Top 10 Insurances By The Metrics

There are a number of ways to classify the size of insurance companies. Companies can be measured by market capitalization (the value of the company on a stock market) or with sales numbers such as net premiums written in a year or how many policies were sold.

Main public insurance after market capitalization

Investors can buy shares in companies listed in the insurance sector. The largest insurance companies from the first quarter of 2014 after market capitalization of the global stock markets are:

Insurance is not related to Health

insurance firms
(Source: Thomson Reuters)
HealthIinsurance and Health Company Administered 

insurance firms
(Source: Thomson Reuters)
Not all insurance companies are publicly traded. In fact, many insurers are structured as mutuals in which the policyholders of the participating strategies are essentially part owner of the company. The model company for a mutual insurance company goes back hundreds of years, and there are certain benefits granted to policyholders who are not publicly traded with securities.

The largest insurance companies sales and product lines

It is useful to distinguish between the type of insurance or line considered when larger insurance companies are considering. With data sales is useful because some of the US largest insurance companies are not publicly traded and hence their market value is not easy to determine.

Victim real estate

Property insurers write guidelines that cover accidents such as real estate, houses, cars and other vehicles. They also write guidelines that deal with the tasks that may arise to these functions through the accident or negligence, covering the cost of litigation or medical damages arising from such incidents.

The first insurance companies owned by the United States in 2013 by booked net premiums (the amount of money that non-life insurance can expect to receive over the term of the contract, less fees and costs) are:

insurance firms
(Source A.M. Best)
Life Insurance Companies

The life insurance companies promise to pay a lump sum to the insured death. Although actuarial science has set death charts to accurately estimate the future liability policyholders have to pay financial power ensures that these companies can meet all their obligations while still making a profit.

The life insurance companies in the United States can be classified by direct premiums (the number of newly concluded contracts written directly and not reinsured). 2013:

insurance firms
(Source: NAIC)
Health Insurance

The health insurance companies offer guidelines to cover all or part of the medical costs and the health of the insured. Guidelines can be purchased individually or by an employer. Technically, the government of the United States managed to become the largest provider of health insurance in America through the Medicare program, social security and Medicaid by individual states. (For more information, see: 5 things you know about Obamacare.)

The health insurance largest in the United States was not sponsored by the government, measured by direct total in 2007 collected premiums were:

insurance firms
(Source: NAIC) Caveat emptor: The sales data of the health insurance funds are from the year 2007, the last year of the available data. The Health Law Affordable (also called "Obamacare") may have changed these positions.

Bottom line

The ranking of the largest insurance companies can take place in various ways. Shares of companies can list a well diversified investment portfolio to help buy that has exposure to financial and healthcare sectors. Identifying the types of insurance companies a company mainly helps to determine which companies are competitors, and they really are not. Regarding the sales figures, or within a year collected premiums, you can also see how public companies compare with private companies or on reciprocity, which form a large part of the industry.

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8 Tips to Save Money Mom's Mother's Day

8 Tips to Save Money Mom's Mother's Day

Know how to spend your money

Create a budget to track what is and what comes. It is one of the best ways to identify areas where you can save money.

There is a difference between need and desire

Every time you make a purchase, ask yourself, is it a necessity or a necessity? And if it is a necessity, is it what you pay, what is it worth?

Avoid impulse purchases

Sales are great, but often perform purchases impulse. If it is something you do not even need or desired, the chances are that you have bought repent and have wasted your hard money.

Do not spend money you do not have

Use your credit card carefully and with discipline to ensure that you do not dig deep into debt. It takes much more time to get out of debt than to get it into it.

If it sounds too good to be true, then it is likely

Do not be deceived or deceived to spend money. Make a lot of questions, and remember if it sounds too good to be true, it is likely.

Start early

Start early, especially save on retirement because the connections of interest and really the amount of your nest egg grows little influence.

They also need to rescue a rainy day's funds and funds from emergency

A rainy day fund is tied for those unexpected bills that are auto repair suddenly a descompuesto dishwasher and an emergency fund for major events such as unemployment. Try to save at least three months of normal life costs to avoid the debt if the unexpected happens.

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Understanding Life Insurance Familiar

Understanding Life Insurance Familiar

1. What does a life insurance trust?

A trust, irrevable life insurance gives you more control over your insurance policies and the money paid for it. It also allows you to reduce or even eliminate ground tax, so more of your estate you can go to their loved ones.

2. What are the basic taxes?

Capital taxes are different and additionally the cost of succession and final income tax for income owed in the year he dies. Federal and state taxes are expensive (historically 45-55%) and must be paid after nine months in cash, normally after his death. Because only few states that have money, it is often necessary to liquidate assets to pay those taxes. But if you plan ahead, you will be reduced or even eliminated.

