Four forward-thinking ways to lower life insurance

In a time of tight purse-strings, each and every one of us is looking to lower our monthly outgoings. Life insurance should be no exception: the value of being covered by a policy should be more evident now than ever, but that doesn’t mean you should be sacrificing quality when cutting costs. These four forward-thinking ways will help send you on the path to getting affordable life insurance, leaving more money in your pocket.
Tip #1: Go commission free Commission is how insurance companies cash in on your policy, and this often hidden cost essentially inflates the price of a product. Why not burst their bubble and start getting more for less? Buying through a broker offering commission free life insurance is an easy way to save over the long term. While you’re normally asked to pay a small, initial fee, this will be a one-off, and will work out cheaper compared to a commission-based premium. This way, you’ll have the satisfaction of knowing that your money is getting you the best quality cover available.

Tip #2: Be a cynical shopper While a new cuddly toy may be just the thing you’re looking for, free fountain pens and reduced gym memberships are superficial rewards designed to catch your eye. Although you’ll enjoy these perks initially, chances are you’ll be paying for these in the long run in some way or another, usually in the form of higher premiums. I’m certainly not telling you to say no to a free lunch, but don’t be drawn in by these offers unwittingly. Be insurance-deal detectives and do your research: some companies may be offering the same cover for a cheaper price in the long run, although minus the meerkat.

Tip #3: Set the right term Mapping out your long term financial plans is part and parcel of the search for an insurance policy to suit you. Why take out cover for a 30-year period when you know that in 25 years’ time your outgoings will be greatly reduced? Generally speaking, most people take out life insurance to last until they’ve paid off the mortgage, or until the children leave home. The financial stability following such milestones means that insurance cover may not be such a necessity. Therefore, working out just how long you need to be covered for can be an easy way to ensure unnecessary spending.

Tip #4: Stay on the ball Lifestyle choices affect how insurance companies view you and your risk factor, and so changes for the better could save you a few quid. You may finally give up smoking, lose weight, or even pack in sky-diving; either way, it’s most definitely worth letting your insurer know. They’ll expect you to provide evidence of your changes, so make sure you’re able to do so, but asking for a reconsideration could be a really easy way of curbing costs.

If you’re interested in saving some money, visit Best Price FS, an online commission-free broker specialising in affordable life insurance.

Best Price Financial Services a new, online, direct-to-consumer (non-advised) financial services provider which is focused on providing uncomplicated, value-priced life insurance, income protection and investment products. This article primarily targets ways in which the public can assess their requirements, reduce the prices and select the most appropriate insurance or financial product for their needs and budget. More information about life insurance can be found on the website.

Why Do I Need Commercial Truck Driving Insurance?

Everything that has a motor has to be insured. Commercial trucks are no different. But what kind of commercial truck insurance is best for you and why is it important?
Commercial truck driving is a lucrative business. One can work for a major company or be an independent contractor and work for hire. Commercial truck drivers can work alone or in groups, as well. There are several types of commercial truck insurance plans for drivers. The most important motor coverage is primary liability, which can cover a driver across state lines. Primary liability is required for all drivers. Tractor-trailers need, at most, $750,000 in coverage to operate. In the case of an accident, this type of coverage is used to cover property damages and bodily harm. An individual’s driving record, desired coverage, and the type of business operation can determine premiums.

Motor truck cargo insurance is another type of safeguard specifically for for-hire truck drivers. It is meant for liability in case your cargo is lost or damaged because of fire, collision, or load striking. It also covers debris removal and pollutant extractions from the road and water. When you buy a policy, you set a limit. It is not legally required, but the company you work for may request that you get it. Types of vehicles covered by this safeguard include dump trucks, box trucks, cement mixers, cargo vans, and car haulers. It does not cover garbage trucks, limousines, hearses, buses, passenger vans, or ice cream trucks. Vehicles that carry pharmaceutical-related items, live animals, and art items are also not covered.

Insurance can be bought either individually or through an employer. It can be issued to you the same day. It may also take up to one week, depending on the case log and information needed to proceed. Not having insurance for a moving vehicle can have negative consequences for the driver, from suspended licenses to jail time.

Payments are also accepted in many forms, especially check, credit card, and money order. Some can be paid over the telephone, online, or by mail. Check with your insurance carrier on what payment types are accepted, how they are accepted, and if there is a charge for paying commercial truck insurance by telephone or online, as some may charge a nominal fee.

Whoever you get your coverage from, make sure they are reputable. Ask around with other truck companies, check out other customers’ reviews, the Better Business Bureau, and state agencies. Choose a company that has grown over the years and is willing to grow with you and walk you through the process. More importantly, choose a company that, preferably, specializes in truck and fleet insurance. That can make a difference for claim purposes!

