Dying Of Laughter Itself Is Not Possible

Category: Finance, Insurance.

When taking out life insurance, many people think of the obvious risks.

But have you ever considered life insurance to cover dying of laughter? Cancer, heart disease and accidents are the main concerns, although thankfully these won t happen to the majority of us. Have you ever considered the possibilities of dying on the toilet? There are many deaths reputed to be attributable to laughter. It happens. As far back as 207 BC a Greek philosopher by the name of Chrysippus was apparently watching his drunken donkey trying to eat figs when he laughed himself to death. His death was put down to heart failure, brought on by the excessive strains of laughing too much.

More recently, a 50 year old bricklayer died after 25 continuous minutes of laughing while watching an episode of the Goodies on TV. Dying of laughter itself is not possible. Thankfully, this is not very likely as, according to health experts, patients with heart disease will laugh less than anybody else. It is thought that it only possible if choking or heart failure occur at the same time. This is due to the stress levels. A weak endothelium can lead to hardened arteries, hardening the heart, quite literally.

Endothelial cells form a protective lining in our blood vessels and stress impairs the production of these cells. It has been surmised that it is possible to suffocate during excessive laughter. This restricts our ability to breath but the automatic breathing response will take over before it s too late. During laughter, the epiglottis constricts the larynx. Laughter has, been found to, in fact be a great medicine. It reduces the stress hormones and our bodies natural produce killer cells to ward off all types of diseases and virus s.

So much so that laughter therapy is now a recognised practice. In fact, laughter is a good all- over workout. Diaphragm, respiratory, abdominal, facial, leg and back muscles are given such a work out that laughing 100 times is the equivalent of 10 minutes on a rowing machine or 15 minutes on an exercise bike. Blood pressure is lowered, there is an increase in vascular blood flow and more oxygen reaches the blood stream. The dangers of a negative lifestyle are well documented. Surely, if laughter is this good for you there should be a clause in life insurance policies to reflect it?

The emotions of a negative person can cause biochemical changes that affect our health adversely. There is a section asking about regular exercise. Is laughing at the cost of life insurance enough? If a gym membership lowers the premiums for life insurance then shouldn t a sunny disposition do the same? There s also the other hidden danger in life that is not mentioned on life insurance policies and that s the risk of dying on the toilet. From slipping on a wet bathroom floor, pulling down a high mounted old- fashioned toilet system, pinching injuries from broken toilet seats to broken hips from slipping off a dodgy toilet seat, toilet injuries are common place but death? It is widely believed, that Elvis Presley, though not proven died whilst on the toilet and he is not the only famous person to have this eulogy.

It really is physically possible to die from going to the toilet. However, it is expected that there will already be a circulatory problem before the event. This is apparently due to a drop in blood pressure due to the parasympathetic nervous system during bowel movements. So, when taking out that life insurance policy, check the small print and ensure you are covered for every day events such as going to the toilet and laughing.

Taking A Car Insurance Policy Is The Primary Way Of Doing It

Category: Finance, Insurance.

Going for a car insurance policy in the UK never costs you a fortune on your premiums, even though it may actually make a big hole in your pocket if you don t.

If you take your car as one among your cherished possessions, it is upon you as to what all precautions you take in order to see that it stays in good running condition. This is because of the high expenditure incurred because of the high costs involved in getting your car repaired. Taking a car insurance policy is the primary way of doing it. Your policy papers would be there to see to it that your car goes on with its normal running routine on the road without you having to shell out a penny. This is the most conventional and also the wisest way of seeing to it that when you require to get your car repaired, you do not fall short of it due to scarcity of budget. There are two ways of making good use of your car insurance policy in the UK: either you pay the repair costs and claim reimbursement later with your insurance company, else get a free car repair service from the workshop subscribed with the company.

When you go for your car insurance policy in the UK, and wish to avail to it at conveniently low premium rates, there are a few considerations made by the company. Either way, you do not have to expend as you reap the benefits off your insurance policy. The major one is the driver s profile that you have. And, the more number, of course of years you drive around safely, the more you are considered as a reliable and safe customer. The safer, the better. Your credit history also affects the rate of premiums that you might be offered.

