Globe Life Insurance Policies: Good or Bad?
The scale of life insurance is staggering yet there are hundreds of thousands of independent insurance providers operating at any given time. Collectively, these insurance companies are responsible for underwriting policies with a merged value of between 15 and 20 trillion dollars in the United States.
Global life insurance is one of the many companies in this category. It is a niche product that caters to the policy holders who significantly spend a lot of time overseas.
Most policies cover deaths deaths caused by accidents or illnesses contacted or sustained outside the USA and may be renewed yearly for up to 45 years after the insurance. Just like most insurance products, global life insurance policies do not cover deaths that are caused by the pre-existing medical conditions or long-term injuries that occurred earlier than the day the insurance was issued.
What Does Globe Offer?
Globe Life Insurance offers a full suite of life insurance policies. These include a whole life insurance, term life insurance, permanent life insurance and several other specialty packages.
In general, policies that are underwritten by by Globe Life insurance are competitive with those offered by other similar life insurance providers. Just like most life insurance policies, globe does not pay out death benefits to the policy holders who decide to commit suicide. Additionally, globe will not make payments to beneficiaries who might have caused a policy holders death.
Globe products may have some drawbacks. One claim is that some past beneficiaries have had issues in recovering death benefits on term life policies that pay out within 2 years of signing up. It may seem unfair but it’s actually a common practice in the life insurance industry.
So, of you wish to take a life insurance policy under Globe, or any other life insurance company, then it is wise to ask your agent about the probationary period. In some cases, it may be safer to pay more for polices that do not come with such limitations.
16 most common Lawn Care Business Insurance questions – GopherHaul Podcast
http://www.gopherforum.com How often have you had questions about business insurance but just didnt get around to asking your insurance agent. Its possible you are just starting out and dont have lawn care business insurance yet. As we have found through our investigation on this topic, no one knows better what your insurance needs are than your local insurance agent. Each companys needs are as unique as the services they provide. Each state will also have different insurance requirements of you.
Since these questions come up quite often, we decided to compile a list of the most common insurance questions asked by lawn care business owners and found a friendly insurance agent to give us answers.
1. Q: How does an LCO determine which liability policy should be purchased? What percentage of LCOs have the following coverage? 0,000.00, ,000,000.00 or ,000,000.00
Answer: Most all carry ,000,000 the difference in premium is minimal between 1 & 2 million worth of coverage.
2. Q: What is a reasonable rate for a 0,000.00 / ,000,000 / ,000,000 liability insurance policy?
Answer: Rates are based either on number of employees or sales. For an operation with 4 employees an approximate premium would be 00.
3. Q: How much more on average is a million or million dollar liability policy, what percentage of LCOs have this coverage?
Answer: Most lawn care companies dont carry these high limits.
4. Q: What is the average LCO deductible for liability and theft?
Answer: I recommend carrying deductibles of ,000
5. Q: How does a LCOs business size effect their liability insurance needs?
Answer: The larger the company the better ability we as insurance agents have to market them and get credits for their insurance.
6. Q: Is it a good idea to get your business liability insurance through your homeowners insurance carrier. Why or why not?
Answer: No, it is better to have your liability insurance separate from your homeowners due to the limits on your homeowners.
7. Q: Does snowplowing effect your insurance needs if so how?
Read more on my Lawn Care Business Blog http://lawnchat.com/?p=340
If you are in need of free lawn care marketing material for your lawn care business, please visit our site at http://www.gophersoftware.com. We have hundreds of free lawn care logo, flyer, door hanger and web templates you can download and use for your lawn care business. We also have free lawn care business contracts. Also download our trial version of Gopher Lawn Care Business Software. Gopher will help your lawn care business schedule and invoice more customers in less time, allowing you more time to grow or enjoy your life. Try Gopher Lawn Care Business Software http://www.gophersoftware.com Visit the Gopher Lawn Care Business Forum http://www.gopherforum.com