This document provides tips and considerations for choosing a cash-back or travel rewards credit card. It discusses lesser-known card benefits like extended warranties, purchase protection, luggage reimbursement, rental car coverage, and concierge services. It also discusses strategies for negotiating salary in a tough job market, such as leaving salary requirements blank on applications and not discussing previous salary in interviews. The final section provides tips for estimating factors to determine your retirement number, such as using a 4.5% inflation assumption and 4-5% investment return rates.
IICF Social Media 2.0 for Insurance Professionalsmaduncan34
Social media has transformed the ways in which we connect with friends and family. It has also opened new horizons for brand management, employee interaction and customer engagement. Social media is an ever-evolving medium that has changed the landscape of today’s business world. The Insurance Industry Charitable Foundation invites you join in our exploration of the uses, opportunities, risks and legalities of social media and its application for the insurance industry.
The document discusses how utilizing true competition when procuring insurance can save companies on average 33% on their premiums. It explains that the insurance product is inherently adverse to competition due to brokers having relationships with many carriers and the complex nature of insurance. It argues that companies should understand these relationship costs and utilize consultants to establish benchmarks, carefully evaluate bids, and conduct negotiations to maximize savings and advocacy.
There is a similarity between interest coverage and debt-equity ratios as metrics for evaluating bond safety. Both look at a company's ability to meet its debt obligations based on its profitability and financial position.
Specifically:
- Interest coverage evaluates a company's ability to pay interest expenses by looking at how many times earnings cover interest. A higher interest coverage ratio indicates more ability to pay debts.
- Debt-equity ratio evaluates the proportion of debt vs equity/assets on the balance sheet. A lower debt-equity ratio indicates less reliance on debt and more cushion of equity to absorb losses.
So both metrics essentially aim to assess the margin of safety - how much cushion a company has based on profits/assets to continue serv
1) Watch out for charity scams related to disasters and do research before donating. Check with organizations like the BBB or Charity Navigator to verify charities.
2) Do some research on charities by looking at their IRS Form 990 filings on sites like GuideStar. Ask charities specifically how donations will be used.
3) Make donations to qualified U.S. charities to claim tax deductions. Keep records of donations of $250 or more for tax purposes. Pledges must be paid by the end of the year to count for that year's taxes.
1. The document provides tips on how to sell a business, including educating yourself on the process, analyzing your business to understand its value, and considering tax and legal structures.
2. It recommends discreetly contacting potential buyers through a third party, negotiating a heads of terms agreement, and conducting thorough due diligence.
3. The final steps include signing contracts, completing the sale, and deciding what to do next with the proceeds and your life after selling your business.
The document provided is the August 2009 issue of the IRDA Journal. It contains statistics on the first year premium and number of policies/lives covered for 10 major life insurance companies in India for the period ending June 2009. Some key highlights from the data include Bajaj Allianz leading in individual non-single premium with Rs. 193.89 crores and 146,193 policies. ICICI Prudential led in overall premium across categories with Rs. 258.69 crores for individual and Rs. 34.37 crores for group non-single premium. The issue also contained articles on best practices in insurance and developments in the Indian insurance industry.
My girls and I spent time together. We enjoyed each other's company and created happy memories. Our bond and the moments we shared are something I will always cherish.
IICF Social Media 2.0 for Insurance Professionalsmaduncan34
Social media has transformed the ways in which we connect with friends and family. It has also opened new horizons for brand management, employee interaction and customer engagement. Social media is an ever-evolving medium that has changed the landscape of today’s business world. The Insurance Industry Charitable Foundation invites you join in our exploration of the uses, opportunities, risks and legalities of social media and its application for the insurance industry.
The document discusses how utilizing true competition when procuring insurance can save companies on average 33% on their premiums. It explains that the insurance product is inherently adverse to competition due to brokers having relationships with many carriers and the complex nature of insurance. It argues that companies should understand these relationship costs and utilize consultants to establish benchmarks, carefully evaluate bids, and conduct negotiations to maximize savings and advocacy.
There is a similarity between interest coverage and debt-equity ratios as metrics for evaluating bond safety. Both look at a company's ability to meet its debt obligations based on its profitability and financial position.
Specifically:
- Interest coverage evaluates a company's ability to pay interest expenses by looking at how many times earnings cover interest. A higher interest coverage ratio indicates more ability to pay debts.
- Debt-equity ratio evaluates the proportion of debt vs equity/assets on the balance sheet. A lower debt-equity ratio indicates less reliance on debt and more cushion of equity to absorb losses.
So both metrics essentially aim to assess the margin of safety - how much cushion a company has based on profits/assets to continue serv
1) Watch out for charity scams related to disasters and do research before donating. Check with organizations like the BBB or Charity Navigator to verify charities.
2) Do some research on charities by looking at their IRS Form 990 filings on sites like GuideStar. Ask charities specifically how donations will be used.
3) Make donations to qualified U.S. charities to claim tax deductions. Keep records of donations of $250 or more for tax purposes. Pledges must be paid by the end of the year to count for that year's taxes.
1. The document provides tips on how to sell a business, including educating yourself on the process, analyzing your business to understand its value, and considering tax and legal structures.
2. It recommends discreetly contacting potential buyers through a third party, negotiating a heads of terms agreement, and conducting thorough due diligence.
3. The final steps include signing contracts, completing the sale, and deciding what to do next with the proceeds and your life after selling your business.
