Tag Archives: Taking
Questions To Ask Before Taking life Insurance
Article by SjoerdN
When looking for Insurance we often think if we really need it? But that’s not the only thing we need to know. Since almost everyone suggests that it is important to take insurance, more important to know is what kind of insurance is required and what to know before taking life insurance?
Why take life insurance?
Life insurance is a security one buys for oneself and for the family. It ensures that if there is untimely death of the earning member, rest of the family don’t have to face the financial insecurity. Life insurance may also be bought to cover specific events during the life of a person through investment linked life insurance plans. So, life insurance should be taken by those
1. Having financial responsibilities2. Having people dependent on them3. Taken loans for home or car etc.4. Looking for secure investment options5. Looking for tax exemptions6. Planning for retirement along with insurance cover
So, identifying the need for insurance is the first crucial step. Purpose of insurance helps decide the type of insurance required.
What all to consider before buying insurance
After identifying the nature or the type of life insurance cover you want, next important things are1. Coverage – How much cover do I need? Calculating a life’s worth is as difficult as it is important. It depends upon the purpose and the nature of life insurance. If it is for the child’s education you may need to calculate how much you may need to spend and at what time to decide on the maturity amount. If it is term insurance, you will need to calculate all your financial liabilities, including loans if any, cost of living for spouse, children or other dependents such that they don’t have to face financial difficulties in fulfilling whatever you had planned for future.
2. Premium – How much premium should I pay? Premium you pay for the insurance depends upon things like nature of insurance, sum assured, age, health, duration of cover and other benefits offered by the insurance company. Life insurance in which you get some money in the form of maturity amount have higher premiums than a pure term insurance plan. Many life insurance policies will require you to undergo medical examination. Your medical report is important in determining insurance premium. Younger the insured person, lesser the premium as insurance companies consider older people more liable to health issues.
3. Benefits – What benefit do I get from my life insurance? Identify what benefits you will get out of life insurance. If it is a pure term life insurance, all you get is sum assured in case of death of insured during the insurance term. If it has to return of premium, you will get a maturity amount at the end of the insurance term. Similarly, if you are opting for investment linked life insurance like money back, endowment or child plans, it is netter to go through and understand all the benefits that you may get for taking the policy.
How to go about buying Life insurance
One you have decided upon the purpose of insurance and the sum assured, you will generally have an idea of what you are looking for. The next step is to compare insurance quotes of different companies so that you get the best deal.
Insurance is a long term commitment so make sure that you decide on a premium that is convenient for you to pay and sum assured is enough to cover your requirement.
About the Author
Easy Policy, We make buying online insurance policies offered by different companies in India easier. Compare insurance quotes and get best rates for Child Plans, Health insurance, car insurance, travel insurance and term insurance at Easypolicy.
Related Life Insurance Articles
Why Taking A Home Insurance Should Be Considered?
Most of people face at least once in life, a situation in which would be useful to have purchased a home insurance. Natural disasters can happen from one minute to another; theft, or human mistakes such as an out of control fire, can take away in minutes what took many years of work to be obtained.
Having a home insurance will not protect you from suffering a material loose, but it could give you the possibility of recovering those ruin or stolen goods.
What Is A Home Insurance And What Does It Cover?
A home insurance will be to your home, as a health insurance is for you. A typical home insurance covers a house or apartment and its dependencies such as garages. It will also cover what is inside the property. Here we can count furniture, appliances, and depending on the policy, also clothing may be covered.
The policy will cover the mentioned things against a vast wide of peril situations, like theft, fire, and some natural disasters as may windstorms be, but this particular point will depend on the selected insurance. As there are many covered situations, each offered policy will leave out of coverage some perils or situations that will be specific and determined by the insurance company.
A home insurance will also cover the extra living expenses that can be caused if you have to live in other place if the house happens to need any kind of reconstruction.
What About Damages Caused By Fire, Water And Earthquakes?
Looses caused by fire or lightning are commonly covered by home insurance policies.
Accidental water damages like those caused by broken pipes are covered by most home insurances. Water damages caused by lack of maintenance of house’s appliances like air conditioners or washing machines, are excluded from coverage. Flood damages are also excluded from coverage.
Flood insurance coverage is offered by licensed insurance agents as a separated home policy, and it depends on the National Flood Insurance program of the National Government.
Earthquakes are not covered by most of existent policies, however, you can ask for that coverage as special endorsement to your selected policy.
