About Annual Travel Insurance

Logic Insurance, About Annual Travel Insurance  - Holidays used be a luxury: generations ago, the idea of crossing nations was intimidating for its expense and difficulty, while the concept of crossing oceans was only possible for the lucky few. Nowadays, packing iour bags for a trip is almost an expectation for many middle-class families, and the travel industry is booming.

About Annual Travel Insurance 

The need for travel insurance has grown as well and, while many travel now and then, there some families and individuals who can afford regular trips. If this is the case for you and your family, you need to consider how to make annual travel insurance work for you.

Choose the Right Travel Insurance Provider

The first step is probably the most obvious. Choosing the provider of your policy comes with its own set of expectations, including reliability, efficiency, and, of course, value for money. But picking an annual travel insurance policy from the plethora of companies flooding an already bursting market can seem daunting. 

The key is to focus on the quality of a provider's guarantees, matched with the openness and simplicity of their plans. Solid, small and reliable firms are usually backed up by larger insurers, and offer plans which, while simple to quote and easy to book online, always come with a clear explanation of exactly what you can expect if you plan your regular trips. Choose wisely, and whether you're heading off to Spain on short weekend trips or have a few conventions to cover in Ireland over the summer, you know you have a policy you can trust.

Choose the Right Travel Plan

Even the smallest providers will offer a range of plans. It's not always a simple matter of narrowing down a number of annual travel insurance plans offered by a few companies and going with your gut instinct. The intelligent way to make your plan work for you is to ensure you only pay for what you need. Year-round cover varies, and whether you are a businessperson, family, couple, or individual will, along with other factors, affect the efficacy and cost-efficiency of your plan. Checking the fine print will save you from paying for things you might never need.

Choose the Right Extras

The nature of annual travel insurance means that it's is based on the rather pessimistic premise of portentous injury, accidents or loss of valuables. But even if the best-case scenario occurs and you never need to make a claim, a policy can be made attractive with some potential extras. Free cover for children, cover for cruises or golf equipment, 24 hour emergency contacts and other perks can make your plan work for you all the harder even harder - and save you money!

About author

Patrick Chong is the Managing Director of Insuremore. We provide low cost travel insurance and offer a range of policies including annual travel insurance, single-trip, multi-trip and family insurance. For all your travel cover needs, Insuremore can help you in the quickest and most cost-efficient way.

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Just How Insurance Coverage is Structured

Logic Insurance, Just How Insurance Coverage is Structured - You love your pet, but if it were to have seriously ill or wounded, you probably haven't saved the money to pay for its care. Sure, an emergency fund to repay pet expenses sounds like a good idea. 

But if you’re truthful, paying a pet insurance premium is more prone to happen than promising yourself you’ll save in a pet emergency fund. And you also do need an emergency fund of some type.

Don’t Sign Up Insurane until Knowing All of the Facts

Comparing it for your own health coverage isn't that enlightening. Pet insurance functions similar to property insurance. Paying more for human health care insurance generally gets you decrease deductibles and higher percentages of the healthcare bills covered. Using pet insurance, paying more also gets lower deductibles – although what you're buying also is coverage for a wider range of illnesses and problems. Let’s have a look at what pet insurance may and doesn’t cover.

Deductibles. Puppy insurance often has numerous deductibles – one allowable per incident and a good annual deductible. In your research, annual deductibles ranged coming from $100 to $250 each year. The higher your deductibles, the low the payment so look for a deductible you can pleasantly afford.

Tiers of Coverage. Pet insurers structure their own coverage in tiers; the more expensive you go, the more varieties of problems are included throughout coverage. Think about your pet's our health and wellbeing and also whether its breed is be subject to characteristic medical issues that could suggest you should purchase on the list of higher tiers. Let’s examine two popular insurers.

Professional Pet Insurance

Better generally known as VPI, has three divisions of pet insurance. The Injury Plan covers incidents, but not illnesses. Your Medical Plan, as VPI phone calls it, covers basic insurance policy coverage for accidents and illnesses, including cancer. Its Major Medical insurance policy coverage has higher benefit allowances as well as covers limited hereditary conditions as soon as the first year.

All plans because of this company cover accidents, x-rays, operations and hospitalizations, but vary on how they cover other charges. Only the major medical plan covers hereditary conditions, for example.

ASPCA dog insurance has three strategies. 

Level 1 is the company’s basic plan: It covers injuries, including cracked bones; swallowed objects; chunk wounds and related analysis procedures. Level 2 brings certain illnesses, and Level 3 adds coverage for a lot of hereditary and congenital ailments, some alternative therapies as well as behavioral issues.

Other firms have similar multi-tiered strategies. All companies we reviewed allowed the actual to pick their veterinarian providing the practitioner seemed to be licensed. Most plans came with some amount of preventative care coverage or supplied a rider that integrated it.

Cost. Co-pays ranged coming from none to 30%, and monthly premiums ended up between $59 and $168 for the medium-sized dog living throughout California. Obviously, prices vary according to age, breed, where your pet lives and other qualifiers.

The Manual

Before signing up pertaining to pet insurance, consider the costs closely. According to a report by Consumer Reports, pet insurance didn’t purchase itself for most pet owners.

And pay careful care about the terms of the policies. Pet insurance policies possess waiting periods before certain aspects of the plan go into effect. Waiting periods of 24 hours for accident insurance, 2 weeks for illness coverage or higher to one year for many conditions, such as stylish dysplasia, are common.

Also read carefully the principles for pre-existing conditions. Procedures limit or provide no coverage for pre-existing ailments. If your animal coughs, as an example, some companies may attempt to limit coverage on any condition that has a cough as one of its symptoms. 

Ask the insurer to clarify how it defines pre-existing conditions – and be sure the language in your policy supports that which you the representative told a person. Read it over very carefully and call the representative before joining if there's a difference.

