Why Do Women Pay Less Than Men?


Many years ago, there was an early version of James Bond called Bulldog Drummond. Like Bond, he was a Brit and he had true grit when fighting an international criminal and his moll. The movies were less successful but the books are truly memorable. One of the best is ?The Female of the Species?, the title being the unfinished version of ?. . .is more deadly than the male? ? a line from a poem by another Brit called Rudyard Kipling. When Drummond finally kills his arch enemy, the battle is resumed by his moll and she proves a deadly opponent. Indeed, throughout literature, the women who step on to the dark side always prove to be more complete villains than their male equivalents. It?s as if our horror of women doing bad stuff makes anyone good at it seem doubly frightening. Curiously, women drivers have always inspired a mixture of fear and derision. Men seem convinced women drivers are either uselessly timid or homicidal maniacs with little left between. Yet insurance companies who get to see all the traffic accident statistics across the US have a rather different opinion. The reality is women drivers are safer than men. They are involved in fewer accidents and, when an accident does occur, there are fewer people seriously injured and the vehicles are not as badly damaged. When it comes to setting premiums, you reward the people who drive more slowly and follow the rules of the road, and penalize the drivers who drive at reckless speeds and crash into anything that gets in the way.

There are several theories about differences between the sexes. Some say men have better spacial awareness. This allows them better control over moving objects at speed. Some say women do what they are told and so apply the speed limit and the laws on safety. Whatever the reason, three times more men than women are killed on the roads every year. Men aged under 25 are the most likely to die. They are the ones most likely to buy high-powered vehicles and want to show off. They are also likely to drive while under the influence of alcohol or drugs late at night when it is most dangerous. It?s a sad picture but insurance companies deal with the world as they find it. Premiums are high where the risk of claims is high. That means young male drivers pay the highest premiums of anyone on the road. Their only strategy is to prove they are the exception to the rule. They should buy low-powered family saloons and drive as little as possible. There must be no tickets for speeding or any other moving violation. There must be no claims. The men who prove they are as safe as the women earn the same lower premiums. As for the women, they will always get cheap car insurance premiums. The biggest savings comes from the insurance companies offering special women-only policies. It is worth shopping around to find the really cheap car insurance policies in the age range of 30 to 45. Assuming low mileage at conventional times of the day, the lowest rates will be offered to this group. Then as age increases, the premiums will edge slowly up again, reaching a maximum after the age of 75.

Leave a Comment

Private Medical Insurance ? What?s It All About?


Private medical insurance is a very useful policy to take out, yet the range of policies available means that you should ensure the terms and conditions meet your specific requirements

The origin of private medical insurance goes back a long way ? before the NHS was formed. In pre-NHS days, people contributed to ?friendly societies?, which provided financial assistance to people in times of need. Some private medical insurance providers, such as BUPA, remain non-profit-distributing bodies, though there are also many commercial insurance companies providing private medical insurance these days. One of the best-known names in private medical insurance cover is AXA PPP healthcare ( ) ? which was actually conceived in 1938 to provide a health insurance scheme for middle income earners in London.

The principal aim of private medical insurance is designed to cover treatment of ?acute illness? ? defined by Which? As ?conditions which can be cured or substantially alleviated by treatment.? Treatment of chronic illnesses, such as multiple sclerosis or arthritis, may not be covered by private medical; so critical illness insurance might be more suitable. Critical insurance cover will be based on your individual requirements ? so shop around for the right policy and always be completely open with your insurance provider, or you may invalidate a claim at a later date.

Other treatments generally excluded from private medical insurance include cosmetic surgery, treatment for alcohol or drug abuse and infertility treatment. The majority of standard policies exclude private consultations of a GP, routine check-ups and dental work ? unless it is undertaken in a hospital. However, always check your private medical insurance policy ? as some will be more comprehensive than others.

Private medical insurance can be an effective way of ensuring swift access to medical care for your family. Just remember that insurance policies reflect your exact circumstances ? so don?t assume that one size fits all.

For additional information on private medical insurance and critical illness insurance:

?Be your own financial advisor?, Which? Consumer Guides, author Jonquil Lowe

(Private healthcare in the UK)

(Critical illness insurance information)

Leave a Comment

Get Auto Insurance For Your Teenager


Teenage is an age when a person wants to possess the whole of the world. At that point of life nothing looks blank and nothing looks impossible as well, because we are so filled with energy. Hence one of the most cherished desires is to have a personal car of his own which he can drive to wherever he likes. But owning a car is not a very tough task rather the tough task is to maintain it and drive the car safely.

