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Reasons To Shop Around For Your Insurance

 Insurance, Reasons To Shop Around For Your Insurance     No comments   

Life, as we all know, happens, and at different stages in life, you’re going to need different protections from your insurance. That’s why an insurance checkup is often in order. Doing it annually may seem like a waste of time, but it could bring about some big savings. That’s particularly true if you have too much insurance. Even being underinsured can cost you if the unthinkable happens, but making sure you have the right level of insurance is not the only reason a checkup is important. It may be funny, but just as the human body needs check-up, your insurance need check-up too. From taking advantage of reduced rates to ensuring you are getting all the discounts accumulated and way over-due, here's a look at some reasons why shopping around for your insurance can save you money.

1) To Take Advantage of Rate Changes

Taking a look at it, one of the most important reasons why you want to do an insurance checkup is to save money. Rates can change more often than you can blink, driven by a wide range of variables and reasons, some of which are out of the control of the insured. Take homeowner's insurance for one example. If crime in your neighborhood decreases, so will your homeowner's insurance premium. Shopping around is the only way you will know if lower rates are available.

2) Your Status/Situation Has Improved

The timing of your insurance purchase can also have an impression on your rates and is another reason why you want to shop around fairly often. Take homeowner’s insurance again as an example. If you bought the policy after a rash of crimes or a big storm and things improved, your premiums could be cheaper. With auto insurance, the same logic applies. You may have signed up for your policy when your credit score had taken a hit, but now you’re in a better financial position and your debts are paid off and your credit score has improved. Or it may be that you had points on your driver’s license that are now gone. In both instances, by shopping around you are going to save money, and in some cases, lots of it.

3) Your Insured Items Got a Lift/Boost

Whether you own a home, car or fine art, what you pay for insurance will be based on the perceived risk. The more that risk is mitigated, the less you will pay in insurance. Take health insurance for an example. Someone who is healthy will pay less for insurance than someone who is sickly. But if that sick person got better, then his insurance should be reduced. The same can be said for an automobile or home. If you just bought a security system for your home or automobile, that is going to lower your risk and thus your premiums. But if you don’t shop around or at the very least let the insurance know about the upgrades, you won’t be able to save.

4) You Have Too Much Coverage

Whether it is on purpose or by mistake, often people end up with too much insurance coverage whether that’s for their health, home, automobile or life. Insurance is supposed to give you some peace of mind, but that doesn’t mean you have to overpay for it. While you may not have to check up on your insurance every year to make sure you have the proper coverage, it is something you should want to do more often than not. After all, you don’t want to have a full coverage on your automobile if it's more than 10 years old or $1 million coverage on a $50,000 condo.
On the flip side, being underinsured can also be a costly mistake. The last thing you want to happen is have a major disaster and not have enough insurance to cover the repairs. If we're talking about health insurance, not having enough of it could end up bankrupting you.

5) You’re Missing Out on Discounts

Insurance companies are in a cutthroat industry, and they want your business and will go to great lengths to attract and retain you as a customer. Meaning that discounts are all over the place. Whether you are shopping for homeowner's insurance, health insurance or for car insurance, insurers are going to offer you discounts that can range from single-digit to double-digit percentage savings. There are discounts for your age, risk, how many products you have with the company, whether you are a member of a particular group and so on. If you don’t shop around for your policies, you could be leaving money on the table in discounts and deals.

Suffice me to say that insurance is a necessary evil that is needed to give you peace of mind and although that peace of mind comes at a cost, it doesn’t have to be too much of a cost if you shop around for your insurance. Whether it's homeowner's, automobile, health or life insurance, going over your coverage, discounts and rates annually can results in big savings. Not to mention that it can ensure you have the right coverage for your individual needs. Doing nothing isn’t an option unless you want to miss out on potentially big savings.
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Questions High Networth People Should Ask About Insurance

 Insurance, Insurance Coverages     No comments   

Many high net worth families fail to acclimatize their insurance portfolios to protect their assets as their wealth grows. This is not bizarre as life has a way of getting very busy. A lot of people think once they have an insurance agent who has set up a comprehensive insurance program, it is on auto-pilot but life happens and things irrevocably change, thus it makes sense to review and update your insurance program from time to time to make sure you in fact actually have comprehensive insurance coverage.

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Term Life Insurance And Universal Life Insurance Compared

 Insurance, Life Insurance, Term Life Insurance, Universal Life Insurance     No comments   

You've come across Term Life and Universal Life insurance policies and you are wondering whether there is any difference? Well, read on...

TLIAULIC Screenshot

TERM LIFE INSURANCE

Term Life Insurance is a temporary insurance which will usually terminate after a specified period of time. This type of insurance has a low premium compared with other types of life insurance.
Term insurance provides life insurance coverage for a particular period of time for a specified premium. For example, a $100,000 20-year term policy for an annual premium of $1,000 is a contract that allows you to protect your beneficiaries for the next 20 years. At the end of 20 years, the coverage either ends, or you can continue the coverage at a much higher premium. Term Life Insurance is the most basic of insurance policies. It is nothing more than an insurance policy that provides protection for accidental death and possibly debilitating injuries for a specified period of time. If you or your beneficiaries do not make any claims during the term of such a policy, the policy will typically expire worthless. Generally, term life insurance is cheaper to buy during the earlier years of life, when the risk of death is relatively low. Prices rise in accordance with increasing risks and advancing age.Term insurance provides life insurance coverage for a particular period of time for a specified premium. For example, a $100,000 20-year term policy for an annual premium of $1,000 is a contract that allows you to protect your beneficiaries for the next 20 years. At the end of 20 years, the coverage either ends, or you can continue the coverage at a much higher premium.

UNIVERSAL LIFE INSURANCE

Universal life insurance is flexible coverage which will be temporary or permanent depending on how the policy is funded by the policy owner.  Universal life insurance has a cash value which can be withdrawn by the policy owner, and can be invested in either a fixed interest or variable sub=account.  In a variable sub-account the cash value is invested in assets such as stocks and bonds.  How long the policy lasts will depend upon a number of factors including the premium payments made to the policy as well as the performance of the sub-account.
Universal life insurance falls under a broader category of policies sometimes referred to as cash-value, or permanent, insurance. These types of insurance policies combine death benefits with a savings component or cash value that is reinvested and tax deferred. The savings portion is accumulated throughout the life of the policy and can sometimes be cashed in at some future point. Because these policies are permanent, any early termination of the contract by the policy holder is subject to penalties. During the earlier stages of your life, a large portion of the premium paid to this policy is routed to the savings component. During the later stages of life, when the cost of insurance is higher, less of the premium is devoted to the cash portion and more to the purchase of insurance.
For example, if a 20-year-old adult purchases term insurance, his or her premiums might be $20 per month. With a universal policy, the same 20 year old might pay $100 a month, with $20 of that going toward death insurance and the remaining $80 going to the savings component. When the person reaches age 45, term insurance might cost $50 per month; however, with universal insurance, the person would still pay $100 a month, although a lower portion of this would go into the savings component.
Universal life insurance is a form of "permanent"  lifetime insurance. You'll pay a higher premium for that $100,000, but you'll have so much more flexibility. The insurance company will create a "cash value" account in this policy, and offer a guaranteed minimum interest rate on the growth. Part of your premium is used to pay for the annual cost of insurance, and the other part goes into a growing cash account that you can access at any time. Other benefits include:
1)  Adjustable coverage, so you can increase or decrease the death benefit as your needs change.
2)  Flexible payment options, so you'll be able to increase, decrease, or even stop your premium payments as your circumstances change.
3)  Growing cash value, so you'll have a "bank account" inside your policy that you can access for emergencies, college expenses, supplemental retirement income, or any other cash needs you may have.