The document provided is the August 2009 issue of the IRDA Journal. It contains statistics on the first year premium and number of policies/lives covered for 10 major life insurance companies in India for the period ending June 2009. Some key highlights from the data include Bajaj Allianz leading in individual non-single premium with Rs. 193.89 crores and 146,193 policies. ICICI Prudential led in overall premium across categories with Rs. 258.69 crores for individual and Rs. 34.37 crores for group non-single premium. The issue also contained articles on best practices in insurance and developments in the Indian insurance industry.
My girls and I spent time together. We enjoyed each other's company and created happy memories. Our bond and the moments we shared are something I will always cherish.
Customer Bulletin 0515 A Comparison of ISO ISO-C1 and HT-300Dyplast Products
This document provides a comparison of two polyisocyanurate insulation materials, ISO-C1 and HT-300. ISO-C1 is manufactured in the US using pentane blowing agent, while HT-300 is manufactured outside the US using HCFC blowing agent. Physical properties of ISO-C1 have been independently verified, while verification of HT-300 properties could not be found. ISO-C1 generally has better properties such as lower water vapor permeability, higher flame/smoke ratings, and better dimensional stability. The document concludes that while HiTherm claims HT-300 meets standards, its published data shows it does not meet all requirements of ASTM C591-13.
Joey dresses up as a superhero for a costume contest by putting on a mask and cape. He thinks his costume is the best and that he is sure to win. However, his mom asks him to watch his little sister Mindy at the party. Joey complains that superheroes don't have kid sisters but his mom insists this superhero does. Joey finds a baby blanket and uses it to turn Mindy into Supergirl so they can go to the party together, where they win first prize as a superhero team.
The document expresses a deep dependence on God for life, sustenance, and direction. It repeats that God's presence and word are what the speaker breathes like air and eats like bread, and that without God they are desperate and lost.
This document provides wiring and installation instructions for an Easytalk intercom device. It includes details on connecting the alarm input, technical specifications, order codes, button functions, and dimensions. Pin 1 is for the voice/alarm line, pin 2 is for 10-30V power, pin 3 is the alarm input, and pin 4 is ground. The alarm beep will sound on all connected devices if the pin 3 input is activated. Proper wiring and an external 3A fuse are required. Easytalk has an IP65 rating and operates from -20°C to 60°C.
The convergence of high energy prices,
global warming potential, general environmental
pollution, home-grown energy imperatives,
and green energy possibilities has
created opportunities that far-sighted companies
can capture and the public expects.
Customer Bulletin 0310 A Comparison of ISO-C1 Polyisocyanurate Insulation to ...Dyplast Products
This Customer Bulletin is another in a series of white papers aimed at providing our clients,
engineers, contractors, fabricators, and friends with objective information on competitive
products. Marketing literature on the internet and in printed media address the physical and
performance characteristics of polyisocyanurate rigid foam (ISO) and extruded polystyrene
insulation (XPS). As is often the case, some literature can be misleading and/or in some cases
there may not be sufficient information to credibly compare products. This Customer Bulletin
provides factual, clarifying information which should allow for an objective comparison of
Dyplast’s ISO-C1® with the competing XPS Billet product.
List Bazaar 2012 How and Why of Merge Purgejimplaw1
Process of combining lists and removing duplicates to create a clean mailing list. It prevents mailing the same person multiple times and identifies the most unique and potentially highest performing lists. Highest percentage of unique records on a list generally correlates with highest ROI. Service bureaus can help effectively merge and purge lists in 3-5 business days.
Technical Bulletin 1128A Mechanical Insulation In Typical Refrigeration Appli...Dyplast Products
The document discusses key considerations for selecting insulation materials for refrigeration applications. It states that thermal conductivity (k-factor) and water vapor transmission (WVT) are the most important properties to consider, as they significantly impact energy costs and system performance over the life of the insulation. Polyisocyanurate insulation has the best combination of k-factor and WVT compared to other common insulants like extruded polystyrene and fiberglass. While capital costs are a factor, prioritizing k-factor and WVT will reduce operating costs and risks of failure in the long run.
Customer Bulletin 0410 A Comparison of ISO-C1 and HT-300Dyplast Products
This Customer Bulletin is part of a series of white papers aimed at providing our clients, engineers, contractors, fabricators, and friends with objective information on competitive products. Marketing literature on the internet and in printed media address the physical and performance characteristics of competing polyisocyanurate rigid foam insulations fabricated from bunstock. As is often the case, some literature can be misleading and/or in some cases there may not be sufficient information to credibly compare products. This Customer Bulletin provides factual, clarifying information which should allow for an objective comparison of Dyplast’s ISO-C1® with HiTherm’s HT-300 (each 2 lb/ft3 density).
Customer Bulletin 0611 Insulant Impact on Corrosion in Steel Piping Applicati...Dyplast Products
Corrosion is defined by the National Association of Corrosion Engineers as “the deterioration of a material, usually a metal, by reaction with its environment.” Corrosion under insulation (CUI) is not a distinct form of corrosion; rather it refers to the location where pipe wall material deterioration is occurring—underneath the insulation material and on the external surfaces of piping. CUI (and the corrosion of metal jackets and banding which is not addressed herein) is a recognized problem that must be addressed by designers, specifiers, and end-users. CUI can occur under any type of thermal insulation. The type of corrosion will depend on the metallurgy of the pipe as well as the mix of corrosive elements - - understanding that corrosive elements can be introduced during pipe production, pipe shipping/storage, installation, insulation contact, process liquid contact, weather, or other environmental influences.
