tag:blogger.com,1999:blog-378131272024-02-19T21:52:05.776-08:00Matt Katz Insurance plansLevihttp://www.blogger.com/profile/07262079267005441740noreply@blogger.comBlogger136125tag:blogger.com,1999:blog-37813127.post-35931167210132645892008-07-23T16:14:00.001-07:002008-07-23T16:14:21.296-07:00In Business For Yourself? Better Look Into Disability Insurance<div xmlns='http://www.w3.org/1999/xhtml'><p> If you're in business for yourself, either alone or with just a few employees, a long-term disablement can easily intend bankruptcy or could even jostle you into homelessness.</p><p>The lone manner to protect yourself from these possibilities is with disability insurance. But there are three types and you need to cognize the differences.</p><p>The sorts of disablement insurance</p><p>There are three sorts of disablement insurance available. The first of these is Own-Occupation Disability Insurance. This is the lone type of insurance that makes not punish you for going back to work in a different business while on a claim.</p><p>Why can this be important? If you go handicapped and are like most people, you not going to desire to just sit down around the house for many months. So, with this type of insurance, you could travel back to work in some occupation where you are not totally disabled.</p><p>The second type of disablement insurance is called Income Substitution Insurance. This have go the most common type offered by insurance companies today. This type of insurance will punish you during a claim if you make up one's mind to travel back to work or earn another beginning of income.</p><p>The punishment usually takes the word form of a decreased monthly check as the insurance company will offset some of what it owes you based on your other income.</p><p>The worst definition</p><p>The 3rd type of disablement insurance is Gainful Occupation Coverage. This is the worst sort of disablement insurance because it defines disablement as because of illness or injury, you are not able to execute the stuff and significant duties of your occupation, or any occupation, for which you are deemed reasonably qualified by education, preparation or experience.</p><p>The problem with this definition is that it is too subject to interpretation. What you believe you are reasonably qualified to make by education, preparation or experience could be far different from what the insurance company thinks. It's doubtful the insurance company could make up one's mind you're qualified to travel back to work flipping burgers but, at least theoretically, this could happen.</p><p>If you're in business for yourself, you need disablement insurance. But don't do the error of purchasing the cheapest available. Shop around before you purchase to do certain you're getting the best value. You might happen you can afford the Own-Occupation Disability Insurance and that's, by far, the best option.</p><p> </p></div>Levihttp://www.blogger.com/profile/07262079267005441740noreply@blogger.com3tag:blogger.com,1999:blog-37813127.post-79698636352431572292008-06-10T23:32:00.001-07:002008-06-10T23:32:54.630-07:003 Ways Your Health Insurance Company Is Scamming You<div xmlns='http://www.w3.org/1999/xhtml'> <p>Stock Photo </p><p>The growth figure of consumers taking up wellness coverage programs have led to the mushrooming of cozenage wellness coverage providers. These suppliers often aim new people and the aged people and small-business owners, who can't negociate better rates with legitimate insurers. Be very cautious before you put in any wellness policy. Read on to acquire an thought about 3 ways in which your wellness coverage company can cozenage you. Failure to pay claims<br /></p><p>Usually fraud wellness coverage agents mark up a immense figure of people quickly by offering them moneymaking deals. These coverage suppliers maintain paying little insurance premium amounts and medical claims, but if there is a significant claim amount or regulators catch them, these illegal companies disappear as if they never existed. </p><p>So, just mind if you are getting delayed payments or your service supplier is offering sham alibis for the failure to do the payments. If you have got signed up for these illegal plans, you may be apt for the medical measures of your employees as well. Non-licensed wellness plans<br /></p><p>If the company from which you have got bought your health attention policy is not licensed by State Insurance Commissioner, you can be in trouble. If all the protections of coverage ordinance make not use on your service provider, then the company may be phony. In this lawsuit your service supplier is scamming you by merchandising non-licensed wellness plans. </p><p>Insurance agents are not allowed to sell any legitimate ERISA or labor union program as federal law governs them. So, if your coverage agent seeks to victim you by merchandising an "ERISA" or "union" plan, study them to your state coverage department. Unusual insurance offered at less rates<br /></p><p>If you are offered an unusual insurance irrespective of your wellness status and that too at less charge per unit and much more than benefits in comparing to other insurers, its clip for you too hit the terror button. Bash not acquire fooled by the moneymaking offer, else you can be taken for a ride. The âscamsters' purpose to accumulate immense amounts as early as possible so, they seek to sell upper limit figure of policies at attractive prices. </p><p>By: Toilet Castanella urges that you see for an online wellness coverage quote. </p><p>Health Insurance Information<br /></p><p>Send This To<br /> </p> </div>Levihttp://www.blogger.com/profile/07262079267005441740noreply@blogger.com0tag:blogger.com,1999:blog-37813127.post-33858838168255549422008-06-03T17:19:00.001-07:002008-06-03T17:19:47.546-07:00New Long Term Care Insurance Options- Hybrid Ltc Policies<div xmlns='http://www.w3.org/1999/xhtml'> <p>Stock Photo </p><p>Until recently, consumers had few picks when it came to long term attention insurance. Traditional policies, which provided a certain amount of selected coverage, were the norm. Policies could be designed to cover attention disbursals for a few months, or much longer, even providing benefits for the insuredâs lifetime. </p><p>For example, consumers could buy insurance that would supply $100 a twenty-four hours in benefits for a time period of three years. When calculated, the $100 day-to-day benefit multiplied by 365 old age in a twelvemonth for 3 years would make a $109,500 âpool of moneyâ available for care. This pool of money would pay for attention in a nursing home, assisted life facility, grownup twenty-four hours care, or in the personal abode of the policyholder once certain criteria had been met. </p><p>When the pool of money was depleted, the traditional policy would supply no more than benefits. However, if the policy was never used, the proprietor would lose the investing of his or her insurance premium payments. Thus, some seniors opted not to buy these policies, deciding instead to trust on their households or current nest egg in the event that attention became necessary. </p><p>With the cost of wellness attention rising rapidly, and a single twenty-four hours in a nursing place costing $175 or more than in major cities, ego insuring is a hazardous proposition. Relying on household is an alternative, but not necessarily a feasible one. Unfortunately, most households make not have got the time, resources or ability to supply around the clock attention to a loved one. </p><p>Return of Premium Policies<br /></p><p>The coverage industry realized that consumer necessitates were not always being met with long term attention policies. While traditional policies were satisfactory for some, many others wanted more than warrants in the event their policy was never used. Thus, these traditional policies added a âreturn of premiumâ rider. If the policy was not used over a set clip period of time, state 10 years, then the coverage company would go back a part of the insurance premiums to the policy proprietor or a household member. This, like any other rider, came at an further disbursal to the purchaser. </p><p>Hybrid Long Term Care<br /></p><p>In response to client and agent demand, coverage companies have got designed what can be best described as crossed or linked policies. These policies compound the benefits of an rente or life coverage understanding with a traditional long term attention contract. With crossed policies, the consumer have the warrant of long term attention benefits or, if no attention is needed, the promise of coverage benefits to themselves and their beneficiaries. </p><p>Hybrid policies work in respective ways. One policy golf course long term attention to a life coverage policy. With this plan, the insured sedimentations a set insurance premium into a policy. Depending on the age, grammatical gender and wellness of the client- Associate in Nursing contiguous pool of money is created for long term care. At the same time, an contiguous decease benefit is created in life insurance. Take, for example, a healthy 65 twelvemonth old non-smoking adult female with $175,000 in liquid assets. </p><p>If she lodges $50,000 into this account, approximately $87,000 in long term attention benefits would be created immediately. There would also be a decease benefit to her donees of approximately $87,000 created from the life coverage constituent of this account. At an further cost, she can choose a benefit rider which would supply approximately $260,000 in long term attention benefits as oppose to the original $87,000. In this example, she have warrants on her investing as well as protection from the high costs associated with a nursing place stay. In addition, she would still have got $125,000 in assets at her disposal. </p><p>Long Term Care Annuity Examples<br /></p><p>Another illustration of these combination policies golf course long term attention benefits to a single insurance premium deferred annuity. This merchandise gets as an rente with either a hunk sum of money sedimentation or structured sedimentations made over time. If no attention is needed, the rente additions involvement operation like any other fixed annuity. But if the owner/annuitant necessitates attention in a nursing place or elsewhere, a expression will be used to find the amount of the monthly benefit available to the client. </p><p>Taking the illustration used earlier, a healthy 65 twelvemonth old adult female who deposited $150,000 into this business relationship would have got the advantages of tax-deferred, safe growing in the rente and approximately $4,700 a calendar month of long term attention benefits for 36 months. At an further cost, a benefit rider added to this policy would supply the $4,700 monthly benefit for her lifetime. On these types of policies, the further benefit rider is usually a wise purchase in order to obtain upper limit guarantees. </p><p>The newest improver to the loanblend marketplace is the long term attention annuity. This merchandise also mathematical functions exactly like a fixed annuity, but have a long term attention multiplier factor built into the policy. There is no insurance premium rider attached to this medically underwritten rente policy. Instead, a part of the internal tax