Monthly Archives: October 2017

Key Man Insurance & Its Importance For Your Business

In a business organization, key man refers to a person who is of great relevance or whose presence is crucial for the successful functioning of an organization. It is not necessary that key man should be the CEO or COO of the company; he could be any person who possesses the knowledge, experience, and expertise to play a decisive role in any of the important business areas. Such a man could be an accounts manager, HR manager, sales manager, marketing manager, project manager, and the like.

Key man, as you would have got an idea, is very important for a business to continue in a stable manner. Suppose an organization ceased to get its key man’s contribution due to death, chronic illness, or permanent disability of such a man, what would be the effect on that organization? The organization would suffer losses, its business activities would be adversely affected, and it would even come to a standstill. So, is there any way to prevent such a situation? The good news is that there is, and it is called key man insurance.

Key man insurance, as the name suggests, is the insurance of the key man of an organization. It is also called key person insurance or key employee insurance. Nowadays, many financial advisor services firms provide professional advice on Key Man Insurance policies. We have discussed above that the presence of a key man is of great importance in a business organization and his/her absence could prove detrimental for an organization. In such a scenario, key man insurance provides a cover for the monetary loss that an organization would suffer in the absence of its key man, or provides financial support for the expenses (for example, salaries of employees, returns to investors, operational costs, etc.) that an organization has to met in times of financial difficulties.

Key man insurance is important for your business due to the following reasons:

�It covers the monetary risk that arises when a key man leaves an organization.

�It provides money to an organization to meet its important expenses like wages of employees, payment to shareholders, mortgage amount, etc., even in times of financial difficulty that occurs due to its key man being not there.

�The organization has also to look for a replacement of the key person lost; this could prove very expensive depending upon the area of business the key person was handling. Key person insurance has the provision of providing fund for such an expense as well.

�Key person insurance is even more helpful to small organizations because loss of a key employee, in most cases, would mean death of the organization as well. Key person insurance provides a chance to such organizations to recover.

Process Of Filing A Death Claim And When It Is Not Payable

The process of filing life insurance death claim is quite simple and straight forward. The first thing to do is to intimate the insurer. The claimant should contact the insurance agent from whom the insurance policy was purchased. He/she will guide you through the process of submitting different documents and the procedure. If the claimant does not know the agent then the insurance company should be contacted directly.
1. Claim intimation: The claimant has to submit the Claim Form to the insurance company. The forms are available with the insurance company’s branch offices or can be downloaded from the insurer’s website. The Claim Form requires information like the insurance policy number, name of the insured, date, place and cause of death, name of the claimant etc.
2. Submission of required documents: The claimant needs to submit the original policy documents and the death certificate. The other documents required are �
a)For natural death/ death due to illness- medical reports, attending physician’s report.
b)For unnatural death/ in accident- autopsy report, police FIR, Panchnama report.
Depending on the sum insured or cause of death, the insurance company may require some additional documents/ certificates.
Once the necessary formalities have been completed, IRDA regulations stipulate that a claim be settled within 30 days from the day all documents are submitted. In case an insurance company needs to conduct further verification, all procedures should be completed within 6 months from the date of claim.
Speedy settlement of claims is a service that a life insurance company is expected to provide, but there are some circumstances when the insurance company can deny the sum insured and the claim is not payable. Some of those reasons are:-
1. If the policy holder, whether sane or insane, commits suicide within one year of the commencement of the policy then no claim is payable.
2. Death occurs under circumstances mentioned in the Exclusions of the policy for e.g. due to participation in a hazardous activity like sky diving.
3. Misrepresentation of facts relating to health- an insurance company can refuse a claim if false/incomplete information is found to be given at the time of purchase of policy. However this can be done only before the �incontestable period’ i.e. within 2 years of policy commencement. If the insurance company proves that certain information provided was done fraudulently, for e.g. someone other than the policy holder takes the medical examination, the death claim can be forfeited even during the incontestable period.
4. One very commonly told fib by prospective policy holders is that they are non smokers when in fact they are not. In a risk cover for critical illness especially, it is very important to disclose the insured’s smoking habits truthfully. Discovery of non-disclosure of the insured being a smoker could lead to the death claim being rejected causing tremendous difficulty for the nominee.
5. If it is found that a person had taken a life insurance policy for another individual with himself/ herself as the beneficiary with the intention of murdering the insured for gain.
A life insurance policy is a contract of �utmost good faith’, meaning that both the insured and insurer are mutually obliged to disclose all facts known to them that are relevant to the policy. It is imperative that the insured honestly discloses all information required while buying an insurance policy to ensure a problem free settlement.

