Whether you’re an individual working from home, a specialist recruitment consultancy or a high street employment agency, in today’s litigious business world you can’t afford to be without effective recruitment agency insurance.

Recruitment is a high pressure environment. Having to win the business of clients as well as attract candidates and then make suitable matches is fraught with potential risk. You may not want to think about it but if you do, you’ll be able to picture the scenarios all too well…

A placement doesn’t work out for whatever reason. The client is aggrieved and looking for someone to blame. If they can pin the blame on you, they will.

And if they can allege negligence on your part – you failed to carry out adequate background checks on the candidate; your professional advice was flawed – then you could easily find yourself being sued. If the case goes against you, the resulting compensation award together with the legal fees could put you out of business.

Or imagine that a temporary worker you have placed with a client makes a mistake that results in significant financial loss or damage to the client’s reputation. Or one of your own ex-employees sues you for unfair dismissal.

Once again, without comprehensive recruitment agencies insurance – including professional indemnity insurance, public liability insurance and employers liability insurance – you could be facing costs you literally can’t afford.

Insurance for recruitment agencies has to be a necessity. The stakes are too high for you to view it as an option.

Not that recruitment agency insurance is just about risk management. Increasingly, companies are insisting that potential suppliers have the right insurances in place before tendering for their business. So it’s also an investment in your future growth.

To find out more about the recruitment agencies insurance you know you need, call 0161 833 2100. email info@agencyinsure.co.uk or simply follow this link.

Source by ammenda

A typical consumer has no idea as to how to determine if a particular insurance company will be around to make its financial commitments when it is needed.  They may rely upon the Department of Insurance, but many people do not even know how to contact them.  When a person is purchasing an annuity, usually there is a considerable amount of cash involved that will be sent to the insurer with the “promise” that certain amounts will be paid, and/or investments will be made on behalf of the annuity owner.  When an investor uses Certificates of Deposit for investments, there is the government guarantee of liquidity within certain limits, but with an insurance company a prospective client (or “investor”) would be negligent if they did not inquire as to the financial standing of the insurance company that has received their hard-earned funds.  They are not comfortable knowing that their funds are going to be co-mingled with assets of other annuity holders.  Variable Annuity funds are not co-mingled with the insurer’s funds, so owners of Variable Annuities do not have this concern.

A professional will carry information with them from at least one of the rating services giving the rating of the annuity carriers that he/she represents.  This information is available from most public libraries, and a professional adviser will maintain the necessary information so if they do not have them at point of sale, then can supply the client with this very necessary information immediately thereafter.  The client (investor) can also make inquiries of the financial planner, broker, or agent to find out whether he or she is dealing with a full-time, professional adviser.

The general areas that can be furnished to the investor by rating services are:

1.    company rating,
2.    claims-paying ability,
3.    annual statements, and
4.    the investment portfolio.

COMPANY RATING

Perhaps the best known of the rating services is A.M. Best.  Most agents have a copy of Best Agents Guide to Life Insurance Companies.  A.M. Best Company reviews the financial status of thousands of insurers and rates them on their financial strength and operating performance based on the norms of the life and health insurance industry.  The Best Company has been in business since 1899 and started rating insurers in 1906.  In 1934, Best stopped its alphabetical ratings (A+, A, etc.) and began a rating system based on general descriptions measuring the performance of each company in the areas of: competency of underwriting, control of expenses, adequacy of reserves, soundness of investments, and capital sufficiency.  

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Source by edward hulse

After being refused health insurance coverage:

· what can you do?

· what options are available to you?

· What are the common reasons for denial?

Should you be refused health insurance coverage for individuals as a result of pre-existing health conditions, contact other service providers for their offerings and rates. Not all companies use the same guidelines in their health insurance options nor do they all offer the same packages.

Do not assume that being refused cover by one company all other companies will follow suit. You can also contact an independent health insurance agent.

Look for health insurance companies that do not bother with questionnaires. You may even consider receiving minimal coverage for a small fee. Take this option only as the very last resort as almost any plan that has no medical underwriting can be considered disguised discount plans and will not provide adequate coverage.

There are some 29 states that have options named high risk pools. These plans were created for those individuals who were considered by insurance companies as too risky or the ones that can be classed as medical uninsurable.

These pools provide some form of health insurance cover to this class of individuals. With this type of cover, you will not be refused cover and you will also be with very large medical bills.

There are many disadvantages with this type of risk cover that should be considered before an individual decides to join.

Some states can terminate your cover should legislation be passed against the cover, the premiums are much higher than for other plans and when you move or start using Medicare or Medicaid, may become ineligible.

To find out more about the high risk pools or whether your state is among the 29 that offer this service, contact a health insurance broker in your state.

The 1996 Health Insurance Portability and Accountability Act (HIPAA) opened new doors for those individuals who were unable for whatever reason get health insurance. This act includes a statute that states that no individual who wishes to join a group health plan can be refused health insurance for any reason whatsoever. As such, should you join an organization that offers a group health insurance cover, you may not be refused health cover, except the eligibility requirements of the employer.

Some eligibility requirements which can affect you are the number of hours worked every week or the type of contract, salaried or hourly paid. Of special note is that you could still be refused health insurance cover for pre-existing conditions.

You can however still get cover with a pre-existing condition if you would have had continuous health cover for a period covering at least12 months.

This does not guarantee your cover, though. If there was a lapse (break) in your cover, the group coverage you are applying to may impose an exclusion period, during which. You will not be covered for medical expenses related to the condition. The insurer will not however pay any medical expense, including visiting the doctor, related to the pre-existing condition during the period the exclusion is in force.

The laws of HIPAA also state that health coverage for individuals’ health insurance cover, must have guaranteed issuance, i.e. everyone is approved and any pre-existing condition will be covered for anyone meeting 6 criteria.

