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Replace income for dependents If people depend on your income, life insurance can replace that income for them if you die.
Pay final expenses Life insurance can pay your funeral and burial costs, probate and other estate administration costs, debts and medical expenses not covered by health insurance. Life Insurance The most commonly recognized case of this is parents with young children. An MOT For The Body
By Catherine Harvey
 If you listen to all the health reports and warnings in the paper everyday you'd be a confused wreck. It seems we can't do right for doing wrong. We try to eat healthily but are bombarded with information that tells us what is good for us and what isn't, followed the following week by conflicting news about how certain health foods cause horrible diseases of one type or another.
Lifestyles, diet and health are some of the biggest issues that affect our life insurance premiums. Doctors are not huge fans of alternative therapies and prefer to go down the drug route. And this is how so many menopausal women have come to take hormone replacement therapy.
However, it would seem that HRT therapies are being held responsible for cancer cases long after the treatment is finished. The risk of breast cancer is still 27 per cent higher three years after treatment when compared with women who have never received this therapy and these are worrying statistics.
At the height of the debate of HRT and the knock on effects, over a million women in Britain ceased treatment, leaving them with the unpleasant menopausal toll on their bodies. Unpleasant, but better than cancer.
Heart disease is another impact of HRT and women are being advised to only use it if absolutely necessary and then for as short a time as possible.
Life insurance companies will be taking this into consideration which will leave you with higher premiums for longer than necessary, given that these women are trying to help themselves and relieve symptoms. It seems doctors can help one thing but this often leaves us vulnerable to other problems.
Medicine is big business and if you are concerned about your cancer risk after taking HRT you could always treat yourself to the new test that is available through private medical services. It is now possible to indulge yourself in a complete MOT for the measly price of 2,200. pounds.
The UK government are hoping to implement measures for monitoring the nation's health more accurately but the Biophysical 250 is the mother of all tests and promises to be a huge money saver for life insurance companies.
For the price of two tablespoons of blood you can have your prediction read as to whether you are likely to develop heart, blood or cancer diseases. How uplifting!
In your detailed report will be an idiots guide to your health. Of the 250 listed possible problems, there will be a colour coded guide. Red means immediate action required, amber denotes preventative action needed and green symbolises a low risk. It will cover illnesses such as heart disease, stroke, diabetes, rheumatoid arthritis, lupus, pneumonia, hormonal imbalances, vitamin and protein deficiencies as well as numerous types of cancer. Just what you want dropping through your letterbox on a Monday morning!
This comprehensive health check is being billed as an effective one stop health check but surely this is only wise if you have the private medical insurance or life insurance to cover such problems that may be thrown up. This also brings further into the light the class system so prevalent in this country.
For those who can afford private medical care, they can have the test and deal with any problems. The rest of us pay our taxes for the NHS, knowing it is completely overwhelmed already and the chances of us getting the test, or the medical aid we need, are very remote.
Wealthy people will not be affected by the hike in life insurance premiums that this brings about but the average person certainly would be. Will it one day be a case of life insurance companies insisting on us taking this test before it decided if or how it will cover us? And would this not be discrimination against those of us who can just about scrape together the money for life insurance premiums as it is?
Insurance expert Catherine Harvey looks at the effects on life insurance of new discoveries in the medical world.
What Insurance Companies Dont Tell You
By Cheryl A. Clausen
 Bob had been an agent about 18 months and he was free falling. When he was recruited his sales manager assured him hed be making $100,000 a year in no time. After all, he was already a successful sales person. It was just a matter of moving from selling a tangible product to selling an intangible product, right?
Bobs sales manager failed to mention a few things. Like how many new agents earn $100,000 by the end of their first year, and the number of new agents still in business after two years. Bobs recruiter never mentioned that the insurance company doesnt expect more than 3% of the new agents to last more than two years. He also didnt mention that Bobs experience of earning around $20,000 his first year and then earning even less in year two really isnt uncommon.
The insurance company recruiter didnt mention that the insurance company wins whether Bob makes it or not. They know Bob will sell his family and friends and few others. They also know that once Bob is out of the business theyll continue to receive their premiums and wont have to pay Bob his commission.
Unfortunately, once you hit the free fall stage like Bob you run out of time before you can save yourself because you simply dont have the money to continue. However, there are a few things you can do to avoid sharing Bobs experience:
* Learn how to promote yourself so you consistently attract highly qualified prospects to you
* Position yourself as a trusted adviser rather than a dreaded salesperson
* Uniquely package your services increasing your clients desire to work with you
You dont even have to know how to do these things better than anyone else. You just have to do them well enough to produce some results. After that you have the luxury of making improvements. It isnt that top producers do things so much better than everyone else. It is that top producers consistently do the little things that ensure their success when everyone else doesnt.
Discover the 7 Secrets Top Producers Know that You Can Put to Use in the Next 9 Days
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A Guide To Life Insurance Policies. Will You Choose The Right One?
By Jimmy Chuang
 Life Insurance. What does this mean to you?
For some it means security, knowing that their family or business is safe should they unexpectedly pass away. For others it conjures up images of pushy salesmen and confusion about what they are buying.
By learning about the different life insurance policies available you can make an informed decision that will give you peace of mind and satisfaction with your responsible decision.
There are three main types of policies. Here is a brief explanation of what they mean:
Whole Life
Whole life insurance is a permanent insurance. This means that the policy stays in effect for your 'whole life' as long as premiums (payments) are up to date.
The cost of whole life insurance premiums will usually be more than the cost of an equivalent amount of term insurance because the cost is averaged. While the cost of term insurance goes up with each renewal, whole life insurance never needs renewing. Instead of paying smaller premiums when you're young and high premiums as you age, whole life premiums stay the same.
In some policies a savings option can be added which can be used to borrow against.
Universal Life
Universal life insurance is another form of permanent insurance. Like whole life the policy is in effect until you die. You never need to renew the policy (regardless of health) and the premiums will never go up.
Universal life also incorporates other financial services including a savings plan that can be made in addition to the policy. Otherwise the policy can be surrendered in exchange for the savings that have accumulated. Policy owners can often choose from many options including adding another person to the policy, managing their own investments or using the savings to cover the costs of premiums.
Universal life insurance is the most expensive option because of the amount of flexibility and options.
Term
Term insurance is the least expensive life insurance policy option. Term insurance is selected for a certain period of time (term) such as; 1 year, 5 years, 10 years or 20 years.
Term insurance is a good choice for young families with dependants and high debts (such as a mortgage) that they will be no longer be responsible for in 15 to 20 years when the policy ends. Term insurance has no cash value, it cannot be borrowed against or cashed in. If the policy ends and the individual wants to renew the policy the cost of premiums will be higher.
Using term insurance to cover the basic financial requirements of an individual while also instituting a separate savings plan may reduce the need for insurance later in life.
Policy Riders
Depending on the needs of an individual there are other options that can be purchased with certain insurance policies.
The additions to the life insurance policy are called 'riders'. This includes adding a spouse, including disability income insurance, Accident and Sickness, Accidental Death and Dismemberment as well as customized choices for taking loans or cash payouts on certain policies.
Talk to an insurance broker who will explain the benefits of each feature and recommends only what best suits your needs. With a bit of understanding you can make the most responsible choice with your money and be confident your family or business is provided for.
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