Category: Insurance

A few years ago, most people’s life plan consisted of a relatively common and uniform project: Study until you get a degree, start a family, and keep a good job until retirement age. Simple, safe, quite comfortable and predictable. And most of us would often ask ourselves: what should I study? In which company do I apply? What additional incentives can I apply for? The space for uncertainties or innovative thinking was minimal, if not nil, and was limited to making proposals (and crossing your fingers) with one or two improvements to the work environment or the company’s products and services for which you worked.

Fortunately, times and people have changed synergistically and based on that; the tendency to undertake has taken hold. It’s no longer rare to get someone to look favourably upon exploiting your own small business ideas. In other words, now it has become very rare to find someone who wants to stick to the traditional plan and leave the idea of ​​starting their own business to others. Even those who combine both visions to obtain an intermediate version with the best of both life plans. For these people, the predominant questions are others: What do I invest in? What business ideas pay off the most in the shortest time? How much money do I need to invest? Let’s check it out!

Personal trainer

Is life fitness your thing? Are you happy sweating and moving your body? Then becoming a personal trainer is ideal for you. This idea to start your small business is perfect for you if your willingness to help others and your voice of command is combined with a certification. A growing trend is quite popular in all sports disciplines that are also marketed very well on Social Networks and can lead to other related businesses, such as healthy meals and healthy eating and life coaching.

Local Delivery Services

Yes, the big courier and package delivery companies are still there, and they are not going anywhere. However, nothing better than a private motorcycle, car or bicycle to deliver packages locally, quickly and efficiently, and at a lower price. Every day more people add their personal means of transport to help avoid the bureaucracy and slightly more expensive rates that use a more recognized courier and delivery services.

So, the image of a person in shorts uniforms delivering packages no longer dominates the market. And it makes sense. The field of work has expanded thanks to many others’ entrepreneurship, and thus, other small entrepreneurs do not have their own home delivery service. The individual needs lunch or a pair of shoes to be brought to him because they’re stranded somewhere. There you fit perfectly. If you also add the services an application, then your business opportunity goes to the fixed. Make yourself known and start pedalling.

Food Trucks

In Latin America, the big business of preparing and shipping fast food from a truck has been part of the picture forever. However, new trends and market demands add differentiating elements that you can use to introduce your own successful business idea and make it extremely profitable. Do you prefer sweets rather than fast food? A waffle and cupcake food truck is perfect for running too! In any case, investing in a food truck does require a little more investment, study, preparation and compliance with laws and regulations. Among them, you must specify the point where you will put your truck, the demand for similar businesses at that point, and the permits related to the handling and sale of food.

Manager 

Many people who keep office hours or are dedicated to their own ventures lack the time necessary to do personal errands such as going to the bank, taking clothes to taking clothes from the dry cleaner, buying food for the week, etc. In some Latin American countries, taking care of these tasks is called an agency and whoever executes it is called a Manager. It is usually an occupation that leaves good money since the services can include everything from going to Notaries to picking up movie tickets and the like. Having an agency that places a manager at third parties’ services is an idea for a small business that promises to emerge in the coming years.

Personal Shopper

This is the most stylish and elegant name for Personal Shopper. A personal shopper is generally in charge of choosing, purchasing and delivering clothing and footwear for special events. However, some hire services to take care of the entire wardrobe, without obeying a special occasion. More than an investment, what you really need to become an excellent personal shopper and make your business successful is to have a good eye and sensitivity to choose the best clothes and shoes for your clients, and take care of details related to finances who entrust you with their wardrobe. Start with your friends, and get them to spread the word. Then you can open your own blog or website and share tips related to your niche. If you are persistent and dedicated, you will soon be hiring and training others to make your small business idea a trustworthy personal brand.

On the other hand, the Internet has given way to a whole new range of jobs that began to exist only a couple of decades ago and have emerged a lot in recent years. What is unique about this line of employment is that they do not require the employee and even the employer to satisfy the demand for services, and most importantly: Each one in itself represents a successful small business idea to manage from the comfort of your home.

Now that you have decided which industry you want to start a business in, you can begin the journey of becoming an entrepreneur! Check out the second part of this article here!

Does the idea of ​​starting your own business appeal to you, or are you thinking of expanding the one you already have? Do you need ideas to start your own business? In other words, what are the most profitable small businesses today? Which ones can you start with a small budget?

It is important to emphasize that starting a business is not the end of the road and that you’ll still need to work hard to make sure it grows and remains healthy. And this is achieved with recurring investments! A business without investments tends to be stranded and does not advance.