The more decent it is, the more capable you would be considered by the company to pay your premiums in time and thus eligible for low premium rates.

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In some respects, every generation has its own unique challenges. One part of that reality comes for those who have finished a college education and face thousands of dollars in student loan debt.

Trusts Can Also Be Used To Mitigate Tax

Category: Finance, Insurance.

A trust is a way of putting something valuable( an asset) aside to benefit others- in this case, the value of your life insurance policy.

These people are known as the Beneficiaries. The trust stops the money being used for any other purpose and ensures it goes to the people you want when you die. A trust means your money goes to the people you intended. Trusts are set up for a variety of reasons: If the named Beneficiaries are to be minor children who are not old enough to deal with the property themselves, or if it was a class of beneficiaries such as grandchildren some of which may not have been born yet then a trust would be established. For example, if you owed money when you died, a trust could mean the money paid out under a term insurance policy would go to your loved ones not your creditors. A trust would also be used to provide ongoing care for someone who is mentally disabled and could not handle their finances on their own.

Trusts can also be used to mitigate tax. If you do not wish young beneficiaries to receive the money before the age of 18 a trust could be set up for this reason. When you die, the courts have to give permission for assets in your estate to be given to your beneficiaries. However, trustees don t have to wait for courts so your life insurance payment can be made as soon as possible. This takes time, and if you die before making a will it can take even longer sometimes up to six months and it incurs costs. If you left behind children under 18 when you died, trustees could use the trust to support your children.

When property such as a term insurance policy is placed under trust, Trustees are appointed. Once your children have turned 18 they can have full access to the money remaining in the trust. These people are the legal guardians of the property, and they have to administer the property for the benefit of the Beneficiaries under the trust rules and specific powers. The Settlor is the person who pays the premiums for the life policy. These specific powers may be for example to pay for further education. When the Settlor dies the money paid out by the policy is managed by the trustees, and can be distributed in accordance to the trust rules and specific powers.

Once a trust deed has been signed the policy cannot be removed from that trust, and the term insurance policy is no longer the Settlor s property. A trust deed is drawn up and the policy provider is informed that the policy is the property of a trust and the trustees are then registered as the legal owners. The policy provider can provide trust documentation but you should seek legal advice to ensure their trust wording is suitable for your requirements. Trustees must ensure that they manage the trust property and they must be diligent to avoid unnecessary loss as they could be liable to the beneficiaries for any breach in this duty. On the death of the Settlor it is the Trustees that have to claim the sum assured from the policy provider as they hold the life policy. If a policy is not put into trust the money paid out by a life insurance policy will form part of your estate.

Inheritance tax is exempt for husband, wife and civil partners domiciled in the UK. If the value of the estate is over the inheritance tax barrier( which was �285, 000 in 2006/ 2007) then the amount over the barrier would be taxed at 40% (2006/ 2007) . Settlors may use a trust to reduce inheritance tax liability on the Settlors death. As with most things trusts can be useful, however expert advice should be taken if you are considering a setting up a trust. Property put into trust during the life of the Settlor may reduce the amount of tax payble.

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Availing An Insurance Helps You In Several Ways - Finance and Insurance Articles:

Availing an insurance helps you in several ways. Buying an insurance that covers your health pays you a fixed amount of compensation worth being a great help when you fall ill.

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The best car safety device is a rear- view mirror with a cop in it. ~Dudley Moore( 1935- 2002) Whether you own a unique sports car that you tuck safely in the garage every night or you drive a worn out hand- me- down, the laws in your area probably require you to have car insurance. How does car insurance work?

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Coordination of Benefits( COB) is a process by which two or more insurers who are insuring the same person for the same or similar group health coverage limit the total benefits received by the insured. Secondary health insurance will pay after the primary health insurance pays their portion.