Insurance companies exist to make income. Your rates may alter; the insurer may deliver notices of changes for your policy coverage without providing it to you in plain English, and yes it may resist paying states, especially if they usually are for high dollar volumes. Call the customer service number and enquire questions when you get something you never understand or a ruling that you just dispute. (Tim Parker)

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Understanding Homeowners Insurance Policy

Logic Insurance, Understanding Homeowners Insurance Policy - Homeowners insurance is a policy that protects homeowners from financial liability resulting from damage caused to or on their property. There are several types of insurance policies with different options that protect owners from risk.

HOmeowner Insurance policies cover many risks such as: (1) lightning, (2) theft, (3) vandalism, and (4) falling objects in storms. Other potential issues such as: (1) explosions, (2) civil unrest, (3) falling objects, (3) vehicles, (4) smoke damage, (5) weight of ice snow or sleet, (6) freezing, (7) heating and air-conditioning (8) fire protection systems, (9) appliances, (10) fences, and (11) other dwellings, may be covered under your insurance policy. 

Understanding Homeowners Insurance Policy

Standard insurance policies also cover damage from snow and damage to electrical and plumbing systems. Most insurance policies provide a $100,000 per person /$300,000 total per incident liability coverage. There are some surprising items covered under a standard homeowners insurance policy which include other household members' property, such as a children(s) property. For instance, if you have a child in college who lives on campus their personal possessions would be covered under their parent(s)' insurance policy.

There are three different levels of homeowners insurance that can be purchased. The different levels of insurance include: (1) on actual cash value, (2) replacement costs, and (3) guaranteed replacement costs. The actual cash value coverage provides owners with payments to replace homes or covered belongings at their current depreciated value. 

Whereas, replacement coverage pays for the cost of fixing or replacing possessions, and guaranteed replacement coverage pays for the complete rebuilding of the house (no matter the cost). There is also extended coverage which pays for up to a percentage of the policies covered limit.

The benefits of purchasing homeowners insurance include transferring financial risk from the homeowner to the insurance company. Homeowners insurance will also pay the medical expenses of third parties who are injured on your property. 

Homeowners insurance can be expensive, but there are ways to reduce the cost. The first and easiest way to reduce your annual expense is to increase your deductible; you can also reduce the annual cost of your insurance by installing a security system. It should also be noted that non-smokers on average pay less for homeowners insurance than smokers.

There are many things that standard insurance policies do not cover; these include damage caused by floods, earthquakes, and hurricanes. Although, these uncovered risks could be covered under a different insurance policy. Also, it is highly suggested for homeowners to add sewer backup as a protection endorsement. 

This endorsement is relatively inexpensive and would cover sewer backup into a home which would cover damage to floors, walls, furniture, and electrical systems. In addition to homeowners insurance covering your dwelling, it also covers other buildings on the property, landscaping, damage or loss to your personal property, and belongings. 

Your policy should also cover any temporary living expenses you may have if you or your home is damaged, in addition to covering anyone else injured on your property. It is always a good idea to thoroughly review the insurance coverage's prior to accepting a policy. If you have questions, ask you agent for guidance. (Michael Zuren PhD.)

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Understanding Pet Prescription Drug Cards

Logic Insurance, Understanding Pet Prescription Drug Cards - The pet discount drug card is a card that allows you to access drugs for your pet at lower prices. According to various research studies, the card saves you an average of 55% on generics and 15% on brand-name drugs at over 80% of pharmacies around the world.

The good side is that the card is usually free of charge. To get it all you need to do is to visit your favorite issuing company and register yourself. Once you are registered you will be given the card and you can use it at any of your favorite pharmacies.

Understanding Pet Prescription Drug Cards

Once you have gotten the card you don't have to worry about expiry. This is because it does not expire.

The other advantage is that there are no deductibles. When you use the card, the only price deducted is the price of drugs; no transaction fees are charged. Other benefits of the card include: no claim forms, no limitation on usage, and no pre-existing condition limitations.

You can use the card in two ways: as a stand-alone program or in conjunction with a pet insurance program.

When you use the card as a stand-alone, you will only get discounts when buying the medications; however, if you decide to use the card in conjunction with the insurance program, the insurance company will take care of your vet bills while the card will help you in offsetting the cost of drugs.

Who should have this card?

This card is ideal for anyone who has pets that are in need of medication. The pets can be dogs, birds, snakes, horses, cats, and any other animals that you might be having.

To get the drugs at discounted prices you only need to use a pharmacy locator in order to find the closest participating pharmacies in your area. Once you have found a participating pharmacy, you will need to present the card to the pharmacy and you will get pet medications at low prices.

The good side with the card is that it covers a wide range of medications. The medications covered include: antibiotics, blood pressure, Anxiety, Diabetes, and any other medications prescribed and compounded for farm animals.

You should be very careful when getting the card. This is because there are some issuing companies that can rip you off after paying the premium. To ensure that the issuing company is reputable, you should research it before parting with your money. (Duncan Lancer)

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The Right Pet Health Insurance Your Pet

Logic Insurance, The Right Pet Health Insurance Your Pet - I just got back from a visit to the veterinarian to have my three dogs get their scheduled booster shots and tests. I saw a sign at the vet for a Senior Pet's Wellness Insurance Plan which would cover a check-up along with necessary tests and some preventative care. 

I did not think I needed this insurance but it got me thinking about ways I could possibly have saved money on my vet bills. It has not been an affordability issue, but with all the talk about health insurance it got me thinking about care for my pets as they get older and may face possible future health problems.

The Right Pet Health Insurance Your Pet

Taking care of your pet's health is a responsibility just like taking care of your own health. Just like with you, you can choose a health insurance plan for your pet. There are so many good pet health care companies to choose from. 