All small businesses follow a simple law: “You need to invest money to make money.” So once you start your business, don’t forget to plan investments that will strengthen it, and you must consider getting external funds to do so. If you’re looking for a personal loan to kick start your small business in Toronto, talk to the experts at DLC Estate Mortgages INC.! Whether you’re looking to apply for a short-term or long-term loan, they provide one of the best loan solutions and reliable advice. 

If you’re looking for small business ideas, here is a rather impressive list of the latest trends in small business ideas. Hopefully, they inspire you and help you take the necessary actions to transform them into your new reality. This list of ideas for small businesses does not follow a particular order, although it is organized by two main types of entrepreneurship: Traditional and Online. Check it out and be surprised by businesses’ trends requiring little investment and always have room for another value proposition.

Local Tourism

Tourism has also evolved in terms of tastes and demands. Thus, from the so-called extreme tourism or adventure tourism to cultural tourism or experiential immersion, the strong point is to get accommodation at various hotel sites. How do you become a tourist guide then, and how do you make it a very profitable small business idea? Simple: Design several packages and offer close and real experiences for people interested in getting in touch with your immediate environment’s unique opportunities. You can even provide one of the rooms in your own home to accommodate your clients and include typical breakfasts to offer a full immersion experience. With the potential for word of mouth and recommendation, your business can flourish! 

Likewise, you can use an online marketplace application and make contacts and alliances with interpreters, restaurants, inns, iconic places according to their interests (you can collect that information from a form). You can make a name for yourself with everything long-term business potential. Get creative! Design immersion tour packages for seniors with religious interests, adventurers with a thirst for extreme experiences, animal lovers, etc. And speaking of animal lovers…

Canine Hotels (and Other Related Services)

Many people shy away from going on a trip, even for short periods, because they don’t have someone to take care of their pets while they are away. This small business idea itself lacks innovation. However, it has picked up in recent times because traditional hotels or kennels are often expensive. You can start by housing one or two animals in your house for a few weekends and then include other services such as hairdressing, morning walks, and even accompanying pets for international trips. They are ideal for small businesses settled in the same pet services niche that yield good money, and whose investment is relatively low and whose ROI is usually practically immediate. 

Online Tutor

Education has always held a place of honour in all societies. Children will always need someone to clarify their doubts, and they will surely feel more comfortable from home, in a controlled and safe environment where they can use other tools. If you have the ability and skill to teach online, this small business idea is for you. Topics and topics can range from simple to complex, and creating an interactive platform with exciting programs can be quite an adventure that also pays good dividends.

Translator 

Although Google and other similar companies offer instant online translations, the truth is that translators have the sensibility and knowledge of the world that automated translation tools lack. Creating an online business that brings together translators willing to provide humane solutions to translation problems is an excellent idea for a small business that promises high demand.

Small Business Ideas That Create Big Profits

Entrepreneurship ceased to be a taboo word and concept widely related to risks and uncertainty, misfortune and bankruptcy. However, to ensure that your investment has the best results, the search for small businesses’ ideas must initially resonate with your essence, potential and talents. That simple action will leave you big profits and better experiences. If you have other small business ideas that have a real chance of turning into significant gains, share them here. You can always learn and start with suggestions. If you’re looking for more small business ideas, make sure you check the first part of this article!

The ongoing health crisis has been a wake-up call for many families about the need for robust life insurance. While it appears to make sense for adults to have life insurance, so they can provide for those who rely on them in case the unthinkable happens, there has also been an increase in life insurance purchases for children under the age of 17. In this article, we will explore the reasons for this trend and the pros and cons of life insurance for kids.

First off, what is life insurance for a child?

Similar to an adult’s life insurance policy, a child’s life insurance policy is a contract with an insurance company whereby monthly or annual premiums are paid in exchange for the promise that said insurance company will pay a benefit in the event that the child dies.

Life insurance policies for children typically are whole life insurance policies, which means they will provide lifelong coverage so long as premiums are paid. Premiums tend to be guaranteed, so they won’t increase over time. Plus, a portion of the premium goes toward building cash value, which can be accessed while the child is alive for any reason.

While you can’t buy term insurance for children (where the child is only covered for a certain number of years), you can add them to your own term policy as a rider for a certain amount of time, and then convert coverage to permanent policies for them at an additional cost.

Important things to know about buying a child life policy

Compared to an adult’s life insurance policy, the purchasing process is relatively simple and quick – all you need to do is fill out an application form and pay the premium. Unlike purchasing a policy for yourself, your child won’t need to have a medical exam prior to underwriting being completed.

You can usually buy a child insurance policy up to the age of 17, although this does vary from insurer to insurer. For some, the age cap can be as low as 14, where others can go up to age 21 provided the child is still in full-time education and living at home.

