Search Results for: insurance

There are many things you need to consider when owning a business. You should pay attention to your partner and your business. What responsibilities each of you have, how you invest your money and what you expect to get from the business. You may not think about what could happen if your partner becomes seriously ill or dies […]

Harry Truman initiated the establishment of a national health program by asking Congress for legislation to be enacted in 1945. He was the first to sign up under the Lyndon Johnson law, twenty years later. Two decades ago, the dangers of socialized medicine were being debated. Now, the United States has opened Medicare to all seniors over […]

It is similar to buying and selling a cross-purchase plan by using your life insurance to finance a Buy/Sell Redemption Plan. You are effectively using the proceeds from your life insurance to fund a Buy/Sell Redemption Plan to make changes in ownership on a partner, a corporation or a member. This could be similar to basic buy-sell […]

Although Lloyd’s slips are now accepted electronically, they were originally printed on paper. They contained all details of the risk that was to be placed on Lloyd’s of London’s insurance market. The Lloyd’s slips, which are standard documents in a format that are meant to help not only the underwriter to take into account the risks […]

Fear of redundancy and no savings? Many people find themselves in this situation and are forced to think about what they would do if their job was lost. The state benefits are very minimal. The Job Seekers allowance is at PS64.30 per semaine (PS50.95 for people under 25). This is compared to: According to the Retail Food Consortium June […]

According to statistics, 10,000 UK bikers cancel their insurance policies during the winter months each year. Bike owners often lock their bikes away, but unfortunately their bikes can still be stolen even if they are stored in a garage. Many motorbikes are kept in garages during winter months by thieves. Every month, over 600 bikes […]

Viatic settlement refers to the sale by the policy owner of a life insurance plan before it matures. This sale gives the policy owner immediate cash settlement. Viitical settlements are generally for insured people with a shorter life expectancy than five years. Life settlements (also known as senior settlements) are similar to viaticals. They involve the sale of […]

These complex financial products combine investment growth and life insurance in one package. These products were popular among homebuyers in the eighties, nineties and nineties as a way to repay a mortgage. Many people purchased them because they were able to get large commissions from home loan companies and middlemen like estate agents. These charges are often […]

The (ACV)Actual Cash Value Policy does not insure the property, but only the VALUE. Let’s suppose that the insurance company decides to “Repair” insureds damaged property as per their contract. However, this does not relieve them from their contractual obligation to restore the Pre-Loss value of the motor vehicle. In cash, policyholders should present the motor […]

Insurance companies strive to earn customers’ trust. Imagine a situation where the right people aren’t rewarded, and the wrong ones get rewarded. This can lead to chaos and loss of faith in the system. The question now is, “What breaches the trust utmost?” It is the return on the customer’s investment in a product or service that matters […]