Income Protection Insurance Quotes

There are many kinds of insurance, which we may find in the insurance business. One of them, which is slightly different is the income protection insurance. This is an insurance which does not deal directly with the condition of the insurer, but it will deal with their income. When we have this insurance, we will have to deal with getting good income protection insurance quotes, so we will be able to get the best benefit. When you are dealing with the quotes, you should do a proper consideration. I will tell you a bit about these considerations.

Before we discuss further about the income protection insurance quotes, we have to know about this income protection insurance first. This is an insurance which works in ensuring your constant income even when you are not able to work because of certain causes. This will make you have a good income monthly, although you can work fully because of some obstacles. You need to pay a certain amount of money from your income and it will give you good constancy of income.

How to Get the Best Income Protection Insurance Quotes?

When we are dealing with these insurance quotes, we have to know the best way to get the best. The best income protection insurance quotes will provide us with the right coverage and effective coverage. The first thing that will become a good way for getting the right insurance is the length of the coverage will last. You have a range of coverage and it will happen to be something different when you get some injuries in working.

As you know that you may have injuries in your work, you should find out the extent of the coverage for the disablement. The disablement will depend on the certain policy which is given by the insurance provider. You need to see whether the extent of the disablement that will reach the risk which you will face in the work. I believe that different work will have different risk which should be good for the work.

You should find out how much which you get when you claim the insurance which you have purchased. The claim will be different in some occasions depend on the policy which is given by the insurance giver. When you know the best claim which provides you with the nicest sum of money for coverage, you should fill those income protection insurance quotes as well. Good coverage is the most things which matters when it comes to the insurance quotes.

The Importance of Income Protection Insurance

When it comes to the question how important these insurance quotes are, I think we have to know more about its benefits. You need to have one because this insurance will make you be able to overcome the unpredictable which may happen in your work. I assume that every work will have risk, so in order to keep good income and good stability of money in your bank account, you should get this insurance.

In dealing with the income protection insurance, you have to make some comparison from other insurance providers to the other ones. There are a lot of choices which you may find and you need to get it straight. You should not loathe going around the town and asking many managements which provide that services. You will get the most advantageous one which will give you satisfaction and less disappointment in the day when you are unable to produce income.

As you have understood more about the income protection insurance quotes, you should start taking your steps now. I recommend that you should get this insurance because you have to be preventive in life. Your wisdom lies in what should be done to make your life easier. This life is full of unpredictability and your job is to be ready for that thing. These quotes of income protection insurance should be based on your capability so you will not force you to apply it.

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Indonesian Over 50 Life Insurance Comparison

The elderly market in the future will be grow. Insurance companies in Indonesia have started to anticipate it. What financial protection that is suitable for the elderly? Almost very rarely do we hear of companies that specifically work on the segment of the elderly population. The company thought that the elderly is dry because they are no longer productive. The absence of earnings to make the financial ability of the elderly is far slumped compared to when they are still productive. But, for the businessman or company, there will always be opportunities behind the challenges. This condition has begun anticipated by insurance company, Cigna and AIA Financial. Both two insurance companies already have over 50 life insurance. The writer will discuss about over 50 life insurance comparison of the two companies.

AIA and Cigna

The first over 50 life insurance comparison is related to the time of product launch. Financial AIA launched a product named Senior AIA Life in 2013. Cigna had already been working on this segment. It's product named Cigna Second Life that was launched in 2010. Cigna attempt to offer financial protection for the elderly.

The second is related to insurance premiums. If it calculated daily, premium offered by AIA is quite cheap. Requirements of a customer are not burdensome because it is done without a medical examination. The policyholder can enjoy insurance protection of up to 99 or 100 years. Another benefit to the family if there is risk of death due to accident. Cigna charge lower insurance premiums which is Rp 10,000 per day for a period of at least once a month payment. If payments are made per year, Cigna gave intensive 10% discount.

Talk about over 50 life insurance comparison, both must have their own excellence. The benefits of the AIA are that this product is designed specifically for customers aged 50-70 years. It provides life and accident protection at a time. The insurance period of the product is lifetime. For those of you who want this program, you do not need to be afraid. This is done without any medical examination and medical questions. The amount of the premium does not rise until the end of the insurance period, despite your age increases.

