6 Steps to Cheaper Life Insurance

Life insurance specialists payingtoomuch.com offer valuable advice for customers thinking of taking out life insurance – before it's too late.






Chichester, UK (PRWEB UK) 11 June 2013
With the housing market starting to move again, demand for life insurance to cover the mortgage will also rise.
To help consumers find the cheapest life insurance, comparison website http://www.payingtoomuch.com has produced a simple six point checklist.

Read more ...

The survivor at the helm of Healthy Cities Illawarra

As a 'bowser boy' pumping petrol at the bottom of Bulli Pass Maree Kerr couldn't imagine the contours her life would bring.

She would soon be engaged to a boy she had met when she was 14 and now this, her first job after leaving school in year 10, she was content with having a steady income in a job she enjoyed.
Ambition and drive would come much later for the young girl who would go on to become a business executive and who has just been appointed the new general manager of Healthy Cities Illawarra.
The fact she was female didn't daunt her in her climb up the corporate ladder, but her lack of tertiary education would attract the ire of some of her male counterparts.
Not that she let their irritation, or occasional boardroom comment, bother her.
Tall, red-headed and full of life Kerr is a survivor - a force of nature.
"I think it more impacted them rather than my ability to perform the job," she says. "I left school in 1978. Not many people went to university back then and so it really wasn't ever a consideration. No-one in our family had been to university. I would never discount getting a degree in the future, but from a professional level, I'm very practical. I might not have that university degree behind me but I know how to get things done."
Kerr, a former general manager of Shellharbour Hospital is the current chair of Illawarra Relay for Life and a director of the Horizon Credit Union, Top Blokes Foundation and WEA Illawarra.
She's also been a regular judge for the Illawarra Business Awards after Shellharbour Hospital won the award in 2008 for best Community Sector Business.
In the first 18 months at the hospital Kerr oversaw a $1.2 million upswing in turnover. She later introduced a lucrative rehabilitation wing to complement the existing medical and surgical wards.
Kerr was offered the position by Peter Mangles, the then chief executive of the Westpac Lifesaver Helicopter, who co-purchased Shellharbour Hospital in 2007.
Kerr at the launch of the 2012 Relay for Life with Georgia Hazeldene, paralympian Tony Davies, and Holy Spirit students Tiara Dobbs and Tim Rowling.
"I had been doing some volunteer work with the rescue helicopter when Peter asked me if I would like to do some quality assurance work for the hospital. A few months later he told me he wanted me to be the general manager," says Kerr. "I thought he had the wrong person, heart's in throat, type of thing. But he said I know you can do it and I'm here to help you."
Mangles shared his extensive executive knowledge with Kerr, who says she was fortunate to have such a willing and generous mentor.
"He's so knowledgeable in a lot of areas that you can't help but learn from him," she says. "When you've got someone like him on your side, who believes in you, it makes you a better person. I certainly had no experience on how to run a hospital before that but now I know I could walk into any hospital and make it a success."
Kerr is a great networker and in her re-branding of the hospital made sure she was a constant figure at corporate functions.
"I earned a lot of rungs up the ladder when I was at the hospital, turning a business around really holds you in good stead," she says. "People know what you can do. You can't get successful results without going through a process of change. Don't get me wrong, I didn't do it all by myself, you always try to surround yourself with a good team."
She left the hospital in March last year when Mangles sold the business and opened her own consulting firm. Last month she turned 50, a milestone she celebrated with friends and family.
"It wasn't too traumatic turning 50," she says. "There's no psychological scarring put it that way. I'm like my mother in that regard. She's always said there are some things you can't stop in life and age is one of them. You've just got to keep going and push past it."
Kerr has had more of her fair share of trauma in life. She was 32 when her first husband Greg suddenly and unexpectedly took his own life the day after his 35th birthday.
