Mystic Madness
Mystic Madness
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- What Is Life Insurance?
- Borrowing Against Your Life Insurance Policy
- Tips on Getting Compensation by Homeowners Insurance
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Posted: 25 Nov 2013 08:51 AM PST Life insurance which is also known especially in Commonwealth countries as life assurance is a type of insurance or assurance in which the insurance company agrees to pay a stipulated amount of money to the beneficiary at the death of the policyholder. Life insurance policies are available in a number of types. In some policies, the insurance company will pay the beneficiary some stipulated amount of many if the policyholder is diagnosed with critical illness or terminal illness. This type of life insurance policy should not be confused with critical illness insurance. The major difference between the two is that the benefits are paid to the beneficiary stipulated by the policyholder. The insurer on the other hand charges the policyholder some premium for bearing the risk. The premium is either paid in lump sum or on regular basis. Just like every other type insurance, life insurance policies are regarded as legal agreement and thus they are binding on the parties involved. The policies stipulate what and when the insurer has to pay or when the insurer will not pay anything to the beneficiary. Some of the exclusions normally made by life insurance policies include: · suicide · war · fraud · civil commotion · riot This type of insurance policy is called the life insurance because the policy owner or the insured buys it on his or her own life. Insured and policy owner In life insurance, the term policy owner and insured do not have the same meaning even though they can be applied to the same person. The policy owner refers to the person that pays for the insurance and he is also the guarantor. On the other hand, the insured is not necessarily part of the insurance contract but a party to it. However, one person can be the insured and the policyholder. The beneficiary of the policy is the person that receives the benefits of the life insurance when the policyholder dies. It is the owner of the policy that determines who the beneficiary is. Some policies may have irrevocable beneficiary while in some insurance policy the policyholder can change the beneficiary of the insurance. However, if the policyholder wants to change the beneficiary, the approval of the previous beneficiary should be obtained. Types of life insurance As it has been said above, life insurance policy is available in a number of types. Each of the types is unique in its features, benefits and disadvantages. Below are some types of insurance policies. · Term insurance which is also known as pure insurance provides coverage for a specified term but the cash value does not accumulate · Permanent life insurance in which the policyholder is not allowed to cancel it for whatever reasons except fraudulent application; the policy continues to be active till its maturation · Whole life coverage in which the death benefit coverage is for lifetime Other types of life insurance policies are: · limited pay · accidental death · universal life coverage
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Borrowing Against Your Life Insurance Policy Posted: 25 Nov 2013 07:00 AM PST The term life insurance may deceive some people. Contrary to the expectation of many people, this type of policy has nothing to do with the enhancement of the quality of life of the policyholder. It is a unique type of insurance because unlike the other types of insurance policies, the benefits of life insurance do not go to the policyholder but the family members, dependants or any other person the policyholder stipulated in the insurance policy. Besides, the benefits are paid after the death of the policyholder. However, it is available in a number of forms and each type has its own peculiarities. A type of life insurance policy known as permanent or whole life insurance allows the policyholder to borrow against the policy. This type of life insurance policy can be costly but most people that are shopping for life insurance opt for it because of this feature. The borrowing against whole life insurance is not done anyhow. There is always a process that policyholders should follow in order to borrow against their policy. If you are a whole life insurance policyholder and you want to borrow against your policy, there are certain factors that you should know which include the following. Borrowing the at the right time You don’t borrow against your policy anytime you want. The right time to borrow against your policy is when the fund accumulated by the policy had grown and become large enough to take care of your needs. It will take about 10 years for the funds to grow and become large enough to take care of your needs. But if you are hoping to borrow against it before a period of ten years, you need to put more fund in it to make it possible for your fund to grow quickly. Noting the interest Yes, you can borrow against your policy, but you should always be aware that such loan is not given out on interest free just like most other types of loans. Borrowing against one’s whole life insurance has some advantage over taking loan from the bank. First, the interest rate is not as high as the interest rate of bank. The policyholder is given a longer time to repay the loan. Failure of the policyholder to repay the loan does not create much tension in him or her. If you are borrow against your policy and you are not able to repay it, the money will be taken from the cash value of the policy. But you should note that if you die without repaying any loan you obtained from your policy, the loan will be taken from the benefits of the insurance meaning the beneficiary will receive a lower amount. Reduction in interest earned Another point that you should take note of when borrowing against your life insurance is that it reduces the interest accruable from the policy. This is because by borrowing on your policy, you are reducing the amount you invested in the policy. Knowing your insurer’s rules Each insurer has its own rule governing borrowing against whole life insurance. So, it is important that you know about your insurer’s rules in this regard.
