“Our necessities are few but our wants are endless.” – Henry Wheeler Shaw (Josh Billings) Everyone needs to have a life insurance policy, right? Wrong. In fact, unless you have a genuine need for life insurance coverage, buying a policy, no matter what the cost, would be a total waste of your money. And that…
It?s no newsflash that writers love what they do ? writing. Whether they?re writing children?s books, science fiction novels, Harlequin romances, or feature articles for various magazines, you can usually find a writer with a pen in her hand or keyboard keys at her finger tips.
That?s a good thing, too. Without writers, not only would the world lack entertaining and engaging fiction, but we?d also be without educational resources such as textbooks, and even the catchy writing we see on advertisements.
Good writing doesn?t come free, and neither does good health ? well, good health insurance, that is. Regardless of how rewarding writers find their writing careers, unless they?re employed full-time, for example with an established newspaper or magazine rather than writing as freelance writers, chances are their writing careers aren?t offering any kind of health benefits. Medical costs usually come out-of-pocket for freelance writers.
The good news is that freelance writers don?t have to go without health insurance. Having a writing career also doesn?t mean purchasing an individual insurance policy is the only option. Since writing is a career that will always be in high demand, many people have gotten together over the years and formed several writing organizations.
The option to purchase a health insurance plan through these writing organizations is only one of the various benefits offered.
Writing organizations usually offer health insurance plans that are much cheaper than individual health insurance plans. This is because writers who purchase these health insurance plans will pay group, rather than individual, rates.
Sure, purchasing an individual health insurance plan is always an alternative, but for writers who take advantage of writing organization benefits, purchasing an individual health insurance plan can actually be a last resort. By researching and finding the best writing organization for them, writers can take advantage of group health insurance rates through the writing organization. A writing career doesn?t have to mean expensive or non-existent health insurance!
I recently did an investigation on the development of the 30 year term insurance plan over the years. For many years the process of purchasing a term life insurance plan meant meeting with an insurance sales agent and choosing from available policies. One of the most popular life insurance policies is the 20 year term life insurance policy.
One of the best loved policies is the 20 year level term life insurance policy. Used for similar reasons as the 20 year term is the 30 year level term life insurance policy. Death benefits for term life insurance are traditionally level, neither increasing nor decreasing over the term of the policy.
If we were to inspect a decreasing term life insurance policy the shrinking yearly premium reflects the decrease in the death benefit each year, also keeping in mind the fact that the insured is getting older each year. It is recommended that people should buy term life insurance with the Theory of Decreasing responsibility in mind. Business Partner Insurance – Term insurance is also used by business people to cover outstanding debt with their bank, or to purchase a late colleague’s stocks on death, if they had an agreement to do so.
Like the 5 year term life insurance policy, the ten year term life policy can be used to cover a bank loan, but it can do considerably more. What life insurance companies have attempted to do with term life insurance, and have been fairly successful at doing it, is to strip the life insurance policy of as much of the front end load as possible. A term life policy is much more simple and is definitely the most common form of life insurance.
No load term life insurance is probably the least expensive form of life insurance in the market. In today’s world of globalization and cut-throat competition to retain the best talents, group term life insurance is an invaluable employee benefit to provide financial security to the employees’ dependents. For a young or even middle aged person who foresees specific financial needs to be covered in the event of his/her death term life insurance may be the right choice.
Group term insurance may include disability coverage and/or accelerated death benefit and the employee can make his/her choice. Actually, term life insurance is invented to help you take care of your obligations in the incident of your unfortunate demise. Once you make the decision to look into purchasing a long term care health insurance plan you need to be sure that the company you talk too will assess your physical condition and you current state of life before issuing you a policy.
Similar to whole life insurance, when you get a term life policy, you pay a premium to the insurance company, and in exchange the company will pay out a set amount of money should you die during the period for which you are covered under the plan. With term life insurance, the interest rate on your policy never grows and term coverage starts as soon as you pay your initial premium. Well, after you have decided that you need term life insurance, and you know the length you want coverage, there will be some additional factors that will affect your quote.