These 6 requirements are a critical component of the laws of HIPAA that must be understood by all individuals who have preexisting conditions and have been refused standard cover.

From the information above, one can see that there are several ways through which you can get health insurance and how to do so even after being denied it. Seek and ye shall find!

Source by Jack Adams

Understanding UnitedHealthOne

United Health One is the brand name of the UnitedHealthcare family of companies that offer personal health insurance products, including Golden Rule Insurance Company and
United HealthCare Insurance Company, the underwriter or administrator of these plans. 
To learn about plan benefits and get a quote visit United Health One Insurance.

UnitedHealthOne is based out of Indianapolis and has sold family medical insurance for over 60 years. UnitedHealthcare’s individual line of business includes Golden Rule, PacifiCare, American Medical Security (AMS), MAMSI, Oxford Health Plans, and UnitedHealthOne. The group of companies provide more than 70 million Americans with health insurance. The United States network consists of 770,000 doctors and healthcare professionals.

Some of the UnitedHealthOne policies include the HSA 100 (Health Savings Account), HSA 70, the very popular Copay Select and Copay Saver, the affordable Saver 80 and Plan 80, and the easy to understand Plan 100. Deductibles range from $500 to $1000 and office visits from $25-$35 copay. Drug coverage ranges from a $15 copay for generics to a $35 copay for name brand prescriptions (see plan details for specifics).

With almost 17 percent of Americans, 47 million uninsured UnitedhealthOne offers several different plans to help meet the needs of the individuals and families who are looking for health insurance in America.

Unitedhealthone is also offering dental insurance and two unique plans. The dental premier and the dental value. Both plans have wonderful preventative coverage and are part of a PPO network. We suggest reading what other’s have to say at United Health One Insurance Reviews to learn more about UnitedHealthOne for individuals and families. UnitedHealthOne also offers medicare supplement policies and dental insurance.

Source by Bill James

According to the rankings provided by the United Health Foundation in 2009, Florida was rated 36th of the 50 states in the US. Being a large state, it is obvious that there are huge opportunities for increasing the impact of health insurance.

The main motive behind providing health insurance is to provide financial security during the event of illness or injury. By available health insurance policies through government-sponsored program or buying it from private insurers, consumers in Florida can enjoy financial freedom when they avail healthcare services for various needs.

Types of health insurance plans offered in Florida

Apart from State and Federal governments’ sponsored program including Medicare, Medicaid, etc., there is an option of buying health insurance from private companies. Like many other states, health insurance plans in Florida are offered to the residents in traditional format. These could be classified as:

1.    Individual health insurance
2.    Family health insurance
3.    Group health insurance
4.    Student health insurance
5.    Dental health insurance
6.    Low cost health insurance
7.    Low-income families health insurance
8.    Short-term health insurance
9.    Small business health insurance

Companies offering health insurance in Florida

Below is the list of health insurance companies offering health insurance to the residents of Florida:

•    Aetna

•    AMS
•    Assurant
•    Avalon Healthcare
•    AvMed Health Plans
•    Blue Cross and Blue Shield
•    Celtic
•    Cigna
•    Coventry
•    Golden Rule
•    Humana One
•    IAC
•    Solera Dental
•    Vista

Impact of the Affordable Care Act on health insurance in Florida

•    Tax credit will be offered to small business. Around 290,000 small businesses in Florida will be offered tax credits for offering health insurance to their employees.

•    Medicare beneficiaries will be offered help to defray costs. Around 271,000 Medicare beneficiaries in Florida will be automatically mailed a check of $250 to defray the cost of their prescription drugs.

•    Early retirees in Florida to be helped. 280,000 early retirees will be offered reinsurance options.

•    Uninsured Floridians with pre-existing condition will have a huge boost with $351 million federal dollars made available to Florida starting July 1 to provide coverage.

•    8.8 million Floridians will no longer have to worry about lifetime limits on the coverage.

•    Around 1.1 million individuals will not have to worry about getting dropped from coverage when they get sick.

•    Children in Florida will be able to stay with their family health insurance policy till the age of 26 years.

Source by Shaun Mike

Insurance companies continue to earn massive record profits, there’s nothing wrong with that it’s the free enterprise system at work, but people are being misled and ripped off. All insurance is not bad, in fact you’d be crazy not to have many forms of insurance, but that certainly doesn’t apply to dental insurance.

Homeowners insurance is something I’d prefer not to pay for, we’ve had it for about 20 years and never filed a claim, but what if your house burns to the ground? Let’s just say that your house is worth $250,000 and your homeowners insurance is $2,500 a year. If you pay for 20 years and never have a claim you’d be out $50,000 but if your home is destroyed could you afford to rebuild without insurance?

Insurance is for the most part designed to prevent you from suffering a catastrophic loss, and in our example the $50,000 you spent over 20 years looks like a bargain when your insurance company builds your new home for nothing. But not all insurance is created equal!

Dental insurance is a colossal waste of money. If you have dental insurance, you’re probably paying from $600 to $1,000 a year depending on a variety of variables, how many people in your family, deduct etc. So let’s say that you don’t use it for just 3 years. With an annual premium of $800 you would have paid $2,400 during that time and just like homeowners insurance you never filed a claim, but in year 4 you need some major dental work to the tune of $4,000. What happens now?

You probably won’t see this on the NBC Nightly News with Brian Williams but this my friends is the fleecing of America. Over 4 years you would have paid $3,200 in dental insurance premiums and you may be expecting your insurance company to foot the bill, but you’d be wrong. Most dental insurance sold today has a maximum benefit of $1,000 or $1,500, so guess who’s going to have to pay $2,500 to $3,000 out of their own pocket?

