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John Stewart

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The risks factors in critical illness insurance may be greater than that of life insurance. Reinsurance of critical illness insurance may be a solution to eliminate some of the financial loss an insurance company might incur. The procedure may take place through quota share or an excess of reinsurance. Let’s have a look at some of the factors important for the reinsurance of critical illness insurance.

There had been difficulties in assuming the incidence rates. So, the critical illness premiums values may be readjusted or reviewed depending on the magnitude of the loss made by the company. Insurers and reinsurers may then avoid premium guarantees exceeding five years. As a matter of fact, if the insurer decides to increase the critical illness premium rates, the reinsurer also might have to share an equal proportionality in these increases.

Furthermore, reinsurance might be used by insurers in the critical illness segments where they have less experience. For example, small life insurers might choose to follow a trend for their critical illness products dissimilar to that of their pure life products so that they would have to suffer less. Moreover, if the critical illness insurance is a prepayment, the insurer and the reinsurer may be required to have an equal involvement concerning both life and critical illness risks. Otherwise in case of a doubtful critical illness claim, problems might crop between the insurer and the reinsurer.

For example if the insured died due to a heart attack, the fact that the critical illness was in rule with the policy definitions may remain unclear. As said before, the insurer and reinsurer may have to share the life and the critical illness risk equally. If that’s not the case, both parties might then have the idea to either make the claim a death claim or a critical illness claim. This may depend on the cause of the claim. Thus, the loss whether it be a root of critical illness or life may affect both insurer and reinsurer at the same rate.

According to Munich Re, This can easily be achieved with a quota share reinsurance agreement. For example, the insurer might reinsure 30 percent of its life and prepayment critical illness business. In case of a reinsured policy with USD 200,000 life sum insured and a critical illness acceleration benefit of 50 percent, the reinsurer may pay USD 30,000 (30 percent of 50 percent of USD 200,000) upon critical illness and another USD 30,000 (30 percent of [USD 200,000–USD 100,000]) succeeding death, or USD 60,000 (30 percent of USD 200,000) if death occurred first.

As per Munich Re, if the reinsurance is carried out on a surplus basis, it may be advisable to fix only a retention for the life risk. The critical illness risk may then be reinsured in the same proportion as the corresponding life risk. For example, the insurer might want to retain all life risks up to an amount of USD 50,000. A policy with USD 200,000 life sum insured and 50 percent prepayment in the case of critical illness would be reinsured as follows: The excess of USD 150,000 over the life risk retention, i.e. 75 percent of the total sum, could be assumed by the reinsurer. The critical illness risk may then be reinsured in the same proportion. In the case of a critical illness claim, the reinsurer may pay out USD 75,000 (75 percent of 50 percent of USD 200,000) and another USD 75,000 (75 percent of [USD 200,000–USD 100,000]) on subsequent death, or USD 150,000 (75 percent of USD 200,000) if death occurs first.

Source by Mike Armstrong

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Directors & Officers insurance is taken to offer adequate financial security to directors and officers of a company in case they have to face any lawsuit filed by shareholders, creditors, competitors, and consumers for any omission, fraud, cheat, and other event in concern with the running of day-to-day affair of a company. This particular type of insurance has been introduced in the business world to safeguard the interests and rights of directors and officers of a company in case they are accused of errors and omissions in their normal course of working.

Better known as D&O insurance, this type of insurance protects directors and officers from any kind of unforeseen financial liability. It will also include other insurance like Employment Practices Liability and at extent Fiduciary Liability.

Importance of D & O insurance for Private Companies
In case of a private company, directors and officers are held personally liable for the decisions and activity they undertake in daily course of action. It can be better understood as if a private company is not covered under the directors & officers insurance, it may has to face many kinds of challenges and harsh actions. If you own a private company, make sure you get the best D & O insurance coverage.

Usually, private companies and firms underestimate their liabilities towards the directors and officers and their way of working. Working for the private cause does not necessarily mean that the decisions of your board are immune from public scrutiny. In addition, private companies need strong protective shield because of their large shareholder base; a large number of creditors, competitors, government bodies and employees. In fact majority of D&O claims include employee related litigation and lawsuits in today’s growing world.

Internet is the Finest Source
The Internet his the constant source of getting adequate information and insurance protection against the directors and officers of a company. Find the best coverage for your people and stay happy for long.

Source by Roberto Luongo

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Finding the car you want may not be as difficult as you think. You can find great deals on salvage title cars, cars that have been “totaled” by insurance companies, and then resold to dealers who place them in online auctions at places like Copart. Because the general public cannot bid on dealer only auctions, AutoBidMaster makes it easy to get access to great salvaged cars from insurance companies.

Insurance companies often write off cars that are not really that damaged; often only sustaining dents, dings or minor collision damage. What seemed out of reach for you in these financially-trying times might be accessible through an insurance company salvage car, with which you only need the low bid price, and parts to make the car perfect. It is no longer a pipe dream to want a classic car, late or early model auto, RV or recreational watercraft. With a little research, you can avail yourself of some incredible deals on vehicles that the insurance companies have been willing to write off, but are actually viable investments.

Taking the guesswork out of the process is what online brokerages such as Auto Bid Master do every day. Working directly Copart auctions, registered broker like Auto Bid Master are able to offer to the public a huge number of cars and motorcycles to the public for a fraction of the cost of new or retail-used. You can find deals that used to only be available to licensed brokers or wholesalers, with just a little bit of time spent on the computer. You save hours’- and even days’-worth of time on what can be a very tedious process: That of finding the perfect car for a reasonable price from a reputable dealer. Insurance companies and dealers regularly use online car auction sites, selling salvaged repairable cars at auction for a fraction of the retail price. With a few simple clicks of the mouse, you can bid at auction on the car you want, plus the parts to make the vehicle excellent again. You don’t have to go through dozens of online ads, magazine ads or specialized news classifieds to find a huge selection of just what you’re looking for.

