According to the article "Ohio DOI Unveils New Online Service for Ohio Agents" on insurancejournal.com, the Ohio Department of Insurance (DOI) announced that it will be providing a new online service that will help about 81,000 licensed Ohio insurance agents to keep track of their continuing education credit through the Internet.
Ohio resident insurance agents are able to log onto the Ohio DOI website to find their continuing education status, and find information about approved courses and other licensing opportunities and requirements.
Insurance companies can see the status of agents if they subscribe to the service as well. It's available 24 hours a day and the service makes it extremely convenient for agents to verify their information and keep track of their status and goals.
Aug 31, 2009
Aug 18, 2009
Phoenix Launches First Standalone Dual Coverage Universal Life Policy That Pays Benefit on the First Death
Joint Advantage UL Offers Cost Savings Over Two Standard Policies But Doesn’t Sacrifice Cash Accumulation
HARTFORD, Conn.--(BUSINESS WIRE)--The Phoenix Companies, Inc. (NYSE: PNX) today introduced Phoenix Joint Advantage Universal Life (UL), a first-to-die universal life insurance product for two lives that features flexible premiums and cash accumulation, giving customers vital insurance protection and the opportunity to grow their cash values.
Phoenix Joint Advantage UL, the first of its kind, is designed to appeal to couples or small business partners who are concerned about cash flow or liquidity on the first death. For businesses, its primary use is protecting each partner’s interest for buyout purposes.
This policy covers two lives under one policy and one premium payment. It pays a death benefit on the first death, and, if clients add the Survivor Purchase Option Rider to their policy, the surviving spouse or business partner will be able to buy a new Phoenix policy at that time with no need for medical evidence of insurability. With a Phoenix Joint Advantage UL policy, customers can meet their need for dual income replacement and stable accumulation at a cost they can afford.
"Phoenix Joint Advantage UL is an important addition to our product portfolio because, for many clients, it's a significantly cost-effective alternative to the expense of two standard UL policies," said Tom Buckingham, senior vice president, Product Development, Life and Annuity. "At a time when conserving your working capital is especially important, a life insurance solution that actually saves money is truly a valuable asset.”
"We heard from advisors that in today’s volatile markets, their clients want insurance products that offer an economical approach coupled with flexibility and an opportunity for steady cash accumulation. Phoenix Joint Advantage UL delivers on both counts," Buckingham said.
Phoenix Joint Advantage UL is highly cost effective compared to two individual UL policies. For example, a male and a female, both age 45 with face amounts of $1 million and a preferred plus risk class, would pay an annual premium cost of $12,103 for two individual UL policies. The annual premium cost for one Phoenix Joint Advantage UL Policy with Survivor Purchase Option Rider is $10,193, creating annual savings of 16 percent over two individual policies*.
Phoenix Joint Advantage UL is also very flexible, with features that include flexible premiums that allow clients to decide when and how much they want to pay. Depending on their needs, couples or business partners can elect to have different amounts of coverage on the two people being ensured. Clients can also choose either a fixed death benefit equal to the policy’s face amount or an increasing death benefit that equals the policy’s face amount added to its cash value.
Clients who prefer additional insurance protections can add the following optional riders to their policies at no additional cost: Policy Exchange Option Rider, which allows clients to exchange their Phoenix Joint Advantage UL policy for two single life policies without evidence of insurability; and, Overloan Protection Rider, which helps to prevent policy lapse (a taxable event) if loan debt should exceed cash value due to a heavily-loaned policy. Other riders available for purchase at issue include: Level Term Rider, Increasing Term Protection Rider, Survivor Purchase Option Rider, Alternative Surrender Value Rider, and Waiver of Surrender Charge Rider.
In addition to flexible premiums and insurance protections, Phoenix Joint Advantage UL lets clients who need to access their cash values take a withdrawal or a policy loan, without current income tax up to the cost basis of the initial premium.
To learn more about Phoenix Joint Advantage UL and other life insurance products available from Phoenix, agents and financial advisors can contact their Phoenix wholesaler, the Life and Annuity Sales Desk at 800-417-4769, or visit www.phoenixwm.com.
ABOUT PHOENIX
With a history dating to 1851, The Phoenix Companies, Inc. (NYSE:PNX) provides financial solutions using life insurance and annuities, with particular expertise in the high-net-worth and affluent market. In 2008, Phoenix had annual revenues of $2.0 billion and total assets of $25.8 billion.
Phoenix is a leader in the life insurance industry, with a distinguished record of industry firsts in product design and underwriting. The company's underwriting capabilities can accommodate a range of customers and risk situations and address clients' estate, business and retirement planning strategies. Phoenix also offers a complete suite of annuity products with a full spectrum of optional guarantees, and with expert technical analysis of complex annuity contracts to help customers own the right products to fit their unique needs.
*This is a hypothetical example and is used only to describe how this strategy may work. Which strategy works best for clients will depend on their individual facts and circumstances. Actual results will vary. Any representation of life insurance premium or death benefit is purely hypothetical in amount and is not a guarantee of cost or death benefit now or in the future from a specific life insurance policy. Clients will receive a personalized illustration that reflects all applicable fees and charges, including the cost of insurance.
Aug 5, 2009
Leadbot Helps Agents Increase Their Conversion Rates With Qualified Life Insurance Leads
Leadbot, the nationally recognized producer of high-quality health, annuity and life insurance leads for insurance agents and brokers, has developed a system of lead generation that... begins with the creation of popular web properties full of helpful insurance information, advice and resources. These websites are then optimized for the major search engines, including Google, Bing and Yahoo...
INN: Leadbot Helps Agents Increase Their Conversion Rates With Qualified Life Insurance Leads
INN: Leadbot Helps Agents Increase Their Conversion Rates With Qualified Life Insurance Leads
Jul 27, 2009
Auto Insurance Companies and Repair Shops
The article “Shops debate the place of insurers in the repair process” by Brian Albright on SearchAutoParts.com talks about how car designs have become more complex and expensive which is causing more and more auto insurance companies to get involved in the auto repair process.
Issues sometimes arise between repairers and insurers as the insurance companies pressure shops to cut costs. The repair shops see this as meddling as they deal with their own financial pressures. Most repair shops prefer that the insurance company give a check and stay out of the repair process, but customers find a lot value in the insurance companies taking over. In addition, insurance companies want to keep the repair shop's prices down as much as possible to save themselves money.
Not all insurance companies are getting in the way of the repair shop's agenda. State Farm auto insurance is generally seen as cooperative according to the article. Recently, they have participated in programs striving for efficiencies in the repair business. While some repair shops see this as intrusive, others see it as a positive force. Gene Regan, general manager at Causeway Collision Center in Manahawkin, NJ believes it is a productive initiative for State Farm to get involved. He sees the program bringing the repair shops and insurance companies together to learn from each other and develop better business practices. This will ultimately benefit the mutual customers who both parties look to please.
Jul 16, 2009
Chart of the Day: Madoff's 150-year sentence in context
Ex-financier Bernie Madoff, convicted of operating a $65 billion Ponzi scheme, served his first day of a 150-year prison sentence Wednesday... [but it] is only the fourth-longest given to someone for committing a white-collar crime in recent years...
Seattle PI: Chart of the Day: Madoff's 150-year sentence in context
Seattle PI: Chart of the Day: Madoff's 150-year sentence in context
Jul 10, 2009
Massachusetts Auto Insurance Rates Are Down
According to the article “Car insurance rates fall 8%, state says” by Todd Wallack in the Boston Globe, Massachusetts auto insurance rates are down since Massachusetts stopped setting their own rates in 2008. This information is from a study completed by the Division of Insurance.
The state study shows that auto insurance rates are down 8.2% from April 2008 to April 2009. The rates fell 5.2% from 2006 to 2007. In April of 2008 Massachusetts began allowing auto insurers to set their own rates which was to create controlled competition. Before this change, rates in Massachusetts were highly regulated.
Jason Lefferts is a spokesperson for the insurance division, and he said the study also found that during the last year the number of uninsured cars in Massachusetts dropped and that less people were considered high-risk drivers. Since the change in regulation, nine companies have become part of the Massachusetts auto insurance market.
Jun 30, 2009
Spending habits during a recession
There is a study recently published by M&C Saatchi, a global advertising agency with headquarters in London. It puts consumers into categories based on their behavior and reaction to the recession.
I'll get to those categories in a minute, but I think it's important to first note that the premise of this study is that while we are all effected by the recession differently depending on where we live and the local economy there, we generally are reacting to the macro economy - as it's reported by mass media.
We are bombarded daily by dismal reports of national or even global economic downturns. We cannot help but let this color our thinking. Yet, things might actually not be so bad in the immediate area around us.
So, the study and the categories are generated by how we are reacting to macroeconomics.
‘Reacting to Recession' is the name of the study. It identifies and categorizes attitudes and behavior adopted by different groups of consumers. The study finds eight consumer types with distinct approaches to spending in this recession.
Each identified group has adopted an overall specific behavior to cope financially with the downturn.
Crash Dieters
Scrimpers
Abstainers
Balancers
Treaters
Justifiers
Ostriches
Vultures
A caveat before the descriptions: they're not based on socioeconomic status, meaning that you can be in the Crash Dieter...and a millionaire.
Crash Dieters are the largest segment, grabbing 26% of adults participating in the study. The group was so named because it aims to "shed pounds" from their weekly budget by identifying and cutting out all non-essential spending until things improve. Crash Dieters are a heavily cash orientated group. Debt clearly frightens them (or is unavailable to them). They live from week to week and when the money runs out they're forced to take quite drastic action.
Scrimpers made up 13% of the study population. Cutting spending is still a main reaction, but they want to maintain their lifestyle and are reluctant to make sacrifices. "Trade down" is more their philosophy than "cut out." Cheaper stores and private labels have become more important to them.
Abstainers, like their Scrimper brethren, don't plan to make any huge cuts in spending habits. About 15% of the population are Abstainers. "The big purchases can wait until the economy improves," is what they'll tell you.
Balancers is one of the smallest groups. Nearly one in 10 people in the study fit into this category, which doesn't want to compromise or make any changes to their pre-recession lifestyle. However, a monetary crisis for them, say a job loss, triggers abrupt behavior. There's no "trading down" - It's gone.
Just over 12% of the study population are Treaters. You could describe them as Crash Dieters who occasionally binge. Every once in a while, the frugality they have adopted to deal with the recession gets rewarded by the purchase of something they promised themselves they wouldn't get.
Another 12% are Justifiers. They'll spend, but they need to have a reason - and it's not price-sensitive. If it's a newer version of something they already have, they want it and convince themselves it's a wise expenditure.
Everybody knows what an Ostrich does when it confronts danger - supposedly - and this is the way 9% of the study population is reacting to the recession. They're simply ignoring it - either because they have sufficient means to do so or because they have been brought up to believe that large balances on credit cards is the accepted norm.
At 4%, the smallest category was given the name Vultures. They're thriving on the carnage caused by the recession. Prices on many things have plummeted. They're swooping in and purchasing all they can.
The study is ostensibly for the purpose of how to market to these groups during the recession; and these distinctive categories of behavior strongly show that there may be only one recession globally...but we certainly are not all reacting to it in the same way.
Obviously, the propensity to purchase life insurance products at this time by these categories presents the same types of obstacles and challenges as any other industry.
Do you recognize yourself in any of them?
I'll get to those categories in a minute, but I think it's important to first note that the premise of this study is that while we are all effected by the recession differently depending on where we live and the local economy there, we generally are reacting to the macro economy - as it's reported by mass media.
We are bombarded daily by dismal reports of national or even global economic downturns. We cannot help but let this color our thinking. Yet, things might actually not be so bad in the immediate area around us.
So, the study and the categories are generated by how we are reacting to macroeconomics.
‘Reacting to Recession' is the name of the study. It identifies and categorizes attitudes and behavior adopted by different groups of consumers. The study finds eight consumer types with distinct approaches to spending in this recession.
Each identified group has adopted an overall specific behavior to cope financially with the downturn.
Crash Dieters
Scrimpers
Abstainers
Balancers
Treaters
Justifiers
Ostriches
Vultures
A caveat before the descriptions: they're not based on socioeconomic status, meaning that you can be in the Crash Dieter...and a millionaire.
Crash Dieters are the largest segment, grabbing 26% of adults participating in the study. The group was so named because it aims to "shed pounds" from their weekly budget by identifying and cutting out all non-essential spending until things improve. Crash Dieters are a heavily cash orientated group. Debt clearly frightens them (or is unavailable to them). They live from week to week and when the money runs out they're forced to take quite drastic action.