The document is a poem that discusses sacrificing all to God in order to find peace. It repeats the line "Is your all on the altar of sacrifice laid?" throughout, emphasizing the point that true peace can only be found by yielding one's entire body and soul to God's control and laying everything on the altar. Surrendering completely to God is the only way to receive his blessings of fellowship, happiness, and rest.
This Shakespearean scene from Romeo and Juliet takes place in the morning after Romeo and Juliet's wedding night in the Capulet orchard. Romeo does not want to leave Juliet but must depart for Mantua as the sun rises. Juliet begs him to stay but he insists it is too dangerous. They express their sorrow at their impending separation. The Nurse interrupts to warn Juliet that her mother is coming, so Romeo departs. Lady Capulet then informs Juliet she has been married to Paris. Juliet refuses and says she will only marry Romeo. Lady Capulet and Capulet are angered by Juliet's refusal of Paris.
Income insurance and income protection insurance provide income if you lose your job or become unable to work due to illness or accident. Income protection insurance pays out for longer periods, up to retirement age if incapacitated, while income insurance pays out for shorter periods up to 2 years if unemployed. Factors like age, health history, smoking status, gender and occupation determine premium costs. Income protection allows peace of mind in continuing mortgage and bill payments if income is lost.
Wall Street Journal- Growing Appeal Of Disability Insurancegreglarge
Disability insurance sales are rising as more affordable "guaranteed renewable" policies become popular. These policies are growing at 8% annually and allow employers to offer private disability coverage to workers for 20% less than individual policies. While these policies provide less protection than older noncancelable policies, they are significantly cheaper. The growing appeal also stems from more employers offering private disability plans to workers and rising disability rates as the workforce ages and lives longer with chronic illnesses.
Income protection insurance provides payments if you are unable to work due to illness or injury. Most policies pay 75% of your salary for 12-24 months after a waiting period of 31-90 days. Shopping with an income protection specialist allows you to get the best coverage details. While the industry has faced criticism, comparisons tables coming in 2009 should make selecting policies easier by standardizing questions asked of different providers. For now, working with a standalone specialist is the safest option to ensure desired coverage details and quality protection.
Car insurance is one of the most common bills that most households are required to pay. According to InsuranceUSA.com, an online insurance marketplace, car insurance is the most widely purchased type of insurance coverage because automobile drivers are required to have car insurance almost everywhere. Below are some tips that may help you save on this expense.
The document discusses how a car insurance calculator can help estimate insurance premiums. It notes that premiums depend on many factors like coverage details, the car's age and type, and location. The calculator asks for information like registration date, car details, driver information, and coverage start date to provide a customized premium estimate. Additional optional coverage can increase premiums but provide extra protection. The calculator aims to simplify the process of comparing policy costs and options for customers.
This newsletter discusses employee share schemes, protecting small businesses, and considerations for summer holidays. Regarding employee share schemes, the article reviews Share Incentive Plans and Save As You Earn share options that provide tax benefits to employees when purchasing company shares. It also suggests small business owners focus on cash flow, business credit reports, and management accounts to protect their business during economic downturns. Finally, it recommends purchasing travel insurance and considering mobile phone costs and fuel prices when planning summer holidays.
Employee share schemes can offer tax benefits for employees when they buy or are given shares in their employer. Two common types are Share Incentive Plans which provide tax relief for free or matching shares, and Save As You Earn share option schemes which allow employees to save towards discounted share options. Small businesses can take steps to protect themselves during economic downturns such as monitoring cash flow, checking the financial status of business partners, and using management accounts to analyze performance. When planning summer holidays, consider purchasing travel insurance and being aware of new EU mobile phone roaming charge caps to help budget costs.
Customer Bulletin 0515 A Comparison of ISO ISO-C1 and HT-300Dyplast Products
This document provides a comparison of two polyisocyanurate insulation materials, ISO-C1 and HT-300. ISO-C1 is manufactured in the US using pentane blowing agent, while HT-300 is manufactured outside the US using HCFC blowing agent. Physical properties of ISO-C1 have been independently verified, while verification of HT-300 properties could not be found. ISO-C1 generally has better properties such as lower water vapor permeability, higher flame/smoke ratings, and better dimensional stability. The document concludes that while HiTherm claims HT-300 meets standards, its published data shows it does not meet all requirements of ASTM C591-13.
Joey dresses up as a superhero for a costume contest by putting on a mask and cape. He thinks his costume is the best and that he is sure to win. However, his mom asks him to watch his little sister Mindy at the party. Joey complains that superheroes don't have kid sisters but his mom insists this superhero does. Joey finds a baby blanket and uses it to turn Mindy into Supergirl so they can go to the party together, where they win first prize as a superhero team.
The document expresses a deep dependence on God for life, sustenance, and direction. It repeats that God's presence and word are what the speaker breathes like air and eats like bread, and that without God they are desperate and lost.
This document provides wiring and installation instructions for an Easytalk intercom device. It includes details on connecting the alarm input, technical specifications, order codes, button functions, and dimensions. Pin 1 is for the voice/alarm line, pin 2 is for 10-30V power, pin 3 is the alarm input, and pin 4 is ground. The alarm beep will sound on all connected devices if the pin 3 input is activated. Proper wiring and an external 3A fuse are required. Easytalk has an IP65 rating and operates from -20°C to 60°C.
