Insurance is a form of risk management primarily used as a protection against the risk of loss. It transfers the risk of a loss, from one entity to another, in exchange for a premium. The insurance rate is a factor used to determine the amount called the premium, to be charged for a certain amount of insurance coverage.
By purchasing insurance policies, individuals and businesses can receive reimbursement for losses due to car accidents, theft of property, and fire and storm damage; medical expenses; and loss of income due to disability or death.
The amount of insurance and type of insurance you need depends on your sources of income, your debts, your goals, and your lifestyle. One can buy insurance from independent agents, insurance companies, banks and even through online mode.
There are many types of insurance available in the market like life, auto, business, home and health insurance. Insurance companies sell various insurance plans to insurers. If an insurer met with any kind of loss he can claim for his or her insurance.
Insurance helps you to use your money at the time of emergency as emergency can come anytime in our lives without knocking. So, it’s better to play safe. For example, if you are worried about your children’s higher studies, you can secure your money through insurance which will give you benefits in future. An insurer needs to pay monthly premium amount according to their policy.
Online purchasing of insurance policies is getting popular these days. Earlier people used to meet an insurance agent in person rather than relying on an impersonal source. But, now as internet is providing lots of opportunities and best competitive deals. This has led to change in the mindset of common people. Online medium of getting insured saves much of their precious time, as well as money. Here, they can deal with various reputed lenders and can update with new policies available in the market. Lenders are taking care of the information of the insurers so that nobody can misuse it.
MY All Agents
Saturday, April 24, 2010
Say Bye To Financial Crunch
It’s true that there is hardly an end point to human wants. Wants are unlimited. Suddenly after fulfilling one you realize the presence of the other. And you find your sources dried up to meet them. In this circumstance, the answer for your self satisfaction may seek asylum in the line ‘all wants can not be satisfied’. But can you live a life with growing discontent? Will you be happy to lead a life of compromises? No is the universal answer to all these questions.
So how to make your wants come true. You can not access secured loans if you are not in a mood to offer your property in against. Loans available against property also involve more paper works and scrutiny. Wants are also uncertain and do not always come with a notice. So when you encounter a new demand you can not afford the luxury of risking your property every time.
Personal loans carry a solution to all the above problems. You can avail up to 25,000 pounds without risking your property. The lowest limit of these loans is five hundred pounds. The paper work and scrutiny related to it is simple and hassle free. You can avail the loan facility even if your credit history is not good. The most appealing feature of these loans is the complete flexibility. You can use them for any purpose.
The interest rate in personal loans is higher compared to the secured loans. It is higher as you are not providing any property as a security to get the loan. The repayment pattern is also customer friendly. You can choose the convenient repayment pattern. All you need is a search on the Internet for the companies offering such loans and registering your name in the form provided.
Personal loan make you free from financial worries. You can meet the desired expenses without sacrificing the current expenditures. So, do not make your wishes to remain unfulfilled. Make them life size and say a good bye to the financial hindrances with the personal loans.
So how to make your wants come true. You can not access secured loans if you are not in a mood to offer your property in against. Loans available against property also involve more paper works and scrutiny. Wants are also uncertain and do not always come with a notice. So when you encounter a new demand you can not afford the luxury of risking your property every time.
Personal loans carry a solution to all the above problems. You can avail up to 25,000 pounds without risking your property. The lowest limit of these loans is five hundred pounds. The paper work and scrutiny related to it is simple and hassle free. You can avail the loan facility even if your credit history is not good. The most appealing feature of these loans is the complete flexibility. You can use them for any purpose.
The interest rate in personal loans is higher compared to the secured loans. It is higher as you are not providing any property as a security to get the loan. The repayment pattern is also customer friendly. You can choose the convenient repayment pattern. All you need is a search on the Internet for the companies offering such loans and registering your name in the form provided.
Personal loan make you free from financial worries. You can meet the desired expenses without sacrificing the current expenditures. So, do not make your wishes to remain unfulfilled. Make them life size and say a good bye to the financial hindrances with the personal loans.
Friday, April 16, 2010
How to Become an Insurance Agent
A successful insurance agent must be an excellent salesperson with an outgoing personality. The agent must also possess superior mathematical skills and constantly keep up-to-date on any changes within the Insurance Industry.