You may want to consider a company that offers a wellness insurance plan that would help with some of the costs associated with keeping your pet healthy through regular wellness check-ups. These plans may be a good choice if you visit your veterinarian on a regular basis and have your pet on a maintenance schedule.

Then there is the unforeseen situation where your pet may have had an accident or a major health issue which will result in your facing a large veterinarian bill. You can certainly pay these vet bills the normal way with your credit card or even taking out a loan. In this case the calamity health insurance would be most beneficial. You can look at pet insurance kind of like auto insurance - it is there if you need it but it probably won't cover all the costs if anything should happen to your pet.

The best thing to do is to talk with your veterinarian about the pet health insurance companies out there and the ones your vet would recommend. You should also research these companies to see what they offer and how they differ. 

It is difficult to face a decision of whether or not to have procedures done for your pet if it comes down to cost. Sometimes your vet will lower costs in the event of a serious illness, but this should not be expected. Pet Health Insurance is there if you need it, and it could possibly save your pet's life.

After leaving the corporate world I started an internet business selling pet beds. I picked this product line because of my life-long interest in pets, especially dogs. Check out my business at (Janet K Hosler)

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How Home Warranty Plans Protect From Loss

Logic Insurance, How Home Warranty Plans Protect From Loss - The process of buying a home involves a lot of decision making. One choice many homebuyers make is to buy coverage to protect them from loss in connection with their purchase. 

A home warranty plan is an insurance policy that protects buyers from expenses incurred after the transaction is finalized. Before making any final decisions, analyze and review several different home warranty plans to ensure that you choose one with coverage that fits your needs and budget.

Home Warranty Plans Protect From Loss

Analyze Protection

Explore the policies available to you. Some companies offer coverage that involves a flat fee every time a company representative or repairperson comes to your house. Other companies may offer more expensive policies with reduced flat fees for service. It is a matter of preference, whether you'd rather pay more initially with lower service fees, or whether you prefer a lower policy price with higher service fees.

Take some time to list the potential items that you want covered by the policy. This might include your furnace, water heater, water softener, air conditioner, refrigerator, stove, dishwasher, washing machine, and dryer. Some home warranty plans can be customizable, depending on your needs. 

Check into coverage that includes your plumbing system, electrical system, garbage disposal, and central vacuum unit. It may also be possible to add a pool, a well pump, and septic plumbing to your policy.

Review Companies

Once you know what you need and what you can afford, it's time to contact a few companies to see what types of home warranty plans they offer. Review each plan offered by each company to determine which one fits your needs and budget the best. 

Check into any companies you are considering; read reviews and explore how companies responded to claims in the past. Make sure that no complaints exist against a company you are considering. Request a copy of each policy to enable you to review each one in detail. 

Read the policies completely, including all the fine print, to ensure that you know what each policy covers. If you find a gap in coverage, note this to determine whether it's a risk you are willing to take.

After performing your due diligence by analyzing your needs and researching the insurance companies, you will be in a prime position to choose between various home warranty plans. Choose the insurance policy that fits your needs, and then you will be confident knowing that you have coverage to protect you from financial loss in connection with equipment malfunction in your new house. (Andrew Stratton)

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How Pet Insurance Works

Logic Insurance, How Pet Insurance Works - It is midnight and you are at the pet emergency hospital with your dog. It turns out he did break his back leg and it requires orthopedic surgery. 

The surgery will cost $2,500 with hundreds of dollars in after care and physical therapy. Sound familiar or scary? That is why the pet insurance business is one of the fastest growing pet related industries.

How Pet Insurance Works

Pet insurance companies are not charity groups that seek to help you out in times of financial need. They are profitable businesses. The reason they are profitable is that they know the risk of a payout to pet owners is less than the money that they receive in total monthly premiums. They also know that the odds of your pet needing extensive care when they are young is so low that you will have paid more than enough in monthly premiums by the time they need to payout in the pet's later years. Why not take advantage of the same facts? Be your own insurance company and retain any unspent money.

Pet Savings Accounts

Quality pet insurance policies range from $35-75 per month depending on coverage and deductibles. Why not put that same amount in a savings account for your pet(s)? In one year the account would be worth $420-900. According to the American Veterinary Medical Association pet ownership statistics, the average household spends only $378 annually for dogs and $191 annually for cats in veterinary care. Your account would easily cover these expenses.

Over the life of your dog, the account would grow to ensure care in the pet's later years. If you considered yearly exams and vaccines as "a deductible" and paid them out of pocket instead of the account, especially during the early, healthy years of your pet, the account would even be larger in the later years.

Another way to protect your pet savings account in the early years is to consider the addition of a "catastrophic" pet insurance policy. These are less expensive than major policies and protect against a serious injury or disease. Eventually the policy can be dropped as the saving account grows.

Analysis of pet insurance policies in Consumer Reports agrees that self-insured pet plans are superior. The odds are in your favor that your pet savings account will have money left after your pet is deceased. You retain the money that would have been spent as monthly premiums and profits for the insurance companies. Feeding a quality diet and maximizing your pet's health will also minimize veterinary bills and increase the value of your pet savings account. (Dr. Ken Tudor)

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The Main Goal of Insurance

Logic Insurance, The Main Goal of Insurance? - According to Wikipedia, insurance is: "Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, and can be thought of as a guaranteed small loss to prevent a large, possibly devastating loss"

Why Do You Need Insurance? 

Insurance can be Personal or Business one, but the main goal of insurance is to insure you or your business against a possible loss. Term insurance can be described as: A small loss that prevents a large, possibly devastating loss.

Insurance protects you against financial loss in a future if you have an accident. Insurance is a contract between you - a policyholder (person or entity buying the insurance), and the insurance company. Policyholder's payments are called premium.

At Free Insurance Quotes Site we have some great offers that you don't want to miss! Feel free to fill out the form and do the insurance quote. Most important - it's free of charge and you can save up to $550 for year or more!