The younger your child is when you buy a policy, the cheaper it will be. With a whole life policy, the low rate you lock in at the time of purchase will be guaranteed for the life of the policy. Premiums are also affected by the type of schedule you choose. For example, you could buy a policy for a newborn that is payable until they are 65 or even 100, which can result in ultra-low premiums. On the flip side, some insurers offer an option to pay off the policy within a set period of 10 or 20 years. This may result in higher premiums in the short term, but you can eventually turn over a fully paid-off policy to your child to cover them for the rest of their life.

Pros of Buying Life Insurance for a Child

The biggest advantage of a child insurance policy is the guarantee that your child will still be covered if they develop health conditions later in life. Not only that, but you also ensure your child will still have coverage if they take up a dangerous hobby like scuba diving, which tends to put off a lot of insurers.

Another major advantage, which we touch on earlier, is that a child insurance policy locks in a low premium. Child insurance policies also provide funds for funeral expenses. While this is not a good reason to buy a child insurance policy, it can provide relief to a family if the unthinkable happens.

Lastly, a child insurance policy has a cash value which can be accessed for any reason. You can use it as a complement to any other savings you may be making for your child’s future. It is important to note however that withdrawing cash from the policy could trigger a tax bill and will reduce the death benefit.

Cons of Buying Life Insurance for a Child

While child life insurance does have a great deal of positives, it’s not all peaches and cream. The biggest downside to these policies is the low return on investment they offer. As we mentioned above, child life insurance policies do offer a cash value, this is significantly lower than a more specialized product like a college savings plan.

Coverage limits are also very low, and once your child becomes an adult, it is likely that they will need to buy an adult insurance policy anyway.

In Conclusion

Working with a financial planner can help you decide whether life insurance for your kids is a good fit for your family and your overall financial situation. Also consider working with an independent insurance broker like Nonmed Insurance Inc., who works with several insurance companies and can help you find the best policy at the best rate.

As the saying goes, the two happiest days in a boat owner’s life are the day you buy your yacht and the day you sell it. It’s no secret, as a boat owner, you’ll have plenty of beautiful memories and fun trips on the water, whether it’s a pond, lake, or the ocean. However, owning a boat can involve a lot of work, maintenance, risk, and never-ending expense. And one vitally important thing to consider if you own a yacht is to insure it!

Often, boating lovers think they don’t need any additional protection in the ocean, especially if they’re experienced and have a safe track record on water. The truth is that boat insurance is just as important as car insurance, and yes, you’re more prone to risk on the water than on the roads due to the numerous uninsured boaters out there! So, no matter how much you’re on your guard or a how much of a crackerjack boater you are, unfortunately, you simply can’t protect yourself against these inexperienced and reckless boaters or nature’s wrath!

With reliable boat insurance, you can benefit from a whole lot of advantages! From protecting you financially to keeping your prized possession safe from all possible risks (injuries onboard, off-season damage, theft, etc.), it certainly brings utter peace of mind. (And let you sip your well deserved cold beverage while enjoying the gentle ocean wind!). Let’s have a look at why you should totally opt for boat insurance!

But, What is Boat Insurance?

Yacht, Crew and Passengers Insurance | Yacht Agent Montenegro

Let’s say you’re out on the lake, relishing a gloriously wonderful day, brimming with joys and proud for being finally a boat owner. Sadly, your happy day is abruptly ruined when you stumble upon a boulder that was hidden just below the water surface – yikes! Your gorgeous, well-maintained boat suddenly has an enormous wound on the side, hurting both your boat and your heart.

That’s where marine insurance comes on board! With valid yacht insurance, you can rest assured that your boat will be reconditioned to its original condition – with all expenses covered by the insurance company. Marine insurance can really be an amusing subject. Well, not exactly that enjoyable. But still, it’s more fun than having to pay thousands of dollars to repair your yacht.

And What Happens If My Vessel Is Not Insured?

Let’s just say you’re sailing down a stream without a paddle. (To be more precise, it’s more like you’re in a sinking ship since there’s a huge hole in there – but you get the point!). While you may think that marine insurance is only for the boating season, the risks linger all year round and even during winter. Of course, you could save some bucks by canceling your policy when your vessel is not in use, but just because your precious boat in storage doesn’t mean it won’t be stolen or damaged. Although “seasonal” coverage may be available, the best option is to retain full coverage year-in and year-out. Accidents happen on and off the water, and your significant investments deserve uninterrupted protection, no matter where they happen to be.

What Does Marine Insurance NOT Cover?

