How to Deal With Life Insurance Claim Denial
Life insurance claim denial can be a terrible experience if you are a beneficiary trying to stake a claim for receiving a life insurance policy payout. Many beneficiaries assume that if and when the time is right, as long as the insured’s policy was in force, the claim will be paid in short order by the life insurer. This is, in fact, typically how it works, and strong and well-established life insurance companies will typically pay out claims in a very timely manner–within two weeks and often in just several days.But, you should never make the mistake of thinking that life insurance companies don’t do any kind of investigation before they pay out a claim. They aren’t going to just throw away their money in the event of something like insurance fraud. They need to see documentation of proof of the insured’s death, and that means that as a claimant you’ll need to present them with a copy of the death certificate and the insurance policy. Truth be told, if the deceased had a policy with a good life insurance company and you can present the proof of their death, the company will be able to look up the policy number in their databases and, as long as there is no reason to possibly deny the claim, they will probably pay you even if you’ve lost the policy. But once again, life insurance companies aren’t going to be taken in by hucksters; and let’s remember, their money is largely that of their clients, who have all agreed to pay premiums to pool resources against risk.So, why might a life insurance company deny your claim and refuse to pay you? Well, if you haven’t got the necessary documentation, they could tell you that they won’t pay you. You should try to have the policy (or policies). You will also need the copy of the death certificate and personal ID. Now, if the death of the insured happened in two years or less from the time the policy was issued, the death certificate you get from the funeral home, morgue, or hospital might not be enough to convince them. This is because virtually every life insurance policy has a two-year exclusion clause with regards to suicide–that is, if the insured committed suicide within two years after the policy was issued, the insurance company doesn’t have to pay the claim. The reason for this essentially universal life insurance industry practice is to prevent people who are planning on suicide and/or the potential beneficiaries who may be maliciously planning on that person’s suicidal tendencies for their own gain from basically ripping off the insurance company and the company’s clients. So, if a person dies within two years or less after they get their policy, the insurance company is probably going to scrutinize that death far more closely. Even if this does not result in a denied claim, it could very well delay the payout.But the most prominent reason why a life insurance company denies a claim is on grounds of “material misrepresentation”. It is state law that governs insurance practice, but in the great majority of states material misrepresentation clearly means that the insured answered a question on the insurance application which, if that question had been answered truthfully, should have resulted in the insurance company denying insurance coverage, either in the amount applied for or entirely.A material misrepresentation can either be a lie or a “sin of omission”. It might include falsified application information on:
* Use of tobacco
* How often and how much you typically drink alcohol
* Employment and/or employment history
* Income level
* Lifestyle
* Questions about personal health and/or medical historyIf you are applying for life insurance, just tell the truth, the whole truth, and nothing but the truth. You buy life insurance to protect those you care about. If you really care about them, think about them when you are applying and don’t jeopardize their chances of getting their claim paid in the future.
5 Things You Should Know About Business Loans
After working for companies and in corporate settings under the direction of someone else for multiple years, many people often get the inclination to open their own business. While this can be a very rewarding worthwhile practice, often times it can be financially impossible.Enter business loans. Business loans can help you get the start you need so that your new business venture can get off the ground. This said, business loans are not a “get out of jail free” solution, as they come with both pros and cons. Here are five things that anyone who is thinking about applying for a business loan should think about.CREDIT MATTERSAnyone who is thinking about applying for a business loan better be sure that their credit is in good standing. Business loans are often for large amounts of money, and no bank or lender is going to take a chance with someone whose credit score is less than admirable. Before applying for a loan, make sure that you have good credit, and do all that you can to improve inadequate credit if you find yourself in that boat.INTEREST HAPPENSNo matter where you acquire a business loan from, you are almost always going to have to pay interest. This can occasionally be small, but more often than not is quite sizable. Many people take loans without caring about the interest, but it adds up quickly and can ruin your business down the road. Always try to get the lowest interest rate possible when applying for a loan.SHOP AROUNDOn that note, it is important not to jump into the first loan that you are offered. Shopping around for loans can save you thousands of dollars in interest and will also give you an idea of how you stand with lenders. Be sure to go to at least five lenders before choosing the right loan for you.NEVER MISS A PAYMENTWhen it comes time to make payments on your loan, be sure that you never miss a payment. Missing payments can result in many things, most often an increase in interest. This can be incredibly damaging to a fledgling business.KNOW YOUR LENDERIt is important to have a personal relationship with the bank or person that is lending you money. Spend some time getting to know them so that you feel comfortable the entire way through the process.