There are a lot of types of insurance, but let's stick with the main ones:

Auto Insurance, auto insurance also known as vehicle insurance, car insurance, motor insurance. It is purchased for cars, trucks, motorcycles and other vehicles. The primary use of auto insurance is to provide protection against losses incurred as a result traffic accidents.

There were more than 180 million automobiles in USA in 2006. About 175 million were covered by auto insurance companies. It's the largest auto insurance market in the world. There are more than 35 million automobiles in Russia. About 34 million are insured as well. China - 10 million insured automobiles.

Auto insurance provides:

• Property coverage - it pays for thief or damage of your car
• Medical coverage - it pays for your responsibility to others for bodily injury or property damage
• Liability coverage - it pays for the cost of treating injuries, lost wages or even funeral costs.

Insurance premium varies for males and females, teenagers and adults. According to the statistics males drive more miles than females and consequently have a proportionally higher accident involvement at all ages. Teenagers who have no driving record will have higher car insurance premiums as well.

Owners of sport cars, motorcycles would have higher insurance premiums as opposed to compact cars, midsized cars and electric cars.

Your auto insurance policy is a contract, most polices are issued from six months to one year period. In USA, Russia, Brazil, Japan auto insurance company should notify you by mail, phone or any other method to renew your policy.

Home Insurance

As auto insurance, home insurance provides compensation or insure you against damage of a home from disasters. Sometimes it's called hazard insurance or homeowners insurance as well. In the real estate industry it is abbreviated as HOI.

This is the type of insurance that covers private homes. It can include:

• Losses occurring to one's home 
• Loss of home use 
• Home contents 
• Loss of other personal possessions of the homeowner

In some geographical areas, it is necessary to buy additional insurance plan for certain types of disasters, for example: flood insurance, earthquakes, war

They excluded from original policy plan and require additional coverage. Home insurance policy is a lengthy contract. It names what will and what will not be paid in the case of various events. It can be seasonal or long term.

Home insurance company should notify you by mail, phone or any other method to renew your policy.

Health Insurance

Health insurance is the type of insurance that pays for medical expenses. It also known as: health coverage, health care coverage, health benefits

Policy can be purchased by individual or company on group basis to cover its employees. Health insurance policy is a lengthy contract. Policyholders should pay premiums to help protect themselves from unexpected healthcare expenses. Insurance contract can be renewable annually or monthly.

In 2006, there were 16% of Americans (47 million people) who were without health insurance. Average spending is higher in the individual market. Many medical expense plans include coverage for dental expenses. Stand-alone dental insurance is also available.

Health care system is mainly in private hands in USA. Hospitals and doctors generally funded by payments from patients and insurance.

Hospitals provide some outpatient care in their emergency rooms and specialty clinics, but primarily exist to provide inpatient care.

In 2008 a report by the Commonwealth Fund ranked the USA last in the quality of health care among the 19 compared countries. According to the Institute of Medicine of the National Academy of Sciences, the United States is the "only wealthy, industrialized nation that does not ensure that all citizens have coverage".

Life Insurance

Life insurance is also known as life assurance. Insurer (or Life Insurance Company) agrees to pay sum of money upon the occurrence of the policyholder's death, illness, critical illness, terminal illness or other event. Policyholder pays a fee at regular intervals or in lump sums. This fee is called a premium.

It's life insurance coverage for a specified term of time for a specified fee (premium). Usually premium buys protection in the event of death and nothing else.

Type of insurance that remains in force until the policy matures (in other words pays out), unless the policyholder fails to pay the specified fee when due.

As with most insurance policies, life insurance is a contract between the insurer and the policyholder whereby a benefit is paid to the designated beneficiaries if an insured event occurs which is covered by the policy.

Insured events that may be covered include:

• Protection policies
• Investment policies
• Illness

Each contract may include limitations of the insured events. Usually they a written to limit the liability of the policyholder: for example claims relating to war, suicide or fraud. Any misrepresentations by the insured on the application will cause the nullification of the contract.

Upon the insured's death or illness the insurance company requires acceptable proof before it pays the claim. For example list of necessary documents that required upon the policyholder's death:

Death certificate, Completed, signed and notarized claim form. If insured's death looks suspicious, it can be investigated by insurance company before deciding whether it has an obligation to pay the claim. Proceeds from the policy may be paid as a lump sum or as an annuity. Alex B. Moore

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Life Insurance or Death Insurance?

Logic Insurance, Life Insurance or Death Insurance? - Life Insurance is an insurance product that pays at the death of the insured. It really should be called "Death Insurance," but people don't like that name. But it insures the death of an individual. Actually, what is insured is the economic loss that would occur at the death of the person insured.

Life Insurance or Death Insurance?

Those economic losses take a lot of different forms, such as:

• the income stream of either "breadwinner" in a family
• the loss of services to the family of a stay-at-home-mom
• the final expenses at the death of a child
• final expenses of an individual after an illness and medical treatment
• "Keyman" coverage, which insures the owner or valuable employee of a business against the economic loss the business would suffer at their death
• estate planning insurance, where a person is insured to pay estate taxes at death
• "Buy and Sell Agreements," in which life insurance is purchased to fund a business transaction at the untimely death of parties in the transaction
• Accidental death insurance, in which a person buys a policy that pays in case they die due to an accident
• Mortgage life insurance, in which the borrower buys a policy that pays off the mortgage at death - and many more.

Life insurance has been around for hundreds of years, and in some cases, has become a much better product. The insurance companies have been able to develop mortality tables, which are studies of statistical patterns of human death over time...usually over a lifetime of 100 years. 

These mortality tables are surprisingly accurate, and allow the insurance companies to closely predict how many people of any given age will die each year. From these tables and other information, the insurance companies derive the cost of the insurance policy.

