I purchased my Return of Premium Term Life insurance through HSBC. The process was smooth and the sales agent was diligent and helpful on explaining everything.
The sales agent takes care of all the paper work but you do have to help give answers to many employment, financial, health and beneficiary information.
Questions were related but not limited to:
- How much is your income?
- How much is in your savings and checking accounts?
- How much debt do you have?
- What is your employment information? (Address, employer name, etc)
- What is your social security number? Address? Date of birth? (the usual)
- Who are your beneficiaries? (Name, Relationship, Date of birth, Social Security Number)
- How much is allocated for each beneficiary?
- Do you have any chronic health conditions or disease?
- Have you been recently hospitalized?
After the initial paper work was filled out and sent over to the insurance company, I had to schedule a health inspection. This is mainly for insurances with higher death benefits, I believe if the death benefit is lower then no health inspection is required.
For the health inspection it is handled by a third party vender who will go anywhere that is convenient for you and any time or day. You can also opt out of the appointment and just go to one of their clinics to complete the inspection. For the appointment, you can schedule it to be at your home, at your work place or anywhere else. The inspector will ask you questions about your health and more detail regarding your immediate family’s health conditions. You will be required to give your height and weight which won’t be measured. What will be measured will be your blood pressure and blood. This is used to test your cholesterol and overall health and will be less detailed than what your doctor checks for during your annual blood exams. Once the third party company confirms the the status of your health and the insurance approves your application, the term agreements for the monthly premiums need to be signed and the first payment must be made. You can choose to pay the premiums monthly or yearly.
Life Insurance Basics
Life insurance is confusing and complicated, but it doesn’t have to be! Essentially there are two main types of life insurance: Term and Whole Life. What’s the difference?
Term Life Insurance:
- strictly insurance
- is only for a limited time (short term: ranges from 10-30 years)
- cheaper premium
Whole Life Insurance:
- insurance that promises profit that can be used to cover your premium and even add to the value of your death benefit
- lasts your entire life
- more expensive premium
Here are the cons for each:
Term Life Insurance:
- is short term
- there is no investment (the value does not grow over time)
Whole Life Insurance:
- is expensive (will be able to afford less death benefits)
- has no guarantee that the promised profit will grow
- even if there are profits, it will be low as the insurance company will be charging fees
For term you are essentially just buying insurance, all the money that you have to pay monthly (or yearly) for this plan will be gone, but for whole life the money you pay is used to invest in mutual funds that hopefully will profit and be able to cover the monthly premium Continue reading
Here is a list of credit cards listed alphabetically by bank and card name. The list will be updated periodically.
(Last updated November 6, 2012)
1st Financial Bank
1st Financial Bank Credit Card
- All categories: 2% cash back
- Unlimited cash back, cash is applied directly to statement
- Annual Fee: None
Blue Cash Everyday Card
- Earn 3% cash back at supermarkets
- Earn 2% cash back at gas stations
- Earn 1% cash back on all other purchases
- Annual Fee: None Continue reading
iPod Nano 1st Generation
Late last year, Apple ran a replacement program for their 1st Generation iPod Nano.
Details from their site:
Apple has determined that, in very rare cases, the battery in the iPod nano (1st generation) may overheat and pose a safety risk. Affected iPod nanos were sold between September 2005 and December 2006.
This issue has been traced to a single battery supplier that produced batteries with a manufacturing defect. While the possibility of an incident is rare, the likelihood increases as the battery ages.
Apple recommends that you stop using your iPod nano (1st gen) and follow the process noted below to order a replacement unit, free of charge.
Note: This battery issue is specific to the iPod nano (1st gen) and does not affect any other iPod.
iPod Nano 6th Generation
I recently received my replacement. It’s a current 6th generation nano in silver (most likely refurbished) and comes with a 90 day warranty. It was an easy process and the hardest part was waiting. Once you register on the site, Apple will send a postage paid box for you to put your nano in. There is a warning that nothing will be returned so you should only place your nano in the box and nothing else. It’s a sturdy box with thick foam to protect it from any damage during the shipping process. It took approximately 1 month for the empty box to arrive even though the email I received stated that it would’ve arrived in two business days. I was anxious so I did some researching online and found out from some forums that because of the overwhelming response, Apple had run out of boxes and needed to order more. But once I received the box everything worked out smoothly and quickly. I received my replacement about a week after my package arrived at the replacement center.
So make sure to send in your 1st gen nano if you don’t mind losing the click wheel.
Chase Freedom Credit Card
Chase Freedom has set the 5% categories for 2012.
The schedule is as follows:
January – March (Activate now!)
April – June (Activate starting March 15, 2012)
- Grocery stores
- Movie theaters
July – September (Activate starting June 15, 2012)
October – December (Activate starting September 15, 2012)
- Best Buy
5% cash back can only be earned up to $1,500 spent each quarter.
Enrollment can be done by clicking on the link sent to your email account, or logging in here.
Citi Dividend Card
For those of you who have been putting off or just forgot, this is a reminder to go into your email accounts and look for an enrollment email (or click here – but you will need to log into your account) to sign up for 5% cash back. The Citi Dividend Card category enrollment entitles you to earn 5% on any purchases made between January 1, 2012 to March 31, 2012 on the following categories:
- Health care – doctor’s visits, eyeglasses, medicine and more
- Fitness club – membership and more
- Utilities – gas, electric, water, cable, wireless services and more
I plan on ordering my contacts during this period and I already started to pay for my oil, wireless and DSL bills with this card. Has anyone had luck paying with electricity, gas and water with a credit card? I don’t see that option on my bills.