They had been childhood sweethearts and had married when Kerr was 20.
"The wedding was at St Michael's church in Thirroul. It was beautiful. We had a great time and were married 13 years. We didn't have any children. His death was very sad, not just for me but for our families."
While she didn't know it then, looking back she now believes he suffered from depression.
"His death was such a shock to all of us. I just didn't see it coming, but looking back now the signs were there. When we were in conversation he would sometimes go very quiet and sometimes I'd turn around and say are you listening to me. He'd have this far away look on his face. He would be totally disengaged from the conversation."
She made a decision early on that she was not going to drag her friends into her grief so as much as possible she put on a good front in public.
"As soon as my front door closed behind me that would be the worst," she says, with tears in her eyes. "At a time like that you do a lot of soul searching, you strip yourself back. You ask yourself if you did anything, if you said anything that could have made another human being take their own life. It's a very hard and difficult time. Everyone copes differently with grief. Even though it's not logical you are constantly asking yourself if you could have done something to prevent it, to stop it. I know a lot of young men commit suicide. I know I'm not the only one ever to have gone through it. I wish I was. I wish I could say I was the last. In the end it was my family and my faith that helped me cope. Being Catholic and having a place to go was important to me."
Three years after the tragedy Kerr was married and had her first child Lachlan. She left her job of 17 years at AHM Health Insurance where she had worked her way up the ladder from processing claims to a managerial position in training and development. When Lachlan was 15 months old she re-entered the workforce as the business development manager at St Mary's Star of the Sea College. Her second son Isaac was born in 2002.
When she landed the job at Shellharbour Hospital her husband John offered to stay home and care for their children. A decision which allowed her to focus on work, although being a working mother she says is always a balancing act.
Happy family. Maree Kerr with her husband John and sons Isaac, 11, and Lachlan, 14.
"Family is everything to me," she says. "I love my job, but my boys will always come first. If they want me to go and watch them in a sporting event, or if there's something special on at school I make sure I'm there for them. On weekends we have family time which is very important to us all. I'm also learning that as children go through different stages they need you for different things. But throughout it all we've always tried to instil in the boys that you have to work hard to get the things you want out of life."
Kerr herself had an idyllic childhood. Her father was a train driver and she grew up as one of five children at McCauley's Beach in Thirroul, catching grasshoppers in the tall grasslands by the dunes.
"My parents built a house right on the beach," she says. "So our backyard was the ocean. It was a spectacular and happy childhood. We did all the things kids did back then. We went to church each Saturday and we learned to play tennis."
Kerr's work as chair for Relay for Life she says is inspirational and rewarding, particularly the Fightback ceremony where messages are given supporting the fight against cancer.
"Last year we raised $376,000, which is amazing," she says. "Although I think being the chair is the easiest job of all. I do the media and just make sure all the sub-committees are on track." Joining Horizon as a director was also an easy decision.
"I've always been a lover of the credit union and mutuals. I'm not a bank person," she says. "I believe what they stand for and I believe you get a different level of service."
As a female executive, in what is still regarded as a male domain, Kerr says her approach is to just keep moving forward.
"I don't focus too much on gender to be honest," she says. "With me what you see is very much what you get. I'm the same with men as I am with women. I don't profess to know everything. One of my strengths is that I don't hesitate to jump on the phone and bounce ideas off somebody."
It's still early days in her new role with Healthy Cities Illawarra and Healthy People Illawarra but already she can foresee stormy times ahead.