return in the contract is used to pay for the long term attention benefit. Long term attention insurance is calculated based on the amount of insurance selected when the policy is purchased. </p><p>The coverage company offerings a payout of 200% Oregon 300% of the congeries policy value over two or three old age after the rente business relationship value is depleted. For example, a policyholder with a $100,000 rente who had selected and aggregative benefit bounds of 300% and a two twelvemonth benefit factor would have got an further $200,000 available for long term attention disbursals after the initial $100,000 policy value was depleted. The policy proprietor would pass down the $100,000 rente value over a two twelvemonth time time period and then have the further $200,000 over a four twelvemonth period or longer. In this illustration the contract pays $50,000 a twelvemonth for a lower limit of six years, but attention will endure longer if less benefit is needed. Again, if long term attention is never needed the rente value would be paid out hunk sum of money to any named beneficiary. </p><p>These scenarios are only basic illustrations of how crossed policies work. That is to say, the insurance will be different from individual to individual depending on age, health, gender, insurance premiums and benefits requested. In order to acquire an accurate proposal, an illustration would be required from the coverage company. These advanced merchandises can ran into consumer demands and supply more than warrants by combining traditional long term attention coverage with the advantages of life coverage or rente policies. Thus, consumers who use crossed policies can avoid self-insuring against ruinous long term attention related disbursals and have got the peace of head associated with a comprehensive plan. </p><p>By: See Plan<br /></p><p>A.M. Hyers have been working in the coverage and investing industry for nearly 10 years. He have and runs Buckeye State Insurance Plan, an independent coverage federal agency doing concern in Ohio, Show Me State and Georgia. </p><p>His federal agency offerings merchandises to individuals, households and any size employee group. They utilize the prima national coverage bearers to offer quotes, illustrations and relevant information on life insurance, wellness coverage and HSA accounts. They also offer disablement and long term attention insurance as well as rente policies, Medicare addendum programs and Medicare Part Vitamin D coverage. </p><p>Visit them at: </p><p>Long Term Care Insurance Information<br /></p><p>Send This To<br /> </p> </div>Levihttp://www.blogger.com/profile/07262079267005441740noreply@blogger.com0tag:blogger.com,1999:blog-37813127.post-15553908617635350222008-05-25T16:08:00.001-07:002008-05-25T16:08:10.940-07:00Term Life Insurance: The Differences Between Term and Whole Life Policies<div xmlns='http://www.w3.org/1999/xhtml'><p> Life Insurance quite generally is a policy whereby you pay a company a insurance premium so that if you decease while covered your descendants have financial benefits. Within the larger Life Insurance window there be two wide classes of policies, Term and Whole life (Whole Life is also known by the equivalent term Universal Life Insurance). Term Life is exactly what its name implies, valid lone for a certain clip period of time, whereas Whole life endures the continuance of one's life.</p><p>Price Differences</p><p>Because Term Life have a structured beginning and end, typically from 1 to 30 years, it is normally quite a spot cheaper than Whole Life. That is because under Whole Life it is assured that the insurance company will eventually pay out (as we all eventually die). Under Term Life, however, there is a very good opportunity that you will dwell through the time period of the policy and thus the insurance company can simply take your insurance premiums without ever having to pay out anything.</p><p>Benefits Differences</p><p>Another of import differentiation between Term and Whole Life is the fact that at the end of the Term Policy, the policyholder is left with nil but his ain health. On the other hand, with a Whole Life Policy the insurance company often takes a part of the insurance premium and topographic points it into a nest egg account for the policyholder. In lawsuit of emergency later in life, the Whole Life Policy Holder can access that money to ran into some needs while still living. As you can imagine, the Insurance Company raises the terms they charge for access to all of this.</p><p>Deciding Between the Two</p><p>So, how makes one make up one's mind between Term and Whole Life Insurance? To best reply that inquiry it is of import to inquire why you need the insurance in the first place. Are it because you have got got immature children and a partner who makes not have the earning potentiality to get your children through college? Or is it because you work in a dangerous industry and will regularly confront the prospect of death over the adjacent few years? These are both first-class campaigners for Term Life Insurance. In the first case, it is of import that the supplier guarantee adequate financial back up for approximately 10 old age and then the need driblets off, while the second illustration may necessitate a shorter 3 - 5 twelvemonth Term Life Policy.</p><p>On the other hand, let's conceive of that you have got a mentally disabled individual you will support indefinitely, or a partner that have never worked at all. These may be better campaigners for Whole Life as the financial need they experience responsible for widens not only to some definite time period in the future, but as long as the other individual is alive. Under these circumstances, paying the insurance premium for Whole Life might be worthwhile.</p><p>Term and Whole Life Insurance fill an of import nothingness in many lives by providing some self-assurance that in lawsuit of an accident, loved 1s will not be left stranded. It is of import to remember, however, that the policies are not panaceas. The nest egg rate on Whole Life Policies is usually dingy compared to open up market rates, and with Term, you are making payments on a merchandise you may never use. Ultimately, the determination to purchase either of these merchandises should affect weighing your personal hazard and health, your current and expected financial situation, and option utilizes for finances you have got earmarked for a policy.</p><p> </p></div>Levihttp://www.blogger.com/profile/07262079267005441740noreply@blogger.com0tag:blogger.com,1999:blog-37813127.post-69539148181719330952008-05-22T03:58:00.001-07:002008-05-22T03:58:18.799-07:00Funding, pay key issues in reform for long-term care<div xmlns='http://www.w3.org/1999/xhtml'> <p> The new commissariat are all to the good but autumn short of the systemic improvements that are needed to guarantee safety for all word forms of long-term care.The most of import of those factors is reducing the low wage and high employee turnover rate that is characteristic of much of the industry. That, in turn, will necessitate creating advanced agency of support long-term attention at the state and federal levels.One of import tendency is an accent on place wellness care, which is in the best involvement of many patients and their households and far less expensive than institutional care.But that never will be the reply for everyone. Given the high norm age in Keystone State and this region, lawmakers should get to make a more than dependable support chemical mechanism that volition enable establishments to break wage key employees. They should press for a state committee to analyze those support mechanisms, including taxation recess for long-term-care savings, life-insurance transition formulas, aggressive state selling of long-term- attention insurance, and so on. Adequate support is the best manner to guarantee that the new punitory laws for disregard rarely have got to be used.</p> </div>Levihttp://www.blogger.com/profile/07262079267005441740noreply@blogger.com0tag:blogger.com,1999:blog-37813127.post-69499428666053643222008-05-17T16:21:00.001-07:002008-05-17T16:21:51.985-07:00Why do You Need Dental Insurance?<div xmlns='http://www.w3.org/1999/xhtml'><p> With you being able to see just about anything now, you may see dental insurance as a manner for avaricious companies to take yet more than money out of your pockets for something you make not really need.</p><p>However, you are wrong. We all cognize how dental medicine costs tin mount up even a routine check up can easily cost you £40 - and that is without you actually having any treatments done.</p><p>Also, good dental wellness is not only of import for our appearance, it is of import for our overall wellness too as problems in the oral cavity can often be a mark that something else needs looking at health-wise even if it just your diet.</p><p>A good dental insurance policy can assist screen the costs of dental treatment whether it be an emergency or a routine check up, meaning you never have got to worry about the cost of keeping your mouth, dentition and chewing gums healthy.</p><p>So, who supplies dental insurance?</p><p>Many healthcare cash program suppliers offer screen for dental medicine fees up to a set bounds within their policies. And now there are also a choice number of companies who offer standalone dental insurance.</p><p>The screen offered by the insurance companies vary, but depending who take you take a policy out with and whether it is portion of a cash program or a standalone dental insurance policy, you can get screen that volition wage for routine treatment, dental emergencies and accidental dental injuries.</p><p>Currently one insurance company supplies screen for serious dental problems such as as reconstructive surgery including plastic surgery following a dental injury or unwritten cancer.</p><p>Where to buy</p><p>As with all insurances, the cardinal to getting the best screen at a terms to lawsuit your budget is by shopping around. The internet have a wealthiness of dental insurance companies and policies on offer so you can take your clip in comparing the policy terms and statuses and its benefits on a similar for like basis.</p><p>That manner you can guarantee you get the degree of screen you need to maintain your oral cavity and your overall wellness and visual aspect healthy, at a terms that lawsuits your circumstances.