Archive for July, 2008
Assured – Those insured under the terms of an insurance policy.
Benefit – The money paid to the policyholder when a claim is made.
Bid Price – The selling price or cash-in value of your unit holdings.
Bonus – Relates to a with-profits policy. The amount of money added to the benefit payable under the policy. The amount is dependent upon the profits made by the insurance company. Added bonuses cannot be taken away.
Convertible Term Assurance – A term insurance policy which gives you the option to convert your current policy to a whole-life or endowment insurance policy, without having to take further medical examinations.
Critical Illness Insurance – A policy that pays out a lump sum on the diagnosis of life threatening illnesses indicated in the terms of the plan.
Decreasing Term – A form of term life insurance where the death benefit decreases each year as per your policy. Premiums remain level. This type of certificate is frequently sold as mortgage insurance. There is no surrender value for this policy.
Endowment Insurance – An insurance policy that pays a stated amount at the end of a specified period or upon the death of the insured if it occurs within that period.
Family Income Benefit – Term assurance which pays money to the life assured’s dependants for a set period, rather than paying a lump sum.
Guaranteed Bond – A bond in which principal and interest are guaranteed by an entity other than the issuer. Guaranteed Bonds can be income or growth.
Increasing Term – The cover and the amount you pay into the policy are increased by a specific percentage each year calculated on the original sum insured. Designed as a way to increase your life cover as your earnings increase.
Investment Bond – Combines investment with some life cover. The payments you make into an insurance policy or investment bond, usually a lump sum, are invested in the insurance company’s with-profits or unit-linked funds (Life Funds). Different types of bonds include the guaranteed bond and unit-linked single premium bond. Not to be confused with a company or government bond, an investment that offers a fixed rate of interest and an area where your chosen Life Funds may be invested.
Life Fund – This usually refers to Unit linked Investment Funds. These are funds run by Life Assurance or Pension Companies. Such funds are used for individuals holding life assurance policies to invest in. The assets held within the fund are divided into a number of units. When an investor contributes to a Life Fund, units are allocated to investors in proportion to their investment.
Maturity – An agreed date when an endowment policy ends and the proceeds, including any bonuses, are payable.
Mutual – A life insurance company that is owned by its with-profits policyholders.
Offer Price – The price at which fund units are bought.
Premium – The amount of money paid into an insurance policy.
Proprietary – A life insurance company that issues its profits to its shareholders.
Qualifying Policy – A life assurance based savings plan that has to be written for a minimum of 10 years and must fulfil certain qualifying policy criteria to ensure the final payout is tax free.
Renewable Term – Term Insurance that may be renewed for another term without evidence of insurability.
Single Premium Policy – Where a single lump sum is paid for an insurance policy.
Sum Insured – The amount of money that is guaranteed to be paid under an insurance policy, before any bonuses are added.
Surrender Value – Not applicable to all life insurance policies. The amount that an insurance policyholder is entitled to receive when he or she discontinues coverage
Term Insurance – Provides policyholder with protection only. Life insurance payable to a beneficiary only when an insured dies within a specified number of years (the term). If you live beyond the term you do not receive any payment. This is thought to be the cheapest type of insurance.
Terminal Bonus – This is an extra bonus determined when a death or maturity claim is paid. Terminal bonus is often only paid if the policy has been in-force for a minimum number of years at claim time. The amount is dependent upon the profits made by the insurance company.
Unitised With Profits Fund – Also known as a Unit-Linked With Profits Fund. A type of Life Fund that can invest in UK and overseas shares, property, fixed interest securities and cash. When you invest in this fund through an insurance policy, you buy ‘units’. When an annual bonus is declared, you can either receive more units or it is added to the unit price on a daily basis. Due to the addition of bonuses the unit price does not reflect the value of the underlying investments.
Unit-Linked – Also called Unitised. If your insurance policy is unit-linked, some of your money is used to purchase ‘units’ in a fund. The value of your policy at maturity is dependent upon the growth of the fund in which the policy is invested. Generally refers to policies that offer protection and saving such as endowment insurance, whole life insurance and investment bonds.
Unit-Linked Single Premium Bond – A single lump sum life insurance policy where your investment is spread over a number of Life Funds.
Whole Life Insurance – Whole life insurance provides a death benefit for the policyholder as it builds up cash value. The policy remains in force for the lifetime of the insured, as long as premiums are paid according to the policy agreement. You can choose insurance that pays out on death a guaranteed sum only, the sum plus any bonuses that have been added, or the sum plus any additional value from the growth of the funds invested in.
Without Profits – When a policy reaches maturity or the policyholder dies, the amount paid out is the basic guaranteed sum only. You would not be entitled to any bonuses.
With Profits – Relates to insurance policies that combine investment with protection. This type of policy is entitled to a share of the profits made by the insurance company. Premiums are invested in the with profit fund, reversionary bonuses are applied usually on an annual basis which reflect the investment growth of the fund assets. On death and/or maturity a further terminal bonus might be applied to the fund value.
With Profits Bond – An insurance policy where your lump sum is in most cases invested in a Unitised With Profits Fund (which is listed under the Life Funds section).
First Hand Insurance are Life Insurance (http://www.firsthandinsurance.com/Life-Insurance.php) and House Insurance (http://www.firsthandinsurance.com/House-Insurance.php) specialists in the UK.
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It’s very easy to find California truck insurance on the internet today. No longer does your search require numerous phone calls, faxes, brochures, going to the office and placing calls to (10) or so agents to find a decent California Truck Insurance quote.
