How is life insurance sold?

March 6, 2021

You can buy life insurance either as an “individual” or as part of a “group” plan.

Individual Policy

When you buy an individual policy, you choose the company, the plan, and the benefits and features that are right for you and your family. You might be able to buy the policy from the same agent or company representative who sells you property and liability insurance for your home, auto or business. And although you won’t qualify for any discounts by buying your life insurance and other insurance from the same representative, working with a single advisor for all your insurance needs can make your financial life simpler.

Individual policies are typically sold through insurance agents or brokers. If you buy a policy through an agent or broker, you will pay a commission, also called a “load,” that is built into the premium rate. The commission compensates the agent or broker for the time spent advising you on how much and what type of life insurance to buy, for facilitating the application process, and for any further service that’s needed in future years to keep the policy up-to-date (such as changing beneficiary designations, arranging policy loans or coordinating your financial plans with your lawyer and accountant).

There are two other ways to buy individual life insurance. In Connecticut, Massachusetts and New York, you can buy it from a savings bank. Or you can buy a policy directly from an insurance company or from a fee-only financial advisor—what’s known as a “no load” or “low load” policy. Although there is no sales commission on these policies, the company will still have charges built into the premium to cover its marketing expenses, application processing expenses and subsequent services. Finding an insurance company that will sell you a no-load policy isn’t easy; typing in “no load life insurance” on Internet search engines will in many cases lead you to an agent or broker.

Group Policy

You might have life insurance automatically from your employer; many large companies do this. Your employer also might offer you the chance to buy additional life insurance under a group policy. And you might be eligible to buy life insurance under a group policy from a union or trade association or other group you belong to (such as a college alumni association or an automobile club).

Compared to buying an individual life insurance policy, there are several advantages to buying life insurance under a group policy:

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Group purchase can sometimes offer you a lower rate for a given death benefit either because the employer or other group sponsor subsidizes the premium or because the rates are averages weighted by people younger than you.
There are virtually no health qualifications for getting the group coverage.
Premium payment is usually by payroll deduction (for employer-based group coverage) or linked with other payments (e.g., credit card bills), lowering the chance of missing a payment.

Most employer group plans are term insurance, but if you leave that employer your state may require that you be allowed to convert the policy to a form of whole life insurance with the same insurance company that provides the group life insurance. You would then pay premiums directly to the company and keep the insurance in force. This can be an advantage if you are older, or have experienced deteriorating health, as it gives you the opportunity to qualify for whole life insurance without having a medical exam.

Credit Life Insurance

Credit cards and lending institutions may offer life insurance to pay off your outstanding loans in the event of your death. This is generally made available in two ways:

As part of the loan at no extra charge. In this case the cost of the life insurance is borne by the lender and is included in its interest rate or other finance charges. If you have this type of credit life insurance, you don’t need separate life insurance to pay off that loan if you die.
As an option at an extra charge. In this case, you should usually reject the optional coverage, provided that you have some other life insurance (group or individual) that can be designated to pay off the loan if you die. If you’re under age 50 and you don’t have other insurance that could pay off this loan, consider buying individual life insurance for this purpose as the rates will probably be better. At 50 or over (or younger with health issues), if you have no other life insurance for this purpose, the optional credit life insurance is likely to be cheaper than individual life insurance.

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Do Small Businesses Need the Same Software as Large Corporations?