CONCLUSION

According to most unbiased experts, term life is more appropriate for the average individual looking to insure him or herself against unforeseen events. However, this does not mean that term life is better for everyone. For example, individuals looking for the tax advantages associated with cash-value plans are not concerned with the prohibitive costs related to those plans, and individuals who start families later in life and need insurance to protect their loved ones may also decide that cash-value insurance is more suitable than term life.
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Insurance Coverages You Didn't Think You'll Need

 Insurance, Insurance Coverages     No comments   

We all know we need automobile, homeowners and probably renter's insurance coverage, but, do we really know what kind of coverage our policies offer? The chances are, unless you are well-versed in the ins and outs of insurance, there are a few types of insurance you didn't think you needed, when in fact, you might. Here are a few of the most-needed and least understood insurance types.

ICYDTYN Screenshot

1) Personal Electronic Equipment InsuranceIf you own expensive gadgets like TVs, speakers or other home electronics, you may want to consider Personal Electronic Equipment Insurance. This type of coverage is larger than what a standard home insurance policy will cover for damage or loss, including those that take place during an installation on stereos, computer equipment, flat-screen TVs and audio equipment. Depending on the policy, it may even cover the repair and replacement of the items.

2) Scheduled Personal Property InsuranceScheduled Personal Property (SPP) is handled as a "floater" to your home insurance policy, and assigns specific value amounts to prized items like artwork, jewelry, expensive handbags, designer clothing and furs (You will need to hire a professional appraiser to assign a value to the items). A common misinterpretation is that your homeowner's insurance policy will take care of these items in the event that you have a fire, are a victim of theft or other disaster which destroys the valuable contents in your home. While that is true, the replacement limits covered under a standard policy are typically much lower than the value of the property that was lost or damaged. For example, a wedding ring lost in a fire might be replaced at a maximum amount of only $1,500, according to the Insurance Information Institute. Furthermore, SPP will cover valuables that are lost during travel, are accidentally misplaced, and even, wedding rings that slide down the drain.

3) Burial InsuranceYou've probably seen and heard of people arranging for burial plots before death, but you can also buy a burial insurance policy that will help cover the costs of your funeral. Burial insurance policies are typically sold through independent life insurance brokers, and in some cases, funeral homes. The premium is usually only a few dollars each week or month, and the payout is dependent on the age of the insured at the time of death (The policy will usually pay more the younger the insured is at the time of death). While it may sound morbid, having a financial plan for the costs to cover your death is a fact of life. According to the National Funeral Director's Association, the average cost of a funeral in 2009 was $6,560.

4) Dog Bite InsuranceNo dog owner wants to think that his or her furry friend could harm another individual, but dog bites do happen. Funny right? Well, according to the Insurance Information Institute, "more than 50% of them happen on an owner's property, and they account for one-third of all homeowner's insurance liability claims." While most homeowner's and renter's insurance policies will cover dog bite liabilities, we live in a society filled with strife, and laws differ by state around owner liability. If your dog bites a person and you are sued, standard coverage limits included in your existing policies may not be enough to protect your personal assets. To increase limits, you can purchase an umbrella liability policy, which will cover you above and beyond the liability coverage amounts in a standard insurance policy.

5) Flood Insurance: While most homeowner and renter's insurance policies protect against natural disasters like fire, wind damage, hail and other perils, flood insurance doesn't fall under the list of covered incidents. To secure protection against flood damage, you need to purchase a separate flood insurance policy.

6) Wedding Insurance We all want to have that dream wedding, right? Well, a lot of money goes into having a wedding, including hiring vendors and paying upfront deposits in order to secure services well in advance of the big day. Wedding insurance is intended to cover any missteps that can happen when it comes to your wedding like replacing lost funds if the caterer you secured with a deposit stops returning calls, replacing item costs if your tailor ruins your custom-made dress during alterations, if the wedding gifts are damaged or you have to suddenly postpone the event due to death or illness. It is often sold through the same insurer you use for your homeowner's, renter's or auto insurance coverage.

To round this off, Insurance is based on protection from the unknown. Whether it's an unpredictable pet, prized possession or pending marital vows, make certain that you understand exactly what is covered in your current insurance policies to determine whether you may need to take on extra coverage, for financial peace of mind.
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Questions On Life Insurance You Should Ask

 Insurance, Life Insurance     No comments   

If you're in the market for life insurance, you might have been tempted by those ads claiming that "for just a few dollars a day, you can protect your family with $1 million in life insurance!" It sounds like a good deal, right? These adverts typically refer to term life insurance. As its name implies, term life insurance provides protection for a limited amount of time - or a specific "term" of years, such as 10, 20 or even 30 years.
It's fairly simple; if you die while your policy is active, your family will receive a death benefit, but the many types of term insurance and options can be confusing. Is term life insurance likely to do the trick for you? Start by asking yourself the following questions.

1. What am I trying to accomplish?
Before you purchase any kind of life insurance, think about why you're buying it. Are you protecting your family in case of an early death? Have you taken on additional debt that requires you to provide coverage? Are you looking to leave an inheritance to a charity?
Understand that in most cases, term insurance policies do not pay a claim - most people who buy term insurance "outlive" their policy's term. As a result, if you're shopping for insurance to protect financial obligations you may have for a very long time - possibly for the rest of your life - consider exploring another type of policy, called permanent insurance.
If you're in a cash crunch and have immediate obligations to your family, business partners, or lenders, term insurance can provide you with a quick, simple, short-term solution.

2. What's available?
Most people will have access to at least one of the two types of term insurance policies: group or individual.
  • Group - Most companies offer their employees some form of term life insurance as an employee benefit. This is called Group term insurance, because you're getting protection as part of a larger group. Usually it's deducted right from your paycheck and the only requirement for coverage is to complete a brief questionnaire with details of your health history. Here are some of the advantages of group term insurance:
    • It's easy - You can usually sign up for a policy when you take a new job and enroll in your company's benefits program. You may also have an opportunity to sign up during the annual enrollment period at your company; when you may sign up for other benefits, such as medical, dental, or an employer-sponsored retirement plan.
    • No medical - Most group plans don't require a physical exam. A statement of good health, along with a medical history, is usually all that's required to secure coverage.
    • Automatic payments - Through payroll deduction, you'll hardly feel the financial hit of paying premiums every month.
  • Individual - As the name implies, an individual policy is one in which you apply for coverage on your own. You - or typically a family member - will own the actual policy. In order to obtain an individual policy, you'll probably have to undergo a medical exam of some sort, provide a detailed medical history, and give the insurance company permission to look into your medical records and perform a background check on any driving offenses and criminal activities. This might sound a little invasive, but there are some great benefits to owning an individual life insurance policy.
    • It's portable - If you take a new job at a different company, you don't have to worry about losing your life insurance protection.
    • Level premiums - Generally, individual policies can be structured to have level premiums for the duration of the policy; typically this is a 10-20, or 30-year period.
    • Flexibility - If you ever want to upgrade or convert your term policy to a permanent policy, you might have more options available with an individual policy than you would with a group plan.
3. What if I don't die?
Ludicrously, some people who buy term life insurance get upset when they find out that if they don't die, they don't get anything back.
If this is a concern for you, it's important to get an understanding of what will happen to your policy as you near the end of the term.
  • Premiums go up - Many term policies offer level premiums for several years (10, 20 and even 30 years, for example). As you approach the end of that term, you may have the option of keeping your policy. If you do, you can expect a hefty jump in your premium.
  • Might need a new policy - If you are still healthy at this time in your life and you want to keep the coverage, it may be best to apply for a new policy.
  • Drop in coverage - Perhaps you only wanted your policy to cover you as long as you had a mortgage, or until your children's college education was paid for. If that's the case and you have no other obligations to protect, you might want to let the coverage expire.
  • Upgrade the policy - Most term policies come with a "conversion privilege". This allows you to essentially trade in your old term policy for a new permanent policy.
4. How can I upgrade this policy?
As mentioned previously, most term policies allow you to convert from a term policy to a permanent one. This is a great feature that provides future flexibility but because some policies have limitations, you should familiarize yourself with the conversion rules of any policy you're considering.

