Reasons Why We Choose Term Life Insurance

Life insurance is very important, especially if you have a family. Having a lifeinsurance policy in place is a wise and responsible decision, but it can be a difficult one to consider. No one wants to think about the consequences surrounding death. However, it’s important to make sure you do have life insurance in place to help cover costs and protect your family.

Life insurance policy can help take care of the expenses of funerals and last costs. This is critical in light of the fact that lacking satisfactory life coverage can include more despondency and weight your family. Having an extra security arrangement will help facilitate the budgetary weight on your friends and family when you kick the bucket.

The correct arrangement for you and your family can give a feeling that all is well with the world and true serenity. Securing a strategy when you begin a family, purchase a home, get hitched or resign can give confirmation and certainty to you and your friends and family.

Term disaster protection might be a decent alternative for you, particularly in the event that you are worried about the cost of life coverage. Excessively numerous individuals abstain from purchasing disaster protection since they fear high expenses.

Be that as it may, this might be a superfluous concern. Term disaster protection can be astandout amongst the most reasonable alternatives accessible. Term extra security implies that you pay a top notch that covers a specific timeframe.

In the event that you are investigating acquiring an extra security approach, you undoubtedly have effectively chosen that disaster protection is imperative to you.

Regardless of what phase of life you are in, extra security can be valuable. On the off chance that you are keen on a term life coverage strategy, scan online for organizations that enable you to acquire your arrangement on the web or via mail. This will accelerate the procedure and influence your purchasing to encounter less demanding.

Get An Affordable Contractors Insurance Quote

Econtractors can help you with fast inexpensive insurance alternatives to your enterprise in just minutes.  Either call us without delay or request a quote through our on-line form under and considered one of our knowledgeable representatives will call you proper away to discuss your alternatives! Popular legal responsibility coverage supplied during the USA besides for Alaska, Delaware, Kentucky, Louisiana, Mississippi, New Hampshire, and Wisconsin.

WHY CHOOSE ECONTRACTORS?

econtractors insure uses enterprise-leading technology to give you an immediately trendy liability quote. Just fill out the quick form underneath to get an immediately charge.

Why We Need Health Insurance In Our Life

Regardless of whether you're one of the fortunate ones that never becomes ill, you ought to be set up if the most noticeably awful happens. It might appear to be costly however you'll express gratitude toward yourself later by acquiring medical coverage.

What Is Health Insurance?

Medical insurance is a type of insurance policy protection that covers the expense of an insured person's medical and medical costs. Depending upon the type of medical insurance protection, either the insured pays expenses out-of-pocket and is then reimbursed, or the insurance provider pays straight to the provider.

In health and wellness insurance policy terms, the "provider" is a clinic, medical facility, physician, lab, healthcare practitioner, or pharmacy. The "insured" is the proprietor of the medical insurance plan; the individual with the wellness...

AIICO Insurance Grows Premium Income To N32.1bn - LEADERSHIP

AIICO Insurance Plc grew its premium income to N32.1 billion in its 2017 financial year end, up from N27.06 billion it posted in its 2016 financial year, representing an increase of N5.03 billion or 19 per cent. Diluted earnings per share for the year were 13 kobo per share, down from 105 kobo per share in 2016. Speaking during a media parley at the company’s headquarter in Lagos last week, the managing director, Mr. Edwin Igbiti, said, his insurer experienced significant growth as a company in 2017, while it had to significantly increase capacity and improve its processes to meet up with customer demands.

Read more here LAEDERSHIP

Exhibitor Insurance that Covers All

Exhibitor Insurance offers broad coverage with high limits and low Premiums to tens of thousands of Exhibitors across North America, and soon globally. We offer from $1,000,000-$5,000,000 in Commercial General Liability, including an optional Property coverage in $10,000, $25,000 and $50,000 increments. Your property will be covered at the show and in transit, 3 days before and 3 days after the show.

Our staff have experience both from the insurance and trade show industry. We are the official Insurance broker for the Canadian Association of Exposition Managers, CAEM. We are also members of Exhibition Services & Contractors Association, ESCA.

Exhibitorinsurance.com is constantly upgrading and maximizing efficiency of all aspects of www.exhibitorinsurance.com. Our most recent project was the launch of our new state of the art website, which is user friendly and incredibly fast.