"The service has been operating for 26 years and so they're doing plenty right," she says.
"But from next year the government is moving to a competitive tendering process which could strip us of our funding. It's quite a scary prospect actually, but it's also a challenge. We need some strategies. My focus will be to bring a commercial stream to the business."
Read more ...

Insurance statistics reveal it all to clients

It’s been a revealing few weeks on the insurance front. For the first time, the ombudsman for short-term insurance released statistics about the way short-term insurers handle claims relating to car, household contents and homeowners’ insurance.



Then the long-term insurance ombud, Judge Brian Galgut, made similar disclosures.
“It is in line with the growing trend internationally and locally for ombudsman schemes to publish such information,” said Judge Galgut.
That’s because it gives consumers insight into how competing insurers handle claims and service policyholders, untouched by marketing spin. Long-term insurance is essentially life insurance, and includes disability and retrenchment policies.
The information, published on the ombud’s website at the weekend, reveals the number of complaints received for each insurer; the number of cases considered and closed; and the number resolved in favour of the complainant or the insurer.
The numbers are published without any interpretation; that’s for insurers, the media and consumer organisations to provide, said Judge Galgut.
“Such interpretation and comment by us would not be consistent with our role in impartial dispute resolution. The only contextualising is the individual insurers’ complaints as a percentage of the total complaints received.”
And as context goes, on its own that percentage could be a little misleading, as clearly the more policyholders an insurer has, the more claims it handles, so more complaints to the ombud will result.
The “overturn” rate is significant – that’s the percentage of finalised cases that were resolved totally or partially in favour of the consumer.
The overall average last year was 37.4 percent of cases in which the ombud’s decision resulted in some benefit to the consumer. Complaints weren’t just about repudiated claims – more than a quarter of complainants were unhappy about the service they received.
If an insurer’s percentage of cases resolved in favour of the consumer is significantly higher than the average, it’s an indication that in a relatively large number of cases, the insurer’s decision to reject claims was not entirely justified or fair – or that the insurer is generally guilty of providing poor service, or a combination of both.
And the reverse is true. The insurers will want their “resolved with benefit to consumer” percentage to be lower, not higher, than the 37.4 percent average.
The ombud’s website provides a breakdown of the nature and number of complaints for each insurer, which makes for fascinating reading.
The insurer most glaringly on the wrong side of the average “consumer benefit” figure was Real People Assurance Company. Of the 19 cases finalised by the ombud last year, 63.2 percent went consumers’ way.
In the case of Workers Life, the “resolved to the benefit of consumer” rate was 58.1 percent (of 31 finalised cases); Nestlife Assurance’s was 59.3 percent (of 27 cases); New Era Life Insurance’s was 55.6 percent (of nine cases); Professional Provident Society’s was 55.2 percent (of 29 cases); Union Life’s was 53.8 percent (of 26 cases); AIG Life SA’s was 50.6 percent (of 393 cases); and Prosperity Insurance’s was 44.6 percent (of 112 cases).
Old Mutual policyholders sent the most complaints to the ombud’s office last year – 765. A total of 257 cases were finalised, 24.1 percent of which with some benefit to the consumer – way below the average of 37.4 percent.
There were a total of 644 complaints about the Liberty Group for the year, and 574 cases finalised.  Of those, 38.3percent were resolved with some benefit to the consumer.
The third biggest number of complaints came from AIG Life SA policyholders – 520. Some 393 cases were finalised, more than half (50.6 percent) with some benefit to the consumer.
- Judge Ronald McLaren took over as the ombud for long-term insurance on June 1.
Other insurers’ stats
Hollard: 505 complaints, 449 finalised, 43.7 percent resolved in favour of consumers.
Metropolitan Life: 499 complaints, 400 finalised, 39.5 percent of cases resolved in favour of consumers.
Momentum Group: 449 complaints, 254 finalised, 30.3 percent of cases in favour of consumers.
Sanlam: 331 complaints, 133 finalised, 14.3 percent of cases resolved in favour of consumers.
Clientele Life Assurance: 299 complaints, 297 finalised, 33.3 percent of cases resolved in favour of consumers.
NedGroup Life Assurance: 161 complaints, 126 finalised, 23 percent of cases resolved in favour of consumers.
Discovery Life: 132 complaints, 102 finalised, 28.4 percent of cases resolved in favour of consumers.
Channel Life: 151 complaints, 133 finalised, 48.1 percent of cases resolved in favour of consumers.
Regent Life Assurance: 109 complaints, 91 finalised, 27.5 percent of cases resolved in favour of consumers.
Outsurance Life Insurance: 22 complaints, 19 finalised, 31.6 percent of cases resolved in favour of consumers.
Read more ...