The benefits of Cigna are receive insurance protection to more than 100 years of age. For the death benefit is a maximum, the total sum insured or the premium payment. Cigna provides consulting telemedical services. There is a discount of 5% for the husband/ wife and 10% for annual premium payments. You will get free accident insurance benefits amounting to fifty million for payment by credit card. That is over 50 life insurance comparison of AIA and Cigna.

The next over 50 life insurance comparison of AIA and Cigna is about the market segment. AIA Senior Life is an insurance product designed specifically for those who entered the golden age. The age group 50-70 years. You can go through a golden period calmly and comfortably. You have set up some funds for your beloved family when you are not able to be with them. So, you have made their quality of life is maintained to provide the best and prepare everything from now on.

Cigna Second Life is the first life insurance intended for the elderly with ages between 55 to 80 years. Your parents have given the whole affection, their best effort and hard work to protect you, their children. It is time for you to provide the best protection for them. If you do not choose the wrong insurance, this is where the over 50 life insurance comparison is needed.

That was an over 50 life insurance comparison between AIA and Cigna. There are a lot of things you need to consider to avoid regret later because of the wrong choice. Choose an insurance company that provides products according to what you need

Are you protected against flood damage?

Floods are the most common natural disaster that Washington residents face, and are a threat to life, property and public services. This year, waters in the Eastern Pacific are experiencing what promises to be the strongest El Niño recorded. While the actual effect El Niño will have on weather here in the Northwest is hard to predict, there is a potential for more precipitation. In Eastern Washington, where fires have scorched hundreds of thousands of acres, there will be an increased risk of flooding, landslides, and mudslides due to increased run-off after even moderate rains. 

Despite that, most Washington consumers are not protected--standard homeowner’s insurance does not cover flood damage. Flood insurance is available through the National Flood Insurance Program (NFIP), and offers protection against flood hazards for homeowners, business owners, condo owners and renters. The average residential flood claim exceeds $39,000, while the average flood insurance policy premium is $700 per year.

You don’t have to be in a flood hazard zone to be affected by a flood. People outside of mapped flood-risk areas file 20 percent of all flood insurance claims. See Myths and Facts about the NFIP. Another benefit of purchasing flood insurance is that a policy holder may file a claim regardless of the declaration of a disaster. Check to see if your community participates in NFIP.

Typically, there is a 30-day waiting period before your flood insurance policy takes effect. Here is information on how to find an agent near you who sells flood insurance policies.

The Insurance Commissioner’s website has information for consumers about floods and homeowner’s insurance, including things you should talk to your insurance agent about and tips for protecting your home and belongings. We also have tips for filing a claim after a natural disaster and how to find disaster resources.

The Washington Military Department’s Emergency Management Division provides a number of tools and guides to help you prepare:

• Hazards
• Publications - Washington State Military Department
• Neighborhoods

Flooding may be extensive this fall and winter. Here are some tips for preparing for the risk of flooding and mudslides: 

• Review your policy to make sure you have enough coverage. Things like fine art, jewelry and computer equipment may have limited coverage under a standard policy. But you can buy special coverage that gives you more protection for those types of items, called a rider. Contact your insurance agent or broker to ask about supplemental policies. 
• Catalog your home’s belongings in case you need to make an insurance claim. The National Association of Insurance Commissioners has a printable home inventory checklist or you can try free iPhone/iPad or Android apps. 
• Have an emergency kit and a family communication plan. Know the location of your valuable papers, including insurance policy and contact information, mementos and anything you can't live without, so you can evacuate with them, if needed. 
• Here's a list of recommended emergency supplies to keep on hand in the case of an evacuation. 
• Don’t forget about planning for your pets. Ready.gov has tips for pet owners. 

Consumers can seek help with their insurance or ask insurance-related questions by calling our consumer advocates at 1-800-562-6900 or contacting us online.

Should Couples Buy A 5 Room HDB Flat For Their First BTO Application?

