When I think about profit the one thing which comes in any mind is investing in any of the life insurance policy. This is the safest way to profit our selves for the whole life which I consider for myself is the best. Though there are many other ways where most of the people save their earnings, but I like to invest money where I am sure that my life time earnings are well protected and that too in an accurate manner. I have experienced the rewards after investing our finances in the life insurance policy because my grandfather had invested in the universal life insurance policy and my father had a good time through out his life, and then my father also had invested in the whole term life insurance where I had the best time in my life without any financial struggles and so even I have invested in the whole term life insurance policy as well as the health insurance policy so that my family will never have to struggle in their life.
Earlier, some of my friends had invested a part of their money in buying gold, or buying some land and investing in a bank. Though we cannot deny the fact that even these are good proceedings towards investments but again we even have to consider that the gold rates fluctuate from time to time, selling the land during the time when we need the finances urgently may not help us sometimes or even the bank returns may or may not give us so much protection as we need. So I am always in a favor to invest in any of the life insurance policy so that I can benefit from them through out my life without any compromises and tensions. I only have to make a point that I do not fail to pay the amount towards the premiums regularly so that there are no disturbances in the same. When my friends saw me always leading a tension free life, then they were eager to know the reason and I advised them that even they should try to invest in any of the life insurance policy so that even they can lead a tension free life for ever. I even suggested them that before they could take the decision to invest in any of the life insurance policy how easily they can take the help from the life insurance brokers and discuss their financial position with them and how smartly they direct us towards buying the right life insurance policy according to our budget and requirements. In fact after taking the advice of the life insurance brokers, some of my friends’ were so impressed and satisfied that they decided to buy the life insurance policies according to their individual needs. These brokers indeed to a good job towards directing people towards the good life insurance policies and introduce us the benefits of the same for our future life. I always consider my thanks to them too.
By: Roberta Martin
Wednesday, January 7, 2009
The Introduction of the Prudential of London
It is a matter of record that both President Dryden of the Prudential and President Knapp of the Metropolitan were close students of the Prudential of London. Both went to London and witnessed the functioning of the business at first hand. In fact, Mr. Knapp and the Metropolitan’s Attorney, Stewart L. Woodford, and an expert they took with them, were shown every courtesy. They brought back with them a clear conception of the details of management, and implemented this with a complete file of the forms essential to a business as intricate as industrial insurance.
The records of the company show that the procedures and the forms of the Prudential of London were followed to a large degree, and these undoubtedly contributed to the immediate success of the venture. Of course, important adjustments to American conditions had to be made. There was a fundamental difference, for instance, in the basis on which the reserve liability was computed. To be permitted to transact business in the United States, regardless of whether it is life insurance or cheap car insurance, a company was required to maintain reserves computed on the net premium basis, which made it necessary for American companies to maintain larger reserves than those on similar business in England.
The computation of premiums in the earlier days, before the mortality experience on this class of risks or the expense rate of conducting such business was known, was not easy. It was due to the good sense and skill of James M. Craig, Actuary of the Company, that the business was launched properly and safely. The Metropolitan’s industrial business was begun with the issuance, on November 17, 1879, of 34 Industrial policies for weekly premiums totaling $3.95. Before the end of that year a total of 5,143 policies for $516,618 face amount were on the books, and those at the helm knew that their new venture was meeting a real need. By the end of 1880 the industrial business of the Metropolitan had already out¬stripped that of the two other companies then operating.
There was no sign of uncertainty as the new enterprise expanded in many directions. The greatest advantage which the Metropolitan enjoyed arose from the decision to bring from England a large number of men already well trained in the business of life insurance and home owner’s insurance, a decision of historic interest, as the most direct transfer of old world marketing methods in the history of the industry. The first contingent of 21 men appears to have arrived early in the year 1880. All the men were expertly trained, most of them having previously been with the Prudential of London. (http://cheap-insurance-rates.com/home/)
Among these were the vigorous old timers Goldthorpe, Higginbotham, Booth, Selkirk, Shackleton, Roberts, Staniland—men who made Metropolitan history in the early days. Most of them were placed as superintendents or assistant superintendents of district offices in the larger cities of the country, and set to work at once to build up a solid field organization. The importations from abroad rapidly increased in number. Brice Collard literally commuted between New York and London, signing up more than 800 likely field men in the old country.
