According to the State Departments of Insurance, consumers complain most about their claim settlements. Sometimes the insurer is at fault, but sometimes policyholders are responsible for not receiving the correct coverage. Today I will walk you through how to file an insurance claim complaint. The process will be used in Georgia, my home state. You can find the […]
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May
May
Insurance is the most popular risk transfer method in risk management. There are three levels of insurance protection. The first is the social layer provided by national programs. It will be CPF insurance, such as DPS, HPS and Medishield. These are the most basic and affordable, as well as having the lowest premiums. The second is the group […]
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May
May
Acquisition Strategy A buyer must create a comprehensive acquisition plan in order to complete a successful acquisition. All successful strategies must be flexible, but you need to determine the right fit and what to look out for in an acquisition target. This can help you save time and money down the road and serve as a guideline […]
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May
May
Heather, my client called me and I immediately knew there was something wrong. Her voice was usually upbeat but this time she was trembling. She said that her father had suffered a stroke. He couldn’t talk, thought clearly and was unable move like before. Heather was aware that the roles were reversed and she would now be caring for […]
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May
May
Assured: Those who are covered under an insurance policy. Benefit– Money paid to policyholders when they file a claim. Bid price – This is the selling price or cash in value of your unit holdings. Bonus– This refers to a policy with-profits. The money that is added to the benefit under the policy. The insurance company’s profits will […]
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May
May
Risk Management Alternate risk transfer is another way to say alternative methods of insurance or risk management. There are many. There are many options available, from self-insuring to the more basic option of not having insurance at all to “program business captives”, and there are many other strategies. It is important to know a few facts […]
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May
May
Mythology and misinformation are rampant in life insurance. This article will dispel some myths and give useful information to assist consumers in making rational decisions about the purchase of life insurance. An earlier article, “Why Buying Term Insurance and Investing The Difference Is A Big FAIL!” was published. In an earlier article (“Why Buying Term and Investing […]
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May
May
Why should we purchase insurance? Answers may vary depending on the needs of each individual. It could be used to provide financial protection. Some people use it as a way to save taxes. There are many insurance plans on the market that cater to different needs. Therefore, one should not buy insurance just because they need it but […]
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May
May
It is not easy to educate and communicate with employees about the benefits offered by their employer and broker(s) before the “Enrollment Period”. The Employer and Broker must collaborate to make the Benefit Plan Design, the Programs, and/or Services clear and understandable for the employees and their families. Effective “Group Meetings”, including preparation and follow-up, can have […]
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May
May
There is a lot of competition to buy an independent agency in the insurance industry. This is especially true if the agent does not own an agency. Not a strategic acquirer. My firm regularly works with agents across the country to help them sell and acquire insurance agencies. We know firsthand what it takes for deals to happen. After […]