The convergence of high energy prices,
global warming potential, general environmental
pollution, home-grown energy imperatives,
and green energy possibilities has
created opportunities that far-sighted companies
can capture and the public expects.
Customer Bulletin 0310 A Comparison of ISO-C1 Polyisocyanurate Insulation to ...Dyplast Products
This Customer Bulletin is another in a series of white papers aimed at providing our clients,
engineers, contractors, fabricators, and friends with objective information on competitive
products. Marketing literature on the internet and in printed media address the physical and
performance characteristics of polyisocyanurate rigid foam (ISO) and extruded polystyrene
insulation (XPS). As is often the case, some literature can be misleading and/or in some cases
there may not be sufficient information to credibly compare products. This Customer Bulletin
provides factual, clarifying information which should allow for an objective comparison of
Dyplast’s ISO-C1® with the competing XPS Billet product.
List Bazaar 2012 How and Why of Merge Purgejimplaw1
Process of combining lists and removing duplicates to create a clean mailing list. It prevents mailing the same person multiple times and identifies the most unique and potentially highest performing lists. Highest percentage of unique records on a list generally correlates with highest ROI. Service bureaus can help effectively merge and purge lists in 3-5 business days.
Technical Bulletin 1128A Mechanical Insulation In Typical Refrigeration Appli...Dyplast Products
The document discusses key considerations for selecting insulation materials for refrigeration applications. It states that thermal conductivity (k-factor) and water vapor transmission (WVT) are the most important properties to consider, as they significantly impact energy costs and system performance over the life of the insulation. Polyisocyanurate insulation has the best combination of k-factor and WVT compared to other common insulants like extruded polystyrene and fiberglass. While capital costs are a factor, prioritizing k-factor and WVT will reduce operating costs and risks of failure in the long run.
Customer Bulletin 0410 A Comparison of ISO-C1 and HT-300Dyplast Products
This Customer Bulletin is part of a series of white papers aimed at providing our clients, engineers, contractors, fabricators, and friends with objective information on competitive products. Marketing literature on the internet and in printed media address the physical and performance characteristics of competing polyisocyanurate rigid foam insulations fabricated from bunstock. As is often the case, some literature can be misleading and/or in some cases there may not be sufficient information to credibly compare products. This Customer Bulletin provides factual, clarifying information which should allow for an objective comparison of Dyplast’s ISO-C1® with HiTherm’s HT-300 (each 2 lb/ft3 density).
Customer Bulletin 0611 Insulant Impact on Corrosion in Steel Piping Applicati...Dyplast Products
Corrosion is defined by the National Association of Corrosion Engineers as “the deterioration of a material, usually a metal, by reaction with its environment.” Corrosion under insulation (CUI) is not a distinct form of corrosion; rather it refers to the location where pipe wall material deterioration is occurring—underneath the insulation material and on the external surfaces of piping. CUI (and the corrosion of metal jackets and banding which is not addressed herein) is a recognized problem that must be addressed by designers, specifiers, and end-users. CUI can occur under any type of thermal insulation. The type of corrosion will depend on the metallurgy of the pipe as well as the mix of corrosive elements - - understanding that corrosive elements can be introduced during pipe production, pipe shipping/storage, installation, insulation contact, process liquid contact, weather, or other environmental influences.
The document is a poem that discusses sacrificing all to God in order to find peace. It repeats the line "Is your all on the altar of sacrifice laid?" throughout, emphasizing the point that true peace can only be found by yielding one's entire body and soul to God's control and laying everything on the altar. Surrendering completely to God is the only way to receive his blessings of fellowship, happiness, and rest.
This Shakespearean scene from Romeo and Juliet takes place in the morning after Romeo and Juliet's wedding night in the Capulet orchard. Romeo does not want to leave Juliet but must depart for Mantua as the sun rises. Juliet begs him to stay but he insists it is too dangerous. They express their sorrow at their impending separation. The Nurse interrupts to warn Juliet that her mother is coming, so Romeo departs. Lady Capulet then informs Juliet she has been married to Paris. Juliet refuses and says she will only marry Romeo. Lady Capulet and Capulet are angered by Juliet's refusal of Paris.
Income insurance and income protection insurance provide income if you lose your job or become unable to work due to illness or accident. Income protection insurance pays out for longer periods, up to retirement age if incapacitated, while income insurance pays out for shorter periods up to 2 years if unemployed. Factors like age, health history, smoking status, gender and occupation determine premium costs. Income protection allows peace of mind in continuing mortgage and bill payments if income is lost.
Wall Street Journal- Growing Appeal Of Disability Insurancegreglarge
Disability insurance sales are rising as more affordable "guaranteed renewable" policies become popular. These policies are growing at 8% annually and allow employers to offer private disability coverage to workers for 20% less than individual policies. While these policies provide less protection than older noncancelable policies, they are significantly cheaper. The growing appeal also stems from more employers offering private disability plans to workers and rising disability rates as the workforce ages and lives longer with chronic illnesses.
Income protection insurance provides payments if you are unable to work due to illness or injury. Most policies pay 75% of your salary for 12-24 months after a waiting period of 31-90 days. Shopping with an income protection specialist allows you to get the best coverage details. While the industry has faced criticism, comparisons tables coming in 2009 should make selecting policies easier by standardizing questions asked of different providers. For now, working with a standalone specialist is the safest option to ensure desired coverage details and quality protection.