The cost is customarily expressed in an annual cost per thousand of coverage. For example, if you wanted to buy $10,000 of coverage, and the cost per thousand was $10.00, your annual premium would be $100.00.

Modern medicine and better nutrition has increased the life expectancy of most people. Increased life expectancy has facilitated a sharp decrease in life insurance premiums. In many cases, the cost of insurance is only pennies per thousand.

There is really only one type of life insurance, and that is Term Insurance. That means that a person is insured for a certain period of time, or a term. All of the other life insurance products have term insurance as their main ingredient. There is no other ingredient they can use. However, the insurance companies have invented many, many other life products that tend to obscure the reasons for life insurance. They also vastly enrich the insurance companies.

Term Insurance

The most basic life insurance is an annual renewable term policy. Each year, the premium is a little higher as a person ages. The insurance companies designed a level premium policy, which stopped the annual premium increases for policyholders. The insurers basically added up all the premiums from age 0 to age 100 and then divided by 100. That means that in the early years of the policy, the policyholder pays in more money that it takes to fund the pure insurance cost, and then in later years the premium is less than the pure insurance cost.

The same level term product can be designed for terms of any length, like 5, 10, 20, 25 or 30 year terms. The method of premium averaging is much the same in each case.

But this new product caused some problems. Insurers know that the vast majority of policyholders do not keep a policy for life. Consequently the level term policyholders were paying future premiums and then cancelling their policies. The insurance companies were delighted because they got to keep the money. But over time, they developed the concept of Cash Value.

Cash Value Insurance

With Cash Value insurance, a portion of the unused premium you spend is credited to an account tied to your policy. The money is not yours...it belongs entirely to the insurance company. If you cancel your policy and request a refund, they will refund that money to you. Otherwise, you have other choices:

• Use the cash value to buy more insurance
• Use the cash value to pay existing premiums
• You may borrow the money at interest
• If you die, the insurance company keeps the cash value and only pays the face amount of the insurance policy.

So, does this cash value product make sense? My response is "NO!" Cash Value Life Insurance comes in lots of other names, such as:

• Whole Life
• Universal Life
• Variable Life
• Interest Sensitive Life
• Non-Participating Life (no dividends)
• Participating Life (pays dividends)

Many life insurance agents and companies tout their products as an investment product. But cash value insurance is not an investment. Investment dollars and insurance premiums should never be combined into one product. And investment dollars should NEVER be invested with an insurance company. They are middle men. They will take your investment and invest it themselves, and keep the difference.

Think about the methods that agents use to sell life insurance, and compare them to any other type of insurance. What you'll see is that life insurance sales tactics and techniques are ridiculous when compared to other insurance products.

Would you ever consider buying a car insurance policy, or homeowners policy, or business insurance policy in which you paid extra premium that the insurance company kept, or made you borrow from them? But, curiously, life insurance agents have been wildly successful convincing otherwise intelligent people that cash value life insurance is a good product to buy.

Care to guess why insurance agents have aggressively sold cash value insurance and eschewed term insurance?

Commissions

The insurance companies have become vastly wealthy on cash value insurance. So, to encourage sales, they pay huge commissions. Term insurance commissions can range from 10% to 50%, sometimes even 100%. But cash value insurance commissions can be up to 100% of the first year's premium, and handsome renewal commissions for years after.

But it's not just the commission rate that matters. It's also the premium rates that come into play. Term insurance is FAR CHEAPER than cash value insurance. Here's an example of a 30 year old male, non-smoker, buying $100,000 of coverage:

• Term insurance costs $0.50 per thousand for a premium of $50.00. At 100% commission, the commission would be $50.00.
• Cash Value insurance costs $12.50 per thousand for a premium of $1,250.00. At 100% commission, the commission would be $1,250.00.

So you see that it would be easy for an agent to place his own financial well-being ahead of the well-being of his client. He would have to sell 25 term policies to make the same commission as only one cash value policy.

But, in my opinion, that agent would have violated his fiduciary duty to the client, which is the duty to place the client's needs above his own. The agent would also have to set aside his conscience. My opinion is that life insurance agents operate from one of three positions:

• Ignorance - they simply don't know how cash value insurance works.
• Greed - they know exactly how cash value insurance works and sell it anyway.
• Knowledge and Duty - they sell term insurance.

Which agent do you want to do business with? How do I know this stuff? Because I sold cash value life insurance early in my career.

When I started as an insurance agent in 1973 I knew absolutely nothing about how life insurance worked. The insurance company taught me to sell whole life insurance, and to discourage clients from term insurance. But, after some time of reading and research, I learned that cash value insurance is a bad deal. I began to sell only term insurance. I refused to set aside my conscience. I also went back to some early clients and switched their policies from cash value to term.

The insurance company fired me for that decision. I found a new insurance company that only sold term insurance and also paid high commissions. I made a good living selling term insurance, so I know it can be done.

So, as you shop for life insurance, please accept the advice of an old agent. Never, never, ever buy cash value life insurance. Buy term insurance.

Now, I'd like to offer you two special reports at no cost. One is "5 Things To Do When Shopping For Car Insurance," and the other is "5 Things To Avoid When Shopping For Car Insurance." Each one is a $9.95 value, but free to you when you sign up for my newsletter at the website address below. (Russell Longcore)

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Tips for Using Dental Insurance

Logic Insurance, Tips for Using Dental Insurance - When discussing dental insurance benefits, the cliche phrase "use it or lose it" truly applies. Most dental insurances allow so many dollars per calendar year, and any dollars that are not utilized are lost. 

Additionally, the same philosophy applies to Flexible Spending or Health Saving Accounts, which force you to forfeit any left over money that you have paid for. Therefore, it is in your best interest to use these benefits each year before they expire and your money is lost.