When can I convert?
The conversion privilege might have a time limitation on it, to age 70, for example. Some policies allow conversion during the entire term of the policy.

What can I convert to?
The most generous term policies allow you to convert to any type of permanent policy available, such as whole life, universal life, or variable universal life. Some term policies may force you to convert specifically to just one type, and some companies may not offer all types, which can also limit your options down the road.

5. Where do I buy a policy?
Chances are you'll probably hit the major internet search engines first when looking for information about buying a policy. A number of online distributors can provide you with a term insurance policy. These distributors typically focus on finding the lowest cost policy, given the personal information you provide.
For a more personalized experience, you might consider finding a professional. An insurance agent/broker will help you understand all the different variations of insurance - both term and permanent - and should be able to answer any questions you might have. You can find one by visiting any of the major company websites or combing through your local phone books, but probably the best way to find a representative is to ask around for a referral from a friend or business associate.
Finally, for group coverage, you can check with your employer. If you're self-employed, you may have access to a group plan through a professional association, or you may even be able to put a group plan in place for yourself and your employees.

After going through these questions, you will be able to decide for yourself if that million-dollar coverage ad is really what you need to provide for you and your family. If it's not, don't be afraid to pass it by - there are hundreds of policies waiting to provide you with the peace of mind you're looking for!
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Having An Understanding Of Life Insurance Premiums

 Insurance, Life Insurance, Life Insurance Premiums     No comments   

Once you've made a decision to buy permanent insurance, you then need to figure out what kind of policy to purchase and what amount of premium to pay. Unlike term life insurance, which has a set premium based on the amount and duration of coverage, the premium for a permanent policy depends on how the coverage is designed and what assumptions are used to prepare the hypothetical illustration. Premiums also vary depending on the kind of permanent coverage; for example, whole life has less flexibility than universal life. Additionally, the premium can change over the time you own the coverage.
HAUOLIP Screenshot

How Is Premium Calculated?

The premium for a life insurance policy is calculated using illustration software provided by the insurance company. The premium amount is determined by a number of variables including your age, sex, health rating, assumed rate of return, payment mode, additional riders, and whether the death benefit is level or increasing. How long the policy is designed to last, as well as the assumed non-guaranteed rate of return, can have a significant effect on the premium. Some policies are calculated to last to expected mortality or age 90, while others may be modeled to last until age 121.

Premiums

When you receive a hypothetical illustration all of the following premiums, along with some explanations, will be included. You will have to read through the illustration to locate them, since the ledgers in the illustration will be based on the planned premium.

The Planned or Target premium is the amount modeled by the software and is based on the variables the insurance broker enters into the program, including an assumed rate of return. The assumed rate of return is important, since a higher non-guaranteed return results in a lower premium and vice versa.
The No Lapse Guarantee premium is the amount that must be paid to ensure that the policy will stay in force for a set number of years, regardless of actual policy performance. During the no lapse period, the insurer guarantees the coverage will continue, even if the cash value drops to zero. However, once the guarantee period ends, the policy could lapse unless a significantly higher premium is paid. The no lapse period can range from as few as 5 years even up to age 121. In exchange for the guarantee, contracts with longer guarantee periods tend to build significantly less cash value than does the same contract using the target or other non-guaranteed premium.
The Guideline Premium and the Cash Value Accumulation tests were devised to provide an IRS-approved way to determine the tax treatment of a life insurance policy. The guideline premium test requires a policy to have at least a minimum amount of at-risk death benefit (insurance that exceeds the cash value). The corridor amount is greater when the policy holder is young and decreases as a percentage of the total death benefit as one ages, eventually dropping to zero by age 95. If the premium exceeds these guidelines, then the policy could be taxed as an investment rather than as insurance.
The Modified Endowment premium is the amount that makes an insurance policy a Modified Endowment Contract (MEC). Under the Technical and Miscellaneous Revenue Act of 1988, distributions from a policy determined to be a MEC, such as loans or cash surrenders, are potentially taxable and could be subject to an IRS 10% penalty tax. However, the death benefit remains income-tax free. A policy can become a MEC when the combined premiums paid during the first 7 years that the policy is in force exceeds the 7 pay test premium. The illustration software automatically calculates the 7 pay premium amount. The IRS has established these measures to help curb abuses where insurers sold policies with a nominal amount of insurance that were really designed to build a large amount of tax-free cash value. The 7 pay amount varies by age and kind of policy.
The Minimum premium is the amount that must be paid to put the policy in force. This amount is usually not sufficient to keep the coverage in force for life, unless the insured is very young. This premium may be used, for example, when a 1035 exchange from another policy is pending or the policy is owned in a trust and when issued gifts will be made to provide additional funding.

Which Premium Amount Should You Pay?

The amount of premium you should pay really depends on how you design the coverage.
Whole life policies build a large cash value and tend to have higher set premium. Current assumption universal life policies have flexible premiums and assume fixed interest rates of return. Variable universal life policies, in contrast, offer the greatest risk reward potential, allowing the cash value to be invested in mutual fund sub-accounts.
To build the most cash value in a policy, you want to pay the maximum allowed premium and select a level death benefit that helps minimize the amount of insurance you are buying. If you want leverage (death benefit), universal and variable policies illustrated with a high rate of return, increasing death benefit and low premium provide the highest payout at death. A policy with a level death benefit, for example $500,000, includes your cash value as part of the death benefit. A policy with an increasing death benefits would pay $500,000, plus any cash value.
Whole life and no-lapse universal policies offer guaranteed death benefits. However, the policies will have a higher premium offering less leverage.

In other words, when designing permanent life insurance coverage, the right premium really comes down to why you are buying the coverage. Is it for protection, cash value accumulation or both?
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Reasons To Own Life Insurance In Irrevocable Trust

 Insurance, Irrevocable Trust, Life Insurance     No comments   

People buy life insurance for many reasons, and it offers some unique features that are not found in many other financial products. For example, leverage, especially in the early years of a policy, where you pay a small premium to lock in a large death benefit or the ability to time liquidity to an event (the death benefit).

