Monthly Archives: August 2017

Choosing The Right Life Insurance Companies

To many people they do not purchase life insurance until something happens. To financial advisors, it is part of every ones financial road map. And choosing the right insurance companies amongst the many can be difficult at times. Life insurance companies have their own set of guidelines and policies in underwriting. To have a good financial foundation, you have to include your life insurance in planning your financial road map. There is only one thing in this world that is guaranteed to happen, and that is death.

There is always the need to prepare you financially in the event of an unexpected death. Your family and loves should bear the financial burden should you unexpectedly die. But, have to understand that your situation and needs should be put into consideration. The financial need of a young starting family and a mounting debt is not the same as those people and couples who are near their retirement and have their mortgages paid.

Life insurance companies literally have millions of policies in force from the leading giants of the industry to the smallest insurer. But once you decided to purchase a policy, you have to consider doing your homework and find the right insurer. But finding the right company to get you insured can sometimes be a daunting job. These companies are obliged by law to reserve enough funds to cover future obligations to their clients but make sure to do a research.

The first thing you can do is to check the ratings and financial health of the company you are trying to deal with. Most of the larger life insurance companies are in excellent financial health and are stable. If you want to research and find the companies rating, you can do it online or contacting the rating agencies. The more popularly known rating agencies are Standard and Poors, Moodys and A.M. Best. Be reminded that these rating agencies have their own rating systems. So do not rely solely on one rating but compare from the different rating agencies.

You have to do your homework and compare, analyze and make that what you choose will be the one that suits your needs. Some might be more attractive because of the companies rating, but if it is not that much of a difference, choose the one that fits your needs. Some companies may have a lower rating but the features that they offer match your needs. So choose wisely and take has more benefits to you.

A lot of these insurers have long been in the business and you rest assure that they know and understand the complexities and risks involved. The older and bigger they are, the more you can trust them. But do not get carried away by their stability, because sometimes these insurers have many complaints against them. So always consider checking if they have many complains lodge against them. One way to check this is to go and visit the National Association of Insurance Commissioners site.

When choosing the right life insurance companies to inquire from, make sure they offer the products you are looking for. Then check their ratings, check for any complains and make they have a good customer service reputation. Another thing to make is that the life insurance companies should be able to meet their financial obligations should the need arises. Whatever type of life insurance you will be buying, just make sure your insurer will still be there when you need them.

Tips For Finding The Right Life Insurance

Life insurance is essential if you want to ensure that your estate is handled correctly. If something should happen to you, they will be able to cash your policy to cover their expenses. The information included in this article will help you get started figuring out the life insurance business.

When you determine what kind of life insurance you want to purchase, make sure you evaluate the lifestyle your family is going to need if anything were to happen. There will be different needs for different people after they experience the passing of a family member. Take into consideration fixed costs as well as one-time expenses, like funeral costs and estate taxes, when calculating the amount of insurance coverage necessary.

Consider getting healthier before you take out a policy on life insurance. It can be extremely expensive to purchase life insurance. It can cost even more if your health is poor. Prior to taking out a policy, focus on becoming more physically fit. Change your diet and lose some weight, whatever you do will help. Doing so could dramatically decrease the amount you have to pay for your policy.

Compare prices before choose the life insurance policy you want to purchase. Premiums vary by as much as 50% from one company to the other: make sure you compare quotes online to find where your cheaper options are. You should also take care to verify that the quote includes considerations for your medical history.

Your life insurance premiums can go up if you decided to skydive, bungee jump, or scuba dive in your spare time. There are jobs involving danger, such as fireman or policeman, and extreme sports hobbies that could significantly raise your life insurance premium because they represent a high risk.

When purchasing life insurance, it is best to get it from a financial adviser instead of a broker. When you purchase a policy from an insurance broker, the broker will earn a commission. Conversely, many financial advisers only get paid one flat fee. This is why financial advisers often do not push you to buy and they will be more honest.

If you need to save money on your life insurance, try getting healthier. Most insurers give people who are healthier better deals because they are less prone to having a medical condition arise that can cut their life short early.

Use the power of the web when you are looking for the right insurance policy. Using the Internet you can get information about many insurance companies, and be able to compare prices and company ratings. Good places to begin are places like Accuquote, Insweb, and Insure.com.