Altogether, including their families, it is estimated that some 2,000 persons came over in this directed migration. As Mr. Craig said in his company history of 1897: "To these, in addition to its own home force, was assigned the task of laying the foundation; of educating a body of efficient coworkers; training them to the best methods of house to house canvassing and collect¬ing; perfecting them in the intricate matters of bookkeeping, accounts, and the numerous forms inherent to a business of so much detail."
By: Sarah Martin
The records of the company show that the procedures and the forms of the Prudential of London were followed to a large degree, and these undoubtedly contributed to the immediate success of the venture. Of course, important adjustments to American conditions had to be made. There was a fundamental difference, for instance, in the basis on which the reserve liability was computed. To be permitted to transact business in the United States, regardless of whether it is life insurance or cheap car insurance, a company was required to maintain reserves computed on the net premium basis, which made it necessary for American companies to maintain larger reserves than those on similar business in England.
The computation of premiums in the earlier days, before the mortality experience on this class of risks or the expense rate of conducting such business was known, was not easy. It was due to the good sense and skill of James M. Craig, Actuary of the Company, that the business was launched properly and safely. The Metropolitan’s industrial business was begun with the issuance, on November 17, 1879, of 34 Industrial policies for weekly premiums totaling $3.95. Before the end of that year a total of 5,143 policies for $516,618 face amount were on the books, and those at the helm knew that their new venture was meeting a real need. By the end of 1880 the industrial business of the Metropolitan had already out¬stripped that of the two other companies then operating.
There was no sign of uncertainty as the new enterprise expanded in many directions. The greatest advantage which the Metropolitan enjoyed arose from the decision to bring from England a large number of men already well trained in the business of life insurance and home owner’s insurance, a decision of historic interest, as the most direct transfer of old world marketing methods in the history of the industry. The first contingent of 21 men appears to have arrived early in the year 1880. All the men were expertly trained, most of them having previously been with the Prudential of London. (http://cheap-insurance-rates.com/home/)
Among these were the vigorous old timers Goldthorpe, Higginbotham, Booth, Selkirk, Shackleton, Roberts, Staniland—men who made Metropolitan history in the early days. Most of them were placed as superintendents or assistant superintendents of district offices in the larger cities of the country, and set to work at once to build up a solid field organization. The importations from abroad rapidly increased in number. Brice Collard literally commuted between New York and London, signing up more than 800 likely field men in the old country.
Altogether, including their families, it is estimated that some 2,000 persons came over in this directed migration. As Mr. Craig said in his company history of 1897: "To these, in addition to its own home force, was assigned the task of laying the foundation; of educating a body of efficient coworkers; training them to the best methods of house to house canvassing and collect¬ing; perfecting them in the intricate matters of bookkeeping, accounts, and the numerous forms inherent to a business of so much detail."
By: Sarah Martin
Universal Life Insurance - Invest in Any of the Life Insurance Policy and be Contented for the Rest of the Life
When I think about profit the one thing which comes in any mind is investing in any of the life insurance policy. This is the safest way to profit our selves for the whole life which I consider for myself is the best. Though there are many other ways where most of the people save their earnings, but I like to invest money where I am sure that my life time earnings are well protected and that too in an accurate manner. I have experienced the rewards after investing our finances in the life insurance policy because my grandfather had invested in the universal life insurance policy and my father had a good time through out his life, and then my father also had invested in the whole term life insurance where I had the best time in my life without any financial struggles and so even I have invested in the whole term life insurance policy as well as the health insurance policy so that my family will never have to struggle in their life.
Earlier, some of my friends had invested a part of their money in buying gold, or buying some land and investing in a bank. Though we cannot deny the fact that even these are good proceedings towards investments but again we even have to consider that the gold rates fluctuate from time to time, selling the land during the time when we need the finances urgently may not help us sometimes or even the bank returns may or may not give us so much protection as we need. So I am always in a favor to invest in any of the life insurance policy so that I can benefit from them through out my life without any compromises and tensions. I only have to make a point that I do not fail to pay the amount towards the premiums regularly so that there are no disturbances in the same. When my friends saw me always leading a tension free life, then they were eager to know the reason and I advised them that even they should try to invest in any of the life insurance policy so that even they can lead a tension free life for ever. I even suggested them that before they could take the decision to invest in any of the life insurance policy how easily they can take the help from the life insurance brokers and discuss their financial position with them and how smartly they direct us towards buying the right life insurance policy according to our budget and requirements. In fact after taking the advice of the life insurance brokers, some of my friends’ were so impressed and satisfied that they decided to buy the life insurance policies according to their individual needs. These brokers indeed to a good job towards directing people towards the good life insurance policies and introduce us the benefits of the same for our future life. I always consider my thanks to them too.
