Insurance to Make the Most of Earning Power

By Kyle Y Widner

Businesses often have one thing in mind - to earn money. The higher the dollar amount attached to a corporation, the higher its value is seen. A company's good will is seen as the difference of its earnings when compared to just the earnings of its actual products. People are willing to pay money to keep their current and future earning potentials secure. And this idea of having financial security can also be applied to having insurance.

Crunching the numbers

Say that you have a machine that produces a small part needed for car manufacturing. If you subtract the amount that it costs in interest and supplies to keep the machine running, it earns a net total of $5,000 a year for you. Now if you know that the average lifetime of the machine is 20 years, you can expect it to earn $100,000 in its lifetime. So if this machine should be destroyed in a fire after only 5 years of operation, you would lose approximately $80,000.

You can use the same information to put a price tag on the life of any person in the household that is making a paycheck. Shouldn't this earning potential be as important as that of the machine?

Going back to the machine, think of what happens if the machine breaks down. That year, instead of earning $5,000, it costs $5,000 to get it back and running again. This same equation can be paralleled by a family member becoming ill and not being able to work. The family member not only is not bringing home a paycheck for that week, month, or year, but he or she is now costing the family money in the form of medical expenses, food, shelter, etc. This is where insurance comes in.

Protecting employees equals protecting the business

A valuable employee is to a business what the family breadwinner is to the family. More and more companies are starting to realize what an asset a good employee can be when it comes to making money. Therefore, more companies are taking out insurance policies for employees, and the higher up in a company someone is, the higher the dollar amount of the policy.

The debt scenario

Just like a machine can either earn or cost a company money, the actual books of a company can also do the same thing. The accounts of a business are expected to perform in a certain way, and preferably with an increase in earning. However, bad debts can decrease the amount of net income a company brings in at the end of the year. The only way to protect against these bad debts is through insurance. Insurance can protect the building or assets itself, the business, and the value of the goods. This only holds true for the value of the policy, but the better your insurance policy is, the better the protection.

When you have insurance on your business, goods, and employees, you are investing in the future. You are safeguarding your company against future damages, so that if they occur, you do not have to worry about your financial status.

This author is a freelance marketing writer based out of San Diego, CA. She specializes in insurance, finance, and business.

Out of the Ordinary Insurance

By Isla Campbell

When people think of insurance, they most likely conjure up images of cars, houses, travel and pets but there are some not-so-standard insurance policies that you may never have thought about!

Believe it or not there is actually a company in Florida which offers insurance against Alien Abduction! You can insure yourself against being kidnapped by extra-terrestrials, and if you are snatched by a bright light from the sky, then you need to hope you are dropped back on Earth so you can fill in the paperwork and make a claim. So if you're worried about seeing UFO's near your home or have been watching too many X-Files episodes then this type of insurance could be just the ticket.

Many celebrities over the years have insured parts of their bodies that were vital to their success. Michael Flatley insured his legs for millions, Bruce Springsteen covered his voice and Egon Ronay took out a policy on his taste buds. It's unlikely that most of the general public would consider such extreme measures but when there's big money and livelihood at stake, it can often make sense.

The term 'moral turpitude' is not one you hear every day but it refers to a type of insurance policy that covers celebrity endorsements when they go wrong. If, for example, a company paid a celebrity millions of pounds to endorse a product and then during that time the celebrity was convicted of wrongdoing then the policy would protect the company's investment.

Sporting events also come into play within the insurance market and not just in the way you might think with regards to sponsorships. Big sporting events like the Olympics and the Superbowl are often heavily insured against things going wrong and the event not being able to take place. One policy even covered Scottish football fans for trauma should Scotland ever go on to win the World Cup. Another possibility could be to insure against being hit by a stray ball at a golf event or cricket match, because you just never know.

In recent years insuring your pets has gone from being considered rather quirky and unnecessary to being a must have item for animal owners, so who knows what areas of insurance may grow in popularity in the future? All it needs is one or two confirmed Alien abductions and a whole new market could open up!

For most people however, such insurance is nothing short of fantastical and the likelihood of finding insurers to cover such bizarre potential occurrences is likely to be slim at best. There is of course a more down-to-earth side to insurance however than all of these extreme policies and remembering to get a home insurance quote for example before you move house will prove much more useful in your day-to-day life than wondering if E.T. is going to pay you a visit.

Isla Campbell writes for a digital marketing agency. This article has been commissioned by a client of said agency. This article is not designed to promote, but should be considered professional content.

Insurance Quotes, Save Money When Shopping Online

By Dean Markham

In times of a recession threat, everyone is looking for ways to save money. And insurance premiums are one area you can cut costs immediately. However, most people don't shop their insurance because of the time and hassle.

Well not any more, with the advent of the internet you can simply go to your pc, open a browser, go to a search engine like Google and perform a search for the Commercial Insurance Quotes or what ever insurance type you are looking for. The search engine will return results of numerous websites where as you can log on to and request multiple insurance quotes by completing one simple form.

You can read about many different types of business insurance or personal insurances such as workers compensation, business auto, commercial property, general liability , personal auto, home owners, individual life insurance and health insurance.

Many have insurance terminology / definition sections so you can better understand the language used within an insurance policy. Find links to other insurance related resources categorized by state, websites like the specific states Department of Insurance.

Visitors can surf around the easy to navigate site and after determining what type of insurance they need, they can simply click the "Get Quoted" button found on each page, complete the short form and submit their insurance quote request, it's really that easy. Agents and Brokers will contact the visitor with quotes as requested.

All the time and hassle that used to be required when shopping insurance has now been done away with. No more sitting on the phone, calling from place to place to get multiple quotes so you can compare and be sure you are not over paying.