</p><p> </p></div>Levihttp://www.blogger.com/profile/07262079267005441740noreply@blogger.com0tag:blogger.com,1999:blog-37813127.post-1413480805873258382008-05-13T12:25:00.001-07:002008-05-13T12:25:29.837-07:00Irda panel for Rs 1 lakh capital for corporate agents<div xmlns='http://www.w3.org/1999/xhtml'> <p>New Delhi, May 13 Persons and houses with a low working capital of Rs 1 hundred thousand can move as corporate agents of coverage and sell policies through their agents, if the Irda accepts the recommendations of its commission on statistical distribution channels. </p><p>"The present bounds (of Rs 15 lakh) is very burdensome and the bounds of one hundred thousand proposed is reasonable", said the study of the Insurance Regulatory and Development Authority (Irda) committee. </p><p>The less working capital demand will assist houses and NGOs to set about coverage intermediation, the study said. </p><p>Under the present Corporate Agent's Regulations, with a lower limit share working capital of Rs 15 hundred thousand can work as corporate agents of coverage , the study said, adding it "needs to be done away with." <br /></p><p>A corporate agent Acts as an coverage agent for a life and general coverage company and procure concern on behalf of the insurance through its executives. </p><p>Regarding the wage of the agents, the committee have suggested that the commission rates cap should be removed. And, urban co-operative banks, RRBs, micro finance institutions, NGOs registered as trusts, should be permitted to administer micro coverage policies, the commission study said. </p><p>It further have proposed to spread out the scope of micro coverage federal agency by including any physical thing registered under the Societies Act. Current ordinances make not allow derived function pricing of products. </p><p>Stressing that the manner of payment for the claim colony or fillip and adulthood should be flexible like allowing cash, the Committee have got recommended that limited wage merchandises should have higher committees just like the involvement rates for micro-finance is higher thanbank rates. </p><p>The commission have got also recommended that specified people of a bank, and a company promoted by a bank, who work as corporate agents, should not have to travel for compulsory coverage agent training. </p><p>PTI</p> </div>Levihttp://www.blogger.com/profile/07262079267005441740noreply@blogger.com0tag:blogger.com,1999:blog-37813127.post-85047318883536641522008-05-07T16:14:00.001-07:002008-05-07T16:14:25.590-07:00A Few Things Everyone Should Know About Disability<div xmlns='http://www.w3.org/1999/xhtml'><p> Did you know? One twelvemonth of disablement can pass over out 10 year's worth of savings.</p><p>Other interesting things to cognize about disability:</p><p>- 7 out of 10 people between the ages of 35 and 65 go handicapped for three calendar calendar calendar calendar calendar months or longer.</p><p>- The average length of disablement permanent longer than 90-days is 36 Months.</p><p>- Most American households have got got only adequate money in nest egg to cover two months worth of bills.</p><p>- In 2000, wage and productiveness losings from unintential injuries was $259.8 billion (Statistical Abstract of the US: 2002)</p><p>- The upper limit Sociable Security disablement payment for 30-yr old earning $70,000 per twelvemonth is just $1600 per month.</p><p>- To be eligible for Sociable Security disability, your disablement must endure at least 12 months.</p><p>- Sociable Security Disability will only pay an approved claim after a minimum of 5 months have passed.</p><p>So if you suddenly go disabled... how would you pay your bills?</p><p>What is disability?</p><p>The Random House Webster's Dictionary of American English Language defines disablement as:<br /> "Lack of adequate strength or ability; incapacity; a physical or mental handicap; anything that disables or sets one at a disadvantage"</p><p>The Sociable Security Administration defines disablement this way:<br /> "The inability to engage in any significant gainful activity by ground of any medically determinable physical or mental damage which can be expected to ensue in death or have lasted or can be expected to last for a uninterrupted time period of not less than 12 months." Emphasis Added</p><p>Simply put: Disability generally intends that you are not able to work. And Sociable Security Disability intends you are not able to work at anything.</p><p>Disability can go on at any time, to anyone - regardless of race, religion, gender or profession.</p><p>Sometimes people go handicapped dur to injuries received in a car accident. And sometimes it's a simple matter of getting ache while participating in sports, or improving your home in your off hours.</p><p>A very common injury that tin cause you to go not able to work, is a dorsum injury. And back injuries can go on simply by moving furniture, working in a garden, or fixing a leak in your roof.</p><p>Other people go not able to work owed to an unwellness or the oncoming of a disease: Like diabetes, stroke, or bosom attack. And even gestation can cause some females to go not able to work: If the gestation develops other complications that necessitate the adult female to remain in bed, she is not able to work.</p><p>This Can Happen to You Too.</p><p>Unfortunately, people often presume that just because they're healthy, they can't go disabled. And that's simply not true. Accidents happen. So being healthy doesn't usually have got anything to make with whether you go disabled.</p><p>Let's expression at some undeniable facts:</p><p>- In 2000, wage and productiveness losings from unintentional injuries was $259.8 billion (Statistical Abstract of the US: 2002)</p><p>- In 1999: 338,000 people were injured in a fall</p><p>- In 1999: 141,000 people were injured owed to overexertion</p><p>- In 1999: 338,000 people experienced sprains and strains</p><p>And just a few of the ways these injuries happened included:</p><p>- Hand and powerfulness saws</p><p>- Hammers</p><p>- Kitchen flatware</p><p>- Beds</p><p>- Tables</p><p>- Ladders</p><p>- Rugs and Carpets</p><p>- Footwear</p><p>- Bicycles</p><p>- Swimming Pools</p><p>If you'd wish to cognize more than about disablement and assorted ways you can protect yourself and your family, read the remainder of this report online.</p><p> </p></div>Levihttp://www.blogger.com/profile/07262079267005441740noreply@blogger.com0tag:blogger.com,1999:blog-37813127.post-66420149142603691612008-05-04T16:21:00.001-07:002008-05-04T16:21:22.914-07:00Level Term Life Insurance<div xmlns='http://www.w3.org/1999/xhtml'><p> Buying degree term life insurance is a simple matter if we cognize exactly what type we desire before hand. There are respective types to take from; each serving a different need and each bought for a different purpose. Let us take some clip to analyze some of the most popular degree term life insurance policies. We will begin with the least expensive.</p><p>Increasing Premium Term Insurance</p><p>The increasing insurance premium term policy, or annual renewable term, at the beginning is one of the most cheap that you can buy. The insurance premium is so low that one would not believe twice about such as a purchase. Don't allow that sap you. This insurance premium additions every twelvemonth and if you maintain the policy for a long clip period of time it will turn out to be quite expensive insurance. The human face amount stays degree for the duration. If you have got a need to have insurance for a short clip period of time then this may be what you are looking for.</p><p>5 Year Term Insurance</p><p>5 twelvemonth degree term life insurance is also a short term policy designed to carry through a short term need. It incorporates a degree death benefit. The insurance premiums for this type of insurance also stays level. They never increase. This is truly cheap life insurance. This tin be used to cover outstanding loan balances or to vouch that a supplication is completed even if the insured dies. Let us say you be after to pay for a college instruction for a kid or grandchild who will get their additional surveys within a twelvemonth or two. You desire to cognize that even if you died your wishing will go reality. A 5 twelvemonth degree term policy may be what you are looking for.</p><p>10 Year Term Insurance</p><p>You have got to put out a small more than in insurance premiums if you take the Ten twelvemonth degree term life insurance policy. This policy also have a degree insurance premium which you can maintain paying for 10 years. The death benefit is also degree throughout the life of the policy. This policy is fairly cheap and can be used to cover outstanding loan balances, to fund buy-sell agreements in the early old age of a business or even in household situations. Like most term policies this policy can be converted to lasting insurance at any clip during the life of the policy.</p><p>20 Year Term Insurance</p><p>One of the best loved policies is the 20 twelvemonth degree term life insurance policy. As the name connotes you can maintain it for 20 old age and the human face amount stays degree for the full period. The insurance premium is a small more than than the 10 twelvemonth policy but it is also level. This policy can also be converted to a lasting type policy at any time. Business people utilize this a batch as a floating debt policy. In lawsuit of death the bank will get back their money. If they have got a valuable key employee they purchase a policy on his or her life so that accommodation will be easier in the event of this people death. This policy is also used a batch in household states of affairs to vouch the partner and children sufficient income if the breadwinner should decease prematurely.</p><p>30 Year Term Insurance</p><p>Used for similar grounds as the 20 twelvemonth term is the Thirty twelvemonth degree term life insurance policy. The death benefit also stays degree for the continuance and so makes the premium. This policy can be kept for 30 old age and also have a built in transition privelege.</p><p>These are the best known and most bought degree term life insurance policies. The last three are the most bought by people who have got a penchant for term insurance.</p><p> </p></div>Levihttp://www.blogger.com/profile/07262079267005441740noreply@blogger.com0tag:blogger.com,1999:blog-37813127.post-3650349930337111442008-05-01T16:16:00.001-07:002008-05-01T16:16:39.912-07:00Long Term Care Insurance How Much Should I Buy?<div xmlns='http://www.w3.org/1999/xhtml'><p> Long-term care insurance policies have got a assortment of characteristics and it pays to shop around. It is quite easy in the concluding old age of your life to run up extremely large care measures which could endanger your life savings, home and your childrens inheritance. Okay some people make not care about their progeny so much as is apparent by looking at the bumper spines of the gilded Recreational Vehicle Motor Homes; we are disbursement our childrens inheritance!</p><p>You need to inquire yourself not only; How much long-term care insurance should I buy? You need to believe on how much you might potentially need. For case you need a policy, which have an adequate day-to-day allowance. The current average for in home nursing is $135.00 per day. But the norm for coverage ranges between $100 and $150.00 per day.</p><p>The waiting and elimination time periods also can greatly impact the policy costs and premiums. People usually wait 30, 60, 90 days, as medicare usually pays in the beginning. You will have got a flimsy duplicate of coverage. The waiting clip period concerns the amount of time before you can get receiving coverage. These are of import factors indeed.</p><p>Benefit triggers are also important in these policies. They usually happen when you need aid with two or three day-to-day life activities such as as using the bathroom, getting dressed, taking a lavish or eating. Generally benefits are triggered when a physician have certified you that you in fact need this aid to work in these day-to-day life necessities.