Monday, September 2, 2013

Life Insurance Salesmen

It is a tough jog to sell life insurance. After all, one has to be able to sell the need - which is usually the gloom and doom of what happens in case of an unexpected demise. It takes a special kind of person, one who wants and needs the commission, but has to curb the urge to over-sell to earn it. It's a fascinating and challenging way to earn a living. This is most likely why the burnout rate is usually four years. Today's Agent Life insurance is an old occupation - one that is now back in favor. Big companies are actually adding thousands of agents to the payroll. These new agents are former lawyers, bankers, real-estate agents and mortgage brokers whose career aspirations and prospects have taken a dip. Insurance agents used to have an all-American persona. They were portrayed as the family hero numerous old-school television shows and movies. But this image changed over the years as the industry suffered a black eye over how some agents were perceived as selling the product, especially whole life. Whole life insurance was seen as somewhat dubious investment. A Changing Economy Many people lost their savings when the world's stocks tumbled. This actually made whole-life policies look safe and attractive again. This switch in perception left insurance companies scrambling to fill job openings with agents who are not about to pass up an opportunity to earn a descent living. Many of today's big companies, and even smaller ones, have an excellent mentoring program that helps new agents develop business. While some agents suffer through the first several years and quit, others are able to pull it together and earn a substantial living of $100,000 a year or more. Tomorrow's Agent Tomorrow's insurance agent has to take on a far more complex role that those of yester-year. They've found new ways to talk about what nobody wants to talk about...the end of life. But they convey how investing, staying active and healthy during life... can help the deceased person's family make an easier adjustment when that time comes. Today's retiree investor wants to travel, volunteer to do things, enjoy the grand children and eat-out in style. People now look forward to the retirement years, and for this, retired people need money to enjoy them. Policies for money insurance are designed to build cash value, while maintaining a death benefit that is guaranteed. As long as you maintain your policy, you can access the cash in your insurance policy. You never have to pay the cash back. It's yours. The money is not a loan, and can never be taxed as income. Insurance salespeople took a hard hit with respect to their reputations. But today's insurance policy can be provided with a guaranteed death benefit along with supplemental retirement income. This way, entire families can benefit as the result of a sound life insurance investment.

How the Affordable Care Act Affects Small Businesses

For years, the small business market for health cover has been in serious trouble. Unless the small and medium sized businesses banded together into trade associations, they did not have the buying power to get better premium rates from the insurers. As a result, they often paid as much as 20% more than large businesses for their health insurance. Worse, with smaller numbers of employees, insurers were very quick to raise premiums if one fell ill. This forced up the cost and made it difficult to fund expansion of the business. New Mexico is now a view into what could be the future for all small businesses. A new marketplace is due to open on October 1st called SHOP (Small Business Health Options Program). This will allow businesses to compare rates side-by-side. The expectation is the open competition between the insurers will force down the rates and produce a range of more affordable policies. When this is allied with the tax credits intended to set-off the costs of insuring the employees, small business should be able to expand their health coverage. For the record, business with less than 25 employees are already entitled to a credit representing 35% of their health insurance costs. Come 2014, this will rise to 50%. Put this alongside the new rules requiring insurers to spend at least 80% of the premium income on health benefits to the insured, and you have a recipe that should offer far better value to small businesses. If the insurers fail to spend the 80%, the amount unspent must be returned to the employers. When you put all this together, the effect of the Affordable Care Act has already been felt in falling premium rates and the reduction of waste and some of the fraud built into the current small business insurance market. There's also some evidence suggesting an improvement the quality of care given to people in the hospitals and clinics contracted into the networks. Given that the majority of new economic growth comes from the small business sector, it has been unfair to see the insurance industry act in a predatory way by forcing high premium rates on to start-ups and small businesses. As from October 1st, the final steps should be taken to greater transparency in setting the rates. It's also worth remembering that businesses with less than fifty employees are not obliged to buy group health insurance. The research suggests that the vast majority of businesses employing more than fifty already have adequate insurance in place. It's easier to recruit the right people and keep them motivated to do their best with a good health plan in place. Small business insurance is all about treating all the employees as if they were family. Adding together personal injury and health insurance gives everyone confidence. In this instance, the route being followed by New Mexico suggests all small business insurance problems may be eased.

Home insurance quotes: what do you actually need?