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Tips on Getting Compensation by Homeowners Insurance Posted: 25 Nov 2013 06:09 AM PST Homeowners protect their homes against all manners of damage by buying homeowner’s insurance. Every homeowner who insured their property expects the insurance company to provide them with required assistance to deal with emergency such as snow crashes, flooding, fire outbreak and others according to their insurance policies. But experience has shown that most insurance companies are not always willing to provide the needed help during the emergency. They will always delay the process of paying compensation so that the policyholder will give up hope and look for solution elsewhere. But if there is any damage on your property which your insurer is supposed to take care of based on your agreement with them, it is your right to make claims. Below are some tips that you should apply in order to make claims. Review your insurance policy Most homeowner insurance policyholders make the mistake of not knowing fully the content of their policy. As a matter of fact, you are expected to understand your insurance policy before buying it. It is also recommended that you from time to time review your insurance policy in order to know when you’re to make claim or not. You should hire a professional or real estate lawyer to help you in that regard. This will enable to determine what the insurance company is paying for and the type of damages that are not included in your policy. Do proper documentation of the damages Definitely, the insurance company will require you to do a proper documentation before and after the damages. While doing the documentation, it is necessary that you include pictures of your property before and after the storm. The pictures will serve as your evidence. The insurance company will not say that the damage has existed before you purchase the policy. Keep inventories of all your possessions or properties that were damaged during the storm. The insurer company normally hires a professional to do that for them but you can also hire your own professional to work independently of the professional of the insurance company. If the insurance company wants to hide anything, you will easily find out. Don’t assume that the policy does cover all Sometimes, your claim may be rejected because of one reason or the other. But this should not make you to assume that something is not covered. It is always recommendable that you check causation. A particular type of damage may not be covered but if the causation is covered, then the insurance company has to pay for it. Fight for your right If your insurer refuses to pay compensation for any damage caused on your property which is covered by the insurance policy, do not be afraid to take the insurer to court. Hire a real estate attorney to examine the damages according to the policy. If after evaluating the policy and the damage and it is clear that the insurance company should pay you compensation, you should sue the company. Related posts: Related posts brought to you by Yet Another Related Posts Plugin. 