Scrimpers made up 13% of the study population. Cutting spending is still a main reaction, but they want to maintain their lifestyle and are reluctant to make sacrifices. "Trade down" is more their philosophy than "cut out." Cheaper stores and private labels have become more important to them.
Abstainers, like their Scrimper brethren, don't plan to make any huge cuts in spending habits. About 15% of the population are Abstainers. "The big purchases can wait until the economy improves," is what they'll tell you.
Balancers is one of the smallest groups. Nearly one in 10 people in the study fit into this category, which doesn't want to compromise or make any changes to their pre-recession lifestyle. However, a monetary crisis for them, say a job loss, triggers abrupt behavior. There's no "trading down" - It's gone.
Just over 12% of the study population are Treaters. You could describe them as Crash Dieters who occasionally binge. Every once in a while, the frugality they have adopted to deal with the recession gets rewarded by the purchase of something they promised themselves they wouldn't get.
Another 12% are Justifiers. They'll spend, but they need to have a reason - and it's not price-sensitive. If it's a newer version of something they already have, they want it and convince themselves it's a wise expenditure.
Everybody knows what an Ostrich does when it confronts danger - supposedly - and this is the way 9% of the study population is reacting to the recession. They're simply ignoring it - either because they have sufficient means to do so or because they have been brought up to believe that large balances on credit cards is the accepted norm.
At 4%, the smallest category was given the name Vultures. They're thriving on the carnage caused by the recession. Prices on many things have plummeted. They're swooping in and purchasing all they can.
The study is ostensibly for the purpose of how to market to these groups during the recession; and these distinctive categories of behavior strongly show that there may be only one recession globally...but we certainly are not all reacting to it in the same way.
Obviously, the propensity to purchase life insurance products at this time by these categories presents the same types of obstacles and challenges as any other industry.
Do you recognize yourself in any of them?
Jun 24, 2009
Health Insurance Reform - What Do Doctors Think
Lindsey Tanner wrote an article entitled “Doctors signal they’ll work with Obama” published in the Associated Press discussing Obama's meeting with the American Medical Association (AMA).
The AMA is a group of doctors representing the nation. Traditionally, the AMA is conservative and have fought previous administrations' health care reform attempts. There was speculation that they were going to create an obstacle for Obama and his health insurance plan. But after Obama spoke to the doctors at their annual meeting in Chicago, the AMA signaled that they won't close the door on his health insurance proposal. Specifically, they are not against the part where public health insurance will compete with private insurers.
Obama's trip to Chicago for this meeting shows how much the President values the AMA's support. They would have liked a stronger endorsement, but this is a small battle in the large fight ahead for the Obama administration.
The AMA is a group of doctors representing the nation. Traditionally, the AMA is conservative and have fought previous administrations' health care reform attempts. There was speculation that they were going to create an obstacle for Obama and his health insurance plan. But after Obama spoke to the doctors at their annual meeting in Chicago, the AMA signaled that they won't close the door on his health insurance proposal. Specifically, they are not against the part where public health insurance will compete with private insurers.
Obama's trip to Chicago for this meeting shows how much the President values the AMA's support. They would have liked a stronger endorsement, but this is a small battle in the large fight ahead for the Obama administration.
Jun 15, 2009
Auto Insurance Prices Drop in May
More and more Americans are trying to save money so it comes as good news that auto insurance rates dropped in May according to an article on IFAWebnews. The average rate was as low as $1871 in May, 2009. It got as high as $1950 in Sept, 2008.
It's a good time for lower auto insurance rates because industry experts say new auto sales will be increasing, potentially by 9%, in June over May. Dealers are trying to get 2009 cars off the lots to make room for the 2010 cars coming in. As buyers purchase new cars they will need to update their auto insurance policies and many will shop around. Because of the economy slump new car sales have been down. A pick up in car sales will have an impact on auto insurance. Having a new car may change your insurance rate so it's important to get a quote from numerous auto insurance companies to ensure you are getting the best deal.
It's a good time for lower auto insurance rates because industry experts say new auto sales will be increasing, potentially by 9%, in June over May. Dealers are trying to get 2009 cars off the lots to make room for the 2010 cars coming in. As buyers purchase new cars they will need to update their auto insurance policies and many will shop around. Because of the economy slump new car sales have been down. A pick up in car sales will have an impact on auto insurance. Having a new car may change your insurance rate so it's important to get a quote from numerous auto insurance companies to ensure you are getting the best deal.
Jun 9, 2009
Donegal Insurance Released Its 2009 First Quarter Earnings
On April 24, 2009 Donegal Insurance stated their 2009 first quarter earnings. The first quarter net income was $169,804 (.01 per share of Class A common stock on a diluted basis). The Company was expecting a lower net income for the First Quarter citing severe winter weather as well as an unusually high number of fire loss claims. Both of these factors adversely affected their net income 1st quarter, 2009.
Donegal Insurance is an insurance company with subsidiaries that provide personal & commercial property and casualty lines of insurance in 18 states in the US.
Donegal Insurance is an insurance company with subsidiaries that provide personal & commercial property and casualty lines of insurance in 18 states in the US.
Jun 7, 2009
Health Care Spending Needs to be Lowered
A report was released today by President Obama's economic team stating that the growth in health care spending needs to be decreased from 6% to 4.5% to show huge benefits for the economy. Some of these benefits would include creating up to 500,000 new jobs and increasing the average family income by $2600 over the next 10 years. Cutting these health insurance costs and covering the 46 million people who are currently not insured would increase economic stability by about $100 billion per year.
This goal is incredibly aggressive and barely seems possible. Obama's economic advisers realize that decreasing spending by 1.5% will be very challenging, but if the goal can be attained it could mean a huge benefit for companies, families and the US economy, which is definitely needed. Health care spending right now accounts for 18% of gross domestic product and could be up to 34% by 2040 if reform does not take place. Obama also met with industry leaders recently who are pledging to find $2 trillion in health savings over 10 years. It is definitely a priority on Obama's agenda and he thinks reform is a must.
Jun 3, 2009
Arrogance in life insurance…
If today you search for the precise words “pinnacle life insurance” via Google… what do you think you’ll see?
You’ll see Pinnacle Life’s sponsored link, obviously.
But that’s not all. You’ll also see five New Zealand life insurance brokers and two life insurance companies advertising their wares. What they’ve done is simply to hook their adverts onto the search term “Pinnacle Life Insurance”. So while you’re searching for Pinnacle Life, they’re busy trying to get themselves noticed.
Is this a problem?
Well, it isn’t a problem for Pinnacle Life, because Pinnacle’s online process and great pricing are unmatched in NZ so the comparison is actually to Pinnacle Life’s advantage. Really… this is a NON-issue. And it’s quite common practice too.
So why are we blogging about this then? And where are we going with this?
Because around six weeks ago, Pinnacle Life was threatened with legal action by one of NZ’s larger insurance companies for daring to do the same thing. That insurance company goes by the name ‘TOWER’.
Not wanting to pick a fight, we at Pinnacle Life pulled the sponsored link and that we thought was the end of it.
Not so.
One of the sponsored links running alongside a Pinnacle Life Insurance search today is… you guessed it… TOWER Health & Life.
And so it was sheer indignation that has led us to write this blog.
TOWER provided several formal arguments as to why Pinnacle Life’s actions were legally and morally wrong. And then just weeks after making such a fuss and calling in their lawyers, TOWER go and do exactly the same thing!
Will Pinnacle Life call in the lawyers?
Of course not. That behaviour is more typical of your regular, old fashioned, overpriced life insurance company.
May 31, 2009
Online Car Insurance Tips
1. The first thing we talk about is convenience. You can quickly do comparison shopping among several insurance providers to determine where you want to purchase your car insurance. The nice thing is you can do this from the convenience of your own home.
In the past you had to scour the yellow pages, pick up the phone, and start making calls talking agents. Many people did not enjoy this because, if you've ever spent any time on the phone with an insurance agent it's difficult to get off the phone without purchasing from them.
2. Comparison-shopping allows you to determine what online car insurance is best for your situation. Many car insurance providers offer online calculators that allow you to punch in variables in regards to things such as number of drivers, the ages of the drivers, where you live, how many miles you drive to work, and so on.
You can then determine the various deductibles that they offer and come up with what your monthly premium would be. You also know right up front how much money your first payment would have to be and whether there are discounts for paying six months or 12 months in advance.
3. The savings that you can make by dealing directly with the company can be attained by by-passing the middleman, which is the insurance agent themselves. This is not for everybody, however, as some people prefer to have counseling provided to them by an insurance agent. You will have to determine whether you need help or whether purchasing online car insurance is something you can do yourself.
May 29, 2009
6 It should know when buying Life Insurance first
6 It should know when buying Life Insurance first
1. Understand why Cần Buy InsuranceMost of all we need life insurance at a time in life, but never purchased insurance because hearing other people say it is a good idea. Life insurance is designed to give families a full financial security in case the wife or husband having to uncertainties, or when your parents have to uncertainties. Life insurance can help pay the house, money for college, help supplement retirement funds, to a property here at the same time is another important factor in plan assets. In short, if you have a relative to your income, you should think of life insurance. Even if you think you have no need now, you still should think of buying with a small amount as a starting point. Because, as the child life insurance as cheap.
2. Amount determined Insurance required
The amount that families or inherit will receive after your death is called the amount of insurance. To determine the amount of insurance need, you can use a computer on the network or New York Life www.insure.com network. After using the computer, you will get one guess yourself. Easiest method to obtain the amount of annual salary to 8. Method in more detail as all the monthly charges which family you must pay after you meet uncertainties. Remember always to be public costs and consequences of spending it on home, and fees. Retrieved total monthly charges for that 0:07. This figure indicates that 7% of the total money will be used to pay for monthly charges. Get that amount plus the costs need to pay once, you will estimate the amount of life insurance need. Yes you can measure the amount of life insurance need when using the computer, but the machines that you can not. It can not give you an answer last. Computer only for you the whole "on theory" but are based on the facts are different, the computer will give the different results. Should only use the computer to learn more about how to calculate the amount of life insurance products and other financial, however, you will feel more secure when you talk to a professional as representative by New York Life.
3. Please Choose a Type of Agreement Matches
Once the amount has been estimated for life insurance, should think of the kind which suit your needs. Today, life insurance becomes more diverse and plentiful, but they also have the 4 basic types of life that is periodic, life for life, full of life, and life have changed. One of 4 basic types will match the buy life insurance first.
Life Insurance Dinh Ky
Insurance period will only provide protection in a given period of time. The amount of insurance can be used to liquidate the debt and when you encounter the uncertainties. Life insurance regular insurance is less expensive and enjoy the pure amount of insurance. This agreement will not accumulate cash, and often do not receive a share.
Insurance period may be an ideal choice when you get the time needed insurance. This agreement can only protection needs only exist in a certain time, such as university funds or loan money home loan. Those aged 20 to 30 usually buy insurance period and conversion through life insurance (Insurance Through reading For the bottom). Conversion rights for the period to ensure that they can convert any of the health status is.
New York Life has many types of insurance such as 5-year period, 10 years and 20 years.
Life Insurance For Suốt
Opposed to regular insurance, life insurance will protect you throughout life from start to purchase insurance to go, and of course the conditions have to pay regularly. The difference is the second life insurance life accrue cash value. Form of a loan from the contract, you can use the cash value to the objectives for the various funds and cash funds for additional retirement income. However, you must pay on borrowed money and borrowed money with the convenience will be deducted from the amount insured. Contract for life insurance guaranteed throughout the life of you, regardless of health status as when alive and of course must be closed to regular fees.
Contract for life insurance qualify to receive money pass. Pass money is money that a company drawn from surplus funds and are for the owner. (Money's share can be used under many different methods such as cash received, or used to pay the premium monthly, or accrued to a receipt, or used to purchase additional life insurance prepaid full insurance coverage. Tiền pass does not guarantee.) Life insurance for life offer a lasting solution to the financial worries such as:
* Pay the debt: the amount of insurance can be used to pay debt and cut the debt in case you are having uncertainties
* Conservation of assets: life insurance life can bring money to pay the cost of housing and help from having to sell assets or borrow money to pay expenses
* Pension Fund: cash value can be drawn through the method of loan terms, or to supplement retirement income. Loan amount will be deducted from the amount of insurance
* Money Charity: the life insurance for life can help you contribute to charitable funds that popular after death
* Business needs: life insurance for life can be a valuable benefit for managers and staff to ensure the future financial enterprises
New York Life provides the life insurance life diverse as Life Insurance Conversion (Modified Premium Whole Life), and Life Insurance For Life (Survivorship Whole Life).