</p><p>Benefit or payment stoppages are also important which often happen when you are over a terrible unwellness or go a cancer survivor, as is now the norm. Or when you travel forth a nursing installation and go home. Many good policies stay activated for another 10 years to see you can work again at home if needed. Many policies have got a proviso which allows you to halt paying insurance premiums once you get benefit coverage, but not all and some necessitate you to begin paying again once you are out of the care installation or you no longer need in home care for your day-to-day life activities.</p><p>Most importantly make not purchase coverage if you experience pressured, believe about it first.</p><p> </p></div>Levihttp://www.blogger.com/profile/07262079267005441740noreply@blogger.com0tag:blogger.com,1999:blog-37813127.post-37284217292572581612008-04-29T16:22:00.001-07:002008-04-29T16:22:28.822-07:00How To Take The Guesswork Out Of Buying Term Life Insurance<div xmlns='http://www.w3.org/1999/xhtml'><p> Protecting your household is the single most of import thing any individual tin program for during his or her life. Buying life insurance can be confusing, and a frustrating process. As an insurance agent, I am well aware of the inside information a client must cognize to do the determination easier. In this article, I will offer practical advice on how to simply purchase life insurance.</p><p>Look for a company that have at least an AA-rating Oregon above. Mugwump agencies such as as Moodys and Standard & Poors rate insurance companies on financial strength., theres small or no difference in two companies with the same exact financial rating. You should experience comfy with any company that have an Alcoholics Anonymous or higher rating.</p><p>When it come ups to pricing, dont be fooled into thought that insurance agents determine terms and that you can negotiate. Insurance companies put terms and they depend on age, gender, health, smoke status, household history, activities such as as aqualung diving, auto racing, foreign travel, etc. Insurance agents are not allowed to offer clients any pricing price reductions or incentives. Insurance companies offer different versions of the same product. Often you will see what looks to be the same product, but at a lower price. Normally, the ground for this is that the lower priced policy offers a weaker warrant where the policy is not guaranteed for the full period. For example, a 10 twelvemonth policy that is only guaranteed for the first 5 years.</p><p>When choosing a policy there are of import inside information to see such as as selecting the warrant period, determining whether or not the policy is exchangeable and if re-entry is available. The warrant time period determines how long the insurance premium stays at a degree rate. Once the warrant time period is over, the insurance premium will increase. It is of import to determine how long you will need the coverage and take accordingly. Guarantee clip periods range from 1 to 30 years.</p><p>Most, not all, insurance companies will offer the ability to convert your term policy into a lasting policy during a given time period of time. During this period, if you take to convert your policy, you are not required to turn out medical insurability. You will only be required to pay the new insurance premium at your aged age. The clip time period of time you have got to convert may be the warrant period or less. It is of import to check the policy verbal description or inquire your agent to do sure.</p><p>Re-entry mentions to the point at which you desire to widen or purchase a new policy with the same company. It is of import to cognize if you will be required to take a new medical examination or simply pay the new premium. All companies have got different regulations and you should understand them before you do your choice. Another of import consideration is choosing your beneficiary. It is normally an easy determination when it come ups to your spouse or partner, but not if there are minor children in your family. Child children named as a primary or secondary donee must have got got a guardian/custodian appointed to manage and statistical distributions of finances according to state laws.</p><p>Choosing a life insurance policy makes not have to be a hard process. It also makes not have got to be done alone. Today, you have got the pick of working with a local agent or shopping online. Internet websites such as as CompleteLifeQuote.com allow you to search 100s of merchandises and offer you the concluding determination as to which one to apply for. The companies work with you to procedure your application and direct your policy once approved. Customers can anticipate to salvage money this manner simply because they are able to take for themselves instead of having an agent pushing his/her companys products. I trust this article have got shown you that making this of import determination makes not have to be a hard process. Best of luck!</p><p>Mark F. Simmons <br /> CFO, Complete Life Quote, Inc.</p><p> </p></div>Levihttp://www.blogger.com/profile/07262079267005441740noreply@blogger.com0tag:blogger.com,1999:blog-37813127.post-75925291488309606062008-04-22T16:39:00.001-07:002008-04-22T16:39:24.801-07:00Top 8 Life Insurance Mistakes to Avoid<div xmlns='http://www.w3.org/1999/xhtml'><p> Mistake #1</p><p>Dont forget to update the donees on your life insurance policies regularly. Update it every few old age or when theres A major life event such as as marriage, divorce, new babies, death of beneficiary, etc. Iodine hear sad narratives all the clip from people whos husband, father, or married woman forgot to update the donee on their policy. Instead of the deceaseds household getting the money its some ex-wife, ex-husband, cousin, distant relative, ex-girlfriend and the current household and children are left penniless. Thats tragic. <br /> Mistake #2</p><p>Its of import to not allow your life insurance oversight when youre shift bank checking accounts. Most people have got their life insurance insurance premiums taken out by eft (Electronic Funds Transfer) every calendar month and forget to advise the insurance company of this change. And conjecture what? Murphys law work stoppages when you least anticipate it and cant afford it. Its A high opportunity that something will go on when youve been paying 20 old age for insurance and then when it have lapsed for 3 calendar months theres A car accident. Advise the insurance company when shutting and shift bank checking accounts. <br /> Mistake #3</p><p>When requesting life insurance quotes most people arent aware that they dont have got to put up an appointment with the first agent that phone calls to give them a quote. You can have a quote over the phone or through email. And you dont have got to purchase life insurance from the first Insurance Agent you speak to. Its Oklahoma to shop around, but delight be polite when you turn down the other agents. Selecting an Insurance Broker is often easier than working with an agent that lone stands for one life insurance company. A broker will seek to happen the lowest rate for you and the best policy to suit your situation. An agent that lone plant for 1 company called a captive agent tin only offer you the merchandises from that one company. <br /> Mistake #4</p><p>Buying life insurance that makes not necessitate a medical exam. Its often 2-3 modern times the terms of normal life insurance and not deserving it if you are perfectly healthy. A medical examination can be inconvenient but it can salvage you respective hundred of dollars a year. Now believe of how much you can salvage if you multiply that by 30 old age or whatever length you be after to maintain that life insurance policy. <br /> Mistake #5</p><p>Buying the life insurance policy with the purpose to perpetrate suicide. Ok, this is cockamamie but there are people that human face depression and have got self-destructive thoughts. First, this thought isnt going to wage because most insurance company and policies have got this self-destruction clause that states if you perpetrate self-destruction within the first 2 old age the company wont pay the death claim. Dont make it, delight get aid if you are thinking this. <br /> Mistake #6</p><p>Canceling your old life insurance policy when youre buying a new life insurance policy with another company but the new policy hasnt been issued yet. Wait until you have got received the new policy before canceling your old one. You dont desire a few calendar months where you dont have got life insurance. You dont cognize what can go on during that time. <br /> Mistake #7 </p><p>Not getting adequate life insurance coverage. Its hard to understand why some people would pass money to purchase $10,000-50,000 of life insurance. That is such as a small amount, certainly not adequate to wage off a mortgage, direct a child to college, pay off loans or debts, and cant support person for a few years. At least happen out how much it cost for $250,000-300,000 of coverage. It may be cheaper than you think. <br /> Mistake #8 </p><p>Lying on the life insurance application. The insurance companies have got a manner of determination things out. If you lie on the application then insurance company may not pay the death claim and just return the insurance premiums if they happen out. Be honorable about all medical statuses and listing all the medicine youre taking.</p><p> </p></div>Levihttp://www.blogger.com/profile/07262079267005441740noreply@blogger.com0tag:blogger.com,1999:blog-37813127.post-70468950099355769812008-04-19T16:33:00.001-07:002008-04-19T16:33:09.852-07:00Bankers Long Term Care Insurance<div xmlns='http://www.w3.org/1999/xhtml'><p> How many modern times have got you seen people whose life was turned upside down by an accident?</p><p>When an accident occurs, you must be prepared to confront it. Cipher cognizes when bad things can happen, so its good to number on a wellness care insurance policy.</p><p>However, a batch of people doesnt really see all facets of getting wellness care coverage; that is why a surprisingly large percentage of policyholders have got chosen apparent wellness care, not having in head all of the advantages of long term care insurance.</p><p>Bankers long term care insurance policies are meant for everyone who cares not only for infirmary coverage, but also maintains in head all home care related issues.Imagine not being able to execute simple day-to-day tasks, like getting dressed everyday, or even having a bath by yourself. Who will assist you? Of course, your household and friends will take care of you. But in the event of a lasting disability; are you ready to change their lives that way?</p><p>We all are aware of the effects of having a disability. Why not trust on a professional to take care of you? Sad but true: cipher desires to be a loading on a darling household member or a dear friends back. They would make the best for you, no uncertainty about it, but its just not just for them.</p><p>Bankers supplies long term care for you and your family,with programs designed for every household. If you really care on taking care of them, Bankers long term care insurance is the lone manner to go; because long term care gets where a apparent medical ensurance ends; it makes not only cover infirmary and medical specialty costs, it allows you accommodate to your new life, helping your loving 1s to take care of you the best possible way. In short, it assists you dwell with dignity.