Irrevocable Life Insurance Trust (ILIT)

An irrevocable trust can't be modified or terminated without the permission of the beneficiary. The grantor, having transferred assets into the trust, effectively removes all of his rights of ownership to the assets and the trust. This is the opposite of a revocable trust, which allows the grantor to modify the trust.
An Irrevocable Life Insurance Trust (ILIT) is created to own and control a term or permanent life insurance policy or policies while the insured is alive, as well as to manage and distribute the proceeds that are paid out upon the insured’s death. An ILIT can own both individual and second to die life insurance policies. Second to die policies insure two lives and pay a death benefit only upon the second death.
An ILIT has several parties -- the grantor, trustees and beneficiaries. The grantor typically creates and funds the ILIT. Gifts or transfers made to the ILIT are permanent, and the grantor is giving up control to the trustee. The trustee manages the ILIT, and the beneficiaries receive distributions.
It is important for the grantor to avoid any incident ownership in the life insurance policy, and any premium paid should come from a checking account owned by the ILIT. If the grantor transfers an existing life insurance policy to the ILIT, there is a 3-year look back period in which the death benefit could be included in the grantor's estate. There can also be gifting problems if the policy being transferred has a large accumulated cash value. If there is a question about the grantor being able to obtain coverage and you want to verify insurability before paying the expense of having a trust drafted, have the grantor apply for coverage and list the owner as a trust to be named. Once the insurance company has made an offer for a new application, properly listing the trust as owner can be submitted, replacing the initial application. The policy will then be issued to the trust.

RTOLIIIT Screenshot

Once established and funded, an ILIT can serve many purposes including the following:

1) Minimizing Federal and State Estate Taxes

If you are the owner and insured, then the death benefit of a life insurance policy will be included in your gross estate. However, when life insurance is owned by an ILIT, the proceeds from the death benefit are not part of the insured's gross estate and thus not subject to state and federal estate taxation. If properly drafted the ILIT can, however, provide liquidity to help pay estate taxes, as well as other debts and expenses, by purchasing assets from the grantor’s estate or through a loan. Also, lifetime gifts can help reduce your taxable estate by transferring assets into the ILIT.

2) Avoid Gift Taxes

A properly drafted ILIT avoids gift tax consequences since contributions by the grantor are considered gifts to the beneficiaries. To avoid gift taxes it is crucial that the trustee, using a Crummey letter, notify the beneficiaries of the trust of their right to withdraw a share of the contributions for a 30-day period. After 30 days, the trustee can then use the contributions to pay the insurance policy premium. The Crummey letter qualifies the transfer for the annual gift tax exclusion by making the gift a present rather than future interest, thus avoiding the need in most cases to file a gift tax return.
In 2015 you can give $14,000 a year to as many people as you like. The $14,000 encompasses all gifts. A married couple can give an individual a combined $28,000 annually, gift-tax free. There is no limit to the total number of gifts a couple may make. You can also give someone more than $14,000 a year with the excess being applied toward your lifetime estate tax exemption of $5,430,000.

3) Government Benefits

Having the proceeds from a life insurance policy owned by an ILIT can help protect the benefits of a trust beneficiary who is receiving government aid, such as Social Security disability income or Medicaid. The Trustee can carefully control how distributions from the trust are used so as not to interfere with the beneficiary's eligibility to receive government benefits.

4) Asset Protection

Each state has different rules and limits regarding how much cash value or death benefit is protected from creditors. Any coverage above these limits held in an ILIT is generally protected from the creditors of the grantor and/or beneficiary. The creditors may however attach any distributions made from the ILIT.

5) Distributions

The trustee of an ILIT can have discretionary powers to make distributions and control when beneficiaries receive the proceeds of your policy. The insurance proceeds can be paid out immediately to one or all of your beneficiaries or you can specify how and when beneficiaries receive distributions. The trustee can also have discretion to provide distributions when beneficiaries attain certain milestones, such as graduating from college, buying a first home or having a child. This can be useful in second marriages to ensure how assets are distributed or if the grantor of the trust has children who are minors or need financial protection.

6) Legacy Planning

The generation-skipping transfer tax (GST) imposes a tax of 40% on both outright gifts and transfers in trust to or for the benefit of unrelated persons who are more than 37.5 years younger than the donor, or to related persons more than one generation younger than the donor. A common example is gifting to grandchildren instead of children.
An ILIT helps leverage the grantor of the trust’s generation-skipping transfer (GST) tax exemption by using gifts to the trust to buy and fund a life insurance policy. Since the proceeds from the death benefit are excluded from the grantor’s estate, multiple generations of family -- children, grandchildren and great grandchildren -- may benefit from the trust assets free of estate and GST tax.

7) Taxes

Irrevocable trusts have a separate tax identification number and a very aggressive income tax schedule. However, the cash value accumulating in a life insurance policy is free from taxation as is the death benefit so there are no taxes issues with having a policy owned in an ILIT. If properly designed, an ILIT can allow the trustee access to the accumulated cash value, by taking loans and/or distributions at cost basis, even while the insured is alive. However, once a death benefit has been paid, if the proceeds remain in the trust, any investment income earned and not distributed to the beneficiaries could be taxed.
 
In conclusion, ILITs are a powerful tool that should be considered in many wealth management plans to help ensure that your policy is used in the best possible way to benefit your family and even with the federal estate and gift tax exemption at $5.43 million, it is still possible to owe state estate taxes. Many states begin taxing your estate at $1 million or less.
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Why You Should Buy Disability Rider On Life Insurance

 Disability Rider, Insurance, Life Insurance     1 comment   

When buying a life insurance policy does it make sense to also pay for a rider that waives the premium payment if you become disabled? According to the American Council of Life Insurers the majority of individual life insurance policies in force include a rider that waives the premium upon total disability. However, most people really don’t understand how the riders work or if it is a cost effective benefit.
A ''rider'' is an add-on provision to a basic insurance policy that provides additional benefits to the policyholder at an additional cost. Standard policies usually leave little room for modification or customization beyond choosing deductibles and coverage amounts. Riders help policyholders create insurance products that can meet their specific needs.

WYSBDROLI Screenshot

 What is a Waiver of Premium?

When you buy a life insurance policy, for an additional fee, a rider can be added to the contract that waives the premium payment if the insured becomes totally disabled. In other words, the insurer pays the planned premium. For a term policy, this would simply be the cost of insurance but in a permanent policy the insurer would also be making additions that help build the cash value.
The cost of the rider depends on several factors including the amount of insurance and kind of policy as well as the insured’s age, occupation and health rating. With term policies the cost of the rider could be an additional 10-15% of the planned premium. The cost in a permanent policy varies depending on the design and kind of coverage (whole life, universal life, etc.). The rider commonly adds an additional 3-6% to the premium.

How Does the Rider Work?