When you are going to your next event and want to be secure in knowing that you are covered, contact the specialists at www.exhibitorinsurance.com

California Flood Insurance Company

Flood Insurance are marketing sites for NFIP Flood Insurance sales via Jeffrey Beck Insurance Services, a full service exclusive agency for a leading insurance company.

In addition to providing flood insurance in all 50 states, the agency also provides other lines of insurance including auto, home, boat, business, landlord, renters, condo, life and more in the state of California.

California isn’t a place that conjures up the images of devastating floods filling up streets and washing away homes. But did you know that much of Sacramento is considered a high-risk area for flooding? It’s been labeled by the federal government as the most at-risk large city in the USA.

Many communities in California are prone to flooding. From areas near the San Francisco Bay to the Central Valley, Coastal regions and even Inland Deserts. Everyone in the state should purchase flood insurance before the chance is washed away.

The staff at SactoFlood.com are dedicated to providing flood coverage through the National Flood Insurance Program for residents of

California and beyond.

The Meaning of Indemnity, Cover Note And Contribution in Insurance

Indemnity

Apart from life and personal assurance policies, all insurance policies are contracts of indemnity. Indemnity as a basic principle of insurance means the restoration of the insured to the same financial position he was before the loss. This meaning is accordance with the basic concept of insurance which is to compensate the unfortunate for the loss he has sustained and not to profit him from the misfortune. A simplified definition of indemnity is “the exact financial compensation” and this may therefore justify why contracts of life and personal accident are not regarded as contract of indemnity.

This is true because no amount of financial compensation can pay adequately for the life of health of person. For this reasons life and personal accidents policies are regarded as benefits policies.

The principle of indemnity is very important and also intricate of all the principle of insurance. Lack of understanding of it is the cause of public distrust of insurance business especially when their total loss claims on an insured item only receive less than the expected payment. While the public expect to be bettered after the occurrence of an insured event, indemnity principle only provides for a restoration to the exact position immediately before the loss. To public, the application of this principle makes the insuring public victims of sharp practices on the part of the insurers.

Contribution

The term contribution is defined in all insurance as the right of an insurer who has paid under a policy to call upon other insurers equally or otherwise liable for the same loss to contribute to the payment. It arises where a person insures the same item and the same risk with more than one company. Where the risk occurs on the item insured, then, it is expected that all the insurance company with whom the items was insured should contribute to the loss in proportion to the sum insured with them. Contribution as a legal doctrine had its origin from the English courts of equity were it first developed as a means of ensuring the equitable distribution of liability among joint debtors or joint wrong doers.

There is legal barrier to prevent a person from insuring an item with more than one insurance company for the same risk. “A person can willingly insure his property with two different insurance companies if, for example, his banker refuses to accept the policy of his first insurer as adequate to cover the property being given as security for loan”. However, the law forbids (as explained under the principles of indemnity) the insured person from recovering more than his actual loss. The law insists that the sum total of recoveries under all policies must not exceed his actual financial loss.

Cover Notes

Cover notesare documents used by insurers to provide temporary cover to the insured while the insurer works out further details of the risk to decide whether to accept the proposal or not. Cover notes are used because of the time lag before a proposal is accepted. The time lag may be caused by administrative difficulties or the need to carry out through investigation by the insurer. Cover notes are used as a proof of purchase of insurance before policy is issued and as evidence that a contract of insurance is in force. They are used extensively in several classes of insurance such as motor and fire. It is of particular importance in motor insurance because they provide evidence to the importance in motor insurance because they provide evidence to the police that the bearer complies with the statutory requirements until such a time when the policy and the insurance certificate will be issued.

Cover notes are usually issued for a limited period such as 14days or a month and could be renewed only once for another 30days. Although a cover note represents a provisional acceptance of risk, it however, binds the insurer as if the policy has been issued. This means that if a cover note is issued and it subsequently turns out that the insurer is not prepared to accept the risk, he will still be liable for the claim that may arise if the risk occurred within the period the cover note is enforce.

The Importance Of Law and Court Order

OBEDIENCE OF COURT ORDERS IS NECESSARY FOR LAW AND ORDER TO REIGN

From country to country all over the world, it is usual to organize a court system or judiciary to hear and peacefully settle disputes. The courts are a forum for the hearing, adjunction and reconciliation of legal rights and duties of parties. It is one of the three branches of government. It has an important institution of government for the maintenance of law and order in a country.