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Cutting Cost on Life Insurance Posted: 26 Nov 2013 06:25 AM PST Cutting cost on life insurance! Are you surprised by this topic? For most people out there, there is no how a person can cut cost on life insurance or any type of insurance because they already believe that the prices are fixed by the insurance company. Yes, each insurance company has its own rate for each type of insurance policy. But regardless of this, it is possible to cut cost on one’s policy. Life insurance is like other investments or commodities in the market and so, any person who is buying it can easily cut cost on it if the person knows how to go about it. Below are some of the tips that you should apply in order to cut cost on your life insurance policy. Finding the right policy There are various types of life insurance policies. Each policy has its own unique features and advantages as well as disadvantages. The benefits that are paid for each type also differ to a certain extent. Given the fact that each person has its own unique financial needs, the type of life insurance policy that will meet your need may not be the same with the type of life insurance policy that will meet another person’s needs. This is why it is important that you consider your financial needs and know the right type of life insurance that will suit it. It is a waste of money buying a policy that does not serve your financial needs. For example, if you want a life insurance policy that will last for a short period of time, there is no need buying whole life insurance which will attract more periods with longer duration. Shopping around As you know the key to buying things at a lower rate is shopping around. The same things apply in the buying of insurance. However, the manner in which insurance is bought is not the same way in which other items are bought. So, shopping around here is not the same thing as moving from a broker to another. It simply means knowing the rate at which different insurance companies sell the life insurance policies that you want to buy. Do not just ask about the premium only. You should find out about the premium, the interest rate and other bonuses that are attached to it. The easiest way to obtain quotes of various insurance companies is to go to a broker that sells policies for various companies. If you go to a broker that sell only the policies of an insurance companies, it all means that you will obtain only information about the insurance company the broker is dealing with. Opt for annual payment It is more cost effect to pay your premium annually rather than monthly. The problem with annual payment is that the money may be too much for some people to pay. If you can pay it, then go for it. Improve your health Before buying the insurance, you need to improve your health. Go for medical test and clear any illness. Make sure that your sugar content is ok. If you are hypertensive, take medications to reduce it. Also stop smoking. This is because the insurance companies consider these factors when giving quotes.
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Comparing the Life Insurance Quotes Posted: 27 Nov 2013 12:19 AM PST The buying process of insurance in general differs from the buying process of other commodities. This is why it is somewhat difficult for people to choose the right insurance. Today, there are a number of articles that have been written on this topic. A good number of these articles will advise you to shop around and obtain information about various insurance companies. Though this is good but it will get you more confused. This is because there is competition among insurance companies. They are now reducing their rates and adding one or two features to their package that will give them an edge over others. This will make it difficult for you to determine which quote is better option than the others. However, the above does not mean that you should buy life insurance policy without comparing quotes. The only way out is for you to learn how to compare insurance quotes. Being able to compare insurance quotes is the only means through which you will be able to buy life insurance policy at a reasonable cost. Below are some of the steps that you should follow when comparing quotes from various life insurance companies. First obtain the quotes The first step in comparing quotes is to first obtain the quotes from various insurance companies. Obtaining quotes from various insurance companies does not in any way means moving from one insurance company to another. You can obtain quotes from various insurance companies from one insurance broker. Just go to an insurance broker that deals with many insurance companies. They will provide you with quotes from various insurance companies. Take time to understand the paperwork Life insurance policy entails a lot of things. It is a legal document and should be properly scrutinized. Read every detail very well so that you will understand it. Check the figures very well. This is where most people make mistake. They only pay attention to premium they will pay without considering other features and bonuses that come with the policy. A life insurance policy may have a higher premium but comes with other features that make it a better option than other packages that come with smaller premium. Ask questions Some insurance shoppers sometimes refrain from asking questions. They tend to be afraid of that. But this is not good. If there is anything that you did not understand, you have to ask questions for clarification before making your decision. It is important that you clear all doubt and ambiguities in the policies. This will help the beneficiary not to have any problem at the event of your death.
Hire a lawyer As it has been said, life insurance policy is a legal document and so it is normally prepared in legal terms by lawyers. If you are buying it for the first time or you are not at home with legal terms, you need to hire a legal professional to interpret the document and explain the legal implication of every sentence in it for you. Use the internet There are today sites that help people to compare insurance quotes. You should use this technology. Related posts: |
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Posted: 27 Nov 2013 11:42 PM PST Life insurance is a household name for all insurance policies in which the insurer pays a specific amount of money to the beneficiary of the policy stipulated by the policyholder. In other words, in these types of policies, the benefit is not paid to the policyholder but to another person specified in the policy by the policyholder. It is paid if the policyholder dies. Life insurance is available in two major types with other sub types. The two main types are temporary and permanent life insurance. Term life insurance As implicit from the name, term life insurance is a type of insurance policy that covers the insured for specific time period. In this type of life insurance, the cash value does not accumulate. The death benefit is paid to the beneficiary if the policyholder dies during the active period of the policy. Permanent life insurance As implicit from the name, permanent life insurance is a type of life insurance that cannot be cancelled by the policyholder for whatever reason unless when there is a fraudulent application. The policy continues to be active until it matures. Should the policyholder cancel the policy based on the reason of fraudulent application, the cancellation has to be done within a time period stipulated by the law which is normally two years. In this type of life insurance, the insurance company is not exposed to high risk because the policy accumulates a cash value. Permanent life insurance is available in various forms which include universal life, whole life, limited pay and endowment.