How Is The Home Insurance’s Final Cost Calculated
The home insurance cost will depend first on your selected policy and whether if you want to ad any extra coverage or secure any special item beside those already offered with the policy. This cost will be calculated over your property’s value and how much would it cost the looses replacement in case of damage. Your policy’s premium (premium is the name given to the payment the insured makes to the insurer) can be lower if your property is less exposed to suffer determined damages. As an example, if you live next to a fire station, your home will probably have lees risk of damage caused by fire. Same if your home is properly equipped with fire alarms and extinguishers. These can be taken for an insurance company as motives to reduce your monthly payments.
How Much Does The Coverage Last?
Home insurance policies, as any other insurance policies are based on a contract for a determined period of time that is selected for the buyer based on the offered policy’s term options. You may contract a home insurance for a short period of time or for many years depending on your needs.
When To Think About A Home Insurance?
Home insurance is a good safety measure to be considered any time, but, there are special situation that you may have to face in which thinking about purchasing a home insurance would be necessary.
If you have just finished with redecorating or improvements have been realized to your home; or if you are thinking about doing a long trip and someone else will be in charge of your home it may be a good time to evaluate the possible risks and costs of an unexpected situation.
Other situation in which you will need to evaluate a home insurance, is if you are thinking about purchasing a home with a home loan. Most lenders will require you to purchase a home insurance to protect the inversion in case the property results destroyed for an unexpected situation.
Lara Sawyer is a professional loan advisor used to solving bad credit problems and helping people secure home loans, carloans, personal loans, unsecured credit cards, home equity loans, refinance mortgage loans and plenty of other financial products. Whether you want to learn more about Private Consolidation and Bad Credit Personal Unsecured Loans or find information about other loan types, just visit: http://www.fastguaranteedloans.com/
Article from articlesbase.com
Nine things you should think about before taking a life insurance paramedical examination
By Michelle Matlock, Life Quotes, Inc.
When you apply for life insurance, you will most likely have to take a medical exam.
Individual life insurance companies have a number of tools at their disposal when it comes to rating policies, and one of those tools is medical underwriting. Since the basis of insurance involves assessing risk, health status plays a critical role in the underwriting process.
What to expect
Paramedical examiners are licensed health professionals that insurance companies hire to perform medical examinations on potential policyholders. When you apply for life insurance you will be required to answer a series of medical questions, or if you apply for a policy at an insurance website, you can fill out a questionnaire online. The second part of the application is a medical form that is completed by your examiner. Examinations are generally performed in the privacy of your home or place of business.
Most paramedical exams require examiners to collect a urine sample and blood draw. You will also be asked to provide your driver’s license and social security number. Typically an examiner will accept alternative forms of identification such as a military ID, passport or state issue identification cards with a photo ID. This information will be used to fill out the lab ticket. The lab uses your complete blood count (CBC), to rule out a number of conditions such as leukemia, cancer or HIV. You may also be required to take a liver function test, or a Carbohydrate Deficient Transferrin (CDT) test, which is used to rule out alcoholism, cirrhosis and other liver diseases. Lab technicians also check your cholesterol level, which will be used to evaluate your risk for heart attack or stroke.
In addition to urine and blood samples, examiners will check your blood pressure, pulse rate, and measure your height and weight. In some cases, you might be required to take an X-ray or treadmill test. Some exams might require checking your “timed vital capacity” (TVC). This is a breathing test that determines how well your lungs are functioning. They may also require some applicants who smoke or have a history of heart disease to have an electrocardiogram (EKG), a test that records electrical changes in the heart.
Questions your examiner will ask you include:
1. Name and address of personal physician?
2. Date and reason last consulted?
3. What treatment was given or medication prescribed?
What you should do
While some folks find paramedical examinations a little daunting, the extent of a paramedical exam varies by insurance company.
Also, some companies require less information than others and have a shortened version of a paramedical exam. But be warned— if you are a smoker, your mortality rate is often higher than nonsmokers, and insurance companies usually require a more thorough medical examination for tobacco users.
“If your agent isn’t prepping you for your exam then they are not doing the right thing,” says Ryan Pinney, a brokerage director and insurance risk specialist for Pinney Insurance Center, Inc. in Roseville, Calif. “There are so many things that can mess up your lab results that people don’t consider.”
Pinney offers some sage advice that will help increase your odds of doing well on an examination.