Life insurance whole Năng
Life insurance to provide full protection for life and accumulated cash value basis should postpone the tax. Life insurance with all the other life insurance points in life that you can choose the amount of insurance is suitable for families. With life insurance to all, you can increase or decrease the amount of insurance you need to change and can check the times of payment of fees. The contract can be designed with additional terms to suit the lifestyle of each person.
Life Insurance Most variable
Life insurance has variable flexibility in the amount of closing costs, the life insurance life allows the owner to divide the premium into a variety of different investments, including fixed account. Life insurance usually has variable provide insurance money on the basic income tax exemption, the cash value increases on the basis refunds, and can be withdrawn through the method of borrowing or withdrawing money, the This may reduce the amount of insurance. Loan amount and you'll be deducted from the amount insured. The amount drawn will also reduce the amount of insurance, cash value and may have to pay.
4. Evaluation capacity of the Company
Insurance contract is only good when a company has good support. You should look away from the company's release of the still existing in the future to serve and make the promise to pay insurance when needed. To help see the company is strong, the organization evaluates Financial capacity has ratings of insurance companies based on the quality of the gym, the quality of the investment method, and financial cover. The ranking is considered as the independent evaluation of the ability to pay insurance compensation in time and financial obligations other. This is the core of a company life insurance. 4 organization capacity evaluation leading Financial: AM Best, Standard and Poors, Moody's and Fitch.
Each organization evaluated based on criteria quite different. When looking at the ranking of a company will help you look on the general financial strength of that company. 4 Organization has ranked New York Life to the highest ranking.
5. Reference to Representative
Representative to bring an invaluable service. First, representative to help you analyze the factors that "people" and into items of insurance to help determine the amount of insurance need. The relationship between representative and client relationship is eternal. 2, the representative can help you update the amount the insurance needs change. They can also help guide decisions about finances, reduce a burden in life. Click here to have discussions with representatives New York Life.
6. Understand words expert
The discussions on insurance will include words such as cash value, insurance coverage, divided by money, insurance money, and more. To discuss a master, here's a short summary part of the terms used.
* Cash Value: in life insurance for life, it means that the amount accumulated on the
* A Division of Money: A surplus of the company divided by the owner of the
* Support the Company: An insurance company has no stock or shareholders, as it is the owner. New York Life is a mutual company
* Insurance coverage in the insurance, the amount is limited to keep the contract value
If you have any questions about this article or product by New York Life? Please call toll free 1-877-NYL-VIET (1-877-695-8438) for a discussion with representatives New York Life.
The offering documents (policies, contracts) for all New York Life and its subsidiaries products are available only in English. In the event of a dispute, the provision in the policies and contracts will prevail.
Documents (rules, contracts) and products by New York Life and branches of New York Life provided only in English. In case of dispute, the terms in the rules and used the official.
May 28, 2009
Reasons to Buy Whole Life Insurance
One of the most common questions about life insurance is whether you should you buy term life insurance or whole life insurance? This article gives some reasons why whole life insurance may fit your needs better than term life insurance. As always, consult with a financial planner.
This is a guest post from “My Journey” from My Journey to Millions. My Journey to Millions offers his readers basic financial planning advice all the way up to advanced estate tax planning , while tracking his journey from debt to Millions. If you like the post please subscribe to his feed.
I want to be honest and upfront, I did not come up with this post on my own, it was inspired from Neal Frankle’s guest post on this blog titled, “How Much Life Insurance Do You Need?” Neal wrote a great article about term insurance and how whole life is usually inapplicable stating,
1. Only buy term life insurance for income replacement and family protection.
2. Think of life insurance in terms of income replacement. How much income will you need and for how long?
Once you determine that, it’s easy to figure out how much you need to buy.
I think it is the word, only, that usually gets me going, but in a good way. It has inspired me to write 6 Reasons when to Use Whole Life Insurance. Why 6? Seems substantially more than 5, but less than those long 10 lists!
Reasons to Buy Whole Life Insurance
1. You have a Special Needs Child - The whole argument that your child’s need for a lump sum ends at 18 or 22 is completely and utterly thrown out the window. In fact, it should 1000% be placed in a Third Party Special Needs Trust.
2. You have a liquidity Issue with your Estate – Most people who owe a federal estate tax (the top 2%) or a state estate tax (a heck of a lot more people than 2%) usually don’t have the actual cash to pay for it regardless of how rich they are. Want a cool example? Well it is a cool example for everyone except Joe Robbie’s Family. In 1990 when he died his family was forced to sell the Dolphins because they owed $47,000,000 in estate taxes. Yes that is 47 MILLION that the federal government got a hold of.
3. You have a charitable intent – If it makes you happy to get your name on a building for the university or hospital of your choice, you can. And possible for very little out of pocket. Yup, you know what I am talking about…getting a permanent life insurance policy because your charitable intent will not be gone in 20 years. Additionally, depending on who owns the policy, payment of premiums may be an income tax deduction or upon eventual death an estate tax deduction.
4. You have family health issues – Most whole life policies have riders that allow you to increase your coverage without additional testing. This could be a huge reason for most people.
5. You want additional diversification – I’ll be the first to admit this isn’t a great reason, but this is one of the reasons I received for the purchase of another whole life policy from the client. He watched literally every investment decline in value while his cash portion of his whole life went way up (he is late into his policy). I would never use whole life insurance as an investment, nor should you buy it as such, but this particular man did.
6. You own a business and want to take care of succession during life – Picture this…you are running a business with a partner. The partner dies and you now share business ownership with his surviving spouse or bratty children. By using a buy-sell funded with a whole life policy, you could have bought their shares. You get a step up for half of your shares (boring capital gains stuff) and the partner’s family has the liquid dollars they need. Why not buy cheap term life insurance? Because hopefully your business lasts a long long time and now instead of being 50 and uninsurable, your whole life insurance policy lasts until a later age.
Disclaimer & little about the Author: I do not have any whole life insurance, but hope to purchase some by the end of the year. The reason I do not have any is because I am currently ridding myself of all consumer debt. As I have indicated on My Journey to Millions I am licensed to sell life insurance in the State of New York, and will be licensed to practice law in the State of New York in two weeks. Check with your financial or legal advisor before making any decisions.
This is a guest post from “My Journey” from My Journey to Millions. My Journey to Millions offers his readers basic financial planning advice all the way up to advanced estate tax planning , while tracking his journey from debt to Millions. If you like the post please subscribe to his feed.
I want to be honest and upfront, I did not come up with this post on my own, it was inspired from Neal Frankle’s guest post on this blog titled, “How Much Life Insurance Do You Need?” Neal wrote a great article about term insurance and how whole life is usually inapplicable stating,
1. Only buy term life insurance for income replacement and family protection.
2. Think of life insurance in terms of income replacement. How much income will you need and for how long?
Once you determine that, it’s easy to figure out how much you need to buy.
I think it is the word, only, that usually gets me going, but in a good way. It has inspired me to write 6 Reasons when to Use Whole Life Insurance. Why 6? Seems substantially more than 5, but less than those long 10 lists!
Reasons to Buy Whole Life Insurance
1. You have a Special Needs Child - The whole argument that your child’s need for a lump sum ends at 18 or 22 is completely and utterly thrown out the window. In fact, it should 1000% be placed in a Third Party Special Needs Trust.
2. You have a liquidity Issue with your Estate – Most people who owe a federal estate tax (the top 2%) or a state estate tax (a heck of a lot more people than 2%) usually don’t have the actual cash to pay for it regardless of how rich they are. Want a cool example? Well it is a cool example for everyone except Joe Robbie’s Family. In 1990 when he died his family was forced to sell the Dolphins because they owed $47,000,000 in estate taxes. Yes that is 47 MILLION that the federal government got a hold of.
3. You have a charitable intent – If it makes you happy to get your name on a building for the university or hospital of your choice, you can. And possible for very little out of pocket. Yup, you know what I am talking about…getting a permanent life insurance policy because your charitable intent will not be gone in 20 years. Additionally, depending on who owns the policy, payment of premiums may be an income tax deduction or upon eventual death an estate tax deduction.
4. You have family health issues – Most whole life policies have riders that allow you to increase your coverage without additional testing. This could be a huge reason for most people.
5. You want additional diversification – I’ll be the first to admit this isn’t a great reason, but this is one of the reasons I received for the purchase of another whole life policy from the client. He watched literally every investment decline in value while his cash portion of his whole life went way up (he is late into his policy). I would never use whole life insurance as an investment, nor should you buy it as such, but this particular man did.
6. You own a business and want to take care of succession during life – Picture this…you are running a business with a partner. The partner dies and you now share business ownership with his surviving spouse or bratty children. By using a buy-sell funded with a whole life policy, you could have bought their shares. You get a step up for half of your shares (boring capital gains stuff) and the partner’s family has the liquid dollars they need. Why not buy cheap term life insurance? Because hopefully your business lasts a long long time and now instead of being 50 and uninsurable, your whole life insurance policy lasts until a later age.
Disclaimer & little about the Author: I do not have any whole life insurance, but hope to purchase some by the end of the year. The reason I do not have any is because I am currently ridding myself of all consumer debt. As I have indicated on My Journey to Millions I am licensed to sell life insurance in the State of New York, and will be licensed to practice law in the State of New York in two weeks. Check with your financial or legal advisor before making any decisions.
May 25, 2009
Tips On International Insurance
Is there anything like the excitement feeling when you leave on a vacation overseas? You count down the days to your trip, looking at red X’s in your calendar. You’ve packed your bags, prepared your tickets, and also prepared your passport for a stamp. You’ll be on your way before you know it! But what if something undesired happens on your way to vacation? What if the weather will stress your health? You’ll get sick? Lose your luggage? In that case, we have a couple suggestions of how you might act in making your trip maximum smooth. Even in cases of unthinkable things taking place.
Overseas insurance pack - what is it?
Most insurance companies are offering full-overseas insurance packs. They start with minimum seven-day coverage, costing lass than $50 per person. Your destination staying period, age and number of people in your party determine the price. They generally embrace:
* Dental and medical emergency
* Urgent medical evacuation
* Accidental dismemberment and death
* Remains’ home coming
* Dependent children return and visitor to bedside
* Damaged or lost luggage
* Protection of a rental car
* Pre-existing condition refusal
* Cancellation/ interruption/ delay/ default of the trip
Things to check, before leaving
Health Insurance: Health insurance isn’t extended outside the U.S. in most cases. Therefore, checking with your insurance and seeing your exact entail coverage is a smart idea.
Lost Luggage Insurance: That’s an insurance you really have to check up on before leaving to your overseas holiday. Even though homeowner’s insurance policies cover destruction or theft of your property, they don’t cover things not listed in the actual policy. So, having a lost luggage insurance adds confidence that your bags contents, lost during vacation, will be covered.
Car Insurance: If you’re planning to rent a car to ride, whence you’re overseas, applying for an international driver license would be a good idea. Don’t forget to read the driving rules in the country you’re going to. They surely may differ from those in U.S. Before you leave, be sure to have adequate car insurance. Your personal auto insurance policy won’t cover, if you’re out of U.S., unless you have a real umbrella policy that’ll cover you worldwide. You can contact your personal insurance company to do this.
Trip Interruption Insurance: Canceling your trip due to conditions that are not in your control is the worst thing to happen. Now there is an insurance called “trip interruption insurance”. It can help you cover part, or even all of the money you paid on canceled trip. Cancel can be caused by weather inclemency. Or a cruise line you booked on might go out of business, before your date of departure. Another thing about this type of insurance is that you might be covered for the hotel and flight costs, if you’ve had to cancel the trip because of death in the family or sickness.
Overseas insurance pack - what is it?
Most insurance companies are offering full-overseas insurance packs. They start with minimum seven-day coverage, costing lass than $50 per person. Your destination staying period, age and number of people in your party determine the price. They generally embrace:
* Dental and medical emergency
* Urgent medical evacuation
* Accidental dismemberment and death
* Remains’ home coming
* Dependent children return and visitor to bedside
* Damaged or lost luggage
* Protection of a rental car
* Pre-existing condition refusal
* Cancellation/ interruption/ delay/ default of the trip
Things to check, before leaving
Health Insurance: Health insurance isn’t extended outside the U.S. in most cases. Therefore, checking with your insurance and seeing your exact entail coverage is a smart idea.
Lost Luggage Insurance: That’s an insurance you really have to check up on before leaving to your overseas holiday. Even though homeowner’s insurance policies cover destruction or theft of your property, they don’t cover things not listed in the actual policy. So, having a lost luggage insurance adds confidence that your bags contents, lost during vacation, will be covered.