Do small businesses need the same software as large corporations? The simple answer to that question is no. However, the long answer is a little more complicated. Small businesses do not have the same software needs as large corporations. The needs of large and small businesses are actually the same for comparable businesses; the scale of needs is different. Here are four examples of how small and large businesses can have the same software needs but different scales. Call Center Solutions Bright Pattern is a software company that offers contact center solutions; they address all the needs of call centers, customer experience, customer interaction to increase customer satisfaction. Both small and large businesses that rely on call centers will benefit from these software solutions. The difference is the level of dependence the company will have on the software. A call center of fewer than 20 people will have more interaction, training, and teamwork. Large companies will rely heavily on the software to do the heavy lifting within the call center. While companies that are particularly small likely don’t operate call centers, any type of contact center will benefit from this type of software and call routing capabilities. Software Development Large corporations will highly need top nearshore software development for nearshore outsourcing of software development services. Software development services are needed by any company that relies on custom software to fulfill their business needs or products. A software development team can offer a custom service for companies that can afford it. Whether the company is a startup or has years of experience in their industry, they can benefit from outsourcing software development to companies like Devsu, which has the human resources and the talent to create whatever is needed. Marketing Marketing software services like Hootsuite work the same regardless of the size of the business. Like the other software solutions, however, the size of the business will determine how much the company relies on the software services to run the day-to-day operations within the business. Likewise, the company’s size will also determine the size of the marketing team in-house to ensure the marketing strategy and branding is consistent across all platforms. Marketing can be challenging to manage due to the vast array of activities under the marketing umbrella. Marketing activities include web content, social media, email, paired advertising, backlinks, and sponsored content. While programs like Hootsuite can help streamline digital marketing strategies, other types of marketing software can track and streamline marketing activities. At the same time, it also provides analytics on the effectiveness of various platforms and advertisements. These analytics enable the company to make adjustments to its marketing strategies as needed. Workflow Management Software designed to manage workflow, track projects, and keep employees up to date on progress regardless of their location enable businesses of all sizes to work with remote teams, multiple projects simultaneously and monitor progress in real-time. U.S. companies that work across multiple time zones and even countries rely heavily on workflow management software to keep their teams working together effectively. Qualified workers from Romania, North America, and Uruguay can work together to accomplish a company goal. Workflow management may also be referred to as project management software. Whether the program is project-based or broader to include all workflow, the needs of a company for this type of software will depend more on the location of the team members than the size of the company. While size is important, when team members physically work together, the need for project management software is minimized. The primary benefits come in managing projects that are worked on remotely, as discussed above.
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What is the UNESCO World Heritage List?

We have all heard of the UNESCO World Heritage List and we can even name at least a couple of famous sights from it. But how is the List formed and why do some objects get into it, while others do not? Who even came up with the idea of cataloging world values and what is the use of it? What is a UNESCO World Heritage Site? UNESCO (United Nations Educational, Scientific and Cultural Organization) is a special unit of the United Nations for education, science, and culture. UNESCO leads projects in 5 main categories: education natural sciences social and human sciences culture communication and information The UNESCO World Heritage belongs to the sphere of culture. And world heritage is natural or man-made objects, over which UNESCO takes patronage and does everything to preserve and make them popular. In 2019, there were 1,121 properties on the World Heritage List: 869 cultural, 213 naturals, and 39 mixed. These objects are located in 167 member countries of the UNESCO Convention. When was the World Heritage List created? The origins of the World Heritage Convention lie in the events of 1959. The main impetus for the adoption of the Convention was the construction of the Aswan Dam in the United Arab Republic (now Egypt and Syria). Then the governments of the UAR and Sudan turned to UNESCO for help in saving the ancient monuments of Egyptian Nubia. The problem was that the valuables were in danger of being flooded by the lake, which was formed after the construction of the dam in Aswan. UNESCO, in turn, appealed to the international community for help – and as a result, the largest archaeological rescue operation in history was carried out. In 1960, UNESCO, in collaboration with the governments of the UAR and Sudan, carried out large-scale archaeological research, during which many very important objects were saved – from the city of the Old Kingdom and ancient temples of Nubia to household items and other artifacts. Although this mission became iconic, it was only the beginning – the preservation and relocation of the temples of Nubia turned out to be a much larger task. The Executive Committee of UNESCO, as part of the International Campaign to Save the Monuments of Nubia, held large-scale fundraising, and the world turned out to be so generous that almost all the significant temples and shrines of Nubia were saved. After all this rescue operation, it became clear that it was time to create a centralized mechanism for the preservation and protection of cultural heritage. American officials Joseph Fisher and Russell Train in 1965 voiced their recommendation for the creation of such a body at the Conference on International Cooperation, which was held at the White House. Although the recommendation was not widely adopted in the United States, by 1966 similar initiatives were proposed by the International Union for Conservation of Nature and the International Council on Monuments and Sites. But so far it hasn’t come to fruition. In November 1966, a catastrophic flood hit Venice, and the attention of the whole world was again focused on the threat to the common heritage. UNESCO and the Italian government have begun to develop a multi-year plan for the conservation and restoration of cultural monuments. However, it was already clear to everyone that the response of the world community to such events was far from ideal. At an international conference in Amsterdam in April 1967, Train spoke again and spoke about his concept of an international organization that would unite under a single program the protection of the natural and cultural heritage of mankind. Support for the World Heritage Fund only grew stronger, and in June 1972 delegates to the UN Stockholm Conference on the Environment announced that they were ready to fully support this program. On November 16, 1972, UNESCO adopted the Convention Concerning the Protection of the World Cultural and Natural Heritage. By that time, the organization had already embarked on another ambitious project, this time to preserve the huge monument of Borobudur in Indonesia. The World Heritage Convention entered into force on December 17, 1975, and in 1978 the World Heritage List was finally created. In the first year of the list, twelve sites were included, including Aachen Cathedral (Germany), the Galapagos Islands (Ecuador), L’Anse aux Meadows (Canada), the Lalibela rock churches (Ethiopia), the Royal Salt Mines in Wieliczka, and Bochnia (Poland) and Yellowstone National Park (United States). The list grew rapidly in the following decades, and in the 21st century, it already included more than 1,000 objects from 165 countries. What kind of objects are included in the List? To be included in the list, a property must be recognized “as being of Outstanding Global Value”. This means that it is so exceptional in cultural or natural terms that its significance even transcends national borders, and the object is valuable to all mankind. The Convention divides such heritage into three broad categories: cultural, natural, and mixed. Cultural heritage is: Monuments: works of architecture, monumental sculpture, and painting, archaeological sites, inscriptions, caves, etc. Ensembles: groups of buildings and architectural complexes. Places of interest: works of man or joint creations of man and nature, archaeological sites. Natural heritage is even more difficult to define, but according to the text of the Convention it is: Monuments are created by nature itself. Geological and physiographic formations and strictly limited ranges of endangered species of animals and plants are important for science and need to be preserved. Natural landmarks or severely restricted natural areas that may be useful for science or are simply uniquely beautiful. And the so-called cultural landscapes are considered to be mixed objects – such as “joint creations of man and nature”. The Historic Monuments Zone of Puebla is an almost 7 km polygon that is considered the origin and historic center of Puebla de Zaragoza, the capital of Puebla State. And by what criteria are objects selected? The Committee recognizes a property of outstanding global value only if it >>Read more
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Should I invest the amount I would pay in premiums instead of buying long-term care insurance?