That would be you the fleecee, sorry, the person who get’s ripped off. Dental insurance has almost no value whatsoever which is why many insurance agents refuse to sell it. Homeowners insurance has value, so does car insurance and if you can still afford so does health insurance. They protect you from a devastating financial loss, but dental insurance doesn’t do that at all.

A brief history lesson, and I promise it will be brief. Back in the 60’s and 70’s when dental insurance became commonplace most plans had a maximum benefit of $1,000 or $1,500 which is the same limit that most dental insurance policies have today. The problem is that the cost when you go to the dentist has almost tripled.

Your insurance company charges you a lot more for less, and they raised your deductible too! So why is it that so many still have dental insurance? That’s a good question. Perhaps it’s because people know that they need to take care of their teeth but they just don’t know what to do. Now that you know that dental insurance is a ripoff, you don’t have to be taken advantage of anymore.

Source by Scott Miller

Many people who live in rental house or apartment don’t realize the necessity of renters insurance. And renters insurance sometimes can be confusing. The following are the basics of renters insurance to describe it in simple way.

Do I really need renters insurance?

Landlord’s insurance doesn’t cover renters belonging. Landlord’s insurance only covers the building that you live in; there is no coverage for your personal belonging. Most renters insurance offers full coverage to protect your possessions from flooding, fire, theft, vandalism and many other types of risk. Therefore, it is advisable to have a separate renters insurance to protect your belongings from damages and losses. Renters insurance even claims for the injuries caused to the people who visit your home.

Renters Insurance Coverage

 There are three kind of coverage provided with renters insurance:

• Renters insurance covers all your possessions from various disasters. It claims your possessions from damages or loses like fire, theft, accident, vandalism, windstorm, etc. Renters insurance doesn’t cover damage caused by earthquakes or floods. If you live in the places where regular floods or earthquakes occur, then you need additional insurance to cover those disasters. There are also limits on coverage for expensive items like jewelry, silverware and antiques.

• Loss-of-use coverage. If your residence becomes unlivable for any reason, most renters insurance will allow additional living expenses. Meaning that your insurance will pay for your hotel room and any others expense you may have if your residence become unlivable.

• Personal liability coverage. It will protect you in the event that you are sued due to an injury incurred by someone while visiting your place. It also covers related damage and relevant legal costs. The minimum for such renter’s insurance policy is usually $100,000 and will cover injuries or damage that is occurs while at your place or that is caused by you, your family or your pets.

How much coverage do I need?

You need enough personal property coverage to pay for all your possessions if they are destroyed, and enough liability insurance to cover all your assets if you’re sued. It’s a good idea to make a list of all of your possessions when purchasing renters insurance. On this list you should make note of the prices you paid for the items or their replacement cost and use the total value as your coverage amount. The total your assets (bank accounts, stocks, bonds, etc) and make sure you have enough coverage to protect them.

Renters Insurance Cost.

Renters insurance is actually inexpensive, especially if compared with homeowners insurance. The cost of your renter’s insurance coverage depends on many factors, like the place you live, your insurance company, your deductible, etc. It can cost as little as $16 a month for $20,000 worth of personal belongings coverage and $300,000 liability coverage. Your insurance company may offer a discount if you put safety measures like fire alarms, fire extinguishers or burglar alarms in your residence.

There are many online insurance website where you get various quotes from various insurance companies. However, the best place to get inexpensive renters insurance is at online insurance comparison website. You will get quotes from different companies by filling out a questionnaire with information about your residence and the amount of insurance you want. This even allows you to talk with professionals online and get answers to your questions.

Source by Liza Arwati

Having problems with the venue, vendors, weather, key people, sickness, or injury are the top concerns of couples when it comes to their wedding day. You will find there is a specified maximum amount, which can be claimed under each section, and also a deductible may also applies. Be sure to find out the details of your wedding insurance plan before buying.

• Venue: Check to find out if your ceremony and reception veue already has insurance. If it’s not, then your wedding insurance can cover the costs involved due to unavoidable cancellation (such as damage or inaccessibility to the ceremony venue), if your reception hall is unable to keep to your reservation due to burning down, electrical outage, or just closed down.
• Vendor – they no show to your wedding, what if your cater orother importna vendors fail to turn up, a wedding insurace policy willocver any cancellation or postponement arising.
• Weather: Any weather conditions that will prevent the grom, bride or any relative whose presence at the wedding is essential, or even if uests can’t make it due to adverse weather the insurance will cover rescheduling the wedding and all the necesssary details that come with it.ntal, and reception food.
• Sickness or Injury: Wedding insurance will also cover you if a key person, bride or groom become sick and are unale to atttend.
• Military or other Job: Military personnel may be shipped out to another country at a moments notice and wedding insurance cover postphonement due to  rde or groom getting called up to service. This may aso apply to your comany job to if for instance your compnay relocate and you need to move too.

What does Wedding Insurance not Cover…

• A change of heart  yeither party.
• Watches, jewelry, or semi-precious gemstones or pearls even if they are attached to clothing.
• Wedding rings may be covered by the policy but normally engagement ring is not.

You may Require Additional Coverage.

You may like to take out supplemental policies to defend against other damages incured by wedding-related items such as photography and gifts.