Car Insurance: If you’re planning to rent a car to ride, whence you’re overseas, applying for an international driver license would be a good idea. Don’t forget to read the driving rules in the country you’re going to. They surely may differ from those in U.S. Before you leave, be sure to have adequate car insurance. Your personal auto insurance policy won’t cover, if you’re out of U.S., unless you have a real umbrella policy that’ll cover you worldwide. You can contact your personal insurance company to do this.
Trip Interruption Insurance: Canceling your trip due to conditions that are not in your control is the worst thing to happen. Now there is an insurance called “trip interruption insurance”. It can help you cover part, or even all of the money you paid on canceled trip. Cancel can be caused by weather inclemency. Or a cruise line you booked on might go out of business, before your date of departure. Another thing about this type of insurance is that you might be covered for the hotel and flight costs, if you’ve had to cancel the trip because of death in the family or sickness.
May 24, 2009
Uninsured Motorists Coverage: 8 Answers You Need
Why do you need to buy Uninsured/Underinsured (UM/UIM) motorist coverage? Because the number of uninsured drivers is rising. The Insurance Research Council estimates that almost 14% of drivers don't have auto insurance – and by 2010 it could reach 16%. Forget swine flu. The real epidemic is people driving without auto insurance!
We get questions every day from people asking why they need UM/UIM coverage and how they should handle uninsured motorist claims. For a quick overview of the basics, jump to the bottom. For the answers you need, keep reading.
1. Does UM/UIM cover property damage in hit-and-run accidents?
Almost never. Accidents where the other driver can't be identified are handled under your own Collision coverage. This includes accidents where a hit-and-run driver damages your car while it's parked. It may not seem fair to have to pay for something that wasn't your fault, but it keeps auto insurance rates lower for the majority of uninsured accidents.
2. Should I buy UM/UIM if I already have health insurance?
Absolutely! Always buy Uninsured/Underinsured motorist coverage, because it pays for many things that other types of insurance usually don't, such as lost wages and pain and suffering. So, it's not really a waste to purchase it even if you think you're covered otherwise. Plus, if you have a high deductible for your health insurance, UM/UIM can cover your deductible.
3. Why should I pay for auto insurance that basically covers other drivers? Doesn't UM/UIM encourage people to drive without insurance?
UM/UIM coverage protects you and your family and passengers, not the other driver. It's true that the person who hit you should have purchased the coverage, but having UM coverage allows you to quickly receive payment for your claim, saving you the time and expense of suing the other driver. Rest assured your insurance company will pursue the guilty driver to recover the money they had to pay.
4. Will I get paid if the other driver denies fault?
The other driver doesn't need to admit fault. Your auto insurance company (or a court) will determine fault and handle your UM/UIM claim based on their investigation of the facts. If they find the uninsured driver at fault, then you will be entitled to payment up to the limits of UM/UIM coverage you purchased.
5. How much money can I collect under my UM/UIM coverage?
You can never collect more than your policy's UM/UIM limit for claims under this coverage. Most people buy UM/UIM coverage in an amount that matches their Bodily Injury Liability (BI) limits, but you can choose to buy less UM/UIM coverage if you wish. For example, if you buy 100/300 BI limits (100 per person/300 per accident), but choose to buy 50/100 limits for UM/UIM, you can collect up to $50,000 per person in an accident with an uninsured driver, up to a maximum of $100,000 for all drivers injured in the same accident.
For UIM coverage, the total amount you can collect from both the other driver's insurance company and your own is the number shown on your policy – in this example 50/100. You don't normally add that to what you get from the other driver – although you can in a few states.
6. Can I make a claim on the other driver's UM/UIM coverage?
No. UM/UIM coverage is something you buy to protect yourself – and your property, if you purchase UMPD coverage. You're essentially protecting yourself from drivers who don't have auto insurance or don't have enough to pay for accidents they cause.
7. Should I get UMPD coverage instead of Collision coverage? Which is better?
UMPD is only available in certain states, so unless it was offered to you when you bought your policy, it's probably not an option. And, if you're making a loan or lease payment on your car, you'll be required to buy Collision coverage, until it's paid for. After that, you can choose – knowing that UMPD coverage will only pay for damage caused by an uninsured driver you can identify.
So, if you have to pick one, remember that Collision coverage will pay for all situations involving an accidental Collision. If opting for Collision coverage simply won't work financially, UMPD can serve as a last resort. In a limited number of states and situations, you can purchase both, and we recommend you do so, if that option is available.
8. Does UMPD coverage pay for car damage from hitting a car part lying in the road?
Unfortunately, it doesn't, unless you can prove that it came from a specific uninsured motorist. Remember that the coverage you've purchased is Uninsured Motorists Property Damage coverage – so you must find the motorist who's at fault before you can get paid.
Uninsured Motorists Coverage Basics
Uninsured/Underinsured motorists coverage (UM/UIM) refers to two separate but similar coverages: UM (Uninsured) and UIM (Underinsured).
1. UM: This coverage can be divided into Uninsured Motorist Bodily Injury (UMBI) and Uninsured Motorist Property Damage (UMPD). Both are comparatively cheap coverages.
* UMBI can pay for injuries to people protected under your policy – including family members in other cars and passengers in your insured cars – resulting from a car accident caused by an uninsured driver. A driver is uninsured if: they have no legal auto insurance, they have insurance but their company can't or won't pay or they are a hit-and-run driver.
* UMPD can pay for damage to your car by an uninsured driver you can identify, but almost never a hit-and-run driver. If you're lucky enough to have the option of purchasing UMPD and Collision coverage, UMPD usually pays your Collision deductible only.
2. UIM can pay for injuries the same way UMBI does, but for drivers who have auto insurance that is lower than your policy's limit and not enough to cover the bills.
^ Back to top.
For more information, see Why You Need Uninsured/Underinsured Motorist Coverage.
Looking for different information? Have questions or feedback? Please let us know.
We get questions every day from people asking why they need UM/UIM coverage and how they should handle uninsured motorist claims. For a quick overview of the basics, jump to the bottom. For the answers you need, keep reading.
1. Does UM/UIM cover property damage in hit-and-run accidents?
Almost never. Accidents where the other driver can't be identified are handled under your own Collision coverage. This includes accidents where a hit-and-run driver damages your car while it's parked. It may not seem fair to have to pay for something that wasn't your fault, but it keeps auto insurance rates lower for the majority of uninsured accidents.
2. Should I buy UM/UIM if I already have health insurance?
Absolutely! Always buy Uninsured/Underinsured motorist coverage, because it pays for many things that other types of insurance usually don't, such as lost wages and pain and suffering. So, it's not really a waste to purchase it even if you think you're covered otherwise. Plus, if you have a high deductible for your health insurance, UM/UIM can cover your deductible.
3. Why should I pay for auto insurance that basically covers other drivers? Doesn't UM/UIM encourage people to drive without insurance?
UM/UIM coverage protects you and your family and passengers, not the other driver. It's true that the person who hit you should have purchased the coverage, but having UM coverage allows you to quickly receive payment for your claim, saving you the time and expense of suing the other driver. Rest assured your insurance company will pursue the guilty driver to recover the money they had to pay.
4. Will I get paid if the other driver denies fault?
The other driver doesn't need to admit fault. Your auto insurance company (or a court) will determine fault and handle your UM/UIM claim based on their investigation of the facts. If they find the uninsured driver at fault, then you will be entitled to payment up to the limits of UM/UIM coverage you purchased.
5. How much money can I collect under my UM/UIM coverage?
You can never collect more than your policy's UM/UIM limit for claims under this coverage. Most people buy UM/UIM coverage in an amount that matches their Bodily Injury Liability (BI) limits, but you can choose to buy less UM/UIM coverage if you wish. For example, if you buy 100/300 BI limits (100 per person/300 per accident), but choose to buy 50/100 limits for UM/UIM, you can collect up to $50,000 per person in an accident with an uninsured driver, up to a maximum of $100,000 for all drivers injured in the same accident.
For UIM coverage, the total amount you can collect from both the other driver's insurance company and your own is the number shown on your policy – in this example 50/100. You don't normally add that to what you get from the other driver – although you can in a few states.
6. Can I make a claim on the other driver's UM/UIM coverage?
No. UM/UIM coverage is something you buy to protect yourself – and your property, if you purchase UMPD coverage. You're essentially protecting yourself from drivers who don't have auto insurance or don't have enough to pay for accidents they cause.
7. Should I get UMPD coverage instead of Collision coverage? Which is better?
UMPD is only available in certain states, so unless it was offered to you when you bought your policy, it's probably not an option. And, if you're making a loan or lease payment on your car, you'll be required to buy Collision coverage, until it's paid for. After that, you can choose – knowing that UMPD coverage will only pay for damage caused by an uninsured driver you can identify.
So, if you have to pick one, remember that Collision coverage will pay for all situations involving an accidental Collision. If opting for Collision coverage simply won't work financially, UMPD can serve as a last resort. In a limited number of states and situations, you can purchase both, and we recommend you do so, if that option is available.
8. Does UMPD coverage pay for car damage from hitting a car part lying in the road?
Unfortunately, it doesn't, unless you can prove that it came from a specific uninsured motorist. Remember that the coverage you've purchased is Uninsured Motorists Property Damage coverage – so you must find the motorist who's at fault before you can get paid.
Uninsured Motorists Coverage Basics
Uninsured/Underinsured motorists coverage (UM/UIM) refers to two separate but similar coverages: UM (Uninsured) and UIM (Underinsured).
1. UM: This coverage can be divided into Uninsured Motorist Bodily Injury (UMBI) and Uninsured Motorist Property Damage (UMPD). Both are comparatively cheap coverages.
* UMBI can pay for injuries to people protected under your policy – including family members in other cars and passengers in your insured cars – resulting from a car accident caused by an uninsured driver. A driver is uninsured if: they have no legal auto insurance, they have insurance but their company can't or won't pay or they are a hit-and-run driver.
* UMPD can pay for damage to your car by an uninsured driver you can identify, but almost never a hit-and-run driver. If you're lucky enough to have the option of purchasing UMPD and Collision coverage, UMPD usually pays your Collision deductible only.
2. UIM can pay for injuries the same way UMBI does, but for drivers who have auto insurance that is lower than your policy's limit and not enough to cover the bills.
^ Back to top.
For more information, see Why You Need Uninsured/Underinsured Motorist Coverage.
Looking for different information? Have questions or feedback? Please let us know.
May 23, 2009
Insuring without insurance
When crisis strikes, how do you cope when there are no insurance markets for you to insurance against loss in? A new paper by Futoshi Yamauchi, Yisehac Yohannes and Agnes Quisumbing tries to answer the question by looking at disasters in Bangladesh, Ethiopia and Malawi. What they find is that individuals with better nutrition and human capital fare better. This is a form of self-insurance via investment in biological assets rather than financial assets. Having good nutrition and health allows you to make it physically through times of crisis. Education allows for the transfer of wealth through time and this is wealth you cannot lose to a disaster and it is very portable should you have to move.
The paper's abstract reads
This paper examines the impacts of disasters on dynamic human capital production using panel data from Bangladesh, Ethiopia, and Malawi. The empirical results show that the accumulation of biological human capital prior to disasters helps children maintain investments in the post-disaster period. Biological human capital formed in early childhood (long-term nutritional status) plays a role of insurance with resilience to disasters by protecting schooling investment and outcomes, although disasters have negative impacts on investment. In Bangladesh, children with more biological human capital are less affected by the adverse effects of floods, and the rate of investment increases with the initial human capital stock in the post-disaster recovery process. In Ethiopia and Malawi, where droughts are rather frequent, exposure to highly frequent droughts in some cases reduces schooling investment but the negative impacts are larger among children embodying less biological human capital. Asset holdings prior to the disasters, especially the household's stock of intellectual human capital, also helps maintain schooling investments at least to the same degree as the stock of human capital accumulated in children prior to the disasters.
The paper's abstract reads
This paper examines the impacts of disasters on dynamic human capital production using panel data from Bangladesh, Ethiopia, and Malawi. The empirical results show that the accumulation of biological human capital prior to disasters helps children maintain investments in the post-disaster period. Biological human capital formed in early childhood (long-term nutritional status) plays a role of insurance with resilience to disasters by protecting schooling investment and outcomes, although disasters have negative impacts on investment. In Bangladesh, children with more biological human capital are less affected by the adverse effects of floods, and the rate of investment increases with the initial human capital stock in the post-disaster recovery process. In Ethiopia and Malawi, where droughts are rather frequent, exposure to highly frequent droughts in some cases reduces schooling investment but the negative impacts are larger among children embodying less biological human capital. Asset holdings prior to the disasters, especially the household's stock of intellectual human capital, also helps maintain schooling investments at least to the same degree as the stock of human capital accumulated in children prior to the disasters.