Monsta Clothing Announces Brand New Line

FOR IMMEDIATE RELEASE

Fitness and workout gear company Monsta Clothing has recently announced the launch of a brand new line in their GymWear clothing series. The new items include t-shirts and bodybuilding tank tops that reflect the company’s mission to provide workout clothing and outfits that fit well and are built to survive even the toughest competition. Those who would like to see the new GymWear products or purchase items from the line can do so at the Monsta Clothing website.

Chris Cuadras of Monsta Clothing commented “We started this company with the intention of creating workout clothing that was not only made of high-quality material but also made athletes and anyone else who wore it feel like a high-quality competitor. Our workout GymWear t-shirts are at the heart of our brand and are what has brought our company worldwide recognition. Because it’s our flagship series and the thing that best represents who we are and what we stand for, we are happy to be carrying on the tradition and adding new weightlifting shirts to a line that competitors can wear both in and out of the gym.”

Monsta Clothing has been an innovator in bodybuilding clothes and fitness and workout gear for men, women, and children for nearly a decade. As a real homegrown U.S. based company, their success comes from their roots as a group of people who came together to provide a quality product for the fitness niche with quality service to match. Monsta’s style is always casual and fun, and the newest line in their GymWear series is no different.

As Cuadras goes on to say, “For most athletes and gym-goers, working out isn’t just something to do – it’s a lifestyle. We are proud to present this new line in our GymWear series because we truly believe that the items we’re putting out reflect that fact. The shirts fit well, the messages are incredibly motivating, and each product was designed to remind everyone in the Monsta Nation how truly awesome they are.”

The new line in the Monsta Clothing GymWear series as well as other items from the world-famous brand are available at

About Monsta Clothing:

Monsta Clothing Company produces hard-core bodybuilding clothes, powerlifting gear, weightlifting shirts, mixed martial arts (MMA) fight wear and trendy-hot workout clothes for men, women, and children.

Long Term Care Insurance Can Give You Peace Of Mind

None of us wants to think of becoming incapacitated and needing long term care. But it happens. If you are part of a married couple, you have a 70 percent chance of one of you needing long term care. If you are single, you stand a 40 percent chance. These percentages are bound to increase as baby boomers begin to age.

Long term care insurance can give you a peace of mind. Like health insurance, long term care insurance works to pay benefits to long term care facilities. They will cover what Medicare and other insurance will not and allow you to retain your savings.

Most of us do not plan for long term care and by the time we need it, it is too late. We cannot count on our children being able to care for us. With so many people living well into their 80s and 90s, it is very likely that the “children” who are to care for them are of retirement age themselves. This can be too much of a burden for an older person to take, no matter how much they want to help.

As you have worked and saved all of your life, you probably want to be able to leave something to your children when you pass on. You do not want to end the last of your days on public aid, in a long term care facility that is too far away for your children to visit. But that is what happens to people all of the time.

The way that long term care works is that you have to sign over all of your assets when you enter with an irreversible condition. When they are used up, you then go on public aid. There is no guarantee that the nursing facility will keep you once you are a ward of the state. They can then transfer you to another facility that may be much further away.

You cannot count on Medicare to pay for your care. They will pay a fraction of what it will cost to take care of you. And do you really want your children or loved ones emptying their bank accounts to pay for your care?

