There is vast range of long term care policies offered from company to company to suit individual needs. However, you must be able to understand and differentiate what those policy embraces, since companies have different underwriting procedures and definition on LTCi policies and premiums. A financial advisor that is well versed in LTCi can help you find the best deals and save on your premiums. You must have heard the term premium for the nth...more
While you probably know that you need life insurance, finding the right plan for your needs can be a bit difficult. There are many choices out there, and deciding on one is tough. If you want to make sure you choose the right plan, here are a few tips to follow.Tip #1 - Know What You NeedYou are the one that intimately knows about your own financial situation. Don't let other people tell you what you need. To get a good idea of what you need, add...more
Life insurance can be described as an agreement between an individual and the insurance company that he has selected. The bases of the agreement lies in the idea that the company will pay a decided amount to the insured persons beneficiaries (generally family members), if the person agrees to pay a recurring fee till the point of his/her timely or untimely demise.Clauses in certain companies also provide cover for the funeral catering costs. However, companies in some areas only offer basic life insurance plans i.e., simply paying a large sum to the beneficiaries in the case of the insured person's death.A general life insurance plan will include terms for their contract which will comprise a list of death circumstances, any of which if the insured succumbs to, he/she will not be covered for. The valid situations of death are also mentioned. The methods of death which may not result in compensation include suicide deaths, death during a riot or war.Life coverage is generally available in 2 different forms: protection or investment policies. A protection policy is like any average coverage where a benefit will be required to be given to the beneficiaries (generally a...more
More often than not, owning a house of our own is a dream for most of us. The pursuit of achieving this dream is an expensive one though. When we go for a home loan, the monthly instalments end up taking a big slice of our monthly income. In the event of you or your spouse's early death, the sudden loss of income can very well leave your...more
Carrying everything within a tight budget is certainly one of the hardest challenges that people need to deal with today especially with those who have their own families. Certainly, making a great improvement on how the people are able to handle their needs and the needs of their families is a great matter of concern for many financial...more
If you have been involved in an accident or are worried about the potential consequences of one, it is important to know how long do accidents affect insurance rates. While many assume that any accident will affect their premiums, this is not always the case.When the accident is your fault then you will usually face a surcharge of up to 25 per cent depending on your insurer. The increased rate will last between three to five years or more if the driver was affected by alcohol or a death was caused.The good news is this will not affect your rates indefinitely. Some places hold your details but this may not necessarily affect your rate after the three to five period is finished. Some insurers have a let off for the first accident but this depends on the company. Other factors can affect your rate, such as if you are single or married or your credit rating.When the accident is not your fault it is possible the insurer will not raise your rate. Not all companies will do this however so it is best to check your cover first before signing up to an agreed policy. If an accident is caused by a collision with an emergency vehicle it is less likely that you will be charged, as emergency...more
Many people have cars and enjoy driving them every day. What most of these people have in common, along with the independence they share driving their cars, is the thought that they will have an accident. An auto accident is devastating to anybody...more
There are a variety of options available if you are looking for life insurance and one of the best options to consider is term life. Many people find permanent life policies to be very costly, but you don't have to give up having this coverage. There...more
Why should mental models matter to you? Your ability to perform and achieve is determined by your mental models. Mental modeling will give you significant business advantage.The way you see the world is based on the mental model you are operating. ...more
Many people look for the cheapest insurance they can find, and all too often they get exactly what they paid for. Price cannot be the sole determining factor when trying to find taxi insurance. First and foremost, you must be sure that the type of...more
Long-term care insurance is actually very popular, but there are actually nonetheless people that have no idea of its basis for being. Many usually do not are aware of the real possibility they may indeed need long term care of one kind or another....more
Vietnam is not traditionally a place with a great nightlife scene. For centuries, the local people followed a policy of early to bed, early to rise. The arrival of American troops in what was then Saigon temporarily gave rise to a somewhat seedy...more