By: Roberta Martin
Earlier, some of my friends had invested a part of their money in buying gold, or buying some land and investing in a bank. Though we cannot deny the fact that even these are good proceedings towards investments but again we even have to consider that the gold rates fluctuate from time to time, selling the land during the time when we need the finances urgently may not help us sometimes or even the bank returns may or may not give us so much protection as we need. So I am always in a favor to invest in any of the life insurance policy so that I can benefit from them through out my life without any compromises and tensions. I only have to make a point that I do not fail to pay the amount towards the premiums regularly so that there are no disturbances in the same. When my friends saw me always leading a tension free life, then they were eager to know the reason and I advised them that even they should try to invest in any of the life insurance policy so that even they can lead a tension free life for ever. I even suggested them that before they could take the decision to invest in any of the life insurance policy how easily they can take the help from the life insurance brokers and discuss their financial position with them and how smartly they direct us towards buying the right life insurance policy according to our budget and requirements. In fact after taking the advice of the life insurance brokers, some of my friends’ were so impressed and satisfied that they decided to buy the life insurance policies according to their individual needs. These brokers indeed to a good job towards directing people towards the good life insurance policies and introduce us the benefits of the same for our future life. I always consider my thanks to them too.
By: Roberta Martin
Life Insurance For Over 50's | Consider Life With Great Luxuries Once Invested In Life Insurance Policy
All the insurance companies promote the coverage and their benefits which people can go through the life insurance once invested. They promise many advantages which are really good no doubt, but still before investing in any of the life insurance policies, it is always advisable to read the terms and conditions and consider thoroughly before investing. Now a day’s people have become more and more aware about the life insurance policies and are trying to invest at least some amount of the savings of their lives into the life insurance policies. This is really good decision. Because we seriously need to secure the future of our family and make sure that our family will benefit at large in any case.
Everything runs smoothly until and except you are alone and you know that you are earning enough for yourself to live a luxurious and harmonious life. Then you decide to settle in life and get married. Now your responsibilities are doubled and you have to think about your wife also. If even she is earning, then you need not have to worry much because you may not have to compromise much with your lifestyles. But if she is not earning then you only have to take up the rising expenses. Well, then in this case you have to work extra and save extra. After a few years you may even plan to expand your family. You may want a child. Then my dear friends think about it. Once you have settled in life, plan your life according to your lifestyles and save some of your earnings and invest in any of the life insurance policies so that you or your wife and child may not have to struggle in any way in future in any case. Death is a reality of life and we all should all be psychologically prepared to face the negative aspects if one of the spouses leaves this world suddenly. No one can pay the loss of one’s life, but at least we feel financially secured if we have invested in the life insurance policies. The life insurance policies help us to a great extent to resolve our critical conditions in life if we have to face at any period of life. Keeping in mind all these prospects, we should make appropriate resolutions so that we can live in serenity.
Investing in any of the life insurance policy is as good as investing in any of the bank savings account. You are saving a part of your life to get into troubles once you have started investing in any of the life insurance policies. The various coverage of the various life insurance policies differ from one another. You are benefited the most while you are investing in any type of the insurance policies. There are different types of policies which you think about to invest in. They are the life term insurance policy, the universal insurance policy, the mortgage insurance policy and many more. You can consult the life insurance experts for more details. They will guide you properly before investing.
By: Fred Romano
Everything runs smoothly until and except you are alone and you know that you are earning enough for yourself to live a luxurious and harmonious life. Then you decide to settle in life and get married. Now your responsibilities are doubled and you have to think about your wife also. If even she is earning, then you need not have to worry much because you may not have to compromise much with your lifestyles. But if she is not earning then you only have to take up the rising expenses. Well, then in this case you have to work extra and save extra. After a few years you may even plan to expand your family. You may want a child. Then my dear friends think about it. Once you have settled in life, plan your life according to your lifestyles and save some of your earnings and invest in any of the life insurance policies so that you or your wife and child may not have to struggle in any way in future in any case. Death is a reality of life and we all should all be psychologically prepared to face the negative aspects if one of the spouses leaves this world suddenly. No one can pay the loss of one’s life, but at least we feel financially secured if we have invested in the life insurance policies. The life insurance policies help us to a great extent to resolve our critical conditions in life if we have to face at any period of life. Keeping in mind all these prospects, we should make appropriate resolutions so that we can live in serenity.