Familiarize yourself with the insurance field. Life, health, property and liability insurance are the areas in which most agents currently work.
Step 2
Receive a bachelor's degree in business or economics. Insurance companies prefer to hire individuals whose academic background includes courses in finance, math, accounting, economics, business and public speaking.
Step 3
Become proficient with the computer software used by the insurance industry.
Step 4
Work part time for an insurance agency while you're in college. Ask your guidance counselor if there are any agencies in your area that have training programs for college students.
Step 5
Expect to take your state's exam for the mandatory insurance license after an agency hires you. Classes for the exam are offered in pre-licensing schools of insurance agents associations and in offices of some insurance companies. Make sure you will meet all the licensing requirements of your state.
Step 6
Be prepared to take continuing education classes for years to come. Many states require these on a regular basis.
Step 7
Obtain certification to further your advancement within the industry. By taking intensive courses and examinations after you have had considerable experience as an agent, you can obtain the highly respected designation of Chartered Property and Casualty Underwriter.
Instructions
Step 1Familiarize yourself with the insurance field. Life, health, property and liability insurance are the areas in which most agents currently work.
Step 2
Receive a bachelor's degree in business or economics. Insurance companies prefer to hire individuals whose academic background includes courses in finance, math, accounting, economics, business and public speaking.
Step 3
Become proficient with the computer software used by the insurance industry.
Step 4
Work part time for an insurance agency while you're in college. Ask your guidance counselor if there are any agencies in your area that have training programs for college students.
Step 5
Expect to take your state's exam for the mandatory insurance license after an agency hires you. Classes for the exam are offered in pre-licensing schools of insurance agents associations and in offices of some insurance companies. Make sure you will meet all the licensing requirements of your state.
Step 6
Be prepared to take continuing education classes for years to come. Many states require these on a regular basis.
Step 7
Obtain certification to further your advancement within the industry. By taking intensive courses and examinations after you have had considerable experience as an agent, you can obtain the highly respected designation of Chartered Property and Casualty Underwriter.
Insurance Agent: Career Information
Job Description of Insurance Agents:
Insurance agents, who may be referred to as insurance sales agents, help clients choose insurance policies that suit their needs. Clients include individuals and families as well as businesses. Captive agents work for an insurance company, and only sell that company's products. Independent insurance agents, or brokers, represent several companies. Types of insurance include property and casualty, life, health, disability, and long-term care insurance. Many insurance agents also sell mutual funds, variable annuities and other securities.
Employment Facts for Insurance Agents:
Insurance agents held about 436,000 jobs in 2006. About half of them worked for insurance agencies and brokerages and about 23 percent worked for insurance carriers. More than a quarter of all insurance agents were self-employed.
Educational Requirements for Insurance Agents:
Employers prefer to hire insurance agents who have college degrees, particularly in business or economics. They might consider hiring a high school graduate who has proven sales ability.
Insurance agents, who may be referred to as insurance sales agents, help clients choose insurance policies that suit their needs. Clients include individuals and families as well as businesses. Captive agents work for an insurance company, and only sell that company's products. Independent insurance agents, or brokers, represent several companies. Types of insurance include property and casualty, life, health, disability, and long-term care insurance. Many insurance agents also sell mutual funds, variable annuities and other securities.
Employment Facts for Insurance Agents:
Insurance agents held about 436,000 jobs in 2006. About half of them worked for insurance agencies and brokerages and about 23 percent worked for insurance carriers. More than a quarter of all insurance agents were self-employed.
Educational Requirements for Insurance Agents:
Employers prefer to hire insurance agents who have college degrees, particularly in business or economics. They might consider hiring a high school graduate who has proven sales ability.
Wednesday, April 14, 2010
Life Insurance - Plan for Life
The very best time to arrange life insurance
is when it's furthest from your thoughts. Take a typical young man. He's at the start of his career, possibly still living at home, but thinking of looking around for a flat. He has a car and the insurance that he arranged for it was probably his first step in the insurance ladder.
If he decided to take out some life insurance, whilst he's still young, fit and healthy he'd get the best possible rates. Probably the most valuable insurance at this stage is Critical Illness (CI) cover.