Life Insurance Mistakes To Avoid

Whether you are 32 or 92, you want to give your family protection and security in case something might happen to you. One of the best ways to achieve this is through the use of life insurance. Generally speaking, this type of security blanket is a great way to cover burial and funeral expenses as well as your families living expenses. Unfortunately, many people do not know how much money their loved ones will need in the event that something happens to them. Others are simply uneducated as to what their policies will actually pay out to their families. Let’s take a look at some of the most common mistakes in this important area of planning and how you can avoid them.
One of the biggest mistakes people make when buying life insurance is buying too little to replace their income. The small policy that most employers provide, which generally covers one year of salary is nowhere near the amount that your family needs in the event of your passing. As a general rule, it is recommended that you get a policy that is worth ten to twelve times your yearly salary. This is especially important if you provide the main source of income for your family. In that case your spouse and loved ones need to be taken care of for a significant period of time. You want to provide enough coverage for them to live comfortably and maintain their current lifestyles until they can figure out the next steps in their lives.

Another big mistake in this area is simply waiting too long to purchase a plan. If you continue to wait until you think you are the age that you need coverage, then you are leaving your family extremely vulnerable in the event that something might happen to you. Not only that, but premiums generally increase as you get older because the older we get, the more prone we become to health-related issues. Waiting to purchase coverage might actually be costing you money. Some people who have waited to get coverage find that they are no longer insurable when they finally decide to try to obtain protection for their families.

Let’s say that you have purchased your life insurance, and you made sure that you have enough coverage that your family can live comfortably if something happened to you. You should be all set, then, right? Well, not exactly. Another factor to consider is the term of your policy. Many people try to save money by purchasing plans that last for only a short period of time. If, for example, you purchase a plan that is good for ten years, then twelve years down the road something happens to your health, you and your family have a major bind. If you are able to obtain any coverage at all, it will definitely cost you significantly more than what you could have paid for a longer term. It is generally recommended that you buy for a term that will cover your family up to the point that your kids would be leaving for college. If you have a newborn and are not expecting to have any more children, a safe term for your policy would be twenty years.

Couriers Who Care: How Eagle is Saving the Eagles

Courier work can be challenging, with long hours spent on the road transporting goods back and forth. Sometimes, though, a job comes along with a bit of a twist – an interesting story, something outside the ordinary.
Bathgate-based Eagle Couriers, Scotland’s leading courier firm, are working on one such job right now. They’re used to moving goods for consumers and businesses, but over the past year or so they’ve taken on some very unusual cargo: deceased birds of prey. Read on for more on how one business delivered over 40 specimens in the past year.

The Project

Let’s get the obvious question out of the way first. Who would need so many dead birds of prey? In fact, who would need any? The answer lies in the University of Edinburgh’s Royal School of Veterinary Studies, where graduate students and faculty have created a major spike in demand for samples.

In a nutshell, PhD candidate Gabriela Peniche tests the birds to determine their cause of death. She then looks closer at this information to learn about the toxins in the surrounding environment. In this way, Eagle Courier’s work goes beyond the birds to actually help out the entire ecosystem.

The Job

University researchers can do a lot, but they’d probably struggle to gather their own samples – especially when the project involves analysing birds from all over Scotland. That’s where Eagle Couriers come in, making use of a top-level delivery network to gather specimens from as far out as the Western Isles and Orkney.

But not all dead birds of prey discovered get sent to the team. Any found in ‘suspicious circumstances’ must be given to the police or the RSPCA to begin an investigation into any foul play. Once the investigation has closed, the sample can then be taken by an Eagle driver to the university.

Responses and Reactions

It’s a little out of the ordinary for courier work, but Eagle was happy to take up the job. In fact, co-director Fiona Deas described working with the university as a ‘privilege’. Eagle is, she says, ‘passionate about conservation’, and sees its cooperation with the project as part of its broader environmental efforts.

As for what it’s like to move wild animals, including peregrine falcons and golden eagles, Deas keeps it simple: ‘We’ve seen it all,’ she said.

Peniche also took time out of her PhD programme to single out her drivers for praise. ‘These sorts of deliveries obviously pose issues,’ she noted, but went on to add that Eagle Couriers had drivers all over the country and have been able to make the project run very smoothly.

It’s always a good thing to get complimented on your courier work, and the fact that both sides seem so happy about their collaboration on this project speaks to their healthy working relationship. What’s more, as Peniche notes, the company name fits perfectly! ‘The cherry on the cake really is the novelty of being able to say my eagles are brought in by Eagle Couriers.’

Author Plate

Norman Dulwich is a correspondent for Courier Exchange, the world’s largest neutral trading hub for same day courier work in the express freight exchange industry. Over 5,400 member companies are networked together through the Exchange to fill empty capacity, get new clients and form long-lasting business relationships.