There are a few things, which as a parent you are required to do in order to secure the future of your son or your daughter. The first few things are to have a valid driving license, which is rare these days. Many people who even have a driving license do not like to drive with it. Teenagers have a tendency to flirt with the law and you should never be a party to these things because it is the matter of life of your son or daughter and if for any moment he or she is found guilty of any wrongdoing then his/her driving career will get marked.

These things will be counted throughout the life of a person. Hence it is your responsibility to determine whether he/she has a driving license or not. Once you have done this then the next thing, which is to search for the best possible insurance policy for your son, which will cover everything because this will provide the safety to your son or your daughter. For this purpose you will need to have the complete knowledge of all the insurance things going round the market. You may think that you have sufficient knowledge about this thing but you should also know that an insurance policy keeps changing day by day and hence any insurance policy, which may have been around your time, might not be available today.

You should try to get as many as auto insurance quotes as you can because they are the best way to get that insurance policy which will suit your teenager?s career the most. The best place where you can find them is the Internet because there are numerous websites over there, which will be helpful to you. At that you will need to fill up a simple form which will be then used to determine your exact requirement and based upon that you will get the possible results from the company or from the website.

Leave a Comment

The Perfect Place For Life Insurance Requirements.


We humans are striving hard for a comfortable living at the present but what about the future. The future is quite unprecedented and unpredictable when it comes to your family. Take a minute and answer this question as to what's your life worth? If you are one among the many consumers who are lost in the world who are shopping for life insurance, that's sort of what you're trying to find out. We've been flooded with so much information about it that we are left with nothing concrete. Be it on the internet, or switching on the radio or television the infomercials all suggest you to save money by investing in a life insurance.

To Figuring out how much life insurance you need shouldn't be a guessing game. You can assess your needs -- and the needs of your loved ones -- and make a calculated assessment. If you thought that a lot of insurance advice is based on your marital status to determine your insurance needs, then you are sadly mistaken. In reality it is different and the most important factor determining it is whether you have any dependents. Those who are (or who will be) counting on you to support them, either partially or fully -- and how many dependents you have.

It's not at all a difficult task to search one such life insurance which satisfies and suits all your family needs. There are many customers which are very much satisfied with the reply they got for their questions from choices Inc. Sherry Pellicori who is the financial consultant of Choices Inc will help you a lot in understanding your needs of the family ones you sign in. a person can find many different experts in the field of insurance policy who can direct them with different estimates which will lead them to the correct number. To protect your family for the future, the analysis presented by her help you in all respects to take into account the entire peculiarity which makes you and your family exceptional.

With collaborating in with her, and signing up for the free course you will avail the once in a lifetime opportunity that will change lives. She will teach you the value of your money and protect it and allow you to leave a legacy worth 40% more-completely tax-free. Benefits that you reap after collaborating with her and the policy you choose will leave your family protected for now and in future. You have to see the bigger picture that every individual has different needs; no two humans in this world are the same. Although your financial situation may look the same as your colleague's, your needs are different.

If you are thinking what would be the right time for an insurance policy, then it is right now. Imagine how life would be if something unexpected were to happen to you your family will at least have the financial part secured even after you were gone. The benefits of an insurance policy are many as it will take care of your loved ones even when you are gone. So, why not get the term life insurance policy and reap the many benefits that will help you in the future?

Leave a Comment

Ensure Right Treatment At Right Time; Take Medical Insurance


To put it simply, medical insurance is a deal under which the insured pays some money, often in instalments, to the insurer on the ground that the expenditure of his treatment will be borne by the company. It is a legal contract between an individual, group or a company and the agency that sells the insurance policy. All the insurance policies have an expiry time. But generally they are renewable.

Since medical expenditure is rising sky-high, more and more people are opting for medical insurance. It helps them get the right treatment at the right moment. They do not require thinking about the expenditure as the insurance company is there to take care of it. Not all the people meet with serious medical illness in their lives. Yet, insurance keeps them free from tension and gives them peace of mind.