May 20, 2009
4 Homeowner Insurance Tips
Having homeowner insurance is not only smart in many cases is required by your mortgage company. Because a home is the single largest asset most people will have it is important that you properly insure it. Homeowners insurance is nothing more than peace of mind that you are protecting your home and all valuables in it.
Here are four home owner insurance tips to help you do just that.
1. Calculate the value of your home, including all of its contents and insurance on that. When possible insurance is based on replacement cost, and does not include the value of the land.
Although you pay property taxes based on the value of the home the replacement cost is not always going to be the same as the evaluation for it.
2. Use the Internet to do comparison shopping. You can quickly compare coverage to determine if your current homeowners insurance is properly priced or whether you should consider switching companies. Besides convenience the Internet allows you to see what is going on with your account as well.
3. Set your deductibles, according to what is required by law as well as what you can afford. Many times people pay more than they really need to.
4. Using agent, if you're not comfortable in making these decisions yourself. Because of the value of a home many times dealing with a reputable company, and even a local agent is a good idea.
This is especially true when you have to file a claim due to damage to your home for some reason. Then you really understand the value of having good homeowner insurance.
May 17, 2009
When To Shop Your Auto Insurance
So it really isn't the initial policy that you have to worry about.
But what happens when your premium comes up for renewal. Have you noticed increases that are unexplained. If you have not had any tickets, or major changes in your life such as adding a teenage driver or moving to a metropolitan area, then you really need to shop your insurance on an annual basis.
Auto insurance is just protection against what could happen in the future. The sad thing about it is that whenever you have a claim you can almost always expect a rate increase.
So what happens is people tend to not file a claim unless they absolutely must. This leads to them paying their insurance rates and hoping that they're getting the best rate.
With the Internet there's really no excuse for that, as you can compare your current policy against virtually every auto insurance company online. At the very least you should do this at least once a year before your policy updates.
If you don't like the service you're getting that is another reason that you may want to do some shopping. You are a valued customer and should be treated as such.
This is a couple tips on when to shop your auto insurance. The key is that you know what your coverage is now, what you are paying for it, and then take the time to compare that to see what it could be
May 16, 2009
4 Homeowner Insurance Tips
Having homeowner insurance is not only smart in many cases is required by your mortgage company. Because a home is the single largest asset most people will have it is important that you properly insure it. Homeowners insurance is nothing more than peace of mind that you are protecting your home and all valuables in it.
Here are four home owner insurance tips to help you do just that.
1. Calculate the value of your home, including all of its contents and insurance on that. When possible insurance is based on replacement cost, and does not include the value of the land.
Although you pay property taxes based on the value of the home the replacement cost is not always going to be the same as the evaluation for it.
2. Use the Internet to do comparison shopping. You can quickly compare coverage to determine if your current homeowners insurance is properly priced or whether you should consider switching companies. Besides convenience the Internet allows you to see what is going on with your account as well.
3. Set your deductibles, according to what is required by law as well as what you can afford. Many times people pay more than they really need to.
4. Using agent, if you're not comfortable in making these decisions yourself. Because of the value of a home many times dealing with a reputable company, and even a local agent is a good idea.
This is especially true when you have to file a claim due to damage to your home for some reason. Then you really understand the value of having good homeowner insurance.
May 14, 2009
Online Car Insurance Tips
1. The first thing we talk about is convenience. You can quickly do comparison shopping among several insurance providers to determine where you want to purchase your car insurance. The nice thing is you can do this from the convenience of your own home.
In the past you had to scour the yellow pages, pick up the phone, and start making calls talking agents. Many people did not enjoy this because, if you've ever spent any time on the phone with an insurance agent it's difficult to get off the phone without purchasing from them.
2. Comparison-shopping allows you to determine what online car insurance is best for your situation. Many car insurance providers offer online calculators that allow you to punch in variables in regards to things such as number of drivers, the ages of the drivers, where you live, how many miles you drive to work, and so on.
You can then determine the various deductibles that they offer and come up with what your monthly premium would be. You also know right up front how much money your first payment would have to be and whether there are discounts for paying six months or 12 months in advance.
3. The savings that you can make by dealing directly with the company can be attained by by-passing the middleman, which is the insurance agent themselves. This is not for everybody, however, as some people prefer to have counseling provided to them by an insurance agent. You will have to determine whether you need help or whether purchasing online car insurance is something you can do yourself
May 12, 2009
Seo blogger - get traffic your blog
It’s the dream of every blogger to get a lot of traffic, but something first time bloggers often don’t realize is that just publishing a few posts will not get them regular readers. I am no expert in getting traffic, but I have been working on a few things which has increased my traffic a lot.
When I first started this blog I used to get only about 10-20 visitors a day.
After the first few months, I started getting traffic from Google and other search engines and my unique visitors increased to about 100 a day. Now for the past few weeks I have been getting about 550 visitors a day.
The sudden increase in traffic I had from about 100-500 visitors was mainly because my recent posts were linked back from many sites. So yes, linking can get you traffic depending on which sites link to you. Links can be thought of as the currency of blogs.
I received a lot of emails (even while writing this) from bloggers asking how they can get more traffic, I hope this helps…
Blog Design
A good design won’t bring you traffic but it will get your visitors to stay longer. No one will stay on your blog too long if the layout or navigation annoys them. So the first thing to do is to select a good theme for your blog and then design your own header. The goal is to have a unique blog that stands out from all other blogs (making your visitors want to come back again and again).
Often bloggers select a theme and forget about the design. The problem here is that your blog will look similar to hundreds of blogs that use the same theme.
Your design should allow your visitors to access the main pages of your blog and to contact you easily. Your blog should have an about page and an author photo. The more a reader knows about you, the more they trust your content.
Quality Content
Your blog should have good content inorder to keep your visitors coming back. By good content I mean well written posts that are unique and useful at the same time. Writing original content is definitely the key.
Do not copy-paste contents directly from other blogs to your blog. Re-blogging is a bad thing and will kill your traffic. The solution here is to write that content in your own words adding your own unique ideas to it. And don’t forget to link to the original post.
The more engaged you are with your content, the more interesting it will be.
Get Links
The more links you have the more traffic you get. Like I said before links are the currency of blogs. So how do you go about getting links to your blog?
Well written posts are often linked back by many sites. You are lucky if you get linked by heavily trafficked sites.
Another way is to get links from other bloggers. Link to their blogs and ask them politely to do the same for you. Also visit the ‘links’ section of a blog (if they have one) and check for a link exchange form. If there is, submit your blog after linking to theirs.
You may also take part in other link exchanging programs.
Join Conversations
Most of my first visitors came to my blog because I left a comment on theirs. When you comment on a blog leave your blog address. Often people like to know who is reading their blog and will come visiting you.Readers of that blog will also pay a visit to your blog.But do not comment just for the sake of it. Make genuine comments that relate with the post. In the process you will not only get visitors to your blog but might also make friends.
Take part in Blog Top Sites
Submitting your blog to Blog Top Sites like blogtopsites.com and top100bloggers.com is another way to get more traffic. These networks make your blog easier to find and search for as well. After you sign up for an account on their website, you just need to copy a bit of code and paste it somewhere on your blog.
You can also take part in blog traffic exchange communities like BlogExplosion and BlogClicker.
To join these blog traffic exchange communities - visit the site, sign up, confirm your account, add your blog to the member directory and then start visiting other member’s blogs.
Basically, you need to earn ‘credits’ in order to get blog traffic exposure. These credits are often gained by visiting other member’s blogs. When you have enough credits, your blog becomes eligible for promotion. Usually, a link or graphic to your blog will be shown on the main site or in fellow member’s blogs. This is how other people find your blog.
Of course, the more members there are in the community, the more potential visitors. So, if you are part of a blog traffic community, it’s good to promote the communities you belong to as well. Besides, when you promote the community through a referral system, you get more credits too.
Tag Technorati
Technorati is one of the best traffic providers for bloggers. People find your blogs easily when people search by technorati tags. Technorati will rank your blog based on the number of links from other websites.The higher your rank the easier your blog is to find when people search for things.
If you do not have a Technorati account, signup here. After you have setup the main settings, such as your profile, you need to claim your blog.
Make good use of Technorati tags by tagging every keyword in each of your posts. If you use WordPress, I recommend Ultimate Tag Warrior (UTW) which makes tagging Technorati a lot easier.
By tagging your post effectively you will get a lot of quality traffic to your blog.
When I first started this blog I used to get only about 10-20 visitors a day.
After the first few months, I started getting traffic from Google and other search engines and my unique visitors increased to about 100 a day. Now for the past few weeks I have been getting about 550 visitors a day.
The sudden increase in traffic I had from about 100-500 visitors was mainly because my recent posts were linked back from many sites. So yes, linking can get you traffic depending on which sites link to you. Links can be thought of as the currency of blogs.
I received a lot of emails (even while writing this) from bloggers asking how they can get more traffic, I hope this helps…
Blog Design
A good design won’t bring you traffic but it will get your visitors to stay longer. No one will stay on your blog too long if the layout or navigation annoys them. So the first thing to do is to select a good theme for your blog and then design your own header. The goal is to have a unique blog that stands out from all other blogs (making your visitors want to come back again and again).
Often bloggers select a theme and forget about the design. The problem here is that your blog will look similar to hundreds of blogs that use the same theme.
Your design should allow your visitors to access the main pages of your blog and to contact you easily. Your blog should have an about page and an author photo. The more a reader knows about you, the more they trust your content.
Quality Content
Your blog should have good content inorder to keep your visitors coming back. By good content I mean well written posts that are unique and useful at the same time. Writing original content is definitely the key.
Do not copy-paste contents directly from other blogs to your blog. Re-blogging is a bad thing and will kill your traffic. The solution here is to write that content in your own words adding your own unique ideas to it. And don’t forget to link to the original post.
The more engaged you are with your content, the more interesting it will be.
Get Links
The more links you have the more traffic you get. Like I said before links are the currency of blogs. So how do you go about getting links to your blog?
Well written posts are often linked back by many sites. You are lucky if you get linked by heavily trafficked sites.
Another way is to get links from other bloggers. Link to their blogs and ask them politely to do the same for you. Also visit the ‘links’ section of a blog (if they have one) and check for a link exchange form. If there is, submit your blog after linking to theirs.
You may also take part in other link exchanging programs.
Join Conversations
Most of my first visitors came to my blog because I left a comment on theirs. When you comment on a blog leave your blog address. Often people like to know who is reading their blog and will come visiting you.Readers of that blog will also pay a visit to your blog.But do not comment just for the sake of it. Make genuine comments that relate with the post. In the process you will not only get visitors to your blog but might also make friends.
Take part in Blog Top Sites
Submitting your blog to Blog Top Sites like blogtopsites.com and top100bloggers.com is another way to get more traffic. These networks make your blog easier to find and search for as well. After you sign up for an account on their website, you just need to copy a bit of code and paste it somewhere on your blog.
You can also take part in blog traffic exchange communities like BlogExplosion and BlogClicker.
To join these blog traffic exchange communities - visit the site, sign up, confirm your account, add your blog to the member directory and then start visiting other member’s blogs.
Basically, you need to earn ‘credits’ in order to get blog traffic exposure. These credits are often gained by visiting other member’s blogs. When you have enough credits, your blog becomes eligible for promotion. Usually, a link or graphic to your blog will be shown on the main site or in fellow member’s blogs. This is how other people find your blog.
Of course, the more members there are in the community, the more potential visitors. So, if you are part of a blog traffic community, it’s good to promote the communities you belong to as well. Besides, when you promote the community through a referral system, you get more credits too.
Tag Technorati
Technorati is one of the best traffic providers for bloggers. People find your blogs easily when people search by technorati tags. Technorati will rank your blog based on the number of links from other websites.The higher your rank the easier your blog is to find when people search for things.
If you do not have a Technorati account, signup here. After you have setup the main settings, such as your profile, you need to claim your blog.
Make good use of Technorati tags by tagging every keyword in each of your posts. If you use WordPress, I recommend Ultimate Tag Warrior (UTW) which makes tagging Technorati a lot easier.
By tagging your post effectively you will get a lot of quality traffic to your blog.
When To Shop Your Auto Insurance
So it really isn't the initial policy that you have to worry about.
But what happens when your premium comes up for renewal. Have you noticed increases that are unexplained. If you have not had any tickets, or major changes in your life such as adding a teenage driver or moving to a metropolitan area, then you really need to shop your insurance on an annual basis.