There are certain riders that you can add to your 10 year term life insurance policy which would tremendously increase it’s value to yourself and your beneficiaries. There are certain minimum and maximum amounts of 10 year term life insurance that insurance companies will be prepared to issue on an applicants life. In some cases, others will have a vested financial interest in another person for a specified period of time and may find taking out a term life insurance policy on that person provides them with necessary protection.
When it come to vast amount of coverage verses cost, term life insurance is far and away the leader.
The internet has made our daily lives much easier in so many regards and getting an online renters insurance quote is just one of them. Here are some of the bigger benefits and what you should be aware of when getting any type of quote.
Trying to move into a new home or apartment is not an easy task. There are a million and one different things you have to do before moving. Going to an insurance agent’s office is not one of the things you look forward to doing. This is where getting an online quote can be so helpful.
You can access a renters insurance quote 24/7 on the internet. You can plug in your insurance information and instantly get a quote and even apply for a policy.
You are also able to compare quotes from different insurance companies. What may be a very competitive quote from one insurance company may be more expensive from another.
Some of the basic coverage’s you’ll need to keep in mind include:
-Contents amount – Go through and make a list of your contents along with an approximate value so you will have the right amount of coverage. You don’t want to under estimate your renters policy coverage.
-Be sure to have a minimum of $100,000 in liability coverage with any renters insurance policy.
-Do you need flood insurance coverage? Renters insurance does not include protection and coverage against flooding. You will need a separate flood policy for that.
-Pick a deductible you can handle in the event of a loss. Of course, a $1,000 deductible will be less expensive than a $100 deductible, but can you come up with that amount in the event of a covered loss?
Once you have an idea of the amount of coverage you need, deductible, and other extras, you can then go on the internet and quickly obtain an online renters insurance quote. It really is so easy a caveman can do it!
It can be easier than you think to save money on your car insurance policy. There are several steps you can take to start saving right away. Using an Independent Agent is helpful in shedding unnecessary costs on your policy. Your agent can advise you on proper coverages and shop the rates among many companies. The difference between one company and the next can literally be hundreds of dollars.
Consider dropping the physical damage coverage on an older car. Depending on your car?s age and where you live, comprehensive and collision coverage may not be worth keeping. You can speak with your agent about this and they can help you research your car?s value to determine the value of the coverage. If you do not want to drop the coverage, raise the deductible. According to the Insurance Information Institute, raising your deductible from $200 to $500 could reduce your collision and comprehensive cost by 15% to 30%. In addition, because the average driver files a collision claim only once every ten years, odds are that over the lifetime of your car, a higher deductible will save you money.
Look for discounts. Many insurance companies offer discounts for adding multiple policies. For example, if you add a homeowner?s, umbrella, ATV, or other type of policy, you could save anywhere from 5% to 20% on your car insurance. Companies also offer discounts for certain driver traits or car features. For example, being a homeowner, a good student, a senior citizen who has taken an approved defensive driving course, a car with antitheft devices and antilock brakes, air bags, etc. All of these factors may lower your rate. Your agent will know what discounts apply to your situation.
Do not assume having your car and home insured by the same company is always the best option. It may be, but it is not absolute. Because auto insurance rates vary so much from company to company, it may make sense for you to have your car and home insured by separate companies. Talk about it with an Independent Insurance Agent.
There are many types of life insurance policies. Before you venture out for one, learn about them and see which one is applicable to your needs best. The following are the most common ones:
1. Term life insurance: This type of insurance is the most basic of all. Its one and only function is to cover your life with an amount of cash which on even of your death will be given to your nominee. Here the death benefit is equal to the policy limit. This is a good way to have mental peace in the conviction that you will provide for your family even in the event of death. This is good thing to have as a stand by any day.
2. Whole life insurance: This type of policy besides providing a fixed amount to your nominee on your death, it also gives you a financial gain over time as an investment would. The benefits you get out of this type of insurance is:
a. pays a fixed policy amount in event of death
b. gives you an investment amount that is free of tax
c. protects you from rising prices ? the premium is fixed for the life despite market fluctuations
d. pays dividends as any good investment plan
e. offers you freedom to sell the policy back at any given time you choose
3. Variable life insurance: This type of insurance is much more flexible than the whole life insurance. The best benefit here is the fact that it allows the policy owner to borrow against the policy maturity amount. In this way not only you are insured but you also have a very decent source of borrowing at a lower rate than the market price interest rates. The variable life insurance too offers the benefit of tax-free ash accumulation that is a great incentive for investing in insurance the world over. There is another benefit that accrues from this type of insurance, i.e. the amount that is to be paid as a benefit to the nominee of the policyholder can be varied according to the need of the beneficiary (in relation to the funds available in the account).