You simple submit one short form and wait for multiple quotes to be sent to you via email or fax, however you request. done at your convenience, from your home or office computer any time of day, 7 days a week.

Please keep in mind that when submitting insurance quote requests via the internet, ultimately, real people will be providing you with the services you requested and that it will take a little time (up to 72 hours) before an agent or broker contacts you, so please be patient. For example, if you request an insurance quote on Friday evening, unless there is an agency open on Saturday or Sunday, you most likely will not hear from anyone until Monday.

Dean A. Markham, Global Marketing Strategies, Internet Marketing, Online Business Promotion - http://www.ebiz-strategies.com internet business money making strategies. Check us out - All Insurance Quotes http://www.iquoted.us commercial insurance quotes.

Best Insurance Policy is an Inoculation Against Uncertainties

By Addi Vardhaman

Insurance guarantees a stated amount of money at the completion of a specified period. Besides providing for financial security in the case of ones untimely death, it can be used to accumulate a kitty for ones old age, for financing ones or children's education as well. It is also found that people very often take insurance just to save themselves from taxes.

Under section 88 of Income tax Act 1961, the government of India has offered tax incentives to life insurance products in India. The objective of this incentive is to facilitate the flow of funds for productive purposes. Under this offer a nominee of life insurance is entitled to a rebate of 20 percent on the annual premium payable on ones life or ones children. The rebate is deductible from the tax payable by the nominee of the life insurance. The rebate can be availed up to Rs 12000 at the most on payment of yearly premium of Rs 60,000.

The best insurance policy is the one with a proof that no one can take it away from the nominee after his /her death but only the one entitled to. One need not take out a number of insurance policies and take the burden of their management. Rather, take out only one i.e. the best insurance policy from a reputable company with a sound track record. One must ensure that ones life insurance policy pay out 15 to 30 times of ones annual income as capital when one dies.

By purchasing a life insurance, a potential customer purchases peace of mind. As such, a potential customer is all set to counter any financial crises that may come. On the other hand, the insurance companies to help the nominees meet such demand collect the premiums from other customers who face the same risk and pay out for the loss claimed by the customers. Insurance provides assistance even in times of drop in income after ones retirement.

Fortunately, a large number of private players have entered this field. As such, a potential customer has a wide range of products and services to choose from. Moreover, these many private players in the market offer products that specifically suit every type of customer. That is why the potential customers should devote certain time for life insurance comparison in India before actually applying for one. As the Indian insurance market is more diversified now with new products being launched at regular intervals, comparison of different life insurance policies help the potential customers get the best deal; it will help the potential customers reap the fruit of unique aspects of every insurance product and get the maximum profit.

With the introduction of the online facility life insurance comparison in India can be carried on via this mode as well, and perhaps, it is the most hassle free and the cheapest mode for this task. Seating within the comfort of ones home and just with the click of the mouse one can avail information of more or less all the insurance policies that exist. This facility can be utilised to clarify the jargon's and terminologies pertaining to finance as well. One can also avail of the experts opinion on the net. With the availability of various on line communities potential customers are able to join those communities and clarify their doubts pertaining to any insurance policy. Having devoted certain time on the net one can easily find the best insurance policy in India. Before applying for an insurance policy one should be clear in mind regarding the reasons purchasing a policy. Ones reason may be tax benefit or life coverage. Only after firming it up one must apply for one. Different companies have different eligibility criteria though the main coverage areas are similar. Thus, properly going through the policies is a must to find the policy that addresses ones needs properly.

About The Author: For more information about life insurance and general insurance. Please visit our website: paisawaisa.com/

Mortgage Insurance and Protection Choices - Protecting Your Home and Family

By Marilyn Katz

Mortgage insurance or mortgage protection seems like it can mean more than one thing to the average consumer. I want to save people time and money, and also to make sure they find the right products that will help them feel more secure with a large investment like a home.

Many people think of private mortgage insurance (PMI). This product is usually required by lenders if the homeowner still owes more than 80% on their house. The proceeds are paid to the lender in the event that the borrower cannot make payments. It does protect the lender, but was not designed to provide protection to the homeowner. It can usually be avoided by making sure that you, as a homeowner, owe less than 80% of the value of your home. Sometimes this product is also called lender's mortgage insurance.

Another popular product is mortgage life insurance. These are term life policies that have a face value or death benefit that will cover the mortgage balance. The benefit will be paid to the policy beneficiaries upon the death of the insured person. Sometimes these policies also have disability or critical illness riders (options) to make them more flexible.

A popular option is the Return of Premium rider (ROP) which will pay the policy owner back the premiums paid in the event the term expires, and the insurance is not collected. For instance, a mortgage life policy may have a 20 year term and a $50 a month premium. If the insured person survives the policy, they can get back a check for $50 times 12 months times 20 years, or $6,000.

Term life policies are popular and affordable ways to cover mortgages in the event of a homeowner's death, and his or her loss of income to the family. However, many of us realize we are more likely to be unemployed than to die in the course of paying off our mortgage. A new and popular US product is called layoff protection or private unemployment protection.

Layoff protection plans pay a cash benefit to the plan member in the event ot a layoff. This money can be used to keep bills current, and is in addition to any state unemployment benefits they are entitled to. It is extra security that a mortgage or rent bill can be paid, loans can be kept current, and other bills can be paid in the event of temporary unemployment.

A final product that most homeowners seek is homeowner's insurance. This is property insurance, intended to cover the actual building in the event of damage. It may also provide liability coverage in case another person is injured on the property.

Have you heard about income protection that can be collected in addition to state unemployment benefits. This product has been popular in the UK for years, but is unique and new in the US market. We can also help you find the best term life insurance quotes if you are looking for the best mortgage life insurance plan.