Now that the end of the year is quickly approaching and there are only a few short months left to maximize your dental insurance benefits, I thought some tips to help educate patients would be valuable.

How to Choose Best Dental Insurance

Before scheduling a dental appointment, call your insurance provider to find out the exact amount of your unspent dental benefits. Additionally, ask them what is covered with your policy. Typically, preventative procedures like cleanings, x-rays, and dental exams are covered, while cosmetic procedures, like whitening and veneers, are not. Although, most dentists have staff members who check this for you, it is always nice walking into the office knowing what your out-of-pocket expenses may be.

When calling your dentist's office, be sure to not only schedule for yourself but also for eligible family members. However, don't forget that many dental offices may be seeing an influx of patients at this time, and the sooner you call, the more likely your dentist will be able to schedule your families' appointments.

Sometimes it is possible and beneficial to complete dental treatment in phases. This works nicely at the end of the year and the beginning of the next year. Depending on your individual needs, careful planning to maximize your benefits remaining for 2013, while completing the remainder of your treatment in early 2014 can provide you with more reimbursement than waiting to do it all the treatment next year. But, it is important to keep in mind that when insurance renews, there may be coverage changes, which includes changes in procedures covered and co=pays.

Saving money shouldn't be your only motivation when visiting the dentist. Routine dental visits can detect early problems like gum disease and oral cancers. In addition it is important to remember that even a small cavity left untreated can become a bigger, more expensive dental problem in the future. Be sure to use your dental insurance benefits before you lose them! (Jon Frankel)

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Right Choice in Home Warranty Companies

Logic Insurance, Right Choice in Home Warranty Companies - If you're looking to safeguard your house systems (like your air conditioner or heater) or major appliances (like your washing machine), then you're probably looking at a few home warranty companies to find the best choice for you and your dwelling. 

How to Make the Right Choice in Home Warranty Companies

There are so many of these on the market that you may also be feeling unsure about which you should choose. Use these tips to find the right insurance coverage for you.

1. Make sure the company you choose is licensed by the state your house is in. What's more, you can check with the agency that issues the license to find out whether or not there have ever been any complaints registered against the company, and, if there were, what they were for. You can use this strategy to compare the providers you're thinking about using.
2. While home warranty companies don't offer policies that are the same as your insurance, you can think of the coverage as similar to your health insurance, or HMO. Usually, you will have to pay a flat fee, like a copay at the doctor's office, for each visit a repair technician makes. Depending on your needs, you can usually pay a little more up front when you purchase the policy to reduce these visit fees, or you can pay a little more per visit, shrinking your upfront payment. Find a policy that warrants what you need it to at a price you can live with.
3. Make sure your read the fine print. You'll want to compare the coverage between home warranty companies to ensure that the appliances and systems that you need covered are included in your policy. Check to see that it includes your refrigerator, washing machine and dryer, HVAC system, dishwasher, and any other big-ticket item that you may not be able to replace out of pocket. Read over the fine print for caps on the amount of service you're entitled to, and look for any exclusions so you don't accidentally compromise (and in the process void) your coverage.
4. Ask how they handle claims. Find out what the average wait time is to have an item repaired or replaced. Usually, the provider will find the technician themselves to come out to your house. If this is something you don't like, you should speak with the sales representative to find out the procedure for finding your technician.
5. Make sure it's transferable. This contract can add value to a dwelling's potential selling price, and it's a great incentive for buyers to choose you over other similar places on the market. It gives them peace of mind in knowing that even if there is a system failure, they won't get buried under unexpected expenses.

Use these tips to help you choose between several home warranty companies. Thinking about how important your systems and major appliances are to the function and comfort of your house will tell you how important it is to select the right one for you. (Aalyah Arthur)

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Grow Insurance Agency More Profitably and Quickly (Part 1)

Logic Insurance, Grow Insurance Agency More Profitably and Quickly - Time is money. If you are a preferred personal lines insurance agency, you understand that concept very well. So then why have you or your staff become professional "quoters?" Here is how to pre-qualify your prospects to help you grow your agency more profitably and quickly.

Grow Insurance Agency More Profitably and Quickly

Stop quoting just anyone who wants a quote. Does your advertising say, "Call for a free quote?" Does anyone "charge" to do a quote? What you're really saying is that the only value you and your agency bring to the table is checking to see if you have a cheaper price. Change your advertising.

Do fewer quotes-get a higher "close" ratio. What's your agencies "close" ratio? You won't want to know this unless you're concerned about how much time you and your staff is wasting. Out of 100 quotes done, if you're closing 40% or 40, maybe you're thinking that's pretty good! You don't get paid to quote, so maybe you shouldn't be willing to quote everyone who calls. But what if you closed 80%? You would have had more time to spend properly analyzing the risk and educating the right prospects rather than wasting time doing quotes for prospects you should not want to have as clients.

Other professionals pre-qualify prospects. Attorneys, Doctors and CPA's for example don't do business with just anybody. The last attorney I dealt with was only willing to talk to me because a friend of his had referred me. Doctors qualify you by the insurance you carry or your ailment. CPA's qualify you based on your "net worth." As an "Insurance Professional", why do you take "all comers?"

So- who should you disqualify?

The prospect wants to write one policy. Agents tend to think that the first policy will get their "foot in the door." You "plan" to write the other policies later. Writing one policy is not in your or your clients' best interest. If you only write one policy for a client, the likelihood that you will keep that policy for more than six months or a year is very small. Commission is coming down. The cost of client acquisition is going up. You will not make a profit on that one policy. It's costing you money to do business that way. One client has 3-5 personal insurance policies on average. You need to be writing at least 3 to keep that client for multiple years to grow your business. With all the account discounts available from carriers and the potential for coverage gaps, why would a prospect not want to place all of their business with you right away if they understand this?

There is additional information on pre-qualifying prospects in my next article. Hope you will consider changing how you do business to improve your business.