However, for the courts to perform its duty of administration of justice, obedience of court rulings, judgments and, orders of court by all persons and government is necessary and that is the only way law, order and peace can be maintained.

How Air Craft Owners Can Insure the their Pilots

AVIATION INSURANCE

Aviation operations are required to comply strictly to the prescribed minimum limits of aircraft operators by the Federal Ministry of Aviation.

However, the minimum insurance requirement in Nigeria conforms to the international requirements. For example War-Saw convention in Geneva provides in its section I cover for damages for aircraft's while section II and III provides covers for passengers.

Although there are several risks covered by Aviation Insurance, the insurance of the aircraft passengers and crew are among the other compulsory covers to be obtained in aviation insurance.

Third Party Motor Insurance

According to Nigeria’s Road Traffic Act (1972) as amended) it is compulsory for any motorist to insure his or her vehicle at least on a third party policy. It provides cover for third party liability – Fire and Theft. It does not cover own damage but injury or death to third parties arising from motor accidents. It is the minimum insurance cover required from any motorist or by law before or while operating on Nigerian roads.

MOTOR VEHICLE

Motor Vehicle insurance falls within the broad division of accident insurance, but since it is of such general interest and importance, it is also necessary to examine it at some length.

By the Motor Vehicles (Third Party Insurance) Act 1950, it is compulsory for all motor vehicles owners to insure their vehicles against third party risks i.e. to insure against the risk of liability for death or bodily injury. Moreover, section 31 of the Act provides that it is unlawful to use or permit any person to use a motor vehicle unless there is in force, in relation to the user of that vehicle by such person, person or such other person as the case may be. Such a policy or insurance or such a security for third party risks in accordance with the provision of section 6 of Act. If the user or a motor vehicle is not covered against liability for third party risk, both the owner and the drivers can be successful prosecuted.

Section 6 stipulates that the policy must be issued by an approved insurer and that it must be one which insures such person or classes of person as may be specified in it in respect of death or bodily injury to any person caused by or arising out of the use of the motor vehicle covered by the party the policy.

It is clear that the provision is restricted to death or bodily injury occasional to third parties. It does not cover damages to property of third party, the insured’s property or vehicle or to injury to his person.

GROUP LIFE INSURANCE

In country such as Japan where employers realize that workers loyalty to the corporate establishment is crucial to the achievement of corporate objectives and goal, group life insurance has been used a primary incentive to hard work. When a worker is confident that his whole life labor will not be in vain after all, chances are that such confidence will elicit dedication and loyalty from him. Productivity levels will rise and this will turn enhance the overall health of the national economy.

Group life insurance is a vital tool for enhancing national productivity. Where employees are never sure of receiving any appreciable compensation when they become old and retire, it becomes rampant for them to jump from one firm to another in search of the proverbial green pastures. Under group life insurance, the employer will sign a master contract with the insurance company. The contract will explain the provision of the plan. Each employee will be given a certificate which will serve as an evidence of his participation in the group life insurance plan. The employee’s salary level or job classification will determine the value of insurance to be taken. The employer will pay a portion of the premium while the employee will pay the rest. Very often, though the employer bears the entire cost of the insurance. If the employee leaves the company, he has the option of converting the policy to  an individual policy. Group life insurance is made available to all employees regardless of their state of health.

Again, the premiums paid are generally less than those paid for individual policies. This is because of the minimal administrative cost involved in arranging group life policies. An insurer may only require that the group to be insured should not fall below certain minimum number, or that they should all belong to a uniform occupational or professional group. Nonetheless, it is usually easy to work out the terms. Group health insurance schemes also abound for employees and other groups of people who may suffer as a result of illness, hospitalization, injuries, surgical expenses and disability. This policy can also be obtained on an individual basis. But it may form part of an employee benefit plan. Reimbursement loss having regards to the terms of the policy. (Historic Strides 1999:14)

LIABILITY INSURANCE

Liability Insurance provides cover for the insured against his legal liability to others. This can arise through the negligence of the insured in failing to act in a reasonable manner. Such as crossing the road without looking which leads to an accident. It can also arise through insured’s unlawful disturbance of another person in the enjoyment of his property – (nuisance) or through the insured’s trespass which is unlawful act committed with force or violence on another person’s property.