Investing in any of the life insurance policy is as good as investing in any of the bank savings account. You are saving a part of your life to get into troubles once you have started investing in any of the life insurance policies. The various coverage of the various life insurance policies differ from one another. You are benefited the most while you are investing in any type of the insurance policies. There are different types of policies which you think about to invest in. They are the life term insurance policy, the universal insurance policy, the mortgage insurance policy and many more. You can consult the life insurance experts for more details. They will guide you properly before investing.
By: Fred Romano
Where Does Health Insurance Come From?
We are all familiar with the concept of health insurance and most people have it in some form or another, but have you ever stopped to wonder how it all began? The idea of paying monthly or annual fees to cover the cost of our health issues seems to be a modern one, but the truth is that there is a long history behind it.
Centuries Old
The original idea of health insurance was brought into being by Hugh Chamberlen in 1694. By the time the 1800`s rolled around, people were able to buy accident insurance, which worked to help those who were injured in an accident or who ended up disabled.
The very first health plans only offered compensation if the victim was injured due to an accident on a steamboat or train. While not terribly useful, since there were more injuries related to other circumstances at the time, it did prepare people for the more comprehensive types of plans that would be developed later on by insurance companies.
In 1847, the Massachusetts Health Insurance of Boston offered the very first group insurance policy with comprehensive benefits. By the 1890`s, insurance companies were starting to issue individual policies that covered everything from injuries and accidents to sickness and disease.
Health Insurance During the War
Group insurance plans as we know them today didn`t start until 1929 when a group of teachers decided to create their own plan. They worked a deal with the Baylor Hospital in Dallas, Texas where they would pay a monthly fee in exchange for medical attention and recovery care whenever needed, for any member of the group.
The idea went over so well that it wasn`t long before Blue Cross health plans were designed. These were health plans that were negotiated specifically with the local hospitals or even specific doctors. Discounts were given to the plan holders and the entire process worked very well.
By the 1940`s, it was evident that more than these very basic types of health insurance was necessary. Some people couldn’t afford the monthly fees, but were still in need of the protection afforded by having insurance. This is when employee health insurance became common. Employers would negotiate a deal for their workers and while you worked in a specific workplace, you were covered by their health plan.
During the Second World War, there was a wage freeze. No one was allowed to offer higher wages, which made it virtually impossible to lure the best worker to your company. With so many men away from the country fighting, getting the remaining workers available because a war in and of itself. Health benefits became the new lure and before the war ended in 1945, hundreds of businesses were offering comprehensive health packages in exchange for working for them.
Modern Times, Modern Plans
In the 50`s and 60`s, the government began to take an interest in health care and social security began to include disability insurance in 1954. Medicare and Medicaid were both created in the mid-60`s and by the 90`s, most Americans were enrolled in a managed care health insurance program. While minor changes have been made in the years since then, the basic premise has remained intact.
Health insurance has come a long way since the days of steamboats and rail cars, but it`s even more important now with health care costs on the rise. Built on decades of practical application, modern health insurance allows people to enjoy proper health care and emergency care without having to worry about paying huge amounts of money to a hospital or doctor.
By: A. Nutt
Centuries Old
The original idea of health insurance was brought into being by Hugh Chamberlen in 1694. By the time the 1800`s rolled around, people were able to buy accident insurance, which worked to help those who were injured in an accident or who ended up disabled.
The very first health plans only offered compensation if the victim was injured due to an accident on a steamboat or train. While not terribly useful, since there were more injuries related to other circumstances at the time, it did prepare people for the more comprehensive types of plans that would be developed later on by insurance companies.
In 1847, the Massachusetts Health Insurance of Boston offered the very first group insurance policy with comprehensive benefits. By the 1890`s, insurance companies were starting to issue individual policies that covered everything from injuries and accidents to sickness and disease.