Requirement for medical insurance differs from person to person and hence the agencies craft customised policies. There are insurance policies for individuals, groups as well as organisations. Individual insurance is the commonest policy. This type of policy covers an individually only. There are endless options on individual insurance policy. One can select a plan according to his own personal need.

Group medical insurance is arranged for groups. No personal preference is given priority in this type of insurance. Everybody is bound to agree with what others are going for. Insurance policies for organisations are meant to cover the employees of a company. This type of policies is generally taken by the owner of the company. They are never personalised.

Insurance are available for travellers also. Travelling is fun no doubt; but the way is also beset with so many obstacles and there lies the possibility of financial losses. To protect himself against financial losses on travelling, one can go for travel insurance. Like medical insurance, this type of insurance policies are offered in various schemes and plans.

Leave a Comment

Ppi In Its Place


PPI or Payment Protection Insurance is a product designed to guarantee loan repayment if the insured is unable to honour their repayment obligation due to sickness or unemployment. The basic idea seems sound, but the product has a history of mis-selling by poorly trained staff, and unreasonably high charges.

The result of this mis-selling means that many people are actually paying for a policy for which they have no need or that the various exclusions mean they?ll be unable to make a claim if the need arises.

Before you fall into this trap, take some time to consider what should happen when you buy this entirely optional extra.

The person selling you the policy should fully explain any restrictions or exclusions to the cover. Not all include back injuries or a history of mental problems, for example. If you were self-employed or regularly working on a sub-contract basis then insurance against unemployment would be redundant! They should go through this with you to ensure the right product is being purchased. They should check with you that you don?t already have any type of cover in place and above all they should make it absolutely clear that there is no obligation to purchase the policy.

Terms vary and there can be long periods of waiting before you can actually start to claim any benefit. Some of the better policies pay as soon as the event from which the claim arises begins, although it may be 28 days before any money is actually paid out. There is a limit to how long you can claim too. Read all the small print or yourself, even if in theory everything has been explained to you.

To make absolutely certain that you?re not being charged for PPI, ask for any loan quotation to be made with and without the inclusion of the product. The chances are you?ll be absolutely amazed at the difference. PPI providers pay a very handsome rate of commission to their agents and their gain is most certainly your loss.

If PPI is applicable and needed then it is easily available, at a fraction of some of the prices charged by these lenders, as a stand-alone product. Before going into that, however, consider these points.

? Are you the only breadwinner in the house? Would it be impossible to make the repayments if you were to be ill/become unemployed?
? Is there any provision in your terms of employment for cover in these circumstances

You may decide that you need only part of the payment cover which a PPI policy would offer. It should be a simple matter to arrange for this ? for example you may be quite confident that your job is secure ? or there may be some protection for this arranged by your employer. In this case a policy which covers sickness only would be possible at a fraction of the cost of the full policy.

Although you can search the internet yourself and come up with some suppliers of PPI, there may be further reductions on the cost if you take the easy way out and use an independent internet adviser. These advisers have access to a wide range of products at the very latest and best prices. Get on line and find out the options.

Leave a Comment

Viatical Settlement In Terms Of Security


Individuals have been selling their rights of life insurance policies since the beginning of the insurance industry. This, however, was a quite unknown practice until the AIDS epidemic heightened in late 1980's. When insured?s stricken with the disease learned about the living value to life insurance, the Viatical Settlement Industry is born.

Viatical Settlement Benefits
? Immediate cash inorder to ease financial burdens
? Additional cash to compensate for loss of income
? Relief from Premium paid
? Funds to seek treatment not covered by health insurance

Viatical settlement definition
A viatical settlement is selling a life insurance policy issued on the life of a person, who has a terrible illness or condition that is expected to result in death within 84 months, for an amount that is less than policy?s face value. The person with the life-threatening illness who is insured under the policy is called a viator. He may or may not be the owner of the policy. But only the holder of the policy has the right to sell it. If you do not own the policy, owner cannot sell it without your consent. The unit that buys the policy is called a viatical settlement provider, also, there are persons called brokers, who help with the sale of the policy. This settlement offers you the chance to receive a portion of your policy?s death benefit as you are still alive, giving you an option to ease the financial stress that goes with an illness or condition.