About writer:

Sharon L. Graeter, CPCU is Co-Founder and Director of Development of West Connect Insurance Solutions. She has 30+ years in the Insurance Industry and is a contract expert. The agency provides an infrastructure for captive agents that would like to transition to becoming independent. For more information please contact them at http://www.westconnectalliance.com

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5 Important Questions About Home Warranty Services

Logic Insurance, 5 Important Questions About Home Warranty Services - If you are a homeowner, you may need home warranty services. Various home warranty companies provide service contracts that can help you pay for appliance repair or replacement. There are many things you should know before you sign your agreement.

5 Important Questions About Home Warranty Services

What Do Home Warranty Services Protect?

Most standard policies cover repair costs of your HVAC system, plumbing, electrical wiring, garage doors, kitchen appliances, water heaters, and other major components of your home. If you have an in-ground swimming pool or sauna, you can purchase add-on coverage for the maintenance of these items. You can also buy additional coverage for a well pump or duplicate appliances.

What Is Not Covered?

Typically, pre-existing conditions are not protected by home warranty services. Neither are items still under a manufacturer's guarantee, repairs due to homeowner negligence, or problems caused by mold. In addition, repairs resulting from natural causes, such as storm damage, are not covered through this type of warranty. In general, these warranties are not meant to serve as additional homeowners insurance. Instead, they serve as a way to help with general wear and tear on your home, within the scope of the policy.

What Is A "Pre-Existing Condition?"

When the home is inspected before the purchase of the agreement, certain items will be checked to determine if they are in proper working order. The inspector will work with the home warranty services provider to decide what issues are pre-existing in your home. This could include a dishwasher that is not in working order or a plumbing system that has yet to be repaired.

What If Appliances Are Older?

In general, as long as appliances are in good working order, there is no age restriction for protection. It is the responsibility of the homeowner to take care and properly maintain appliances during the period of coverage.

How Is A Claim Filed?

This will depend on your individual provider, but you can typically call the toll-free number located in your service paperwork to file a claim. You should be assigned an account or agreement number that you will need to provide to the service company. Make sure you contact your provider before you begin work on your home to make sure that it is reimbursable. There may be times when your provider will want to discuss repair options with your contractor before the work begins.

As a homeowner, it is a good idea to look into companies that provide home warranty services. Warranties can be a great comfort to many homeowners. However, it is important to know what is and what is not handled in your agreement. It is important that you do all you can to maintain your home in order to get the most from your agreement. (Aaliyah Arthur)

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Simple Ways to Save on Travel Cover

Logic Insurance,  Simple Ways to Save on Travel Cover -Fighting against the demands of bills and surprise expenses, you've managed to salvage money for the long-awaited family holiday or faraway escape - congratulations! But the last thing you want is to spend that money on insurance.

 Simple Ways to Save on Travel Cover

Don't worry, there are not only surprising ways to save on effective insurance, but also means to do it simply and without hassle.

How many times will you travel?

The key to finding effective yet cheap travel cover is in understanding exactly what will best suit your needs - money is wasted if your insurance doesn't match your holiday. One of the key considerations in this regard is the amount of times you will head off on holiday (or business), as this can have a significant impact on which plan you choose. 

For example, those who go on a one-off vacation will need a different form of cover to those who jet set across the seas several times a year. Getting this right, and identifying the best budget plans delivered by the most authoritative enterprises, will go a long way towards saving your cash for tanning lotion, ski rental, or massages.

How old are you (and your children)?

The nature of travel cover is that must match a wide variety of potential circumstances. It does this in several ways. Most significantly, it assesses risk by narrowing down plans to suit various scenarios and contexts. A context of primary consideration, when it comes to the costing of insurance, is your age. Whether you are travelling with children, as a couple, or with older relatives will all have a distinct impact on how much you will need to pay. 

Therefore, if you want effective cover, you need to know just who will be hopping onto that bus, plane or train and how old they are - then you can find the best bargains for families, singles, couples, children, or whatever you need.

How specific are your travel locations?

No one wants to go off on holiday harangued by the spectre of all that could go wrong. This goes directly against the purpose of a vacation - namely peace of mind. But the world is not a constant and neither, unfortunately, are its risks. 

Hence travel cover varies in order to recognise this. Insurance to cover places known for political trouble, for example, will attract different rates than lush getaways in secure high profile resorts. Knowing your destination and the nature of its risks will arm you with valuable information in the hunt for cheap, reliable and simple cover.

Why are you travelling?

People go on trips for many reasons. Some look for luxury, others the rougher paths, some travel for business and others for pleasure. You may think this would have little impact on your travel cover, but it will - for very pertinent reasons. 

Different ventures introduce different ranges of risk for insurers, hence they will calculate different rates depending on your reasons for travel. This is why simple online checks for offers that consider the purposes of your travel are vital if you want to save money. (Patrick Chong)

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Benefits of Family Holiday Insurance Policy

Logic Insurance, Benefits of Family Holiday Insurance Policy -As important as it is to prioritise family safety (especially when travelling to a foreign country), many people still have a hard time deciding whether or not to get family holiday insurance. 

This is most likely due to avoiding having to spend money on a policy you don't really understand and may never claim on rather than deliberately being careless. But once you understand exactly what the benefits are of getting cover and realise that accidents do happen - often with grave repercussions - you may take the issue far more seriously. 

Benefits of Family Holiday Insurance Policy

To help you decide what to policy to purchase, the following are some common benefits explained.

Damage or Loss of Travel Documents or Personal Effects

Travel documents may include your passport, identity cards issued by the country you are visiting, and other proof of identification, such as a driver's license. Personal effects refer to personal belongings such as gadgets, toys, clothes, etc. 