The insured person can incur public liability through statutory provisions which may hold him or her liable for the loss of a person’s property due to his or her negligence which he or her contributed with third parties. Such liabilities include

• The employer’s liability to his employee.
• The employee’s liability to his employer.
• The public liability by the insured.

How to Get An Affordable Medicare Insurance

Medicare Providers

Due to the significant out-of-pocket payments required by traditional Medicare, a booming market of private-sector insurance products has grown up around the government programs. These Medicare-related insurance products are one of the fastest-growing segments of the U.S. health insurance industry, and they are the part of the market on which a smart consumer should focus his or her attention.

The Medicare Providers is here to help seniors, and other Medicare eligible individuals, understand these products and provide tools to assist in the decision making process.

In order to qualify for most Medicare-related plans, you must meet the standard Medicare eligibility requirements and live in the "geographic service area."

If you move out of your geographic service area during a plan's coverage term, you will usually have a Special Enrollment Period that allows you to enroll in another Medicare-related plan approved for sale in your new location or switch to back to traditional Medicare.

5 Ways To Insure Your Car

Car insurance is something that almost everybody needs to have in place. It is there to protect you when you get involved in an accident, and there are significant damages to your car. There are a few things that you need to do in order to get your vehicle insured though.

Here you will find five ways to get your auto insured.

1. The first thing that you need to know when you are looking for insurance is not that you should compare auto insurance quotes. Though that is important the first thing you need to know before you start is what type of coverage is best for you. This is the coverage you need, not the coverage you want. There is a minimum amount of coverage that every state legislates, but you can also add comprehensive or collision car insurance as well. Adding these will give you another thing to think about; the amounts that will be your deductible. Apart from those two, you can also opt for Gap insurance and emergency roadside service.
2. Your next step is to choose the company you will be getting your car insurance from. You want to look for the best premium, but you also want to learn about the financial strength of the company. You also want to find out if your rate depends on your credit score and how so if it The bottom line is that you will need to do some research before you start finding and comparing quotes.
3. Once you have decided which companies are the best options, you can start calling or checking on the internet to find some auto insurance quotes from them. For this stage of the process, you will need to have your driver’s license number handy as well as some information about your You should also find out what discounts you may be eligible for and have those handy so you can find out if that company offers them.
4. When you follow the tips above and do have your insurance policy and can now legally drive the next thing you should do is to understand how your policy works. This includes what you are protected or covered for and how the insurance policy works. Once you know all of this, you will be able to drive with confidence each day.
5. Before you go ahead and get into your car or even before you leave the office when getting the policy you want to make sure that you understand the process of filing a claim. This ensures that in the unlucky event that you do have an accident you can quickly and easily get through the whole process of filing the claim and getting back on your feet.

Getting insurance for the car is really easy. All it takes is time and a little forethought. Try to lower your risk profiles as much as possible and then to get quotes from many different companies so that you have some quotes to compare. Once that is done just accept the quote you like best, and you are insured from the date indicated in your policy documents.

Method of How an Insurer Pays Premium

RIGHTS OF INSURER ON PAYMENT

When then insurer pays for a total loss, he is entitled to whatever remains of the subject matter insured, but if he pays for a partial loss, he shall acquire no title to the subject matter insured or such part of it as may remain. However, in both cases, he is subrogated to all right and remedies of the assured in and in respect of the subject matter insured as from the time of casualty causing the loss. In other words, he can bring an action in the assureds’ name against any person responsible for the loss.

Where the assured is over insured by double insurance, each insurer shall be bound, as between himself and the other insurers, to contribute ratably to the loss in proportion to the amount for which he is liable under his contract. And if any insurer pays more than his proportion of loss, he shall be entitled to maintain an action for contribution against the other insurers, and be entitled to the like remedies as a surety who has paid more than his proportion of the debt.

Where an assured is insured for an amount less than the insurable value or in the case of a valued policy for an amount less than the policy valuation, he shall be deemed to be his own insurer in respect of the uninsured balance.

