Is your Life Insurance up-to-date? Life insurance is like the Swiss Army knife of estate planning: there are so many ways you can use it as you plan to pursue your goals. Whether you simply need to insure yourself or need to protect your estate through sophisticated planning, September is the month to think about life insurance – and all the ways it can potentially help you financially.30% of Americans have no life insurance...more
In the event that you hurt yourself or experience a minor illness, do you know exactly where you would go for the treatment that you need? Would you wait until your private care physician is able to see you, or would you rush off to the emergency room in order to be seen by someone right away? Did you know that there's actually another viable option in this particular circumstance? Instead of doing either of those things, it might...more
Knowing the underwriting objectives, a professional life insurance agent must likewise observe basic responsibilities that must be accorded to the clients. If done properly these responsibilities will act as a bridge in order to build trust and confidence not only with the agent but also with the whole life insurance industry as well. When you are to see the life insurance underwriting objectives you can see that it gives more importance to insure lives which in turn emits the mortality objectives set by the company, and it is initially formed in regard to the set standards to handle the premium payments to be handed out to the clients. Along with this objective the life insurance rate must also be set in accordance with the company has established.The objective of the underwriting will ensure that it must be set to achieve the sales goals established by the company in order to see to that all the financial foundation needed for future claims and benefit payments have to be kept in mind. These objectives are given due importance because it will help you to establish your reputation in the community.As a life insurance underwriter you may agree on benefits and future...more
Once you get your life insurance quote, there is just one thing standing between you and the issuance of a life insurance policy. And that thing is life insurance underwriting.What is life insurance underwriting?Life insurance underwriting is the process of evaluating the amount of risk that you present to the insurance company. When a life...more
Whole (or permanent) life insurance policies are more than meet the eye. Sure they offer a death benefit that caries through the rest of your life as long as you pay your premium and keep the policy in force, but more than that they offer an additional benefit of premiums accruing into something called cash values. These cash values can grow in a...more
Even the best functioning families in the world have been tossed into disarray when determining which family member will get what after the death of a someone in the family. This scenario can occur as a result of an insurance contract being owned directly by the deceased family member. In this circumstance a claim payment will often form part of the estate and may be controlled by the will, which may be contested, or alternatively where the family member has died intestate (i.e. with no current will), then the estate director will make a decision on how to pay the claim proceeds. Bear in mind that the executor of the estate will be unable to pay out the proceeds until after their work is complete. Many months or even years may pass by before a payment may be made. Some major issues will occur if the ownership of the death benefits provided under a life insurance contract has not been structured in a way that precisely reflects the intended use of the proceeds. Jointly owned policies by partners who subsequently separate is another area where problems can arise. The main issue here is that the policy will continue to be owned by the partners as joint tenants even after they...more
Though there has been astounding progress in the medical field, no one can predict with certainty about their state of health at a future date. Our complex lifestyle, increase in environmental pollution and new strains of diseases are slowly and...more
The internet has become a very reliable source for android phone insurance companies. Gotronics android phone insurance company is one of the online android phone insurance companies which you may come across during your search through...more
Most individuals purchase everyday living insurance coverage to make sure their loved ones are protected monetarily in the event of their death. But individuals do not typically understand that although spending funeral bills and replacing revenue...more
As far as peace of mind goes with regard to your family's wellbeing, there's no sounder investment than life insurance. If you've recently got a life insurance quote and felt your heart skip a beat, though, don't resign yourself to living without it!...more
Around 2% of the population is legally blind. Around 12 in 10,000 people get Parkinson's Disease. One in every two Queenslanders is treated for skin cancer in their lifetime. For most of us, we've had no serious health problems before ... and we tend...more
It can be very hard for an individual to achieve the desired image in life. Regardless of the dieting plans a person follows, the exercise which they do or the steps they take to obtain that ideal image, sometimes the body is just not intended to...more