The waiver of premium rider is underwritten separately when applying for life insurance and is usually issued to individuals between the ages of 18 and 60. However, the rider is not automatically issued and for individuals in higher risk occupations, such as a fireman or police, an insurer may offer the life insurance coverage with a favorable rating, but exclude the rider. Or the cost of the rider could be more expensive based on the insured’s occupation or risky hobby, such as rock climbing.
Once eligible, the rider pays a benefit to age 65 or for the planned premium period. The planned premium period is how the policy was issued based on the hypothetical illustration. For example, the benefit could stop on a whole life policy that was scheduled to be paid up at age 55 or after 20 years on a level term policy. The limited waiver period can be a problem with a permanent policy that was illustrated with premium payments that extend beyond age 65 because the policy may be underfunded and eventually lapse.
To qualify for benefits, most riders have an elimination period of four to six months during which the insured must be totally disabled. The premium may also have to be paid during the elimination period, depending on the company later reimbursed. If the insured has a recurring disability, due to the same problem, once the initial elimination period has been met, subsequent claims will not require a new elimination period. However, if the claim is for a new ailment a new elimination period will be imposed.

What Qualifies as Disabled?

The definition of disability is included in the policy. For example, many insurers define total disability as the inability to perform the substantial and material duties of one’s regular occupation. In addition, the disability must be due to an accidental injury or a sickness and pre-existing conditions may be excluded. The loss of sight as well as the loss of use of a hand or foot may also qualify the insured for benefits.
Definitions are very important and do differ by insurer. For instance, a liberal definition may allow the insured who was not working, but instead a full time student, when the disability occurred to collect benefits. Also, many riders allow the insurer to review the insured’s status periodically as well as change the definition of disability after a stated period of time, three to five years, for example. The change is usually to a wider definition of disability, such as the inability to perform the substantial and material duties of any occupation for which the insured is reasonably suited based on education, training or experience. Thus, upon review, the insurer could argue that benefits should end well before age 65, depending on the insured’s ailment.

Should You Buy a Rider?

Purchasing a rider to waive the premium can be an expensive way to get a limited amount of disability income coverage. If you have group long-term disability coverage and/or are eligible to purchase an individual policy you should weigh the cost and benefit of the rider. If you have limited disability coverage or coverage is unavailable due to a health issue or could be very costly based on your occupation, then purchasing a rider that waives the premium could make sense.

Conclusion

Before automatically buying a rider you need to read the fine print and understand the how the rider works and what kind of benefit you could receive. Paying the added cost for the rider can make sense if you need the life insurance to stay in force and would have difficulties making the premium payments if you were out of work.
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Disability Insurance: A Brief Introduction

 Disability Insurance, Insurance     No comments   

Disability Insurance also called disability income insurance, protects your income if you become unable to work for several months or longer due to illness or injury. The income provided by a DII policy can help you maintain your standard of living and pay your medical bills while you recover – or pay them until the policy terminates, which may be at age 65 or when you die, if you don’t recover. It can also protect anyone who has cosigned on a loan of yours but who can’t really afford to make the loan payments on your behalf, such as a parent who cosigned for your private student loans, which may not offer forbearance, deferral or forgiveness if you become disabled.
We all ask questions such as: Why do I need a disability income insurance? Doesn’t the federal government pay benefits if I become disabled?
Yes – the Social Security Administration’s disability insurance program, also called SSDI, does pays benefits. Individuals must be eligible from their FICA payroll tax contributions, and the SSA has strict definitions of disability and low monthly benefit payments. While SSDI is certainly better than nothing, since not everyone will qualify for it or be able to maintain their usual standard of living off its benefits, private disability insurance is an appealing alternative or complement. If you collect benefits from a private disability insurance policy, you can still collect Social Security disability benefits!

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Download Flash Share (Gionee Xender) App APK for Blackberry, Windows & Android Devices

 Android, Apps, download flash, Downloads, flash download, flash share app, flash share for android, flash share for android phone, Free Download, lash share download, Mobile, Tutorial     26 comments   

Flashshare or Flash Share is a mobile phone application for Android operating system. It is a flash transfer app installed for free on most Android devices e.g Lenovo, Samsung, iTel, Infinix, Gionee, TECNO phones etc. 


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SGIO: Car & Contents Insurance App - Personalise Information Plus Get Policy Reminder Alert

 Insurance, Insurance App     No comments   

SGIO Insurance app is available on Android Store and iTunes shop. Decide to download this amazing Car insurance and content insurance app which has a 2 secure, fast and easy login access options. You could decide to login via fingerprint or through a 4 digit PIN. 
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Term Life Insurance App - Download & Use Term Life Insurance Quoting App To get Lowest Term Life Insurance Products

 Insurance, Insurance App, Term Life Insurance     No comments   

Term Life Insurance Quotes App is an an insurance app that instantly gives you the chance of getting the lowest cost for term life insurance products. Download and use Term Life Insurance App for maximum benefit.
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Generali Insurance App - Get Claims For MTPL or Casco Insurance

 Insurance, Insurance App     No comments   

Download Generali Insurance App and get  to register your household or vehicle claim for MTPL or Casco Insurance in a fast and convenient manner. The Generali Insurance App is not limited to Generali Insurance customers but others who are insured in any other insurance companies which have in one way or the other been affected by customers of Generali Insurance Company.
These people can register claim to MTPL insurance by following a simple step to easily register and get claims in REAL TIME.
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Clues To Getting An Affordable Health Insurance

 Health insurance, Insurance     No comments   

Are you considering buying a Health Insurance and you don't have enough in your account? Are you looking for an affordable Health Insurance that best suits you? Here are some tips to getting one:
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Hardship Exemptions: Things You Need To Know

 Hardship Exemption, Insurance     No comments   

Hardships are financial situations and other circumstances that keep you from getting health insurance. If you qualify for a hardship exemption, you don’t have to pay a fee for the months you were uncovered.
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Affordable Health Insurance College Students Should Consider

 Health insurance, Insurance     No comments   

College years can be a stressful time for any student, but paying massive healthcare bills is one worry students shouldn’t have on their mind. With the Affordable Care Act, students have more options than ever when it comes to finding affordable insurance.
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Book: Insurance Tips - Get Free Insurance Tips With Insurance Tips App

 Insurance, Insurance App, Insurance Books     No comments   

Insurance Tips App is an Android app available for free download, you want to get real in Insurance? Download Insurance Tips app and get free but useful tips. This insurance app provides you with useful insurance free tips to remember whenever you wish to start or renew your insurance policy. It could be motor insurance policy, cheap car insurance,  insurance car, motorcycle insurance, travel insurance, health insurance, pet insurance or general insurance policy.
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Best Life Insurance For You

 Insurance, Life Insurance     No comments   

Most people don't know why they need life insurance, when they should buy it or what type of policy would be best to meet their needs. We'll describe what type of life insurance will probably be most sensible for you at major milestones in your life.
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Mistakes To Avoid When Purchasing Health Insurance

 Health insurance, Insurance, Mistakes to avoid     No comments   

Health Insurance is one of the most important purchase decisions a person can make. It protects you and your loved ones against life's unexpected turns. With the right health insurance, it's possible to save money and save lives. 

Mistakes To Avoid When Purchasing Health Insurance

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Countries With Lowest Interest Rates For Loans And Mortgages

 Finance, Loans, Mortgage     No comments   

Interest on a loan determines how much your monthly payment will be, it also determines how much it will cost for you to borrow money for a big purchase like a home (mortgage), a car, a boat, or any other large purchase.
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Download Insurance Dictionary App

 Insurance, Insurance App, Insurance Dictionary     No comments   

This is yet another Insurance dictionary app that you should give a try at. It works as a great pocket resource for Insurance terms and definitions. Improve your Insurance diction with this amazing app.
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How To Purchase Health Insurance

 Insurance, Purchasing A Health Insurance     No comments   

If you’ve always been covered under your parents’ plan, a spouse’s plan or through your employer, and you are shopping for Health Insurance, then its going to be difficult to know where to start. Questions running through your mind will be: How do I get good coverage at an affordable price? What pitfalls do I need to look out for? It’s a complicated subject, but we’ll give you a helping hand to get you started. This article furnishes you with the steps you should take to shop for health
 insurance if you’re in the market for an individual or family plan and if you’re under age 65.