If you plan ahead and get a long term care health insurance policy, you can be covered. These policies will pay $150 a day for your care for a four year period. You can use the money when and if you need it. You can also get an inflation clause in your policy so that the $150 that is good for today will cover what it costs 20 years from now.

The amount you will have to pay for a long term care insurance policy will depend upon certain conditions such as your age and general state of health. But planning ahead for this kind of care is essential if you want peace of mind and do not want to have to worry about becoming a burden on your loved ones as you get older.

Earn Some Extra Money Working At Home

An individual who stays in the house together with the kids might not wish to completely stop generating money to do so. Although they’re going to mainly be looking after the children, there are occasions when they can sit down at the computer as well as accomplish a little bit of work to be able to make the money they’ll need. A mother or father who desires to do this will need to explore a few of the ways they are able to help to make cash from home.

Publishing a blog or composing content for other individual’s blogs could be a wonderful income source. Money back websites can easily supply them with some cash too. They might furthermore desire to take into account investing some money. Anytime they will have free time at home, they’re able to view sites to find out a lot more about precisely how to invest their particular cash. The right investments may help their funds develop significantly and could make it less difficult for them to be able to generate a little bit more money. All of these strategies, and more can be blended also so they can make just as much funds as is feasible while working from their home.

In case you wish to find out much more concerning working from your home whilst you look after the youngsters, you could wish to browse the info linked here. You are able to additionally find out more and find out here now precisely how you’ll be able to start doing a few of these.

Support Your Family By Buying Health Insurance

Many people do not seriously consider investing in health insurance until it is too late. It could be that they did not understand it, it’s importance, or think they could afford it. This article is packed with tips and tricks that will help you to understand various aspects of health insurance coverage.

Figure out the costs before getting your own health insurance. The specifics on insurance and their co-pays, premiums, and deductibles can be very difficult to understand fully, make sure you do your homework!

Anticipate that your insurance policy’s language will have at least some loopholes in the coverage it provides. Make sure you read the policy thoroughly, so there are no surprises about what it doesn’t cover. Be aware of what items you are required to pay for out of pocket and be prepared to do so.

If your eyes already have issues, or vision problems exist in your home, then vision insurance proves a smart buy. The insurance will cover a percentage of your check-ups and your glasses or contact purchases. Of course, nobody is forced to have vision insurance, and you can save a few bucks a month by not having it.

Make sure the doctors and medical facilities you routinely use recognize the insurance you are considering before you sign up with the plan. To get a list of doctors that accept the health insurance you’re considering, simply visit the insurance provider’s website.

If you plan to have a baby soon, you should find a healthcare plan that will cover all expenses relating to your pregnancy, labor and delivery. This is extremely important because there are plans that will not cover certain pregnancy and labor needs.

If you are relatively healthy and do not visit the doctor often, start an HSA (Health Savings Account). The money you are not paying in premiums and insurance deductibles goes into this account to be used for future medical expenses.

Read your bills when they arrive. You may think that because you have health insurance that the additional costs you have to pay will be low. In some cases though, this can be wrong, especially when the cost of prescriptions are taken into consideration. Generic versions of medications are often ignored by doctors writing prescriptions. Don’t forget to shop around. Generic medications can vary in each pharmacy.

The options are multiple for obtaining good health insurance. Research as many options as possible before signing up for health insurance. Don’t make any decisions unless you are certain that you comprehend the pros and cons of all of your available choices.

Health insurance may be complicated, but knowing what you are doing makes it easier to understand. You just need to take a little time to educate yourself. This article is the perfect example; it states some great tips from people who have made these same decisions and the outcomes they have received.