How Viatical settlement works
Most of the providers or brokers will ask you to fill an application and medical release forms so that they could collect information from your insurance company and your doctors. All that gathered is to be kept confidential and cannot be given to someone without your written approval. If you meet the criteria, the provider will make an offer for your policy. The amount offered for your insurance policy will be purely based on the facts such as how long you are likely to live, the sum you pay for premiums, the rating of your life insurance company, and your policy?s other provisions. If you accept the offer, you would be asked to sign a viatical settlement contract.

investing in viatical settlement contract
Viatical Settlement Contracts are nowadays being sold as securities, and even though there is nothing inherently wrong with investing in viatical settlements, the potential investors need to be alert of a few basic facts and the difference between viatical settlements and other kinds of securities. The first thing to keep in mind is that most often the investor in a contract is reliant upon the viatical settlement provider, or other party selected by the viatical settlement provider, see to it that the viatical settlement contract and the fundamental life insurance policy is maintained. This can involve everything from determining the life expectancy of the viator to safeguarding of the life insurance policy.

Most states consider a viatical settlement contract that is sold as an investment, as a security and regulate these investments as such. As always, anybody considering investing money in any security should carefully research the product, the individual, and the company that is offering the security.

Leave a Comment

Insurance And Drunk Behavior


In most states, car insurance rates are likely to go up for at least 3 years if you are convicted of drunk-driving. You will also become familiar with SR-22.
Different states use different terms for drunk driving: driving under the influence, driving while intoxicated or operating a vehicle while intoxicated. If convicted of any such offense, your insurance rate is likely to go up before you can drive again.

If convicted of impaired driving in any US state, your driver privileges will be suspended for between 30 days and a year.

To get your license and privileges back, you?ll need to complete an SR-22 form to prove you have liability insurance. The insurance company will notify the licensing agency if the policy is terminated for any reason.

Premiums could multiply

When you receive your SR-22 form, your car insurance company will automatically consider you to be a high-risk motorist and increase your premiums accordingly. If convicted, you can expect your premiums to double or triple although some companies specialize in high-risk policies.

Not All Companies Offer SR-22 Policies

Some insurers don?t offer SR-22 policies. In such cases, if convicted of drunk-driving, your policy will be canceled or not renewed This cancellation on your claims history will count against you when you find another company that does offer SR-22. Because of this and your conviction, your rates are sure to be higher.

It?s possible that your insurance company is prohibited from canceling your policy early even if convicted of drink-driving. This is subject to state law.

How long can you expect your rates be higher for?

In most states, a drunk-driving conviction will affect your insurance status for at least 3 years although it does vary. The length of time increases for multiple convictions.

Penalties can vary depending on the circumstances. If somebody was hurt as a result of your drunk-driving, a child was involved, your blood-alcohol level exceeded a certain amount or if you were under 21, your premium can be affected in certain states.

How can increased rates be avoided?

The only way to avoid increased car insurance rates is to not restore your driver privileges. Some states will allow you to drive a moped without a license otherwise you are restricted to walking or public transport.
If you don?t own a vehicle but you do wish to restore your driving privileges, you must still buy a non-owner policy to provide a SR-22 form. This means buying car insurance for a car you don?t own. It simply isn?t worth drinking under the influence of alcohol. The law is designed to treat drink-driving convicts heavily and is fully supported by car insurance companies.

We want you to know one little thing. The insurance companies are not only there for the money. We do care about each one of you and we want you to be protected. You pay us for services you don?t need now but one day, if something occurs, we will be the only people you will expect the help from. Please always stay considerate and wise. We believe you won?t let us down.

Leave a Comment

Crime And Bad Conditions Hit Winter Car Insurance Claims


Car insurance provider Esure has warned motorists that driving in the winter months is substantially more likely to result in accidents. According to statistics the accident rate increases by 31% in winter, a rise that is due to reduced daylight and inadequately gritted roads. This has been particularly pronounced in the opening months of this year, when icy conditions and high winds swept all parts of the nation.

20% of drivers polled had been involved in an accident because of icy roads whilst 63% complained that gritting is not carried out frequently enough. And it is not just in transit that problems occur; 42% said that they had been forced to stay indoors as roads were not safe enough to drive on.

Mike Pickard, Head of Risk and Underwriting at Esure, emphasised the importance of safety over convenience: ?It is of the utmost importance to be aware of road safety during the winter months and to judge carefully when it is safe to drive ? if you feel it?s unsafe? then leave your car at home and take public transport instead.?