If you’re under 55, you might think that since the likelihood of long-term care outlays is many years in the future, you could invest the money you might otherwise spend for long-term care insurance premiums. That way, if you do need long-term care, you could just draw upon that investment, and if not, you’d have money for your heirs, for a charitable donation, or for your own needs. But this strategy leaves you vulnerable if you need long-term care services in your late 50s, 60s, or early 70s. And it might also leave you vulnerable if you need these services for a long time, even if you don’t need assistance until you’re in your 80s. Here’s why: Assume you’re 55 and won’t need long-term care for 30 years when you’re 85. Assume you save $2,000 per year, that you invest the savings, and that your investment grows at 5 percent per year, net after taxes. After 30 years, your savings will have grown to $139,500. Assume today’s monthly cost of nursing home care grows, due to inflation, by 5 percent per year, from $7,000 per month now to $28,800 per month in the future. At that time—that is, when you’re 85—if all these assumptions come true, your savings would be able to pay for less than three months of nursing home care; if you need more money—say, because the cost of services for long-term care grew faster than 5 percent per year or your investments earned less than 5 percent net after taxes—you’d have to liquidate other assets that you hadn’t planned to liquidate if you have them. It’s possible that you’ll save more than $1,000 per year, or earn more than 5 percent net after taxes, or that the cost of long-term-care services will rise more slowly than 5 percent per year, or that two or more of these things will happen. In that case, if you need long-term care services for the first time after age 85, you would be able to pay for more than the example above shows. Here are some indications of what results in alternate assumptions would produce: Nursing home costs inflate at 3 percent per year for 30 years: the monthly cost of $16,500 Earn 6 percent per year net after taxes on saving $1,000 per year: accumulate $83,800 Save $1,200 per year at 5 percent net after taxes: accumulate $83,700 Of course, it’s possible that you’ll never need long-term care services, or that if you do need them, you’ll need them only for a month or two. In that case, a long-term care policy won’t help. For most other scenarios, it’s probably a prudent buy.
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The Bootstrap framework is a leader that cannot be ignored