Purchasing a whole life or universal life insurance policy can be prohibitively expensive for many families. Though whole and universal life policies often offer a savings and do not have an expiration date, that may not be enough. Most families instead opt for term life insurance as their policy since it is more cost effective, and offers the protection that they need in the event of a tragedy.

The advice you’ve just been given should have provided you with the knowledge and self-assurance to make wise decisions when purchasing life insurance. You can find the affordable coverage that you need to protect yourself and your family in the event of tragedy.

When you have a home, it’s vital that you have homeowner’s insurance. Thanks to this article, you are now armed with excellent advice on how to locate the best homeowner’s insurance policy for your needs. Don’t think of your insurance policy as a waste of money. Instead, it is protection you need to keep your loved ones and their home safe.

Survival Benefits For Life Insurance

Survival benefits also known as the maturity benefits are paid on the completion of the tenure of a life insurance policy. The amount payable depends on the predetermined terms and conditions of the insurance policy.
Survival benefits for:
Term Insurance- In this type of policy there is no maturity benefit and the policy elapses at the end of its tenure.
Money-back Term Insurance Plan- According to this plan, the total amount of premiums paid is returned at the end of the term of the policy. The premiums in this type of insurance will be higher than those of a basic term insurance plan.
Whole Life Policy- Generally, there is no survival benefit in whole life policy as the policy is for the entire life of the policy holder and only the nominees are paid the death benefit on the passing away of the insured. But some insurance plans may offer survival benefits upon reaching the age of 80 years and pay back the sum assured and bonus to the insured individual.
Endowment Policies- These plans act both as an investment and mortality risk cover so survival benefit is the most important component. In Endowment insurance policies the sum assured is paid back along with the bonus/ return on investments. The premiums paid are invested in safe bonds and profits earned are paid as bonus to the policy holder at the end of the tenure of the insurance policy.
ULIP (Unit Linked Insurance Plan) � Generally in ULIP plans, the survival benefits comprise of the fund value at the time of maturity of the plan. Some ULIPs are structured differently for e.g. the maturity benefit may be paid according to the highest NAV achieved during the tenure of the plan.
Money-back Plans – These plans pay back the sum assured and guaranteed returns as survival benefit. In fact a policy holder can make periodic cash withdrawals during the tenure of the policy. On maturity of the plan the policy holder gets back any residual balance of the sum assured and accrued bonus. The main difference between survival benefit pay outs of Endowment plans and Money-back plans is that in an Endowment policy the survival benefit is paid at the end of the tenure of the policy whereas in case of Money-back plans the maturity benefit is paid at regular intervals during the policy tenure.
Children’s Policies- At the end of the specified period of the insurance policy the nominee i.e. the child will receive the sum assured along with any accumulated bonus/ guaranteed returns. The maturity benefit is not affected by the death of the proposer who may be the parent or guardian of the nominee. In case of Money-back plans, benefit will be paid out periodically to the nominee and the balance will be paid out at the maturity of the plan.
Joint Life Insurance Policy- This policy is similar to Endowment policies and offers survival benefits to one or even both the policy holders if they outlive the stipulated period of the plan. At the maturity of the plan, the sum assured and accrued bonus, if any, is paid out to the insured.
The survival benefits vary for different plans and are designed to give a variety of choices to the prospective policy holder to suit his unique requirements.

Everything You Need To Know About Life Insurance

Their families end up going through some financial stress, because of their neglect. The following article will help you to determine the best insurance for your own needs and the future needs of your loved ones. By deciding this, you’ll be at peace because you’ll know that your family will have what they need if you are gone.

Although term life insurance may seem like an affordable and easy way out, it is also very temporary. The lower price is the main benefit of term life insurance over a traditional policy. However, traditional life insurance policies are financial assets that you can even borrow against. In contrast, term life insurance lasts only as long as you keep up the payments.

Make sure you have adequate coverage when buying life insurance, enough to take care of your loved ones. A policy should offer adequate financial coverage. This means it should be enough to address expenses like a mortgage, car payment, or college tuition.

Any hobbies or jobs that you have that are thought to be dangerous will raise your life insurance premiums. Refrain from scuba diving, skydiving, and bungee jumping to lower your rates. If you regularly travel to dangerous or troubled destinations, you may nullify your coverage or forgo discounts.