This is a type of permanent life insurance in which the policyholder purchases the policy to cover his or her whole life. Unlike term life insurance, the policy is not for a specific period but for the entire life of the policyholder. One significant feature of this type of life insurance policy is that the premium paid by the insured is almost the same throughout the policy’s life. Some of the insurance companies normally invest parts of the premium and share the proceeds in form of a dividend with the insured.
Universal life insurance is a new type of permanent life insurance with flexible premium and death benefits. It is established to take care of the imperfections of whole life insurance policy, namely, fixed premium and benefits. There is the possibility of the cash value growing. Universal life insurance has other sub types including traditional fixed universal life insurance (interest sensitive) guaranteed death benefit, variable universal life (VUL) and equity indexed universal life insurance. Limited pay Limited pay is a type of permanent life insurance in which the insured clears all premiums within a stipulated period. At the end of this period, the insured will not be paying any premium on the insurance. Endowments This is a type of permanent life insurance in which the cumulative cash value and the death benefit at a particular age known as the endowment age have the same value. Related posts: |
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Different Types of Homeowners Insurance Posted: 28 Nov 2013 07:25 PM PST Homeowner insurance is a household name for all the insurance policies that protect a house against different kinds of peril or disaster that can befall a home. Other types of policies that offer protection to a person and his family against damages they cause on another person’s property are also classified as homeowner’s insurance. From the above, it is evidently clear that there are different kinds of homeowner’s insurance policies. However, it is not all the types of homeowner’s insurance that are available everywhere. Though, it is possible to find insurance companies that offer various types protections for homeowners. Homeowner’s insurance policies provide homeowners with fund to repair damages caused by such disasters as windstorms, fire, lightning, hail, vandalism, theft and others. Damages caused by natural disasters such as earthquakes and floods are not included unless it is clearly stated in the policy. Based on these perils that are covered by homeowner’s insurance, below are some types of homeowners insurance. Dwelling coverage This is a type of homeowner insurance policies that provide a homeowner fund to repair or rebuild his house if any peril stipulated in the policy cause any damage on the building. Depending on the policy, fund for plumbing, electrical wiring, air conditioning, home rebuilding and the likes may be provided. Homeowner insurance for other structures As implicit from the name, this type of homeowner insurance coverage does not provide protection to the home itself. Instead, it protects other structures that are attached to the home to embellish it more or for other purposes. Some of such structures include swimming pool, garden, cottages, fences, sheds, garages and other structures in the backyard. Loss of use coverage This is a type of homeowner insurance that provides you with housing fund in case you temporary pack out from your home. Certain home remodeling project can cause family to temporary pack out of their building. If you have this type of insurance, the insurer will provide you with fund to look for accommodation elsewhere until you move back to your home. Personal property coverage This is also another type of homeowner’s insurance that does not cover the building itself. This type of homeowner insurance policy covers other properties inside the home. It provides homeowners with fund to replace their personal property inside their home that are damaged by perils stipulated in the policy. Some of the properties that are included in this type of policy include furniture, sporting good clothes, electronics, kitchen utensils, books and others. Liability insurance This is a type of insurance that pays for claims for damages on another person’s home caused by the insured or any of the members of his family depending on the stipulations of the policy. Liability insurance also pays for the defense cost. Additional home coverage As implicit from the name, additional coverage refers to other protection provided by an insurance company to a homeowner outside the normal homeowner insurance. These additions depend on what the homeowner wants. The above are some of the types of homeowner insurance policies offered by most insurance companies today. Related posts: |