Its election season again. I've been seeing a lot of people coming on Facebook to voice out their opinions and somehow, housing prices is still a hot topic. Is housing really that unaffordable and will it be worse in the future? Actually, if you ask me, I would think we actually have a lot of options in Singapore and its up to us to make our own choices. Some buy more expensive flats than others because of misinformed choices. Let's take a look in terms of buying a 5 room HDB flat or should we buy a smaller flat?

During the national day rally recently, it was announced by PM Lee that there will be more grants available to make HDB flats in Singapore more affordable. Now, couples can get up to $80,000 in grants from September 2015 sales launch. This is quite good news for those who are planning to buy their own flats from now onwards. However, this increase in grants does not apply for 5 Room Flat owners. Why is this so? Let's find out more about the enhanced grants in this post.

Different income levels and their eligible housing grants

A couple who wants to purchase their first home will most probably apply for a Built To Order (BTO) flat. The government has subsidized these flats and this is especially so for first time buyers. There are various grants available such as the additional housing grant and the special housing grant. The special housing grants was initially up to $20,000 but now it has been increased to a maximum of $40,000. Let's take a look at the cost of housing for 2, 3, 4 and 5 rooms flats in Singapore. What are the grants you will be eligible for your income bracket?

5 Room Flat not eligible for Special CPF Housing Grant

As mentioned earlier, the special CPF housing grant has been increased from $20,000 to $40,000. The special housing grant all along only applies to 2 room, 3 room and 4 room flats in non mature estates only. The grant has increased much more that a couple who buys a 5 room flat first would potentially lose out on $40,000 worth of grants assuming they have a combined income of less than $5000.  

If a couple choose to buy a 5 room flat as their first house, they will not be eligible for further grants when they decide to sell this house and buy another flat later on. 

Average Monthly Household Income of $1500 or less 

Have you heard that a household with an income of less than $1500 can own a HDB flat also? This is actually true as the grants has been increased substantially for this group of people. Total grants has been increased to $80,000 for households which have an income of less than $1500.

A 2 room flat in Punggol or Sembawang cost around $75,000 to $113,000 from the May 2015 BTO exercise. After deducting the grants of $80,000, this household can actually get the flat for free or just a low fraction of the cost. 

Average Monthly Household Income of $1500-$3500

Couples who just got married and earn $1000 plus each or those with single household income should fall within the $1500-$3500 range. They can get total grants in the range of $60,000 to $75,000. 

A 3 room flat in non mature estates cost around $152,000 to $211,000 from the May 2015 BTO exercise. It will be quite affordable for this group of people after deducting the grants of $60,000 to $75,000. The 3 room flat would only cost about $130,000 plus. 

Average Monthly Household Income of $4500-$8500

Even if your family income is as high as $8500, you will still be eligible for grants. A household with $4500 average income will still get grants of $45,000. 

For more information on the various revised grants, you can check out HDB's website here: http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/BuyingNewFlatSHG?OpenDocument 

Let me summarise the special CPF grants available:

Income of $5000 or lesser: $40,000
Income of $5001-$5500: $35,000
Income of $5501-$6000: $30,000
Income of $6001-$6500: $25,000
Income of $6501-$7000: $20,000
Income of $7001-$7500: $15,000
Income of $7501-$8000: $10,000
Income of $8001-$8500: $5000

The new grants should be warmly welcomed by most couples who intend to buy a BTO flat. Housing prices are expensive but as long as we buy a flat which is within our reach, all of us will still be able to buy our own property instead of renting one. 

The newly revised special CPF housing grants will not be applicable for 5 Room flat buyers where they will lose out potentially on additional $40,000 worth of grants. 

There are also enhanced grants available for resale flat buyers which I will discuss on in the next post.

Read on grants for resale flats here: Knowing The Grants Available For Resale Flats [With new Proximity Housing Grant]

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Related Posts:

1. How much money does a couple need to earn in order to afford a $300,000 HDB flat?

2. How much money is needed to get married and start a family in Singapore?

What Is Whole Life Insurance and Why Do We Need It?

