Life Insurance 101, An Explanation of Various Types of Life Insurance

TERM LIFE INSURANCE – Life insurance for a set number or years. You can choose from 5 to 30 year terms. No cash value, if you die during the term you collect the death benefit. The policy dies after the selected term has ended and you receive nothing unless you have a, return of premium rider or you convert the policy to some form of permanent insurance.RETURN OF PREMIUM TERM INSURANCE (ROP) – A term insurance policy that returns all or a portion of premiums paid at the end of the term if the death benefit has not been paid.SIMPLIFIED TERM INSURANCE – Term insurance which uses a simple application. Underwriting is done electronically. No underwriting requirements by the applicant unless red flags arise out of the electronic underwriting process. Policy is usually issued much quicker than regular term. There is a limit of death benefit for this type of policy ($350,000 or less) depending on the insurance carrier. This type of policy is generally more expensive because of additional risk by the insurance carrier. Less underwriting =more risk.CRITICAL ILLNESS INSURANCE – Applied for as a stand-alone policy or as a rider to another life insurance policy. Pay immediate benefit for a covered illness even if death does not occur.ACCIDENTAL DEATH INSURANCE – Pays benefit in event of a covered sudden accidental death. Applied for as a stand-alone policy or as a rider to another form of life insurance.MORTGAGE PROTECTION INSURANCE OR DECREASING TERM INSURANCE – Term insurance that pays the balance of your mortgage should death occur. The amount of death benefit decreases to match the amount owed on mortgage. The insurance is set up to end at the same time your mortgage is set to end.UNIVERSAL LIFE INSURANCE (non variable) – Flexible premiums. Can be a permanent insurance as long as premiums are paid and policy is funded properly. Investment policy in which risk lies with insurance company.Has a minimum guaranteed interest rate which differs by company. This policy has the ability to gain contract value. The death benefit can be set to level (death benefit stays the same throughout) or increasing (death benefit increases as contract value rises). You may obtain loans or make withdraws but you must be careful, if the policy is not funded, it will collapse.VARIABLE UNIVERSAL LIFE INSURANCE – Agent must have securities license to sell. Very similar to non-variable universal life. The difference is that the policy owner assumes investment risk. There is no guaranteed interest rate. Policy can collapse if investment does not do well and policy is not funded properly.WHOLE LIFE INSURANCE – Simply put, you pay the premium and the policy will last your whole life. You usually have an option to borrow against the policy, amount depends on the value of the policy. This type of policy is usually much more expensive than the universal life policy.GRADED BENEFITS WHOLE LIFE – Partial or no benefits paid until a named or tiered waiting period has passed. If you die before the waiting period has passed, you usually will receive the return of your premium payments with some sort of interest.FINAL EXPENSE WHOLE LIFE INSURANCE – This type of whole life insurance is aimed at burial and funeral expenses and other final expenses. Usually, no medical exam required and death benefit is limited to $50,000 or less.SINGLE PREMIUM WHOLE LIFE – This whole life policy is paid for by a single lump sum payment. In return the beneficiary receives a larger death benefit than the payment.THINGS TO CONSIDER: You may be interested in mixing and matching different types of policies. For example; There is a need for 500k immediately. As time goes on, the kids have graduated college and are out of the house, the house is almost or totally paid off. Now the need is less. In this example you may want to purchase a 330k universal life and a 20 year 200k term. This plan will save you money and still protect your family for life.Or, you may want to mix term, critical illness, accident, universal life, or whole life in various ways depending on your needs.RIDERS:Waiver of Premium Rider – pays life insurance premium if you become disabled and can’t work. There is usually a waiting period and rider usually expires at age 60 or 65.Critical Illness Rider – Rider is explained above.Return of Premium Rider – Rider is explained above.Guaranteed Insurability Rider – this rider allows you to purchase an additional amount of life insurance at a later date without having to prove insurability again or take another medical exam.Term Conversion Rider – allows you to convert a term insurance policy into a permanent policy without proving insurability again.Accelerated Benefit Rider – this rider is only for permanent life insurance policies. This rider is usually included automatically for free. It allows you to collect a portion of your policy’s death benefit if you become terminally ill with a short life expectancy, usually one year. The portion paid out is subtracted from you policy’s death benefit.Accidental Death Benefit Rider – This rider pays in addition to the death benefit if you die from an accident.Child protection Rider – Usually used to pay final expenses if the unthinkable happens. Often, at a nominal cost and purchased in units of $1,000.UNDERWRITING: requirements depend on insurance carrier, type of policy, amount of death benefit, age, build chart, gender, medical history, medications, family history, motor vehicle report, and other factors.An application is always required, although, non-medical policies usually have a simple application.Requirements could be: Paramed (certified medical processor or nurse comes to your place of choosing, takes you through a medical questionnaire, measures your height and weight, takes blood and urine sample, possibly EKG either resting or non-resting), Medical information from your physician or hospital, Medical exam, etc.HEALTH CLASSES – Typical health classes would be, Preferred Best, Preferred, Select Standard, Standard, and then different nicotine classes such as, preferred nicotine, select nicotine, and standard nicotine.It is possible to be rated less than standard depending on health and underwriting factors.You must qualify for a health class. This is chosen by the underwriter after the underwriting process is complete. The agent can only quote you the different health classes but this can change with the underwriting process.