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Posted: 30 Nov 2013 04:17 AM PST Infertility is problem which no couple that dreams of starting a family will ever wish to have. It is the dream of every young person whether a woman or a man who wants to have children to start building a family once he or she is married. Husband and wife will become disturbed if the wife has not become pregnant after months of love making. Some may not be patient enough to wait for months. They will want to start making babies immediately. Most families enter into turbulent times in such moments. Some men quickly blame the problem on their wives. Some go to the extent of seeking for a divorce. However, the problem has not been solved. Couples who are not able to get children should seek for medical attention in order to find out what the problem is all about and who is to be blamed rather than quarreling. In the past, men were not thought to be infertile. But in the recent times, it is not all cases of infertility from the women. Through research, it has been discovered that men can also be infertile. A number of factors can make a woman or man to become infertile. Before looking at the causes of infertility in both gender let’s first know what infertility means. What is infertility? Infertility which can also be referred to as sterility refers to a condition in which a person is not able to produce offspring. As it has been said, a man can be infertile likewise a woman. In male, infertility is the inability of a man to get a woman pregnant. Some people confused sterility in man with impotency. They are not the same. Impotency refers to inability of a man to have erection or copulate with a woman. In other words, a man can be infertile and still enjoy sex. But an impotent man will not be able to have at least coitus with a woman. In woman, infertility refers to inability of a woman to get pregnant. Causes of infertility In women, there are a number of factors that can cause infertility. Blocked fallopian tube is one of the causes of infertility in women. Fallopian tube is a very important organ in the reproductive system of a woman. It is there that fertilization takes place. So, a woman whose fallopian tube is blocked will not be able to get pregnant. A woman having ovulation problems may not be able to get problem. Unhealthy lifestyle such as smoking can also cause infertility. Genetic factors and certain medical condition can cause sterility in women. Infertility in men can be caused by a number of factors. Genetic factors are among the causes of infertility in men. A man with low fertility rate or low sperm count may not be able to get a woman pregnant. A child can inherit this condition from his father. Unhealthy lifestyle and poor dieting can also cause infertility in male. To improve one’s fertility rate, there is need for a change of lifestyle, more rest, healthy diet and less stress. If the problem is caused by medical condition, the problem will disappear once the condition is taken care unless it has done strong damage on the system of the person.
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Posted: 30 Nov 2013 10:08 PM PST Infertility is the inability of a woman to get pregnant. There are a number of factors that can cause it. Below are some conditions that can cause infertility. Ovulation problem or disorder 30% of infertility cases among women across the globe are caused by ovulation disorders. However, unlike some other causes of infertility, 70 percent of ovulation problems are curable with drugs such as menogan/repronex and clomiphene. Ovulation disorders are of various types including the following. · Hormonal problems Hormonal imbalance is the major causes of anovulation. The ovulation process is brought about the complex balance of hormones. Any alteration in this process can hinder ovulation. There are three causes of hormonal problems. · Inability of woman to produce mature eggs There are certain disorders that can make the ovaries of a woman incapable of producing normal follicles where the eggs can mature. Ovulation hardly takes place when the eggs are not mature. These conditions constitute 50 percent of the cases of anovulation. One of the major causes of this disorder is called Polycystic ovary syndrome. Women suffering from such disorders will suffer such symptoms as amenorrhoea, anovulation, hirsutism and infertility. The syndrome causes reduction in the production of FSH. The oestrogen, LH and testosterone levels are either normal or high. · Malfunction of the hypothalamus The malfunction of hypothalamus can cause immature eggs. The pituitary gland from which the ovaries receives hormonal signal gets signal from the brain through hypothalamus which is a portion of the brain. If this portion of brain does not function properly or malfunction, it can cause immature eggs. · Malfunction of pituitary As described above, the pituitary gland plays important role in