</p><p> </p></div>Levihttp://www.blogger.com/profile/07262079267005441740noreply@blogger.com0tag:blogger.com,1999:blog-37813127.post-22684624225597853202008-04-16T16:41:00.001-07:002008-04-16T16:41:26.844-07:00Life Insurance Buying Tips<div xmlns='http://www.w3.org/1999/xhtml'><p> If life insurance purchasing is approached in the proper mode it can be very good to yourself and your family. You need to take the clip to give some idea to a topic that tin be very unpleasant. I believe that is why most people don't believe about it, or at best think about it only after they have got had a brushwood with death, or when a life insurance professional person conveys up the subject.</p><p>Sometimes these people wait until it is too late to make something about such as a critical matter. They happen themselves uninsurable when they discover they have got some critical illness. People should give life insurance buying serious idea at least once per twelvemonth as 1s state of affairs may change and you happen that your need for life insurance may change as a result.</p><p>These are the inquiries any good life insurance agent would ask. Your replies would assist him or her come up up with an accurate amount that would be a perfect tantrum for you. Here are the questions.</p><p>Should Iodine bargain life insurance to pay for funeral disbursals when Iodine decease or make I prefer to have got this taken from accumulated cash?</p><p>Do I need a policy to pay estate taxes? This is for people with an estate in extra of $1,500,000. Estate taxes may be repealed in the close future. The Congress is looking at this matter at the present time.</p><p>Do Iodine desire to go forth a lump sum of money for my household and how much? If the donees are well practised in handling large sums of money of money then this may be a good idea, otherwise, it may be wise to supply an income.</p><p>What about an income? Should Iodine put up an income for the lifetime of the beneficiary, or should the income derived from the return of the life insurance policy be paid out for a limited number of years? Should Iodine allow the insurance company clasp the principal and pay out an income to the beneficiary?</p><p>How about life insurance on my spouse? Would that be a good thing? What about the children, is there a need for life insurance?</p><p>If you have got a business, is there an employee that you could see a cardinal person? Should you have got some life insurance on him or her? If your business spouse died, what would go on to his shares? What would go on to his family?</p><p>Ask yourself these inquiries before doing your life insurance shopping and you will cognize whether or not you need life insurance, and if you do, how much you should buy.</p><p> </p></div>Levihttp://www.blogger.com/profile/07262079267005441740noreply@blogger.com0tag:blogger.com,1999:blog-37813127.post-75483087349151650982008-04-14T21:40:00.001-07:002008-04-14T21:40:57.670-07:00Stay away from single-premium unit plans<div xmlns='http://www.w3.org/1999/xhtml'> <p>The loud gross sales pitch notwithstanding, single-premium unit linked coverage programs (ULIPs) are not the best instruments to have got in your portfolio. Traditionalist ULIP investors and those vulnerable to mis-selling should observe that it is possible to acquire a larger coverage cover, better tax-saving and also comparable tax returns through a combination of other available instruments. To cognize how, read on. </p><p>Investors may retrieve that the Insurance Regulatory and Development Authority (IRDA) have reduced the lower limit sum of money assured on single-premium Ulips with a term of 10 old age or more. </p><p>The lower limit sum of money assured on a single insurance insurance premium ULIP can now be 1.10 modern times of the single premium. Earlier, it had to be at least 1.25 modern times the single premium. This have come up into consequence from April 1, 2008. </p><p>In lawsuit of a single-premium ULIP, as the name suggests, the individual pickings the policy necessitates to pay just one premium. The bulk of the insurance insurance premium is invested after deducting the premium allotment charge, which is typically around 2-5% of the amount. The part invested is referred to as the investing fund. </p><p>The ULIP also sees the life of the individual pickings the policy for a certain amount of sum of money assured. Given that the lower limit sum of money assured for single-premium ULIPs with a term of office of 10 old age or more than have been reduced to 1.1 modern modern times the single premium, compared with 1.25 times earlier, the lower limit life coverage offered to an individual paying a single insurance insurance premium of Rs 1 hundred thousand is Rs 1.1 hundred thousand (110% of Rs 1 lakh) instead of the earlier Rs 1.25 hundred thousand (125% of Rs 1 lakh). </p><p>The life coverage obviously makes not come up free of cost and a certain mortality complaint have to be paid for it. This is deductible every calendar month by cancelling the units of measurement that have got accumulated in the investing fund, depending on the age of the individual. </p><p>The logic in favor of single-premium ULIPs is that a less sum of money assured guarantees a less mortality complaint and hence more than money acquires invested. But, if the thought is to guarantee that more than money acquires invested, why not make away with the coverage constituent altogether? At any rate, Ulips aren't quite common funds, as they are sometimes made out to be. </p><p>Take an individual who have the capacity of paying a insurance premium of Rs 1 lakh. He opts for the lower limit sum of money assured of Rs 1.1 lakh, which would be collectible to his campaigner upon his death. Now, for person who have the capacity to pay a insurance premium of Rs 1 lakh, a sum of money assured of Rs 1.1 hundred thousand is manner too less. He could always choose for a far larger cover, through term insurance. </p><p>The typical statement cited in favor of single-premium ULIPs is that one demands to pay the insurance premium just once. </p><p>But, tax-saving investings necessitate to be made every year. So, an individual who do a tax-saving investing for three old age at a stretch by purchasing different single-premium policies every twelvemonth will stop up with three different policies. </p><p>Now, if something were to go on to him, his campaigner will have got to register three separate claims to acquire the sum of money assured. That would be annoying indeed. And what if these are from three different companies and each of them take a firm stands on original written documents to unclutter the claim? </p><p>On the other hand, if the thought is to invest, why not put the full amount? Why wage a mortality complaint for a sum of money assured that is not adequate in the first place? </p><p>This tin be easily done through investment in tax-saving common funds. At the same time, the individual is can have got a sizeable term coverage cover. </p><p>You may not acquire the full taxation tax tax deduction on the insurance insurance premium paid, though, for sub-section Three of Section 80 Degree Centigrade of the Income Tax Act 1961 clearly points out that a deduction is available lone to so much of the premium, which is not in extra of the 20% of the sum of money assured on the policy. </p><p>If the insurance insurance premium paid is Rs 1 hundred thousand and the individual opts for a lower limit sum of money of money assured of 110% of that, i.e. Rs 1.1 lakh, the single premium of Rs 1 hundred thousand plant out to around 91% of the sum assured. However, the tax-saving allowed here will be Rs 22,000 (20% of Rs 1.1 lakh), which intends the individual cannot claim a tax deduction for the remaining Rs 88,000. Now, if the individual waterfall in the 30% taxation bracket, this would intend an other taxation liability of Rs 26,400 (30% of Rs 88,000). </p><p>So, for people looking at single insurance insurance premium policies as a tax-saving investment, it is very of import that they choose for a sum of money assured which is at least 5 modern times the single premium paid. In other words, only person opting for a sum of money assured of Rs 5 hundred thousand can help a taxation freedom of Rs 1 hundred thousand (20% of Rs 5 lakh). </p><p>Thus, a typical line in the booklet of single-premium policies "Contributions made towards the insurance premiums will be eligible for taxation tax deduction under Section 80 Degree Centigrade of the Income Tax Act" - is right in letter, but not in spirit. </p><p>Also, those opting for the lower limit sum of money assured of 1.1 modern times will be surprised to cognize that the adulthood amount is not tax-free. This is because, under Section 10 (10D(c)) of the Income Tax Act, the full amount would be tax-free lone if the insurance premium paid is not more than than 20% of the sum of money assured in any twelvemonth of the policy. </p><p>If that is not the case, the full amount at adulthood acquires lumped with the income for that peculiar twelvemonth and acquires taxed accordingly. Even this, the coverage companies neglect to uncover in their gross sales brochures, and the coverage advisers will never state you. </p><p>Under licence from</p> </div>Levihttp://www.blogger.com/profile/07262079267005441740noreply@blogger.com0tag:blogger.com,1999:blog-37813127.post-88341095810288778072008-04-11T16:47:00.001-07:002008-04-11T16:47:53.137-07:00The Top Ten Reasons Why People Need Long Term Care Insurance<div xmlns='http://www.w3.org/1999/xhtml'><p>10. The government isn't going to pay for long-term care at home, in a nursing home, or in an assisted living center. Medicare pays 100% of long-term care for 20 days and all but $95.00 per day for the next 80 days--after that nothing. However Medicare only pays for skilled care and most long term care is not skilled care.</p><p>9. The national average cost for nursing homes is approximately $105.00 per day. Assisted living ranges anywhere from $50 - $90 per day. If you live on the Eastern Seaboard you can easily spend $50,000 to $80,000 for a year's stay in a nursing home. These costs are perfectly capable of wiping out a lifetime of savings-not to mention the emotional effect long-term care has on a family.</p><p>8. A Harvard University study showed that 69% of single people and 34% of married couples would exhaust their assets after 13 weeks in a nursing home. 13 Weeks = 91 days!.</p><p>7. At age 65, a woman has a one out of two chance of spending some time in a nursing home. A man has a one out of three chance. In the case of men, mortality catches up with morbidity.</p><p>6. Medicaid kicks in only after a person's assets and dignity are gone. In many states the eligibility threshold for single people is $1,500 in assets. After all Medicaid is WELFARE.</p><p>5. Children would like to help, but children often have children of their own. They certainly can't quit their jobs to care for their parents.</p><p>4. Health rarely improves with age.</p><p>3. People can't buy long-term care coverage at crisis time or when they are ready to use it.