Posted by Theresa Anne on November 11, 2011
Regent Insurance offers a wide range of products for the South African market. As one of the fastest growing insurers, and covering a niche market, and as part of the Imperial Group, Regent Insurance is fast becoming one of the top insurers in South Africa.
Regent Insurance offers commercial and Business cover, group cover , personal cover, and covers everything ranging from marine, aviation, funeral cover, corporate travel, goods in transit to mention only a few of the numerous products offered by this up-and-coming insurance house.
To cater to the niche markets, new and innovative products and options are being developed all the time for the dynamic markets that are being serviced.
As one of the top Aviation Insurers in South Africa, and leader in this industry, Regent Insurance Company is able offer a personal and all the needs that is required for an assortment of aircraft.
Regent Insurance is also able to cover marine needs that will cover cargo insurance that will protect any goods that move from one point to another. When recovering the loss from carriers is often a drawn-out process, but Regent Insurance is able to offer a service which is not only efficient, but one that is quick to pay for the full value of the goods in transit.
Posted by Gillie on November 2, 2011
DISABILITY INSURANCE
Clearly – as the breadwinner in a family – if you were to suffer from disability or impairment you would need to
cover your financial requirements. Disability insurance protects this most valuable asset and if it is curtailed this enables you to remain financially independent of others and take care of your family. The difference between impairment and disability is – impairment implies a physical or functional disorder such as the loss of a limb or the eyesight. Disability, on the other hand implies an inability to earn an income.
The newest disability insurances often include both disability and impairment cover. You would receive a
percentage of the insured amount if you were impaired. There are three forms of disability insurance cover,
namely Own Occupation Disability – unable to perform your current occupation, Occupational Disability unable
to perform your nominated occupation, for example a heart surgeon who lost a hand would no longer be ale to
operate. Total Disability – means you are unable to work at all.
If you become disabled and wanted a % of your current income replaced, you should be clear when applying for cover and should exclude passive earnings such as interest and rental income. With a capital or lump-sum
benefit, an insured would be paid out a lump sum if permanently disabled or unable to earn an income. This
benefit should be used to settle debt and help with lifestyle adjustments as a result of your disability i.e. settle the bond or make modifications to your home or vehicle to assist you.
As an income earner it makes sense for you to have some form of disability cover. Your ability to earn an
income is your most valuable asset and loss of this will have a dramatic effect on all of the other assets collected over your working life. How much disability insurance you need is dependent on your personal requirements and current financial affairs.
Posted by terry on July 17, 2011
Normal
0
false
false
false
EN-US
X-NONE
X-NONE
MicrosoftInternetExplorer4
/* Style Definitions */
table.MsoNormalTable
{mso-style-name:”Table Normal”;
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-priority:99;
mso-style-qformat:yes;
mso-style-parent:”";
mso-padding-alt:0cm 5.4pt 0cm 5.4pt;
mso-para-margin:0cm;
mso-para-margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:11.0pt;
font-family:”Calibri”,”sans-serif”;
mso-ascii-font-family:Calibri;
mso-ascii-theme-font:minor-latin;
mso-fareast-font-family:”Times New Roman”;
mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;
mso-hansi-theme-font:minor-latin;
mso-bidi-font-family:”Times New Roman”;
mso-bidi-theme-font:minor-bidi;}
Don’t be fooled – life insurance and disability insurance is important for those that are left behind when the breadwinner dies or is unable to take care of his or her family when no longer here, or incapable of doing so.
With so much out there it is pretty difficult to decide which policy to settle on, though..This sounds really confusing; where do you begin? It is not a good idea and no point throwing your hands up in the air in desperation, because there is no time quite like the present to start insuring for your demise or disability.
Should you become ill and are no longer able to earn or are disabled or die and your family is not able to service the bills or continue to live in the same way they have become accustomed to, then life becomes a little unbearable for those that are left behind or have to suffer the consequences of your ineptness.
Falling behind in servicing your policies that you have been paying towards for many years because of a disability or ill health is also not a good option.Rather ensure that you are prepared at all times for all eventualities.
Life and disability insurers will come to the rescue and come to the party when you find yourself in a tight spot, ensuring that your particular needs are met, with a policy that will be tailor-made for your individual needs.
Call us today to find out how to make the most of your money and how best to insure your life should you become ill or disabled.
Posted by terry on July 12, 2011
Take out insurance to cover your life and also for unexpected circumstances, such as being disabled and not being able to work any longer.
If you have loved ones to take care of, you never want to put them in a situation where you lose your home and where your children have no future by attending a tertiary institution such as college and university to further their education.
If you are covered by your employers in the workplace, but there is a large gap between what you are compensated for and what you are used to living off, then this is even more reason to get real and to get practical, and cover the shortfall with a sturdy insurance policy should the unexpected happen to you and your family and loved ones.
Most life insurance policies have an option where you can take out a policy that will cover your death as well as a disability fund that will cover should you become disabled.
