Millions of consumers file claims every year against a wide variety of insurance policies only to find the money they spent on premiums was virtually thrown away. here are some types of insurance you can live without.

Jeanette Pavini’s Buyer Beware: Insurance you don?t need: Skip this, buy that

Creating a Safety Net

The purpose of life insurance coverage is to create a pool of money upon your death that your loved ones can use to support their lifestyle. Some people use insurance money to pay off a mortgage, pay off credit card debt, start a business, expand a business, pay for college expenses, meet their monthly obligations or fund their retirement. the uses of the cash are endless. the premiums or amount you pay vary based upon policy type and death benefit amount selected, your age, health, height, weight, smoker/non-smoker status and sex. Do you have enough life insurance to protect your family? if the answer is no or you don?t know, maybe now would be a good time to meet with an advisor.

National Retirement Planning Month – Retirement Tip #99

The right policy depends on your age and your family’s needs.

How To Buy Life Insurance

A bank fixed deposit has always been considered one of the safest investment avenues in the country

Insurance for your bank deposits

Before you retire, identify and fill in any insurance coverage gaps which will be created when you stop working.

Evaluate Insurance

We all feel the pain of rising health care costs, and insurance premiums are just part of the problem. It seems like every year we pay higher premiums for even less care, and that can really hurt the bottom line. Is there anything you can do to cut costs on health insurance? Thankfully, there is. While you may not be able to reduce your costs to zero, there are a few things you can do to reduce your costs on health insurance.

Keeping Health Care Costs Down originally appeared on About.com Financial Planning on Thursday, March 8th, 2012 at 12:16:28.

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Keeping Health Care Costs Down

A bank fixed deposit has always been considered one of the safest investment avenues in the country

Insurance for your bank deposits

Financial inclusion co Swabhimaanya rolled out insurance cover starting with premiums as low as Rs.200 per annum for domestic helps and chauffeurs.

Swabhimaanya rolls out insurance schemes for domestic help

The 1031 tax code allows you to roll-over capital gains from the sale of one building into the purchase of a new property on a tax deferred basis. 

The step by step process is as follows:

1. Consult with your CPA, financial planner, attorney or other advisor to determine if you would benefit from a ?1031 exchange.

Disposing of your Relinquished Property

2. Instruct your real estate agent or attorney to insert a clause into the purchase and Sale Contract requiring the buyer to cooperate with the exchange process.

3. Inform your escrow officer or closing professional that you will be engaging in a ?1031 exchange.

4. Contact a Qualified Intermediary (QI) to open your exchange. Provide the QI with the following information:

a. your name, address, telephone and fax numbers, e-mail address and taxpayer?s tax identification number;
b. Sales price of the property;
c. amount of third-party debt or seller carry-back financing;
d. Escrow or closing agent?s or attorney?s name, telephone and fax numbers, e-mail address and file number;
e. Copy of the purchase and Sale Contract
f. Copy of the Preliminary Title Report or Commitment for Title Insurance;
g. Copy of the Escrow Instructions (if available).

5. execute an Exchange Agreement with the QI.

6. execute an Assignment, Acceptance and Notice Agreement transferring your rights under the purchase and Sale Contract and the Escrow Instructions to the QI and notifying all parties to the transaction of the assignment.

7. execute a Qualified Escrow Account Agreement with the QI and its affiliate title  insurance company. This segregated Qualified Escrow Account safeguards your exchange funds from any liens from our creditors.

8. Inform the QI of the progress of your transaction. at the closing, your escrow or  closing agent will disburse any net equity from the relinquished property to your segregated Qualified Escrow Account and transfer the title directly to the buyer. the QI will notify you in writing when the QI receives your exchange proceeds. the QI will deposit your funds in a segregated Qualified Escrow Account with its affiliate, title  insurance company. the title insurance company will invest your funds in a secure, liquid investment vehicle where your principal will not fluctuate and you will earn a competitive interest rate. you will receive monthly statements on this account.

Identifying Potential Replacement Property

9. Mail, fax or hand deliver a signed description of your identified properties to the QI within 45 calendar days after the transfer of the title of your relinquished property. When  identifying your replacement property, you must comply with one of two identification rules.

3-Property Identification Rule
You may identify up to 3 potential replacement properties without regard to value.

200%-Property Identification Rule

You may identify more than 3 potential replacement properties as long as the total fair market value of your identified properties does not exceed 200% of the fair market value of your relinquished property. If the fair market value of your identified properties exceeds the 200% rule, then you must purchase 95% of the aggregate fair market value of your identified properties (excluding any revoked identified properties).

You may revoke a property identification at any time during the 45-calendar-day period and identify new potential replacement properties. New identifications and revocations must be in writing. Any property that is acquired during the 45-calendar-day period is considered to have been identified.

Acquiring your Replacement Property

10. Select and close on one or more of your identified replacement properties on or  before the earlier of the following dates: a) 180 calendar days after the transfer of the title of your first relinquished property; or b) the due date of the tax return (including filing extensions) for the year in which your relinquished property closes.

11. Defer all capital gain on your transaction by purchasing property that is equal to or greater in value than your relinquished property; reinvest all of the net equity from your relinquished property in the replacement property; and acquire debt on the replacement property that is equal to or greater than the debt on your relinquished property. you may also complete a partial exchange. you will incur tax liability on the non-qualifying portion.

12. Instruct your real estate agent or attorney to insert a clause into the purchase and Sale Contract, requiring the seller to cooperate with the exchange.

13. Contact your escrow or other closing professional to arrange for the closing of your replacement property.

14. Inform your exchange administrator at the QI that you are closing on your replacement property. Provide the QI with your closing information.

15. execute an Assignment, Acceptance and Notice Agreement transferring your rights under the purchase and Sale Contract and the Escrow Instructions to Diversified Exchange Corporation and notifying all parties to the transaction of the assignment.

16. keep in close contact with your exchange administrator at the QI until the replacement property closes and the funds are wired. the exchange administrator will disburse the net equity from your relinquished property to the escrow or closing agent?s account. the escrow or closing agent will disburse funds to the seller, who will transfer the title directly to you, the buyer.

Receiving your Exchange Funds

You may have access to your exchange funds when you have met one of the following conditions:
-You have purchased all of your replacement property and your identification period has elapsed; or
-You have failed to identify any replacement property within the 45-calendar-day period; or
-Your 180-calendar-day exchange period has expired; or
-A material and substantial contingency has occurred after the end of the identification period that:
1) relates to the exchange
2) is provided for in writing
3) is beyond the control of you or a disqualified person.

The Internal Revenue Service requires the QI to strictly adhere to the above criteria.

How to Complete a 1031 Exchange

Survey Says: Insurance Customers Are a Content Bunch