Make sure that you disclose any hobbies or occupations that your insurer may consider high-risk. It’ll cost you more, but it can prevent ineligibility if your insurance company found out themselves. In addition, not disclosing this information might be considered to be fraud, which carries large penalties.

Life insurance policies are a wise investment for anyone who has dependents. If you die, your life insurance can help your spouse pay for your kid’s college or pay off your mortgage.

You’ll find there can be tremendous variation in the cost of insurance companies. Some insurance companies charge almost half again what others charge for the same coverage. Take advantages of online resources for the purpose of comparing price quotes from a range of carriers, and make certain to use tools that are able to take your specific medical situation into consideration, when preparing estimates.

Make sure that you land the proper levels and limits of coverage for your life insurance before you make the final commitment. Although calculating your family’s financial requirements may be time consuming and difficult, it is well worth it for both yourself and your family. Evaluate the value and expenses of your current mortgage, as well as tuition payments, taxes, and the retirement that yourself or your spouse are planning.

You want to try and make your premiums yearly instead of monthly, this can help you save up and pay off the lump sum all at once. A single annual payment will work out cheaper than paying a monthly premium.

Avoid signing up for “guaranteed issue” life insurance policies. These policies are tailored to people with pre-existing health conditions. If you get this kind of life insurance, you can avoid medical exams, but you’ll need to pay significantly higher premiums. Your coverage will also be much more limited.

With what you learned in this article, you don’t have to gamble the future away anymore. However, when the risk is your family’s financial security, it is not a game that you should play.

Some Basic Questions To Ask Your Life Insurance Agent

Life insurance comprises a wide range of products associated with different kinds of premium modes. Too many choices at times make our task of selecting the right insurance policy more difficult. We find a kind of solace in transferring our investment worries to the agents who are better trained and specialise in helping out with life policy selections. These agents are trained executives who sell their insurance products to you after understanding your needs and concerns and provide the right kind of service as per your requirement. But in doing so, at times they make a world of promises to convince you which may not hold true. It is not always that you will find an agent on whom you can rely completely. So it is advised to be thoroughly convinced by asking the following questions for a smooth investment planning process.
1. How reachable are you?
With internet playing a crucial role today, making it utmost convenient for you to see and shop for products online, the dependency on human interface has relatively reduced. In just a click you can access a broad information source related to the insurance type, premium payments, features, benefits and more. The life insurance category is no exception. Every life insurance company today has a website for reference regarding its products and they expect you to visit their website to acquire knowledge on their product. But in case if you are not net savvy you can always address you needs to an agent and get personal attention to your queries. But the agent must be easily accessible and ever ready to drop by to help you out.
2. How frequent communications between us will take place?
It is a wrong conception that your relation with your insurance agent will end once the deal has been done. The most important fact is that your insurance requirements will change with important milestones in your life and this will directly reflect on your policy and in such scenarios, changes will be required in your insurance policy. It is better to initiate a dialogue with your agent and make points clear right in the beginning that he/she should be willing to help and guide with changing situations and look after your needs in different scenarios.
3. Can you explain the product to me in a simple manner?
Insurance terms and jargons are not understandable to the common man. Your insurance agent will have a clear knowledge about them. So while your agent explains the policy to you, try to understand the product, terms and finer details which you and the beneficiaries can now understand properly and in simpler words.
4. What are the charges involved in the policy?
Seek complete information from your agent to disclose all the charges and the additional fees involved in the policy. Life insurance policies generally involve multiple costs and charges that must be declared upfront to the person opting for a policy. There is the basic premium allocation charge, administration fees, mortality charges, fund management charges etc. The agent should be able to explain about all the charges that a policy might attract.

The Practice of Hatha Yoga

Hatha Yoga is mainly practiced for health and vitality. Hatha Yoga was introduced in the 15th century by Yogi Swatmarama. Hatha yoga focuses on the purification of the physical being which leads to the purification of the mind or vital energy. The exploration of these physical-spiritual connections and body centered practices led to the creation of Hatha Yoga. Today In the West, hatha yoga has become wildly popular as a purely physical exercise regimen divorced of its original purpose.