It's hard to overestimate the usefulness of home insurance in situations when your house gets damaged or destroyed. Unfortunately, such situations take place more often than you would normally imagine, so there's a very good reason to start comparing home insurance quotes right now if your house isn't insured yet. However, this usually leads to the most common questions customers have about home insurance: what actually should we get? Assuming that various package options and coverage limits will result in very different home insurance quotes, it's very important to understand what do you actually need to get with your home insurance policy and what can be left behind. In order to answer this question you will have to take note of the different aspects of your home insurance needs: Structure Naturally, the house itself is the most important factor that defines your home insurance needs to a great extent. Its overall square footage, materials used for the structure and the interior, electric and plumbing system and other aspects will determine the replacement cost of the structure in case it gets completely destroyed. The most important rule here is to go with the full replacement cost according to current construction prices. You will simply need to multiply the overall square footage of the house by the construction costs per foot depending on the materials used in your structure. This will give you a solid starting point in defining your actual insurance needs and will always be the core of the coverage. Contents While many people tend to think that the house is the most expensive thing they have, they often tend to forget that the contents of the house can be as valuable if not more expensive than the actual structure. Most home insurance policies will cover the contents of your house only if there's a detailed inventory of all the things that have to be covered. So you should certainly compile such an inventory beforehand if you want all your belongings to be reimbursed in case they are destroyed. And if there are specific valuables such as jewelry, works of art, expensive or unique equipment then you might want to get special waivers or separate insurance policies for such items. Possible perils Knowing the possible risks your house may be subjected to can seriously affect your home insurance quotes since it will be easier for you to define the actual list of perils that need to be covered. For example, if there's a very low risk of tornadoes in your area then you certainly don't need to purchase tornado coverage. And at the same time, if the area is known for wildfires or floods, you must include these perils to your home insurance quotes. Liability coverage Many people tend to overlook the liability coverage potential of home insurance until they are faced with a serious lawsuit. There are different situations in which this coverage may come in very handy. For example, if someone is making repairs in your house and gets injured due to the house's condition your home insurance policy will pay the medical expenses. Or if your guest gets bitten by your dog in your house, the medical bill will be covered by home insurance. You never know what may happen, so it's better to include liability coverage to your home insurance quotes as well.

Lowering auto insurance quotes by using discounts

Depending on your driving record, your age, the agency you choose to do business with, the amount of coverage required and the vehicle's safety features the price of auto insurance can often vary by hundreds of dollars. It's a competitive world, and you'll need all the help you can get to find the best deals. Here are a few helpful tips: Before stopping shop around. To get the best insurance premiums you should spend quality time shopping. Even if you've been doing business with the same company for years, there's always the possibility that a competitive company will make you a better offer. Or. At the very least, you can take the competitive offer back to your insurer to negotiate a better deal. Are you active military? If you're active military, or even retired, you may be able to qualify for special discounts. Insist on paying higher deductibles. If you're involved in an accident, you most likely will be asked to pay a deductible. The deductible is the amount you must pay before your insurance policy takes effect. A higher deductible payment could mean lowering your collision and comprehensive coverage costs by as much as 20-30 percent. The more you choose to pay on your deductibles, the lower your cost for coverage can be. Consider lowering or eliminating coverage of older cars. If you're driving an older car, you may want to consider that you cost of insurance could exceed the amount you receive on a claim. Check with your sate first before eliminating coverage on an older car. Auto liability requirements are likely vary from state to state. Find other discounts and take advantage of them. Are you an accident-free driver? Have you taken any recent defensive driving courses? Do you belong to any special clubs or organizations? Are you insuring both your home and car on the same policy? Does your car have special features, like anti-lock brakes, passive restraint, anti-theft devices or low mileage? If so, there could be an auto insurance quote with your name written on it. Take advantage of accident forgiveness discounts if offered. Depending on your insurance carrier, you may qualify for accident forgiveness. This allows your rates to remain the same if you have an accident after a lengthy time having gone accident free. This benefit may only apply to specific policies and insurance companies. Consider paying your premium in full. By paying your premium in full, you may be able to qualify for a considerable discount. Are you a good student? If you're a student who's doing well in school, you may be able to qualify for low auto insurance quotes. Are you 16 or older? Are you keeping your grades up? Do you rank in the top 20 percent of your class? Check, or have your parents inquire. You don't have to settle for sky-high auto insurance quotes. Shop around for the best prices.

Getting lower car insurance quotes when having several cars

It becomes more and more common to see several cars in a single household all across the US and most western countries. And this standard is being adopted by most developing countries that enjoy a growing level of standards of living. After all, having two or more cars is not a luxury but often a necessity, especially when both spouses are working full-time or there are teenagers who are of legal driving age. It seems strange but it's really so, buying several cars can often be more affordable than actually owning them, which is often associated with the cost of insurance. The constantly rising car insurance quotes can turn even a single mid-class car into a luxury that will cost several thousand dollars per year. So you see what having two or more cars is like. Anyways, there are several ways of making car insurance cheaper for multi-car households without sacrificing much. You just need to take into consideration the following measures if you want to make your car insurance quotes adequate and affordable: Multi-vehicle discount In fact it's the fastest and the simplest way to assure cheap car insurance quotes that is available with the vast majority of insurance companies. This discount applies to all car owners who have two or more cars registered at the same street address, which is the actual situation for multi-car households, and insured under a single policy. You have the right to include two or more drivers living in the same household and insure all your vehicles, which saves a lot of paperwork for the insurer and lets you get more affordable car insurance quotes. And this is always cheaper than buying several policies for each of your cars. Choose your standard provider Normally large insurance companies provide various insurance services such as home, vehicle, life, health and business insurance. So when you get several products from the same company it always results in substantial discounts. That's why if you have a home or health insurance policy with a company that also offers car insurance quotes, it is always more affordable to buy the car insurance policy from them since it will always result in lower premiums and advantageous discounts. Adding teen drivers to the policy is cheaper then buying a new one Families with teen drivers know that insurance can be really expensive for young car owners. In fact, the average car insurance quotes for drivers aged less than 25 are usually twice as expensive as for middle-age car owners. Buying a separate car for your teen driver can become quite a luxury. But you have the chance to reduce these insurance costs by including the teen to your policy given the fact that he or she is living with you. Even if it pushes your overall premium a bit higher, it's still cheaper to have the teen as a written driver in your policy than have a separate insurance policy for him or her. Compare quotes by different providers Don't forget about such a simple but effective way of saving your money. Comparison shopping can be rather effective since the competition in the insurance industry can be rather pronounced and you can find really attractive policies by simply shopping around. The more companies you can compare, the better quotes you will get. You will be surprised how effective this simple tip can be.