But the threat of accidents is not the only danger on the roads during winter. Police across the country are reporting an ever-increasing number of ?frosting? incidents. This is a form of car crime where ?Jack Frost? thieves steal a vehicle that is unattended due to the driver warming up the engine. It is a far more common crime that might be imagined with 66,000 victims every year. Joanne Mallon, car insurance manager at Sainsbury?s bank, said: ?When it's freezing outside it can be tempting to leave the engine running to speed up the defrosting process while you nip back inside to get ready. But this can have terrible consequences if your car gets stolen.?

And the car insurance companies are unlikely to be sympathetic either, as by leaving the vehicle unattended the driver is deemed to have failed in their ?duty of care.? The message being spread by both police and insurers is to make sure that the keys are never left in the car?s ignition even when the vehicle is defrosting on the owner?s driveway. Edmund King, executive director of the RAC foundation stated: ?Your car keys are the weakest link in the car security chain so never give the car criminal the chance to steal your keys. Never leave your keys in the car when filling up with petrol or when defrosting the car.?

However, Adrian Webb, communications manager at Esure, is anxious not to discourage motorists from defrosting their windscreens: ?If you merely clear a small hole to peer through the windscreen you are more likely to have an accident, and cause serious injury or even kill somebody.? Once again any claim made due to a poorly defrosted windscreen is likely to fall on deaf ears as the driver has failed in their duty to drive with all-round visibility. Webb also advises against more traditional methods of defrosting windscreens: ?Windscreen technology has improved in recent years making this less likely, but pouring hot water on a cold windscreen isn't the wisest thing to do.?

Leave a Comment

Auto-car Insurance-how To Choose With Cheap Quote


You may aware that in most parts of the world and in most states too, driving a car is illegal without proper insurance. So, you must have an automobile insurance if you are a car owner. Over the years I?ve been witnessing practical experiences that the automobile owners often use to repent of not choosing a proper auto insurance.Choosing a right kind of car insurance may not be any driver?s first priority, the first one logically being the safety of their owners often pay the price after an accident wiped the peace and tranquility out of their life.

Car or auto insurance is a contract between you and your insurance company where you agree to pay the premium, while the insurance company agrees to reimburse your loss under terms and conditions against property, liability and medical coverages as stated in your insurance policy. Property coverage pays for damage to and/or theft of the car. Liability coverage pays for policy-holder?s legal responsibility to others for bodily injury or property damage. Medical coverage pays for cost treating, rehabilitation and sometimes lost wages and funeral expenses. The insurance policy provides different kinds of inbuilt and additional coverages. So, you have to choose a right kind of policy after researching a little bit, using online auto insurance quotes of different car insurance companies which serves you the best according to your needs.

Bodily Injury Liability coverage is applicable where injuries are caused to someone in a road accident by the policyholder or his family members listed on the policy. If you are involved in a serious accident and are sued for a large sums of money, you will have to choose good liability insurance for your protection.

Medical Payments or Personal Injury Protection(PIP) coverage pays for injuries to the policyholder and occupants inside the car in an accident. PIP can cover medical payments, lost wages and cost of replacing services normally performed by someone injured in an auto accident. It may include funeral cost, if any.

Property Damage Liability pays for damage you can cause to another car. It can also include damage to other objects of property your car might hit, for instance fences, telephone booths, lamp posts, building or other structures.

Collision Coverages pays for damage to the policyholder?s car, called it own damage, which resulted from a collision with another car, object etc. It should be noted that due to certain operative clauses, even if you are to blame for or at fault for the collision, the costs of repairing of your car will be reimbursed to you by insurance company. But the deductible has to born by the policy-holder which generally ranges from $250-$1000 in U.S. Comprehensive Coverage will pay you for the loss (other than collision with another car) due to damage by fire, explosion, falling objects, missiles, earthquake, windstorm, hail , flood , vandalism and riots, contact with animals, theft etc. In other words, comprehensive coverage assure reimbursement for damages caused by forces other than another car or object.

Uninsured and Under-insured Motorist Coverage reimburses you in case you are hit by an uninsured or hit-and-run driver and will also be helpful if you are hit as a pedestrian.

Leave a Comment