Online Training New and Entertaining Way of Study

This new concept of offering educational costs has obtained massive popularity globally with the Internet’s progress and the new technologies which allows numerous learners hugely. This online studying technique adds additional scale in many ways in on the internet tutoring. To encourage learners a personal attention internet-based research resources can be involved and they are sure to provide better results and the instructors can see the growth chart of scholars while studying. Some tutoring tools like tests and games relevant to the individuals can also be in the research sessions to make learners interested and engaged. Open boards and boards add additional benefit in their studying process.

writing help

One of the many advantages on the internet tutoring is that instructors have the freedom of offering their research assistance reasonably to learners. It can be either one to one tutoring or a group tutoring depending on the choice the instructor likes. Those who have appropriate knowledge or expertise in a particular area of research can opt for this profession on a part-time basis which provides excellent home-based job-saving lots of persistence while offering a steady income. There are many agencies which hire on the internet instructors and those who a desire and the required capability can easily join one of them and become self-employed. These individuals need to be full of passion and willingness to help others in mastering.

The main objective of on the internet tutoring is not doing the research or any research relevant focus regarding the student but encourage them in finding the solution to their problems which increases their studying potential in this way. The attempt the instructors put in the planning and developing of the educational costs session decides the success of scholars as well as the instructors. The on the internet tutoring can be personalized as per the relevance. The on the internet instructors can are dedicated to other educational costs areas like test preparation, research skills writing help and earn substantially.

Individuals that can’t afford the luxury of the pc and a wide band internet network not to mention also the stability of credit cards usually have to rush for the mushrooming class areas installation with the only commercial goal of making profits looking for support while using examinations pursuing the university higher education student hot on its pumps. Professional statistics talking to help is not likely available from well-known teachers and experts from the subject, not at least for the troubled students who definitely have term examinations gazing tough at their experiences and saving from playing gaming.

Does Age Affect Insurance Rates

Facts state that age is inversely proportional to insurance cost. People start driving their cars during their teenage years and continue doing so for as long as they can. However, insurance companies look at teen drivers as their liability, while they give 40-year-old drivers quite an advantage. How does age affect the insurance rate?


Teens at the age of 16 can start driving after getting their license. Car insurance for 16 year old teens is quite expensive. That is why many parents just include their teenage child to their insurance policy. However, including a teenager on your insurance could be equally disadvantageous. The cost of your insurance when you include your 16 or 18 year old son or daughter on it could double. This is because teens have insignificant driving experience, making them vulnerable to driving accidents. Statistical data support the assumption that more car crashes are caused by teens than by adults.

Auto insurance for 16 year old drivers may be less expensive under certain conditions. Teens with good grades may be eligible for less expensive insurance policies. Also, owning an older, less expensive car allows them to avail of cheaper rates.

College Students

Drivers in their late teens and early twenties, usually college students, may avail of cheaper insurance rates than 16-year-olds. But dont be too hopeful. This age group still falls under the high risk category for insurance companies, and insurance rates for them may still be above the average. Insurers look for certain conditions when assigning rates on the insurance of a college student. One is how often they need to drive and how far they are from school. If your son or daughter moves out of the house and moves someplace near school, then their insurance rates can drop.


People between the age 24 and 40 get favorable rates due to the fact that they are already experienced in driving and have jobs. People in this age group are more responsible and more careful. They take less risk in anything, including driving. By this age, they already know the value of money. They want to drive carefully because they know the consequences of bad driving habits. They dont want to do anything that will drive the cost of their insurance up in the future, because they know the value of money they work hard for.

Of course, not all adults are good drivers, but majority are. This makes them eligible for lower insurance rates. Rates may be affected by gender. Men may get higher rates than women, because adult males have more bad driving records. But basing the difference on age alone, it can be assumed that car insurance for 16 year old drivers is significantly more expensive than that for 25 year old drivers.

However, being an adult does not guarantee you of average cost insurance. Age is just one factor that determines insurance rates. Even if you reach 50 and are enjoying low rates, your fate can suddenly change if you are caught driving under the influence of alcohol or if you got involved in a traffic accident. In other words, you can enjoy good insurance rates as long as you keep your good driving record.