</p><p>2. American's have access to the best health care in the world, if they can pay for it.</p><p>1. Most People want to choose where they go instead of having to go where they are taken, and if independence is important to them, they will need to have either a big estate or adequate insurance.</p><p>Information quoted directly from:</p><p>* A Shopper's Guide to Long-Term Care Insurance , National Association of Insurance Commissioners.</p><p>* Long Term Care Companion Consumer Guide, Transamerica Occidental Life.</p><p/></div>Levihttp://www.blogger.com/profile/07262079267005441740noreply@blogger.com0tag:blogger.com,1999:blog-37813127.post-62039587253976753072008-04-08T16:27:00.001-07:002008-04-08T16:27:48.087-07:00Term Life Insurance Explained<div xmlns='http://www.w3.org/1999/xhtml'><p>Term life insurance does not build any kind of cash value, which makes it an original type of life insurance and considered pure insurance protection. Unlike whole life insurance, term life insurance is only temporary and only covers a specific term, or a specific period of time in a person's life. Benefits will go to a beneficiary only if the insured person dies during that specific window of time.</p><p>Term life insurance is usually the cheapest way for people to purchase a death benefit package on a per dollar basis. The reason for this is because the term will expire and the insurer will not have to pay out.</p><p>It is recommended that people should purchase term life insurance with the Theory of Decreasing responsibility in mind. The Decreasing responsibility theory is provided that the insured person or persons realizes and understands that any and all financial responsibilities are only temporary and that they should purchase insurance to compensate for these responsibilities.</p><p>The easiest and simplest way to purchase term life insurance is on an annual basis. The premium to be paid is only the expected probability of the person dying within that period plus a few extra fees, such as a cost and profit component. Because insurers are able to choose whom they decide to ensure, the probability of someone they choose to insure dying within the next year is extremely low, most people opt not to purchase one-year terms. An annual policy is not very cost-effective either. Many people choose to go with annual renewable terms (ART). In ART, a premium is paid for the coverage of one year and then is guaranteed to be continued each for so an X number of years, which could be anywhere from ten to fifteen to twenty years or more, whatever the insured person decides on. Even though this direction will cause the insured to pay a higher premium, they are more likely to have the benefits paid.</p><p>A level term is a very popular form of term life insurance that is a renewable annual term with a constant premium for an X number of years. The years in a term are usually 10, 15, 20, and 30 years. A level term charges a higher premium for a longer amount of time simply because as people get older they are more expensive to ensure, and their age is averaged into the equation for the premium.</p><p>Even though they are more likely to be paid the benefits in the end, many people are uncomfortable with regular life insurance for one reason or another. For those types of people, term life insurance is an excellent choice. It gives people the option of having life insurance for a certain period and can be renewed annually or in larger periods.</p><p/></div>Levihttp://www.blogger.com/profile/07262079267005441740noreply@blogger.com0tag:blogger.com,1999:blog-37813127.post-39990092478556466262008-04-06T16:27:00.001-07:002008-04-06T16:27:16.649-07:00Is Life Insurance Comparison Really Necessary?<div xmlns='http://www.w3.org/1999/xhtml'><p> When you desire to purchase a life insurance policy, you really make need to make a life insurance comparison. This is to guarantee that you get the best possible rates and the best possible life insurance for your needs. Different life insurance companies sell different types of policies so you need to make a life insurance comparison of all the different types available. You also desire to get a policy with low cost premiums.</p><p>In a life insurance comparison, you have got to make up one's mind whether you desire variable universal life insurance or whether you will inquire for a low cost term life insurance quote. There is a huge difference between the two. Term life insurance is only good for a specific clip period of time. If you make not decease within that term, then the life insurance policy runs out and you will need to regenerate the policy or purchase another. Variable universal life insurance endures for your whole life and have options included to assist you make money on your life insurance.</p><p>With all the life insurance companies online, it is not hard to do an online life insurance comparison. If you are looking for term life insurance, then you can bespeak a free quote for low cost term life insurance. It is advisable to have got got at least three quotes so that you can make a comparison of the settlement and the insurance insurance premiums offered by each one.</p><p>A life insurance comparison, whether it is for term life insurance or variable universal life insurance, also intends that you need to make a comparison of the monthly premiums you have to pay. Since most people look at the amount of money that they need to budget for each month, they desire this insurance premium to be as low cost as possible. With variable life insurance, the amount of the insurance premium changes according to market conditions, so it may be a small harder to budget for, but it works out to be more than low cost than term life insurance.</p><p>Whatever you need in life insurance, you have got to make certain you are comparing the same thing when you do a life insurance comparison. For example, a comparison of quotes for low cost term life insurance with those for variable universal life insurance would be like comparing apples and oranges, since they are not the same at all. You have got to do certain your comparison is for the same type of life insurance and for the same length of the term. Otherwise, you are only wasting your time.</p><p>A proper life insurance comparison is essential.</p><p> </p></div>Levihttp://www.blogger.com/profile/07262079267005441740noreply@blogger.com0tag:blogger.com,1999:blog-37813127.post-20556955557337799592008-04-03T13:48:00.001-07:002008-04-03T13:48:41.603-07:00ADAG insurance firms ramp up<div xmlns='http://www.w3.org/1999/xhtml'> <p>Mumbai, April 3 Two R-ADAG wholly owned coverage - Reliance Life Insurance and Reliance General Insurance - are in the procedure of ramping up its senior degree manpower-base substantially. This development presumes importance as Surface-To-Air Missile Ghosh have just taken over as the managing manager of Reliance Capital, which oversees these two coverage . <br /></p><p>Ghosh, who joined Reliance Capital from Allianz, in his earlier stretch in Republic Of India had headed two coverage articulation ventures - Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance . <br /></p><p>Malay Ghosh, caput sales, Bajaj Allianz Life Insurance discontinue the company to fall in Reliance Life Insurance. Two senior people - Second Venkatesh, main fiscal officer, Kelvin Gram Krishnamoorthy, main investment banker from Futures Generalli General Insurance - who were earlier with Bajaj Allianz General Insurance have got also joined Reliance General. </p><p>A figure of senior functionaries who were working in the regional business offices of Bajaj Life have got moved to Reliance Life. </p><p>Analysts believe Ghosh entry in to Reliance Capital bespeak the new focusing of ADAG grouping on the coverage articulation ventures which would be eyeing for top places in the domestic private sector coverage industry. </p> </div>Levihttp://www.blogger.com/profile/07262079267005441740noreply@blogger.com0tag:blogger.com,1999:blog-37813127.post-88814379642918922192008-04-01T10:39:00.001-07:002008-04-01T10:39:47.183-07:00Car Insurance - Be Legal, Be Safe!<div xmlns='http://www.w3.org/1999/xhtml'> <p>Car Insurance is a legality in nearly all states worldwide. Without it, you are breaking the law so it is critical you have got it wherever you live. This article will demo you how to stay within the law and acquire the last terms available.</p><p>Depending on where you dwell of course, depends on the laws applicable to you. For most states the law necessitates you have got at least a basic coverage when it come ups to auto insurance. This means, should anything happen, you will be covered against any costs to other people.</p><p>Most people today see their ain auto for fixes or harm whereas old age ago, most lone covered the costs of any autos they damaged whilst driving. Covering your ain costs is highly recommended because if your auto is totally damaged and not repairable, you will be without a auto and demand to happen the money to purchase another.</p><p>When getting quotation marks from companies, happen out what the minimum screen by law is for your country. If your auto is not deserving much, it might be best to just acquire the minimum cover. At least you will be legal and if anything makes go on and you are at fault, any harm you do will be paid by your coverage company.</p><p>You also necessitate to take into business relationship any other people who may be drive your car. Some companies automatically cover any driver, but it is best to check up on before you take out any policy.</p><p>The auto you drive, where you live, your age, your drive experience, all these things are taken into business relationship when you acquire a quote. Some people have got to pay more than simply because of where they live. High larceny countries normally be more, so if you have got a garage do certain you state the company your auto is parked in your garage each night.</p><p>It is best to acquire as many quotation marks as possible. You can make this online now and salvage yourself not only time, but a batch of money also. Look at the options available. If having less people thrust your auto intends you salvage a batch of money, you should see insuring only for you to drive.</p><p>Car coverage can be expensive but it really is worthwhile having as we really make not cognize what could go on to us on any twenty-four hours wherever we are driving.</p> </div>Levihttp://www.blogger.com/profile/07262079267005441740noreply@blogger.com0tag:blogger.com,1999:blog-37813127.post-63632965802621248352008-03-28T16:24:00.001-07:002008-03-28T16:24:45.219-07:00Term Life Insurance - Buy Term and Invest the Difference!<div xmlns='http://www.w3.org/1999/xhtml'><p> The phrase BUY TERM AND INVEST THE DIFFERENCE evolves around the conception of term life policy which is a basic protection policy and the endowment/ whole life policy which have protection and investment/saving features. To set it simply, the phrase intends that instead of taking up the endowment/whole life policy, an individual should purchase a term policy for protection and the difference between the insurance premiums of the two policies is to be invested by the individual himself to earn some dividend on the investment.