Fortune Watch

If you have recently found yourself needing to make more money, and found a job that seems to pay too much to be true, think twice! Some of the world’s best paying jobs are also the most dangerous, and the risks can easily outweigh the money, and be the cause of hefty income protection insurance premiums!

Have lost jobs all of a sudden? Or struggling with health issues like a chronic problem or an accident that impaired your working abilities? It is important that you know all of your present income source, understand the income needs after retirement and finally find successful ways to ensure those for better livelihood.

Income protection insurance is such dependable armour that can satisfy when you are not in a condition to get monthly paycheck for some unavoidable reasons. With the insurance you can cover up to 80% of the income that you bring in on a monthly basis. So before you apply for an income protection insurance scheme, disclose all sources of income. It may include additional revenue sources like car allowances, regular overtime pay, incentives, house rents and other monetary benefits received in every month.
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Private medical care can cost the world. Do you really want to pay it yourself, and can you afford to?

Most people see medical insurance as an additional expense. But they would never think of driving a car that is not insured. How important is a broken fender compared to the cure for an illness?

For every person that will eventually require specialist medical care, the need arises to consolidate and plan for the future. Although health insurance is usually bundled with overall life insurance policies, the truth is that you can often find services tailored to your personal needs.

Granted, that it is not everyone’s choice investment option – and it shouldnt be – but these policies provide you and your family with timely death or injury related compensation and in some opt-in cases, regular and uninterrupted income.

It is unfair to compare the yeild of an insurance policyto other mainstream investments, for the simple reason that an insurance policy is basically exactly what it says it is, an insurance policy, and the income generated is just an added feature. Instead approach it as a non-exuberant, parallel saving schemewithout seeing market performance and you will see that it is a useful tool.
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Your career is a direct result of hard work and a substantial investment of time and money. Doesn’t it make sense to fully protect it? A disability could render you helpless by taking away the one thing that you need to safeguard all of your assets: your income.

Home, auto, life, and health insurance are certainly valuable investments, but failure to couple them with disability insurance will jeopardize your full financial security. For example, health insurance might cover the potential fiscal pitfalls of the medical bills that result from a disability, but the rest of your financial obligations are not going to come to a halt. Vehicle payments, mortgages, insurance premiums, and even savings for the future are all important expenses that cannot be ignored just because you are disabled. Unfortunately, the chances of becoming disabled might be greater than you think.

According to the 1994 Statistical Abstract of the United States, in the course of a year, odds are that 1 in 10 people between the ages of 25 and 64 will suffer a disability. When comparing that ratio to the odds of being victim of a house fire (1 in 122); injured in an automobile accident (1 in 160); or even of death (1 in 117), the advantage of disability insurance is clear. A February 2000 article in the New York Times reported that 1 in 7 people between the ages of 35 and 60 will become disabled for five years or more.

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Disability Income Insurance protects your most valuable asset, your ability to earn an income. It’s easy to forget that your income is dependent on your ability to earn it.

When a disability leaves you unable to work for an extended length of time, you lose the ability to earn an income- the one thing you’ve always relied on to provide for yourself and your loved ones. Meanwhile, your living expenses continue-in fact, they’re likely to increase for a number of reasons.

You could need help around the house or have higher medical expenses, for example. That’s where disability insurance comes in. It’s designed to help you maintain your standard of living when you cannot work. If you don’t have much in the way of assets for a financial cushion, you need enough to cover costs and supplement your income until you can go back to work.

Individual disability insurance is truly a basic concept. It is an insurance product designed to replace anywhere from 60-70% of your gross income should a sickness or illness prevent you from earning an income in your occupation. All disability insurance quotes and coverage from every insurance company are very different; this is not a product to simply shop for the most competitive rate.

If you became sick or hurt and couldn’t work, how would you pay your bills? How would you maintain your living standard? If you’re like most people, your ability to get up each day and earn an income is one of your most valuable assets. Furthermore, your chances of becoming disabled at some time during your working career are probably higher than you would expect, so you also need more disability insurance information.

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Recent changes made by many travel insurers expand the cover offered by their policies in case of terrorist acts, but there’s a wide variation in what expenses are covered.

Many insurers reviewed the terms of their travel insurance policies and/or the way their policies are applied to specific events after terrorist attacks in early this decade. The definition of terrorism and the nature of cover for terrorism may vary from insurer to insurer.

It is worth taking the time to understand how terrorism is dealt with in your travel insurance policy if you are considering buying travel insurance for a future trip or you already have travel insurance and are about to travel or are considering canceling a trip because of the threat of terrorism.

Speaking of not being covered, if a policy you are considering says that it covers acts of terrorism but then has a huge laundry list of exceptions, you might want to look elsewhere. If you are considering buying a policy you should find out exactly what it does and what it does not cover by asking for a copy of the document and reading it carefully, paying particular attention to the exclusions or contacting the insurance company directly.

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If you do not have car insurance in place you will be driving your car illegally, and the consequences of this can be severe. It is therefore vital that you take out car insurance on your vehicle before you take it out on the road. The good news is that there are different levels of car insurance cover available, so you can find the right cover to suit most needs, circumstances, and budget. Its primary use is to provide protection against losses incurred as a result of traffic accidents.

It can be a daunting task, making sure you receive the right coverage for you and your car. There are three types of car insurance to choose from – comprehensive, third party fire and theft, and third party only.

Several factors influence the cost of car insurance quotes. Youth means inexperience in the motoring world, and can be a disadvantage whilst searching for inexpensive coverage. On the other hand, people over age 25 will often find that their car insurance premiums decrease greatly from their younger driving days.

An excess payment, also known as a deductible, is the fixed contribution you must pay each time your car is repaired through your auto insurance policy. Normally the payment is made directly to the accident repair garage when you collect the car. If your car is declared to be a write off, your insurance company will deduct the excess agreed on the policy from the settlement payment it makes to you.

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Term life insurance is the original form of life insurance and is considered to be pure insurance protection because it builds no cash value. It was developed to provide temporary life insurance protection on a limited budget. Term insurance is well suited for short-range goals such as life insurance coverage to pay off a loan, or providing extra life insurance protection during the child-raising years.

One of the biggest advantages of term life insurance is its lower initial cost in comparison to permanent life insurance. Term life insurance policies have no cash value accounts, policy loan provisions or other features typically found in permanent life insurance policies. With term life policies, you’re generally just paying for the death benefit, which is the lump sum payment your beneficiaries will receive if you die during the term of the policy.

Paying for life insurance hurts! But few can do without it. The key is to buy life insurance only for losses that you can not replace, such as your income. Avoid narrowly defined life insurance policies that only cover specific loss of life, such as accidents, plane crashes or cancer. You’re better off with insurance for any loss of life for a small increase in the life insurance quotes.

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No one likes to imagine that illness or death could compromise their family’s financial security. But, tragically and all too often, these things devastate families and leave them in a vulnerable financial position just when they need the most security.

Spending only a few hours preparing for such a scenario might save your family needless trouble. Once, only fathers needed to worry about this, but today with two-earner families comprising the majority of families, both partners should actively participate in planning to ensure financial security for themselves and their children.

At the very least, each partner should have a simple will specifying who will receive assets and who will take guardianship of the children. Financial professionals advise naming one person to control the financial assets and another person to take physical custody of the children. Although this is a good short-term solution, you should consult a lawyer as soon as possible, particularly if you have a lot of assets or there is disagreement in your extended family about who should serve as guardians for your children.

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