While the best times to enjoy your boat are those spent on the water, your prized possession may see dry days if you ever transport or store it ashore. Generally, (depending on your State), when a boat is offshore, it’s not covered by marine insurance! Refer to your existing insurance policies to find out what coverage you have in such cases. For example, if it’s hitched to your truck or car, it may be covered by your automobile insurance policy. And if it’s parked on your property, your homeowners’ insurance will often take precedence over boat insurance.

Be sure to check with an insurance agent to understand how your policies will cover your boat at different times. You can contact licensed insurance advisors at Mimbs & Associates Insurance for further information.

With insurance comes utter peace of mind when unforeseen circumstances result in physical or financial damage. When purchasing coverage from an insurance agency, you benefit from competent professionals who are readily on hand for personal appointments and an individual assessment of all your insurance needs.

Questions? Your Solutions Are Just One Phone Call Away!

If you hold a policy online and need an answer to a question, chances are you’ll be calling more than 800 different numbers. Not to mention the long waiting times, frequent transfers to various services, and repetition of your situation or question to multiple representatives – if you’re lucky enough to talk to a live person! Whether you’ve got an urgent query, a distressing claim, some changes to do in your policy, or simply questions about your coverage, all it takes is one phone call to get a familiar and lively voice and a trusted answer. You can gather information online or talk to an agent at BREVARD INSURANCE & MARKETING to get an idea of your coverage in Florida.

Having A Relationship with A Person

Nowadays, almost everything can be done online, from ordering your pizza, sending flowers, internet banking to online schooling. The Internet often replaces face-to-face interaction, and it can be a real struggle to remember the advantage of talking to someone online. If you are in a car accident, your computer can’t answer questions about your coverage or get specific documents for you. Having an insurance agent offers the benefits of a business relationship with a real human being who cares about you and your family.

Geography

Your geographic location may require specific types and levels of insurance coverage. Local insurance agencies employ agents who understand your area and can make coverage suggestions accordingly. For example, your agent can advise you if your business is located in a potential flood zone, which would require flood insurance that regular structural insurance may not cover.

Someone Is Watching Out for You

At independent agencies, we conduct a complete review of your policy at each renewal and when changes are made. If a new discount is available, you have a chance to save money for your family! Your insurance agent wants you to save as much money as possible while getting the best coverage possible, and it’s his job to work between you and the insurance company to make that happen. Insurance agencies take pride in knowing the majority of their insureds personally and look out for YOU and your family!

Individuality

In addition to your geographic location, your circumstances may affect the types and amounts of insurance you need. By working with an agent directly, you can explain your circumstances and find the most beneficial coverage for you, which helps protect you against inadequate insurance coverage.

They May Help You Save Money on Other Insurance Policies

A major perk of hiring an independent insurance agent is that they can help with all of your personal insurance needs and coverages for your family’s assets. A vast array of insurance services is available from auto to life, renters, homeowners, boat, RV and motorcycle insurance. Your insurance agent knows your personal needs, your family’s situation, your assets/estate and can recommend policies and coverages to save you money and ensure you’re adequately covered.

Considerations

Although insurance agencies give personal and individual attention to their clients, you may pay more coverage than you originally anticipated. Insurance agencies often pay commissions to agents based on the amount of coverage they sell you. In other words, depending on your insurance agent’s compensation structure, a commission-based sale could result in your agent, offering more insurance than you need.

A Car Insurance Agent Can Keep Your Records in Order

Independent insurance agencies are equipped with the latest technology in the insurance industry while offering the excellent face-to-face customer service you are accustomed to. Whether you have one or more policies, an insurance agent can quickly access your information and easily familiarize themselves with your policy. Agencies typically keep detailed records of your assets, as well as a history of your calls, claims and current inquiries.

Not a moment goes by when parents aren’t worrying about their children.  Is he the appropriate height and weight for his age? Does she get along with other kids? Will they ever eat their vegetables?

One thing parents don’t often think about is ‘do I need life insurance for my child?’. Some may even frown on the idea of insurance for minors because of a life insurance policy’s primary purpose of replacing the income of a working adult. However, there are many other reasons why buying a life insurance policy for your child could be a good idea for you. Here are a few:

The Time and Resources to Grieve.

There is likely nothing more devastating than the loss of a child. In such an unfortunate and untimely event, day-to-day responsibilities might be overwhelming – the demands of your job, paying the bills, and having to care for other children in the household. The reality is you might not have enough paid sick or vacation time from work to take care of yourself, your spouse or your other children during this difficult time. If the unthinkable were to happen, would you have done enough financial planning to have the resources to go back to work on your terms?

Cash Value and Living Benefits.