Car insurance is one of the most common bills that most households are required to pay. According to InsuranceUSA.com, an online insurance marketplace, car insurance is the most widely purchased type of insurance coverage because automobile drivers are required to have car insurance almost everywhere. Below are some tips that may help you save on this expense.
The document discusses how a car insurance calculator can help estimate insurance premiums. It notes that premiums depend on many factors like coverage details, the car's age and type, and location. The calculator asks for information like registration date, car details, driver information, and coverage start date to provide a customized premium estimate. Additional optional coverage can increase premiums but provide extra protection. The calculator aims to simplify the process of comparing policy costs and options for customers.
This newsletter discusses employee share schemes, protecting small businesses, and considerations for summer holidays. Regarding employee share schemes, the article reviews Share Incentive Plans and Save As You Earn share options that provide tax benefits to employees when purchasing company shares. It also suggests small business owners focus on cash flow, business credit reports, and management accounts to protect their business during economic downturns. Finally, it recommends purchasing travel insurance and considering mobile phone costs and fuel prices when planning summer holidays.
Employee share schemes can offer tax benefits for employees when they buy or are given shares in their employer. Two common types are Share Incentive Plans which provide tax relief for free or matching shares, and Save As You Earn share option schemes which allow employees to save towards discounted share options. Small businesses can take steps to protect themselves during economic downturns such as monitoring cash flow, checking the financial status of business partners, and using management accounts to analyze performance. When planning summer holidays, consider purchasing travel insurance and being aware of new EU mobile phone roaming charge caps to help budget costs.
Clever managers can overcome problems caused by asymmetric information through strategic signaling and screening measures. For example, if sales of a product are dropping, special offers like extended warranties or discounts can act as signals to customers about the quality of the product. Screening strategies are also used, such as seeking references from other users when purchasing expensive equipment with no past experience. Insurance companies employ coinsurance and deductibles to mitigate moral hazard, where policyholders take on undue risks since costs are not fully borne by them. Coinsurance refers to the percentage a policyholder pays after the insurer pays its portion of a claim. Deductibles require the policyholder to pay an initial amount out-of-pocket before insurance coverage begins.
Ken Widelka provides tips for non-profit financial management and navigating turbulent times. He discusses working with auditors, implementing risk management policies, and a survey showing most non-profits expect difficult conditions in 2011. The document then lists 21 ways for non-profits to better manage business costs such as centralizing purchasing, reducing paperwork, negotiating prices, reviewing contracts for automatic renewals, using generic products, and investigating insurance renewal timelines.
This document provides an overview of various types of commercial insurance policies and concepts, including:
- Commercial Package Policies that bundle various coverage parts like general liability, property, and business income.
- The distinction between first-party insurance that pays the policyholder, and third-party insurance that pays others.
- The importance of reading the policy (RTFP) to understand what is and isn't covered, including any sub-limits or exclusions.
- Differences between excess policies, umbrellas, towers of coverage, and how policies may follow-form or have standalone terms.
- Concepts of self-insurance, large deductible plans, captives, reinsurance, fronting
The document discusses the rationale for forming captive insurance companies. It provides several key benefits of captives including: 1) providing insurance coverage for risks that are unavailable or unaffordable in the commercial market; 2) allowing businesses to deduct insurance premium payments which provides tax savings; 3) giving businesses more control over their insurance programs and claims handling. Overall, captives help businesses better manage their risks at a lower cost compared to traditional commercial insurance.
8 Tips for Avoiding Insolvency Land MinesJames Baer
This document provides 8 tips for avoiding insolvency issues:
1. Budget for future payables such as payroll, taxes, and retirement to avoid personal liability issues.
2. Consider obligations like severance, vacation pay, and insurance which could damage reputation if unpaid.
3. Conduct thorough analysis of funds to cover projected costs and ensure management accurately portrays financial obligations.
It then discusses each tip in more detail, focusing on issues like personal guarantees, priority of payments, regulatory compliance, litigation risks, record keeping, and realistically assessing time remaining.
Insurance companies are great at acquisition but bad at retention. Jack Morton offers our unique POV and 5 ways insurance brands can keep more customers.
This document discusses commercial umbrella liability insurance. It provides the following key points in 3 sentences:
Umbrella policies provide liability coverage over primary policies like general liability and auto liability, sitting above underlying policy limits to provide additional coverage. They offer higher coverage limits at a more affordable cost than buying those limits separately. True umbrella policies may also cover claims not covered by primary policies, but many policies labeled as "umbrellas" are actually excess policies that only provide coverage if the underlying policy also covers it.
The document discusses protecting fine art collections from loss. It notes that transit is a major risk as art is moved between locations. Catastrophic events also pose risks to art collections. The author interviews an expert who notes the importance of properly insuring art for its appraised value and obtaining documentation of authenticity and provenance to prove ownership if a loss occurs.
This document discusses important things for business owners to consider when reviewing their insurance coverage. It outlines 11 key points to check, such as accurately describing your business activities, ensuring property addresses are correct, having adequate security, and setting appropriate liability limits. The document stresses getting the right level of coverage for items like contents, loss of income, equipment inspections, and staff travel. It advises business owners to prepare an asset register, read their insurance documents carefully, and request a free review from an insurance broker to ensure they have the insurance protection needed for their specific business needs.
