Homeowners Can Expect To Pay More For Home Insurance

As FBD Insurance announced yesterday, homeowners can expect to pay more for a home insurance, as the insurance companies counted the cost of last month’s flooding. The news of higher premiums partially obscured a strong trading statement from the company, whose share price surged after it increased its guidance and announced volumes were up for the first time since 2008. In an interim management statement for the third quarter, the FBD mentioned the flooding cost the industry in the region of €125 million and premium rates of homeowners insuranceare likely to increase as a result. FBD Insurance itself took a hit of about €6 million.

Recent Studies Show That Health Insurance Will Increase

Recent health care studies and research methods show that health insurance rates will increase from 5 to 10 percent in the coming year. More employers will likely reward workers for healthier lifestyles and using preventive health care services in an effort to keep overall costs down. As open enrollment begins for employee insurance, there is sure to be some sticker shock for employees and their employers. Health insurance premiums will increase anywhere from 5 to 10.5 percent in the coming year. Several studies are reporting that a cost of providing health insurance is rising for the employer, too. What we should keep in mind is while the cost of insurance is increasing for both employers and employees, the percentage of the cost borne by the employee is not changing very much. Cost shifting is a sign of the times. The increase is partially due to changing structure of America’s labor force as the workforce is growing older and the unhealthy lifestyle choices that make employees more expensive to insure. Employers will try to keep down costs by rewarding employees for healthier lifestyles or providing stronger incentives for workers to use a preventive health care and primary medical care. Click To See More Health Insurance Info

What Is And How Works Life Insurance

There is some information you need to know what is and how works life insurance, and more information about all types and purposes of life insurance to keep your lifestile going. In life insurance there are four roles as life insurance company, policy owner, insured individual, and beneficiary. Last three roles can all be filled by the same person. Also, single policy may cover more than one insured and may have more than one beneficiary. Definition what is life insurance, an agreement between you and the life insurance company. You agree to make certain payments to the insurance company. The insurance company agrees to pay a sum of money to a person of your choosing if you die. The life insurance company pledges to pay a death benefit to the policy’s beneficiary upon the death of the insured, so long as the policy is in force at the time of death. The policy owner is responsible for paying premiums in order to maintain the poilcy in force. The most common purpose of life insurance is to protect the finances of one’s family or friends in case of a wage-earner’s death, but that’s not its only use. Life insurance can be used: as an employment benefit to fund a retirement to protect a business against the loss of a key employee to hire childcare to replace a home-maker’s contribution for estate protection for mortgage protection Types of life insurance are divided into three categories: universal life insurance whole life insurance term life insurance Universal life insurance allows payments of any amount at any time up to certain government-stipulated maximums. Coverage from these policies can be maintained indefinitely. These policies carry cash value, which means that they can be liquidated. Whole life insurance requires fixed payments on a fixed schedule. These policies guarantee coverage up to a certain age, usually 100 years of age. These policies guarantee a death benefit, so even if the insured individual outlives the policy, a death benefit will still be paid. These policies carry cash value, which means that they can be liquidated. Term life insurance requires fixed payments on a fixed schedule and provides coverage for a fixed duration. The policy only pays a death benefit if the insured individual dies before the policy expires.

Americans Prefer To Buy Life Insurance Online, Face To Face

New study for purchasing life insurance finds, that Americans prefer to buy life insurance online, face to face. While two thirds of consumers (64 percent) still prefer to buy life insurance from an insurance or financial professional, that number is down from 1996, when 8 in 10 (80 percent) preferred to buy life insurance face-to-face. Today, more than one in four adults (26 percent) prefer to purchase life insurance direct via the Internet, mail or over the phone. Recognizing the growing consumer interest to use the Internet to conduct research and buy life insurance, life insurance companies and agents have developed and implemented innovative strategies to engage and serve consumers through their websites and social media platforms that are more convenient for the customer. Not surprisingly, younger consumers showed the most interest in purchasing life insurance through the Internet. Among those ages 25-44, a prime group for purchasing life insurance, 31 percent said they would prefer to buy direct, with three in four citing the Internet as their preferred means of direct buying. These findings were released today by the nonprofit LIFE Foundation and LIMRA as part of the organizations’ “The 2011 Insurance Barometer Study,” a new, annual survey designed to increase understanding about consumer attitudes and behaviors regarding a host of insurance and financial planning matters. The study also found that consumers generally view life insurance as a necessity, with 86 percent agreeing that most people need life insurance. However, the figure drops to 70 percent when people are asked if they personally need life insurance. Only 63 percent of individuals surveyed say they own some sort of life insurance, which is similar to other recent research conducted by LIMRA in 2010. While the percent of people who want to buy over the Internet is still relatively small compared to the percent who want to buy from an insurance agent (17 vs. 64 percent), the Internet now plays a role in eight out of ten life insurance purchases. When asked how they would use the Internet if they were to make a life insurance purchase, 59 percent say they would use it to conduct research, but ultimately buy from an insurance agent. Twenty-one percent say they would research and complete the purchase online. Among 25-44 year-olds, nine in 10 say they would use the Internet in some fashion during the buying process. Life insurance has never been as easy or inexpensive to buy, yet millions of Americans continue to put off making a purchase that they, by their own admission, say is an important one.

Health Insurance Services, Jared Short In The New Position

In this role, Jared’s responsibilities will grow to include leadership of Regence’s health insurance company operations across its four states – Regence BlueShield of Idaho, Regence BlueCross BlueShield of Oregon, Regence BlueCross BlueShield of Utah, Regence BlueShield in Washington, Asuris Northwest Health, Government Programs and the Federal Employee Program, as well as Account Management, Insurance Product Development, eProducts and Services, Health Care Services and the Regence and Asuris Northwest Health subsidiaries of Healthcare Administrators, Inc. Jared has a unique skill set and operational background which allow him to serve as a dynamic leader within our complex and evolving health care markets. Coupled with his focus on member involvement and customer service, our members and customers will surely benefit from his leadership, said Regence CEO Mark Ganz. Jared succeeds Bill Barr, who is moving to the role of CEO for Regence Life and Health. Don Antonucci, currently Oregon Vice President of Sales, has been appointed to serve as Interim President of Regence BlueCross BlueShield of Oregon. In this role, he will continue to have oversight of sales. Antonucci joined Regence in May of 2010 with more than 15 years of experience in the health insurance industry. He began his career in market analytics for a variety of health plans, including Horizon Blue Cross and Blue Shield of New Jersey. Immediately before accepting his position with Regence, Antonucci served as director of sales with WellPoint, Inc. / Anthem Blue Cross and Blue Shield in Maine. Click To See More Insurances Info

Susan Orman On Life Insurance

Always seek the advice of third party sources outside the insurance industry. No credible financial advisor would ever recommend using an insurance policy as an investment. There are, however, many bought and paid for insurance industry hacks who will gladly parade themselves as financial experts.