Identifying The Most Common Insurance Kpi

Many people think that running an insurance firm is just as easy as selling premiums and waiting for the payments to come in. Actually, there is a lot more to it than that. Oftentimes, it involves processes that test even the mightiest business strategy. Of course, there is the accounting and collection management. But above all these management processes, measuring performance is one that should not be left out. In the operation of an insurance agency or company, knowing what yardstick to use to determine current performance is good. But learning the important insurance KPI or key performance indicators is better. Below are lists of most common and possible indicators that insurance companies should focus on.

In reality though, the KPI or key performance indicators most giant insurance firms use are not that different with those used by retailers or sales oriented companies. Basically, the nature of business of an insurance company is to sell. The difference comes with the products that are being sold. See, retailers or manufacturers sell good at a one time basis, which means, after a product is sold and consumed, the seller no longer has to deal with the customer. But with an insurance company, the lifecycle type of sales occurs. Once, an insurance policy is purchased, the company is obliged or attached to cover the cost, especially in paying the benefits of the customer.

Generally, there are six most common key performance indicators used in managing an insurance firm. First, the company must measure the number of policy sales. This is the most basic and just about the most important of all. A dip in quarterly sales is not just a historical record. It is even more like a threat for the company since a decrease in number of sold policies can imply long term wounds on company sales. So, before anything gets worse, the firm must make its move accordingly. The second KPI is to determine the ratio of policies that are renewed against the accumulated number of sold policies. Knowing this will not just give managers an idea of which policy sells more. It will also help them make changes in updating old and current customers.

The third KPI is determining the number of missed payments or lapses. It is not only the performance of the company that should be tracked here but also the contribution of the customer. Oftentimes, when neglected, due payments lead to undesirable incidents, such as foreclosure. Measuring this indicator is best done when the number is identified as a percentage of the total sold policies. The fourth KPI still has something to do with lapses, only that the indicator should fall in the first 2 years of using the policy. The fifth key performance indicator is the quota. This figure usually tells the insurance company how effective collectors, agents, and sellers are in targeting desired sales. The sixth KPI for an insurance company is identifying the total paid benefits as a percentage of the premium.

These insurance KPI or key performance indicators are just actually part of the many metrics one can use. These indicators may not be used all the time, but you should be able to get the idea by now. If the company currently has a new project, it is best that agents and managers work together to achieve good results.

An Introduction To Mortgage Insurance

Not all people can come up with a substantial down payment on a property. If the lender thinks that your down payment is too small and the has to finance more than 80% of the purchase price, you may be approved for a high-ratio mortgage. Theres one requirement before getting approved for a high-ratio mortgage: it must be insured.

Mortgage insurance therefore works for both lender and borrower. Should you become ill or lose your job, your insurance automatically pays off your mortgage. The lender knows that should anything happen to you, their loan will be paid by the insurance company. The fees are over and above your mortgage payments.

Most banks and credit unions in fact finance up to 80% of a mortgage, but charge a high-ratio insurance fee on the total mortgage amount. In Canada, mortgage insurance is available through Genworth, the CMHC, and more recently, Canada Guaranty, although the insurance can be processed at the bank or lenders office.

The premiums you pay for the insurance hinges on the whole concept of risk. The higher the loan or debt, the higher the risk, and therefore the higher the insurance premium. Most lenders will include the premium with the monthly or weekly payments. Or, you might pay the lump sum of the premiums when you finalize the mortgage transaction. Premiums can range anywhere between 0.5% and 3% of the total mortgage amount, depending on how much risk the lender is exposed to.

Mortgage insurance is available to borrowers who purchase property, whether it be a single family home, a condominium, a duplex or triplex, or even a commercial building.

Life Insurance Versus Mortgage Insurance

You may want to consider purchasing life insurance instead. With a mortgage insurance policy, the lender is the beneficiary. With life insurance, you get to select your beneficiary.

With mortgage insurance, the insurance amount decreases with the mortgage, and you run the risk of not receiving adequate protection after a certain number of years. Not only that, your insurance amount decreases but you pay the same premiums. With life insurance, your coverage and premiums remain the same.

If you change lender, you cannot transfer your mortgage insurance to the new lender.

When deciding between mortgage insurance and life insurance, people are tempted to go with mortgage insurance because the premiums are lower, but this may be an disadvantage when the time to claim protection comes.