When You Get Your Policy, You Also Need To Be Careful Of A Few Things

Category: Finance, Insurance.

Car insurance is one of the most important policies you need to have a look at. You can go for collision cover as well as breakdown cover to protect your car against various problems it can face during its run on the road.

It is essential to have this policy in place which helps you avoid stressful periods, and also saves you time when your car needs repairs and the costs could run sky- high. Every car faces the usual wear and tear and this needs to be taken care of. Or, at least, it is a difficult decision to take. Getting this insurance policy is somewhat of a trouble for many car owners, owing to high premium rates. However, it is an important one, as important as your car which you would like to protect. Much of the premium considerations depend on your driving profile and other factors, such as age and also credit card history. Premium rates are fine but protection of your car to cover the damages and repair costs is more crucial to upkeep its long life.

When you get your policy, you also need to be careful of a few things. This is because failure in premium payments on the due date can render the policy invalid. Be regular in your premium payments. Also, most people opt for deductibles when they go for car insurance, in order to bring down the premiums to a reasonable payable amount. This is the initial amount deducted from your premium payments. Deductibles are a serious consideration among many other things. Higher this initial uncovered amount, lower the subsequently applicable premiums.

Before you sign the car insurance policy, you ought to read the document carefully and clarify any doubt in the policy, since this helps avoid any confusion when you have to make an insurance claim.

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This Is Why Disability Insurance Is Absolutely Necessary

Category: Finance, Insurance.

You probably wouldn t think twice about the fact that health insurance is absolutely essential, but what about disability insurance? No matter how careful you are about job safety or staying healthy, sometimes there is nothing you can do to prevent an accident or illness.

It s just as important. While your health insurance is vital in getting you treatment, what happens when you can t go back to work right away because you re recovering? This is why disability insurance is absolutely necessary. Your bills need to be paid, and your family needs to eat. Disability benefits will help you with your cost of living during the time that you are not well enough to return to work. Almost all disability insurance does not begin immediately, but requires a waiting period of two weeks to several months. They will usually not pay enough money to equal your working wages, but should be enough to pay your basic bills.

If you are expected to be unable to work at all for at least a year, you may be eligible to have Social Security pay you disability benefits. There are also types of disability insurance that your employer may offer, where the premiums are taken out of your paycheck. The amount you will receive will depend on your age and how much money you were making at your job. Almost all employers are required by law to offer short- term disability insurance of some sort, like paid sick leave, although the amount of time available may vary from just a few days up to six months, or even two years. This may cover you in a situation where an injury or illness prevents you from working for a very long time, or even for your lifetime. You also may be eligible for your company s long- term disability insurance plan, if they have one. Check with your state laws to see what your employer is required to provide you with, and ask your benefits department to explain the plan in detail.

Non- cancelable means that your policy can never be changed or canceled, unless you don t pay your premiums. While you are investigating your insurance options, you may wonder what some of the terms used really mean, like non- cancelable or guaranteed renewable . This helps to make sure you aren t discriminated against when you are not well enough to work. If you don t understand any other terms in your policy, be sure to ask your insurance administrator to explain them, or look them up yourself. Guaranteed renewable means that the policy will be the same every year, and the premiums cannot be increased, which means that you don t have to pay more after having a workplace accident, unlike a lot of auto insurance. You may think that this sounds like a lot of work, but it s really not too difficult.

Understanding the principles of disability insurance will allow you to make the right choice of an insurance policy for your unique situation, and to be reassured that your family and your home will be protected in the event of sudden illness or an accident on the job.

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Insurance is more or less like compensation for specific losses.

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Critical Illness Cover Is A Complex Form Of Product

Category: Finance, Insurance.

For some time, there may have been some analysis regarding claims on critical illness products.

However, results were managed to be shown. Figures may not be as accurate so that a sound study could be made about the rate at which people made critical illness claims. The critical illness risk over a general population quantity was derived. Furthermore, population statistics relevant to the rate at which critical illness occurred may be taken as a starting point. Therefore this result was compared with the expected results which could have shown more or less the critical illness incidence rate statistics. Such statistics could be divided into age and sex and also age groups.