Western & Southern Names Cris Collinsworth National Spokesperson






— /PRNewswire/ -- Western & Southern Financial Group (Western & Southern) has signed a multi-year agreement with Cris Collinsworth to become its national spokesperson.
"Cris is without a doubt one of the most recognizable, well liked and knowledgeable broadcasters
working today," said John F. Barrett, chairman, president and chief executive officer of Western & Southern. "His credibility, approachability and trust provide an ideal match with our company's core values. We are extremely pleased to have Cris on board as our national spokesperson."
Collinsworth recently won his 14th Sports Emmy for his work as lead analyst on NBC Sunday Night Football. "I welcome the opportunity for a long-term relationship with Western & Southern as a leader in its industry," Collinsworth said. "The company has an outstanding reputation and I look forward to helping it build quality results."
Collinsworth was an All-American wide receiver at the University of Florida before joining the Cincinnati Bengals in 1981. After eight seasons, two Super Bowl appearances and three Pro Bowls, Collinsworth retired and began a very successful career in broadcasting.
"Cris has a natural style that is approachable, practical and straightforward," Barrett added. "Such attributes are perfectly suited for building our company's brand and enhancing connections between our field agents and their customers and prospects. This partnership with Cris is a significant part of Western & Southern's efforts to expand and grow our efforts to serve middle-income Americans."
Plans are yet to be finalized, but Western & Southern is planning to develop marketing materials and promotional programs during the summer that it expects to introduce during the 2013 Western & Southern Open in August.
About Western & Southern Financial Group
Beginning as The Western and Southern Life Insurance Company in 1888 in Cincinnati, Western & Southern Financial Group (Western & Southern) is marking its 125th anniversary in business and is now a Fortune 500 diversified family of financial services companies with assets owned and managed in excess of $60 billion as of March 31, 2013. Western & Southern's six life insurance subsidiaries (The Western and Southern Life Insurance Company, Western-Southern Life Assurance Company, Columbus Life Insurance Company, Integrity Life Insurance Company, The Lafayette Life Insurance Company and National Integrity Life Insurance Company) maintain the following financial strength ratings: Standard & Poor's AA+ Very Strong (currently the highest rating held by any life insurance company and making Western & Southern one of the eight highest-rated life insurance groups in the world), A.M. Best A+ Superior, Fitch AA Very Strong and Moody's1 Aa3 Excellent. All of Western & Southern's life insurance companies have a Comdex Ranking of 97. Other member companies include Eagle Realty Group, LLC; Fort Washington Investment Advisors, Inc.;2 IFS Financial Services, Inc.; Peppertree Partners LLC; 2 Touchstone Advisors, Inc.;2 Touchstone Securities, Inc.;3 W&S Brokerage Services, Inc.; 3 and W&S Financial Group Distributors, Inc. For more information on the Western & Southern family of companies, visit www.westernsouthern.com. Western & Southern is the title sponsor of the Western & Southern Open (www.wsopen.com) tennis tournament, a premier event in the U.S. Open Series featuring the world's top-ranked professional male and female players.

Read more here: http://www.heraldonline.com/2013/05/29/4900155/western-southern-names-cris-collinsworth.html#storylink=cpy
Read more ...

Pay Outstanding Group Life Premium, Insurance Brokers Urge Govt




Insurance brokers plying their trade across the country have appealed to the Federal Government to pay the outstanding 59 per cent of the premium for the 2012 Group Life Assurance (GPA) for its workers.
Acting under the auspices of the Nigerian Council of Registered Insurance Brokers (NCRIB), the brokers observed that the failure on the part of government to honour this financial obligation was impacting negatively on the insurance industry.
The premium payable for the group life assurance for federal government employees for last was over N3 billion, out of which the government paid only N1 billion.
The federal government introduced pension reforms in the country nine years ago, a package that includes the mandatory group life cover for workers at the instance of their respective employers.