As for the underwriting principle: the underwriting for a mortgage insurance policy, when purchased from a bank, is done on a post claim basis. This means that the insurance is not underwritten until a claim is made. Think of the implications. The insurance company can decide that youre not eligible for a payout even if you have been paying premiums consistently.

In a life insurance policy, a licensed insurance broker will examine your medical history before a policy is issued. Once the policy is issued, you start paying premiums. This way, you will know whether or not you have been approved for life insurance.

Mortgage insurance is a standard, one size fits all. Everyone is considered equal risk. The premiums are calculated according to your age and the size of your mortgage. No discounts are offered to women or non-smokers. The premium payments do not decrease as the mortgage is paid off.

In a life insurance policy, your premiums are determined on your personal situation. The premium amount depends on your health and health exam. Unlike mortgage insurance, women and non-smokers receive a discount.

As for the payout itself, the policy will only pay the balance outstanding of the mortgage. If your mortgage was originally 100,000 but have paid off $70,000 by the time you make a claim, the payout will only be $30,000. With life insurance, if you purchased coverage for $100,000, your beneficiary gets the full $100,000.

And finally, mortgage insurance will pay your lender. You have no say in this matter. With life insurance, you have the right to select who your beneficiary will be.

There are advantages for having your own term insurance. One principal advantage is its portability. This means that even if your mortgage is paid off, you still have the life insurance. But should you become ineligible for life insurance because of a health exam, you may still qualify for mortgage insurance without a medical exam, although youre strongly encouraged to speak to your lawyer about this.

Life Insurance And Taxation

If your company owns life insurance policies on your executives or any key people for that matter, you need to be aware of the potential tax ramifications and the requirements to avoid taxation of benefits. Important changes have taken place in the last few years that can significantly impact the taxation of corporate owned life insurance. The information below is designed to inform you of the IRS regulations that have been implemented over the last few years and what is needed to comply with these IRS requirements so that policy proceeds avoid needless taxation.*

Pension Protection Act of 2006 and Life Insurance Taxation

On August 17, 2006, President George Bush signed tax legislation containing provisions that significantly impact key man and other employer owned life insurance purchased after August 17, 2006. The legislation, known as the COLI (Corporate Owned Life Insurance) Best Practices Act (which is part of the Pension Protection Act of 2006), includes the proposed IRC Section 101(j). Under this proposed law, life insurance death benefits for business-owned life insurance policies issued after the effective date of August 17, 2006 are income taxable (to the extent the death benefit exceeds the employer’s premiums) unless certain requirements are met.

This new legislation applies to all employer-owned policies issued after August 17, 2006 and includes policies used for key man insurance, stock redemption plans, Corporate Owned Life Insurance and Supplemental Executive Retirement Plans (among others). It may also extend to collateral assignment (economic benefit) regime split dollar and split dollar loans. With this law, all situations where an employer will have full or partial ownership of a insurance policy that is issued after August 17, 2006, regardless of the purpose of the policy, will need to meet certain requirements and follow specific guidelines to avoid potential taxation.

Avoiding Taxation of Key Man Life Insurance

In order to prevent policy proceeds (death benefits) from being income taxable, both of the following requirements must be met:

  1. Notice and Consent Requirements: a) The employee must be notified (in writing), prior to the life insurance policy being issued, that the employer intends to buy a policy on his/her life and disclose what the maximum face amount that is being applied for on his/her life is; b) The employee must provide written consent to being insured and agree that the employer may choose to keep the policy in force even after the employee separates employment; and c) The employee must be notified in writing that the employer is the beneficiary of all or part of the death benefit proceeds. Under the COLI Best Practices Act, unless the employer provides written notice and obtains the employee’s written consent prior to the issuance of the policy, the death benefit of the life insurance policy will be taxable from day 1. Notice and consent may not be obtained after the life insurance policy is issued to remove this taxable death benefit status.
  2. Once the “Notice and Consent Requirements” are met, there are two “Exceptions” to the rule taxing death proceeds payable to an employer, one of which must be met: a.) Exception #1: 1) The insured was an employee at any time during the 12-month period before the insured’s death OR 2) The insured was a Director or “highly compensated employee” at the time the contract was issued. b.) Exception #2: Any amount received by the employer as a result of the insured’s death is paid to: 1) A family member of the insured; 2) A designated beneficiary of the insured under the contract other than the employer; 3) A trust established for the benefit of a family member, other designated beneficiary, or the insured’s estate; or 4) A family member, designated beneficiary, trust, or estate in exchange for any interest they hold in the corporation / employer (i.e. buy-sell agreement). If both the “Notice and Consent Requirements” and one of the “Exceptions” above are met, Corporate Owned Life Insurance proceeds would be received income tax free if the policy death benefits would otherwise be eligible for favorable tax treatment. COLI Best Practices Act- Reporting Requirements All employers are required to report annually all corporate-owned life insurance policies to the IRS. The annual reporting requirements imposed under the IRC Sec. 6039I include: 1) The total number of employees at the end of the year; 2) The number of employees insured under COLI arrangement at the end of the year; 3) The total amount of insurance in force on all insured employees at the end of the year; and 4) The employer’s name, address, tax payer identification number and type of business, and 5) A statement of valid consent for each insured employee (or, if all required consents are not obtained, number of insured employees for who consent was not obtained). The IRS requires this reporting annually on Form 8925 ” Report of Employer-Owned Life Insurance Contracts.” It is a simple form and must be completed to comply with IRS Code. You should consult your CPA or professional tax advisor immediately for more information on Form 8925 and the IRS reporting requirements. If proper record keeping and reporting is not maintained, any and all key man life insurance policy proceeds or other corporate owned life insurance death benefits may be subject to income taxation In Conclusion Corporate Owned Life Insurance Policies including key man insurance policies issued after August 17, 2006 may have death benefits that are subject to income taxation if certain requirements are not met. The Pension Protection Act of 2006, which includes the COLI Best Practices Act, includes provisions that have significant consequences for key man and other employer owned insurance purchased after August 17, 2006. You need to understand the Notice and Consent requirements and well as the Exceptions and Record Keeping and Reporting requirements and comply with the IRS so that key man insurance policy proceeds avoid needless taxation. Unfortunately, if you have a key man policy issued after August 17, 2006 and you have not been compliant, your best bet to avoid potential income taxation may be to scrap your current policy and start over!
  • All of the above tax information is for information purposes only and is provided to explain the basic tax treatment of life insurance based on the Internal Revenue Code. Any individual or entity considering any life insurance policy should consult with their own CPA or tax/legal advisor that understands their particular tax circumstances and the rules governing their state. In no way is this information intended to be tax or legal advice.

Health Insurance Explained In Plain

Understanding health insurance and the health industry is much easier if you recognize some of the basic terminology and how it applies to you and your health insurance policy. If you have a health insurance plan and arent sure how it works or what the terminology means, take a few minutes to read the explanations below. Knowing these terms and what they mean to you can greatly aid you in dealing with your health care providers, insurance company, insurance agent, or during the health benefits shopping process.

Benefit Year
This is the 12-month period in which your benefits are calculated. Most insurance companies use a CALENDAR year, which is January 1 to December 31, but a few will use a 12 month period from when your policy goes into effect. For example, if your insurance goes into effect on June 1, the END of your benefit year is May 31. Make sure that you understand how your benefit year will be calculated.

Deductible means the amount of money you must pay out of your pocket for medical expenses EACH YEAR before your health insurance begins paying out. Deductibles are usually reset to 0 at the beginning of each calendar or benefit year. Many insurance companies offer health plans that have benefits that are not subject to having to meet your deductible each year such as doctors office visits, immunizations, wellness or routine exams, etc. An easy way to remember what this term means and how it works is this:

When you have incurred medical expenses, all bills must be sent to the insurance company. When the insurance company looks at your bills, they then look at your policy and see how things are covered. They will then add up what the combined medical expenses have been for the year to date: determine what your deductible is and how much you have already paid towards meeting your deductible for the year, and pay out according to how your insurance policy says it will.

So in a nutshell, the insurance company is deducting your financial responsibility for medical expenses each year from the total combined medical expenses before they have any responsibility to pay outhence the term deductible.

A co-pay is an amount that is paid by the patient to a provider at the time of service. It will either be a flat fee (like $15 or $20) or it can be a percentage of the service provided. The percentages or fee may vary depending on the type of service provided. A co-pay is different than coinsurance see next.