Perhaps these are not pretty thought, but they are the reality, and if you do love your family as much as you say you do, then do the right thing by making sure that their breadwinner is covered for all eventualities.
To find out how to cover for disability or any other eventuality, simply contact us today to find out more.
Posted by admin on June 7, 2011
Once the cycle is broken and the debt dealt with, only buy what you can afford. If you can’t afford it now, either compromise and buy the cheaper version, or else save until you can afford the expensive model.
The key is to think long-term. Even if you’re only in your twenties now, you are going to need savings at some point. Soon you’ll want to buy your own home, or start a family, and these things are expensive. Or you may lose your job and be strapped for cash until you find another one. And though it may seem far off now, you need to provide for your retirement. The earlier you do this, the better. You never know when an unexpected expense is going to hit you so you need to be prepared. Force yourself to save by setting aside fixed monthly amounts. Once you have amassed enough savings, you can begin to invest your money. You work hard for your money, now make it work hard for you.
It’s all about a change of outlook. Stop living from day to day, buying things on a whim and consigning the payment to the never-never. Get out from under the debt while you can. Understand that “Flexible expense management” is a clever con; that “flexibility” will cost you dearly. Stand firm against the temptation of credit and save yourself the disaster of debt.
Posted by Em on May 30, 2011
What To Look For in a Disability Claims Consultant
10 things you should look for in a disability claims consultant:
1. They should have significant knowledge and history of disability insurance.
2. Successful experience with a large number of disability insurance claims.
3. Helps you develop an overall claim strategy to properly and accurately position your claim with insurance carriers and is able to explain insurance terminology.
4. Tells you what you need to know.
5. Helps you understand the entire claim process.
6. Past experience as a disability consultant, insurance agent, company representative and expert witness.
7. As an expert witness has an impressive background and CV.
8. Has a long-standing history of significant service to his industry and has been recognized by that industry as a source of knowledge and expertise.
9. Is well known within the insurance and financial planning industries.
10. Conveys knowledge, honesty, confidentiality and trust.
These things are important when looking for a disability insurance claims consultant.
Posted by Em on
Disability Claims
There are different variables that are considered when claiming from a disability insurance plan. Not all these variables are important to insurance plans and they do differ from plan to plan.
The variables are:
· Was the disability unpredictable?
· Was the disability incurred in the course of performing job-related duties?
· How long is the waiting period before claim payments start?
· What other insurance policies will pay claims for this event?
· How much money will be paid per week/month/pay period?
· For how many weeks/months/pay periods will payments continue?
· What if the beneficiary is not totally disabled, but only partially?
These are questions that are generally asked and are relevant to disability insurance claims.
Posted by Em on
Disability Benefits
If you become disabled and find that you can’t work anymore there are many disability insurances that have benefits. These benefits can help you with paying the bills or getting back to work.
You should know your benefits before you need them so that you can understand them.
Lots of employers also offer disability insurance, this is to attract and hopefully retain employees. It is ideal to look into what your employer offers and if it is short term or long-term disability cover.
Your disability benefit can also pay out money to you and your family so that they can carry on living the life that they have been leading. This money can be used to cover household expenses.
Have a look at your disability insurance plan and know what benefits you are entitled to if you do become disabled.
Posted by Em on May 26, 2011
Two Types of Disability Insurance
Disability insurance comes in two types those being: short term and long term.
Short-term disability covers a portion of lost salary, i.e. it replaces it.
This is done in the case of a policy owner missing 6 months or less of work.
The cover usually begins after the sick leave has been exhausted and replaces close to 100% of the wages in the first payouts. If the policyholder remains unable to work, these payouts will drop to about 60%.
Every plan is different and the length of cover and payout is dependent on the type of plan that you have.
Long-term disability insurance can be seen as a must have now; this is because some diseases and injuries are now disabling rather then deadly. This is due to the advances in medical care. This then would mean that incapacitation could be longer.
Long-term disability insurance can replace between 50 and 70% of the salary. It is a good idea to increase the value of the plan as your compensation increases; this is because the ‘salary’ is set at the time of when the policy was purchased.
You must check your plan for any particulars that they may have concerning the increase.
Long term disability insurance vary in length, some policies will only payout for 5 or 10 years whereas others payout until you are 65.
You must check your policy and what it covers.
Posted by Em on
Do You Need Disability Insurance?
Disability insurance is a form of insurance that pays out if the policyholder is unable to earn an income because of a disability.
It replaces your income if you become physically unable to work.
If you rely on your income to pay the rent, buy food and other necessities, then you will need disability insurance. If an event happens that renders you unable to work, you need to be able to carry on living the way you have been.
Individual disability insurance is an insurance product that pays out between 45 and 60% of your gross income on a tax-free basis. This is paid out when a sickness or illness prevents you from earning a living and therefore an income.
Don’t purchase a cheap insurance, rather pay a little more and get a cover with the benefits that you may need.