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Complete Beginner’s Guide to Sustainable Livestock Farming

Livestock farming can be done in different ways with some ways having more benefits the others. One type of farming that is growing among farmers is sustainable livestock farming. This type of farming requires the use of a pasture based system.When animals are raised in the pasture-based system they are allowed to graze freely and eat nutritious grass and other plants that are easily digested by their bodies. The livestock welfare is greatly increased when they graze on pasture since this is the natural way in which they were meant to feed.Sustainable livestock farming also helps in reducing damage to the environment and the produces such as meat, eggs and milk is more nutritious and taste better than feed given to livestock that is processed from factory farms.Animal Health Benefits:Animals that are raised in confined factory farms have less quality life than those raised on pasture. Animals when raised on pasture can move around and live a natural life where else in factory farms the animals are all crowded in confined facilities. These facilities don’t have sunlight or fresh air allowing bacteria to grow and affect the livestock. This then leads to the livestock being given antibiotics which is not good for the livestock.Since a lot of livestock eat grass grazing them on pasture has a lot of benefits. Some of the benefits are the livestock are able to produce saliva which is good for neutralizing acids that is in their digestive system. Since grain feed livestock produce less saliva they often suffer from dehydration, intestine damage and even death.Human Health Benefits:Livestock raised on pasture produce more nutritious products (eggs, meat, milk) which is good for consumers then livestock raised on grains. Adding to that pasture raised foods have a healthier balance of omega-3 and omega-6 fats then your conventional foods. Their vitamin levels are higher as well.Care And Management:When raising livestock the pasture way you should take care of them by giving them some shelter, make sure they are out grazing on pasture everyday and get enough drinking water. Also get a vet to come check on your livestock every now and then to make sure they are free from illnesses and diseases.It’s no doubt that sustainable livestock farming is the way to go if you want to be a successful livestock farmer. The livestock are raised in a healthy way and the produce is healthy for us human beings.

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Interactive Technology in Healthcare Education

Healthcare professionals are under pressure to remember, utilize and absorb vast amounts of new or changing information in increasing volume. This surge has led to new and improved computer-based tools for many healthcare activities and to an explosion in the marketplace of tools used in instruction and education of healthcare workers. This article explains the use of interactive technology in healthcare and how this benefits instruction and education of healthcare professionals.Digital systems that capture images from documents, 35-mm slides, physical samples or specimens, or virtually anything that the camera lens can see, is found in interactive technology. In healthcare, transmitting these images to computers with simple devices or software that will allow the display and integration of educational material into the training environment is easily accommodated.The method for delivering these images or documents, usually via PowerPoint presentations, photography, videotape or audio presentations can turn a standard Windows PC into a dynamic, interactive, teaching tool. Depending on the type of training environment needed, interactive presentations can be found in the use of liquid crystal displays, large plasma displays, rear projection systems or even whiteboards. Educators can now tailor their courses to their audience’s expectations and needs using any number of these presentation forms.Effectiveness of interactive learning systems is largely dependent upon the type or form of delivery used in combination with software that is easily used by both novice and expert users. Smaller systems will use a pen or stylus vs. a computer and a mouse where larger systems may use elaborate videoconferencing systems where many participants can be in the virtual classroom at the same time. Many healthcare organizations already utilize small and large types of communication systems routinely in the delivery of quality, high-tech healthcare to patients and their community. Adapting this equipment or having it serve dual purposes is an easy and cost-effective transition.The era of the blackboards and chalk dust is now a memory for most of us. Interactive technology tools permit the educator to draw on, write on, and annotate data right on the screen as part of their dynamic presentation. In addition, the educator can now annotate their presentation and then save, print and even distribute by email, the contents of the class session to all participants.The mobility that interactive technology gives the educator in the virtual classroom lends itself to unlimited types of uses and methods for delivery of high quality, interactive, sessions. Participants, too, benefit from easy access to the sessions, improved and more accurate note-taking that can be used later for study and reference. This all leads to greater retention of the learning objectives and enhanced or improved application in the field once the participant returns to the office or department.Healthcare professionals should look for educators and learning systems that combine ergonomics with interactive technologies that integrate use the user of free text, annotation, images and video clips with the traditional printed materials. Transitions between screens or programs, linking to the Internet and class sessions, downloading or printing of the course materials and saving of files or information for future classes or reference use should be easy and simple to use. The presentation and delivery of the educational material should be efficient and easy to use and tailored to use by both healthcare professionals that have varying levels of technological skills.Regardless of whether healthcare workers are new to the workplace or seasoned professionals, the learning systems used should assist them with learning new skills, procedures, diagnostic techniques and terminology. Communication between healthcare workers in both local and distant communities is on the rise and the use of interactive technology enables the participants to collaborate and share critical data and information.Interactive technology can also benefit the bottom line and reduce costs formerly associated with travel or staffing and resources to send workers to local, regional or national meetings. Interactive presentations and systems can also attract and hold the participants interest and attention, enhancing their learning and retention gained from the course(s).It is no wonder, then, that interactive technology has gained such a strong and prominent position in the education of healthcare workers. Healthcare workers looking for either online, distance or local training should evaluate the presentation and delivery systems used in order to maximize their learning experience.PUBLISHING RIGHTS:You have permission to publish this article electronically, in print, in your e-book or on your website, free of charge, as long as the author’s information and web link are included at the bottom of the article and the article is not changed, modified or altered in any way. The web link should be active when the article is reprinted on a web site or in an email. The author would appreciate an email indicating you wish to post this article to a website, and the link to where it is posted.Copyright 2005, M. A. Webb. All Rights Reserved

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