Make sure that your car is ready for all kinds of accidents no matter the season

Having your car insured isn't only a matter of legal framework that makes car insurance mandatory in the US. It is also a matter of common practical sense that makes this type of insurance so useful. Accidents happen on the road and you can never tell if you'll make part of the statistics. That's why having the vehicle insured is the best way to prevent serious financial turmoil, which may be triggered even by a minor parking accident. But traffic accidents aren't the only type of situations in which your car can get damaged and insurance required. A large number of insurance claims is filed due to weather-related accidents, and it is therefore very important to make sure that your car is ready for these kinds of accidents no matter the season. Of course, the first thing that comes to mind when discussing insurance and season-related accidents is the bad weather during the winter, which makes driving in many states very tricky if not impossible. In fact, winter makes accidents so likely that the average car insurance quotes tend to rise as the first winter days mark the calendar. It's quite understandable, since occasional blizzards, snow and bad weather conditions even in the warmest parts of the country increase the risk of collision on the road. In order to get ready for this particular season you have to make sure that your policy carries enough third party liability and comprehensive coverage. Roadside assistance coverage may also be very useful in areas where winter snowfall is common. So make sure to get respective car insurance quotes and review your policy well in advance. Spring may seem like a happy break from the winter but it can be very tricky. Needless to say that the occasional tornadoes, which start taking place around April and May, can result in devastating insurance losses, so you have to be prepared. But even if you're not from the Tornado Alley spring can bring a lot of bad weather in the form of thunderstorms, rain and rapidly changing weather. That's why having comprehensive coverage in check is a good idea when getting ready for the spring. And if you happen to live in an area with high probability of flood or tornado, get respective coverage, which is often available in the form of waivers. Car insurance quotes may sometimes be lower during the summer, because it's a relatively calm season in terms of driving conditions. Sure, there can be occasional thunderstorms and other acts of nature in different parts of the country. But in general driving during the summer is usually very smooth, especially if your car has an air conditioner. Still, don't let your guard down and pay attention to the traffic as the large number of vacation-goers and travelers can increase the risk of simple traffic accidents. That's why having collision and third party liability coverage in check is important when getting car insurance quotes for the summer season. In the autumn things can get a little bit messy on the road, especially in the northern states. Long rains and occasional morning frosts can be very dangerous, especially if you've gotten used to driving the hot and dry summer roads in the south. That's why it is recommended to include comprehensive and roadside assistance coverage when comparing car insurance quotes during autumn as these options can come in very handy.

Cheap home insurance when you live away at college and renting

Living on campus, and attending college is different now. Not everyone goes to college straight from high school. A lot of students are older and have lived away from home for a bit. If that's the case then your parent's home insurance may not cover your possessions anymore. Insurance is all about paying a small price today to cover the possible catastrophe of a tomorrow; it's all about risk. Most colleges now require students living in the dorms and in the college owned housing to cover their own liability insurance, as well as their own personal property insurance. While universities and colleges have insurance, it covers only the interest of the college. The college's liability insurance only pays when the college is negligent or liable, not for a student that sets your dorm room or apartment on fire at a party gone out of control. Because the risks are high that individuals released from the bounds of home make bad choices when left to their own, colleges often require a certificate of insurance before you can get into your room. Many insurance companies offer student apartment home insurance policies. Most are a limited type of renter's insurance while others are just property coverage. Property policies typically cover electronics like laptops, cell phones, MP3 players, books, clothes, musical instruments and more. If you are an art student, you can list your expensive non-expendable tools like cameras and photographic equipment. Most policies want you to itemize your possessions and their value. This helps you construct a policy that fits your budget. Policies typically cover your possessions from vandalism, accidental damage, theft, electrical or water damage, fire and water damage. Coverage goes beyond your dorm /apartment but also protects you on, off campus, or at home. You should be aware that property coverage might not be enough for a particular university or college. Many require students to carry liability to cover their behavior. Students who play for the school athletic teams are often made aware that they can be sued individually for their actions on the field of play and the college bears no responsibility. Many schools suggest a minimum of $12,000 coverage per student per year. When you are asking about home insurance quotes, ask if they have a student renters policy that bundles the liability with the property. You should be able to compare quotes and options to find an affordable policy.