Whilst life insurance is designed to pay out to your beneficiaries if you die, CI cover will give you valuable support if you become critically ill. For our young man, starting on his career, an illness of this type could be a financial disaster. It is a fact that one in three people will develop cancer at some time in their lives, but the good news is that treatment and cure rates are improving all the time.
Advances in medical science thankfully mean that more and more people will survive many of the major serious illnesses. Unfortunately this recovery can take many months, or even years and necessitate long period of time off work. It may not be possible to carry on with the same work, meaning a change of career. In some cases it may be necessary to change your home and car.
is when it's furthest from your thoughts. Take a typical young man. He's at the start of his career, possibly still living at home, but thinking of looking around for a flat. He has a car and the insurance that he arranged for it was probably his first step in the insurance ladder.
If he decided to take out some life insurance, whilst he's still young, fit and healthy he'd get the best possible rates. Probably the most valuable insurance at this stage is Critical Illness (CI) cover.
Whilst life insurance is designed to pay out to your beneficiaries if you die, CI cover will give you valuable support if you become critically ill. For our young man, starting on his career, an illness of this type could be a financial disaster. It is a fact that one in three people will develop cancer at some time in their lives, but the good news is that treatment and cure rates are improving all the time.
Advances in medical science thankfully mean that more and more people will survive many of the major serious illnesses. Unfortunately this recovery can take many months, or even years and necessitate long period of time off work. It may not be possible to carry on with the same work, meaning a change of career. In some cases it may be necessary to change your home and car.
Are life insurance quotes useful?
The life insurance quotes refer to the rates of life insurance policies. However these rates vary from company to company and from policy to policy. Though there many sources for information about the quotes it is better to collect from the company itself. If you can collect from more companies, well and good as it gives competitive edge. Read more from the article on insurance quotes.The article covers
* What are life insurance quotes?
* Where to get them?
* Factors affecting insurance quotes
* Best life insurance quotes
Life Insurance quotes are the prices at which life insurance policies are proposed to be sold. In that context a life insurance quote does not necessarily become the selling price of all life insurance policies as some are given at concessions in case if the individuals chooses to take other types of insurance policies from the same company. In case of group life insurance scheme special discounts are also offered. Life insurance quotes vary from company to company and from individual to individual.
There are several methods for obtaining the life insurance quotes. The insured can contact the company directly to collect the information. He may also visit the official website of the company and enter the required details. He will thus be able to obtain online life insurance quotes. Similarly the insured can collect the information from insurance agents. An insurance agent will not only offer you the quotes but also help you in deciding the one that is best for you.
It is recommended to get quotes from as many companies as possible. This will give you the details of many companies and also help in deciding the best options. You may also find the competitive edge by comparing one with the other. These insurance quotes are extremely useful to you. They help you to know how much you should invest exactly in an insurance policy.
* What are life insurance quotes?
* Where to get them?
* Factors affecting insurance quotes
* Best life insurance quotes
Life Insurance quotes are the prices at which life insurance policies are proposed to be sold. In that context a life insurance quote does not necessarily become the selling price of all life insurance policies as some are given at concessions in case if the individuals chooses to take other types of insurance policies from the same company. In case of group life insurance scheme special discounts are also offered. Life insurance quotes vary from company to company and from individual to individual.
There are several methods for obtaining the life insurance quotes. The insured can contact the company directly to collect the information. He may also visit the official website of the company and enter the required details. He will thus be able to obtain online life insurance quotes. Similarly the insured can collect the information from insurance agents. An insurance agent will not only offer you the quotes but also help you in deciding the one that is best for you.
It is recommended to get quotes from as many companies as possible. This will give you the details of many companies and also help in deciding the best options. You may also find the competitive edge by comparing one with the other. These insurance quotes are extremely useful to you. They help you to know how much you should invest exactly in an insurance policy.
Health Care Options in Retirement
1. Health Care Options in Retirement
Ask a group of seniors what their top financial concern in retirement is, and chances are they'll answer "health care." With health care costs skyrocketing and limited coverage by programs such as Medicare, many retirees face stiff monthly health insurance premiums, or worse yet, no coverage at all.