If you are not a professional layout designer or do not have enough experience, then creating a cross-browser responsive layout can be quite difficult. Fortunately, today there are many HTML, css frameworks that can greatly simplify the creation of responsive sites and take all the most difficult parts of the work “on yourself”. Using HTML, css frameworks, today you can make up a site with a beautiful, pleasant, professional design, and you don’t need to be professional in layout. Using frameworks, even the most beginner in site-building is able to lay out a page, create a one-page site or landing page. Moreover, the site will be quite professional, and the time spent on its creation is minimal. Also, do not forget that you can download free, ready-to-use bootstrap templates. Today, there are many options where you can carry out this download, for any type of site, be it a site about local news or an online store. At any time, you can change templates, or do edits online. This is the con of free ready-to-use bootstrap templates, which we are recommended to use. Advantages of Using Frameworks Page layout using frameworks comes down to a simple scheme: download the files (css, js) of the framework, connect them to the page and use ready-made class names, ready-made components to get the desired page. The process is quite simple, so let’s look at the advantages of using HTML, css frameworks: page development is accelerated, because ready-made markup, classes, components, etc. are used. the markup is 100% blocky, which means modern and high-quality a very important advantage is that we immediately get a cross-browser and responsive page that immediately looks good in all browsers and on all devices the project has a neat and understandable code structure, which simplifies further development and support consistent code structure simplifies team development Which framework should you choose to learn and use? For study and use, I recommend taking the most popular HTML, css, js framework today – Bootstrap. The popularity of the Bootstrap framework is off the charts. Bootstrap is everywhere! To understand how popular Bootstrap is, let’s take a look at the popularity rankings on Github. Bootstrap has over 91,000 stars on GitHub today. And the framework, which is in second place in popularity, the Foundation framework, has just over 22,000 stars. Just imagine, leader – Bootstrap is more than 4 times more popular than its pursuer! The popularity of the Bootstrap framework is not accidental. The Bootstrap framework has many advantages: Fast-creating layouts with Bootstrap takes less time thanks to the large set of ready-to-use elements. Flexibility – adding new elements does not break the overall structure thanks to the dynamically changing grid. Easy modifiability – editing styles is achieved by adding new CSS rules that override existing ones. That being said, you don’t need to use attributes like! Important. A large number of templates – templates in Bootstrap allow you to modify already modified elements to suit your needs. Many developers suggest using their own templates. Huge community of supporters / developers. Wide Range of Applications – Bootstrap is used to create themes for almost any CMS (Magento, Joomla, WordPress or any other), including one-page landing pages. Great official documentation. Bootstrap stuffing Bootstrap consists of a large number of pre-built components that almost all front-end developers use. It should be noted here that Bootstrap is, so to speak, a set of three frameworks: CSS / HTML, JS components: Grid is a basic requirement for a good layout. The grid is a powerful tool for arranging block content and nested elements. Typography – allows you to format font options: paragraphs, quotes, headings, subheadings, different text sizes, code inserts, etc. Alerts (alerts) – any alert can be presented in 4 standard formats: positive, informational, warning, negative. Navigation in Bootstrap has been given special attention: the framework contains designs for tabs (tabs), page navigation (pagination), side menus, breadcrumbs, main menu, toolbar, etc. Forms – text fields and blocks (textarea), buttons, labels (labels), radio buttons, checkboxes, drop-down lists – all these elements in Bootstrap already have prepared styles. Buttons – everything is simple here. To create a button, you need to specify the required set of classes. JavaScript Components – In addition to styles, Bootstrap has rules of behavior for modals, sliders, tooltips, tabs, and other interactive elements on the page. Impressive, isn’t it? And the most pleasant thing is that if you, in your specific project, do not need, for example, forms, modal windows, tabs or something else, then you simply can not include them in the framework code. Thus, the problem of unused code is minimized. It is also worth noting that due to the popularity of Bootstrap, a lot of various add-ons have been developed for it, which allow you to expand the capabilities of the framework, simplify work with it, and create more and more non-standard sites on it. For example, there are add-ons for creating “double-sided” card blocks, there is a component that allows you to create a main navigation menu of almost any complexity, there is a component for simple rating creation. And there are hundreds, if not thousands of similar components! And each of them you can easily connect to your project and use. Conclusion Frameworks are designed to make life easier for experienced developers and help newbies get started developing really decent sites. Frameworks are intended to speed up the website development process. With the use of frameworks, the time for fixing errors and achieving cross-browser compatibility is reduced. All this makes the process of website development faster and more enjoyable. The Bootstrap framework is the most popular framework today. This gives it some additional benefits: a huge developer community, a large number of Bootstrap resources. These are ready-made templates that you can take and edit to fit the needs of your project. This and a large number of add-ons for Bootstrap, written by the developers. Bootstrap is especially popular with those who create so-called “landing pages” (landing >>Read more
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Reviewing The NFL Conference Leaders