While it’s easy to bid at an online auction, make sure to learn the laws regarding salvage titles in your state, and take the time to research your online auction house. Learn too, about insurance company salvage title cars, and what steps you’ll need to go through to get clear titles. Parts can be had at “used” auction prices too, so learn how these parts might affect your resale chances should you ever want to sell the car. New car dealerships have rules about accepting salvage title cars, so read up and consider if that will be a deal-breaker for you.

If you clearly need a car for your own long-term use, get your salvage title car inspected by a licensed mechanic. You might find that the automobile needs only cosmetic work that you can attend to on your own, making the choice of a salvage car an easy one because of the huge amount of money saved.

Source by Adam Winters

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There are actually many ways to get cheap car insurance rate that you have yet to discover. I am going to reveal some of the secrets here, so read on if you are looking for ways to reduce the cost of your car insurance.

As always, there are people who will advise you to drive carefully. This is because by driving carefully, it will benefit you in many aspects. If you still haven’t realize it, constant speeding and reckless driving will put you at a much higher risk of getting yourself in car accidents and hurting yourself and others. They will also eventually lead you to pay a very high car insurance rate as the traffic citations mount. Therefore, slow down your speed and drive carefully to prevent accidents form happening. You will then be able to secure cheap car insurance rate.

The type of car that you have will also determine your chance of getting cheap auto insurance rate. If you have a car which can be considered as old, consider dropping collision coverage on your car. Collision coverage is the one that pays to repair your car if it meets with accidents. Usually, old cars have very low value and you risk paying more insurance than what you really need by taking up collision coverage. Drop this coverage and you will get cheaper car insurance rate. However, if you decide to take up this method to get cheap car insurance rates, you will most likely need to buy another car if your car is ruined in an accident. Check the value of your car and decide it yourself whether to drop this part of coverage.

Next, you can also try to reduce your mileage to get cheap car insurance rate. You can reduce your car’s mileage drastically by carpooling with your friends or taking public transport. Ask your insurance company if they have discounts for drivers who drive low mileage and you will find most of them do.

Besides that, you should also know your rate is actually affected by your credit rating. It is the best thing if you can keep your credit rating as high as you can. More insurance companies are using your credit factor to determine your overall amount of your car insurance rate. Try to keep any errors that come up off your credit record and you should also pay your bills on time. All these will not only help you to maintain a good credit record but also let you have higher chances to secure cheap car insurance rate.

Finally, insurance companies normally cut down your rate when you purchase more than one insurance policy from them. For example, if you haven’t got any policy for your home yet, get your homeowners policy from the same company. Sometimes, these discounts can help to reduce your car insurance rate significantly.

Source by Crex Sky

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The comprehensive auto insurance is at the top of all the different kinds of financial safety coverage. This means that collision and comprehensive policies do not come cheap. But the word cheap is a relative term applied to measure the quality of the coverage purchase by a certain amounts of money. The online resources give consumers a unique opportunity to understand the collision and comprehensive coverage better than ever before. This will help them prepare about their budget and requirements before actually applying for their auto insurance. If you want to know more and are serious about purchase collision and comprehensive coverage read on.

The comprehensive car insurance at the MTMCI Company provides definitive resources to find compare and quote insurance policy prices online. This company has succeeded in providing updated feeds daily to the nationwide driver public. The MTMCI is positioned with instant access tools for car owners and car drivers searching for various vehicle protection plans. The online staff is helping consumers to access newer local as well as national level auto insurance companies. The support staff updates online feeds regularly so the driver public can view as well as review collision and comprehensive rates through a single online search portal.

The cheap monthly auto insurance is one of the best ways to reduce the commitment towards financial safety coverage. The car owners and car drivers across the country can now afford as much financial security as they like which otherwise would be out of bounds for them. The consumers breaking up the annual car insurance costs into twelve smaller amounts get the advantage and benefits of making regular and timely payments without any worries. Further, the reduced amounts provide a greater incentive for getting adequate coverage rather than opting for deductibles and leaving anything to chance.

The best car insurance with no credit check is paving the financial way for most of the credit challenged drivers across the country. These drivers with credit challenged issues are now being offered affordable auto insurance policies online. Moreover, looking for affordable policies is often fraught with the issue of credit check. Millions of Americans were faced with repeated rejections and dejections due to poor credit. The rapidly developing and wider presence of internet technology could easily overcome this problem by getting them in touch with the car insurance carriers willing to underwrite their coverage without credit check.

The comprehensive car insurance becomes a lot cheaper and easier to afford by purchase of monthly car insurance without credit check. The drivers with collision and comprehensive coverage get financial security in case of vehicle damage and other colliding vehicle driver claims are reimbursed. As per the policy, car owners get paid in full in theft and natural calamities such as tornadoes, storms, hurricanes, earthquakes, landslides etc. the car owners and car drivers can also benefits from comprehensive coverage that protects from vehicle damage due to wild animal attacks. Their auto insurance policies covers incidences of vandalism when vehicle is smashed, slashed, spray painted or battered.

Source by Lisa Brown

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If you plan to purchase health insurance, there are many options open to you. Oriental Health Insurance is one of the best options available in the market today. There are various health plans offered to you by Oriental Insurance. You can choose from Individual Mediclaim Policy, Group Mediclaim Policy, Comprehensive Health Insurance Scheme, Universal health Insurance Scheme, Swasthya Bima Policy, Overseas Mediclaim Business and Holiday, Overseas Mediclaim Employment and Study, etc. These plans comes up with lots of features and benefits that suits every individual needs.