Life is full of surprises and it always makes us feel many emotions that we love or do not love. The surprises which are given by are not always pleasing because sometimes we get a terrible accident in our lives too. This terrible accident may cost us a bad finance when we do not have a good preparation. When we need a good preparation for facing the unpredictable character of life, many people will choose to encounter their unpredictable fates by having the whole life insurance. What is whole life insurance? I think that it is best for us to discuss it in more comprehensive discussion.

What Is Whole Life Insurance?

The first essential discussion understands the whole life insurance. What is whole life insurance? The whole life insurance is a permanent insurance, which comes with varieties of premium. This insurance aims at giving a fine guarantee when you are no longer able to produce any income for your family or the worst case. Many people who invest in this insurance really love their relatives or their beloved ones because this insurance for ensuring their future.

That description will not be enough to answer the question. The other elaboration that relates to this whole life insurance is the insurance will be paid with gradual premiums. The premiums which are paid will be changed over time. The biggest premiums occur in the first stage or the beginning of the payments. The insurance agent will not take a risk of giving great supply without great income in the first time because they believe that death and accidents can happen at any time.

We need to know that this whole life insurance has some kinds of mature time. The maturing time is the time when the insurance will be given to you or to your beloved one. This mature time happens when you live longer more than what you and the company have expected. The most common mature time, which is applied by many insurance companies is about 100 years old to 120 years old. The other case for the return of the insurance is when you are deceased or cannot acquire any profit. This is what whole life insurance is.

We will have the money back when we are extremely old or we are in the afterlife, but in the special request of the insurer. The insurer is able to ask for the return when they get certain accidents such as accidents that happen from the road accident that causes disability. That is the question of what is insurance for a whole life.

The Amazing Advantages that You Get From Whole Life Insurance

The business in the life insurance is still running because there are great advantages and benefits which are acquired by those who apply the insurance. As we have seen from what is whole life insurance, we get some good points of advantages and benefits. The first benefit that we have is the guarantee of a better future. This better future is given to our beloved one such as children, grandchildren, or other people, which you are considered as the most important one that deserve the insurance.

For the application of the benefits of this whole life insurance, I will mention some examples of it. The benefits of this insurance are forgiving support for fulfilling the daily need through giving monthly funds for that needy. For educational case, the funds from insurance can be allocated for giving educational fund that will pay for your child's school. What is whole life insurance? I believe you know it clearly now.

You understand what is whole life insurance and why do we need it. The understanding of the what is all life insurance will make you know how important it is for you. You better start your plans for it and choose the right allocations for it.

Consumer alert: If your insurance cancels your policy, you may have a hard time finding new coverage for a while

We recently received a call from a consumer who had paid the most recent homeowner insurance premium online, but the insurance company canceled the policy. When the consumer called the insurer to sort it out, the insurer said they are not issuing any policies because of the wildfires around the state.

The consumer called us, and we are working with the company to make sure the consumer has the coverage they paid for.

It is not uncommon for property insurers – they insure cars, buildings, homes, property and renters’ contents – to suspend issuing new policies during a natural disaster. President Obama issued an emergency declaration for Washington on Aug. 21. As of today, more than 920,000 acres have burned in our state.

This scenario underscores the need to be vigilant about the information your insurance sends you. Insurers are required to tell you in writing if they are canceling your policy for any reason, including nonpayment. Many homeowners don’t think about their insurance payments because they are rolled into your mortgage payment. If you have multiples insurance policies with the same company, it’s common for all of your premiums to be paid at the same time. For example, if you insure two cars and an RV through the same company, you probably pay for all three at once.

If your insurance company contacts you by mail, phone or email, you should carefully read what they send you. If you are unsure about the standing of your policies, contact your insurance company, agent or broker.

If you can't find homeowner insurance, ask your agent to get a quote through the Washington Washington FAIR (Fair Access to Insurance Requirements) Plan. It provides basic property insurance up to $1.5 million to people who can't get coverage.

If you feel you have been treated unfairly or have questions about insurance in Washington state, contact our consumer advocates online or by phone at 1-800-562-6900.