Also, many people suffer from the same critical illness twice in their lifetime, for example myocardial infarction. The critical illness definition concerning the statistics must also be met by that of the policy. Critical illness insurance may provide cover only once after the start of the policy and then ceases. As a matter of fact, critical illness insurance might only consider the first myocardial infarction of a person. Additionally, people who have already suffered from this critical illness once may be denied to take a critical illness cover due to medical risk assessment. This may also apply to any other disease.

For standalone benefits, the chances of dying during the survival period may still remain. It can be hard to assume the extent of the effects of medical selection, antiselection and moral hazard as far as people are insured under critical illness cover. But this has to be ruled out as the critical illness benefits have to be paid out to those who may still be alive. The rate at which certain critical illness conditions occur may be due to the smoking habit of the insured. Another factor which may appear can be that of smokers and non smokers related to critical illness insurance. Around 90 percent of all lung cancers may be related to smoking.

But these figures may vary according to the age for both men and women. Also, the occurrence of a critical illness such as heart attack or stroke may be twice as high for smokers than non smokers. In many markets, tables may have been drawn representing the rates for both smokers and non smokers. This may also be vital to certain insurers who provide critical illness cover on the basis of aggregate premium rates. By doing this, insurers could therefore have an idea about how smoking may eventually affect the incidence rates. The aggregate rates may rely on the number of smokers insured. Critical illness cover is a complex form of product.

Thus the risk of antiselection could be bigger as people taking out the critical illness cover may be prone to certain illnesses prior to taking the cover. Its integration in the market may have been difficult and time consuming. South Africans may not have encountered this problem as critical illness insurance had been derived from there. Its adoption by people may have also been a gradual task as well, especially in the UK and the US market. Nowadays, critical illness insurance may have been well spread worldwide and may still be on continuity.

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Medical insurance is taken to cover the costs of private treatment for what are usually known as acute conditions.

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In The Case Of A Car Accident, One Cannot Help, For Instance Getting Upset

Category: Finance, Insurance.

It is foolhardy to live without an insurance nowadays. One can never be prepared for the many problems that may occur.

Whether life insurance or medical insurance or car insurance, getting oneself insured is the first step to having a restful night. However, an insurance plan can help reduce anxiety levels that always accompany even the smallest of crises. However, this is the time for thinking things through in a calm and objective manner. In the case of a car accident, one cannot help, for instance getting upset. At such a time, one should not be worrying about how you will be able to afford to get the car repaired. After a car accident, the problem at hand will be to evaluate the current problem. Thus, a car insurance plan can go a long way in ensuring that car owners are able to see to the current crisis.

If there have been any injuries, the first priority will be to get help for those that are injured. In the case of a car accident, one cannot avoid having to call the police station. The next step would be to examine the car for damages. The nearest police station has to be reported to and a legal report of the accident will have to be made. After a car accident, somebody needs to be calm enough and objective enough to give a report of how things conspired. The ability to think clearly is always a boon during problematic times.

It might be a good idea to not talk about the accident with others who are obviously upset or in shock. Discussions with all and sundry will only color the story differently and it might result in an inaccurate account. It is better to remain by yourself until the police arrive and one is able to provide them with a detailed report. It is also important to collect all the required facts. The identification and license plate numbers of the vehicles involved are among the required info. Get the contact information of the people who were involved in the accident.

If your car is insured, phone you agent right away. This will allow him/ her to make a better assessment. It is a good thing if the agent appears on the scene right after the accident. Moreover, it would also quicken the speed in which your insurance application is processed. Thus, we must try to prepare ourselves for such situations so that if required we can cope effectively.

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When critical illness cover first appeared, only six illnesses were covered.

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You cannot ignore that contingency is a predominant factor in life. Often, either by us, carelessnesses, or by the other occur which can affect our lives profoundly.

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