There is a certain amount of knowledge needed to properly provide accurate quotes and most agents don’t develop the commercial insurance knowledge to comfortably work in that market segment.
There are also a limited amount of companies that write commercial vehicle coverage so it does take a small additional effort to find the best buy for you. Approaching offices that advertise for commercial insurance normally are your best bet.
For most artisan contractors such as landscapers, plumbers, electrical and service related trades are easy to quote online from the internet. Those intermediate and long haulers need a little more attention and will be serviced best with a live discussion with an agent.
Special situations such as food catering, sand and gravel, tow, explosives, metal and steel commodity transportation will also need a little extra work but still it’s a far cry different today than ever before. Motor truck cargo is also quite easy find along with health and work-comp coverage where necessary.
Special filings are part of the service you’ll receive from those agents that are schooled to write your coverage. Certain situations are also policed by OSHA and the local departments of health. Awareness to these various aspects of your business can be very useful and are there for your protection.
So sit back, relax with your favorite drink, boot up your computer and hug the mouse and off you go to find your California truck insurance.
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This summary of the Fair Credit Reporting Act will explain what you can legally do if you want to repair your own credit report. No matter what you hear, you can dispute credit information on your credit report if you understand the legal rights you have under this law.
The Federal Fair Credit Reporting Act was enacted by the United States Congress in 1971. In summary, it says that the credit bureaus must investigate a consumer dispute if they want to challenge credit information on his or her credit report.
It also states that credit bureaus are required to complete the investigation within a 30 day period. If the credit bureau finds that the disputed information is inaccurate or cannot be verified, they must promptly delete that information.
But there are some cases when a consumer dispute can be ignored by the credit bureaus. If you challenge a negative credit listing on the basis of things like health problems, divorce or job loss, the credit bureaus are entitled to ignore those kinds of disputes. The information you dispute must be either old or incorrect.
You must file a valid dispute where the credit bureaus can contact the creditor and confirm that the new information you gave them is accurate and can be verified. If the credit bureau does not receive verification from the creditor within 30 days, the Fair Credit Reporting Act says the credit bureau must promptly delete that credit listing.
Even though the process sounds simple, the credit bureaus make it more difficult than you can imagine. The credit bureaus don’t like the credit repair companies or anyone offering instruction on how to repair your own credit report. Why? Because it means more work for them.
The credit bureaus blast credit repair companies in the media and warn people against using credit repair services. The bureaus openly deny that any information can even be removed from your credit report.
It is reported that 79 percent of all credit reports contain some type of errors, and up to 25 percent of these errors could result in credit denials, hiked interest rates, and even lost employment opportunities.
If you have any amount of negative credit on your credit report it will cause the interest on all loans you apply for to be much higher. It will even become a barrier to your credit approval. That will cost you a fortune in unnecessary higher interest resulting in higher payments on anything you buy.
How you decide to address or dispute credit information is entirely up to you. But regardless of what you may hear in the news, thousands of people have restored their credit. You can choose to repair your own credit report or hire a professional service to do it for you.
The truth is you do not have to endure bad credit for seven to ten years if you want to challenge the accuracy of your credit report. This summary of the Fair Credit Reporting Act shows you it is possible for you to repair your own credit report and the sooner you start the better.
Copyright © 2005 Credit Repair Facts.com All Rights Reserved.
This article is supplied by http://www.credit-repair-facts.com where you will find credit information, debt elimination programs and informative facts that give you the knowledge to correct your own credit and credit report. For more credit related articles like these go to: http://www.credit-repair-facts.com/articles_1.html
If you feel lost while looking for a cheap loan online, take heart it’s easier than you might think.
Unlike traditional lenders such as banks and finance companies, online lenders operate in such a way as to allow them to offer lower interest rates and can thus make it much more likely to find a cheap loan online than at a physical lender.
That’s part of the reason that more people decide to try to find their cheap loan online every year even individuals who previously doubted the safety and security of their personal and financial information are switching to online lending to better enable them to find a cheap loan online.
Lower Interest
Running a business takes money. Aside from the cost of wages for employees, a variety of expenses such as utilities, insurance, and construction codes can all cost a rather large amount that the business has to pay.
Of course, the money to pay these expenses comes from the customers and in the case of banks and finance companies, that money is largely collected through interest rates.
Companies that offer a cheap loan online still have staffing and server costs, but the overhead costs that they pay are much lower than those of a large lending company or bank.
Because of their lower costs, many online lenders are able to offer a cheap loan online that might not be offered by their physical counterparts even to those individuals who have had credit problems in the past (with sufficient home equity.)
High Security
For many people, the main reason that they haven’t looked into getting a cheap loan online is the risk of identity theft after all, they’re having to send their personal and financial information over an internet connection.
It should be noted, however, that companies which will offer a cheap loan online use sophisticated encryption and security technology; they want to keep you information safe just as much as you do.
Security specialists and support staff work diligently to make sure that there aren’t any dangers hiding in the dark corners of the web, and if they find a potential problem then they fix it before it develops.
Ease and Convenience
Of course, one of the best reasons to apply for a cheap loan online is the convenience of being able to interact with your lender from the safety and ease of your own home whenever you feel like it.
Loan options can be researched, applied for, and inquired about 24 hours a day, and often the loan decision is made within a matter of hours.
Many online lenders also have customer service specialists on call day and night to answer any questions that you might have after all, they want to make sure that your experiences with online lending are the best that they can be.
You may freely reprint this article provided the following author’s biography (including the live URL link) remains intact:
About The Author
John Mussi is the founder of Direct Online Loans who help homeowners find the best available loans via the http://www.directonlineloans.co.uk website.