Coinsurance is the percentage paid by the insurance company after you pay the deductible. Example: Your health insurance pays 70%, you pay 30%. The insurance company pays 70% coinsurance, you pay 30% coinsurance. Most health insurance policies will have a limit on the amount of coinsurance you have to pay out each year this is known as your Annual Coinsurance Maximum or Stop-loss.

Annual Coinsurance Maximum
After paying your deductible and after paying your coinsurance (classically 20% or 30% of medical expenses) to a certain dollar amount, your health insurance will pay 100% for the remaining costs in the calendar year. Example: After you pay your deductible, your health insurance pays 70% of medical expenses and you pay 30%. Once you reach the coinsurance maximum, you no longer pay 30% of the medical expenses because the insurance pays 100%.

Out of Pocket Maximum or Stop Loss
Stop Loss is the maximum amount of money you will have to pay out of your pocket in the benefit year.

Lifetime Maximum
This is the limit of the money the health insurance will pay out over your lifetime. Most major medical health insurance policies will be a $2 million lifetime maximum, while others will go as high as a $12 million lifetime maximum. In general, it is not recommended to have a policy with less than a $2 million lifetime maximum.

Office Visits
When you visit a doctor in their office they normally bill the health insurance company for an “office visit.” Most health insurance plans pay office visit expenses at the coinsurance (generally 70% or 80%) after the deductible. Some health insurance plans pay office visit expenses at the coinsurance rate but waive the deductible, which means you dont have to reach the deductible amount before they will cover their portion of the expense. Still other health insurance plans pay office visit expenses in full after a co-pay (usually $25 or $30). It should also be noted that office visits can be classified in two different categories. One category is usually called Routine Care, Wellness visits or Preventative care (see definition below). The other type of office visit is deemed as Medically Necessary (see definition below). Certain health insurance policies cover each of these types of visits differently and other plans do not cover them at all. If having these types of office visits covered by your health insurance policy is important to you, make sure you let your agent know so that they can help find the right plan for you.

Preventive Care
Preventive Care is classically defined as routine exams, immunizations, well child care, and cancer screenings. These include your yearly exams and checkups for things such as physicals, pap smears, mammograms, etc. Not all plans cover preventive care. It may not be a wise use of your money to have preventative care included in your plan if you never go to the doctor. A good health insurance agent can help you determine if this is necessary coverage for you.

Medically Necessary
These are the visits utilized for your smaller ailments such as colds, flu, ear infections or minor accidents. Not all plans cover medically necessary visits, so make sure you know if your policy includes these exams if you need them covered. You may consider purchasing accident insurance or adding a rider (explained below) to your policy to cover these types of issues.

Diagnostic Lab and X-Ray
These are tests involving laboratory or imaging services (such as x-ray, CAT scan, etc.) to diagnose a health problem. These services are usually paid at the coinsurance (typically 70% or 80%) after the deductible.

Chiropractic Care
When you visit a chiropractor for spinal manipulation or other services, these expenses are customarily paid at the coinsurance rate (70% or 80%) either after the deductible is met, or by waiving the deductible. Most health insurance plans limit the number of chiropractic visits/services to 10 or 12 per year especially if the deductible is waived. After this, additional visits are not paid by the health insurance plan, and you will be responsible for the full amount of the bill.

Inpatient or Outpatient Care
When you receive care from a hospital (inpatient or outpatient services), these expenses are customarily paid at the coinsurance rate (70% or 80%) after the deductible has been met.

Emergency Room
When you receive care from a hospital emergency room, these expenses are customarily paid at the coinsurance level (70% or 80%) after the deductible. Most health insurance plans also require you to pay an additional co-pay (commonly $75-$100) for each emergency room visit. A number of plans waive this additional co-pay if you are actually admitted to the hospital through the emergency room and the plan will pay as an inpatient service. A plan can sometimes be structured to have separate coverage for accidents as an additional rider (see definition below) to your policy.

Prescription Medications
Prescription medications can be classified as generic, brand name, or non-preferred brand name (see below for definitions). Please Note: Not all health insurance plans pay for prescription drugs, so if you already take prescription drugs or think you will need help in the future with prescription drugs, you will want to make sure that you are purchasing a plan that includes this coverage. Prescription drugs may be covered at the coinsurance rate (70-80%) after a deductible specifically for prescription drugs is met, other plans may include Prescription drugs in the total deductible for the plan.