Taylor Swift’s Biglaw Attorney Has A Blank Space Where Constitutional Law Should Be

The blog PopFront published an articlepresenting a fairly detailed argument that Taylor Swift is at the very least unwittingly seen as an icon by the forces of racial hatred and at worst willingly fanning the flames of that base. It’s a thought-provoking piece and should inspire Swift to reconsider a number of her artistic and personal choices as a public figure.

But instead it inspired her to engage an attorney to write a ridiculous cease and desist letter. Taylor’s been known to hang out with Barbra Streisand before, and apparently she’s now taking Barbra’s lessons on how to deal with the Internet, because it’s probably safe to say more people have read PopFront’s post in the last 24 hours than did during its initial publication.

The unlucky lawyer who’ll be forever attached to Swift’s laughable effort to intimidate PopFront is Venable LLP partner William J. Briggs II. Oh, Taylor, look what you made him do!

In his long cease & desist letter to Meghan Herning, the Executive Editor of PopFront, Briggs offers the standard overreaching factual misrepresentations and hyperbolic threats about defamation per se (the last refuge of the impugned celebrity!), but provides an exceedingly light helping of caselaw for a four-page letter. He’s got a blank space, baby, and he’ll write your name, assuming your name isn’t a citation to any legally binding precedent.

But the real knee-slapper is in the last paragraph of the Briggs letter:

This is a confidential legal notice and is not for publication. Any publication, dissemination or broadcast of any portion of this letter will constitute a breach of confidence and a violation of Copyright Act. You are not authorized to publish this letter in whole or in part absent our express written authorization.

That’s not how this works. That’s not how any of this works. (UPDATE: And it’s been tried before and it wasn’t how it worked then either.)

This Law School’s Bar Exam Passage Rate Is Dragging Down The Entire State

Less than half of the Charleston Law School graduates who sat for the July 2017 South Carolina bar exam passed. A measly 43.53 percent of Charleston Law test takers passed the exam, furthering the school’s downward trend (2016 passage rate: 50.9 percent; 2015 passage rate: 57.4 percent; 2014 passage rate: 65.3 percent). A thoroughly disappointing outing all the way around.

The poor performance of Charleston students also pulled down the South Carolina passage rate overall. The state overall passage was 68.29 percent, with the other law school in state — University of South Carolina Law School — posting a 76.22 percent rate (test takers attending other schools passed at a rate of 73.29 percent).

According to the Charleston Post and Courier, the dean, Andy Abrams, blames the fact that this year South Carolina moved to the Uniform Bar Exam for the drop in passing test takers. (Of course, that doesn’t account for why the school’s passage rate has been sinking like a stone over the last few years.):

Charleston School of Law Dean Andy Abrams said the July results reflect a major change in the Palmetto State’s bar exam. This is the first year South Carolina has administered the Uniform Bar Examination, a standardized test that is currently accepted in 26 states and Washington, D.C.

In addition to multiple-choice questions, the UBE includes a lengthy essay section and a section in which test-takers must draft motions for hypothetical cases.

“It’s not a bad skill set to test; it’s just very different from the way bar exams have been in the past,” Abrams said.

Other states that have adopted the UBE, such as New York, actually saw their passage rates increase as a result of the uniform test.

Abrams also indicated that many academically strong students transferred out of the school when it entered into negotiation with the InfiLaw for-profit management system in 2013. Those talks officially failed in 2015, and the school is in the process of transforming into a nonprofit. The law school has returned to the enrollment levels of its pre-InfiLaw involvement.

Insurers, NBA move to create healthy industry

The Nigerian Bar Association and the insurance industry have expressed their readiness to work together in building lawyers who can specialise in insurance laws, and to ensure the development of the underwriting in the insurance sector.

Stakeholders at the first yearly seminar of the NBA, Section on Business Law, Insurance and Pension Committee in Lagos.Chairman, Nigerian Bar Association- Section on Business Law, Olumide Akpata, said, one of the reasons why the NBA set up sections is for knowledge development and that, at the section of business law, the mandate essentially is to improve the practice and standard of commercial law in Nigeria.

“As commercial lawyers, we operate with our economy, we advice operators of the economy in different sectors, and at the sector of business laws, we have about 18 committees and these committees are set up along business lines, including insurance,” he said.

He said that the seminar will help the lawyers understand the insurance sector, as well as the challenges the lawyers face.“We are interested in providing sophisticated legal services, and in future, we want to find lawyers who are insurance experts because we don’t have many of them now,” he said.