The cash value earned from a permanent life policy (such as whole life, universal and variable life) can be withdrawn or borrowed against, providing living benefits that can used by your child as he or she gets older for many things such as:

  • College tuition and expenses
  • Financing a vehicle
  • Paying for a wedding
  • Collateral for loans

If you opt for a whole life insurance policy for your children, ask if there are penalties for early withdrawals before a certain age. Building cash value shouldn’t be the main reason you buy a life insurance policy for your children, but the right policy can include a financial perk.

They’ll Always be Insured.

There are a number of factors that can affect your child’s future insurability. High blood pressure, diabetes, obesity and cancer are just a few of the many health complications that might prevent your child from being insured down the road. One of the primary benefits of purchasing a life insurance policy when they are young is that they will always be covered regardless of their future health as long as premiums are being paid.

Guaranteed Insurability.

Some life insurance policies for children come with an optional guaranteed insurability rider/endorsement that may be available for a nominal cost. As your child grows into an adult, this rider allows you to buy additional life insurance above the face value of the current policy (on specific dates and in certain increments) regardless of his/her health status at the time. Usually, the older the child gets, the fewer dates the policy owner has to purchase more life insurance under the rider. In some instances, after a certain age, the rider may not be exercised.

A Locked-in Rate.

Life insurance premiums for minors can be very affordable. Buying life insurance for your child now could give you an opportunity to lock in that rate for the life of the policy. As long as the required premium is paid, the policy will stay in force.

Policies vary greatly from company to company. A life insurance professional like Nonmed Insurance Inc. can help you select the right policy type and optional policy riders so your child will get the most out of their policy – even when he or she is grown with a family of their own.

Disclaimer: It is important to note that this article was not written by a qualified Life Insurance broker and should not be considered legal advice. Please make sure you seek advice from professionals before purchasing any form of financial product.

So, you’ve beavered away for years struggling to save some bucks for your dream house (in this rocky economy), and now, you just got off the phone with your mortgage specialist, who has some excellent news for you! The agonizing wait is finally over, and you’re pre-approved and ready to dive into the house hunt with confidence. What an exciting time! But before jumping in, there are a few other things to keep in mind to ensure you find the perfect balance between your needs and budget, and one of them is homeowner’s insurance!

Purchasing a house can be so mind-boggling that it’s easy for first-time buyers not to worry much about the homeowner’s insurance process. But what if there’s a natural calamity or a fire breaks out in your house? Disasters can strike unbeknownst to you, and that’s why protecting your property with the best home coverage is primordial. Buying home insurance entails a myriad of intricacies and can often feel pretty overwhelming. How often have you heard of cases where people have purchased home insurance only to discover that it didn’t protect the only item they were trying to protect? Here’s a handy step-by-step rundown to help you cover all the basics!

Choose Your House Wisely

The choice of housing is often a process of elimination. As you hunt for houses, you’ll realize that many are just not right. It’s not uncommon to compromise on features but search for a home that can meet your current and future needs. The location and individual characteristics of the home you pick can affect the amount and type of insurance coverage you may need.

Get A Clearer Picture of What It Covers

While this may sound surprising, most people don’t understand home insurance at all. To choose the right policy, you need to be able to have a clear understanding of what it entails and covers. Once you’ve got a clear picture, you” ll be able to assess your needs and negotiate better terms and conditions. A standard home insurance policy covers your home and its contents, as well as any public liability. Although the law doesn’t require you to purchase home insurance, it’ s essential to protect your most significant investment if something goes wrong!

Evaluate Your Needs

When purchasing insurance, be sure to know what you precisely need before starting to shop around. You can gather information online or talk to an agent at BREVARD INSURANCE & MARKETING to get an idea of your coverage.

Compare With Other Insurance Companies

After you’ve had an understanding of your requirements, you need to start shopping around for the best coverage and may need to purchase additional insurance – such as flood insurance. Start by looking for reputed insurance providers and then make a list of policies that meet your requirements. You don’t have to buy insurance at the first insurance company you’ve googled online. Instead, compare the plans based on the prices, deductibles, limits, and customer reviews. Make sure you get the right type and amount of coverage. Focus on value, not necessarily bottom price.

Consolidate Your Policies

Ensure your insurance companies offer discounts if you bundle other types of insurance, such as auto or health insurance, into your home insurance policy. You may be surprised to learn that some companies may even bundle policies together with a 10% or more discount on your premiums.

Don’t Forget Your Pooch!

Always disclose your dog. It shouldn’t even be a question. Dogs of all breeds can be a huge liability. You never know when a dog might feel threatened and act out of fear, biting a stranger, or even a family member. If someone sues you for a dog bite, you could be charged thousands (or even hundreds of thousands) of dollars. By insuring your dog, you’re also assuring that dog bites are covered by your insurance policy.