These plans covers the  insured person for hospitalization expenses in respect of sudden illness, accident or surgery. It includes room rent, boarding expenses, surgeon fees, specialist fees, consultant fees, anesthetists, nursing expenses, operation theatre charges, intensive care unit charges, cost of medicines and drugs, blood, oxygen, surgical appliances, diagnostic materials, x-ray, dialysis, chemotherapy, radiotherapy, artificial limbs and other similar expenses. The domiciliary hospitalization expenses are also covered under these plans.

All pre and post hospitalization expenses are covered. The pre-existing diseases are also covered after 4 continuous policy years. In the event of emergency, ambulance charges are covered for transporting the insured person from residence to hospital or from one hospital to another hospital.

Oriental Health Insurance plans are available on cashless hospitalization basis. It means the insured person can avail the treatment at any network hospitals through TPA service. The insured needs to provide the ID Card to the network hospital to avail cashless hospitalization facility.

The optional benefits are available by paying additional premium. Personal Accident and Life Hardship Survival can add with your basic health cover to avail extra benefit. The benefit of Daily Hospital Cash Allowance is provided under the Gold plan.

Tax benefit is available under section 80D, 80DD and 80DDB of the Income Tax Act,1961.

Source by Habibulla Antule

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Health insurance is something almost everyone has, or strives to have. In addition, many people also get pet health insurance as well. Animals are a very important part of most families just like the rest of the family members and sometimes even more. Most people don’t realize that there are now many options out there for pet health insurance and most are much more reasonable and affordable than what we have available for ourselves.

Most pet health insurance policies cover all basic needed services such as spaying and neutering, de-worming, shots, and basic tests such as leukemia testing. Most of these pet health insurance policies offer different tiers to choose from depending on the age and specific needs of the pet. Rather than having to pay outright and break your pocket book for needed vet visits these policies enable you to make low monthly payments, and not owe anything at the time of the visit.

When checking out pet insurance reviews, going for the cheap pet insurance may or may not be the best idea depending on your pets needs. The cheapest pet insurance usually only covers the basic needs of the pet for example; vaccinations, de-worming, etc. When going through a pet insurance review make sure you get the level of coverage that is most accomodating to your needs as well.

Below is a list of the different kinds of coverage pet health insurance usually offers to aid in finding and selecting the best pet health insurance plan for your animals needs. Unfortunately pets just like people get health issues, and it’s just heart breaking when this happens and you’re not prepared or able to get your pet the help they need. Similar to our health insurance depending on the type of visit there may be added expenses that may need to be paid, but those can normally be taken care of at a later date in easier to pay monthly installments along with your pet insurance costs. This makes properly caring for your animals a lot more feasible.

When Does an Individual Not Need Pet Insurance?

This is a tricky question. For some, the cost of caring for a pet may be unjustified if the finances are above the individuals needs. In addition, some may feel that smaller pets, ie; rats, mice, frogs, etc. may not be the best canditates for pet insurance and the pet insurance cost may not be justified. This is also determined on an owner-by-owner basis and is strictly up to the pet owners discretion.

Another time when pet insurance is not needed is when a pet owner is completely capable of paying the vet bills without strain at any given moment. Many people have very healthy pets and only want to pay when the pet is sick or in need of treatment. This is completely o.k. for plenty of individuals. In general, pet insurance is for those who don’t want to pay a lump sum, but find it more affordable to pay ahead of time and be covered when the time is right.

Unfortunately there are many individuals that don’t take their pets to the vet at all. This can lead to undiagnosed illnesses, and a lower quality of health. For example, it’s very important to take your cats in for leukemia testing as it has become a common fatality among the feline society. Most kittens also require de-worming and de-fleeing which is very important to their health and development. We are offering here resources to some of the cheapest pet health insurance so that everyone can find a plan that can work for them and their pet.
The benefits for having pet insurance are abundant though unfortunately it may not be financially feasable for everyone at least it is to most. Below is an example of what a tiered plan may offer;

– Leukemia testing and shots
– de-worming
– de-fleeing
– spaying and neutering
– rabies vaccination
– heartworm testing
– fecal exam
– coronavirus vaccinations
– canine and feline distemper vaccinations
– Treatment and medication for illness
– Treatment and medication for injury
– Annual physical exam

* A plan like this would normally run you anywhere from $25 to $35 a month per pet.

This is an example of a well rounded option for a plan that includes wellness as well as continuing care and accidents which could be most important as they account for the larger bills and can never be planned for. There are also plans lower than the above. one such as this that is just strictly accidental coverage, which may be a good option for some as well that are not so much concerned with the costs of routine visits but are with the possibility of accidents. There are also of course plans higher than this as well that offer additional services to the plan, but for most this would be sufficient.

Source by Gabriel Killian

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In our present woeful economic climate it is imperative that we all have some form of annuity insurance and one of the easiest places to purchase annuity insurance today is online.

There are several types of annuities on the market today, including tax deferred annuities, immediate annuities and equity indexed annuities but, at its most basic level, annuity insurance involves paying money into an annuity contract now so that you can withdraw the funds at a later stage, with interest and hopefully without having to pay excessive taxes. Because it is so important for the annuity that you buy to suit your personal financial situation, it is imperative that you obtain a firm understanding of the pros and cons of all available annuity types before buying one. This is where online annuity sites can assist as they provide information on the consequences of purchasing the different types of annuities which you can review from the comfort of your own home before making a decision.

Typical features offered by first-rate online annuity sites today include lists of comparable annuity rates, free online quotes as well as explanations of the different annuity types and comparisons between annuity types. Information will also be offered regarding subjects like how best to deal with your annuity after you have bought it and how to sell your annuity. Annuity sites will also deal with related subjects like tax advantages, tax on death benefits, income options, open market options, IRAs and 401k plans and retirement planning in general.