Head of Legal/Company Secretary, National Insurance Commission, Dr. Talmiz Usman, said NAICOM will continue to introduce initiatives to develop the insurance sector, and engage in partnerships with other sectors to grow insurance in the country.

Committee Chairman on Insurance and Pension, NBA-SBL, Mr. Dominic Ichaba, said that as lawyers, they were interested in providing legal solutions to the insurance industry but that if the insurance industry is not big, they won’t have much to do.

He said, “we are dealing with the topic of insurance penetration because the more insurance develops, the more we have business to do. It will benefit the economy because insurance is good for all of us.”

Executive Director, Leadway Assurance Company Limited, Ms. Adetola Adegbayi, said there is need for lawyers to ensure that insurance companies live up to their obligations because if insurance companies do not live up to expectations, they do not have the right to call themselves insurers.

“As they begin to do that, the question of charging below tariff price will soon disappear because if you don’t charge the right price, and the liability crystalises and you need to pay claims, you know you can’t hide, you will do the right thing,” she said.

Leadway Pensure unveils online portal

To further serve its customers better, Leadway Pensure Limited, one of the leading Pension Funds Administration (PFAs), has unveiled an online pension application portal for self-initiated additional voluntary contribution, and 25 per cent relief withdrawals.

The Managing Director, Ronke Adedeji, said the innovation is a result of careful research, and the firm belief of Leadway to empower her clients through the Leadway Pensure Mobile App, to help customers become more proactive in their engagement with the firm across Nigeria.

According to her, this is an industry first, as no other PFA currently provides this service, adding that the platform is not just a “dump” for requisite documents, but also highly interactive, as there are many features that allow users keep track of the status of their applications.

For Leadway Pensure, such innovations are not new, as sometime last year, it launched the 24-hour PIN generation – also a first in the pension industry.

Today, that capability had since been scaled with customers receiving their PINS within minutes of completing the RSA form.

Licenced in 2004, Leadway Pensure PFA is a first generation Pension Fund Administrator with presence in all states of the federation, and a client base of over 500,000 RSA holders.

Stanbic IBTC tasks employers on better life for retirees

Head, Marketing and Communications, Stanbic IBTC, Mrs. Nkiru Olumide-Ojo (left); Executive Director, Investments, Stanbic IBTC Pension Managers Ltd (SIPML), Oladele Sotubo; Director-General, Lagos State Pension Commission, Mrs. Folashade Onanuga; Head, Business Development, SIPML, Mrs. Nike Bajomo and Senior Manager, South-West Zonal Office, National Pension Commission, Ogedengbe Olarenwaju at an employers’ forum organised by SIPML in Lagos on 27/10/2017 PHOTO: FEMI ADEBESIN-KUTI

…Plans to boost pension growth

Stanbic IBTC Pension Managers Limited has assured stakeholders in the industry that it will help Nigerians to retire well. It gave the assurance at the fifth edition of its employers’ forum, with the theme: “Partnering to deliver excellent pension administration services,” held in Lagos.

According to the firm, the forum was part of its strategic approach to engage industry stakeholders on ways to strengthen the Nigerian pension industry as well as increase participation in the Contributory Pension Scheme (CPS).

The Executive Director on investment, Stanbic IBTC Pension, Oladele Sotubo, said employers have the key to unlock the sustainability of the pension scheme, and that it was necessary to engage them on how their role would impact on the pension scheme.

He added that employers must demonstrate commitment in terms of ensuring their employees had retirement savings accounts (RSAs), and funding the accounts through regular remittances.

Sotubo stressed that there is a clear need to ensure rapid growth of the CPS by increasing its uptake by Nigerians, adding that employers are critical stakeholders in its successful implementation, especially in ensuring enrolment and compliance. “Without these two elements, the entirety of the pension scheme would lack purpose.”

Sotubo is convinced that Nigeria’s pension system held enough promises and benefits, which all stakeholders should tap into while still in active service.

The Head, Business Development, Stanbic IBTC Pension Mrs. Nike Bajomo, said the PFA, backed by the experience and expertise of the Stanbic IBTC Group, would not relent in providing excellent services to its RSA holders and Nigerians.