• Photography: Some insurance policies pay for you to retake the photographs after the fact if the photographer fails to appear or the original negatives are lost, damaged, stolen, or not properly developed. Some policies will pay to re-stage the event — with the principal participants so that pictures can be retaken. A policy may also pay for the costs incurred for rehiring a photographer, buying a new wedding cake, and new flowers, etc.
• Gifts: Regardless of how to wedding gifts are gven too you on the day, valuable items like gifts are something else you might want to consider insuring. Gift coverage pays to repair or replace non-monetary gifts that are lost, stolen, or damaged. You will have to submit a police report for any stolen gifts. The damage or theft is limited to a specific time frame as stated in your policy before or after the wedding in order for the coverage.
• Attire: This form of coverage pays to repair or replace the bridal gown or other special attire when it is in your possession and is lost, stolen, or damaged (including financial failure of the bridal store).
• Personal Liability: Personal liability covers injury or property damage caused by an accident that occurs during the course of the wedding.
• Medical Coverage: This covers reasonable medical expenses (up to the policy’s limits) for each person who is injured during the covered events from a cause of loss, which would be covered by your personal liability.
• Honeymoon: This can cost as much as a new car at times. But before you buy travel insurance to protect your investment, see if your credit card covers you if your luggage gets stolen, your trip is delayed, or you have to cancel it. Certain wedding insurance packages include optional travel insurance for your honeymoon.

Source by Simon Hemmings

The deregulation of the automobile insurance market in Massachusetts, USA has delivered an unexpected change welcomed by consumers: a decrease in the ever-rising home insurance prices.

Insurers competing for auto business for the first time in decades are lowering premiums on homeowners’ policies for consumers who buy both types of coverage from the same company. In recent months, some of Massachusetts’ largest insurers, including Arbella Insurance Group, Commerce Insurance Co., Liberty Mutual Group, and Norfolk & Dedham Group, have shaved 3 to 20 percent off homeowner premiums by offering bigger discounts on com bined policies.

Massachusetts Insurance Commissioner Nonnie Burnes said last week that she had hoped, in planning to deregulate the auto insurance system, that it would “force insurers to pay more attention to their homeowner rates.” She is pleased with the results so far.

Gregory Donovan, a Quincy real estate lawyer, learned that his auto insurer, Commerce, was offering a discount to customers who moved their homeowner’s policies to Commerce. Donovan’s Westwood home was insured by Travelers of Massachusetts, so he asked his agent to see whether Travelers could match or better Commerce’s deal.

For tips on shopping for homeowners insurance, see tomorrow’s Homes section.

Travelers offered the same pricing on car insurance for Donovan and his wife’s two Hondas. But if the couple gave the company their auto coverage, they would get about a $145 break on their homeowner’s policy, bringing the annual premium down to $1,085. “It’s just a no-brainer to combine them if you can save,” Donovan said.

Before now, homeowner’s insurance premiums have gone nowhere but up, rising 9.2 percent last year in Massachusetts, compared with 3 percent nationwide. Since 2000, homeowner’s premiums have increased 85 percent in Massachusetts, to $950 on average, compared with a 63 percent increase nationwide, to $826.

These premiums exclude 150,000 homeowners who buy coverage from the state’s insurer of last resort, the FAIR Plan. FAIR Plan’s rates increased 25 percent in 2006 and 100 percent since 2000.

For the first time in Massachusetts, homeowner’s premiums have surpassed the cost of a single automobile policy. Except for the FAIR Plan, premiums on homeowner’s insurance in Massachusetts are not regulated.

Auto deregulation, which took effect April 1, brought new competition to the long-dominant auto insurers such as Commerce. To fight back, large auto insurers began offering bigger breaks on homeowner’s coverage. Meanwhile, insurance companies with a large presence on the homeowner’s side needed to protect their existing business from poaching. So they are reducing homeowner premiums through discounts on combined coverage.

“If Commerce offers a big savings on the car, they’re going to suck the homes away,” from competitors, said Stacey Souza, office manager at G.V.&Y. Insurance Agency in Westwood

Timothy Hegarty, president of the Norfolk & Dedham insurance company, said his firm increased its homeowner discounts last summer by about five percentage points, to 10 to 15 percent off, in anticipation of auto deregulation; 15 percent is about a $150 savings on a typical policy.

“The catalyst was the change in the auto market – there’s no question,” he said.

In October, Arbella also increased its discount for homeowner’s premiums, from 15 percent to 20 percent. Arbella wanted to keep auto customers while expanding its homeowner’s business, said Andrea L. MacKay, vice president. A drop in claims by homeowners during 2006 also paved the way for reductions, she said.

Arbella’s larger discount reduced the average homeowner’s premium to $699, from $730 last year.

Other insurers that increased discounts include Liberty Mutual and Commerce, while Quincy Mutual Fire Insurance is awaiting state approval to do so. Some insurers are also offering discounts for combined policies for the first time, agents said.

Source by Sofia Abasolo

At present many people out there are opting to switch from a group health insurance plan to an individual health insurance plan. Well taking both of these coverage plans into account, it is more than necessary to mention that there are a lot of significant differences that exist between these two types of insurances and also in the way both of these cost. This article will help you gain an idea of the basic differences between the individual health insurance plans and the group health insurance plans. An idea of this distinction will make it easier for you to decide which one would be more suitable for you.

To start off, it is Group Health Insurance we will be talking about. This insurance coverage is supposed to be purchased by the employer or a business owner from a company that sells health insurance plans. All the employees who are responsible are entitled to receive the coverage as a part of the plan. The greatest advantage with these insurance plans is that these are a lot more affordable and cost effective. And that is precisely so as when buying these the small business owner enjoys the buying power of the entire group. Moreover, the insurer bases all the premium rates calculating the entire insurance amount that the whole group will use as a collective.

Nonetheless, when one buys an individual health insurance plan the premium is calculated not on the basis of a group but based on the individual alone. That is the simple secret to the individual health care insurance plans being so much more expensive. The individual health insurance plans are bought directly from the company and not through any employer. In this case it is the sole responsibility of the individual buying the insurance to choose upon the coverage that he will like to purchase either for himself or his entire family. Often the individual health care insurance plans also do not cover the expenses of the substance abuse treatments within the coverage.

