Industrial Process

Archive for December, 2009

Life Insurance Medical History Increases The Cost For 66 Of Applicants

Lucky applicants for life insurance can be insured within 48 hours and at the premium quoted but 2 in 3 applicants are faced with delays plus the prospect of having their premium loaded.

So who are the lucky ones? Basically youll have to be as fit as a flea with no family history of serious illness under 45 in an office type job and probably applying for less than 250000 cover. For everyone else there is going to be some hassle.

When an insurer provides an initial quote for life insurance all they know is your age sex and smoking status. They use these details to make an initial prediction of how long you are likely to live and on that basis they give you an initial quotation. They call it their Standard Terms.

If you want to progress your application youll have a multipage application to complete. This isnt as daunting as it may seem as most online operators take your details over the phone and send you a copy of the completed application for you to check over. But the questions are extensive and if you miss out anything that later turns out to be significant your insurance may well be invalidated. So be warned and take care!

The insurers use your application details to look out for anything that signals current or future concerns about your health or life style. Besides the obvious questions that reveal health problems they also evaluate your weight alcohol and nicotine intake and any potentially inherited health problems. So if your father died of a heart attack or mother died from breast cancer theyll be concerned.

Then theres your life style. If youre in a type of job where accidents do happen construction jobs are a good example or you are involved in any form of dangerous sport or flying your premium is in line for loading. Theyll even want to know whether you regularly travel to countries that are known to represent health risks for visitors. And whilst the law doesnt allow discrimination against same sex relationships the insurance companies will almost always insist on a medical for these applicants.

Insurers freely admit that the number of questions they ask is increasing. They claim its to reduce the number of claims they refuse. Whilst that may be partly true the trend has also coincided with an increase in the proportion of applicants who are seeing their premiums loaded. Some years ago it was nearer 40 todays for some insurers the level is virtually 66.

How much extra might you be asked to pay? Thats a bit like how long is a piece of string. But to give you a feel a woman aged 40 receiving medical treatment for postnatal depression was recently faced with a 50 loading on an initial quotation of 7.60. A woman whose mother had breast cancer similarly faced a 50 loading. Seriously overweight people can also expect loadings of 50 to 100 or even refusal.

Faced with a loading what can you do? Its important to appreciate that the insurance companies giving the cheapest initial quote are also likely to have particularly choosey medical criteria. Thats how they keep their quoted prices low. So if youre faced with a loading the best advice is shop around Try one of the more expensive providers like Friends Provident who are sometimes a bit more lenient.

Whilst this may sound overly complicated remember that over the years an extra 10 a month on a 25 year policy represents 3000 of your hard earned money. If you dont have the experience or time to do this and after few of us do speak to an online life insurance broker.

Competition is high on the Internet and online brokers will normally reduce your premium by cutting their commission. Their systems are also well versed in finding alternative providers to alleviate loading problems. So keep things simple. Let your keyboard fingers do the walking and let the online broker do all the hard work!

About the writer:

Michael Challiner has 15 years experience in financial services marketing at senior level. Michael now works as the editor of http://www.expresslifeinsurance.co.uk Futher reading http://www.expresslifeinsurance.co.uk/canigetaquote.htm Futher reading http://www.lifeassurancebureau.co.uk/lifeinsurance/faqs/lifeinsurancefaqhome.htm.

Multiply Your Efforts With Multiple Income Streams

With the current economic crises prevailing around us it is not surprising to hear of companies that are shutting down or workers being layed off of their jobs. People are in constant worry of the possible downturns that may occur be it in their careers businesses or investments and so they recognize the importance of not putting their eggs in one basket by venturing in multiple streams of income.

Why Multiple Income Streams?

There are several reasons why people should not limit themselves to a single business venture:

The primary source of income may no longer be profitable. This may be due to an increase in overhead costs or a decline in revenue as a result of an unpredictable market that is in constant demand for new products and services.

Personal preference. People may find themselves losing interest with their primary income source and would like to go into other business opportunities.

Whatever the reasons are the trick is to think plural and consider getting into multiple ventures.

How to do it?

Perhaps the major setback that one may find in having to deal with multiple income streams is the problem of maintaining focus and pursuing multiple projects at the same time. This is true for almost all the tasks that we carry out in our everyday lives that we often find ourselves not accomplishing much at the end of the day.

The need to focus in order to get a job done may seem to contradict the goal of dealing with numerous opportunities and yet this is what every person should aim for when dealing with multiple streams of income.

The following are a few suggestions on how to go into and cope with the pressures of growing multiple business opportunities:

1. Ideas are important. A lot of people have been guilty of coming up with great ideas and forgetting about them only to turn out to be a hit later when pursued by another person. In order to prevent this from happening ensure that all your ideas are captured. Record your thoughts and store them either in your computer or in a manual file.

