While freshmen must patiently wait for their opportunity to join a sorority or a fraternity, the time for upperclassmen to rush is just around the corner. As previously covered by the Purple, some Greek life associations must also consider new financial policies that resulted in a dramatic increase in insurance prices this year. Last semester, Sewanee notified sorority and fraternity leaders that they will no longer be handling insurance. The new policy will not necessarily be a significant issue for national chapters who receive more financial support from their national chapters. However, smaller organizations may face financial stress while trying to keep costs low for their members. “We...
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Life Insurance Policy Administration Systems Market is expected to register a CAGR of 12.0% from 2018 to 2026 According to a recent market report published by Persistence Market research titled, “Life insurance policy administration system Market-Global Industry Analysis 2013–2017 and Forecast 2018–2026,” the life insurance policy administration system market was valued at US$ 4,482.0 Mn in 2017, and is expected to register a CAGR of 12.0% from 2018 to 2026. The need to remain up-to-date and its feature to maximize the ability to respond to changes in the business are among the major factors driving the life insurance policy administration system market. A life insurance policy...
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A guide to understanding your health insurance policy Mark Vallet - Last updated: Oct. 17, 2017 While the Affordable Care Act (ACA), also known as Obamacare, has helped simplify certain aspects of the health care system, health insurance is still incredibly difficult to understand. Health insurance policies are legally binding contacts, which can have a major impact on both your health and financial life, so understanding your coverage is extremely important. Waiting until you are seriously ill or involved in an accident to investigate your health plan is major mistake. Our guide will help you understand the basics of health insurance, how to read your policy, understand your type of...
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Life Insurance Policies INDIVIDUAL LIFE INSURANCE As time passes, we grow old, get married, build families and start our own business. No matter what the future hides for us, life insurance should always complete our financial plan and secure our priorities in life. At Medgulf, we are proud to offer you a wide-ranging list of products depending on your needs that will: If you are the financial supporter of your family, then life insurance is a must. It will replace your source of income and cover your growing family needs in case of any unfortunate event. With our “PROTECTA” product, you can benefit from the guaranteed renewability option that allows you to automatically renew your expired...
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NEW YORK, April 6, 2015 — Spring may be the traditional time of year for cleaning out closets and drawers and organizing attics, but it is also a great time to review of your insurance coverages, according to the Insurance Information Institute (I.I.I.). “Just as it is important to look at your wardrobe, electronics and other personal items to see what needs to be tossed, fixed, updated or stored for the coming months, everyone should do a thorough evaluation of their insurance coverage at least once a year,” says Jeanne M. Salvatore, the I.I.I.’s SVP and Chief Communications Officer. “So why not make a policy review part of your spring cleaning ritual?” As your life changes so do your...
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Walton Funeral Home staff is often asked about the right of survivorship an individual may have, in regards to a decedent’s bank account and it being “frozen” upon death. This varies from account to account and from state to state. The following describes the general rules of thumb regarding various account types. Your bank representative can provide more immediate and complete information by referring to the account set-up information. Joint account with absolute right of survivorship held by the spouse only: No tax waiver is required, and the surviving account owner will normally receive 100% of the funds upon the death of a co-owner. Joint account with right of survivorship held by two...
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Insurance is like a life jacket. It’s a bit of a nuisance when you don’t need it, but when you do need it, you’re more than thankful to have it. Without it, you could be one car wreck, illness or house fire away from drowning—not in the ocean, but in debt. But for something so essential to our financial well-being, insurance is a complicated—even uncomfortable—topic. So we’ve boiled your options down to the eight types of insurance policies you can’t go without. While each one is a must-have, you should consult an independent insurance agent to help you find the right types of insurance customized to fit your needs. Here are the eight types of...
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WHY do individuals surrender their insurance policies and HOW can they get a higher surrender value? Today’s article will touch on why two individuals decided to surrender their insurance policy and how they manage to extract a higher value from their policies through fidentiaX. Here are the two actual scenarios of policyholders who sold their policies to fidentiaX: Tim owned a Single Premium endowment policy that was set to mature next year. However, Tim was to relocate overseas for work and will not be back in Singapore in the long term. Hence, he decided to surrender his endowment plan before the policy maturity date. He approached his insurance agent as well as his insurer to surrender...
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Home Insurance Policies Your home and personal belongings are among the most expensive items you will purchase in your lifetime. Make sure you take the necessary steps to protect your investment. Whether your home is a house, condominium, manufactured home or duplex (even if you are a renter) it is essential you are properly protected and insured. A homeowner policy is a protection package that provides coverage for your property, medical payments for others, and protection against claims someone else makes against you. This type of policy is available for primary residence homes occupied by the owners. Below are type of coverage we offer. Coverage Types: This coverage provides for the...
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Early Stage Cancer or Carcinoma-in-Situ (CiS) 1. Lumpsum- 20% of Sum Insured (Increased Sum Assured in case the diagnosis happens after the first 12 months) 2. All the future premiums payable under the policy are waived and the policy continues. 1. 100% of Sum Insured (Increased Sum Assured in case the diagnosis happens after the first 12 months) less prior cumulative lump sum payments on the event(s) of Early Stage Cancer or Carcinoma in Situ (CiS). 2. 10% of Basic Sum Insured is payable for a period of up to 5 Income Benefit will be paid as and when due irrespective of the expiry of the Policy Term or in case of death of Policyholder. In case of death of Policyholder during Income Benefit...
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