Does Your Disability Income Insurance Fall Short?
Posted on January 13th, 2012
Because of the limits put on the benefit available under traditional disability income insurance, there are a lot of people who would fall well short of being able to maintain their lifestyle if disabled.
The standard of the industry is 60% of your salary, usually with a maximum of $16,600 a month which is 60% of $200,000. There is no benefit for bonuses, so if your salary was $200,000 and you got a bonus each year that ranged from $50,000 to $150,000, your disability income benefit would be capped at $16,600. If you made $100,000 and made a minimum $100,000 bonus every year, your maximum disability benefit would be based on $100,000, $8300 per month.
I know the 99% really dont care about this, but even those of us who arent in the top 1% income wise are capped in the same ways.
Tags: Disability Income, Disability Income Insurance, Income Insurance, Short
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Keystone Insurers to expand into Georgia
Posted on January 6th, 2012
Keystone Insurers has agreed to expand its business into Georgia, US with around 15 ‘pioneer’ partners, during the second quarter of 2012.
Keystone vice president of sales and marketing Elizabeth Schenk said that the group has been designed to enhance the value of an independent agency providing mutual benefits to individual partners and the larger group.Each independent agency within Keystone gains from an enhanced array of services and support by being part of the larger group.
Fife karting firm faces £1m public liability case following accident
Posted on January 2nd, 2012
A leisure firm based in the Scottish county of Fife is reportedly facing a public liability case which could result in a damages payment of £1 million, after a teacher suffered an accident at one of its karting tracks.
Driveflight, a company based in Glenrothes but which has karting tacks in a number of different locations, is being sued by a woman over an incident at its Aberdeen Kartstart circuit.
Craft and design teacher Julie Markie claims she was checking on a pupil at the side of the karting track when another pupil drove into the pit area at speed, entering through an open gate.
Tags: Accident, Liability Case, Public Liability, Public Liability Case
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Paper Licences Won’t be Needed to Hire a Car from 2015
Posted on December 30th, 2011
Remembering to dig out your paper driving licence for the car rental company has always been a particular bug bear of mine. Apparently it’s because the paper licence has details of any road traffic offences.
But, hallelujah from 2015 this will no longer be the case and you should be able to rock up to the rental car desk (assuming they have the correct systems in place to access the DVLA database!) without handing over a tome of paperwork.
However, as with all these things, nothing is absolutely straight forward, so because this won’t be foolproof, our recommendation, as always, is to check your booking information and make sure that you have all the bits of paperwork and identification that you require for collection, as turning up with one item missing could mean that you are not permitted to take the car.
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Tags: Car, Car 2015
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Christmas Light Safety Videos
Posted on December 13th, 2011
If you’re celebrating Christmas in your home this year, make sure you decorate safely. Many home fires are started every year because unsafe methods or lights were used, or because lights were left on and unattended in the home. As you home insurance agent, we never want to see you have to go through the devastation caused by a house fire – particularly around the holidays.
Tags: Light, Light Safety
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Finding CDs Online That Live Up To Your Expectations
Posted on December 13th, 2011
Especially in times of economic uncertainty, it is important to plan on investments for the future. Online CDs can help you do that, but it is important to gauge the CD performance based on a favorable return that is guaranteed to not lose you any money.
There can be a great amount of research necessary to find certificate of deposits that live up to your expectations but it will be worth it in the long run. A great place to start your search is online. You can
Tags: Online, Online Live
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Treasury opens consultation on ECJ gender ruling
Posted on December 7th, 2011
The consultation paper reiterates the government’s legal interpretation that the judgment will apply to new contracts entered into after 21 December 2012 only.
It seeks views on this legal interpretation and the accompanying draft regulations.
The paper is also looking for comment on the government’s impact assessment and requests additional data that would help it better understand the impact on consumers and insurers.
In March, the ECJ ruled that the use of gender as a risk factor by insurers should not result in individual differences in premiums and benefits for men and women, with effect from 21 December 2012.
Although the government continues to believe this judgment is detrimental for consumers, there is an obligation to implement it into law.