Getting a Commercial Business Loan the Smart Way
Ever walked into a bank requesting a commercial business loan? Wouldn’t it have been nice to know ahead of time what your options were and how to qualify?In fact, being on the same page with the lender only helps the loan process to go more smoothly. When you go about getting commercial loans the right way, you can get exactly what you want and need.Let’s consider first things first. It’s important to know what constitutes a commercial business loan. Even though bankers have their own definition, the answer ultimately depends on you. For example, ask yourself, “Do I need…- A loan to buy, refinance or renovate commercial property?- A loan secured by other assets such as inventory, receivables, or equipment?- An unsecured business loan?- A cash advance (which is actually not a loan at all)?- Or something altogether different?”An experienced commercial loan specialist is skilled at assessing the best loan product available to meet your needs.Let’s imagine that you need a loan to purchase, refinance, or renovate a commercial property. (By the way, examples of commercial property might be multi-family dwellings, retail storefronts, office buildings, warehouses and the like.)Would you be curious about the easiest and most cost effective way to finance the deal? You might want to know credit score requirements and the amount of down payment you’ll need to qualify.Just like with any other loan, you’d likely expect a loan process that begins with an application and ends with a closing. Would you be concerned about how to excel through each phase of the process? Here are some questions you might ask:Your Questions…1.) Where can I go to get my question answered?2.) Where should I look for commercial business loans?3.) Can I find someone who is willing to hold my hand throughout this complicated business loan process?Real Answers…1.) Where can I go to get my question answered?Most would choose to go first to their local bank that carries their deposits. Others might look to their financial planner or accountant for guidance.However, these sources are often limited in their ability to secure financing sources that match your specific situation.For example, the local bank may expect you to have perfect credit along with a significant amount of deposits. They may not offer commercial loans without personal guarantees or without pre-payment penalties.2.) Where should I look for commercial business loans?Conversely, an established loan specialist will have access to a large number of banks and non-bank lenders who are more flexible and are willing to compete for your business.You can expect your loan officer to be able to point you in the right direction on where is the best place to apply based on your specific circumstance.3.) Finally, can I find someone who will be willing to hold my hand throughout this complicated business loan process?Yes, Indeed! Talk to your commercial business loan specialist. He or she will know which lenders…
Do NOT require perfect credit scores
Require less documentation
Close fast
And more
In fact, they’ll likely encourage you to get all your documentation together before ever approaching a lender. That way you’ll be in a position to know up front if you qualify. In essence, you’ll greatly decrease the stress of worrying about being turned down.A considerate loan officer will take the time to answer your questions and communicate with you throughout every phase of the loan process. Work with a good one and you’ll be prepared, confident, and most likely, approved.
What to Do If Your Business Loan is Approved
Your business loan is approved. Congratulations! It’s one of the most exciting phone calls you can receive as a business owner. It means that your business has received the financing that you’ve desired for opening your new business or expanding your existing business. Obviously, a celebration is in order! However, before popping open that bottle of champagne and proposing a toast, remember a few key rules before signing on the dotted line and picking up your check.- Thoroughly review all loan documents, and understand what they mean before you sign and accept the loan when your business loan is approved.If you don’t understand something on the loan documents when your business loan is approved, ask the lender to explain. If you feel that the explanation was not clear, ask for further explanation, or ask that you receive a copy of the paperwork to take with you so that you can review, read, and research. Consult your attorney or accountant if you have questions.- Return all required documents to the lender on time when your business loan is approved.When your business loan is approved, there will be a number of documents and required paperwork that the lender will need before you can close on the loan. Your proposal and ideas were obviously impressive enough to the lender for them to them to tell you that your business loan is approved. Keep up that good impression that the lender has of you by promptly responding to requests for additional documents, information, and credit references. Once your business loan is approved and your money is in your account, you’re your time and review your business’ situation with care.- Turn to your business plan.Review the goals and objectives of your business, and review the information that you gave to the lender. The lender was impressed enough to offer you the money for your business – impressed enough that your business loan was approved. Refresh your memory regarding your business. Read your business plan weekly to keep these ideas continuously in your mind so that you can stay focused. Remind yourself daily why your business loan is approved.