4. Universal life insurance: This insurance one of the most flexible of all types of insurances. It not only covers the death, but also allows you a host of other benefits:
a. As all insurance policies, it pays the beneficiary a pre-arranged amount of cash in the event of your death
b. It provides a tax-free cash investment ? which can accrue interest at market value
c. It allows complete flexibility on the premium making it easy for you to keep up with your payments even in lean times
d. At the same time this type of insurance allows amount flexibility
5. Universal variable life insurance: This is the ultimate among all the insurance policies. It allows you complete freedom on the way you invest and recover your investment. You have full control upon your cash at all times:
a. it pays the beneficiary a pre-arranged amount of cash in the event of your death
b. It provides a tax-free cash investment ? which can accrue interest at market value
c. It give you total premium flexibility
d. It allows to withdraw cash from your policy at any given time throughout your life time
e. It allows you to borrow against the maturity amount at subsidized rates of interest
f. It allows you to terminate the policy at any time, however, in that event your maturity amount will be reduced according to the time in question
Life insurance first and foremost role is to protect the near and dear ones in even of one?s death by providing an alternative source of income. Today, however there are a number of benefits added to the main role. Check out the latest developments and choose well. Get value for your money.
While no one likes to think about death or illness and, it does happen and if you were diagnosed with a critical illness it would put severe stress not only on yourself but also your loved ones.
With the advancements of technology today more and more people who are diagnosed with a critical illness do recover and go on to lead a normal life. However, it is during the recovery time that you could need help and peace of mind that you wouldn?t have to struggle financially. A lump sum payout could help to pay medical expenses or day to day living expenses whilst you recovered and this would come in the form critical illness insurance.
Critical life insurance will pay out a lump sum of money if you should be diagnosed with one of the specific critical illnesses outlined in a policy. The sum of money and the term that the policy is taken out is determined at the time of purchasing the policy and if you should suffer from one of the critical illnesses defined on the policy then that sum of money would be paid out providing that you survived for 28 days after you were diagnosed with the illness.
The actual conditions defined as critical illness will vary from policy to policy but they usually all include such as cancer, heart attack, stroke, kidney failure, major organ transplant and multiple sclerosis. There are many others but these are usually the core illnesses so always check with a particular policy under the terms and conditions.
If after the term ends on the policy and you haven?t been diagnosed with a critical illness then the policy simply expires there is no cash payout. A critical illness life insurance policy can bring great peace of mind to you and your loved ones and get you through a stressful period of time but you have to be careful when choosing your policy. The easiest way to get the best deal on a critical life insurance policy is to go to a specialist provider and let them secure the cheapest deal for you.
High quality health care today simply means having the right information in the right hands and at the right time. You may be an individual or a family, every body need concurrent access to health care information that might be discrete among a number of physicians, hospitals, pharmacies, and other health care providers. But in fact we are many years away from the system that are fully interoperable. Consumers would have superior access to the health care information they require to optimize their health and health care thanks to a new personal health record (PHR) model being urbanized by Blue cross health insurance plans.
America’s Health Insurance Plans (AHIP) and the Blue Cross and Blue Shield Association (BCBSA) worked jointly to recognize the core health care information to comprise in PHRs, and have urbanized and pilot tested standards, which allow consumers to move PHR data when they actually change their coverage. This ensures that PHRs would surely be portable from health insurer to health insurer as customers have requested. Members of the two teams cover about 200 million people.
The industry model PHR by Blue cross insurance is in fact private, secure web-based tool preserved by an insurer, which contains a consumer’s claims and organizational information. PHRs allow individual patients and their chosen caregivers to look and manage health care information and play a better role in their own health care.
Consequently of health insurance claims filed on behalf of consumers, insurers have most information required to give PHRs, and are in an exclusive position to build them for customers in the near term. PHRs are different from the electronic health records, which providers normally use to store and run detailed clinical information. A projected 75 million people have PHRs throughout health insurers, with millions more planned for the service during 2007.