Successfully Reducing Insurance Costs
By Mel Feller, MPA, MHR
Mel Feller Seminars, Coaching For Success 360 Inc. /Mel Feller Coaching
Have you looked at your insurance costs lately? Chances are, your costs have gone up even if your coverage has remained the same. Insurance inflation is a hidden danger because you do not always pay those bills every month or pay them directly. In addition, when they do rise, there seems to be no practical way to control them. Let’s look at some major insurance categories to see where cost-cutting might be possible.
Want to understand what products to buy to insure against outliving your money? Want to learn more about how to purchase a DIA? Use this Abaris guide to better understand the options available and whether you should think about buying a DIA.
Deferred income annuities are a useful tool for protecting your retirement savings , against longevity risk. Longevity risk is the risk that you live a lot longer than you expect, therefore outliving your money. So how do DIAs work? Let’s break it down. The deferred part means that after you pay the premium to purchase your annuity there will be a period ranging from a year to several years before you begin receiving income. The income part refers to the promise of an annuity to provide you with a fixed paycheck, received monthly or yearly. Finally, the annuity aspect refers to the insurance company’s promise to continue sending payments for as long as you live.
The deferral period, the time between purchase and payments, must be at least 1-2 years, but is often much longer. A 55 year old who purchases a DIA might defer payments until age 80-85. Why the wait? The longer you defer payments, the longer the insurance company has to invest your money, and the more it will grow, and the more the insurance company is willing to promise you. Additionally, the longer you stave off receiving payments, the more confident the insurance company is that they won’t have to pay you for too long, so the better price you’ll get.
Though the concept behind a deferred income annuity isn’t new, its sales have just begun to takeoff. In 2011, there was only one annuity provider selling a premium volume of about $50 million. By 2014, the premium volume rose to $2.7 billion and the number of providers jumped to 13. Through the Abaris platform, you have access to a number of insurers: MassMutual, AIG, Principal Financial Group, Lincoln Financial Group, Guardian, Symetra, Americo, and Pacific Life. The products offered by these insurers vary, in terms of price, flexibility of premium payment, ability to commute value, and many more aspects. Whatever the differences, though, reputable authorities, including The Wall Street Journal, The New York Times, CNN Money, and Barron’s, have all sung the praises of a DIA, sighting its simplicity, security, and better pricing for you, in terms of premium and payments.
DIAs are a powerful tool, but they’re not necessarily right for everyone. What makes for a good fit? If you’re age 45-65, pre-retirement or in early retirement, in at least average health, don’t need to access the money from the annuity income immediately, have no pension, have basic expenses greater than your Social Security can cover, and want a simpler annuity then chances are you’re a good fit. In addition to these attributes, a good candidate for a DIA can say with surety that they won’t need access to the money spent on the premium, as the product has no cash or redemption value.
There are several steps one can take to obtain the cheapest car insurance. Installing anti-theft devices can lower premiums, as can taking defensive driving courses which signal being a safer driver. Bundling home and auto policies from one provider, raising deductibles, and insuring teen drivers with good grades in economical cars can also reduce costs. If high-risk, a state-provided minimum policy may be the most affordable option.
Discovering Delhi - India's Cultural Capital.pptxcosmo-soil
Delhi, the heartbeat of India, offers a rich blend of history, culture, and modernity. From iconic landmarks like the Red Fort to bustling commercial hubs and vibrant culinary scenes, Delhi's real estate landscape is dynamic and diverse. Discover the essence of India's capital, where tradition meets innovation.
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
How to Invest in Cryptocurrency for Beginners: A Complete GuideDaniel
Cryptocurrency is digital money that operates independently of a central authority, utilizing cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are decentralized and typically operate on a technology called blockchain. Each cryptocurrency transaction is recorded on a public ledger, ensuring transparency and security.
Cryptocurrencies can be used for various purposes, including online purchases, investment opportunities, and as a means of transferring value globally without the need for intermediaries like banks.
What Lessons Can New Investors Learn from Newman Leech’s Success?Newman Leech
Newman Leech's success in the real estate industry is based on key lessons and principles, offering practical advice for new investors and serving as a blueprint for building a successful career.
“Amidst Tempered Optimism” Main economic trends in May 2024 based on the results of the New Monthly Enterprises Survey, #NRES
On 12 June 2024 the Institute for Economic Research and Policy Consulting (IER) held an online event “Economic Trends from a Business Perspective (May 2024)”.
During the event, the results of the 25-th monthly survey of business executives “Ukrainian Business during the war”, which was conducted in May 2024, were presented.
The field stage of the 25-th wave lasted from May 20 to May 31, 2024. In May, 532 companies were surveyed.
The enterprise managers compared the work results in May 2024 with April, assessed the indicators at the time of the survey (May 2024), and gave forecasts for the next two, three, or six months, depending on the question. In certain issues (where indicated), the work results were compared with the pre-war period (before February 24, 2022).
✅ More survey results in the presentation.
✅ Video presentation: https://youtu.be/4ZvsSKd1MzE
Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
For more details, you can visit https://technoxander.com.
Monthly Market Risk Update: June 2024 [SlideShare]Commonwealth
Markets rallied in May, with all three major U.S. equity indices up for the month, said Sam Millette, director of fixed income, in his latest Market Risk Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
Explore the world of investments with an in-depth comparison of the stock market and real estate. Understand their fundamentals, risks, returns, and diversification strategies to make informed financial decisions that align with your goals.