Auto insurance is just protection against what could happen in the future. The sad thing about it is that whenever you have a claim you can almost always expect a rate increase.
So what happens is people tend to not file a claim unless they absolutely must. This leads to them paying their insurance rates and hoping that they're getting the best rate.
With the Internet there's really no excuse for that, as you can compare your current policy against virtually every auto insurance company online. At the very least you should do this at least once a year before your policy updates.
If you don't like the service you're getting that is another reason that you may want to do some shopping. You are a valued customer and should be treated as such.
This is a couple tips on when to shop your auto insurance. The key is that you know what your coverage is now, what you are paying for it, and then take the time to compare that to see what it could be
May 9, 2009
4 Homeowner Insurance Tips
Having homeowner insurance is not only smart in many cases is required by your mortgage company. Because a home is the single largest asset most people will have it is important that you properly insure it. Homeowners insurance is nothing more than peace of mind that you are protecting your home and all valuables in it.
Here are four home owner insurance tips to help you do just that.
1. Calculate the value of your home, including all of its contents and insurance on that. When possible insurance is based on replacement cost, and does not include the value of the land.
Although you pay property taxes based on the value of the home the replacement cost is not always going to be the same as the evaluation for it.
2. Use the Internet to do comparison shopping. You can quickly compare coverage to determine if your current homeowners insurance is properly priced or whether you should consider switching companies. Besides convenience the Internet allows you to see what is going on with your account as well.
3. Set your deductibles, according to what is required by law as well as what you can afford. Many times people pay more than they really need to.
4. Using agent, if you're not comfortable in making these decisions yourself. Because of the value of a home many times dealing with a reputable company, and even a local agent is a good idea.
This is especially true when you have to file a claim due to damage to your home for some reason. Then you really understand the value of having good homeowner insurance.
May 4, 2009
Online Car Insurance Tips
The Internet offers many advantages to people when it comes to shopping. One of those areas is buying online car insurance. Let's look at a few tips that we can offer you as well as the benefits of getting your car insurance online.
1. The first thing we talk about is convenience. You can quickly do comparison shopping among several insurance providers to determine where you want to purchase your car insurance. The nice thing is you can do this from the convenience of your own home.
In the past you had to scour the yellow pages, pick up the phone, and start making calls talking agents. Many people did not enjoy this because, if you've ever spent any time on the phone with an insurance agent it's difficult to get off the phone without purchasing from them.
2. Comparison-shopping allows you to determine what online car insurance is best for your situation. Many car insurance providers offer online calculators that allow you to punch in variables in regards to things such as number of drivers, the ages of the drivers, where you live, how many miles you drive to work, and so on.
You can then determine the various deductibles that they offer and come up with what your monthly premium would be. You also know right up front how much money your first payment would have to be and whether there are discounts for paying six months or 12 months in advance.
3. The savings that you can make by dealing directly with the company can be attained by by-passing the middleman, which is the insurance agent themselves. This is not for everybody, however, as some people prefer to have counseling provided to them by an insurance agent. You will have to determine whether you need help or whether purchasing online car insurance is something you can do yourself.
May 3, 2009
Why Buy Cheap Car Insurance
The key to finding cheap car insurance is to do some comparison shopping and know all of the specifics about your particular situation. Many people are over insured and could get cheap car insurance to provide adequate coverage for them and yet they do not even realize it.
If you have a teenager finding cheap car insurance may be out of the question. You can help yourself by making sure they drive a car that is less expensive to insure. For example, any type of a sports car will jack your rates up because you are allowing a teenager the opportunity to drive recklessly and fast according to an insurance company.
Knowing what the basic requirements are in your state is key to coming up with insurance that is more affordable. If your car is owned outright you may not want to put full coverage on it but just cover it with liability insurance.
Certainly you have to consider the value of the car and what it would cost replace it. And as that goes down the type of insurance should be adjusted accordingly.
You can really help yourself by going to a website that specializes in cheap car insurance. Even if you are bypassing an agent websites that specialize in this type of insurance can offer suggestions to you when you are filling out your online form.
This could include asking such things as when your last ticket was, how long since your last wreck, when was your last claim,, are you a homeowner, and so on. These things can all factor into the price of your cheap car insurance.
Online Car Insurance Tips
The Internet offers many advantages to people when it comes to shopping. One of those areas is buying online car insurance. Let's look at a few tips that we can offer you as well as the benefits of getting your car insurance online.
1. The first thing we talk about is convenience. You can quickly do comparison shopping among several insurance providers to determine where you want to purchase your car insurance. The nice thing is you can do this from the convenience of your own home.
In the past you had to scour the yellow pages, pick up the phone, and start making calls talking agents. Many people did not enjoy this because, if you've ever spent any time on the phone with an insurance agent it's difficult to get off the phone without purchasing from them.
2. Comparison-shopping allows you to determine what online car insurance is best for your situation. Many car insurance providers offer online calculators that allow you to punch in variables in regards to things such as number of drivers, the ages of the drivers, where you live, how many miles you drive to work, and so on.
You can then determine the various deductibles that they offer and come up with what your monthly premium would be. You also know right up front how much money your first payment would have to be and whether there are discounts for paying six months or 12 months in advance.
3. The savings that you can make by dealing directly with the company can be attained by by-passing the middleman, which is the insurance agent themselves. This is not for everybody, however, as some people prefer to have counseling provided to them by an insurance agent. You will have to determine whether you need help or whether purchasing online car insurance is something you can do yourself.
Apr 28, 2009
When To Shop Your Auto Insurance
So it really isn't the initial policy that you have to worry about.
But what happens when your premium comes up for renewal. Have you noticed increases that are unexplained. If you have not had any tickets, or major changes in your life such as adding a teenage driver or moving to a metropolitan area, then you really need to shop your insurance on an annual basis.
Auto insurance is just protection against what could happen in the future. The sad thing about it is that whenever you have a claim you can almost always expect a rate increase.
So what happens is people tend to not file a claim unless they absolutely must. This leads to them paying their insurance rates and hoping that they're getting the best rate.
With the Internet there's really no excuse for that, as you can compare your current policy against virtually every auto insurance company online. At the very least you should do this at least once a year before your policy updates.
If you don't like the service you're getting that is another reason that you may want to do some shopping. You are a valued customer and should be treated as such.
This is a couple tips on when to shop your auto insurance. The key is that you know what your coverage is now, what you are paying for it, and then take the time to compare that to see what it could be.
Apr 26, 2009
Why Buy Life Insurance
Life insurance is a type of insurance that pays a benefit upon the death of an insured person. Because everyone will eventually die it is important that you get life insurance coverage as soon as possible.
We never know when our time is up here on earth and having that peace of mind that there needs will be provided for is important to most people.
Here are 4 reasons you should carry life insurance.
1. Purchase it at a young age when your health is still good and you will be able to lock in an affordable rate. As your age increases you begin to experience health problems then you can expect to pay a higher rate.
2. Life insurance provides means for family members especially spouses. You want to make sure that you cover your basic obligations such as funeral costs, mortgage balance and any unpaid bills. Beyond that it may be worth it to provide adequate income for future years for your spouse to live off of.
3. Some life insurance policies offer an investment option. Depending on the cost, this may be the route to go as it will allow your premiums to develop future income for your family.
4. As you get older, your life insurance needs decrease. Many times your personal investments have grown, your mortgage is paid off, and your overall debt is at an all-time low. The amount of life insurance you need now is not as important as it was when you were younger.
This is four tips to keep in mind when you buy life insurance.
Apr 21, 2009
Life Insurance
NOTE: As of January 1, 2009 The Hartford has assumed the contract for LANS Life Insurance programs. Any claim date after Jan 1, 2009 will be handled by The Hartford. If the claim date is prior to Jan 1, 2009 then Prudential will process the claim.
About Your LANS-paid Life Insurance Benefits
Life insurance offers your dependents financial protection in the event of your death. LANS automatically provides basic life insurance coverage for all eligible employees. If you are eligible, you may buy additional coverage for both yourself and your family.
LANS plans are group term life plans, which mean they stay in effect for a certain term. In this case, the term is as long as you remain an eligible employee. Term life policies do not accumulate a cash value over time.
There are two LANS-paid life insurance plans, Basic Life and Core Life, which provide a minimum amount of coverage. The amount of coverage varies, and you are automatically covered by the plan for which you qualify. The Basic Life plan provides life insurance equal to your annual base salary, up to $50,000. The Core Life plan provides $5,000 of life insurance.
Enrollment
If you are eligible for Full benefits, you are automatically enrolled in Basic Life insurance. If you are eligible for Mid-Level or Core benefits, you are automatically enrolled in Core Life insurance. You do not need to complete an enrollment form.
If you are enrolling in life insurance because of a family status change (e.g., marriage or birth of a child), the beginning of the period of initial eligibility (PIE) will be the date of the qualifying event (e.g., date of marriage or date of the child's birth).
If you enroll after your PIE, you must submit a statement of health to the insurance company. A statement of health is an application that informs the insurance company about your medical history. The insurance company may or may not accept your request for coverage based on the statement of health. (Note: LANS's life insurance plans carry no restrictions for preexisting conditions.)
You may not enroll family members in this plan, nor is it available to retirees.
Beneficiaries
All LANS employees must designate at least one beneficiary for their insurance elections. If no beneficiary is named, benefits will be paid to the first survivor in this list (in order):
- Employee's legal spouse
- Employee's children - in equal shares
- Employee's parents - in equal shares, or
- Employee's brothers and sisters - in equal shares
If none of these people survives the employee, benefits will be paid to the employee's estate.
For more information on beneficiaries, or how to designate them, go to our
Work Status Changes
Increase in salary
If your salary increases during the calendar year, life insurance coverage will not automatically increase to reflect a higher salary until the following January 1.
For example, as a Lab graduate research assistant (GRA), your salary on January 1 is $35,000. In March, you accept a full-time LANS Regular position and your salary increases to $65,000. Your coverage amount will not change until the following January 1. However, if you have a break in service between your GRA position and the LANS regular position, you are considered a new hire. If your new salary is $65,000, then your coverage amount would be based on the $65,000.
Full time to part time
If you change from full time to part time, your life insurance coverage is based on the full-time salary rate for your position as of January 1 of the current year, even if you work part time. Coverage will not automatically be reduced if your full-time salary rate is reduced.
Retirement
If you retire, you may not continue coverage into retirement, but you may be able to convert your group insurance coverage to an individual policy. Your Benefits Representative will provide you with all the information during your retirement election meeting.
This is only an overview of the Life insurance plan.
Questions? Contact the Lab's Benefits Office at 505-667-1806.
Apr 20, 2009
6 It should know when buying Life Insurance first
1. Understand why Cần Buy Insurance
Most of all we need life insurance at a time in life, but never purchased insurance because hearing other people say it is a good idea. Life insurance is designed to give families a full financial security in case the wife or husband having to uncertainties, or when your parents have to uncertainties. Life insurance can help pay the house, money for college, help supplement retirement funds, to a property here at the same time is another important factor in plan assets. In short, if you have a relative to your income, you should think of life insurance. Even if you think you have no need now, you still should think of buying with a small amount as a starting point. Because, as the child life insurance as cheap.
2. Amount determined Insurance required
The amount that families or inherit will receive after your death is called the amount of insurance. To determine the amount of insurance need, you can use a computer on the network or New York Life www.insure.com network. After using the computer, you will get one guess yourself. Easiest method to obtain the amount of annual salary to 8. Method in more detail as all the monthly charges which family you must pay after you meet uncertainties. Remember always to be public costs and consequences of spending it on home, and fees. Retrieved total monthly charges for that 0:07. This figure indicates that 7% of the total money will be used to pay for monthly charges. Get that amount plus the costs need to pay once, you will estimate the amount of life insurance need. Yes you can measure the amount of life insurance need when using the computer, but the machines that you can not. It can not give you an answer last. Computer only for you the whole "on theory" but are based on the facts are different, the computer will give the different results. Should only use the computer to learn more about how to calculate the amount of life insurance products and other financial, however, you will feel more secure when you talk to a professional as representative by New York Life.
3. Please Choose a Type of Agreement Matches
Once the amount has been estimated for life insurance, should think of the kind which suit your needs. Today, life insurance becomes more diverse and plentiful, but they also have the 4 basic types of life that is periodic, life for life, full of life, and life have changed. One of 4 basic types will match the buy life insurance first.
Life Insurance Dinh Ky
Insurance period will only provide protection in a given period of time. The amount of insurance can be used to liquidate the debt and when you encounter the uncertainties. Life insurance regular insurance is less expensive and enjoy the pure amount of insurance. This agreement will not accumulate cash, and often do not receive a share.