- Turn to your loan proposal.Yes, turn to your loan proposal. It seems odd to consider the loan proposal now that your business loan is approved, and now that the money is in hand. However, recall the reasons why you wrote the loan proposal and why you applied for the loan. The loan proposal served the purpose of demonstrating to the lender that you are a trustworthy, business-minded, energetic, responsible individual with a great idea for your business. The proposal also stated the items that would be purchased with the money. Review the ideas behind obtaining the loan. Keep your self-esteem levels high, and work only to succeed. Purchase only the items listed in the loan proposal, and use the money for nothing else when your business loan is approved. To find business success, stick to your initial goals for the loan, and maintain financial control of the money. Remember, you have not won the lottery. This money needs to be repaid in a timely manner.Additionally, lender communications are very important, and much appreciated by the lender, when your business loan is approved.- Maintain close contact with the loan officer when your business loan is approved.Before you close on the loan, keep in touch with the loan officer to let that person know of your progress in gathering your final information needed to close. After closing, check in periodically with the loan officer to fill him or her in on how things are going with your business. When your business loan is approved, the lender has a vested interest in both your personal and business success, and will appreciate your efforts in keeping communications open by offering current information about your business. Keeping the line of communication open will allow you to possibly take advantage of the lender’s other services, which may be needed by your business down the road.- Communicate any business problems to the lender immediately.Lenders don’t like surprises, particularly if it involves bad news. Be honest, and if you’ve run into a snag, inform the lender before anyone else. If you prosper, the bank will prosper. If you fail, the bank fails. By being open and honest if something doesn’t work out after your business loan is approved, the lender may be able to offer solutions or assistance to help you resolve your problems and get back on track. Hiding the problems, or worse yet, ignoring the problems or becoming elusive will only make the lender leery of you and your business, and may jeopardize your credit scores, or worse, your reputation as a business owner.
How Will A Gambling Addition Effect You?
Gambling addiction is a growing problem for people all across the world. Whether it is gambling on sporting events, horse races, table games, or the increasingly popular poker games, the result can be the same. Certain people can gamble all day and it will never affect them. They will never feel like they are losing control no matter how much money is won or lost. Then there are the problem gamblers. They are usually good people, but they turn into degenerates when it comes to gambling. Most of their issues are either competition based or money based and their problems can become extremely large if problem gambling is not checked.
Compulsive gamblers who suffer from gambling addiction have as difficult a time with their condition as people with smoking, alcohol, or drug addictions. It doesn’t matter if they are winning or losing, either. Gambling addiction can make people feel just as terrible when they are up as when they are down. It is when those gamblers hit rock bottom that the real problems occur, though. When money is owed to different sources, people will do just about anything to get it. This can lead to crime, dishonesty, and a whole host of social problems that will simply compound the problem gambler’s awful set of circumstances.
There are not a whole lot of cures for gambling addiction. One cannot just go into the store and purchase a pill to kill gambling addiction. Instead, mental issues must be worked out in order for a person to shake the habit. Hypnosis has been proven to be a good remedy for gambling addiction. Hypnotherapy is not just something that they portray in the movies. It is a real treatment for many problems that people experience such as addictions.
Like most hypnotherapists, I have been using hypnosis to stop a bunch of different problems. Most commonly, people come into my clinic in search of help for different addictions like smoking and alcoholism. Recently, I have been taking on more cases for gambling addiction, though. With the raging popularity of poker on television and gambling in general, there are more people who struggle with gambling addiction. When it seems like all hope is lost, that is when hypnotherapy can work the best. If you are struggling with a gambling problem or any other issue and you think hypnosis could help, then you need to get information on the process and begin to change your life, today! It’s the best decision you can make in getting rid of your gambling addiction.
British Gambling Survey Reveals No Increase In Gambling
Over the past few years casinos and online gambling in the UK have been subject to many newspaper stories, leading many to believe that an increased number of people were gambling, with the possibility of a large proportion succumbing to gambling addiction. However, the recently released British Gambling Prevalence Survey 2007 has proven otherwise, surprising those who held preconceptions about the numbers of gamblers in the UK, as well as gambling trends.
Many hypothesized that the survey would indicate a huge increase in the amount of gambling taking place, with special emphasis on those who chose to wager their money online. However, the survey revealed that actual gambling figures for the year have remained almost at the same levels as they were back in 1999, proving that the anticipated increase in gambling numbers hasn’t materialised and suggests that there are not as many problem gamblers as previously thought.