Reviewing and buying annuities has never been this easy.

Click Here For Your Free Annuity Insurance Quote

Source by Jeremy

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Stepped or Level Premiums for Life Insurance?

When looking for the right Life Insurance policy within Australia, it is important to consider which premium structure you would like to choose. Stepped premiums are great in the short term, though will end up costing you a lot more in the longer term.

“When discussing with clients, I always ask for how long they see themselves needing life insurances and income protection.” says Peter Kaleta Principal Adviser from Life Shield. “If the answer is ‘long term’ (greater than 5-10 years), then it is worth considering a level premium structure for their new policy.”

Normally you are only told about stepped premiums as these are the cheaper option, at least initially and therefore is easier for the broker to ‘make the sale’. Stepped premiums are re-rated each year at renewal as per the client’s age and therefore the cost goes up. The older you get, the higher the increase is. The problem here is, that once you are in your fifties and even sixties, the cost of your insurance becomes so high that often clients are forced to either reduce their benefit or cancel the cover all together. This potentially leaves the client without the required cover at a time when they need it most.

Level premiums do not have age based increases and therefore do not have the dramatic increases in cost over time. In fact, the only increases in cost that you will have on your policy are due to CPI (Consumer Price Index – linked to inflation of between 3-5% pa) (and the sum insured will also increase each year by this amount) or general rate increases imposed by the insurer.

Level premiums give you the certainty of knowing what you will pay for your insurances up to age 65 in most cases. Once you are of age 65, the premium will revert to a stepped structure and therefore begin to increase each year.

As an example, a male aged 40 with $100,000 of life insurance will pay approximately $15 per month (depending on which company is chosen) initially and a total spend up to age 65 of almost $15,000. On the level premium structure the same person will spend initially $24 per month however up to age 65 the total cost is less than half at $7,000.

Initially there is the cash flow issue as you will be paying more than you need to, however in the longer term the cost of a level premiums structure will be well below what you would on a stepped premium.  

More information – visit www.lifeshield.com.au

Source by Life Shield

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Research has shown that almost half a million bicycles are stolen every year in the UK. That works out as one bicycles stolen every 65 seconds, almost once a minute.

The capital is most badly affected place with four out of the top ten highest risk areas found in London.

The average cost of replacing a stolen bicycle is higher than some may expect, at £337. With the frequency of bicycle thefts in this country and the high cost of replacing a stolen bicycle, insurance is something all cyclists should consider.

If your house is burgled, your contents insurance may cover your bicycle, but there may be snags. Some policies will only cover up to a certain price, so if you have a particularly expensive bicycle you should consider bicycle insurance.

Also if your bike is stolen outside of your home, it is unlikely that your contents insurance will cover your bike. Considering that 95 per cent of bicycle thefts are made outside of the home, individual bike insurance is a good idea.

Halifax Insurance have found that even if you lock up your bike when you are out and about, this may not be enough. According to their data, 86 per cent of all stolen bicycles were locked up when they were stolen.

Halifax head of underwriting David Rochester says “We have been looking into the frequency of bike theft for some years now and still we see no sign of a decrease in this crime. We encourage all who experience bike theft to report it to the police, otherwise they could miss the opportunity to make a claim.”

Halifax have a few tips to minimise your chances of having your bicycle stolen. They recommend using bicycle racks when locking your bike up and where possible locking your bike up in well lit areas.

They warn that when keeping your bike at your property or when it is not in use, to keep it locked inside either your house or an outside building. Make sure that wherever you store your bicycle, the door is always kept locked.

Halifax recommend using hardened steel U-type locks as simple cable locks are easily cut within minutes.  Other security devices such as anti-pry devices which cover the gap between the bike and the object it is secured to, preventing a thief from inserting a tool in the void and prying or twisting the bike free.

To protect you in the event that your bike is stolen, it is a good idea to register your bike at one of the bike ownership agencies, making it harder for the thief to sell.

Using an ultraviolet marker pen to write your postcode on the frame will help police to identify your bike if it is stolen, and return it to you.

If you write down the name model and serial number of the bicycle, you will be armed with all the details which the police need for their attempt to find your bike.

Taking photographs of your bike and keeping a note of extras will ensure that you can prove what kind of bike was stolen and will get an accurate payout from your insurance company.

Source by Carys Robshaw

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Life insurance with no medical is the easy way to buy life insurance. Younger people can get a very large amount of coverage without having to do a medical. People, in fact, can get some coverage up to age 65 if they are in favorable health. Some carriers limit the available amount to $250,000, others have a $500,000 limit. There are some life insurance companies that will even issue up to $1,000,000 on a non medical basis.

The people that really concern me are those who believe that life insurance can be issued without any medical questions. These people are now at a point where they are more aware of the value of life insurance. Usually the thing influencing their thinking is the fact that they are in not too good health. You may have loved ones you want to leave some cash for. The problem is that there is no worthwhile policy available with no health questions asked.

You can get life insurance with no medical exam but you must answer a few health questions. The company wants to know a little about your medical history. They want to know if you or any member of your family ever had any heart condition, diabetes, any liver or kidney problem or mental illness or any disorder of your blood vessels. They may ask if you ever had any disorder of the ears, nose, throat or mouth.

They ask about any shortness of breath, blood spitting or bronchitis. They want to know if you ever had asthma or bronchitis. Is there any disorder of muscles, bones or joints? Do you have any cysts or tumors?

In order for life insurance with no medical exam to be issued you will be asked for the name of your physician and when you last saw him or her. They want to know your age, height and weight and whether or not you smoke. They want to know whether or not you have ever been hospitalized and for what reason. What kind of diagnostic tests did you have done? Did you have X-rays done and why. There are other questions that the life insurance carriers may ask but these are the most likely ones. If any of the answers suggest that you could have a medical problem now or in the future the carrier may ask for a medical exam.