How to Purchase A Health Insurance

These steps can help guide you to the best coverage for you (and your family, if you are looking for them, too) at a price you can bear.



1. Check out the insurance plans your existing providers accept.
Do you already have a primary care physician or specialists whom you like and want to retain? If so, start your search for health insurance by calling those offices and asking them which plans they prefer, which other plans they accept and if there is any intention of changing what insurance they accept in the near future. Calling your providers directly is not only easier than contacting insurance companies to ask if your providers are in network; it also means getting the most current information and the scoop on any upcoming changes. You don’t want to choose a plan from a particular insurance company because your doctor appears to be in the network, only to learn that the insurer’s list of in-network providers is outdated and incorrect – or your doctor is leaving the network next year.
It’s very possible that not all of your current providers accept the same insurance. If that is the case, you’ll have to make some tough decisions about which providers you want to keep seeing at in-network rates, which you might be willing to replace with different providers in your new insurance network and which ones you can afford to pay for at out-of-network rates. If you find yourself in this situation, ask your current providers about their cash and out-of-network rates to see what costs you might face if you have to choose an insurer that only has some of your providers in its network. You’ll also want to make sure any prescription drugs you take on a regular basis are covered by the plans you’re considering, especially if the medications are expensive or don’t have generic substitutes.

How To Purchase A Health Insurance



2. Check out your options on the exchange.
If you’re not getting health insurance through an employer, there are two markets from which you can purchase it: the government market and the private market. You should consider both to see where you’ll get the best coverage for your budget.
 
To see what your options are on the exchange, go to HealthCare.gov and enter your zip code. From there, you can click to be taken to the official website of your state’s health insurance exchange, if your state has one (click here to find out), or to the federally facilitated marketplace at HealthCare.gov, if your state doesn’t have its own exchange. You’ll need the information listed in this checklist to apply for an exchange-based plan. One of the advantages of choosing a plan through the exchange is, if your household income is low enough, you may qualify to receive a subsidy to help pay your insurance premiums.


Normally, you can only enroll in an exchange plan during open enrollment. However, you can use the exchange outside of the open enrollment period if you have a qualifying life event, such as: You get married or have a child; you lose your existing coverage because of a layoff, divorce or other qualifying reason; or you receive benefits from Medicaid or the Children’s Health Insurance Program.
If you need to buy insurance in, say, June, and you don’t meet one of the special criteria, you’ll have to go to the private health insurance market and purchase a short-term plan. This plan won’t count as the required insurance you need to avoid tax penalties, but it will protect you against high healthcare costs until the next open enrollment period, since private insurance uses the same open enrollment period as marketplace insurance.


3. Compare your choices in the private market.
Unlike in the past, insurers offering Affordable Care Act-compliant plans can’t charge you higher premiums or refuse to cover you if you have a pre-existing condition so don’t assume that an off-marketplace plan will provide less coverage or cost more. To see what your options are, you can go directly to health insurance company websites or use comparison shopping sites. You will typically need to provide information such as your gender, date of birth, smoker status, household income, household size and zip code. If you have a spouse or children, you’ll likely have to provide their information as well. The sites will then show you a list of plan choices and some of the most important details about each plan, such as the monthly premium cost, primary care co-pay, deductible, out-of-pocket maximum and covered prescription drugs. These sites may show you both marketplace and off-marketplace plans; keep in mind that you MUST buy a marketplace plan through the marketplace to be eligible for a subsidy.



4. Consider using an insurance broker.
If you didn’t find a clearly good option shopping on your own in the public and private health insurance markets, if you’re so overwrought you don’t even want to try or if you just don’t have a lot of time, consider getting expert help. Using a health insurance broker won’t cost you a penny, and the broker will do all the hard work of finding the best plan for your situation. Unlike a captive insurance agent, a broker is independent, meaning he or she can offer you plans from many different companies. An insurance broker gets paid by commission from the insurance company whose plan you buy, and the plan will not cost you any more if you buy it through a broker than if you buy it on your own.


Don’t confuse a licensed agent or broker with an exchange navigator; the latter cannot recommend a plan based on your needs, has not gone through a criminal background check and may have less expertise. That being said, a navigator can still be informative about your options on the ACA exchange, and you might feel that one is more impartial since he or she doesn’t receive any commission based on which plan you choose.


Conclusion

You need to have health insurance coverage to avoid tax penalties, which for 2015 was 2% of your annual household income above the tax return filing threshold, with a maximum of the national average cost of bronze plan premiums, or $325 per adult and $162.50 per child under 18 – whichever is higher. More important, you want to have coverage so you can afford to visit a doctor when the need arises.
Having insurance and seeing a doctor regularly will help you prevent illness and catch and treat health concerns early, when they’re easier to deal with physically, emotionally and financially. Don’t let a lack of health insurance lead you to a health crisis or medical bankruptcy. Also, make sure to check your coverage options annually at open enrollment time to see if a less expensive or better value plan is available.
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Co-Insurance Versus Co-Pay: Understanding the differences

 Co-Insurance Vs Co-Pay, Insurance     No comments   

When considering co-insurance and co-pay healthcare policies, understanding the difference could save you a lot on medical and dental expenses. So, what exactly do the terms mean? How do they affect your selection of a plan? 
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What To Do When Buying A Car Insurance

 Car Insurance, Insurance, Things to do     No comments   

Car insurance is one of the necessary evils of modern life. If you pay a substantial amount of money each month to the insurance company, and you have not had an accident or made a claim in years, then the insurance premiums you've been forking over all these years will finally pay off when you do suddenly find yourself involved in a collision.
The coming of the Internet has raised the bar in the level of competition between insurance companies. This is because you can now sit at home in your bathrobe and compare rates and coverage between companies, they are under more pressure to offer competitive deals. So why not leverage the Internet's potential to help you save time, save money, and find the best auto insurance coverage?
But first, let's be clear about the fact that auto insurance is required by law in most states―i.e.,it's not optional. If you drive a car, you must have auto insurance. So you need to find out what the law requires in your jurisdiction when it comes to how much auto insurance coverage you need to maintain. Print out your state's requirements, and save that information for the next step.

See Also:
  Download JAMB CBT Past Questions And Answers App for Android
 Download WAEC CBT Past Questions And Answers App for Android

What Can Influence Your Rates

Because insurance prices are all based on statistics, the prices each of us pays differs wildly. Things like the driver's age, years of driving experience, what neighborhood the car is usually parked in overnight, the make and model of the car, what kind of safety features the car has, and whether or not you have antitheft devices installed―all of these variables will factor into the price you'll pay for the particular level of coverage you choose.
Before you get too far into shopping for insurance, you might want to order a copy of your driving record. In much the same way that your credit rating determines what kind of interest rate you'll get when you are applying for financing, your driving record will influence your insurance rate.
When you get your driving record, take a look at it to make sure that it is current and accurate. You would not want an error on your driving record to keep you from getting the best rate possible.