1. Don’t consume alcohol for 72 hours prior to your exam.
2. Don’t take your exam if you are dehydrated.
3. Don’t take ibuprofen or aspirin because this will create elevated liver function.
4. If you exercise or work out regularly, take a break for a day or two prior to the exam. “When you work out your muscles breakdown and that can tweak the outcome of your lab,” says Pinney.
5. Don’t eat fatty foods for at least two days before your examination. “If you have an exam coming up and you must choose between a triple cheeseburger or salad, go with the salad. Even if you don’t have high cholesterol, fatty foods will temporarily heighten your cholesterol levels,” notes Pinney.
6. Take your exam first thing in the morning don’t wait until later in the evening. “Your blood pressure is lower in the morning because you’ve been sleeping for 6 to 8 hours. It’s never a good idea to get stressed out at work, fight rush hour traffic and then take your exam,” Pinney recommends. In addition, Pinney says when you sleep your back compresses, so you are also a little taller in the morning. “This can help you when it comes to measuring your height and weight.”
7. Wear your tennis shoes. “When your height and weight is measured you don’t have to take off
SMALL BUSINESS INSURANCE: Taking The Confusion Out Of The Process
It’s quite understandable that when you’re making plans for the future of your business, insurance may not be the first thing that springs to mind.
And even if you do give it some thought, if you carry out even the most cursory research into small business insurance you’re likely to overwhelmed by the sheer range of policies available.
Because the fact is that different types of business face different types of risk.
A landlord, for example, may well need Buildings and Contents insurance but not specific policies for Stock and Goods In Transit which a retailer or wholesaler should probably have.
A pub or restaurant might well need a Loss Of Money policy because of the high level of cash they might have on the premises. But they won’t need the Product Liability insurance that a manufacturer might well require.
Fortunately, some of the more enterprising small business insurance brokers have taken the confusion out of the process by constructing insurance packages for specific types of business.
There are some common elements. Employers’ liability insurance is a legal requirement for any business that employs staff. And, in today’s increasingly litigious world, some form of indemnity insurance, such as professional indemnity or public liability, will almost always be included to protect your business against 3rd party claims. If not covered by another policy, basic contents insurance is also advisable.
Beyond these core policies, however, each package will be tailored to match the specific risks that your type of business is likely to face.
If, despite it being made easy for you, you’re still thinking that insurance is something you can do without, then remember this – an uninsured event, such as a fire, a burglary or a legal action brought against you, could be more than enough to sink your business completely.
Never mind planning for the future, your business simply won’t have a future.
So make sure you don’t leave small business insurance out of your business plan. Call 0161 833 2100 or email donna@caunceohara.co.uk
Resource:-
http://www.companyinsurance.co.uk/
I am working as content writer from last 4 year.
Article from articlesbase.com
Learn about the types of insurance all small businesses should have. Speaker: Neal Aton, Insurance Division Manager, Wells Fargo Insurance; Tim Rios, Senior Vice President, Wells Fargo Community Development Group
Video Rating: 0 / 5
Why Taking A Home Insurance Should Be Considered?
Article by Lara Sawyer
Most of people face at least once in life, a situation in which would be useful to have purchased a home insurance. Natural disasters can happen from one minute to another; theft, or human mistakes such as an out of control fire, can take away in minutes what took many years of work to be obtained.
Having a home insurance will not protect you from suffering a material loose, but it could give you the possibility of recovering those ruin or stolen goods.
What Is A Home Insurance And What Does It Cover?
A home insurance will be to your home, as a health insurance is for you. A typical home insurance covers a house or apartment and its dependencies such as garages. It will also cover what is inside the property. Here we can count furniture, appliances, and depending on the policy, also clothing may be covered.
The policy will cover the mentioned things against a vast wide of peril situations, like theft, fire, and some natural disasters as may windstorms be, but this particular point will depend on the selected insurance. As there are many covered situations, each offered policy will leave out of coverage some perils or situations that will be specific and determined by the insurance company.
A home insurance will also cover the extra living expenses that can be caused if you have to live in other place if the house happens to need any kind of reconstruction.
What About Damages Caused By Fire, Water And Earthquakes?
Looses caused by fire or lightning are commonly covered by home insurance policies.
Accidental water damages like those caused by broken pipes are covered by most home insurances. Water damages caused by lack of maintenance of house’s appliances like air conditioners or washing machines, are excluded from coverage. Flood damages are also excluded from coverage.