</p><p>To hold with the phrase "Buy Term and Invest the Difference", one need to have got the strong belief and will-power to put the difference in the insurance premium in an investing vehicle that tin wage a tax return higher than that declared by an insurance company. Unfortunately, most of us make not have got the capableness to accomplish the desired tax return over time. At times, one is lucky to harvest a good tax return from the equity market but this is all short-lived when the downswing occurs, all additions will be wiped out and may even heavy losses.</p><p>However, investment-linked life insurance have got got been pioneered and offered for sale by insurance companies around the human race as one manner where it is possible to have both protection and investing at the same time. In the United States of America, investment-linked life insurance is known as "variable life insurance". It was pioneered by the Equitable Life Assurance Society and was offered for sale in 1976. This type of merchandise is recommended if one holds with the phrase "Buy Term and Invest the Difference".</p><p>Investment-linked life insurance policies offer more flexibleness to the policy proprietors and they can take when to exceed up or how much, or on what part of their policy that is linked directly to investing performance. Considering the broad range of investing tools available, investment-linked insurance merchandises may be linked to pillory and shares, property or existent estate, cash deposits, fixed income securities, authorities bonds, corporate bonds, unit of measurement trusts, investing trusts, other life insurance and annuities. Investment-linked finances have got been created to lawsuit the client's assorted investing objectives, risk-reward profiles and investing preferences.</p><p>With respective insurance companies offering a assortment of investment-linked insurance products, it is now possible for an insurance policy holder to enjoy protection and at the same clip to put solely in one monetary monetary fund or a combination of funds, subject to certain limitations, such as as a minimum of 20% of his investing in each fund selected. An insurance policy holder may switch over his investing between finances when his investing aims change.</p><p>As an example, an Income Fund which is managed by a company's in-house fixed-income investment squad comprising people with more than than 20 old age of experience in the financial sector. This monetary fund is suitable for policy proprietors seeking stableness of principal and a higher tax return compared to bank sedimentations but with acceptable hazard to capital invested. The monetary fund is principally invested in fixed-income securities, exchequer products, money market instruments, corporate investing schemes, and any other permissible instruments or investings prescribed by the relevant regulating organic structures to supply a steady tax return to policy proprietors through accretion of capital over the long-term.</p><p>Without the being of investment-linked products, one may differ with the phrase and may not "buy term and put the difference" but instead to take up a traditional participating life insurance merchandise that supplies life protection with an component for investment. The insurance premium may be higher but it leads to wealthiness creative activity for the future.</p><p> </p></div>Levihttp://www.blogger.com/profile/07262079267005441740noreply@blogger.com0tag:blogger.com,1999:blog-37813127.post-3694722625709898292008-03-24T15:32:00.001-07:002008-03-24T15:32:57.546-07:00Life Insurance: Who Needs It And How Much Do You Need?<div xmlns='http://www.w3.org/1999/xhtml'><p>Your friendly, neighborhood life insurance agent is most likely to answer this question with the word everybody.</p><p>The fact is, not everybody does need life insurance. If you don't have a family, you probably don't need life insurance unless, of course, youre a really nice person and just want to leave some money to a friend or a charity.</p><p>If you do have a family, the question isn't do you need life insurance. The question is how much do you need?</p><p>A life insurance sales representative may want you to apply some kind of formula. In years gone by, he or she might have told you that you need to buy insurance equal to four times your annual salary. So, if your annual salary is $50,000, you might have been told you need at least a $200,000 policy. Today, the same agent might tell you that you need eight times your annual salary or a $400,000 policy.</p><p>In most cases, this is probably too simplistic an approach, as it tends to assume that you are your family's sole provider.</p><p>Today, there are a number of other factors that should be taken into consideration. Does your spouse work or is he/she a stay-at-home mom or dad? Are you a single mother or father? And where does that put you? How old are your children? Will your surviving spouse be raising kids for three years or 15? If your spouse works, how much does he or she earn? If something should happen to you, is there family nearby that could help raise your kids or is the nearest family 1,000 miles away?</p><p>Let's take a hypothetical example. Jim W. is 45 years old, earns $75,000 a year and has two kids age 15 and 17. Jim's wife, Martha is 43 and earns $50,000 a year. Jim and Martha believe their kids are college material. How much life insurance does Jim need? Let's assume $25,000 a year times the two boys, times four years. That's $200,000. Jim also wants to make sure Martha lives comfortably for the rest of her working life and figures she'll need an additional $25,000 a year to do this. Multiply this $25,000 by 22 and that's $550,000. Add this to the cost of the boys' college, and Jim needs at least a $750,000 life insurance policy ... and that doesn't include anything for Marthas retirement!</p><p>Now, compare this to Beth who is the single mother of a boy, Robbie, age eight and a girl, Kinsey, age 12. How much insurance does Beth need? There's no spouse but if anything happens to her, the kids will go to her sister, and the sister will need financial help. So, assume $10,000 a year to the sister for 16 years -- $160,000 plus college for the kids at $200,000. This adds up to a policy of maybe $360,000. See the difference that circumstances can make?</p><p>Before you purchase a policy, sit down and figure out who will need to be taken care of, for how long they will need the help and, realistically, what that help should consist of. If you die this should not be like winning the lottery for your survivors. Don't buy so much insurance that you will be really strapped for all those years before you pass on.</p><p>The next step is to do some comparison-shopping. Different insurance companies often quote different rates on just about the same coverage as they tend to rate risks differently. You should also look at the cost of term vs. cash value life insurance. Many experts believe that if youre young, with young kids, your best bet is a term policy as it costs less, yet can offer good coverage. For example, if you're 35 and in good health, you can probably buy a $500,000, 10-year level term polity for less than $300 a year. And a 20-year, level-term policy might cost you no more than $400 a year.</p><p>You might also save money on the term insurance by buying more than one policy. For example, if you have two children, one age 12 and one age eight, you might consider buying a 10-year, level term policy to take the 12-year old through college, and a 20-year term policy to cover the eight year old through college.</p><p>Finally, you can get quotes on term insurance and even buy it without ever seeing a life insurance agent. There are a number of web sites where you can do this, including quickquotes.com, reliaQuote.com and intelliquote.com.</p><p>It is important to understand that the quotes available from these sites are just preliminary quotes. The insurance company you choose will not provide a firm quote until you have provided all requested information and, in most case, have taken a physical. The good news is that the physical will be done in your home and at your convenience.</p><p>Cash value life insurance is a much more complex issue. The best way to get information on it is to sit down with a good, experienced agent who can explain the alternatives available and the costs and benefits of each.</p><p/></div>Levihttp://www.blogger.com/profile/07262079267005441740noreply@blogger.com0tag:blogger.com,1999:blog-37813127.post-31986787970093562702008-03-22T15:36:00.001-07:002008-03-22T15:36:42.846-07:00Get Serious About Selling to Seniors- Sell More Life and LTCi!<div xmlns='http://www.w3.org/1999/xhtml'><p>There are so many financial planning strategies that make sense when using reverse mortgages. Some times adult children of aging parents need just as much or more education than the seniors themselves. After all, this is a relatively new concept, and often seems to good to be true. The important thing to remember is that reverse mortgages (also called Home Equity Conversion Mortgages) are backed by the federal government, and protections have been put in place for seniors and their families.</p><p>Heirs need to understand that with proper estate planning, they stand to inherit more than the value of their parents home. A reverse mortgage is one way to make that happen.</p><p>The National Council on Aging supports and advocates the use of reverse mortgages for long-term care planning and for managing the crisis of long-term care. Obviously, there are times when a client will not qualify for long-term care insurance, but fortunately, if they are a homeowner, there are still ways that we can help them. Thats why its so important for you to know the basics about reverse mortgages. Anyone who serves the senior market should have access to this important financial planning tool. For the NCOA statement and press release go to www.ncoa.org and search for reverse mortgages. AARP is also a supporter of this federally backed program for seniors. www.aarp.com</p><p>Let's look at an example case scenario, with a client who wants to purchase long-term care insurance and life insurance.</p><p>Jane Smith lives in St. Louis, Missouri.</p><p> 65 years old</p><p> Owns a home worth $200,000</p><p> Standard health rating</p><p> 5 year plan</p><p> Compound inflation protection</p><p> 90 elimination period</p><p> $150/day coverage- comprehensive</p><p> Annual premium total for both to have coverage: $4548</p><p>Jane is eligible to receive a lump sum of $99,657.03, from the equity in her home. Jane will purchase a life insurance policy by paying a one time premium of $50,000.</p><p> Jane leaves the remaining $49,657.03 in a line of credit that grows at 6.35% per year.</p><p> She pays her annual LTCi premium from the line of credit every year.</p><p>This means that Jane will leave her heirs a death benefit of $222,736, plus the value of her home minus her loan balance. She will be protected from the catastrophic cost of long-term care, and will be able to stay in her home to receive that care.</p><p>You have now helped her heirs to receive a tax free inheritance that is worth more than the current value of her home.