Getting insurance for any type of travel document or personal effects means that you will be reimbursed for a specific amount if any of the items get damaged or lost during your travel. This is an indispensable aspect of a family holiday insurance policy when travelling with small children, as you may lose focus while paying attention to other things.

Trip Cancellation and Flight Delay

Trip cancellation may happen for many different reasons, but policy providers normally qualify this in terms of cancellation due to death or injury of anyone named on the policy 30 days prior to departure date, and unexpected civil unrest in the destination country. 

This means that should any of these happen before you even go on your family holiday, insurance will be able to reimburse you for the cost of your airfare and accommodation, provided that the event happens within the specified period of time.

Medical Expense Reimbursement

Medical expenses are one of the trickier policy benefits because some providers offer general coverage for specific days of hospital confinement, while others could provide a more comprehensive cover, depending on the reasons for injury. 

Generally, though, this benefit means that you will be reimbursed for expenses you outlay overseas due to accident or illness you or anyone named on the policy suffer during the duration of the family holiday. Insurance companies may further specify the details of the nature of the accident they will cover, such as winter sports or outdoor activities, or the severity of injury they will include in the policy. For the most part you may be covered for minor injuries, but for the more serious ones, you may need to discuss it further with a consultant. 

Overall, though, the specific items covered in a given policy are unquestionably important, and by getting the right policy, you will be able to enjoy your well-deserved holiday with peace of mind. (Patrick Chong)

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Family Holiday Insurance for Family Holiday

Logic Insurance, Family Holiday Insurance for Family Holiday - If you're thinking of taking a family break in your homeland, you may be thinking of forgetting the whole family holiday insurance issue. After all, you're close to home, so what could possibly go wrong?

Unfortunately, as we all know, things can still happen to scupper the best-planned holidays. Here are three good reasons why you should still make getting cover one of the top things to do on your list.

Family Holiday Insurance for Family Holiday

All policies will vary, but they will all provide some degree of cover in case you have to cancel your holiday. Normally this will cover such instances as suffering bereavement if someone close to you dies, but it can also cover the serious illness or accident involving someone covered by the policy. Other major events that may cause you to cancel your holiday can also be covered by family holiday insurance.

Family holiday insurance can also provide cover for personal possessions

If your luggage were to disappear, what else would you lose other than clothing? Maybe you keep your camera tucked away in there so it doesn't break, or perhaps you have other valuables in your suitcase so you don't have to carry them on your person.

Whatever the case may be, you'll soon realise a good policy isn't quite as optional as you thought it might be - especially if you want to be fully covered for all eventualities.

You'll be covered if any luggage goes missing

Having your suitcase go missing while on your way to your destination isn't the worst thing that could happen. However, you would still end up with no clothes or possessions, so it is certainly inconvenient. 

It would also take away some of the pleasure and relaxation of your vacation, since you'd almost certainly have to go shopping for replacements. This would cost a fair sum too - a sum that could have been at least partially covered by a good family holiday insurance policy.

As you can see, it does still make sense to get cover for your whole family even if you are just planning on having a homeland-based break. It doesn't matter whether it is for a weekend away or a longer period of a week or two - the most important thing is that you have the best cover you can possibly get. Of course you would hope never to need it or use it, but it does mean you've got that extra peace of mind if you find you do have to call on your insurers to come up with some help. And that's priceless. (Patrick Chong)

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The Importance of Holiday Insurance for a Great Holiday

Logic Insurance, The Importance of Holiday Insurance for a Great Holiday - Unless you happen to earn your living by working in the insurance industry, the chances are you probably don't enjoy talking about the subject much.

You probably also don't like spending a lot of time reading articles on it, particularly when you are trying to get to grips with planning that much-deserved holiday. Unfortunately though, you just can't afford to neglect holiday insurance. If you do, you may find yourself in the situation of regretting your lack of attention.

Why Insurance is Needed for a Holiday?

It may be very rare but sometimes bad things happen to people when they are on holiday. It may be bad luck, your carelessness or somebody else's error but a variety of things can happen that could leave you seriously out of pocket in certain situations. Take, for example, that age-old problem of the loss or theft of your luggage in transit.

It's easy to think that the airline or travel company will pick up the cost of replacing all your clothes and possessions but depending upon the circumstances concerned, you may find that they simply aren't liable. That means you'll be digging deep into your wallet for your plastic to make some emergency replacement purchases and have little or no chance of getting your money back.

Then there is the even more unpleasant thought of what would happen if you were taken ill or injured whilst on holiday. If you are overseas, expect to start incurring some massive medical care bills and in some countries, you may not even get treatment at all until you can prove that you are capable of paying for it.

Even if you are holidaying at home, you may find that if you're taken ill at a holiday resort you'll incur all sorts of additional costs that can be seriously worrying if you don't have insurance to help.

In a nutshell, that's why you need to think about having an appropriate policy. It's unlikely that any existing domestic insurance cover you have will protect you against the above risks and others like them.

To make sure that you won't suffer financial hardship as a result of misfortune on holiday, you will need to have some form of specialist holiday insurance cover.

What type of cover is available?

There are literally hundreds of different policies out there, all providing different types of cover. It will be impossible in a brief article like this to discuss them all.

There may be specific policies for things such as:

• Overseas travel
• Domestic holidays in luxury accommodation
• Sporting and activity holidays (not all standard travel insurance will include cover for participation in sport when you are away on holiday)
• High-risk holiday cover, typically aimed at what might be termed 'dangerous activities' possibly including things such as sky diving, scuba diving, hang-gliding and so on. Some typical activity holiday insurance may exclude these sorts of sports and you may need specific cover to protect your interests.

True, it may take you a little time to look at a range of options and decide what type of cover you need and how much you are willing to pay for it. However, in the hopefully unlikely event that you need to call upon your policy for financial assistance, you'll find your initial up-front research to have been time well spent. (Brenda Campbell)

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