Yet another viable difference between the individual health care plans and the group health care plans is that with the latter it is a legal binding on the insurance company to provide coverage for each and every individual who works for the employer who buys the plan. However, with the former the companies are not bound to provide the clients with a policy. This is a fact that can be very alarming for people who already have a few existing coverages. For instance, in case you suddenly lose your job you will realize that though you still are covered by the group health care plan yet it is becoming almost impossible for you to find an individual plan that would back you up. Hence the assurance factor is not that solid.

In some US states, the insurance companies are eligible to issue policies to all those individuals who already have a pre-existing plan. But these policies are issued only under circumstances of an exclusive provision. What that indicates is that no service will be provided for any of the pre-existing conditions.

Source by hellykain

In a country such as South Africa, with some of the highest crime rates in the world will not have anyone living here without being adequately insured. Insurance in South Africa simply remains one of the best ways to guard you and your family’s quality and way of life. It should not be seen as throwing money into an endless pit, but regarded as an investment. Preempting the challenges you as a homeowner face is the responsible way of going about protecting your investment. In a time where consumers find themselves in an uncertain economy with increasing living costs, to be faced with uninsured stolen or damaged property just does not deem thinking about, as many people wouldn’t be able to recover from taking such a knock. It is thus important to invest in adequate insurance to financially secure you and your family’s future.
Insurance companies are quite literally fighting for market share in South Africa, and for consumers’ valuable business. Some people may find it somewhat overwhelming sifting through all the hyped up promises of the various companies. Due to all the competition in the industry, players in the industry of insurance in South Africa have had to reinvent itself in order to remain competitive. This has been done through creating value added services to their product ranges. This has also become standard with most insurance companies nowadays. If your insurance company does not offer you value added services like household call out services or roadside assistance, you should seriously consider whether this company has your true best interests at heart.
There are numerous insurance products available on the market, which are geared at meeting the needs of a wide variety of clients. Life insurance policies act as insurance for an individual’s life. Insurance companies will pay out an agreed upon amount to the beneficiaries in the event of the insured’s death. This payout will be paid out to the beneficiaries either in an annuity, or in a lump sum. A limited explanation of medical insurance means that the insurance company will cover the cost of  the insured’s medical treatment. Disability insurance in South Africa is straightforward. In the event of a disability, financial support will be provided by the insurance company on a monthly basis if the insured is unable to work anymore due to injury or illness. Total disability insurance will payout should the insured become completely disabled. Other insurance in South Africa includes home,  vehicle, property and business insurance.

Source by Afi Post

Probability as it pertains to life insurance is misunderstood. In fact, our brains not well-suited to understand the probability of certain occurrences happening. We see this in our fear of flying and our embrace of driving for example. Maybe we don’t want to correctly analyze the probability of a catastrophic event occurring in an effort to somehow avoid it happening. Let’s look at probability and how we can protect against the unforeseen with term life insurance.

Our brains just aren’t built to correctly understand probability. There’s a very interesting book called “The Drunkard’s Walk” which delves into this mismatch. Unfortunately, probability is all around us and we need to protect ourselves and our loved ones from financial, medical, and other catastrophes are at their foundation, are based on probability. Let’s take an example to help correctly frame our understanding of the need for purchasing term life insurance.

There are three closed doors. Behind one door is a great prize and behind the other two, nothing. You are asked to choose one door. You randomly pick Door A (which remains closed). A host then opens Door C to show there is nothing there. You are then given the choice of keeping your current choice (Door A) or switching to Door B. What should you do? The answer is counter intuitively that you should always switch. Most people will assume the odds are 50-50 now between the two remaining doors and decide that there’s no reason to switch. That is incorrect and if you’re like me…it will take some time and a great deal of disbelief to understand why. Computer models have randomly run this experiment and show that Door A in this example has a 1/3 chance of being correct while Door B has a 2/3 change of being correct. That’s double the probability that the prize is behind Door B and you should switch. Why?? The probability that your original choice was correct is 1/3 in the beginning of the experiment. The probability that it’s incorrect was (and is) 2/3. Opening Door C does not change this initial probability. The fact that the host has revealed Door C just shifts the probability for Door B to 2/3.

What does all this have to do with the need for life insurance? One reason many people put off buying life insurance is their perceived sense of the probability that something will happen. We constantly hear “I’m healthy, I don’t need life insurance”. That’s now probability works. We all have a chance, unfortunately, of passing away early. Let’s face it…it’s scary. But that’s the issue…we must FACE it. When people hear statistics, they tend to assume they will be on the “good” side of fate. This is especially true when it saves them money each month on life insurance premium. It’s natural. Unless you have a “glass half empty” mindset, given a statistic that 4% of the people in your age band will pass away in the next 10 years, you mentally place yourself in the other 96%. I admit that I do it as well and I see the need for life insurance coverage every day with our clients! Our brains just aren’t well-adapted to the world of probability and risk. In the example above, everyone (translated EVERYONE) has a 4% chance of triggering a life insurance policy. It may seem like a small percentage…one we can safely avoid or sweep under the rug…but it’s still there. If it we’re 50%, the life insurance rate would be $500 instead of $50 monthly.

It doesn’t make sense to avoid this risk. The better move is to use a tool like affordable term life insurance to address it and THEN we can go back to the safe pastures of knowing we’ll be in the 96% (while addressing that nasty 4%). Let’s switch to Door B where the protection of term life and piece of mind awaits us.

Source by Dennis Jarvis

There are many variables to the cost of health insurance, but at the end of the day they all come down to three major factors, which are the degree of risks that an insurance policy will indemnify, the reputation and stability of the insurance provider, and, of course, the insured or the person who will avail of the insurance. Getting one shouldn’t be difficult these days. Insurance agents littered the market and they are more than willing to offer one. The government has instituted its own health insurance for the general public. Then, there are employers who make health insurance a part of its roaster of worker benefits, particularly if they are involved in jobs that pose real risks to their body.   