Whatever the historical details, Krishnamacharya has become the undisputed father of modern-day hatha yoga. Krishnamacharya’s first lessons in yoga were from his father and his grandmother and passed on through generations of practice.

Hatha Yoga follows in that vein and thus successfully transcends being particularly grounded in any one religion. This exploration of these physical and spiritual connections and body centered practices led to the creation of Hatha Yoga. Hatha Yoga has been included in the life style of these traditions. Hatha Yoga classes tend, among other things, to emphasize physical mastery.

Hatha also means a force or determined effort, and yoga, of course, translates as yoke or joining together. The very name hatha yoga, a combination of “ha,” meaning sun, and “tha,” meaning moon, denotes the union of opposites. Through the practice of yoga an individual can gain information about physical, emotional, mental and spiritual well being.

Hatha Yoga represents opposing energies: hot and cold, fire and water following the theme of ying and yang, male and female, positive and negative. Hatha yoga attempts to balance the mind and body. The balancing of the mind and body is brought about via physical exercises (also known as asanas), controlled breathing (pranayama) and relaxation or meditiation.

Pranayama refers to breath control in yoga. In this yoga is defined as a means of binding or controlling the breath and the mind using the syllable Om. In this case yoga has extremes, practices of fasting, breath control, and postures to transcend the body, and not cultivate it. Asana body postures that are contemplative in nature and are designed to align the body and bring about the optimum situation for relaxation.

Traditional yoga is a holistic yogic path and is becoming wildly popular.

The Power of Stretching

Your muscles ache from a good stretch. This is quite normal and is part of the process. Stretching has seemingly been with us and particular with athletes since the beginning of time.

A very key point to good stretching is to hold the stretch for at least seventeen seconds. This is a pearl of wisdom gleaned from a ballet teacher a few years back. She said that any stretch under 17 seconds was just not effective.

The 17 second rule is exceeded in the high intensity Bikram’s yoga where stretches are held for about 30 seconds. Don’t forget the high level of heat that is used in Bikram’s to extract that last little bit of stretch out of your muscles. An interesting twist that is not necessary to gain benefits from stretching. But, it can’t hurt, right?

So what kind of benefits can you expect from stretching? That’s an easy one. Have you ever seen the movie, Blood Sport? Did you know that Frank Dux could truly stretch his body to the extreme. The actor that played him was quite elastic as well.

Great elasticity is also something you might see in well trained Spetsnaz(Russian)agents. They often work out with Russian kettlebells too. They are for superior strength gains and the ability to withstand ballistic shocks.

Why are stretching and flexibility considered important to these people? Stretching gives one the ability to have explosive power available at one’s fingertips without the need to warm up. Of course most of us are not martial artists or agents. But, you’ll be happy to know there are plenty of other benefits.

Let me give you an example. After learning to sit in the full lotus position for long periods of time, my ankles became very flexible. One day I was walking along and my left foot fell into a pothole. This mishap pushed my ankle sideways to about 90 degrees from it’s normal position.

Amazingly, this didn’t even hurt, not one bit. If my ankle hadn’t been so flexible, I may have suffered a sprained ankle. At the very least, it would have hurt for days.

Key point: stretching helps us to avoid injuries. Not only that but if you do have a muscle, tendon or ligament injury it should heal faster, theoretically speaking.

Stretching actually grows the ligaments, tendons and muscles being stretched. They really grow longer over time.

Check with your physician before undertaking any type of exercise, including stretching.

Get Life Insurance Now To Protect Future

It can be very tricky to learn about life insurance. Trying to find life insurance policy at a price you can afford can be hard, and it may be difficult to understand what coverages you are getting. The following paragraphs contain the insights you can use to find the plan optimized for your coverage needs and budget.

Term life insurance is easy on your wallet, but you should always keep in mind that it won’t last. The biggest benefit term insurance offers is how much cheaper it is when compared to traditional policies. You must remember, however, that traditional life insurance policies are more permanent and you can always borrow against them down the road. Term life insurance, on the other hand, is only good for the amount of time you pay for.

Your premiums can go up if you practice skydiving or bungee jumping for instance. Also, certain occupations, such as a racer or a helicopter pilot, could be considered by the insurance provider to be very high risk. Thus, your premiums will be higher.