Life insurance companies offer policies on a non medical basis online or offline. You can get term life insurance, universal life insurance, or whole life insurance on this basis. The term policies issued online are usually 10 year term, 20 year term and 30 year term. Some carriers offer 5 year term, 15 year term as well as 25 year term policies.

This information is intended to assist you if you intend to buy life insurance. Thinking of getting life insurance with no medical? That is fine but you will need to answer a few health questions. With technology at the level it is today it is quite easy for the carrier to check your answers and issue a policy in as little as 15 minutes.


Source by Donald Lusan

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People go about getting car insurance lowest rates in different ways. Some contact their current auto insurer and request a lower price, others go online and compare auto insurance prices trying to find a cheap rate, and yet others walk the streets to visit the company offices. Which is best? Let’s have a look at each method.

If you intend to contact your current company and ask for a lower price you must be armed with some evidence or reasons as to why they should. Auto insurance companies are not philanthropists, in business to offer you the lowest car insurance rates they can to keep you sweet. They are in business to make money. They want to keep your premium price high just as much as you want the lowest rates you can get.

So what can you offer them? If you have had no accidents and no claims for the past few years, especially the last three, that is useful. If you have recently take an advanced driver’s course that could also help. If you mention you are considering changing auto insurers for one with a cheaper rate then that will help the most. So, by all means, approach your existing company since that might well reap dividends, especially if you are not really very keen to move away from them.

Next, go online and compare prices for the lowest rate you can find. For this you must compare apples with apples, so provide the same information to each company. There are many variables involved, such as the deductible (what you pay first before the insurance company), whether or not you want a collision waver, or comprehensive cover and what level of uninsured driver cover you want. That could be determined by state law, so check up the law pertaining to your state, or even country if you live outside the USA.

You don’t do this by asking each company individually, but by using a comparison site that has no axe to grind with any company. Once you have decided on the level of cover you want you can check the prices offered by the different companies. The comparison company will provide you with a truthful comparison and you can be sure that the car insurance low rates you are given are genuine.

Online comparison sites are good to give you hard facts, but these are standard prices for specific situations and levels of cover you are getting. They are a guide. Next go to the third option. You do not have walk the streets aimlessly seeking auto insurance offices, since you have the lowest three cheap car insurance rates. Now visit each of them personally, because that is how you are going to negotiate the lowest rate: face to face.

When you speak to people personally you have an advantage over those that communicate online. You have instant response and you can catch people off guard. You can come to agreements based on discussion rather than facts. It is much easier to get a lower price face to face than by email or any online form.

If you are honestly serious about finding discount car insurance, then you will go through each of these three procedures. You will first ask your current insurance company for their best deal given all the information you can provide. You will then go online and find the three lowest quotes you can, using the same information and then visit them personally.

Once you have negotiated the lowest cheap car insurance rates you can from them through face to face discussion, you should go back to you current auto insurer, and speak to them, again face to face. No emails this time, and no telephone. Look them in the eye and provide written evidence of the offer you have just been made and ask them to beat it.

Only then will you know the car insurance lowest rates you can possibly get, whatever company you decide to choose.

Source by Bren A. Kenny

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Actually what does term insurance mean? Before you purchase a term life insurance policy it is very important that you understand what it is. The word “term” means that there is a specific period of time that you are going to have coverage and when that period ends the coverage also ends. When the term has expired you will need to find a new insurance policy. In the insurance parlance, Annuitant is defined as a person who benefits from a pension or annuity.

The advantage of the annuity is that it provides a higher payment of the current value at the time of death. In case an individual dies before the policy period is over, the beneficiaries are the heirs who receive the accumulated amount of the annuity. The payments are subject to income and estate taxes.

There are some factors which affect insurance terms and rates- Date of birth is the important factor which is used to determine the annuitant’s age. If the annuitant is relatively young, the period of insurance will be long and therefore the premium will be low.

Another aspect that an insurance company looks into is the sex of the annuitant. Women generally tend to live longer then men for which the insurance company has to budget in a different way.

Which insurance is good for you? There are two type of insurance, first is term life insurance and second is whole life insurance. Term life insurance protects your family from outstanding debts including mortgage. If you are interested in building cash value over a period, then whole life insurance is the better option Please keep in mind that the longer the “term” policy is the more expensive it will be.

The insurance companies know this and use this information as one part of the equation in determining your insurance rates. We hope those people who for site where they can get good information about term life insurance quote online. To do it, you have to fill an information form online and submit it. No website selling your information to a bunch of insurance agents and thus you do not get bothered for weeks by multiple agents calling your house.

Source by Daryl Stewart

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Being unemployed can be a financial downside to say the least. You perhaps be dependent on a someone else to cover your day-to-day expenses such as as a home to live and food to eat. Health insurance policy is something that everybody needs and not enough people have available because of these additional financial loads. Any emergency such as a car accident or broken bone will call for sufficient medical assistance. What do you do when you don’t have insurance policy and cannot afford costly medical bills? If you’re out of work, you need to find out health insurance policy to forbid this from happening.

COBRA is a law in which many people could be entitled to remain on an employer’s health insurance policy even after they lose their employment. The most idealistic individual for this insurance coverage is someone who is between jobs and is not in need of long-term help. It can hold up at least a year to those who qualify, but the insurance premium money is still an expense that some unemployed persons may not be capable to take care of with their lack of income. If you are able to pay off the premium and are eligible, COBRA will also cover your spouse and kids who are dependant on you for insurance. The best way to find out if you could receive health insurance is to contact your local employer’s benefits department and fill out the required forms.