22 Lessons Learned: Resources

The Importance of Women’s Sexual Health When talking about what makes sexual health a good one, this does not only mean sexual intercourse. The women need to understand that aspects like sexual orientation, how the body works, accepting sexual desires and knowing what will turn you on and what turns you off are included. The unwanted pregnancies, choosing a form of sexual expression that makes you comfortable and knowing how you can protect yourself from the sexually transmitted diseases (STDs) are included as well. The first step to sexual health and this is the step that women need to understand and this is none other than accepting the sexuality that you have. The fact cannot be denied that the way sex is perceived by people is greatly affected by how parents and society looked at it. Talking about sex has become a taboo only in today’s time. And it is as a matter of fact because of this that the children have come to think that sex isn’t a good thing and this is most especially true for the women. And women automatically register the disapproving voices that are talking about homosexuality. These are the kinds of false ideas that can be brought until the adulthood of people and will therefore be a hindrance to a good sexual health. There are actually other effects and these are: the approach to sex is negative, feelings of guilt or shame when doing sexual activities and a feeling of reluctance to fully explore sexual activities. What you need to keep in mind with your sexuality is that this is an important part of who and what you are today. The overall positive effect of having your desires is that women can creating a self-image that is healthier and enhance their sexual experiences. As a person and as a woman, you should never accept anything that you are not comfortable in most especially when talking about sex. It is definitely wrong to put up with activities that are sexual that make you feel humiliated, hurt or embarrassed. It is actually possible for you to be able to choose a sexual expression that you are comfortable in and empower you to control your sexuality. This method is none other than the knowledge on what gives you excited and pleasure knowing what you exactly want from the sexual relationship.
Why Wellness Aren’t As Bad As You Think
A good sexual health also means that you are aware on how you will protect yourself from the sexually transmitted diseases or STD. Talking to a gynecologist is the best solution for the women that have any inhibitions, fear and doubts. The important aspects of sexual health are: learning various kinds of STDs, what your options are if you have been infected and how to know if you have one already.Lessons Learned About Health

Make Sure You’re Going To Have Premium Quality Video Clips For Your Webpage

The entire goal of a company website is actually in order to attract brand new shoppers, however a number of them don’t have the proper content. Whenever the business owner would like to bring in as numerous potential shoppers as is possible, get them to spend time on the webpage, and also possibly turn out to be clients, they’ll wish to have a selection of good quality website content that offers them more info and causes them to be a lot more serious about the company. One of the ways to be able to create premium quality content is to develop video clips with the assistance of a video production company.

A company owner could develop a video presentation by themselves, but it probably will not be as finished as one produced by a specialist. They will desire to ensure they will work with a Web Video Production business that is aware of just how to create video clips for a website to be able to make sure they will capture the eye of potential customers as well as help keep them on the web site and serious about the company. They’ll recognize exactly what length is great for these kinds of videos, just what content is going to be beneficial and entertaining, as well as just how to edit the video presentation to make certain it appears skillfully completed.

The business owner can take some time to speak with a video production service to learn a lot more concerning the expert services they will offer as well as just what they might accomplish to help the business webpage have the innovative website content it needs in order to appeal to completely new prospective clients. They’re able to develop as few or perhaps as numerous videos as the business owner wants, and also might develop types that talk about the business overall or in regards to the products or services available from the organization. The main aim is to be insightful, with interesting a very close second in order to be sure the possible clients will enjoy the online videos they watch on the webpage.

If you would like to attract new prospective buyers for your company, ensure your site has the high quality content material it needs. Take the time now in order to explore affordable web video production to make sure you might develop affordable online videos for your web page that your possible shoppers are likely to enjoy. Anytime they’ll enjoy the online videos, there’s a greater chance they will stay on the webpage longer and buy something.

Planning Your Family’s Future Thanks To Life Insurance

Though it’s not something most people love discussing, it’s unfortunately something you need to have. It may be tough to swallow, but life insurance is an integral part of estate planning. This article will give you advice on purchasing the right life insurance policy for you.

Term insurance can be more affordable but it is not a permanent policy. The main selling point for this kind of insurance is the fact that it is inexpensive. Whole life policies are permanent assets, though, and you can even borrow against them. On the other hand, term life insurance only lasts as long as the payments are being met.

You should compare the prices offered by multiple insurance companies before deciding on one to work with. You can find a price variable that nears 50% between providers. Take a peek at the internet to find the lowest prices among competing companies. Make sure that any quotes you receive consider your medical history.