The number of ways people can gamble has certainly increased in recent years, with the huge variety of scratch cards available, as well as new casino openings and the advent of online gambling. In fact, the number of online gambling websites has increased massively in recent times, along with the variety of games available to play and the ease at which users can wager their funds on these websites. It was this area increase in particular that led many to speculate on the potential gambling addiction problem in the UK.
The report shows that around 32 million adults have participated in some form of gambling activity within the past year, which includes the National Lottery and the instantly gratifying and readily-available ‘instant win’ scratch cards. Of these people only 6 percent placed wagers online, while only 3 percent gambled online by playing poker or casino [http://www.pfgames.com/casino.aspx] games or placed bets with a bookmaker using the internet.
These facts are probably surprising considering the amount of press that online gambling has received in the past, especially since the survey also revealed that the number of “problem gamblers” is a mere 250,000 people – accounting for less than one percent of the total number of gamblers.
Of course there has been a lot of feedback from politicians and religious groups as well as the general feeling of the public. Although the study reveals many facts about the gambling situation in the UK, there is always more room for debate to consider the effects gambling has on society and on those who develop problems. As the debate stands in the aftermath of the report however, it looks as though the laws regulating gambling will remain untouched although there will probably be further inquiries into the regulation of online gambling.
Online Gambling May Be Cut Off By New Legislation
There is a new law waiting to be signed by President Bush which was presented to Congress that is holding the $12 billion online gambling industry by a thread. It appears that Tennessee Senator Bill Frist, introduced the bill on Saturday by joining it to the Safe Port Act before Congress took its election recess in November.
The Unlawful Internet Gambling Enforcement Act that is expected to be signed by President Bush, will practically finish off all online gambling sites by making it illegal for any bank, credit card company or online payment system to process any payments being made to online gambling companies.
The new law states that Online Gambling sites are now banned from accepting any type of check, credit card or electronic transfer payments for internet gaming in the US and seriously puts the industry in chaos.
Surprised at the passing of this new debilitating law, the leaders in the online gambling industry took drastic measures and started to trade off stock on the London Stock Exchange which erased $8 billion from the industry. PartyGaming, the world’s biggest online gambling site said that they would cease their ties with the 920,000 active US customers they currently have only when Bush actually signs the new act.
Although the new law hasn’t yet been signed, the industry is already being drastically affected. PartyGaming’s stocks alone have dropped 60% ending up at a measly .81 cents a share. Other sites like SportingBet and 888 Holding were also affected by the change and have since lost a lot of money on their shares. 888 Holding, for example, had a 48% decrease on their shares dropping them down to $1.42 on the British Market and announced that it was going to no longer continue its online gambling business in the United States.
This isn’t the first Act, however, that has given the federal government power to break down the online gambling industry. Under the 1961 Wire Act, the federal government has the right to brake down online betting in sports, poker and other casino games that are considered to be illegal under the law.
This is seriously debilitating the industries economy because the US consumer market is responsible for 50-60% of the online gambling revenue. These critical laws against the online gambling site owners are forcing companies to shut down or move out but what’s clear is that they are no longer welcome in the United States.
The Madam Chairman of the Interactive Gaming Council, Sue Schneider, has predicted that over 500 companies running around 2,300 online gambling sites around the world will be facing extinction and will most likely be wiped out of the industry all together. The small number of companies that manage to live through this incredible crisis will have to live with a huge cut back on their revenue and figure out new ways of growing again. The idea of opening up in the Asian market has become a favored idea for many.
Whatever the case may be, companies have 270 days after the bill is signed to figure out their plan of action before the U.S. Attorney General Alberto Gonzales decides how the law will be enforced.
Paton Marketing: Quality Solutions for Effective Internet Marketing
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Our online marketing strategy constantly thrives to get desired results for the clients. Our SEO campaigns cover all critical and diverse factors ranging from on-page, back link, content to website design. All SEO aspects are covered with the simplified three phase approach of Plan, Optimize and Track to strategize, execute and report SEO campaigns.
Miami Marketing Agency uses expert knowledge in a range of marketing services to help bring our clients’ websites to unprecedented levels of success. Through effective online marketing strategies and our expert SEO services, we can help turn your website in to your business’ most powerful lead generator. Google, like many other search engine ranks pages based on certain criteria. To start with, the quality of your site matters a lot.
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Internet marketing is much more than site creation. It requires precise marketing techniques and tools across the board. Without our professional assistance, your website will simply fail to generate essential web traffic. Web marketing also entails weekly progress reports. This includes web traffic, along with the number of hits your site secures on a weekly basis.
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