</p><p>Jane did all of this without touching a penny of her savings, investments, or current income. In fact, you handed her and her heirs the cash flow they needed to keep her safe for her remaining years.</p><p>Get educated.</p><p>If you want to sell more LTCi, my suggestion is to have access to all of the tools you need to make that possible. Team up with someone in your community who can write reverse mortgages, or learn how you can write them yourself! Below is a review of common myths and misconceptions about reverse mortgages in case you missed this column last month.</p><p>Common client myths and misconceptions about reverse mortgages</p><p>(a.k.a. Home Equity Conversion Mortgages):</p><p>The Lender will own my home.<br /> FALSE!</p><p>You, your family or estate continue to retain ownership of your home. The Lender does not take control of the title. The lenders interest is only to the extent of the outstanding loan balance. As with a traditional mortgage they never have ownership in the property.</p><p>The Lender cannot wait for me to get out of my house so the lender can be repaid.<br /> FALSE!</p><p>The HUD approved Lender(s) are not in the business of selling homes. However, with the support of HUD they are in the business of helping seniors keep their homes and being able to use some of their equity to meet whatever financial needs they may have without causing further financial difficulties by requiring a mortgage payment.</p><p>My heirs will be responsible for repayment of the loan.<br /> FALSE!</p><p>The Home Equity Conversion Mortgage is a Non-Recourse Loan, this means that the lender can only recover repayment of the loan from the proceeds of the sale of the property. If the property decreased in value and the loan amount was greater, the lender is paid the difference from the HUD Mortgage Insurance. Your heirs will not be responsible for the repayment of the loan</p><p>Home Equity Conversion Mortgages are very safe.<br /> TRUE!</p><p>FHA and FannieMae guarantee the payments that are made to you (not applicable to CASH Account option).You continue to own your home and are guaranteed that you can stay in your home as long as you like, AND You (the Borrower) are guaranteed that you can never owe more than your house is worth. All of the above guarantees are further backed by the HUD Mortgage Insurance on HECMs.</p><p/></div>Levihttp://www.blogger.com/profile/07262079267005441740noreply@blogger.com0tag:blogger.com,1999:blog-37813127.post-50689270786948759582008-03-20T18:40:00.001-07:002008-03-20T18:40:53.579-07:00Best Home Owner Insurance -- Get It For A Lot Less With These Tips<div xmlns='http://www.w3.org/1999/xhtml'> <p>Best place proprietor coverage for a batch less: This article will demo you other things you can make to acquire less rates. Also take short letter of the safeguard you are advised to take as you implement these tips...</p><p>1. Don't see your house along with the land it is standing on as this volition cost you more than but quite unnecessary. Some folks pay much more than than they should on place coverage on business relationship of this mistake. They just see their house for its complete value without deducting the cost of the land.</p><p>If you did this quickly name your agent and re-evaluate your place coverage policy. Subtract the land's terms and you'll recognize that you will necessitate far less coverage.</p><p>Your insurance premium will be more than low-cost and you'll still have got adequate insurance if you make this right. Bear it in head that insuring the land your house is standing on is existent waste material of money because it makes you no good whatsoever.</p><p>2. Enterprise to put fire fire extinguishers at of import points in your home. Your kitchen is one important point to have got one or more than functional fire extinguishers. You must as well guarantee that it's adequate for your sort and size of kitchen.</p><p>And, don't bury that you must maintain them within easy reach. Doing this volition aid you less your rates.</p><p>3. A typical vehicle garage have highly burnable liquids. To be on a safer side, do certain your garage is at a safe distance from your residential construction and you'll likely bask a better rate. You can acquire inside information of the suggested distance and how much you will acquire as price reduction for this from your agent.</p><p>4. Installing a sprinkler will do you eligible for considerable discounts. Sprinklers are very utile in putting off fires and, by extension, cut down fire damage. Even though they're by no agency cheap, they'll convey you singular discounts. You can pay back over respective old age thus reducing the trouble in disbursement the amount involved in such as a project.</p><p>5. Bashes your house have got fire escapes? If you state "yes" then do certain your agent cognizes about it as it should acquire you a little discount. Don't bury to state your agent even if all your place have as fire flights are rope ladders. Folks who don't have got these volition pull cheaper rates if they set in topographic point the right sort and figure for their home. Ask your agent to see what measure ups you for such as a discount.</p> </div>Levihttp://www.blogger.com/profile/07262079267005441740noreply@blogger.com0tag:blogger.com,1999:blog-37813127.post-48412276934454132032008-03-18T15:32:00.001-07:002008-03-18T15:32:50.747-07:00Guarding Against Financial Uncertainty<div xmlns='http://www.w3.org/1999/xhtml'><p>Protection & Security products form the foundation of a sound financial plan. These products should protect you from common risks we all need to think about and plan for:</p><p> Losing your job<br /> Becoming sick or disabled<br /> Living too long<br /> Dying too soon</p><p>In its simplest form, the base of the financial planning pyramid consists of emergency savings and insurance. Here are some things to consider as you build the foundation of your financial plan:</p><p>Emergency Savings - Most financial professionals will tell you that it's a good idea to always have enough money on hand to pay your everyday living expenses for a period of three to six months.</p><p>This money could tide you over if you lose your job, or if you get sick or injured and need to cover expenses before your disability insurance kicks in. Consider your personal and family situation, job security, and other factors in determining how much to set aside.</p><p>Ideally, your emergency savings should be in vehicles like savings, checking and money market accounts where you'll have access to your money penalty-free.</p><p>Insurance - Insurance forms the underpinning of your financial plan. If your home gets seriously damaged, where would you find the tens of thousands of dollars it might cost to pay for the repairs? How would your family make ends meet if you became too sick or injured to work for an extended period of time? And what if the worst happened and you died? Would the money be there to keep the family home, pay everyday living expenses, and fund college and retirement savings plans for your survivors?</p><p>Insurance provides a financial safety net to make sure your family's financial situation won't fall apart if the unexpected strikes. Here are some of the main kinds of insurance you may want to consider as part of the foundation of your financial plan:</p><p>Life insurance - Life insurance helps protect your family and loved ones against financial difficulties in the event of your premature death. If someone you know depends on you financially, chances are you need life insurance. How much and what kind you need can best be determined by having an insurance professional help you conduct a thorough insurance needs analysis.</p><p>Many employers provide their employees with life insurance coverage, but it's often not enough to ensure the financial security of your loved ones. And if you leave your job or change jobs, you usually can't take the coverage with you.</p><p>For more information about life insurance, see the Life and Health Insurance Foundation for Education (LIFE).</p><p>Disability insurance - Disability insurance replaces lost income in the event that you become ill or disabled and can't work. Short-term policies typically provide coverage from 13 weeks to one year, while long-term policies may provide benefits up to age 65 or even for life.</p><p>Keep in mind that some policies pay benefits if you are unable to perform the duties of your customary job, while others pay only if you are unable to engage in any gainful employment at all.</p><p>Again, many employers provide some form of disability coverage, but it may not be sufficient to help your family make ends meet in the event of disabling illness or accident. That's why you should at least consider whether an individually purchased policy might be right for you.</p><p>For more information about disability insurance, see the Life and Health Insurance Foundation for Education (LIFE).</p><p>Health insurance - Helps pay for the ever-increasing costs of medical care. Choosing the type of health insurance coverage that's right for you requires careful consideration of the tradeoffs between flexibility and affordability.</p><p>At one end are Health Maintenance Organizations (HMOs), which are generally the most affordable option but usually require members to obtain care only from within a given plan's network of providers.</p><p>At the other end are indemnity plans, which allow for virtually unlimited choice of providers but are often the priciest option.</p><p>In between are Point-of-Service plans, which operate like HMOs but members can pay extra to see out-of-network providers, and Preferred Provider Organizations (PPOs), which function like indemnity plans but provide more favorable reimbursement rates when care is sought in-network.</p><p>For more information about health insurance, see the Life and Health Insurance Foundation for Education (LIFE).</p><p>Long-Term Care Insurance - Goes beyond medical care to include all of the assistance you could need if a chronic illness or disability leaves you unable to care for yourself for an extended period of time.</p><p>When most people think of long-term care, they think of nursing home care. But most policies will also provide coverage for care provided at home, in assisted living facilities or even in adult day care centers.</p><p>Since there's a 50/50 chance a person will need long-term care at some point in their life, it's an important consideration for most people.</p><p>There are two exceptions. Medicaid will typically pay for care for people with less than $2,000 in assets. So if you have modest assets, purchasing long-term care insurance might deplete your assets before care is needed. Conversely, if you have substantial assets and can afford to pay for care without significantly affecting your net worth, long-term care insurance is usually not recommended.</p><p>There are lots of different factors to evaluate when considering a long-term care insurance purchase (e.g., daily benefit, maximum benefit, elimination period, inflation protection, etc.). For more information about these and other key considerations regarding long-term care insurance, see the Association of Health Insurance Advisors (AHIA).</p><p/></div>Levihttp://www.blogger.com/profile/07262079267005441740noreply@blogger.com0