Generic Medications
Drug manufacturers are permitted to sell a generic version of a medication after the patent expires for the brand name medication (generally 20 years after the brand name medication was registered). Generic medications are equivalent to the corresponding brand name medication, but are much less expensive than the brand name medication. Health insurance plans frequently provide better payment for generic medications as an incentive for you to ask for the generic version. About half of all prescription medications filled in the United States are filled with generic medications.

Brand Name Medications
Brand name medications are more expensive than generic medications. Most health insurance plans create a limited list of brand name medications that they will pay for and many health insurance plans also provide less coverage for brand name medications than for their generic counterparts.

Non-Preferred Brand Name Medications
Most health insurance plans create a limited list of brand name medications they will pay for. If your brand name medication is not on this list, it might be paid at a lower level under “Non-Preferred Brand Name Medications.”

Some health insurance plans cover the cost of maternity, which includes doctor and hospital charges for prenatal care as well as labor and delivery. Maternity is expensive to add into a health insurance policy because it is considered a guaranteed expense for the insurance company. If a woman becomes pregnant, it is a safe bet that there is going to be medical expenses incurred! If there are no complications and the birth goes well, the insurance company will be out a large monetary portion of the cost of delivery and even more if there are problems with the delivery or the newborn. Insurance companies price maternity so that they can still maintain profits. In some cases it may be best to save your money and pay for the prenatal care and the delivery out of your own pocket (or on a credit card) and let the insurance cover the catastrophic events. The difference you save in the monthly cost of having maternity coverage may be well worth it to you. Remember, once you have a policy that covers maternity, you cant just remove the maternity coverage after the pregnancy is done! You will continue to pay for that maternity coverage for as long as you have that policy.

Mammography is a specific type of imaging that uses a low-dose x-ray system for the examination of breasts to detect early breast cancer in women experiencing no symptoms and to detect and diagnose breast disease in women experiencing symptoms. Current guidelines from the American Cancer Society (ACS), and the American Medical Association (AMA) recommend a screening mammography every year for women, beginning at age 40. Various plans will have automatic coverage for mammograms but some will not. Several states (like Washington State, for example) have specific guidelines that require companies to have coverage for mammograms in their policies as an automatic benefit.

Mental Health
Outpatient mental health services include visits to a licensed counselor, therapist, or psychiatrist. Inpatient mental health services include admission to a psychiatric hospital. Many plans do not cover mental health services.

Rehabilitation Therapy
Rehabilitation therapy may include physical therapy, occupational therapy, speech therapy, message therapy, cardiac rehabilitation, and chronic pain therapy. Most health insurance plans limit rehabilitation therapy to a certain number of visits per calendar year or to a certain dollar amount that they will pay for rehabilitation for either the year or for a lifetime.

Anything that changes the way your policy acts by default is called a Rider. A rider can be anything from an exclusion of coverage for a medical condition, or additional coverage for potential conditions. (As in an accident rider mentioned earlier in this report)

Occupational Coverage/On the job coverage
The largest portion of health insurance plans do not cover occupational related medical expenses. This can be a HUGE pitfall for self employed people. Always make sure that if you need to be covered while you are working that your plan will give you on the job coverage. If you get injured or sick while you are on the job and you do not have Workmans Compensation or Labor and Industries accident coverage, you may have to pay for ALL medical expenses out of your own pocket.

Vision Coverage
Vision coverage is usually broken into two parts: vision exam, and vision hardware. Vision exam benefits include the cost of a refractive exam used to test vision acuity (20/20, 20/40, etc.). Vision hardware represents the cost of eye glasses or contact lenses. A number of health insurance plans do not cover vision exams or hardware. However, medical issues relating to the health of the eye (like Glaucoma) are almost always covered under the regular medical portion of the health insurance plan.

Doctor Directory
Each insurance company will have a list of doctors that the company has negotiated terms for payment of services with. You can go to the insurance company’s website to find a listing of contracted preferred providers.

This information may help you understand a policy that you already have, or aid you in understanding a policy that you may be thinking about purchasing. The more knowledge you have about what the industry jargon means, the more you will be able to make informed decisions about the insurance you choose to use.