Section 9 (3) of the Pension Reform Act, 2004 states that every employer must “maintain life insurance policy in favour of the employee for a minimum of three times the annual total emolument of the employee”, observing that it seems that this important aspect of the law is being overlooked by the stakeholders.
Making the call in Lagos recently, the President of NCRIB, Mrs. Laide Osijo, said government paid only 41 per cent of the total group life assurance premium for last year,

“I want to appeal to the Federal Government for the release of outstanding premium on group life for the year 2012. As it stands, only 41 per cent of the premium has been paid remaining 59 per cent to be paid.
“This situation has made many insurance companies to discountenance claims under the year in review of the now existent ‘No Premium No Cover’. This, as we are all aware, is to the displeasure of some beneficiaries especially to those who died in active service. The impression many of them have is that the insurance industry is insensitive to their plights, a situation that creates serious image smear for the industry,” Osijo said.
She observed the initial apprehension over the no premium no cover policy was gradually being replaced by optimism as brokers and underwriters count the gains of the policy.

She, therefore, appealed to the federal government to assist the industry to avoid further accumulation of unpaid premium and claim, a situation that negates the new premium collection system.
Meanwhile, to ensure that the group life assurance business remain attractive to all stakeholders, the National Insurance Commission (NAICOM) pegged the upper limit for commission payable by life insurers to insurance brokers on group life assurance business at 8 per cent.
The regulator noted that in their desperation to attract or retain businesses, life insurers engage one another in a vicious commission war to the advantage of insurance brokers and at the detriment of the whole industry
“In line with section 53(1) of the Insurance Act, 2003, commission payable to an insurance agent, broker or any intermediary on group life assurance business shall not exceed 8 per cent of the premium,” the commissioned directed.
The major advantage of the group life insurance for employees is that it is a guarantee that if a worker was unable to accumulate significant amount in his retirement savings account before he dies, his estate would still get something tangible up to at least 3 times his annual salary.
This amount would go a long way to relieve the pain associated with the loss of a breadwinner even as the employer is relieved of the burden of making additional ex-gratia payment to the estate of the deceased.
Read more ...

Insurance coverage 50 plus -- Top 5 Reasons why you should Obtain Insurance coverage 50 - Insurance policy


Living confidence 50 - 5 Why you should Get Life Insurance 50 plus

The moment much older than 50, living confidence is normally the protection as opposed to upcoming functions and everybody should have that. These are merely the most effective Five objectives i we think about you possibly can factor in in addition to fund your life assurance approach particularly if aren't 75.

Purpose #1: Bills

When each of you are often perfectly your time-to-time charges more than likely are not so difficult to meet up with because your blended income moves a considerable ways. If a beloved expended it often shows that a particular source of income stays being in addition to living suddenly receives challenging. All those charges normally appear they usually even now have to grow to be settled. Certainly quite a few charges is going to be lessened as well as obtained however this rarely suits what amount your garden shed salary. Soon after a particular changes 75, living confidence would want to sustain situation to ensure that it can take good care of the lifetime expenses in case of passing away.

Grounds #2: Health coupled with Hospital stay

As the years accrue most of us can't anticipate what is going on make a mistake by using these wellbeing, none every time. Every day many people see memories with obviously healthy and balanced people that frequently went for his or her typical complete once-a-year health look at in addition to have already been explained to you need to crucial ailment that are establishing in exclusive. To help together with the probably mind-boggling medical debts and remain in medical center charges associated with time, insurance plan 50 appear in conjunction with sizeable Condition manage that'll deal with this kind of expenses.

Motive #3: Declined Pension plan

When you whilst your sweet heart tend to be 50 and unique a life insurance coverage you can be collateralized at a achievable loss of interpersonal essential safety or type of pension. Having said that, imagine if you both are receiving type of pension other persons expended, your second half might be out there a tiny bit of income to reside in in. In contrast you can find consistent speak about enhancing the retirement life which will shows a lot more issue associated with senior citizens. Therefore chosen lifestyle can be extremely very difficult for any remaining man or women nevertheless possessing insurance plan could make the gap.