2. Organize your system. You have recorded and filed your ideas about a new income opportunity and you have thought of something to add to them afterwards. The problem is you cannot find them and you end up wasting your time looking for them. Having an organized system enables you to have an instant access to everything that you need whenever you need them.

3. Turn your ideas into reality. Never fear of putting your ideas into action especially if you think that it has potential. Consult other people especially prospective customers if you must but at the same time be very cautious of these new ideas before working on them.

4. Do it one at a time. This is a problem for most people who when given numerous tasks often get them going all at the same time going back and forth from one to the other and finding themselves getting nowhere in the process. This is where maintaining focus in the middle of several projects is important do them one at a time until they reach the point that they are income generating and can stand on their own before moving on to start another one.

5. Time management. The key to maintaining the balance between multiple income streams is proper time management. It not only makes you efficient but it also makes you effective in carrying out different jobs simultaneously. Making a schedule using tools such as the Daily Planner or a software program would enable you to focus on specific goals and prioritize things while minimizing time waste. It would also enable you to set standards and track your progress on your projects.

6. Learn to accommodate changes. An organized system and proper time management skills are not the only things that matter in dealing with multiple income streams after all we cannot control (and change) time and unforeseen events come up sometimes. The important thing is for us to learn how to adapt to these changes and still manage to stay on track.

With the guidelines mentioned above every person would now be able to handle multiple projects without having to deal with the stress and the pressures that go with them.

About the writer:

Daegan Smith is the leader of the fastest growing team of successful home business enterpernuers on the net. Find out how we’re creating financial freedom all across the globe and how to get in on the action FREE at http://www.comlev.net.

Quick Resume Writing Tips: Evaluating Your Resume

Putting together a resume is not an easy feat and many job seekers are so relieved to be done with this arduous task that they cant wait to be done with it. Recall though that your resume is a marketing tool and is the first impression an employer gets of you. A great resume will entice an employer to invite you in for a personal interview while a fair to average resume will get pushed aside and ignored. Therefore it is in your best interest to make your resume as strong as possible.

To help you in this task review your resume against the following resume writing quick tips. These guidelines will help you evaluate your resume and identify those areas that may need more work.

Overall Resume Review:

Is your resume well laid out? Is it pleasing to the eye?

Is your resume less than one page if you are a student or new to the workforce? Is it less than three pages if you are an experienced professional?

Have you chosen legible fonts throughout your resume or do the fonts detract from the context of the resume?

Have you used spell check and/or dictionary to ensure that there are no spelling errors?

Has someone else (outside of yourself) read your resume for grammatical errors?

Does your resume use proper English?

Is your resume memorable? Does it stand out in a crowd (but in a positive way)?

Is your resume tailored to the type of position you are seeking?

How do you come across when your resume is read? What will an employee think of you?

Are you pleased with your resume? Does it do a good job of telling an employer who you are and why you are a good candidate?

Introduction:

Do you have your name address and contact information clearly displayed at the top of your resume?

Objective (if included):

Did you limit your objective to just one or two short sentences?

Is your objective clear and concise? Or is it ambiguous?

Is your objective focused? Does it make sense given the position you are targeting?

Education:

If you have a college degree have you placed the details of your Education at the top of your resume? If you do not have a degree have you placed the Education section after your Professional Experience?

Is it clear from your resume that you have obtained a college degree if you graduated?

If you did not graduate is it clear that you do not yet have a degree?

Are details of your college major and minors (if applicable) included in the Education section?

Professional Experience:

Is your work experience presented logically (either by date or by subject area)?

Have you limited your work experience to no more than 45 previous positions?

Have you accounted for any gaps in your work history that an employer might question?

Do the name of the company your job title and dates of employment for each position stand out for easy identification?

Does each position support the resume and your objective?

Could an employer quickly scanning your professional experience easily identify a number of key words and action verbs that will identify you as a solid candidate?

Have you limited the information in each position to those that are the most relevant to the position to which you are applying?

Does your experience seem to flow together or is there a lot of jumping around between positions companies and industries?

If you worked for a lesser known employer is each companys business and industry clear from the companys name? Have you supplied a quick identifier for each lesser known employer?

Is your professional experience accurately and honestly conveyed?

Skills:

Are the skills you have listed relevant to the position to which you are applying?

Do the skills listed accurately convey your experience and knowledge in each area?

Other Sections:

Do any other sections included in your resume enhance your presentation? Are they relevant to the position to which you are applying?

About the writer:

Laura Adams is a qualified careers advisor with 11 years experience. Insurance Career Information Resources News Tips and Views to help Insurance Professionals find their dream jobs. http://www.InsuranceJob.info.

Copyright InsuranceJob.info. This article may be reproduced as long as the resource box and live links remain intact.