The folks at Insure.com also say that ill-advised Facebook postings increasingly can get your insurance cancelled or cause you to pay dramatically more for everything from auto to life insurance coverage. By now almost everybody knows that those drunken party photos could cost you a job, too.

You can certainly enjoy networking and sharing photos, but you should know that sharing some information puts you at risk. What should you never say on Facebook, Twitter or any other social networking site?

Your Birth Date and Place

Sure, you can say what day you were born, but if you provide the year and where you were born too, you’ve just given identity thieves a key to stealing your financial life, said Givens. A study done by Carnegie Mellon showed that a date and place of birth could be used to predict most — and sometimes all — of the numbers in your Social Security number, she said.

Vacation Plans

There may be a better way to say “Rob me, please” than posting something along the lines of: “Count-down to Maui! Two days and Ritz Carlton, here we come!” on Twitter. But it’s hard to think of one. Post the photos on Facebook when you return, if you like. But don’t invite criminals in by telling them specifically when you’ll be gone.

Home Address

Do I have to elaborate? A study recently released by the Ponemon Institute found that users of Social Media sites were at greater risk of physical and identity theft because of the information they were sharing. Some 40% listed their home address on the sites; 65% didn’t even attempt to block out strangers with privacy settings. And 60% said they weren’t confident that their “friends” were really just people they know.

Confessionals

You may hate your job; lie on your taxes; or be a recreational user of illicit drugs, but this is no place to confess. Employers commonly peruse social networking sites to determine who to hire — and, sometimes, who to fire. Need proof? In just the past few weeks, an emergency dispatcher was fired in Wisconsin for revealing drug use; a waitress got canned for complaining about customers and the Pittsburgh Pirate’s mascot was dumped for bashing the team on Facebook. One study done last year estimated that 8% of companies fired someone for “misuse” of social media.

Password Clues

If you’ve got online accounts, you’ve probably answered a dozen different security questions, telling your bank or brokerage firm your Mom’s maiden name; the church you were married in; or the name of your favorite song. Got that same stuff on the information page of your Facebook profile? You’re giving crooks an easy way to guess your passwords.

Risky Behaviors

You take your classic Camaro out for street racing, soar above the hills in a hang glider, or smoke like a chimney? Insurers are increasingly turning to the web to figure out whether their applicants and customers are putting their lives or property at risk, according to Insure.com. So far, there’s no efficient way to collect the data, so cancellations and rate hikes are rare. But the technology is fast evolving, according to a paper written by Celent, a financial services research and consulting firm.
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• Enjoy simplified commerial aviation rules so that any pilot of a business jet type aircraft would be eligible for Preferred Best Rates
• Increased maximum number of annual hours for private pilots without assessment of a flat extra from 200-300 hours
• Decreased the minimum number of hours flown to 50 to remove the flat extra on pilots of home built aircrafts.
• Decreased the maximum flat extra for certificated ultra-light aircraft pilots from $7.50 to $5.00

Case Example

A 33 year old pilot, with 1500 hours of total flight time, 250 hours annually and a 6-year history of flying the same aircraft, is applying for 30 year Term Insurance policy for $1,000,000.  He has no health concerns.  He qualifies for a Preferred Best rating.

When someone dies unexpectedly, the grief alone is enough for the loved one of the deceased. If there are many debts to take care of and a funeral to pay for as well, the burden on family members will be heavy. Many families struggling in the hard economic times of today would not be able to afford the cheapest funeral expenses, much less pay off debts left owing. Make sure your loved ones will never have to go through a nightmare like that and get an insurance policy that will help them.

In most states, including Florida, there are two types of life policies. One is called term life and the other is permanent or whole life insurance. Both have death benefits for your loved ones to use for your funerals expenses, but each one is different in many ways.

You have probably heard of people borrowing money against their insurance policies. With a term life policy, you most likely will not be able to do this. The reason for this is because term life is more like a temporary policy and does not build up cash value over time. This is the type of policy a young family would invest in just to be sure of coverage in the event of premature death.

If you would like to have the policy that is going to build up equity over time, you will need to see about getting a permanent life insurance policy. Premiums for this policy will be more expensive, but you will have cash value growing over time in that policy that will allow you to borrow against it. If you chose this policy, it would be a life time investment with locked in premium prices in most cases.

Supposing you did decide to borrow against your permanent life insurance policy, you should know that amount will be taken from your beneficiary amount in the event of your death. However, any borrowed monies that are paid back in full before something happened to you, the death benefit would not be interfered with.

Another way to get money from your insurance policy is to use it as collateral in getting a loan. Many lenders consider these kinds of policies to be a solid and accountable asset. You can also get much lower interest rates because of this. This is a great advantage to FL Life Insurance.

All Florida residents need to consider getting an FL life insurance policy to protect their loved ones from unnecessary burdens in the event of death. The hassles involved in solving unpaid debts and raising money for funeral expenses will be a terrible burden on top of grieving.

Any cut that you make in your insurance coverage will surely save you money every month. The downside is that it may end up costing you substantially more in the future. That small percentage you shaved off your monthly payment may cost your tens of thousands of dollars when you need medical attention.

Increasing co-payment costs is the number one change that people make to lower their insurance premiums. A co-payment is the amount that you agree to pay of a bill before the insurance company covers the rest. Having a higher co-payment means that you will pay more when you seek care, but you will have lower monthly premium payment rates. If you are relatively healthy, a higher co-payment may save you more money. Chronically ill people will save more money with lower co-payments and higher monthly payments when they obtain South Florida Health Insurance.

You will also have to choose between health maintenance organizations (HMOs), point of service (POS) plans, preferred provider organizations (PPOs), or fee for service (FFS) plans. Each of these plans are progressively more expensive and flexible. They also all have their own individual pros and cons.

The cheapest and least flexible of the plans is the HMO. In an HMO, you are assigned a primary care physician who is in charge of your medical needs. They determine when you need to seek care from a specialist and you can only go with a referral. The upside is that HMOs have established very low co-payments for all medical care. If you seek any care outside your primary physician or without a referral, you will be responsible for the whole bill.

Slightly more flexible and costly are POS plans. Like HMOs, you have a primary physician who provides patients with referrals. The co-payments are higher, but you have the ability to seek care from other doctors by paying deductibles.

The next kind of care is PPO. The PPO is different from HMO and POS in that you do not have a primary physician. Instead, you can see any doctor you would like. If you see a doctor within the network you have a low co-payment, but if you see a different doctor you pay a deductible. The network often has specialists from most fields of medicine, alleviating the need for outside care.

FFS is the most expensive and most flexible plan. You are able to see any doctor that you would like and pay a deductible.

On a final note, one other thing that you can adjust in a policy is the lifetime coverage cap. This is the total amount that an insurance company will pay for your medical bills over the course of your lifetime. Most Americans have this set to about $1 million. Many insurance companies will allow policyholders to decrease this to as low as $100,000. It is key to note that an accident or severe illness can result in bills exceeding over $200,000.

There are effective ways to decrease the monthly premium costs of South Florida health insurance policies. It is important to remember that any changes that you do make, however, could cost you more money in the long run.