Here’s a little secret: you can purchase life insurance without a medical exam! (That’s some pretty good news for those who are afraid of doctors, needles and anything doctor-ish!). In this modern era, Canadians have so many life insurance options at hand. With the ability to buy life insurance online, search for different policies and look up the different types of life insurance available, it’s no wonder they’re discovering how convenient it is to get a life insurance policy with no medical exam. Is this option better, and if so, why? What are the points to watch out for, and what are the perks? Here’s everything you need to know about non-medical insurance policies in Canada!

Why Does Life Insurance Require A Medical Exam?

Before we jump start, first things first. Why does life insurance require a doctor’s visit? Traditionally, obtaining life insurance requires a medical or health exam; the insurance company wants to assess all risks associated with your health. Details about your medical condition, family medical history, drug usage, smoking status, critical illness, and more help the insurance company determine how risky it may be to get you insured.

If you go through the exam and are deemed in above-average health, an insurance company can offer you a lower rate. On the flip side, if the exam establishes that there may be health concerns looming, insurance companies will typically place a rating on your policy, which is an additional premium to compensate for the elevated risk they take.

Can I Get Life Insurance If I Have Health Concerns?

Yes. Depending on the specific ailment(s) in question, many life insurance products are available for Canadians with medical conditions. The choices may be limited, depending on the state of your health. However, there’s an increasing number of products that cater to those with prior medical conditions. Many of these also offer coverage, with some limitations, without requiring a medical or health examination.

But What Is No Medical Exam Insurance?

In today’s tech-driven world, where instant gratification is available at the click of a button, it is no surprise that no medical life insurance policies are the fastest-growing segment of the life insurance market. This type of insurance refers to a category of life insurance products that don’t require a medical exam or a physical or even a medical statement from your doctor.

Increasingly, Canadian insurance companies are offering life insurance policies that don’t require a medical examination. Canadians are in a time crunch, between work, children, and other obligations – no medical life insurance makes obtaining coverage easier for their potential clients. 

How Much Life Insurance Can I Get Without A Medical Exam?

It’s possible to get up to $1,000,000 in insurance coverage in Canada without a medical examination. The amount of life insurance you can get without a medical exam depends on the type of policy you apply for, your age and the insurance company you choose. (And if that’s not enough, combine two or more policies to get the amount you need.)

It can sometimes be mind-numbing to explore all of the various products because of so many insurance options out there. The best thing to do here is working with an insurance advisor; they can help you compare different policies across multiple companies. 

For Whom? 

Because of its ease of application, no medical exam life insurance is particularly suitable for people who were refused life insurance following an underwriting review, or who suffer from serious health problems such as cancer. People with riskier lifestyles, such as those practising extreme sports or working dangerous jobs, or people simply wanting to be insured without delay, are regular customers of this type of insurance.

Why Should I Get A No Medical Life Insurance Policy?

#1. Stress-Free

There’s no doubt about it. Being able to secure life insurance bypassing a medical exam is very convenient. You no longer have to bother scheduling a visit with a nurse, fasting for 12 straight hours and trying to have a healthy diet in the days leading up to the exam (oh yes, you can use these tips to ace your medical test if you decide to go that route).

And who says no medical checks says no needle to suck up your blood (doctors won’t steal your blood), no need to provide a urine specimen, no scale to take your weight (your weight can be kept a secret) and no blood pressure meter thing on your arm! However, no medical exam policies still ask your health history and look at your public reports.

#2. Price Ain’t A Factor

Yes, price is an excellent reason to look into a no medical exam life insurance. In many instances, applying for life insurance without a visit with the nurse can save you money. Just think about it, how long has it been since your last physical. If it’s been a year or longer, how can you be sure that your cholesterol, blood counts or sugar levels are all in check? You can’t. If you decide to go with a medical exam policy, you might be moved to a different health category due to elevated blood pressure, for example.

#3. Available Riders

That’s one of our personal favourites. Many of the no medical exam life insurance policies include build-in riders. These riders are often referred to as living benefits. In a nutshell, life insurance with living benefits allow the insured to accelerate his or her death benefit while still alive, in some cases. In other words, you don’t have to die for your life insurance to pay. That’s a huge benefit. With the modern advancement of medicine, you might survive a heart attack, but could you afford it?

#4. Zippy Process

You need coverage as soon as possible. You can’t wait 4-6 weeks for underwriting to be completed. Life insurance policies without a medical exam tend to have faster processing time. Many policies can be issued almost instantly or within 48 hours. This is extremely important if you have to get life insurance right away. There are many instances where people are required to secure a policy due to a loan application, work, divorce decree, etc. Obtaining a policy without an exam will provide the speed and coverage needed.