Insurance period may be an ideal choice when you get the time needed insurance. This agreement can only protection needs only exist in a certain time, such as university funds or loan money home loan. Those aged 20 to 30 usually buy insurance period and conversion through life insurance (Insurance Through reading For the bottom). Conversion rights for the period to ensure that they can convert any of the health status is.
New York Life has many types of insurance such as 5-year period, 10 years and 20 years.
Life Insurance For Suốt
Opposed to regular insurance, life insurance will protect you throughout life from start to purchase insurance to go, and of course the conditions have to pay regularly. The difference is the second life insurance life accrue cash value. Form of a loan from the contract, you can use the cash value to the objectives for the various funds and cash funds for additional retirement income. However, you must pay on borrowed money and borrowed money with the convenience will be deducted from the amount insured. Contract for life insurance guaranteed throughout the life of you, regardless of health status as when alive and of course must be closed to regular fees.
Contract for life insurance qualify to receive money pass. Pass money is money that a company drawn from surplus funds and are for the owner. (Money's share can be used under many different methods such as cash received, or used to pay the premium monthly, or accrued to a receipt, or used to purchase additional life insurance prepaid full insurance coverage. Tiền pass does not guarantee.) Life insurance for life offer a lasting solution to the financial worries such as:
* Pay the debt: the amount of insurance can be used to pay debt and cut the debt in case you are having uncertainties
* Conservation of assets: life insurance life can bring money to pay the cost of housing and help from having to sell assets or borrow money to pay expenses
* Pension Fund: cash value can be drawn through the method of loan terms, or to supplement retirement income. Loan amount will be deducted from the amount of insurance
* Money Charity: the life insurance for life can help you contribute to charitable funds that popular after death
* Business needs: life insurance for life can be a valuable benefit for managers and staff to ensure the future financial enterprises
New York Life provides the life insurance life diverse as Life Insurance Conversion (Modified Premium Whole Life), and Life Insurance For Life (Survivorship Whole Life).
Life insurance whole Năng
Life insurance to provide full protection for life and accumulated cash value basis should postpone the tax. Life insurance with all the other life insurance points in life that you can choose the amount of insurance is suitable for families. With life insurance to all, you can increase or decrease the amount of insurance you need to change and can check the times of payment of fees. The contract can be designed with additional terms to suit the lifestyle of each person.
Life Insurance Most variable
Life insurance has variable flexibility in the amount of closing costs, the life insurance life allows the owner to divide the premium into a variety of different investments, including fixed account. Life insurance usually has variable provide insurance money on the basic income tax exemption, the cash value increases on the basis refunds, and can be withdrawn through the method of borrowing or withdrawing money, the This may reduce the amount of insurance. Loan amount and you'll be deducted from the amount insured. The amount drawn will also reduce the amount of insurance, cash value and may have to pay.
4. Evaluation capacity of the Company
Insurance contract is only good when a company has good support. You should look away from the company's release of the still existing in the future to serve and make the promise to pay insurance when needed. To help see the company is strong, the organization evaluates Financial capacity has ratings of insurance companies based on the quality of the gym, the quality of the investment method, and financial cover. The ranking is considered as the independent evaluation of the ability to pay insurance compensation in time and financial obligations other. This is the core of a company life insurance. 4 organization capacity evaluation leading Financial: AM Best, Standard and Poors, Moody's and Fitch.
Each organization evaluated based on criteria quite different. When looking at the ranking of a company will help you look on the general financial strength of that company. 4 Organization has ranked New York Life to the highest ranking.
5. Reference to Representative
Representative to bring an invaluable service. First, representative to help you analyze the factors that "people" and into items of insurance to help determine the amount of insurance need. The relationship between representative and client relationship is eternal. 2, the representative can help you update the amount the insurance needs change. They can also help guide decisions about finances, reduce a burden in life. Click here to have discussions with representatives New York Life.
6. Understand words expert
The discussions on insurance will include words such as cash value, insurance coverage, divided by money, insurance money, and more. To discuss a master, here's a short summary part of the terms used.
* Cash Value: in life insurance for life, it means that the amount accumulated on the
* A Division of Money: A surplus of the company divided by the owner of the
* Support the Company: An insurance company has no stock or shareholders, as it is the owner. New York Life is a mutual company
* Insurance coverage in the insurance, the amount is limited to keep the contract value
If you have any questions about this article or product by New York Life? Please call toll free 1-877-NYL-VIET (1-877-695-8438) for a discussion with representatives New York Life.
The offering documents (policies, contracts) for all New York Life and its subsidiaries products are available only in English. In the event of a dispute, the provision in the policies and contracts will prevail.
Documents (rules, contracts) and products by New York Life and branches of New York Life provided only in English. In case of dispute, the terms in the rules and used the official.
Most of all we need life insurance at a time in life, but never purchased insurance because hearing other people say it is a good idea. Life insurance is designed to give families a full financial security in case the wife or husband having to uncertainties, or when your parents have to uncertainties. Life insurance can help pay the house, money for college, help supplement retirement funds, to a property here at the same time is another important factor in plan assets. In short, if you have a relative to your income, you should think of life insurance. Even if you think you have no need now, you still should think of buying with a small amount as a starting point. Because, as the child life insurance as cheap.
2. Amount determined Insurance required
The amount that families or inherit will receive after your death is called the amount of insurance. To determine the amount of insurance need, you can use a computer on the network or New York Life www.insure.com network. After using the computer, you will get one guess yourself. Easiest method to obtain the amount of annual salary to 8. Method in more detail as all the monthly charges which family you must pay after you meet uncertainties. Remember always to be public costs and consequences of spending it on home, and fees. Retrieved total monthly charges for that 0:07. This figure indicates that 7% of the total money will be used to pay for monthly charges. Get that amount plus the costs need to pay once, you will estimate the amount of life insurance need. Yes you can measure the amount of life insurance need when using the computer, but the machines that you can not. It can not give you an answer last. Computer only for you the whole "on theory" but are based on the facts are different, the computer will give the different results. Should only use the computer to learn more about how to calculate the amount of life insurance products and other financial, however, you will feel more secure when you talk to a professional as representative by New York Life.
3. Please Choose a Type of Agreement Matches
Once the amount has been estimated for life insurance, should think of the kind which suit your needs. Today, life insurance becomes more diverse and plentiful, but they also have the 4 basic types of life that is periodic, life for life, full of life, and life have changed. One of 4 basic types will match the buy life insurance first.
Life Insurance Dinh Ky
Insurance period will only provide protection in a given period of time. The amount of insurance can be used to liquidate the debt and when you encounter the uncertainties. Life insurance regular insurance is less expensive and enjoy the pure amount of insurance. This agreement will not accumulate cash, and often do not receive a share.
Insurance period may be an ideal choice when you get the time needed insurance. This agreement can only protection needs only exist in a certain time, such as university funds or loan money home loan. Those aged 20 to 30 usually buy insurance period and conversion through life insurance (Insurance Through reading For the bottom). Conversion rights for the period to ensure that they can convert any of the health status is.
New York Life has many types of insurance such as 5-year period, 10 years and 20 years.
Life Insurance For Suốt
Opposed to regular insurance, life insurance will protect you throughout life from start to purchase insurance to go, and of course the conditions have to pay regularly. The difference is the second life insurance life accrue cash value. Form of a loan from the contract, you can use the cash value to the objectives for the various funds and cash funds for additional retirement income. However, you must pay on borrowed money and borrowed money with the convenience will be deducted from the amount insured. Contract for life insurance guaranteed throughout the life of you, regardless of health status as when alive and of course must be closed to regular fees.
Contract for life insurance qualify to receive money pass. Pass money is money that a company drawn from surplus funds and are for the owner. (Money's share can be used under many different methods such as cash received, or used to pay the premium monthly, or accrued to a receipt, or used to purchase additional life insurance prepaid full insurance coverage. Tiền pass does not guarantee.) Life insurance for life offer a lasting solution to the financial worries such as:
* Pay the debt: the amount of insurance can be used to pay debt and cut the debt in case you are having uncertainties
* Conservation of assets: life insurance life can bring money to pay the cost of housing and help from having to sell assets or borrow money to pay expenses
* Pension Fund: cash value can be drawn through the method of loan terms, or to supplement retirement income. Loan amount will be deducted from the amount of insurance
* Money Charity: the life insurance for life can help you contribute to charitable funds that popular after death
* Business needs: life insurance for life can be a valuable benefit for managers and staff to ensure the future financial enterprises
New York Life provides the life insurance life diverse as Life Insurance Conversion (Modified Premium Whole Life), and Life Insurance For Life (Survivorship Whole Life).
Life insurance whole Năng
Life insurance to provide full protection for life and accumulated cash value basis should postpone the tax. Life insurance with all the other life insurance points in life that you can choose the amount of insurance is suitable for families. With life insurance to all, you can increase or decrease the amount of insurance you need to change and can check the times of payment of fees. The contract can be designed with additional terms to suit the lifestyle of each person.
Life Insurance Most variable
Life insurance has variable flexibility in the amount of closing costs, the life insurance life allows the owner to divide the premium into a variety of different investments, including fixed account. Life insurance usually has variable provide insurance money on the basic income tax exemption, the cash value increases on the basis refunds, and can be withdrawn through the method of borrowing or withdrawing money, the This may reduce the amount of insurance. Loan amount and you'll be deducted from the amount insured. The amount drawn will also reduce the amount of insurance, cash value and may have to pay.
4. Evaluation capacity of the Company
Insurance contract is only good when a company has good support. You should look away from the company's release of the still existing in the future to serve and make the promise to pay insurance when needed. To help see the company is strong, the organization evaluates Financial capacity has ratings of insurance companies based on the quality of the gym, the quality of the investment method, and financial cover. The ranking is considered as the independent evaluation of the ability to pay insurance compensation in time and financial obligations other. This is the core of a company life insurance. 4 organization capacity evaluation leading Financial: AM Best, Standard and Poors, Moody's and Fitch.
Each organization evaluated based on criteria quite different. When looking at the ranking of a company will help you look on the general financial strength of that company. 4 Organization has ranked New York Life to the highest ranking.
5. Reference to Representative
Representative to bring an invaluable service. First, representative to help you analyze the factors that "people" and into items of insurance to help determine the amount of insurance need. The relationship between representative and client relationship is eternal. 2, the representative can help you update the amount the insurance needs change. They can also help guide decisions about finances, reduce a burden in life. Click here to have discussions with representatives New York Life.
6. Understand words expert
The discussions on insurance will include words such as cash value, insurance coverage, divided by money, insurance money, and more. To discuss a master, here's a short summary part of the terms used.
* Cash Value: in life insurance for life, it means that the amount accumulated on the
* A Division of Money: A surplus of the company divided by the owner of the
* Support the Company: An insurance company has no stock or shareholders, as it is the owner. New York Life is a mutual company
* Insurance coverage in the insurance, the amount is limited to keep the contract value
If you have any questions about this article or product by New York Life? Please call toll free 1-877-NYL-VIET (1-877-695-8438) for a discussion with representatives New York Life.
The offering documents (policies, contracts) for all New York Life and its subsidiaries products are available only in English. In the event of a dispute, the provision in the policies and contracts will prevail.
Documents (rules, contracts) and products by New York Life and branches of New York Life provided only in English. In case of dispute, the terms in the rules and used the official.
Apr 16, 2009
Conditions and procedures for transfer of coverage between 02 ...
57 questions. Conditions and procedures for transfer of coverage between 02 DNBH specified how to ensure the benefits of buying insurance?
Answer:
The transfer from HDBH DNBH to other DNBH must comply with the conditions and procedures to allow KDBH Law. Article 75 Law KDBH stipulated conditions of the transfer HDBH as follows:
"The transfer of insurance contracts are made on the following conditions:
1. Business insurance franchisee business insurance business to be transferred;
2. The rights and obligations under insurance contracts to be transferred does not change until the expiry of the insurance;
3. The transfer of the insurance must be accompanied by the transfer of funds and for services related to all insurance contracts are transferred. "
Article 76 Law KDBH rules of procedure transfer HDBH as follows:
"The transfer of the insurance is done by following procedures:
1. Insurance business transfer contract of insurance must have the proposal to transfer the insurance to send the Ministry of Finance reason, plan transfer, accompanied by the transfer. The transfer of the insurance only be conducted after the Ministry of Finance approved in writing;
2. Within 30 days after the Ministry of Finance approved the transfer of insurance business transfer contract of insurance must be published on the transfer and notify the buyer of insurance in writing. "
Defining the contents and conditions of transfer of such insurance is to guarantee rights and benefit customers buy insurance even in the worst situation occurs.