Health care for seniors can be a labyrinth of programs, eligibility restrictions, coverage limitations, and overlaps, with terms varying widely from program to program and plan to plan. In addition to federal programs such as Medicare and Medicaid, some agencies such as the Veteran's Administration offer benefits for specific constituents and many states have different programs of their own with varied eligibility requirements. Additionally, unions and trade organizations may also offer retirement health care benefits. Which of these you may qualify for will depend on your individual circumstances. In general, however, most retirees have two main health care options: Medicare and managed care.
Ask a group of seniors what their top financial concern in retirement is, and chances are they'll answer "health care." With health care costs skyrocketing and limited coverage by programs such as Medicare, many retirees face stiff monthly health insurance premiums, or worse yet, no coverage at all.
Health care for seniors can be a labyrinth of programs, eligibility restrictions, coverage limitations, and overlaps, with terms varying widely from program to program and plan to plan. In addition to federal programs such as Medicare and Medicaid, some agencies such as the Veteran's Administration offer benefits for specific constituents and many states have different programs of their own with varied eligibility requirements. Additionally, unions and trade organizations may also offer retirement health care benefits. Which of these you may qualify for will depend on your individual circumstances. In general, however, most retirees have two main health care options: Medicare and managed care.
Tuesday, April 13, 2010
The Role of Insurance in Your Financial Plan
1.The Role of Insurance in Your Financial Plan
Insurance is an important element of any sound financial plan.Different types of insurance protect you and your loved ones in different ways against
the cost of accidents, illness, disability, and death.
2.What Are Your Insurance Needs?
The insurance decisions you make should be based on your family, age, and economic situation. There are many forms of insurance and, unfortunately, no one-size-fits-all policy. Life insurance, for example, is a virtual necessity if you have a spouse and children, but perhaps is less important for a single person. Disability insurance, which provides an income stream if you are unable to work, is important for everyone.
3.Auto Insurance
Auto insurance protects you from damage to the often considerable investment in a car and/or from liability for damage or injury caused by you or someone driving your vehicle. It can also help cover expenses you or anyone in your car may incur as a result of an accident with an uninsured motorist.
Auto liability coverage is necessary for anyone who owns a car. Many states require you to have liability insurance before a vehicle can be registered. However, state-required minimum coverage often does not provide adequate protection. Suggested minimums are $100,000 for medical expenses per injured person, $300,000 for the total per accident, and $50,000 for property damage. Collision, fire, and theft coverage is also advisable for a vehicle having more than minimal value. You can cut costs, however, by choosing a higher deductible -- the amount of loss that must be exceeded before you are compensated.
The cost of auto insurance varies greatly, depending on the company and agent offering it, your choice of coverage and deductible, where you live, the kind of vehicle, and the ages of drivers in the family. Substantial discounts are often available for safe drivers, nonsmokers, and those who commute to work via public transportation.
Insurance is an important element of any sound financial plan.Different types of insurance protect you and your loved ones in different ways against
the cost of accidents, illness, disability, and death.
2.What Are Your Insurance Needs?
The insurance decisions you make should be based on your family, age, and economic situation. There are many forms of insurance and, unfortunately, no one-size-fits-all policy. Life insurance, for example, is a virtual necessity if you have a spouse and children, but perhaps is less important for a single person. Disability insurance, which provides an income stream if you are unable to work, is important for everyone.
3.Auto Insurance
Auto insurance protects you from damage to the often considerable investment in a car and/or from liability for damage or injury caused by you or someone driving your vehicle. It can also help cover expenses you or anyone in your car may incur as a result of an accident with an uninsured motorist.
Auto liability coverage is necessary for anyone who owns a car. Many states require you to have liability insurance before a vehicle can be registered. However, state-required minimum coverage often does not provide adequate protection. Suggested minimums are $100,000 for medical expenses per injured person, $300,000 for the total per accident, and $50,000 for property damage. Collision, fire, and theft coverage is also advisable for a vehicle having more than minimal value. You can cut costs, however, by choosing a higher deductible -- the amount of loss that must be exceeded before you are compensated.
The cost of auto insurance varies greatly, depending on the company and agent offering it, your choice of coverage and deductible, where you live, the kind of vehicle, and the ages of drivers in the family. Substantial discounts are often available for safe drivers, nonsmokers, and those who commute to work via public transportation.
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