1. What’s Your
Retirement
Number?
2
Investment
Mistakes, Common
and Uncommon CHAD HORSHAM’S
3 FINANCIAL NEWS
Money-Smart
Kids: Teaching
Kids to Save
4 DIGEST MONEYLINE
Pick
Your
Plastic
A
Courtesy of Chad A. Horsham, LUTCF
cash-back card or a travel rewards card?
Hmmm. Here are some lesser-known consid-
erations when deciding on what kind of plastic
you want to be packin’:
Warranties. Some of the upscale versions offered
by issuers extend the manufacturer’s warranty by up to
one year when you purchase an item with your card.
Purchase protection. If, for example, your iPad
is stolen from your hotel room, some issuers will
reimburse you if you paid for the room with the right
card. Drop that new iPad and some cards will have it
repaired or replaced within 90 days from the date of
purchase.
Luggage protection. Was your luggage lost or
Chad A. Horsham, LUTCF damaged by the airline on your last flight? If you paid for your ticket with
Financial Services Professional the right card, you could be reimbursed for up to $3,000.
One Valmont Plaza Rental-car coverage. Many cards cover damage to a rental car (if you
Suite 100 use the card to reserve and pay for the vehicle) that your primary auto insur-
Omaha, NE 68154 ance doesn’t. That means you may not need the rental company’s collision
(402) 496-6413 damage waiver (CDW) insurance.
cahorsham@ft.newyorklife.com Concierge services. Some cards help you get tickets to sold-out events,
book travel, make dinner reservations, and find unusual gifts.
2. Employees are losing Please know that this is
disability coverage as not rocket science, especially
employers cut back on high- in an age when there are so
cost benefits. Companies that many retirement calculators
are not dropping the coverage available. The tricky part
often are raising employees’ about using these calcula-
cost of obtaining it while tors is that they ask you to
reducing the benefits paid by estimate factors that even
the disability policies. What economists can’t agree upon.
to do: Find out if you can buy My crystal ball isn’t perfect,
additional coverage through but here are some sensible
your employer at your own
estimates that should help:
expense…or buy an individual
Inflation assump-
policy. Buying through your
tion: 4.5 percent (higher
employer costs less but may
than where we are today, but
provide narrower coverage—
most economists believe that
analyze the options carefully.
inflation is headed up in the
coming years).
How to negotiate Rate of investment
salary in today’s tough return both before and after
job market: Job candidates
retirement: Consider your
often are so happy to be of-
risk tolerance and err on
fered a job that they accept a
the side of being conserva-
lower salary than they should.
tive. If you’re stuck, use 4-5
Self-defense: When asked
for your salary requirement
percent. Obviously, if you
on applications, leave it blank use a higher rate of return,
the calculator will ultimately determine that you have
or write “Open.” During
interviews, if you are asked What’s Your to save a smaller amount. After our Great Recession
and financial crash, I probably don’t have to tell you
about your previous salary, ask
about the range for the job you Retirement that higher return assumptions may not always work
out as planned.
are discussing. Don’t negotiate
salary in the interview. Say Number? Life Expectancy — if you are younger than
that you are interested and will 50, use 95; if you’re older than 50, use 90. If you want
By Jill Schlesinger, Tribune Media Services
a closer estimate, go to www.livingto100.com and use
A
seriously consider any offer
that the company makes… their Life Expectancy Calculator.
or say that once you get a former client once argued with me about his Then you will be asked to plug in the amount of
clear understanding of the job ‘“retirement number”.’ He couldn’t believe money you have already saved, your annual contribu-
requirements and advance- that he needed $1 million in savings before he tions to your retirement plans and other investment
ment potential you’ll be better could retire. “That amount just seems like way more accounts, any future pension amounts, and a Social
prepared to discuss salary. money than is necessary!” But after walking through Security benefit. While Social Security might change
When you receive an offer, ask the variables and calculations, he finally said, “Geez, a in the future, most of the revisions being contemplated
if there is any flexibility. You million bucks — I guess that’s my number.” would not affect people who are currently over 50. For
may not be offered a higher those under 50, you might have to wait longer to col-
Determining your retirement number is like get-
salary, but you might get an
ting on the bathroom scale: Sometimes it’s a pleasant lect benefits or the benefit amount could be reduced.
extra week of vacation or a
surprise; however, more often than not it forces you to To adjust for an altered Social Security landscape, you
signing bonus.
face an ugly truth. Just as taking the dreaded step onto could simply raise your replacement rate by 5 percent.
the scale is a necessary part of the weight-loss process, Once you have entered in all of the information,
so too is crunching the numbers for retirement plan- the calculator is going to spit out your results. For
ning. According to the Employee Benefit Research many, this moment could be as stressful as stepping
“The trouble with Institute (EBRI) 2011 Retirement Confidence Survey, on the scale. But only when you are armed with the
being poor is that only 42 percent of American workers have taken the necessary information can you alter your course to
it takes up all your time and effort to complete a retirement needs calcula- a smooth retirement. So don’t be afraid to take the
tion. Without going through that process, you’re flying plunge and discover your retirement number.
time.” blind into your retirement.