Answer:
The transfer from HDBH DNBH to other DNBH must comply with the conditions and procedures to allow KDBH Law. Article 75 Law KDBH stipulated conditions of the transfer HDBH as follows:
"The transfer of insurance contracts are made on the following conditions:
1. Business insurance franchisee business insurance business to be transferred;
2. The rights and obligations under insurance contracts to be transferred does not change until the expiry of the insurance;
3. The transfer of the insurance must be accompanied by the transfer of funds and for services related to all insurance contracts are transferred. "
Article 76 Law KDBH rules of procedure transfer HDBH as follows:
"The transfer of the insurance is done by following procedures:
1. Insurance business transfer contract of insurance must have the proposal to transfer the insurance to send the Ministry of Finance reason, plan transfer, accompanied by the transfer. The transfer of the insurance only be conducted after the Ministry of Finance approved in writing;
2. Within 30 days after the Ministry of Finance approved the transfer of insurance business transfer contract of insurance must be published on the transfer and notify the buyer of insurance in writing. "
Defining the contents and conditions of transfer of such insurance is to guarantee rights and benefit customers buy insurance even in the worst situation occurs.
Apr 15, 2009
Persons requiring insurance is purchased by insurance companies
13/12/2007
Question 2. Persons requiring insurance is insurance purchased by insurance companies not operating in Vietnam or not? DNBH must be qualified to perform what commitments with customers?
Answer:
- Organizations and individuals with insurance needs are involved in insurance business insurance activities in Vietnam.
- Business insurance must ensure the requirements of finance to implement their commitments for the purchase of insurance. (Article 6 Law BH KD) Guidelines insurance participation is in Decree 45CP 27 months 3, 2007 guiding the implementation of the Law KD insurance (Article 3 of Decree 45 CP) as follows
"1. Organizations and individuals want to business insurance, business insurance, active insurance brokers in Vietnam is the Ministry of Finance license the establishment and operation as stipulated by Law Business insurance .
2. Organizations and individuals with insurance needs with a choice of insurance companies and are only involved in insurance business insurance are allowed to work in Vietnam. No organization or individual is allowed to interfere with illegal choice to business insurance, business insurance brokers buyer's premium "
This is to protect the interests of customers to buy insurance because the insurance companies operating in Vietnam is state management closely, being governed by the laws of Vietnam. If disputes occur, the buyer of insurance may give Vietnam court hearing.
Apr 13, 2009
Mobile insurance: Who benefits?
_dtdd.jpgTu day 15-12, packet phone insurance company insurance cooperation with AAA and Vinasure system supermarket mobile phone (Mobile) Telecommunications A formal release.
Quite popular in England and America, but now, the form of insurance, this new start implementing in Vietnam. This is also the first insurance company in the country applied, the 3 Group is Vinasure fact assessment and resolution when problems occur.
During the first program only applies to customers buying new products at the supermarket system of Mobile Telecommunications A. The product was old or notebook to not participate in this program. After participating in the insurance, if mobile phone is stolen, losses due to unexpected accidents, by country ... customers will be repaired free of charge or compensation by the co-branded mobile phone, the features or compensation in cash but not to exceed 17 million in the case can not be replaced by co-branded mobile phone. It is noted that only those situations device harmless because of the impact outside the individual or a non-slip body's free (to forget, to take), that the witnesses are compensation applied. Consequences of damage by natural disasters Mobile is not resolved.
Besides, the cost of package insurance is also quite high. For example with a mobile phone worth more than 510,000 Vietnamese Dong had to spend additional 200,000 VND / year for insurance. Mobile Phones with available from 16,320,000 VND to 17 million, the cost that customers pay up to 3,226,000 VND / year, equivalent to a phone line high fashion high. Nguyen Thi Thanh Huyen, chief development project insurance products for this, surely the cost of package insurance is high because the risk of unexpected problems cause loss or loss of the device is very large.
Once found stolen mobile phone, customers should contact the provider network is not slower than 12 hours after the work, taken with the police would not confirm the delay more than 24 hours and contact managers are not slower than 48 hours. However, according to Mr. Luong Hong Thap, Head of development of new products, insurance companies AAA, the duration of review and resolution of repair customer damage lasts from 7 to 10 days from receiving fully valid paperwork. Time pending insurance, customers will have to rotate the bucket to media contact.
Mobile has become the objects can not be missing every day, not including the face with the report simply does not advance public safety agencies. With the cost and waiting time as, a customer with salty that form this insurance? As N.'s Village, a customer of a Telecommunications, instead of buying insurance for a phone worth 17 million, kept the money to buy it "subject" Nokia 6300, or face the loss of problem is also the right to use, also see it more.
Apr 11, 2009
Should review the contract of insurance hous
Just then, a forest fire risk was missing thousands of samples in some areas north of the city Los Angeles. This area has houses expensive money million. First few months of this year, some houses in the city Laguna Beach, Orange, and dip valley after some drencher before making land subsidence. Area is also home worth a two million dollars.
California has three natural disasters causing much damage especially earthquakes, land and forest fire sequence. Types of natural disasters are causing more significant damage, both the network and physical assets, if the disaster to happen in this area of the trees.
In the East, to avoid the earthquake, the storm was. In August and September 2005, two match Katrina and Rita storm damage estimated at more than 100 million dollars. Private insurance industry will pay out about $ 34 billion dollars, the number of most its the insurance industry to compensation for a disaster.
Any houses yet, the building will have some coverage of natural disasters and accidents basis. This is required to purchase the home. Sponsors will not loan money to buy a home if the loan would not buy insurance for your home. Because if the destruction was by a natural disaster is, the more the debt will not be able to pay more in debt when they lose business products.
But a majority owner of the house may know or not know that their home was not covered enough for many (not May after a disaster) has money to build houses.
According to the company Marshall & Swift, a company specializing in cost of construction, nearly 6 in 10 houses in the state Louisiana was not home to buy full insurance (underinsured). Similarly, just after the company (headquartered in Los Angeles) said that nearly 60% of houses across the United States was not fully insured. Also say that lack of insurance to start, this company said that average is about 22%. This means that if necessary the amount $ 300,000 to build the house was a disaster destruction, people only buy insurance and that compensation has been $ 234,000.
This figure is very significant and alarming people to review the insurance contract. Construction materials, labor cost, as we all know, increased very rapidly in recent times. Without insurance compensation enough to be building a new home, homeowners will face great difficulties. One side must continue to pay debt for financing the company, on the other, not enough money to build the home.
So who is responsible for the review of the insurance contract? Main house owner, not anyone else. Insurance or employees of their duties have not terminated exchange customers to purchase additional insurance for the full replacement value (replacement cost) of the house. Main owner must know that the insurance you are, whether there is enough to build houses when other natural disasters may not, or a fire because that's, to enter.
How is most appropriate?
Do you want insurance compensation amount is not enough to reconstruct the house and the furniture has been the destruction? Furthermore, you want insurance to provide money for your family staying elsewhere (hotel, rent house) temporary home after the destruction? Then again all the responsibilities of owners (liability) if someone other than family injury present in your home when the disaster occurred or accident?
Typically, the insurance company based on the area of the house to determine the construction cost to replace (replacement costs). But the company Marshall & Swift (with experience has been 75 years) said that the calculation method of construction costs based on all the parts of the house (total component formula) is more accurate. This company has a program computing the total gộp all parts, components of the house with the structure and material architectures characterized by them to calculate the actual cost of a home.
Only to remove the $ 19.95 the company Marshall & Swift can provide to anyone (via Internet) to the ability of their expertise, based on the special characteristics of the house you owned, a analysis and cost money to start, based on rules of construction (building codes), labor cost, material cost of each locality to replace in case of the destruction. Estimate copies this host a basis for discussion with the office of your insurance about the need to adjust appropriately.
To help you easily decide more, the company said on a number of questions. If your answer is "yes" to one of the questions below, call the office for your insurance.
- Are you smoking the page, as more (significant home improvement) for the house not? Example: How to room, upstairs, replace the entire bathroom, kitchen with expensive materials, etc. ..
- From the first time (calculating the cost to replace the house with representatives insurers) to now, has not exceed 12 months? Furthermore, the calculations have focused on the characteristics of the home that you owned or not?
- Value in the areas of the house you have to increase very rapidly in recent times or not?
- Your home is the value of history or not?
Copy of your insurance you have to include all land located beneath the house or not? If so, such a legacy. Value of land is not in the home insurance.
You certainly know that insurers will come to you in those cases separately as fire, storm, flood, earthquake, just lốc, the chain etc. .. home if your damaged completely?
Do you know how much the types of furniture in the house your insurance or not? Most of the insurance compensation only by a rate based on the replacement cost of the house structure. If this is the case, you did not buy enough insurance for obvious it did not help with the acquisition were similar destruction.
California has three natural disasters causing much damage especially earthquakes, land and forest fire sequence. Types of natural disasters are causing more significant damage, both the network and physical assets, if the disaster to happen in this area of the trees.
In the East, to avoid the earthquake, the storm was. In August and September 2005, two match Katrina and Rita storm damage estimated at more than 100 million dollars. Private insurance industry will pay out about $ 34 billion dollars, the number of most its the insurance industry to compensation for a disaster.
Any houses yet, the building will have some coverage of natural disasters and accidents basis. This is required to purchase the home. Sponsors will not loan money to buy a home if the loan would not buy insurance for your home. Because if the destruction was by a natural disaster is, the more the debt will not be able to pay more in debt when they lose business products.
But a majority owner of the house may know or not know that their home was not covered enough for many (not May after a disaster) has money to build houses.
According to the company Marshall & Swift, a company specializing in cost of construction, nearly 6 in 10 houses in the state Louisiana was not home to buy full insurance (underinsured). Similarly, just after the company (headquartered in Los Angeles) said that nearly 60% of houses across the United States was not fully insured. Also say that lack of insurance to start, this company said that average is about 22%. This means that if necessary the amount $ 300,000 to build the house was a disaster destruction, people only buy insurance and that compensation has been $ 234,000.
This figure is very significant and alarming people to review the insurance contract. Construction materials, labor cost, as we all know, increased very rapidly in recent times. Without insurance compensation enough to be building a new home, homeowners will face great difficulties. One side must continue to pay debt for financing the company, on the other, not enough money to build the home.
So who is responsible for the review of the insurance contract? Main house owner, not anyone else. Insurance or employees of their duties have not terminated exchange customers to purchase additional insurance for the full replacement value (replacement cost) of the house. Main owner must know that the insurance you are, whether there is enough to build houses when other natural disasters may not, or a fire because that's, to enter.
How is most appropriate?
Do you want insurance compensation amount is not enough to reconstruct the house and the furniture has been the destruction? Furthermore, you want insurance to provide money for your family staying elsewhere (hotel, rent house) temporary home after the destruction? Then again all the responsibilities of owners (liability) if someone other than family injury present in your home when the disaster occurred or accident?
Typically, the insurance company based on the area of the house to determine the construction cost to replace (replacement costs). But the company Marshall & Swift (with experience has been 75 years) said that the calculation method of construction costs based on all the parts of the house (total component formula) is more accurate. This company has a program computing the total gộp all parts, components of the house with the structure and material architectures characterized by them to calculate the actual cost of a home.
Only to remove the $ 19.95 the company Marshall & Swift can provide to anyone (via Internet) to the ability of their expertise, based on the special characteristics of the house you owned, a analysis and cost money to start, based on rules of construction (building codes), labor cost, material cost of each locality to replace in case of the destruction. Estimate copies this host a basis for discussion with the office of your insurance about the need to adjust appropriately.
To help you easily decide more, the company said on a number of questions. If your answer is "yes" to one of the questions below, call the office for your insurance.
- Are you smoking the page, as more (significant home improvement) for the house not? Example: How to room, upstairs, replace the entire bathroom, kitchen with expensive materials, etc. ..
- From the first time (calculating the cost to replace the house with representatives insurers) to now, has not exceed 12 months? Furthermore, the calculations have focused on the characteristics of the home that you owned or not?
- Value in the areas of the house you have to increase very rapidly in recent times or not?
- Your home is the value of history or not?
Copy of your insurance you have to include all land located beneath the house or not? If so, such a legacy. Value of land is not in the home insurance.
You certainly know that insurers will come to you in those cases separately as fire, storm, flood, earthquake, just lốc, the chain etc. .. home if your damaged completely?
Do you know how much the types of furniture in the house your insurance or not? Most of the insurance compensation only by a rate based on the replacement cost of the house structure. If this is the case, you did not buy enough insurance for obvious it did not help with the acquisition were similar destruction.
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