Life Insurance Guide For Over Fifties And Over Sixties

How important is our life? How important is our life to our family?

If you are the soul bread earning member then there are more responsibilities not only while you are there but also take care of their needs when you are not there. Life insurance is once such concept where people insure their lives and if there is unexpected loss of life of the insured person then the family or the person who is entitled to receive the insurance money gets the money. Loss of life is most of the time unexpected. A person goes to work and does not return; either gets a heart attack at his work place or undergoes a fatal accident. There are no ways to overcome the fate. Though there is no replacement for the loss of life, only thing that we can do from our side is make sure our family does not suffer from financial loss after our death. Life Insurance becomes critical in such cases and really helps the family to survive the hard ship. The Life Insurance money might be helpful for your kids education or to buy a house on their own or to settle down in a proper business. All this would definitely take the family to the right way financially.

In recent times Life insurance had gained popularity and also people have started understanding the real need of insurance. If you are already fifty years or sixty years old, do not worry its not late for you too. There are policies especially to cater people older than fifty years and sixty years. The group policies are referred as Over fifties life insurance and Over sixties Life Insurance . There are real reasons for taking life insurance at this age, nowadays people work even after the age of 60 and 70. People tend to be more active even at this age and also there is a financial need. People nowadays take huge loans and the term for paying them back is also long. This makes people to work for later years as well. Jump Money provides Over fifties Life Insurance and over sixties life insurance at very good rates. When you go for insurance at a very late stage, then the premium tends to be more. In Jump money they also provide life insurance till the age of 89, but it is always good to go for early insurance since we dont know when the real need would occur. Do not waste your precious time and it is good to visit the Jump Money insurance consultant and get the details on the other insurance policies.

Departmentalization Of Insurance Companies

The company treasurer or controller may be a functional officer rather than an executive officer. The same thing may be true of the legal counsel. Often, functional officers are eventually elevated to the position of executive officers by promotion to a vice-presidency. Thus, although the office of legal counsel may not be recognized by the charter of the company as an executive office, the counsel may be made an executive officer by promotion to the position of “vice-president and legal counsel.”

In a small insurance company, just as in any small business, departmentalization may be theoretical; that is, employees may perform functions in several departments. Executives, especially, may have charge of several departments. In the large company, of course, the various territorial departments may be virtually companies within themselves, in that they may be staffed to perform every function necessary to that department without assistance from any other department.

A small company may have a tendency to be more trustworthy and less complicated, but a larger company is less likely to fold, and would probably be cheaper. But all companies are different, so it is up to you to decide which can provide the best life insurance.

There are at least five bases of departmentalization: functional, product, territorial, customer, and executive interest.

Functional departmentalization is based upon functions performed. Thus, there would be a legal department, an investment department, an agency department, an advertising department, a purchasing department, a claims department, an engineering department, and the like.

Product departmentalization determines the scope of a department by the type of product with which it deals. In an insurance company, there may be a life insurance department, an inland and ocean marine department, fire department, liability department, automobile department, accident and health department, and others.

Territorial departmentalization means the departments are determined by the territory over which they exercise jurisdiction. Thus, in a large insurance company, there may be an eastern department, a western department, and others. Most companies which do business outside their own country will have a foreign department. The foreign department may be further broken down, for instance, into a Latin American Department and a European Department.

Customer departmentalization establishes departments by the nature of the class of customers with which it deals. Customer departmentalization is often difficult to distinguish from product departmentalization, the two being sometimes virtually identical. In insurance home office operations, pure customer departmentalization, for example, will be found in a reinsurance department, which deals with sales to other insurance companies; a special risks department, which handles the large self-rated accounts; and a group department, often including salary savings and pension trusts, which sells only to employers and in the mass rather than to individual policy buyers.

An easy distinction would be a department that deals exclusively with life insurance rates without medical, versus a department that deals with life insurance rates that require an exam.

Finally, executive interest must be recognized as a very practical and frequent basis of departmentalization. Departments may be organized along the lines of the interest of any given executive or executives in the business, even though those interests may be somewhat diverse.

The bases of departmentalization vary from company to company. They also vary within any one company. Many of the departments of a company are organized along functional lines, although much use is made in the insurance business of product, customer, and territorial departments.