Flood insurance coverage is offered by licensed insurance agents as a separated home policy, and it depends on the National Flood Insurance program of the National Government.
Earthquakes are not covered by most of existent policies, however, you can ask for that coverage as special endorsement to your selected policy.
How Is The Home Insurance’s Final Cost Calculated
The home insurance cost will depend first on your selected policy and whether if you want to ad any extra coverage or secure any special item beside those already offered with the policy. This cost will be calculated over your property’s value and how much would it cost the looses replacement in case of damage. Your policy’s premium (premium is the name given to the payment the insured makes to the insurer) can be lower if your property is less exposed to suffer determined damages. As an example, if you live next to a fire station, your home will probably have lees risk of damage caused by fire. Same if your home is properly equipped with fire alarms and extinguishers. These can be taken for an insurance company as motives to reduce your monthly payments.
How Much Does The Coverage Last?
Home insurance policies, as any other insurance policies are based on a contract for a determined period of time that is selected for the buyer based on the offered policy’s term options. You may contract a home insurance for a short period of time or for many years depending on your needs.
When To Think About A Home Insurance?
Home insurance is a good safety measure to be considered any time, but, there are special situation that you may have to face in which thinking about purchasing a home insurance would be necessary.
If you have just finished with redecorating or improvements have been realized to your home; or if you are thinking about doing a long trip and someone else will be in charge of your home it may be a good time to evaluate the possible risks and costs of an unexpected situation.
Other situation in which you will need to evaluate a home insurance, is if you are thinking about purchasing a home with a home loan. Most lenders will require you to purchase a home insurance to protect the inversion in case the property results destroyed for an unexpected situation.
About the Author
Lara Sawyer is a professional loan advisor who helps people to secure Private Consolidation and Bad Credit Personal Unsecured Loans. Visit
Taking the Right Health Insurance Policy
Article by Aniekan udobong
Taking the Right Health Insurance Policy Your health is one of the best asset that you have and you have to do everything to make sure that you health is adequately protected from accidents, sickness and any thing that may affect your body.One of the surest way of protecting and safeguarding your health is by taking up an health insurance coverage that will protect you in times of accidents or sickness, as the health insurance company will take care of your health expenses if you sign up with a reputable health insurance company that will make sure that your needs are adequately taken care of.Taking an health insurance policy allows you to choose your health institutions, doctors, discount and bonuses on your health plans.One of the reputable health insurance company that will adequately take care of your health need is health insurance, health insurance has a plan for all categories of health needs that you may have such as individual or family health insurance also called personal health insurance where all members of your family are included in the plan and this type of health insurance plan is available through health insurance to individuals,families whether self employed or you are an employee.Other health plans by health insurance include small group health insurance, short term medical health plans, international and travel health plan coverage, what so ever is your health needs, health insurance has different products for different groups of people to suit different needs of people such as the short term health plan which is best suited for college graduates that want to pay low health insurance plan, small group health insurance is also good and affordable to organizations that want to take insurance for their employees, whether you want to travel abroad, international and travel health plan is their for you.So just visit health insurance now and fill up application for a health insurance offer that best suit your needs now and in the nearest future. Click on the link below to get all the health insurance and submit an application for a quote now from health insurance.visit now http://www.simpleinsurancequotes.org
Health Insurance plans sites
Do you need the right health insurance provider that can take up the services of providing you with top class health insurance services no matter your need, whether you want an health insurance cover for yourself, your family, when you are traveling, or while you belong to a certain group, or just a short term health insurance to keep cost low.Health insurance is the health insurance provider that provides one with an health insurance plan that meets your needs and provide with services and customer services that are quick and reliable, you will be able to get an health insurance plan with them that actually suits your needs because careful health insurance plans have be developed by health insurance to meet the different needs of people from family and personal health insurance, small group insurance, international travel health insurance,and short term insurance plans to meet different needs of people.Click on the link below to get all the health insurance and submit an application for a quote now from health insurance.visit now www.simpleinsurancequotes.org
About the Author
Aniekan udobong is the CEO if simple insurance quotes, which is a site that you will be able to get tons of quality guides and quotes on insurance.Visit now @ http://www.simpleinsurancequotes.org
The French health care system has been dubbed “the best in the world.” David Turecamo finds out why the French can afford to get sick.