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Inviting an life insurance agent into my home vs Online Life Insurance Broker

Online Life Insurance Broker

Life insurance is a difficult subject; it is a decision we all have to make, and a thing we all should have. It could be a simple policy that will pay out when we die ensuring our families are not overly burdened. Or it could be an investment for our retirement. The industry is full of difficult language, clauses, contracts, exceptions and fees. It is a minefield waiting to catch the unwary, and one that some people dread to walk upon. Online Life Insurance Broker makes things more secure, quicker, more conveniently and less expensively.

Insurance Broker

That’s why we have insurance brokers! They are here to make the minefield seems a little less perilous and safer to walk through. They are here to make sure that you connect with the policy that suits you best; not one that suits the pockets of the insurance company better. They act as intermediaries between you and the complex facts, forms and figures required by insurance companies.

Traditionally, an insurance agent would come to your house and they laid out their plans and proposals on your dining table. The whole night would be spent going through the facts, figures, dealing with difficulties and coming up with a plan. This plan would be tailored to something both afford. It would cover you sufficiently in the event of your death.

More than likely, your insurance agent was a local person. Someone you would see in the local supermarket but who also happened to be in the business. This broker would only cover the immediate area of their hometown.

Times moved on, and we moved into the online age.

Today you can have a similar discussion with a Online Life Insurance Broker. They will discuss the same things, however they can offer more up to date facts and figures. Now as they have so much more to offer at their fingertips than your neighborhood agent had in their briefcase. The only difference is they are not sitting in your home.

Or is that the only difference…

Consider the old scenario again. You would phone up your agent and arrange a time for them to come to your home. It wasn’t exactly dynamic was it? You had to dedicate an evening to the process. Additionally the only facts you were presented with were the ones they brought with the. Many clients report feeling under a little pressure to sign something before the evening was out. After all; you felt guilty of wasting their time. If you didn’t sign the contract you would have to avoid them if you saw them in the street in the ensuing weeks.

Today’s world doesn’t work like that anymore. In today’s world we expect to have the world of technology at their fingertips. Someone able to offer us any answer to any question. We expect them to be there when we decide, not at a mutually acceptable time; be it 3:30 in the afternoon, or at 8pm when we get home from work. We have the ability to double check any fact or figure they may quote us, instantly using the same internet technologies that they are using. And, a big and: we have the choice to say yes, or to say no, to move on and find someone else to help us – no hard feelings.

Today’s Online Life Insurance

In short, in today’s world, we want answers to be fast, efficient and accurate. Forget the social chit-chat, we are discussing business, and when we are finished we want to continue with our normal lives satisfied with a job well done – mission accomplished.

An online broker offers all of that. They are sitting in their office when you speak to them (it can be a chat session, Skype phone call, or just exchanges of emails) so they have all of the facts and figures of their whole company at their fingertips (no more – “let me check with head office” – they are in the office). Online Life Insurance Brokers are at work, and have lives of their own, so it is not in their interest to try and spend hours talking to you. They will professionally convey the facts and figures, discuss your concerns and worries, make suggestions about policies and terms and let you make the decision. There is no pressure to sign the deal before they leave, they can pick up the conversation tomorrow or the next day.

If you need time to look at the policy, simple, they email it to you and you take your time to read it, no one looking over your shoulder. You can still question any part of it as you would to an agent sitting next to you, or you can end the conversation there and say you will contact them again when you have looked through the documents.

Choosing an Online Life Insurance Broker

Of course an Internet broker does lack some of the personal touch that a visiting agent used to have. But ask yourself a question; when was the last time you asked the man from the electricity company to come round for dinner when you were deciding which energy plan to use in your house? You didn’t did you? It was a service you needed, you handled it like any other service you need in today’s world, online or via the phone.

 

Pilots and Life Insurance

Pilots and Life Insurance

For the most part it is a good idea for everyone to have some form of life insurance coverage. There are so many people that do not have the life insurance coverage that they need. Many of these individuals find out that the hard way that having coverage is important. It truly is the difference from being able to leave something behind to loved ones or leaving loved ones with a mountain of debt and worry. Pilots and Life Insurance provides the opportunity to have a unique discussion continued below.

Most Pilots that really feel they need to have the security that life insurance offers. They take the time themselves to identify the companies that are willing to provide the service. Because some companies consider piloting to be “high risk”, they worry that they will have an issue getting life insurance. Other times they feel that their insurance premiums will be high. This may not always be the case. It is best that you take the time and research various companies in order to find the ones that are willing to offer such the best value.

Why Should Aviators Obtain a Policy?

Some people may wonder why should pilots obtain life insurance coverage? Well, many pilots are aware that their jobs have a certain level of risk. These individuals may love what they do, but they understand that at any time circumstances beyond their control could put them in a place where their lives are at risk. Thus, for these reasons life insurance for pilots is in fact a necessity.