You could also shop around for distinctive health insurance policy. A lot of free Internet services are proven dependable by the Better Business Bureau Online. By talking with one of these insurance policy experts, you will be able to get assistance in finding the most inexpensive health insurance policy that will fit your specific needs. They know the rates of thousands of insurance companies and can fix you up with suitable coverage for your specific needs. If you have a spouse or kids, getting health insurance coverage is a necessity. Life is full of unpredicted events and you cannot guarantee that everybody will stay completely healthy until you have insurance policy again because accidents do happen. Getting an inexpensive insurance coverage rate on one’s own can be bothering. The experts at these companies are offering their assistance to you, often as a costless service. Whether you need to find out something short-term or for an extended period, they are qualified and committed to helping you.

If you find yourself unemployed at any time in your life, you are likely without health insurance. This can be a nightmare whether you have got a family or not because medical expenses can put you into debt rapidly. Fortunately, there are techniques of getting inexpensive coverage providers that can keep your health, as well as your funds, safe. A simple doctor visit can cost you significantly a lot of money than it would with insurance policy. Do not let yourself become one of the many people who are unluckily living life without appropriate insurance policy.

Source by Lauren Rose

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There are over Two million people of Indian origin residing in the United States and Canada.  This Indian expatriate community has grown over the decades and are in different professions.  Quite often their parents and other family members residing in India visit them. Parents traveling overseas from India to visit their children and grandchildren require Visitors Medical Insurance.

Health care is very expensive in these developed nations.  Calamities and pandemics across the globe are also common these days. For example the ‘Swine Flu’, can infect anyone around the globe.  The US has declared this a medical emergency, and it is a concern for all travelers to the US.  Parents, during their old age have to be careful about their health particularly when they are outside their familiar surroundings. They need proper medical insurance coverage as falling ill or getting injured is not predictable.

Parents Visitors Insurance is very crucial to defend oneself from financial crisis during a medical emergency. The availability of wide range of insurance products on NRIOL’ international insurance channel enables you to decide the policy according to your age group. Visitors Insurance Plans are distinguished as fixed and comprehensive plans.

Travelers in their 80+ age can also be covered under visitor travel insurance up to $50,000. Diplomat America or Diplomat Long-Term policy underwritten by AIG is two comprehensive plans available while Inbound USA and Inbound Hospital are two fixed benefit plan options. These plans are available for travelers irrespective of one’s age. Those who are in their seventies can get coverage up to $100,000 maximum, which is the highest value available for this age group.   Many other factors need to be considered before buying visitors medical insurance, including:

Fixed & Comprehensive plans: First factor to be considered while buying visitors insurance is to learn whether it is fixed or comprehensive.  Some of the insurers offer both fixed and comprehensive visitors insurance plans, while others offer one of these. In ‘fixed benefit’ each medical expenses has limited coverage. The premiums are low in this plan and also partial in coverage benefits. In contrast to this plan ‘comprehensive benefit’ is far more productive. Your multiple claims are settled to maximum limit as mentioned by the insurer you deal with. With comprehensive visitor insurance plan, the insurer would allow you to utilize entire policy benefit amount if necessary for the single illness.

Maximum Coverage:  Look for visitors travel insurance plans that has highest sum assured. Maximum sum assured for the insured depends on the insurance company he/she chooses.

Pre-existing Condition: the illness, injury or medical condition which existed at or during the two years immediately preceding your effective date is called as pre-existing conditions. Most of visitor insurance plans do not cover for pre-existing diseases but there are distinct plans like Atlas America Insurance which cover for pre-existing conditions for life threatening situations.

Deductible:  Deductible is one of the criteria while choosing visitor insurance plan. You may be asked to pay deductible ranging from $0 to $2500. The higher you pay deductible, less will be the premium. Determining how much you spend on health care you can decide whether to buy low or high deductible.

Renewability:  ‘Renewable’ policy allows the traveler to stay peacefully having the confidence that their policy will not expire before starting back to one’s home country.  Before deciding the policy as the best according to your needs make sure that there is possibility of renewing in case you prefer in future.

Terms & Conditions: every insurance company maintains its own terms and conditions. Consumers must be aware of the terms and conditions before buying. Keeping all these factors in mind evaluate different visitors medical insurance plans by various providers in NRIOL’s insurance channel.

Source by Anubhav

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You can provide something to your loved ones after your death with life insurance. The funds are provided by life insurance needed for the beneficiaries who can be your partner or your children. These funds will be paid off related to illnesses, mortgages and funeral expenses. Insurance is offered by AARP for the members through New York Life. You can buy term insurance for specific period like 10, 20 and 30 years. There will be steady premiums for this term. You can be able to purchase insurance with the help of AARP term insurance with which you can have coverage until age of 80. the coverage will expire at the age of 80. you can also have the choice to switch to permanent life  insurance through AARP.

 You can have variety of amounts in AARP term life insurance which can start from $2500 and go up to $50,000. You can choose coverage amount according to your needs and obligations. The premium will depend on your age, health, the amount of coverage you want and term of coverage. There will be no need to take medical exam with this term policy but you will to give answers of three health questions. You should be 50 years in order to qualify and have to be member of AARP. The spouse of member can get coverage at the age of 45. you can apply for this policy until age of 74 and coverage will not expire until age of 80.

 You can have great peace of mind with life insurance and this policy of AARP is designed to be flexible and affordable. It is good for you to sign up as early as possible if you are interested in this policy. You will have to pay lower premiums with younger age. There will be lower premium for the members when they get membership of AARP at the age of 60 for 20 years AARP life insurance policy as compared to the membership taken at the age of 70 with 10 years coverage. There will be less cost of insurance if you are younger. You will provide protections to your loved ones from different expenses with the help of life insurance.