ovulation. The gland is responsible for the production and secretion of FSH and LH. Over production and insufficient production of these hormones can make the ovary not to ovulate. Chemical balance leading to a tumor in the pituitary gland and physical injury can cause this condition. · Scarred ovaries Infertility in women can also be caused by physical damage to the ovaries. The ovaries may not be able ovulate if they suffer any physical injury. Other conditions that can cause anovulation are: · Premature menopause · Follicle problems Poor functioning fallopian tubes Another major cause of infertility in women is poor functioning fallopian tubes or tubal disease. Up to 25 percent of infertile women are diagnosed with tubal diseases. The problems vary. There are cases of total blockage of the fallopian tubes. There are mild cases also. These cases are handled through surgical operation. Some surgical procedures have a success rate of 65 percent while some have a success rate of 30 percent. Fallopian tube blockage can be caused by a number of factors including the following: Infection caused by sexually transmitted disease · Previous surgeries · Abdominal diseases · Ectopic pregnancy · Congenital defects
Endometriosis Endometriosis is another factor that can cause infertility in women. About 10 percent of women that are infertile have this problem. Other factors that can cause infertility in women include: · Behavioral factors such as unhealthy lifestyle like alcohol and drug addiction Occupational and environmental factors |
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Posted: 02 Dec 2013 12:34 AM PST In the past, women were normally blamed in marriages that resulted in no issue. But this is no longer the case today. It has been discovered that men can also suffer from condition that can make them unable to pregnant their wives. Infertility or sterility in male can be caused by a number of factors. Some of the causes of sterility in man are explained below.
Lifestyle Infertility in man can be caused by some unhealthy lifestyles. Some of the lifestyles that are capable of reducing a male’s fertility include: · Smoking which decreases sperm cell motility and sperm count · Prolonged use of recreational drugs and marijuana · Use of anabolic steroid which can make the testicle to shrink and become infertile · Chronic alcohol abuse Indulging in intensive exercise for a long time (intense exercise increases the levels of adrenal steroid hormones which can cause the deficiency of testosterone In the light of the above, imbibing a healthy lifestyle is a veritable means of increasing one’s fertility rate. It is said that a man’s fertility rate is a reflection of his overall health. If you live a healthy lifestyle, you will produce healthy sperm. Hormonal problem Just as in women, hormonal problem or imbalance can make a man to be sterile. However, only a few cases of infertility in male are caused by hormonal problems. The testes produce and disseminate sperm through the action of hormones which are regulated by the hypothalamus-pituitary endocrine system. If this system malfunctions in a person, there is the tendency for the person to be unable to get a woman pregnant. Some of the hormonal disorders that can cause infertility in male are: · Hyperprolactinemia · Hypothyroidism · Congenital Adrenal hyperplasia · Hypogonadotropic hypopituitarism · Panhypopitituitafism and others Physical problem Infertility in male can be caused by certain physical problems which interfere with the production process of sperm or cause obstruction in the pathway the sperm travels from the testes to the penis. These problems can cause abnormal sperm morphology and low sperm count. Some of the physical problems that can cause infertility in male include the following · Variocoele occurs when the internal spermatic vein enlarges · Damaged sperm ducts making sperm cells unable to be transported out of the penis · Torsion which is caused by a supportive tissue Infection and diseases A lot of infections and diseases can make a person to be infertile. Some of the infections and diseases that can cause infertility include mumps, brucellosis, tuberculosis, typhoid, gonorrhea, smallpox, syphilis, influenza. These infections and diseases can cause testicular atrophy. Klinefelter’s syndrome This condition occurs when each cell in a man has extra X chromosome. In other words, rather than having XY chromosomes, men suffering from this disorder have XXY chromosomes. Retrograde ejaculation This occurs when the sperm is not ejaculated through the urethra but into the bladder. Psychological/physical/behavioral problem Infertility in man can also be caused by certain psychological, physical and behavioral problems Impotence Impotence which is known as erectile dysfunction can cause infertility in male.
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