When you are looking at life insurance policies, be sure to include coverage that is for both fixed expenses as well as ongoing expenses. Life insurance is also use to pay one-time expenses like estate taxes or funeral costs, which are often times be quite high.

Fully disclose any high risk activities you participate in. It will cost more money but it will help you stay covered. If you withhold information about your dangerous hobby or job, and then you are injured, you might be held responsible for committing insurance fraud.

If you’re filling out life insurance online, don’t give out too many personal details. Scammers will use the false pretense of selling life insurance to get your information and steal your identity. Keep in mind that for a preliminary price quote on life insurance, you only need to reveal your zip code.

After you have bought life insurance, make sure that anyone who is affected knows about the policy. Let the beneficiary know how much the policy is worth, where to find the documentation for the policy, and the details of who to contact if something happens to you.

One of the most obvious ways to get cheaper life insurance is by becoming healthier. Healthier people are often rewarded for their lifestyle in the form of substantial discounts in their insurance policies.

Quiz your agent on important matters and pay close attention to how they answer. Find out if you can renew the policy, if can you cancel the policy any time you desire, and also ask any questions you may have regarding premium guarantees. It’s important to know these answers to ensure the best deal.

Stay away from brokers who are overly pushy or arrogant about their knowledge when trying to sell you life insurance. Most agents are going to earn money based on the policies they sell and the subsequent amount of those policies, so they may be a little overzealous when pitching a plan to you.

As you know, death can strike at any moment and without warning. For many people, it happens unexpectedly. If you aren’t prepared, your family is at risk for losing everything once they lose you. Using the advice from this article will help you set up a sufficient plan for your family when you pass away.

Questions About Insurance

Purchasing any type of insurance, be it auto, home or renter’s, can be extremely frustrating. Don’t let your insurance needs be a source of frustration or confusion. It is possible to purchase a policy without any stress if you have the proper knowledge and advice. Use the following tips to get started.

To help you get a discount, you should consider purchasing your insurance policies from a single company. Insurance providers have a handful of discounts that are available, but bundling discounts is an industry standard practice. If you are going to shop for insurance, consider getting more than one policy to save money.

From the moment you file an insurance claim, document everything related to the claim. Keep track of your claim’s progress by maintaining a record of every communication you have with insurance agents. Follow-up letters or emails can get written confirmation of what was discussed or decided when you talked.

Knowing what is offered is key to choosing the right insurance policy. Ask your insurance agent for more information if you are confused. Worried about the integrity of an insurer? Run the policy by someone you trust who knows how coverage works.

Look for bundles that insurance companies offer, in order to save money. For instance, you can consider purchasing an insurance policy for your car and a boat or motorcycle with the same company. You will be able to find bundles that cover your vehicles and your home. You should see to it that you are buying insurances that you need.

Yes, your premiums can be reduced by raising your deductible, but there are ramifications. This causes you to have to pay for small things out of pocket at first, but your monthly bill will be much less. Add all these little expenses up to figure what your best deal really is.

It is always cost-effective for you to shop around when searching for insurance. It is all too easy to just stick with the insurance you have, rather than putting in the effort of looking for a better deal. Comparison shopping can save you a significant amount of money, so you should invest some time into looking at different insurance policies.

You should refrain from filing claims that are small, even if they fall under your coverage. Your premiums will go up and cost you more over time than you’ll get back on your claim. If you spend a few years without filing a claim, you may get a discount on your premiums. Your full coverage will still be there for use if there’s a significant incident.

You must make sure that you have full, complete coverage when getting a new policy or switching from a current policy. You do not want to risk having any period of time when you do not have insurance coverage because of a gap between your termination of one policy, and the effective date of your new policy. Even though it’s more expensive, higher premiums are worth the full coverage.

As with other insurance, if you raise the deductible, you will lessen your premium. It is also a good idea to have a high deductible to keep you from filing frivolous claims that will raise your premiums. If you choose to take a high deductible, you are far less likely to file a claim at the drop of a hat.