What Coverage Do You Need?

Your state sets forth the minimum liability coverage you must maintain, as mentioned above but these are just the legal minimums and might not give you the coverage you need. You'll have to decide what you want to buy beyond these minimums. Keep in mind that you are looking to find the balance between having adequate coverage and overpaying.
According to Consumer Reports, a general guideline for adequate bodily injury liability limits is $100,000 per person and $300,000 per accident, plus $100,000 for property damage. These amounts are what your insurer will pay to someone you are in an accident with. For uninsured motorist coverage, you should get the same amount as for bodily injury liability, as this covers your medical costs when someone who is not insured hits you.

Other Types of Coverage

You can always complement your policy with specific protections (for a higher premium, of course). For example, many motorists get comprehensive and collision coverage. Comprehensive pays out when your car is damaged or lost due to causes other than an accident, such as vandalism, theft, or weather. Collision coverage will pay to repair your own car if you hit something.
These options typically come with your choice of deductible, usually $250 to $1,000. This is the amount you pay out of pocket before your insurance kicks in; the higher the deductible, the lower the premium you'll pay for this type of coverage.
Additional options include rental reimbursement coverage, which pays for a rental car while your car is in the shop being repaired. Roadside assistance coverage will pay to have your vehicle towed. Keep in mind that if you already have an auto club membership, you do not need this additional coverage.

Get the Best Rate

The National Association of Insurance Commissioners (NAIC) recommends that you ask your potential insurer about the following discounts:
  • Good driving record: Many auto insurers offer discounts to drivers who have not made a claim, haven't been in an accident, or haven't received a traffic ticket in three years.
  • Good grades: Young drivers can get discounts for maintaining a B average or better in school.
  • Driver's education: Some insurance companies offer a discount for drivers who complete a driver's education or driver's safety course.
  • Multiple policies: Some insurance companies offer discounts if you have two or more policies with them.
  • Safety equipment: Equipment such as antilock brakes and antitheft devices can get you a discount.
  • Longtime policy holder: If you have kept your policy with an insurer for several years, ask about a discounted premium.
  • Higher deductibles: A higher deductible usually means lower premiums.

Gather Quotes

Once you know what kind of coverage your state requires, you will need the following information in front of you in order to get an accurate quote for auto insurance:
  • The age and sex of the driver(s), the number of drivers in your household, and their driver's license numbers.
  • A description of your car: the make, model, year, and vehicle identification number (VIN).
  • The type of coverage and limits you want.
  • Where you park your car overnight.

Check References

Now that you have a few comparable quotes and you know which company offers the lowest price for the policy you want, you still need to check out the company itself to find out whether it's reliable.
You can check with your state's department of insurance, which should allow you to compare premiums for insurance companies in your state. You can also check on the financial stability of a company and look up the number of consumer complaints it has accumulated.

Review Your Policy

Before you sign, be sure to carefully review your new policy to make sure it includes all the coverage you want. Your policy will need to comply with your state's legal requirements as well as any additional requirements of the company that finances your auto loan.

Proof of Insurance

Most states that require you to have auto insurance also require that you always have proof of your insurance policy in your car or in your wallet at all times. If you are stopped by the police and you are not able to show proof of auto insurance coverage, you could incur serious fines.
Most insurers will issue a handy insurance ID card―one for each vehicle you have insured. Keep this card in your car's glove box along with the registration, and you'll never have to worry about forgetting it. You might even need to provide proof of insurance when you register your car; you can use the insurance ID card for this.

Read Also:
How to check JAMB Result 2017/2018
How to check WAEC Result 2017/2018
How to check NECO Result 2017/2018

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Term Life Insurance Versus Supplemental Insurance - What you should know

 Insurance, Supplemental Insurance, Term Life Insurance     No comments   

Term life insurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions. If the life insured dies during the term, the death benefit will be paid to the beneficiary. Term insurance is typically the least expensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis over a specific period of time.
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Download Updated SkyeMobile Banking App on iTunes And Android

 Bank, Banking Apps, Internet Banking, Skye Bank     No comments   

SkyeMobile banking app is your one-stop banking app for all form of banking transactions. You could either download the APK for Android or visit the Play store to get it downloaded to your Android powered devices. iTunes users could take a walk into the iTunes store to get this app downloaded on their devices be it iPhone or iPad. With SkyeMobile App, Banking just got easier.
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Insurance Questions & Answers App Now Available For Mobile Users

 Insurance, Insurance App     No comments   

Get an Insurance knowledge and get a good Insurance job in Insurance companies in your country. This is very possible with a constant practice of insurance questions and answers app. This insurance app is required for written insurance test as well as insurance interviews. This Insurance Questions and answers app is very helpful for insurance examination.
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Insurance Dictionary SMART App For Android And iOS

 Government Insurance, Health insurance, Insurance, Insurance App, Insurance Company, Insurance Policy     No comments   

Insurance Dictionary SMART App is now available on play store and iTunes for Android and iOS mobile users.  This Insurance Dictionary App is as important as insurance dictionary pdf and even more. It's contains over five thousand (5,000) Insurance and Mortgage terms and gives insurance meaning in simple words.
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Risk: What it Entails In Insurance

 Insurance, Risk in Insurance     No comments   

Insurance is a contract between an individual (the policyholder) and an insurance company. This contract provides that the insurance company will cover some portion of a policyholder’s loss as long as the policyholder meets certain conditions stipulated in the insurance contract. The policyholder pays a premium to obtain insurance coverage. 
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Insure Mobile App - Buy General Insurance With This Insurance App For Android And iOS Devices

 Insurance, Insurance App     No comments   

Hello,  just stumbled on this app, it's called Insure!! With Insure mobile app, you can do a lot of insurance stuffs ranging from buying of general insurance to the least thing like insurance policies.
Mobile phone insurance is growing at a faster rate and Insurance app on mobile phones is also growing at a faster rate to meet the growing number of those interested in Insurance.
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Whatsapp Login Web Starter Guide For iPhone, Windows, Android And Blackberry | Whatsapp Online - Whatsapp Sign Up

 Download whatsapp, Downloads, Free Download, sign up whatsApp, WhatsApp, Whatsapp Login, Whatsapp Online, Whatsapp Online Login, www.whatsapp.com     31 comments   

Download Whatsapp Messenger from www.whatsapp.com and also sign up whatsApp, Sign in or login Whatsapp online by completing the online Whatsapp registration.
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Fidelity, Zenith And 8 Other Banks Earn N1.27trn Interest On Loans In Year 2016

 Banks, Finance, Loans     No comments   

10 commercial banks in Nigeria were lucky in 2016 to gain a N1.2 trillion interest on loans. Our financial news source has it that Fidelity bank,  Zenith Bank, United bank for Africa and other commercial banks were lucky to make a whooping sum of 1.2 trillion Naira last year on loan interest rate.
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Secret WhatsApp features that WhatsApp User should know

 WhatsApp, WhatsApp Features     No comments   

WhatsApp now officially has over a billion users worldwide according to stats. While using WhatsApp daily, you might be unaware of these cool tricks and secret features the WhatsApp application. Telegraph has revealed these cool secrets that every user should try out on the WhatsApp app.
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WhatsApp Will Soon Allow Users Unsend Embarrassing Messages