The contemporary life insurance market is way more extensive than a source of income for beneficiaries when catastrophe strikes. With a plethora of options, these plans offer you and your entire family peace of mind. They often give your money investment opportunity to allow you to enjoy the money invested during your lifetime.

Choosing the perfect life insurance plan depends as much on your financial needs than your health class rating. Are you looking for no medical and simplified issue life Insurance in the surrounding of Toronto and the GTA? Contact Nonmed Insurance Inc. to have your own personal plan!

When you hear the word “insurance”, strange or funny might not be the first thing that pops into your mind, yet, it can actually be a lot more intriguing than you probably imagine. Throughout history, people have invested zillions in saving their most precious assets, and insurance has even had a big chunk of impact on major decisions.

In Japan, golfers took out golf insurance just in case they got a hole-in-one, they would have to spend a fortune on sumptuous drinks and goodies, as well as throwing fancy parties for an awful lot of people (isn’t that crazy). Meanwhile, some people have purchased insurance for their body parts, and others have even taken out a policy just to watch popular movies, in case they died of laughter! (No, your eyes didn’t fool you!) Kiss bassist Gene Simmons had his tongue insured for a million bucks…while “Ugly Betty”‘ TV star America Ferrera (who plays an ugly duckling with braces on her teeth), had her smile insured for $10 million (not so ugly indeed).

While these were just a small foretaste, check out some more hard-to-believe but compelling insurance facts that will totally boggle your mind (some of which may help save a few bucks).

Insurance Has Been Around for Several Thousand Years…

Yes, you read right! It may be hard to imagine insurance sales clerks and insurance forms existed hundreds of years ago, but that certainly doesn’t mean that insurance was non-existent. In fact, it is believed that insurance made its first historical breakthrough in China around 3000 BC. Merchants who depended on shipping goods by ship were at risk of losing cargo in shipwrecks. For this reason, some of them divided their merchandise among several vessels, so that even if one of the ships was wrecked, traders would not suffer a complete loss. Modern insurance works in more or less the same way, with money being collected and pooled by insurers, ready to be paid out in the event of a claim.

Home Insurance Policies Often Prohibit Some Breeds of Dog!

Many home insurance policies often prohibit you from having certain types of dogs as pets – because they can potentially cause problems (yes, that’s sad!). Some 4.5 million people are bitten by dogs each year, and about 20% of dog bites require medical attention, according to the Centers for Disease Control and Prevention. Dog breeds typically excluded from standard insurance policies are Mastiffs, Akitas, Alaskan Malamutes, Pit Bulls, and Rottweilers. If necessary, you can pay extra to add coverage for your dog, or by going around the market, you may be able to find a policy that covers your dog.

Your Home Insurance Probably Covers Damage Caused By Volcanoes and Meteorites.

While you might know that your home insurance doesn’t protect you against flood damage, it may cover much more than you think. Home insurance policies usually cover damage caused by volcanoes and even meteors, for example. However, calamities like floods, earthquakes are not usually included. It’s best to read your policy carefully or talk to your agent to find out precisely what’s insured and what’s not, so you can decide if you want to add other coverage, such as earthquake coverage.

Credit Ratings Can Have a Significant Impact on Your Insurance Costs.

You are probably aware of the credit scores that influence the mortgage interest rates offered to you. Still, you may not realize that there are “credit-based insurance scores” that can significantly impact the insurance premiums offered to you. According to Fair Isaac, the company behind FICO scores, about 95% of all car insurers and 85% of all home insurers use these scores when they are licensed. A few states, such as California, Maryland, and Massachusetts, restrict or even prohibit their use.

Companies believe that scores that reflect how you manage your money are apt to suggest the likelihood that you will make a claim. A report by TheZebra.com found that: “Drivers with bad credit can pay twice as much for car insurance as those with exceptional credit. Nationally, improving your credit score from “poor” to “outstanding” would save you 53% (over $1,400) per year”. Fortunately, there are steps you can take to improve your credit score.  

Auto Insurance for Teenagers Can Be Astonishingly Pricey.

It’s not just the cost of education that is covered when your teenagers start driving: You’ll need to get them covered by car insurance, which can be pretty costly. A parent who adds an adolescent to their policy can expect their new rate to be $6,186, and in some cases, 227 % more than insurance for a single adult driver, and a teen who buys their own policy can be even more expensive. 16-year-old are involved in twice as many accidents as 18- and 19-year-old, therefore, adding a 16-year-old to your insurance plan can cost you up to $3,000 or $4,000 or more. (If you need this kind of insurance, look around the market, as rates can vary widely.)                                                   

Starbucks Spent More on Health Coverage for Its Employees Than It Did on Coffee!