There are limitations to reckon with when relying solely on the health insurances that an employer or the government provides. Under such circumstances, it is quite common for policies to exclude family members, especially for single, unmarried persons with aging parents, because it means higher cost, whether solely shouldered or co-insured.  On the other hand, the government health insurance is limited to those who have been maimed or disabled, or to those who are 65-years-old and above. However, it is quite a different matter when a middle age executive is diagnosed with a chronic disease; one is neither disabled nor a senior citizen.

Proprietors, self-employed professionals, and even employees with the resources often have the free hand in choosing their provider in adding a personal or private health insurance. It is a better scenario to be in, because one can cover more risks, including those of the close relatives. This option is gaining credence these days, because if its flexibility and wider coverage, which after all, add to one’s peace of mind. People who require specific health care that the insurance of the employer cannot be covered can study quotes from private companies. There are cases when the preferred doctors or hospitals are not included in the list of accredited clinics. Private health insurance usually allows insurers to change the said list.

Given these benefits, however, the cost of health insurance from private providers is relatively expensive. Nonetheless, there are ways for the policy premiums to be more affordable. The first to consider are the terms of payment. The insurer has the option of paying it on a monthly, bi-monthly, quarterly, semestral, or annual basis. When unable to pay a high annual premium upon signing the policy, a person can go for a monthly, staggered basis. Inclusion of immediate family members can cost much, so, check to see if it is cheaper to just avail for them a separate policy.

Age and bad vices that compromise the health can bring up the premium cost. While there isn’t much that can be done to reduce the cost, people can still thank the lucky stars for the social health insurance that the government provides. Including one’s preferred medical practitioners and institutions can also drastically increase the cost. But it is outside of the premium though, so if it is not really necessary, it may be good to scrutinize the insurer’s list of accredited specialists and clinics. Visit these doctors and hospitals, particularly the ones that are likely to meet your health needs now and in the future.

Source by Adrian D. Strauss

After going through the questions and answers surrounding which life insurance plan to quote and purchase, many clients inevitably get to the question, “And how are you paid”. It’s sometimes delivered sheepishly or with a hint of suspicion but we feel it’s important to give you the full detail. We really do want this to be a relationship and part of that relationship is an understanding of how life insurance agents get paid.

The short answer is that we (being independent life insurance agents) get a commission when a policy goes into effect. The main take away for you as the purchaser of term insurance is that your rate will be absolutely identical whether you go through us, another agent/broker, or directly with the carrier. This is very important and usually leads to the question of how we get paid in the first place. There is no fee for our service. PERIOD. Think of us as travel agents. We do get a commission from the carrier when a person pays for his/her approved policy but it doesn’t affect the rate they will pay. If you go direct to the carrier, you will pay the exact same rate. Some agents work directly for a carrier which means they are not independent. They can only really show you that carrier’s insurance products. We are independent which allows us to shop nearly the entire market on your behalf.

Another important point which hopefully sheds light on where our interest lie is how much that commission is. The commission is pretty comparable from carrier to carrier so there’s no real advantage to going one direction or another. The commission does vary with the size of the policy and is based on the amount of premium. Life insurance commission tend to be paid quite a bit for the first year and then very little if any on the remaining years. Let’s get back to the “based on amount of premium” above. You’ll notice that we’re big fans of term life insurance (with dozens of pages across this website to prove it). One of the reasons we’re big fans (and also customers without sounding like a popular toupee commercial) is that it is so affordable. We think it makes the most sense financially for most life insurance needs. We could probably make a lot more commission in whole life insurance or other variations of that product but we don’t feel they make the most sense for our clients, not to mention ourselves. We’re a little leery of life insurance agents pitching and pushing other types of insurance that can be 10 times more expensive than term insurance available right here on this site. Maybe, there’s an advantage but I would need to be convinced that the advantage is for the client (and not the broker and/or carrier).

So, the net take away is that we would probably be selling other types of life insurance if our primary motive was to maximize commission. Term life can be extremely inexpensive which is why it makes so much sense and also why some agents avoid it. Not us. What exactly do we do for the commission we earn? We’re glad you asked.

We help our clients through the entire life cycle of the term policy. First, we provide multiple strong carriers up front to quote against each other so that you can find the best rate. We can get your application started with a 10 minute phone call with one of our agents. We track the process through underwriting to make sure your application moves through smoothly. We assist with the entire issuing and receipt process to make sure your policy does not lapse before it’s in place. Finally, we continue to be a point of contact throughout the life of the policy to investigate options, rates, and changes that may benefit you as the policy holder. You are essentially receiving a trusted third party at no additional cost to you. It’s nice to have someone on your side when dealing with the large life insurance companies and the many different options available on the term insurance market.

Source by Dennis Jarvis

Most people don’t understand that it is crucial that you have some form of life insurance in case you die. There many types of life insurance available to you but you need to compare what policies fit your needs the best. There is a lot of cost involved when you pass away and it is important that you have enough money to cover these costs. Life insurance can give you the money you need to take care of all funeral arrangements and other needs that need to be met. When searching for life insurance you will find that every dollar amount has a different monthly premium that you will have to pay. Make sure you find a plan that fits into your monthly budget.

Find: Discount Life Insurance

We all hate to think about dying but it is a fact of life so make sure you have insurance you need when the end comes. It is hard for most people to save a lot of money so that their children will have enough money to cover funeral costs. The best way that you can do this is to find a great life insurance plan that gives you the money you need. It is important that you also speak with your children and let them know what type of life insurance you have. This way they can feel comfortable that if something happens to you they will have the money it takes to give you a proper burial.

