big and strong.

Life insurance offers a special treat for members of the female persuasion-higher premiums. Life insurance premiums are usually less for men as a result of increased life expectancy. Men receive a higher policy benefit amount while paying a premium that is equal to, or in some cases less than, that of their feminine counterparts.

Nowadays, there is a vast increase of medical care cost. Along with this is a substantial need for health insurances. Today, it is not economical that people do not have health insurances. Though health insurances can somehow be costly, the benefit and relief it gives to people is relentless.

Parents perhaps, who have a child going to college, will make a list of possible things their child might need when studying on universities or colleges. This might include tuition fee, board and lodging fee and miscellaneous. But don’t you consider applying them for a health insurance a need?

Usually, health insurances acquired by parents through their work have coverage for their children until the age of 24 neglecting the fact whether the child lives with his/her parents or not. Nonetheless, other schools have college health insurances that are added on their tuition fees. In this way, parents don’t have to worry about buying a health insurance policy for their child.

Always bear in mind that college health insurances are not free of charge. The benefit you’ll gain from it differs depending what college are you into. The college committee heads responsible in arranging health benefits for their students meet with the insurance companies in order to derive a proposal intended only for the specific needs of their students.

Students then can go to “health centers for college” to acquire free services such as office visits and physical check-ups. Laboratory works such as x-rays, physical therapy and treatment procedures may have a corresponding cost. Additional covered services such as pelvic exams, HIV testing, cholesterol screening, infant care and child wellness care are also included on some college plans.

If you have to attend on special medical needs, you have to determine first whether your college health insurance can cover your medical expenses. This will determine if you will need a different health insurance policy or not.

Scrutinize your college health insurance. Ask these questions and if your health insurance has an answer for all of this then you are left with no worries!

• Is your college insurance policy a HMO or can you use whichever provider?

• Does your college health insurance requires an authorization letter for every emergency visits?

• What are the stages to undergo for the coverage of possible emergency incidents?

• Do emergency incidents which took over during summer vacations covered?

• Does the health insurance offer the most competent health treatment facilities?

• Which services are of free of charge?

• Which services are of low cost of charge?

• What kind of pre-existing health condition is excluded?

• Is the cost for the college health insurance makes a high percentage of the tuition fee?

As the saying goes “health is wealth”, you (as a parent) have to ensure the wellness of your child. Your child who is going to college may require him/her being away from you. Therefore, you can not monitor his/her health condition. Ensuring his/her health benefits will somehow lessen your worries of future health problems that he/she might encounter.

You, as the college student, have to make use of your health benefits. Always remember that you have already paid for it. Therefore, never neglect whatever physical illnesses you’re encountering or feeling. College health insurances are given to ensure your wellness especially now that you’re taking your step on being independent from your parents.