The NFL season is already a quarter of the way through and we can see some clear leaders in the league emerging. The build up to this season was anything but standard, and with some exciting offseason news and trades, we had big expectations for an interesting year. Now we’re beginning to see how things have played out for certain teams and we’re impressed with the results. Let’s review the leaders of the AFC and NFC and discuss what’s going right for these teams so far. AFC The competition in the AFC is fierce this season as things have gotten shaken up all around. While the Kansas City Chiefs were expected to be good this year, there was some shock success from the Buffalo Bills and the Pittsburgh Steelers who both have really evolved their gameplay. Buffalo Bills With the AFC East in disarray, analysts suspected that the Buffalo Bills could break out and make a big statement this year. However, few would have guessed that the Bills would be 4-0 and one of the top teams in the league. With their Josh Allen-led offense currently on fire, the Bills will certainly have strong odds leading into their upcoming games. As we review the team and see what it is they’re doing right, it’s clear that something is coming together for this offence. Quarterback Josh Allen has been building his skills year after year and, at age 24, he is showing he can play well in this league. His synergy with receivers like Cole Beasley and newcomer Stefon Diggs has really helped establish this offence. Diggs, in particular, has had a great season thus far with 26 catches for 403 yards and 2 touchdowns. The Bills defence is starting to pick up as well and play consistently. Overall, this is a team that could really steamroll the opposition with the right momentum behind them. Their biggest challenge of the season thus far will come against the Kansas City Chiefs on October 19th. A win here will signal the bandwagons to start circling in Buffalo. Pittsburgh Steelers It’s clear by this point that we are looking at another year where the Steelers have come out with a balanced and determined football team. In the discussion about ageing quarterbacks, there is always talk about Tom Brady, Aaron Rodgers, and Drew Brees, but everyone forgets to mention Steelers quarterback, Ben Roethlisberger. At 38 years old, Roethlisberger is still playing at an elite level and shaking off tackles left and right. Thus far, the Steelers are sitting tight with a 4-0 record. When it counted versus the Eagles, the team really showed up at crucial moments. A lot of praise is owed to the newcomer receiver Chase Claypool, who has provided instant value and made his mark on the squad. Just four games into his career, he is already Roethlisberger’s favorite target and his performance versus the Eagles included 7 receptions for 110 receiving yards and 4 touchdowns. Claypool is turning out to be a phenomenal pick for the Steelers. Kansas City Chiefs There can be a lot of pressure on the returning Super Bowl champions. When we reviewed the Chiefs through the draft and up to the start of the season, expectations were high again for this year. There was nowhere that the Chiefs looked to be lacking and therefore, nowhere to place blame when things went wrong. Thus far, the Chiefs look to be playing to their strengths and showing the league they want to be champions again. Losing to the Raiders 40-32 is a big letdown for sure, but one bump in the road is not going to stop this all-star offence. NFC In the NFC, the power rankings are much murkier. Most teams are situated right at the middle of the pack like the Dallas Cowboys or New Orleans Saints. There are still some clear leaders, including the Seahawks and Packers, but there is ample opportunity for other contenders to emerge. Seattle Seahawks The Seahawks have pulled out some impressive wins thus far including a big win over the Vikings that called for a last-minute drive from quarterback Russell Wilson. This win put the Seahawks at 5-0 for the first time in franchise history. There’s no denying that Wilson has single-handedly turned this team around and made them relevant. Whenever the Seahawks are down, Wilson manages to find a way to reclaim the lead. With a relatively easy schedule ahead for them, it’s possible that the Seahawks will finish the season in the top three in the league. Green Bay Packers Every year Aaron Rodgers keeps pushing for that Super Bowl championship. With a strong 4-0 start to the season, you can see that Rodgers is still determined despite the odds. Even with a string of injuries on the squad, the Packers have still managed some clear and decisive wins over the Vikings, Lions, Saints and Falcons. Awarding compliments where they are due, head coach Matt LaFleur has done a great job keeping this team unified and focused week after week. Due to several injuries, there have been some surprising performances from young players who have stepped up, like Krys Barnes the undrafted rookie who is currently second on the team in tackles. Without their star receiver Davante Adams, someone needed to show up as a playmaker. Tight end Robert Tonyan made a big statement versus the Falcons, catching 6 passes for 98 yards and 3 touchdowns. The Packers are showing surprising roster depth during an important time and, of course, Rodgers is back to playing like the elite-level quarterback he is. The upcoming Brady vs Rodgers grudge match in Tampa Bay on October 18th will really show where this team is competitive. Chicago Bears By far the most surprising addition to this list, the Chicago Bears, are currently 4-1. While some may say other teams deserve to be mentioned before the Bears, it’s not often we get to discuss them so let’s take a moment and focus on what >>Read more
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How is life insurance sold?

Individual Policy

Group Policy

Credit Life Insurance

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