Cell Phone Insurance Including Extended Warranty And Accidental Damage

The phone insurance calculator introduced by Ensquared as the first-ever in the US has begun to make waves in more ways than one in the cellular insurance environment. Consumers are questioning their phone insurance policies and particularly how they tie in with their service providers. They are getting to know that there are other cell insurance options out there on all kinds of issues like phone damage, lost phone, stolen phone and extended warranty. All kinds of new questions have arisen now that the phone insurance calculator is in use; most of them relating to really understanding terms in the phone insurance calculator and comparison tool, as well as general terms in the phone insurance arena. One of the most perplexing areas of cell phone insurance understanding is the difference between extended warranty issues, accidental damage and damage that doesnt classify under either of these two.

Phone insurance modules are straight forward and boil down to five items: Phone extended warranty, phone damage, phone lost, phone stolen and data lost. We are going to focus here on the two items creating the most cell phone insurance confusion

Extended Warranty

This relates to mobile phone insurance on electronic faults covered by manufacturer in the prescribed warranty period (normally 1 full year) but emerging after the warranty period. This includes built-in defects in handsets resulting in non-function of phone electronics that can be traced back to the manufacturer. If you think about it, this is a very difficult space to pin anything down in. Why? Because it excludes phone damage due to negligence and often the line between the two is very fine indeed. At any rate, extended warranty starts when the Manufacturer’s Warranty ends. To remove the fine line extended warranty should be taken out in combination with phone insurance covering accidental damage from handling or ADH as it is often referred to so that you dont get into debates on which side of the fence a broken phone falls

Accidental Damage from Handling (otherwise known as ADH)

This important phone insurance aspect relates in fact to phone damage and broken phone outside of extended warranty cell insurance resulting from drops, water damage, bangs and spills. Note that accidental is different from willful or abusive damage and different also from normal wear and tear and loss of data. Also some policies exclude phone water damage from weather (versus accidental spills). This section of phone insurance is not clean cut and defined and so terms and conditions of the cell insurance policy should be read carefully.

Top 7 Reasons New Insurance Agents Fail To Reach Success

There can be multiple reasons that contribute to a new insurance agents failure. Here are the most common reasons have found that lead to failure.

Most Insurance Agents have a Limited product portfolio and are unable to cross sell other insurance products.
Agents don’t have a proven sales track or sales system to follow which most new insurance agents need to get results quickly.
They don’t create consistent cash flow from insurance sales quick enough and must leave the insurance business to go back to an hourly paying job just to survive.
New Insurance Agents start out in the insurance business with little or no reserves to fall back on. Most businesses require some upfront capital or reserves to get started.
A lot of agents do not get enough training (Product or Sales) to give them a fair chance of making it in the insurance business.
Insurance Agents are not taught effective prospecting and marketing techniques that generate a consistent flow of sales prospects.
Some people simply don’t have the drive, work habits, persistence, self motivation or ability to handle rejection that it’s takes to survive in an insurance sales career.From my experience of hiring and training insurance agents over the past 23 years, I have found the following items need to be present in order to maximize a new agent’s chances for success long term in the insurance industry.

A quality multi-product portfolio to offer multiple insurance solutions when different needs are uncovered during the initial fact finding process with a potential client.
A proven sales track and presentation that can be taught and implemented very quickly. One that gets sales results but also generates a generous flow of new prospects and referrals.
An advance commission system that provides weekly cash flow so the new agent can focus on their training and sales, not their bills that are due.
Tools that make learning and growing in the insurance business fun and automatic. (I.e. Archived Training Videos, Health and Life Quote Engines, Live Product and Sales Training Webinars, etc.)
Quality contracts that provide immediate 100% vesting rights and commission growth opportunities to General Agent commission levels.At National Marketing Group we have learned over the years the essential pieces that new agents need to not only survive but thrive in the insurance industry. Our mission statement says it all. “First, to offer the Independent Insurance Agent a support system that provides a platform for success in Insurance Sales. Second, to build long term relationships through a foundation of trust and commitment.”

We sincerely believe the 80%-90% failure rate of new insurance sales agents entering the insurance industry can be significantly reduced when the right agent support system is in place. We encourage you and invite you to join us in this very exciting and rewarding career opportunity. Hope to hear from you soon!