Make sure you get an appropriate amount of insurance. It might take you a while to figure out just how much money you will need to cover expenses and to provide for your family, but the extra time spent is well worth it. Think about things like taxes, mortgage and your spouse’s retirement when trying to determine how much you need.

Do not give you personal information to get a quote on the internet. There are clever scammers online who promise a quick free quote and use the information that you provide for identity theft scams. The only information necessary to obtain an insurance quote would be your zip code.

Decide how you are going to find and purchase a life insurance policy. You may do it through your work employer or by yourself. You can also ask fee-only financial planners, buy from insurance agents, or buy a policy from commission-only financial planners.

Use the power of the web when you are looking for the right insurance policy. To look at all options, go to various websites and compare prices. Also, view the ratings for each company. Three of the most popular are Insweb, Accquote and Insure.com.

Watch for any warning signs from an insurer when you are shopping for life insurance. Insurance companies are rated by independent companies. An agent should never say that rating information does not exist or is irrelevant. File a complaint against any agent that tries to mislead you.

Stay away from “guaranteed issue” policies unless they are your last resort. Usually, this is for someone that has a health condition that is pre-existing. One good thing about this insurance is that you don’t have to have a medical exam to receive it. Due to this fact you will also find yourself paying higher premiums. The coverage you receive will also be more limited.

As was stated earlier in the article, life insurance is an important way to keep your family safe and cared for, even if something happens to you. If you apply the tips you’ve read in this article, you can relax, knowing that no matter what happens, your family will be okay.

Understanding the different types of Yoga

Yoga is becoming a more and more popular activity in the Western world today. The number of places holding Yoga classes is on the increase and there is a plethora of different types of Yoga. With a choice of Hatha Yoga, Ashtanga Yoga, Power Yoga, Iyengar Yoga, Bikram Yoga, Vinyasa Yoga and many more it can be easy to get confused

The article will help you to understand the difference between the most popular types of Yoga so you can choose which type is right for you.

Hatha Yoga – in Sanskrit (an ancient classical language of India) “Ha” means “sun” and “tha” means “moon”. This type of Yoga is relatively slow paced, gentle type of Yoga and is a good place to start if you are completely new to Yoga and don’t know any of the asanas (poses). Like all types of Yoga, Hatha Yoga aims to unite the mind, body and spirit.

Ashtanga Yoga – this is the type of Yoga that I practice on a regular basis and means “eight limbs” in Sanskrit. It’s a fast moving, intense style of Yoga practice and is based on a progressive set sequence of asanas, synchronized with the breath. Ashtanga Yoga can be quite physically demanding as you constantly move from one asana in the sequence to the next, so you’ll find that it will improve your stamina as well as your flexibility and strength..

Power Yoga – this is a western interpretation of Yoga and is based on Ashtanga Yoga. A Power Yoga class may not necessarily stick to the exact sequence of poses like Ashtanga Yoga does, but it does involve practicing a series of poses without stopping and starting.

Iyengar Yoga – This type of Yoga is based on teachings by B.K.S Igengar and concentrates on the correct alignment and form of the body. Unlike Ashtanga Yoga, there is an emphasis on holding each pose for a long period of time rather than moving constantly from one pose to the next. Iyengar Yoga uses props such as blocks and straps to help align the body into the different poses.

Vinyasa Yoga – Vinyasa means breath synchronized movement and is another fast paced type of Yoga, with an emphasis on breathing. A practice typically starts with sun salutations and moves on to more intense stretching. Throughout the practice each pose is balanced with a counter pose.

Bikram Yoga – otherwise known as “Hot Yoga”, is practiced in a room heated to 105 degrees, with a humidity of around 40%. Generally a sequence of 26 different poses is practiced during a Bikram Yoga class and the hot temperature helps to loosen muscles. Due to the high temperature most people sweat a lot during the class and this helps to cleanse the body of toxins.

If you’re just starting out or have never done any Yoga before, I recommend trying a few different types of yoga to find out what you like best.

Remember, there’s no rule that says you have to stick to one type of Yoga. I like Ashtanga Yoga best, but I also go to occasional Iyengar and Hatha Yoga classes for a bit of variety.