— William de Kooning
3. stock funds, and 5 percent in commodity funds. At the
Investment end of 2011, your portfolio might have been around 35
Downside of a digital
wallet. If you use your
percent bonds, 55 percent stock funds and 10 percent
Mistakes, Common commodity funds. If your financial situation has not
smartphone to make purchas-
es, your protection against
changed, and you are comfortable with your original al-
and Uncommon
fraud may be limited. Digital-
location, you should consider rebalancing back to your wallet programs let you wave
optimum allocation. If you have a portfolio of both your phone at a cash register
By Elliott Raphaelson, Tribune Media Services
retirement and nonretirement accounts, consider taking or tap a retailer’s reader to
A
any losses — if you have a choice — in your nonretire- make a payment with a credit
ll of us make investment decisions that are not or debit card, gift card or bank
ment accounts in order to minimize your taxes.
account…or charge what
perfect. However, that doesn’t mean we have It is not uncommon for a sector of the market that
you buy to your mobile-phone
made a mistake. does very well one year to do poorly the next year. If
account. If you use it to pay
For example, let’s say you have chosen an al- you rebalance annually, you will be protecting some of
by credit or debit card, you
your gains. Nor is it
get the protection offered
uncommon for sec- by those cards—usually a
tors that have had a maximum liability of $50. But
poor year to rebound if you use the phone to buy
the next year. By something with a prepaid
rebalancing, you will card or gift card or on your
be taking advantage mobile-phone bill, you will be
of such situations. liable for all purchases until
No one can predict you report a problem, such as
short-term move- a lost or stolen phone.
ments in the market
with certainty, but Don’t trust car insur-
rebalancing is a con- ers’ price comparisons.
servative approach Visit competitors’ Web sites
that does allow you directly to get quotes from
to take advantage of them. Example: Progressive
frequent reverses in offers a name-your-own-price
the markets. option for auto insurance at
Another error is its Web site. It does not actu-
location of the stock and bond funds in your portfolio not taking advantage of the existing tax laws as they ally let you go as low as you
based on reasonable investment objectives. It is easy relate to your portfolio. It is important to understand the want to but does offer a wide
to imagine that there would be years when you would basics of the federal tax law, whether you prepare your range of plans at different
have done much better to have 100 percent of your in- taxes or hire someone. There are situations in which costs—and compares them
vestments in the stock funds. But it is hardly a mistake an understanding of the tax law will help you improve to other companies’ plans.
not to have done so. But Progressive’s quotes for
your financial situation.
other firms’ insurance are not
However, it may be a mistake to have too high a
necessarily the same as those
percentage of your assets in one sector of the market
companies’ own quotes.
inconsistent with your long-term objectives, or to invest
What to do: Shop around by
in only a few common stock funds. Any decision with a
visiting multiple sites even if it
high risk relative to your financial situation may be
seems easier to go to a single
a mistake. site and use its comparison
A common mistake is not rebalancing your tool.
portfolio often enough. Portfolio balance refers to your
allocation of assets among different asset classes. After
deciding on your most effective portfolio mix, it makes
sense to rebalance your portfolio periodically. I like to
do it annually.
For example, assume you decided at the begin- “Hard work never
“The seller will accept your downpayment of 5,000
ning of 2011 that 30 percent of the dollar value of your returnable beer and soda bottles, providing one of those killed anybody, but
portfolio should be in the bond funds, 65 percent in the bottles contains a check for thirty-five thousand dollars.” why take a chance?”
— Edgar Bergen
4. CHAD HORSHAM’S
FINANCIAL NEWS
DIGEST
One Valmont Plaza, Suite 100
Omaha, NE 68154
Chad Horsham is a Registered Representative offering services through NYLIFE Securities LLC., Member FINRA/SPIC. A Licensed Insurance Agency. One Valmont Plaza, Suite 100; Omaha, NE 68154
This publication is provided to our readers as an informational source only. The ideas, opinions and concepts expressed here should not be construed as specific
tax, legal, financial or investment advice. You should consult your professional advisers regarding your particular situation. SMRU 472701
trouble to parcel out
Money-Smart Kids: your kids’ allowance, a
simple alternative is to
Teaching Kids To Save require them to save,
say, a flat 10 percent.
M
By Janet Bodnar, Kiplinger’s
n Match what your
any parents acknowledge that it’s their responsibility to children put aside.
teach kids about money and savings but that they don’t n Give them a
always follow through. For such time-strapped parents, reward. Once your
here’s my easy-to-follow guide to teaching kids to save: children have achieved
Preschool their goal, let them
Young children think about money in concrete terms, so saving spend the money and
should be as hands-on as possible. enjoy the payoff for
n Start with a piggy bank. Banks come in all forms, from tradi- their efforts.
tional pigs to talking ATMs, and they’re great as both teaching tools High School
and toys. Whether your teens
n Set simple goals. Keep them short-term and easy to achieve. For get an allowance or earn money of their own, expand their financial
example, kids could save money for a trip to the dollar store, or tape a responsibilities to include gifts, clothing, concerts, cellphones and car
picture of a coveted toy to their piggy bank so they don’t lose sight of expenses.
their goal. n Clue them in to college. If they have a job, it’s not unreasonable
Elementary Through Middle School to expect them to save a chunk of their income for college expenses.
Tweens are prime candidates for getting an allowance that’s tied to n Encourage them to have their paychecks deposited directly.
specific responsibilities. n Start an IRA. If your children have earned income from a job, in
n Divvy up their allowance into pockets of money for spend- 2012 they can contribute an amount equal to their annual earnings or
ing, saving, giving and even investing. If you don’t want to take the $5,000, whichever is less.