Buy Cheap: Life Insurance

Remember having a good life insurance plan is important for you so that your children are covered at the time of your death. There many plans that you can choose from but make sure you find one that fits into your monthly budget.

Source by Bryan Burbank

Life insurance isn’t just for the breadwinner; it’s a very necessary product for parents who care for their children on a full time basis. Can you even begin to think of how your children would be cared for if you were no longer around to look after them? It’s not just basic child care but the running of the home. The school runs and visits to the dentist and so on – not to mention the times when children are not well and need that little bit more care. No-one like to think about this, but surely we all know of a family that’s been devastated by the death of a parent.

Mums are valued at an unbelievable amount – but then they do an unbelievable number of hours, too. A recent survey reckons they’re worth almost 33,000 pounds a year. That’s the amount that would be needed to get someone else to do all the domestic chores and childcare that Mums do as a matter or course. So, if the breadwinner and chief wage earner being covered by life insurance is a sensible idea, why not the person who runs the home and looks after the children? It seems that nearly 50 per cent of these Mums have no insurance cover whatsoever.

Apart from traditional life insurance, where a lump sum is paid on the death of the person insured, there are other schemes to consider. Family income benefit costs rather less than life insurance, due to the way its run. Benefits can be linked to inflation to keep up with rising costs. On the death of the insured a monthly or annual amount is paid out, through until the end of the term of the insurance.

This would cover the costs of childcare should the worst happen, but critical illness cover or income protection insurance would be an excellent way of arranging cover is the chief carer became ill or was involved in an accident and was not longer able to look after the home and children. Typical critical illness cover is designed to pay out a lump sum on a person’s death or on being diagnosed with a critical illness during the term of the insurance. The amount of cover is fixed for the duration of the policy.

The illness covered by the scheme would be clearly set out in the policy document and if were diagnosed with any of these illnesses you would draw a lump sum. This could be invaluable for child and domestic care and any expenses suffered during your illness. You may need alterations to your home, too, to enable you to cope in the event of disability.

The other product which could be invaluable is an income protection policy. Although primarily designed to ease financial pressure if you were unable to work because of sickness or injury, it can also be used in the case of stay-at-home parents. Typically it will provide a monthly payment of up to 80 per cent of your income if you’re incapacitated due to illness or have been injured to the degree that you’d be unable to work.

As any parent will tell you, bringing up children is a job in itself. In the case of a stay at home Mum, or even Dad, life would be very different if they were unable to fulfil the role. It’s very well worth looking into what types of insurance are available and then you can ensure that this care can be continued as far as possible, without the added worry of financial matters.

Source by Michael Challiner

Along the east coast, we are approaching hurricane season.  Hurricanes pack a triple punch: high winds, drenching rain, and flying debris. They can create havoc to coastal areas with heavy rainfall, which causes flooding sometimes hundreds of miles inland. While all coastal areas are at risk, certain cities are particularly susceptible and could have losses similar to those caused by familiar hurricanes Katrina and Andrew. When hurricanes weaken into tropical storms, they produce rainfall and flooding that can be especially dangerous, since the rain collects in one place. In 2001, Tropical Storm Allison produced more than 30 inches of rainfall in Houston in a matter of days and flooded over 70,000 homes.

Here are a few flood facts that many people do not know:

• Floods are the number 1 natural disaster in the United States.

• In 2007, some flooding occurred in all 50 states.

• New land development can increase flood risk.

• 25% of insurance flood claims come from low-to-moderate risk areas.

http://www.floodsmart.gov/floodsmart/

Anywhere it rains, it can flood. A flood, by definition, is a general and temporary condition where two or more acres of usually dry land or two or more properties are inundated by water or mudflow. Floods can happen any time of year, from a wide range of sources. Contributing events are heavy rains, melting snow, poor drainage systems, and hurricanes.  However, all floods are not alike. Some floods develop slowly, and some develop very quickly without any visible signs of rain.  

Everyone lives in a flood zone regardless of what the map states.  Just because you haven’t experienced a flood in the past, doesn’t mean you won’t in the future.  Flood risk isn’t just based on history; it’s also based on a number of factors: rainfall, river-flow and tidal-surge data, topography, flood-control measures, and changes due to building and development.

How can flood insurance protect you? Flood insurance helps to protect you from the financial devastation caused by floods. A few inches of water can cause thousands of dollars worth of damage. Flood insurance can cover both your home’s structure as well its contents. Damage caused by floods is not covered under a standard homeowners policy. Also, there is a 30-day waiting period before a flood policy takes effect, so don’t wait before it’s too late.

Source by Carla Edwards

What exactly is “no questions asked term life insurance and how to go about life without doubt a moment?” ‘This kind of policy a reality?

People all over the United States are beginning to ask more and more industries from life. One of the main types of plans of work for just about everything is that the term Life Insurance. However, it is importantto understand that people may not benefit from this type of life insurance policies or because he has a health condition, only because they are perceived as too old. For these people, we have good news! Some life insurers have developed a type of insurance called life no questions asked Term Life gives everyone equal opportunity to be the same qualifications.

What is TermIn life insurance there are questions?

Before the entry into force of the discussions on a policy without question, the insurance is important to highlight the most important part of the plan and everything that life insurance term life policy will be made, the. Refers only as a contract for a certain period of time between an insurance company and insured. The contract provides only that the person will be paid fora specified period and with a death benefit in September

This simply means that a person who wants to buy time needed life insurance to meet the full amount that he wants to purchase the policy (which are very different and some are $ 200,000 and $ 250,000) and the time specifically that they want to be covered (most companies offer all 15 to 30 years). It ‘important to note that in this kind of political death,Benefits to the beneficiary is not guaranteed because the insured could still live after the fixed value set by the directives.

