Term Life Insurance Advantages And Disadvantages
Posted on August 3rd, 2010
Term life is oh so loved my many people. There are many different types of term and very many reasons why people buy these policies. There are significant advantages to owning this type of life . There are also a few disadvantages.
Advantages
1 – The premiums are usually quite inexpensive whether you buy your policy for the short term or for longer periods like 20 or 30 years.
2 – The more popular policies have level face amounts, they never decrease. You never need to be concerned whether your coverage is sufficient when you buy it.
3 – The premiums also remain level throughout.
4 – You can easily provide sufficient coverage to protect your loved ones because of the low premiums.
5 – If you own a fairly new business you want to plow as much cash into it as is needed.
Tags: Advantages, Term Life
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Know the Rules!
Posted on August 2nd, 2010
It has recently been reported that most people who supervise learner drivers do not know the law when it comes to teaching, and could risk fines, disqualification or even jail. The AA released figures which suggested that a quarter of 19,000 people didn’t know that using a mobile phone while supervising a learner driver was illegal. Shockingly, one in 10 people weren’t aware that falling asleep in the passenger seat wasn’t allowed either!
Even something like not wearing your glasses, if you require them for driving, could land you in trouble. Running
Tags: Know, Know Rules
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P&C Insurers Unscathed After Tumultuous 2009
Posted on July 31st, 2010
Given the lingering effects of financial crisis, it may come as no surprise to industry observers that it’s been a struggle for insurance companies to scratch their way back to the positive side of the ledger. Reports abounded last week regarding the state of the property/casualty industry: that it faced a slow road to premium recovery, was exposed to underwriting issues thanks to D&O and E&O woes and its capital position was strong despite municipal credit demands, but that was then, and this is now. Read more…
Brokers come into their own as GI market hardens
Posted on July 31st, 2010
1 Answer Network is urging consumers to put their faith in local brokers to find the best insurance deals, as a hardening general insurance market sees higher premiums and reduced benefits.
Insurers now need greater capital adequacy but are facing lower investment returns and a high incidence of claims, in some areas of the market.
The Network is therefore predicting that premiums will rise, benefits will be reduced, excesses raised and extras in insurance packages thinned out.
Tags: Gi Market, Market
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Seven Simple Tips to Lower Teen Auto Insurance
Posted on July 28th, 2010
Have you browse through articles regarding auto insurance for teens? Then you are now aware that it is somewhat costly compared to your insurance. That’s because teens are deemed to be high risk drivers since it is their first time to be on the road. Nevertheless, there are ways on how you can lower their car insurance premium, just follow the simple tips below.
1. Choose a safe car
Instead of buying them a sports car, consider getting them a simple and practical vehicle. That way, the automobile will have a less probability on being stolen.
2. S
Tags: Auto Insurance, Insurance
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IAG announces expected FY10 result, dividend and changes to executive team
Posted on July 28th, 2010
Insurance Australia Group Limited (IAG) today announced it expected to report an insurance margin for the year ended 30 June 2010 of 7.0%, in line with revised guidance, and to determine a fully franked, final dividend of 4.5 cents per share. In addition, the Group has announced changes to its executive team, centred on its UK and New Zealand operations.
Based on preliminary results1, IAG expects to announce an insurance profit of $493 million for FY10 (FY09: $515m). This has been achieved on net earned premium of $7.1 billion (FY09: $7.2bn). The Group expects to report gross written premium (GWP) of $7.8 billion, which equates to underlying GWP growth of 3.8%, in line with guidance of 3-5%.
Tags: Expected, Expected Fy10
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