Physicians tend to encourage insurers to accept a reliable set of core PHR data. Health insurers would carry on innovating in the PHRs they expand, but the aim is to slot in core data elements into every PHR. These elements comprise patient histories, medications, immunizations, allergies, risks, plans of care, and much other information, which physicians recognized as the key data. The health insurance groups of people have set an objective of incorporating the core data elements and implement the standards for portability from a previous insurer to a new insurer by 2008.
As there have been cases where payment protection insurance (PPI) is grossly misused, it is better to avoid it under any circumstances. While you are going for loans, make sure that you avoid any kind of PPI unless and until you are really interested to go for the same. That must be kept in mind at the outset.
What Compels One To Make PPI Claims
As payment protection insurance is meant to protect the borrower in case he meets with an accident, become jobless, or fall sick, usually it has been seen that payment protection insurance was delivered to the borrower even without his knowledge. In some extreme cases, the borrower was not aware even that he has PPI with him along with its exorbitant cost he is paying for years. Now that is where one feels cheated as far as PPI is concerned. And, it is unfortunate but true that in majority of cases the payment protection insurance was mis-sold.
Citizens Advice Bureau
It is a plain fact that PPI claims constituted the biggest financial rip-off the last decade,. According to CAB, payment protection insurance is largely serving the purposes of the other source, the lender instead of the borrower for which it was actually meant. So, it means that the theory behind PPI is right, however, the problem is primarily related to the exorbitant pricing, which is unnecessarily levied on to the borrower.
One of the best solutions to strike the best deal as far as payment protection insurance is concerned, it is getting the flexibility at the outset. It is really important to understand the significance of flexibility factor when it comes to payment protection insurance.
By the term flexibility, one must note that it is basically taking into account ones financial position that might change with the passage of time. If one is clear on this front, he reduces the payment protection insurance risk factor to a considerable amount.
Beware of Long Term Policy
As there are banks that might put an individual in a difficult position, one must be aware of the long term policy delivered by them without proper information. As there are banks that are delivering expensive PPI policies and harming the customer as a result, there is a possibility where one might get harm due to that. In some extreme cases, it has been found that it becomes very difficult to cancel the PPI policy and that is where one enters into a deep trouble.
However, most standalone PPI policy are delivered on a short term monthly basis. This pertains to the insurance cover, which is delivered as per your wish in terms of time.
Making PPI Claims
If you follow above mentioned guidelines and even then become a victim of PPI mis-selling, it is better to go for a? PPI claims in time. Going for a PPI claim will make you secure as you will not only get your hard earned money back, but will be in a position to stop paying the installments at least the moment you initiate a PPI claim case.
For the homeowner, the primary expense of one will be the home insurance that has to be paid on monthly basis. If someone still owes money on their home than the bank will ensure that one gets a good home insurance plan so that it protects the person from robbery, fire and any other disaster. In case of auto insurance, one usually goes through various sites to check for the best possible insurance. This same goes for the home insurance quotes. One must check various companies before going for the one company for the home insurance. Before going to any supplier make sure you have done enough comparison.
One of the best ways to compare different companies is to go to the comparison websites and there are different companies that are listed there and being compared.
One of the biggest advantages of these sites is that they let you compare different companies according to your requirements and the budget. With the advent of Internet searching for the right company and doing comparison has altogether become very simple as all the information is available just a click away. But one disadvantage about these comparison websites is that they don’t give the detailed information in the quotes that are provided to the customers. But the biggest advantage is that it gives a great starting point through which one can check the insurance company with the lowest quotes.
After comparing the home insurance quotes with the companies. One must check their options with individual companies.
Before going to the individual companies for checking out your options be sure that the information that you are having is correct. You can need actual appraised value of the home of yours, home loan amount, and the insurance amount in total you want. One must also know the type incidents that there insurance is going to cover up. Therefore one must do some research before going for any company. Once you go through the sites they will ask you to fill up the application form. After filling the application form you will be given the insurance quote for free. One can compare the various quotes. These quotes that are provided are accurate but if you want more accurate information than one must talk to the agent. The advantage of talking to the agent is that they can tailor your quotes and they can also provide you with the discounts that the company can offer you.