What does the policy without asking questions in a term life insurance?

A No Questions Asked Term Life Insurance Company can be distinguished by businesses. Most of the compliance with its policy as a reference without asking questions if they ask only to give customer just some informationtheir past medical and not very detailed. This can be very useful for people this age are insured and try to seek a kind of insurance or benefit from the fact that their families and the financial burden they go after death des

It ‘important to understand that even with this type of personal insurance, life insurance companies have some questions about their health in the majority. Thissimply “no questions asked Term Life Insurance, because the process of getting the query and always made a policy, it takes much less than others.

There are many life insurance companies that offer this service because they know that although the risk associated with age reassure people, they are still money in the long run. It ‘important to understand that the “risk” for insurance as a person agedyounger than insurance, most insurance companies pay a higher premium each month, so people will be covered. Whatever your situation, always, to make sure that all the choices before actually choose the best designed for you.

Shopping For No Questions Asked term life insurance

You could do one of the most difficult things simple, because not all companies offer this type on the market the term life insurance. There are two possibilities, however, you should be able to find your store and actually have happened, no questions asked Term Life Insurance policy, which fits the best.

One option you have is your local Yellow Pages and call businesses in your area get to see if they offer the service. After noting that some offer the opportunity to obtain an application without> Life Insurance Policy Just then they go and see for yourself. Once you are in front of the agent, just ask the things you need for clarity on the issue. While in the process of recovery rate to see everything around you, and how society functions. Customers are satisfied? I am aware agents? After finally mentions of various companies, businesses can compare and choose the best yourNeeds.

The other option available to you looking for a no questions asked Term Life Insurance policy is to do it online through the comfort of your home. When you can use immediately called sites online insurance comparison sites, you can simply fill your details. After doing this, that information is customized with a wide range of companies and can get quotes from dozens of companies.

Making a CaseAnd ‘certain that the site is independent for more accurate quotes. When you use the Internet, you can also visit some of the official websites and check out life insurance, see if they plan to offer no questions asked. The problem with this method is that you and remember to fill in every single company websites, but if you have time, then this might be something to explore.

No questions asked life insuranceThe policies are out there!

It ‘important to understand that, as a growing demand for life insurance companies have started to create products to attract more customers. The no questions asked Term Life Insurance Policy death have been created specifically for people who want to be one of the unexpected fall in the event, but for some reason not in a normal life. Although this type of policy tend tobe a bit ‘more expensive than others, it is important to understand that it is better than cure. So go out there and your no questions asked Term Life Insurance Policy now while you can!

http://www.affordabletermlifeinsurance.goodarticlesite.com/no-questions-asked-term-life-insurance-instant-life-insurance-how-to-get-no-questions-asked/

Source by Stone

As an employee, entrepreneur, or student, do you have medical insurance, also referred to as health insurance? If yes, then you are among the lucky few since not everyone is covered. To take advantage of your health insurance cover means going to the doctor whenever you need to, including whenever you need to have tour acne treated.

It is believed that treating acne by a doctor is very professional as the treatment is carried out by trained healthcare physicians, as well as by many dermatologists. Primary care physicians, also called family physicians, deal with their patients on a regular basis while dermatologists as healthcare professionals, treat specific skin conditions.  Depending on the type of skin condition in question, most dermatologists treat patients as the need arises.

Having your acne professionally treated is awesome. On the other hand, it can be quite expensive to have your acne treated by a doctor or a dermatologist depending on where it is done, that is unless you have health insurance. Health insurance should or is always provided your employer. If your health insurance is not provided, then you may have purchased it on your own. Whether you outright pay for your own health insurance or not, there is a good chance that it covers acne treatment.

Although there is a good chance that your health insurance covers acne treatment, it is still a good idea to confirm by contacting the health insurance company using the customer service number on the reverse side of the health insurance card. Calling that number should ensure your speaking with a representative who will outline what services are and are not covered by your health insurance.  Apart from calling the company representative, same information can also be obtained online through the websites of health insurance companies. Those online websites can, in most cases, be personalized to include information on your coverage plan.

The dermatologist or healthcare provider should also be contacted to confirm whether or not the doctor of your choice accepts your insurance. This is by simply contacting your dermatologist or primary healthcare provider as regards the acceptability or not of your insurance coverage at their office.

Source by oladeni ayoola

The unemployment rate is projected to rise in the coming year.  We have not yet seen the bottom of the hill we are sliding down.  With mass layoffs at large companies, and smaller layoffs with small local businesses, no one is certain of their employment. 

There is something that you can do to personally prepare for the event that you will become unemployed in the future.  Just about everyone has some sort of insurance, whether it is life insurance, health insurance, mortgage protection insurance, critical illness insurance or auto insurance.  We all like to be protected from the unexpected or traumatic things in life.  Why is it that most people don’t have protection from unemployment?  Each State has an unemployment insurance most employees qualify for in the event of a period of unemployment, but the benefits are far from adequate to maintain your finances while you search for a new job.  The average unemployment check is only about $300 a week, and the average length of unemployment is about 16.5 weeks. 

Keep your family and your finances protected from unemployment with an unemployment protection plan.  Most plans pay a cash benefit to the member of between $1000 and $2000 per month of unemployment.  This is in addition to the state unemployment benefit that you qualify for.  Supplemental unemployment insurance can give you the cash that you need to pay whatever you see fit, from your mortgage to gas and groceries.  Look for a plan that pays you directly, and not something that just protects and pays your lenders as most plans do. 

For more information about Unemployment Insurance and protecting yourself financially from a job loss visit The Salary Guard at http://www.TheSalaryGuard.com.

Source by Nathan Evans