 WhatsApp, WhatsApp Features     No comments   

Yes, you heard me right, the new WhatsApp feature will soon allow WhatsApp users to unsend embarrassing messages. This WhatsApp delete sent messages will really help users who are victims of auto-correct.
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10 Website Alternatives To "FzMovies Net" to Download Free Movies On Android Phones

 FZmovies Alternatives, Fzmovies for Mobile HD, Fzmovies Net 2017     No comments   

Most of us are not just buying big phone with larger screen just because we love carrying loads. We buy phones with bigger and wider screens so we can watch cool videos with it. But the problem is Where do we get to Watch and download free videos?
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How to find everyone who has ignored your Facebook friend request

 Facebook, Facebook Account, Facebook Tips and Tricks, fb, www.facebook.com     No comments   

Sometimes people tend to be very curious and wish they did know who have been ignoring their Facebook friend request. Hence, the reason for writing this post.
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2017 Top Ranking Pharmaceutical Companies In Nigeria

 Drugs, Health, Pharmacy     No comments   

Pharmaceutical companies in any nation is charged with the responsibility of the development, production, and marketing of pharmaceuticals products and drugs that are used for human medications. Pharmaceutical companies are there to serve human life by making sure that drugs are produced to tackle a particular health problem.
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Hotels in Lagos That Cater To Your Special Needs

 Hotels, Hotels in Lagos     No comments   

Are you a business man in need of a place to stay when you are traveling for business related conferences or meetings or are you a free-spirited person who loves to travel? Well, this post is for you.
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How You Can Recover Deleted Text Messages On Your Android Phone

 Android, Text Messages     No comments   

Have you lost messages? Do you want to recover them? If yes, here are some tips for you.

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MTN Blackberry Plans

 Activation Codes, Blackberry, MTN, MTN Blackberry, Subscription Codes     2 comments   

Blackberry data plans, price and activation codes on MTN. 
 
Below are the MTN subscription codes for Blackberry devices that you will love to opt in for. Some of the codes listed below are MTN Blackberry unlimited subscription plans that can either be used for monthly, weekly or daily purposes. 
On the other hands, lots of new Blackberry devices are now running on the Blackberry 10 OS, so you might want to get the MTN Blackberry 10 subscription codes for your portable device. This list of MTN BIS has it all.
 
 

MTN Blackberry Unlimited subscription

If you are still in 2009, keep searching for MTN Blackberry subscription cheat, I wish you good luck on that. Back to 2017, we no longer deal with MTN proxy cheats rather we let MTN cheat themselves on our behalf. This MTN BIS activation codes that I'm about to share with you is a lot option than any fake cheat other blogs will offer you. Besides, you already how it all turns out... MTN cheats doesn't last long but I assure you peace of mind with these....


MTN Blackberry Plans

Note that these list contains MTN data plan for blackberry bold 5 and any Blackberry devices at all. Infact even if you are using Blackberry Curve 0, you are good to go!!
 
 

MTN Blackberry Plans | MTN BIS Subscription And Activation Codes

I have carefully taken a snapshot of all the valuable MTN BIS plan for your sake, all you have to do is use the given MTN BB data plans and activation codes below to activate your BB device right away and say "thanks" by sharing this post link with your friends on Facebook to encourage me to write more!!1

MTN Data Plan for Blackberry




Hints: Kindly ensure to turn off your data when not in use to save your Blackberry subscription from running out.
 


MTN Blackberry Social Plan

MTN BIS plan


MTN Blackberry Complete Plan

MTN BIS subscription




MTN Blackberry Absolute Plan

MTN Blackberry subscription



How to get Blackberry Phone Settings

    • Select Settings
    • Select Network and Connections
    • Select Mobile Networks
    • Drop down and select 2G



Hint: Check your Blackberry Service expiry date of your BlackBerryService by texting "STATUS" to "21600" 

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Let me know if you have any problem activating your MTN blackberry Plans.

Hint:  Note that you could the following:
  • You can activate another MTN BB plans before the current one expires
  • You can always Dial *216# to activate MTN Blackberry service anytime.
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How You Can Play YouTube Videos In The Background Of Your Phone

 How To, YouTube     No comments   

Do you love catching up on your favourite shows via YouTube? Do you love watching movies on YouTube but find it difficult to multitask on your phone?

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Kik Registration - Create Kik Account www.kik.com

 how to create kik account, kik new account, kik registration error, kik registration error iphone, kik registration error windows phone, kik registration online, kik sign up     1 comment   

Kik Registration – Create Kik Account www.kik.com – Kik Messenger is one of the best chat applications for smartphones and if you have never used the application, then you should give it a try right this instant.
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Download B612 Free Photography App for Blackberry - Download APK

 Blackberry, Blackberry Apps, Download, Downloads, Free Download     No comments   

B612 Free Photography App for Blackberry is an Android app which is designed for all lovers of selfies but it is now available for Blackberry users through APK. 
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Airtel BlackBerry (BIS) Plans, Prices & Subscription Codes

 Airtel Blackberry, AIrtel Bundles, BIS, Subscription Codes     No comments   

Airtel now offers BlackBerry Internet Service (BIS) and BlackBerry Complete plans for data services on BlackBerry devices. BIS offers full internet and data access on your BlackBerry devices, while BlackBerry Complete is more or less like stripped-down version of BIS, but will still offer your desired internet access for an average Blackberry user. Below is the Airtel BlackBerry Plans with prices and activation codes that will help out.
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MTN Project Fame 2017 Registration - See When MTN Project fame 2017 Will Start?

 MTN, MTN Project Fame, Project Fame     No comments   

Hello dear, are you searching for the MTN Project fame website for the 2017 project fame registration? If that's the case, relax and chill because the the MTN Project fame season 10 audition form is not yet out. But if you wish to get a first class information on MTN project fame 2017 registration and date, we will be glad to alert you on the date as to when the form will be officially out.
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Download 2go Messenger Version 7.5 at www.2go.im or www.2go.co.za not www.2go.com

 2go, 2go Chat, 2go Downloads, 2go free download, 2go Messenger, 2go Nigeria, 2go Sign up, download 2go, Free Download, i want to download 2go on my phone, www.2go.co.za     87 comments   

Greetings from the bottom of my heart as I share with on the subject matter which I title "Download 2go Messenger Version 7.2 at www.2go.im not www.2go.com".
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Rediffmail Account Sign in - Rediffmail Login Via www.rediffmail.com

 Account Login, RediffMail     2 comments   

Rediffmail Login | Rediffmail Account Signin @ www.rediffmail.com: I must appreciate the rate at which technology has evolved so quickly. Today, we have so many means by which we can communicate with friends and family and business associates. These range from social media to webmail services. One of the best Web mail services is the one we are about to talk about which is "Rediffmail.com."

 
You may also want to download app on your Phone.

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Rediffmail Account | Rediffmail Sign Up | Rediffmail Inbox | Rediff Mail Com

 Account Sign Up, Create Account, RediffMail     1 comment   

Rediffmail Account | Rediffmail Sign Up | Rediffmail Inbox | Rediff Mail Com: I am so appreciative of the rate at which technology has evolved so quickly. Today, we have so many means by which we can stay in contact with friends, family and business associates. One of the best Web mail services of the 21st century is "Rediffmail.com."



  You may also want to 2go download on your Phone.
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