Purpose #4: Quick Memorial service assistance Costs

When you are 50 plus, insurance plan results in being substantially essential as 1 enters a period the place that the odds of sudden quick passing increases substantially. Memorial service prices are frequently head-boggling for this that may be left out residence. The moment anyone consider the income necessary for a burial, territory, coffin, tombstone, why not a cremation, burial residence methods, commemorative news in the papers, memorials, vegetation, and so on, you're going to be using a big transaction to repay. As well as, should the excellent wife or husband and youngsters desires to complete persons which has a quality commemorative the gospel truth can simply broaden appreciably. Purchasing living confidence 50 requires good care of the particular burial buy troubles.

Motive #5: A lot less Emotional pressure to manage

For this coping with kin, and also for your someone that ends 60, life assurance approach can create an an entire world of variation in between anxiety and concerns plus weight-no cost lifestyle. If the coverage is large more than enough you can also make particular if the unavoidable happens, a home mortgage loan, the vacation dwelling, your vehicle(ohydrates), plastic cards and/or supplemental payments tend to be repaid. It will give many satisfaction before and after a family member presents quite a bit dearly departed. Imagine them in addition to types man plus your children starting to be using zero home loan, zero unsecured debt, hardly any financial issues whatever the type... that you have supplied them all something special for to be able to find out on top of chosen lifestyle. How could that produce you think?


Read more ...

Life Assurance - Do You Need It?


Every time an individual face any number of hazards for your personal health and fitness as well as lifestyle. Life Assurance assists you limit the particular economical influence of death or perhaps airport illness.

Life Assurance was made to offer security for any wide variety of economical commitments simply by settling your swelling payment on the death.

Term life cover insurance policies spend out the actual quantity covered if a person cease to live as the policy was in force.

This crucial form of safeguard is needed regarding several different purposes:

Mortgage commitments Personal debt, like lending products or credit score cards Security intended for organization obligations Provide your large value to help account your current family's future way of life passed away of the death.

If you might have bad debts that you need paid for on your death, or even prefer to build a capital swelling amount that your loved ones can certainly catch the attention of with based on their needs, subsequently term life self-confidence is usually an vital portion of your economical planning.

You can "inflation proof" your protect by way of escalating it every year within brand having inflation.

You can also increase the next to your plan

Total & Permanent Disability Cover offers fiscal safeguards alongside long-term disability, using a lump-sum payment. Trauma Cover a lump-sum payment in the event you experience a crucial illness for instance cancer, heart attack as well as a stroke.

Insurers could typically consider programs through people aged between 10 and 74 many age. There can be no maximum level of protect however with regard to greater amounts economic underwriting could possibly be required.

Premiums may be paid fortnightly, monthly, half-yearly or yearly. Premiums are predetermined for starterst year at any given time all of which will increase per year consistent with age. With a few providers purchase level advanced lifestyle insurance policy the place that the advanced remains the identical perfect by means of age 80.These payments tend to be far more costly inside short term but should you have a requirement for lifestyle insurance cover defense long term i.e.you demand include in your ageseventies and 1980's stage premium your life insurance cover is actually a viable option.

With the majority of life cover providers you will be insured for a lifetime there is no expiry age. The only exclusion can be where the root of loss of life will be suicide from the initial thirteen many weeks from the policy or maybe its reinstatement.

Most insurers employ a Bereavement benefit included in their plan where upon application; they should pay as much as $10,000 on demise just as one quick benefit, to cover funeral service and also other costs. This will be deducted with the eventual payout.

They also provide a Terminal health issues benefit when if you're identified seeing that terminally ill and they are just about guaranteed to pass away inside of 12 months, you possibly can make application for earlier payment of that cost insured.

There are usually three main aspects to take into account whenever you happen to be determining which insurance firm to buy your scheme out of - how steady the company is, how cheap their prices are usually as well as exactly what payment your service will demand in order to position your business.

It does pay to shop around while term life insurance monthly premiums vary significantlybetween companies. The most practical strategy to buy lifetime assurance can be by means of an on-line service who'll provide reduced payments to get that lifestyle belonging to the contract.


Read more ...