Life insurance for pilots provides a number of benefits to both the pilots and their beneficiaries. It really does allow pilots to have the security of knowing that their families will be provided for in case an accident of some sort takes them away from their families. Life insurance for pilots is offered in different options that will allow the beneficiaries to receive monetary benefits over time or all at once. Pilots seeking life insurance must be very clear about what is best for their families in case of their demise. In any case, it is always better to be safe than sorry. Life insurance for pilots provides the security that pilots need to be able to do their jobs or hobbies without worry.

Options for Aviators

There are different policy options for pilots. Pilots should take the time to contact a life insurance broker and inquire about the various benefits that are available for them. Life insurance for pilots is available for both commercial and private pilots. Some commercial aviators may be able to obtain life insurance policies via their employers. However, those seeking additional coverage will find that the type of flying one does will affect insurance rates.

For example, commercial pilots that merely transport people between licensed airports should be able to receive standard rates. However, pilots that fly to and from non-licensed places will find that their policy rates will be higher. This also applies to hose that do a lot of charter and cargo flights as it is more difficult to ensure the protection of a pilot.

Likewise those who fly privately is also affected by certain factors. The more experience and hours of flying a aviator has, the more likely he/she will qualify for standard life insurance rates. Young, inexperienced pilots are a risk, and this is reflected in the policy rates. Plus, the type of geography associated with flying is also important. Pilots that travel over mountains will be more money for policy than those that fly over fields.

Life Insurance and Security 

Ultimately, life insurance for pilots provides a certain level of security that is highly needed. Many pilots simply want to know that should anything happen to them their families and loved ones are taken care of fully. The job of a pilot can be very adventurous. Traveling to and from to different places can be exciting. However, the other side are all the possible issues that can make being a pilot risky. Sudden changes in the weather, runway issues and terrain problems can cause disturbances that can threaten the life of any pilot.

Choosing Life Insurance Beneficiaries

Choosing Life Insurance Beneficiaries

Nobody likes to think of dying, but as it is a fact of life it must be given consideration at some stage in your life. Typically, people will start to think about life Insurance when they start families or relationships. Other reasons are if they enter into agreements where they require security in the event of their death. Choosing life insurance beneficiaries could be difficult.

What Should I Take Into Account

Who are the beneficiaries going to be is an important one. Does any money paid out go automatically to your spouse, children or bank? If you are in a stable relationship, but not officially married, does your partner automatically receive payment?

We have all seen where people have died and their families have hit the headlines while battling among themselves. They are battling over the estate, monies the deceased had, or was entitled to from their insurance policy. When you take out a life insurance policy you can name your chosen beneficiaries. If you fill this out any monies due at the time of your death will go directly to them. Typically claims are paid without question and within 30 days.

If you do not fill out this section of the document, any monies due at the time of your death will go to your estate. (The collection of assets you owned at the time of death). The lawyer holds the estate “in probate” and decides depending on circumstance how the money is distributed.

Normally, the lawyer handling your estate has to respect the contents of a will and distribute the estate as the deceased required. This process can, however, be contested in court by relatives of the deceased for a multitude of reasons.

Your Responsibilities with Beneficiaries

If you have completed the beneficiary part of your insurance document, it is your responsibility to make sure that it is up to date. Changing it as your circumstances change. (For example; when you first got married you took out a life insurance policy and named your, then, spouse as the sole beneficiary. Later on in life you divorced and re-married. In the event of your death any monies due from the insurance policy will automatically go to your first spouse – unless you changed the beneficiary listed in the policy and named your current spouse.)

Changing the beneficiary listed on your insurance policy is fairly simple. Most insurance companies will simply require that you fill out the appropriate forms. Whereas changing a Will usually requires the actions of an attorney.

When choosing life insurance beneficiaries on a policy you have a number of choices:

  • You can name a sole beneficiary: In the event of your death the policy is paid directly to them.
  • Name primary and secondary beneficiaries. In the event that the first beneficiary dies before you do the proceeds of the policy will go to the secondary beneficiary listed.
  • You can name a list of beneficiaries and specify what percentage each will receive at the time of your death. The figures will be adjusted in the event of the death of one or more of the beneficiaries.

Can you name any one as a beneficiary?

Yes, you can name any one you wish as a beneficiary. They do not have to be a family member, or even connected to you in any way. Some clients name an unrelated beneficiary in cases where they have no direct descendants. Other options are to name a charitable organisations.

It is, however, important to inform the beneficiary that you have named them as such, because if the life insurance company cannot locate the listed beneficiary after a certain period the proceeds of your policy will revert to your estate. (Which, in the case of no descendants, may revert to the province)?

So, when you take out that insurance policy think about whether you wish to name a beneficiary, or let the proceeds go to your estate, which will respect the contents of your will.