 The payment will be made only after your death in term insurance. It can be used to make payment of any obligation or outstanding bills that are left when you pass. You must know that term life insurance and long term care insurance are not the same. The life insurance is very important part of good estate planning and personal finances. It is always good that your loved ones are provided and you have provided coverage to your partner. It is important for you to make preparation for finances of your family for the future when you are died. The AARP term life insurance will be complete solution for your family finances in future after your death. Therefore it is good for you to have AARP term life insurance.

Source by Land Jack

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Article – One Farmers Insurance Agents Experience Working for Farmers.

Copyright 2008 by Mr. Pickles

All rights reserved, including the right of reproduction in whole or in part in any form.

Right now you are debating whether to start a career with Farmers Insurance. You are so excited at the thought of owning your own business. What a wonderful opportunity. How can you start up your own business in America for almost no money? Your District Manager has told you and shown you that there is no better opportunity in America than a Farmers Insurance Agency to develop your own small business. And they will pay you a subsidy of up to $1,500 per month for expenses. What an amazing deal!

Please keep an open mind, and read for yourself what a former Agent of two years has to say about Farmers. At the end of this article I have links to documentation showing that I exceeded my quotas, was a hard working, successful Agent, and still ended up being let go from Farmers Insurance.

The Farmers group of company’s are actually a pyramid scheme, or Ponzi scheme, where only the District Managers and the heads of the company make money, the Agents just get knocked down, and I’ll explain to you how this happens.

Of course, their are a few Agents in each District that are successful and are making the six figures that your District Manager is promising that you will make, but these agents are only ‘show pieces’. Nine out of ten Agents work 18 hour days, sign up their network of friends and family, cold call for new business, then are eventually rooted out, having their clients that they brought to Farmers given to those few successful ‘show piece’ Agents, and the rest to the company itself (the District Managers). This is so the company does not have to pay the commissions to the Agents. This way the Farmers Company makes more money.

I’m sure your District Manager has told you, “after the first year, you’ll earn between $35-$50k, then it doubles after that, and then you’ll hit six figures after two or three years. After two or three years, you’ll be earning six figures, or close to it on renewals alone.” Please listen to me when I say that this is complete B.S.

Farmer’s requires that in order for you to convert from a ‘reserve agent’ to a ‘career agent’ that you sign up 30 or 40 clients (depending on your contract). These 30 or 40 clients are typically your friends and family, because they are the easiest people to persuade to sign up. Then once you turn to a career agent, you are told that the World can be yours. This is where the pyramid scheme begins.

For me, within three months, I had converted to a career agent and was doing great. I had brought in over $125,000 in New Business Premium to Farmers. Within’ six months I had brought in over $225,000 in NBP. I put 75 hours per week into my agency, and at the suggestion of my District Manager, I poured my life savings into my agency. The District Manager said that for every dollar I spent on marketing, I would get two dollars back with the Return On the Investment that I would be getting. Needless to say that this ROI was not true, and now I am broke and on the brink of declaring bankruptcy.

Just see how your District Manager reacts when you ask them about the ‘running to daylight numbers’ that you have to make. This quota is virtually impossible to hit, and if you don’t hit it, you owe back all of the subsidy that Farmers gave you! Farmers is a pyramid scheme because they get the business of your 30 or 40 friends and family that you signed up, then slowly squeeze the life out of you until you end up broke and have to pay them back.

I’m not just some dead beat who couldn’t hack it. As I stated previously, I have documented, proven track record of my sales. Farmers sets their agents up to fail. This way they make more money, because they don’t have to pay commission to the Agent. The only ones who get rich are the District Managers and the executives in the company such as Tom Hopkins.

Don’t walk away from becoming a Farmers Insurance Agent, RUN AWAY AS FAST AS YOU CAN. I swear in the end you will make more money flipping burgers at McDonalds.

I spent $2,000 per month on advertising at the suggestion of my District Manager, I hit my sales quotas and now I’m in debt to Farmers for over $6,000, and I brought in over a $250,000 in premium to them. In the end, I spent over $18,000 on trying to grow my agency, and now I owe Farmers $6,000! I think you would agree that this is not a ‘wonderful’ opportunity.

If you don’t believe me, click on this link below, and read testimonies of the thousands of former & current Farmers agents. This link connects you to the United Farmers Agents Association. Look around this forum. You’ll see what I’m talking about. Save yourself, your relationship with your family and your sanity and don’t join Farmers Insurance.

Here is the link to the United Farmers Agents Association. http://www.ufaa.com/phorum/read.php?1,1685

Here is the link to documentation that shows that did in fact hit my quotas and actually won a few awards for the amount of production that I brought in.


If you would like to read further, please purchase my book about how my debt, family problems due to the amount of time and energy I put into my agency, and the loss of my agency has lead me to thoughts of suicide. This book is NOT just for Insurance Agents. This book will help any small business owner who’s business has failed. You can find my book here:

It will be published within the next few months. It will cost $9.99 and $14.99. I am not sure yet on a set price. Please leave me a message on Articlebase, or email me at nibnub@gmail.com to pre-order your book. Thank you for your support. You will find comfort in this book, and this book will console you and be your support group that you can turn to each and every day.

Source by Mr. Pickles

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Let?s face it; there are a lot of unemployed people right now. Many people lost their jobs because of the so-called downsizing. A company may opt for downsizing to achieve profitability and growth targets. Other companies do it to survive; they try to do more with a less number of people. Companies do it to cut costs as well.

Because of this situation, the unemployed are at risk of losing their health insurance. Are there other options for the unemployed when it comes to health care?

Most people who are unemployed or those laid off from their jobs tend to ask these following questions:

– Are there health insurance options for me?
– Are there other insurance alternatives?
– Should I risk myself and my family by not having a health insurance?

Don?t lose hope yet. There are still options left for unemployed people like you. There is an affordable health insurance suited for the unemployed and some are even free. And never opt to have no health insurance at all, even if you?re healthy today. Who knows what might happen today or tomorrow?