Many Americans enjoy employer-sponsored health care – for themselves, their spouses, and their children. That’ s a no-brainer. In China, though, Starbucks has taken employer-sponsored health insurance even further by offering coverage for workers’ parents. It is limited to workers who have been with the company for at least two years and provides coverage for up to 30 critical illnesses for parents under 75 years of age who live in China. This sounds like a good idea in a country where many workers feel responsible for their parents, and it can make Starbucks a more competitive employer. It’s not unthinkable that new types of insurance will also be offered to Americans. We did not always have pet insurance, for example.

These are just a few of the surprisingly cool things to learn about the world of insurance. The more you know, the more you can save! Are you looking for a reputable insurance agent or insurance quote in Rockledge? Have Mimbs & Associates Insurance on your speed dial. Backed by years of experience, they are experts in protecting your property and your family’s belongings.

Opting for the right health insurance plan is crucial as this will help you get the best treatment for yourself, your entire family as well as your four-legged family members. However, deciding which health insurance to choose isn’t an easy task! There are tons of insurance companies in every city these days that provide high-quality insurance plans. Nearly half of all employers with 250 or more employees offer more than one policy, all with different copayments, benefits, premiums and deductibles. But how do you go ahead and pick the right insurer? Here are a few things to keep in mind when selecting the best health insurance plans for your family –

Look at Out-Of-Pocket Costs

Focusing on the monthly premium is one thing, but keeping track of the deductible, copayments and co-insurance is also a key factor. These three elements are your maximum expenses. Under the Affordable Care Act, the maximum reimbursable expenses are $7,150 for a single person and $14,300 for a family policy.

Consider Your Life Stage

Let’s assume the next coming years turn out to be just like the past five. You go for regular medical checkups two to three times. Your partner is as healthy a horse (as long as he/she swallows his cholesterol pill every day). And your kids, well, let’s just say they have an average of one cast and 15 stitches a year. And therefore, choosing an appropriate insurance plan tailored to your individual needs is crucial.

While taking cheap health insurance plans, it is essential to consider your health, age and financial situation. Selecting a policy with a lower deductible and copayments is recommended if you’re suffering from one or more health problems that require ongoing care (such as heart disease or diabetes) or expecting a baby. Of course, you’ll be paying a higher premium, but your overall out-of-pocket costs may be lower. The insurance agent can help you make a better decision with your health insurance based on all of this information.

Number of Family Members

Are you taking health insurance or term insurance that covers all your family members? Along with the number of family members, their life stages matter too. The cover amount needs to be able to support everyone’s lifestyle and spending capacity in case of any unfortunate incident where the insurance will be used.

Check the Drug List

All insurance plans generally provide a detailed medication list and copayment covered. So, be sure to buy an insurance plan that offers a prescription drug benefit high enough to cover all your needs. If your drug isn’t on the list of medications covered, you may have to pay 100% of the cost. It is also an excellent idea to check whether your insurance plan includes a mail-in prescription option; it can save you some bucks on your regular prescriptions.

The benefit should typically cover at least $1,000 per year. With only a few prescriptions, you can easily reach this amount, especially if your doctor prescribes a medicine with no generic substitutes.

Go Over the List of Benefits

Usually, all individual and small business plans should cover prescription drugs, hospitalization, emergency services, mental health and addiction treatment, preventative services and rehabilitation services, maternity and newborn care, pediatric services (including vision and dental care), laboratory tests and out-patient care. However, the specifications of the plans available through your employer may vary, so make sure to read the plan’s Evidence of Coverage.

Also, don’t forget to double-check your prescription coverage each year when re-enrolling in your insurance plan. Many insurance brokers tend to amend their policies and drug coverage frequently. So, it is wise to look for another insurance provider if your daily medications are abruptly withdrawn from your coverage.

Maximum Age Renewal Option

Although you don’t really use your health insurance when you are young, as you get older, health care costs increase and you will have a greater need for health insurance coverage. So, make sure to check whether your health insurance plan features a more comprehensive renewal option with the best pricing. Opt for lifetime plans with renewability options available beyond age 65 – it will pay off in the long run for you and your family.

Choose the Right Insurer Too

While you’re reviewing all these policies and benefits, it’s also wise to choose the right insurer. Look for insurance companies with higher stakes settlement rates (so you don’t have to fight over your claims). Are you looking for a trusted insurance agent or an insurance quote in Florida? Get in touch with BREVARD INSURANCE & MARKETING – they are experts in the protection of your possessions and those of your family.

When shopping for the best insurance policy, you’ll surely be spoilt for choice. Therefore, if you want to pick the crème de la crème, simply do your homework! Hopefully, these smart tips can help simplify your selection process.

Follow us

Partenaires