Health Insurance During the War
Group insurance plans as we know them today didn`t start until 1929 when a group of teachers decided to create their own plan. They worked a deal with the Baylor Hospital in Dallas, Texas where they would pay a monthly fee in exchange for medical attention and recovery care whenever needed, for any member of the group.
The idea went over so well that it wasn`t long before Blue Cross health plans were designed. These were health plans that were negotiated specifically with the local hospitals or even specific doctors. Discounts were given to the plan holders and the entire process worked very well.
By the 1940`s, it was evident that more than these very basic types of health insurance was necessary. Some people couldn’t afford the monthly fees, but were still in need of the protection afforded by having insurance. This is when employee health insurance became common. Employers would negotiate a deal for their workers and while you worked in a specific workplace, you were covered by their health plan.
During the Second World War, there was a wage freeze. No one was allowed to offer higher wages, which made it virtually impossible to lure the best worker to your company. With so many men away from the country fighting, getting the remaining workers available because a war in and of itself. Health benefits became the new lure and before the war ended in 1945, hundreds of businesses were offering comprehensive health packages in exchange for working for them.
Modern Times, Modern Plans
In the 50`s and 60`s, the government began to take an interest in health care and social security began to include disability insurance in 1954. Medicare and Medicaid were both created in the mid-60`s and by the 90`s, most Americans were enrolled in a managed care health insurance program. While minor changes have been made in the years since then, the basic premise has remained intact.
Health insurance has come a long way since the days of steamboats and rail cars, but it`s even more important now with health care costs on the rise. Built on decades of practical application, modern health insurance allows people to enjoy proper health care and emergency care without having to worry about paying huge amounts of money to a hospital or doctor.
By: A. Nutt
Term Life Insurance | Move Ahead in Life Very Optimistically After You Invest in the Life Insurance Policy
Everybody’s financial platform should be strong in life. Financial matters should be entertained prior to any other matters. If we are financially secured, then there are no other problems left behind. All the problems start with finances and end with finances. Today if we are rich and have everything in life, then people will also give us respect and if we do not have anything in our hand, then no one look at us for once also. We have to seriously secure our future and make our selves financially independent. The one and the foremost way to secure the future is to invest in the life insurance policy and get satisfied and that is my opinion because I have a good experience with them. I had invested in the whole term life insurance policy and the health insurance policy a few years back. Since then I have no complaints against them and they have been serving with great assistance without any disturbances. Even I never failed to pay the premiums till now. We do not have children and do not want my wife to struggle for anything in her life if anything happens to me unfortunately. She should be able to care of her self after my death. Twice I had needed funds for the treatment of my wife, once she had to undergo a surgery and the other time she met with a minor accident and was hospitalized for 2 weeks. All the medical expenses were covered by the life insurance company through the health insurance policy which I had bought from them without any trouble with great ease. I never felt the burden to pay the hospital bills or the medicine bills. All the expenses came under the policy which I had invested in. it was a great relief for me at that time. I am very happy that I have invested in two policies and how I least have to worry about the other financial matters also. Was it not a good decision on my part to invest in the health insurance policy as well as the whole term insurance policy to lead a tension free life?
I feel that once we make our selves financially protected, then our major job is done. Life runs smoothly without any interruptions, even if we have to face any interruptions, then we will be able to handle the situation with ease. Life is full of thrills. We can enjoy life according to our leisure if the whole thing is planed properly. Ups and downs may not effect on our present days and we will be happy in any situation. If funds are saved and invested in a good life insurance policy, then life goes uncomplicatedly. The life insurance policies play the main role in our life. They assist us in all the possible ways when we are in urgent need of funds. Once we have invested in the life insurance policy, then we will not have to look back. We can move ahead in our life with great confidence.
By: Donald Carmin
I feel that once we make our selves financially protected, then our major job is done. Life runs smoothly without any interruptions, even if we have to face any interruptions, then we will be able to handle the situation with ease. Life is full of thrills. We can enjoy life according to our leisure if the whole thing is planed properly. Ups and downs may not effect on our present days and we will be happy in any situation. If funds are saved and invested in a good life insurance policy, then life goes uncomplicatedly. The life insurance policies play the main role in our life. They assist us in all the possible ways when we are in urgent need of funds. Once we have invested in the life insurance policy, then we will not have to look back. We can move ahead in our life with great confidence.
By: Donald Carmin
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