Here are several options for unemployed people:

– if you?re in a group plan, convert to a non-group
– a short-term insurance
– your spouse? employer-sponsored plan
– get an individual health insurance
– check Medicare/Medicaid
– check local healthcare clinics

Consider the situation that you?re in right now. Then think about the options that you may have.

Most health insurance providers include ?conversion rights? for group health insurance plans. Though conversion policies are more expensive and offers limited benefits as compared to the group health insurance, this might be a good option. All you have to do is to get information regarding conversion policies.

A short term health insurance policy lasts for one to six months and can be renewed once. You can get this kind of health insurance if you?re expecting to find a job soon. This covers hospital costs, surgical/doctor?s care, intensive care, x-rays and laboratory tests and related expenses. It doesn?t cover pre-existing conditions, preventive care, immunizations, well-baby care, vision or dental. With this type of health insurance policy, premiums are low, application is really fast and coverage starts immediately.

Your spouse?s health insurance can also be used. You are considered as a qualified dependent as well as the children, if you have any. Be sure to check with the company where your spouse works, ask for information about the health plan which the company offers.

Individual health insurance policies are a lot more expensive than group health policies. Different insurance providers have different plans and benefits. Shop around before buying any individual health insurance policy.

Medicare is a program (national health insurance) for people sixty five years of age and older, or those who suffer disability. Medicaid is a program administered by the state which provides medical-care for individuals or families with very low incomes. You can apply for Medicaid if you have very limited resources and very low income, pregnant or disabled.

Local health-care clinics provide low cost health-care services which includes medical, vision and dental care. If you don?t qualify for the previous options mentioned, then visit your local health-care clinic.

It is greatly advised that people get a health insurance policy and being unemployed is no excuse. Having an affordable health insurance policy at the earliest possible time is the best thing to do.

Source by chris walker

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More often than not, consumers in CA like to go for group health insurance offered by their employers. However, all the business owners do not offer this facility. Moreover, all the consumers in CA are not employed. Some of them have their own business though at a smaller scale.

Entrepreneurs and micro business owners need self employed health insurance plans customized according to their needs. In fact, the concept of self employed health insurance plans is targeted to the individuals who run their own business. This could include retirees also who are looking to start their own business after the termination of their employment.

Consumers need to take care that unlike a group health insurance plan, self employed policies in CA will not include a share of payment from the employer. All the expenses will be borne by the enrollee itself.

Tips for finding a suitable self employed health insurance plan in CA

1.    Unlike a group health insurance plan, the cost will be borne by the enrollee. Therefore, the consumer should think of exploring wider option while buying health insurance plan.

2.    For self employed consumers, it is advisable to buy a plan that provides coverage for catastrophic or emergency medical needs. Such consumers can avoid buying a health insurance plan that provides coverage for basic medical needs.

3.    Consumers can think to buy a higher deductible health insurance plan in CA. This is very helpful if the consumers are enjoying very good health status, as the premiums will be on the lower side.

4.    Consumers should make sure that they have reviewed multiple health insurance quotes before buying any health insurance plan in CA. Understanding the terms and conditions is also very crucial.

5.    Consumers need to note that the price of a plan having same level of coverage can’t be different in CA. So, when they search for an affordable self employed health insurance plan, they should not fall in trap of pseudo cheaper health insurance.

If consumers follow these tips, buying a self employed health insurance plan becomes pretty easy for residents of CA.

Source by Shaun Mike

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Thousands of women with family histories of breast and ovarian cancer could pay higher insurance premiums or even be denied cover altogether under new proposals from the insurance industry.

The Association of British Insurers (ABI) is expected to lodge an application for permission for its members to ask women whether they have been tested for the BRCA1 and BRCA2 mutations.

The faulty BRCA genes are responsible for about five per cent of the 41,700 new cases of breast cancer and 10 per cent of ovarian cancers diagnosed in Britain each year.

If the insurers are granted permission by the Genetics and Insurance Committee (the organisation that advises the Government on the issue), women who have tested positive could be forced to pay higher premiums. Some companies may even refuse high value life or critical illness insurance.

A notice published on the GIC’s website said, “The Committee expects that the Association of British Insurers will submit in late 2006/2007 four revised and updated applications for the use of adverse results from predictive genetic tests of the BRCA1 and BRCA2 genes (breast/ovarian cancer) in helping to determine insurance premiums for life and critical illness insurance.”

At present, the only predictive genetic test the committee has allowed insurance companies to ask about is for Huntington’s Disease. This is because of the lack of environmental influences on its development.

However, across Europe, several countries have banned insurers from using genetic tests to decide premiums. Also, in 2005, a voluntary agreement to avoid using such tests by British insurance companies was extended until 2011.

Under this agreement, insurers can ask potential customers only about genetic testing results for Huntington’s Disease. However, they can only ask for the information for policies that are worth more than £500,000 for life insurance, more than £300,000 for critical illness and more than £30,000 a year for payment protection.

But the association’s genetics working party has indicated that it would like to bring about a change seeking permission to ask about two cancer genes and wants approval by the end of the year.

Approximately one in 850 women in Britain inherits a faulty BRCA1 gene. Those women will have a 14 to 18 per cent chance of developing breast cancer at some point in their lives.

Meanwhile insurers are not allowed to ask prospective policyholders if they have HIV, but they can ask them if they have exposed themselves to the risk of infection through unsafe sex or sharing needles.

An alliance of 45 leading charities, unions, scientists and lawyers have called on the Government to ban this genetic discrimination.

A study carried out by the charity Breakthrough Breast Cancer found 28 per cent of women with a family history of breast cancer said the would be deterred from having a genetic test if insurers had access to the results.

Source by Michael Challiner