3. Who paid for land tax?

Your real estate must pay federal land taxes if your net worth is if you die more than the amount of the lease by the Congress at that time. In 2011 and 2012, the federal exemption is $ 5 million (adjusted for inflation in 2012) and the tax rate is 35%. If Congress is not effective before the end of 2012, in 2013 the exemption will be $ 1 million and the maximum tax rate will be 55%. Some states have their own death or inheritance tax so that their assets can be exempt from federal taxes and still have to pay state taxes.
Understanding Life Insurance Familiar

4. What is my network worth?

To determine the current nett value, add your assets and then subtract your debts. Insurances in which you have some "incidents of property" included in your taxable estate. These include measures that may be borrowed, assigned or canceled, or are likely to revoke an order, or the recipient may appoint or change the order. You can see how to pay the life insurance to increase the size of its assets and the amount of land taxes.

5. How to reduce an insurance agency's basic taxes?

The insurance trust has insurance for you. Since you do not personally own insurance or have any incident of property, it will not be included in your condition - so your basic tax will be reduced. (There is a rule of three years for the existing policies, which are explained below.)

With the exemption $ 5 million, you can not need savings now. But it is important to understand how this works because the exemption as 2013 is reduced so quickly, and the value of the net assets can substantially increase at the time of his death.

Please say with a combined net worth of $ 3 million $ 1 million of which insurance is life are married and you and your spouse die if the exemption from land tax is $ 1 million and the maximum rate is tax is 55%. A reversal of tax planning in a trust or life can protect up to $ 2 million in land tax. But their properties would have to pay $ 1 million additional $ 435,000 in land tax. With a confidence, insurance, millions of dollars would not be in their inheritance. That would save your family $ 435,000 in real estate taxes.

6. What if my heritage is greater than that?

If your assets still have to pay ground tax after your insurance is transferred to a trust, you can reduce your tax cost of goods - buy additional life insurance, have confidence. Here are three very good reasons to do this:

If the trust purchase insurance, will not be included in your estate. Thus, revenue that is subject to real estate taxes or income, even tax-free goods.
Insurance proceeds are directly after death. Therefore, their assets will not be paid to pay land taxes.
Life insurance can be a cost-effective way to pay land taxes and other expenses. So you can leave more to their loved ones.

7. How does an irrevocable insurance trust work?

An insurance trust consists of three components. The grantor is the person who creates the trust is you. The successful administrator manages the trust. And the trust beneficiaries will get you names to get the trusteeship after his death.

The trustee purchase with you an insurance as insured, and the trust as the owner and (usually) benefited. If the insurance is paid after his death, increase the trustee funds, provided land taxes and / or other expenses (including debts, legal expenses, inheritance and income taxes that can be repatriated in IRAs and other supplies), and Distribute them to the trust beneficiaries as they have learned.

8. Can I be my own trustee?

Not if you have the tax advantages that we want to explain. Some people appoint their spouses and / or adult children as trustees, but often do not have enough time or experience. Many people choose a corporate trustee (bank or a trust company) because they have experience with these familiar. A corporate trustee will ensure that the trust is managed properly and that the insurance premiums are promptly paid.

9. Why not appoint someone other than the owner of my insurance?

If someone else, like your spouse or adult children, has a policy in your life and dies first, the present value / termination will be in the taxable estate. That does not help much.

But more importantly, if someone loses the political, loses control. This person can change the recipient, take the present value or even terminate the contract, leave it uninsured. You can trust this person now, but could later have problems. The policy could even be established to satisfy the creditors of the other person. An insurance trust is safer; It allows you to reduce your basic taxes and keep control.

10. How can I get control of an insurance trust?

With an insurance trust, the confidence of the policy. The trustee you should select, follow the instructions in your trust. And with his insurance trust as a beneficiary of politics, you will have even more control over income.

For example, your trust may allow the trustee to use a product to make a loan or purchase assets from your property or for void living confidence, liquidity flows, taxes and expenses. You could keep your spouse with income for life and provide the income of the two of their properties. You could keep the money in confidence for many years and the brand the necessary trustee for trust the beneficiaries who may include their children and grandchildren distributions. Sales in confidence remain behind, can protect the courts, creditors (including spouses) and irresponsible expenses.

Conversely, if your spouse or children are beneficiaries of the policy, you will not have control over how the money is spent. If your spouse is a recipient and you die first, the income is taxed in the state of your spouse; This could create a tax problem. In addition, your spouse (not you) will decide who will inherit all remaining money after he or she dies.

11. Are there other advantages to mention the trust as beneficiaries of an insurance policy?

Yes. If you name an individual as a recipient of a policy and this person is put out of action when he dies, the court will probably take control of the money. Most insurance companies do not knowingly pay an incompetent person, and insist, generally on judicial supervision. But if your trust is the beneficiary of the policy, the trustee can use the product without bidding for justice for your loved one.

12. Who can be a beneficiary of trust?

You may want to appoint any person or organization. Most people, their spouses, children and / or grandchildren to appoint.

13. Where does the trust money come from?

You, but in a special way. If you transfer money directly to the trustee, it could be a gift tax. But you can get tax-free annual gifts from makeup to $ 13,000 ($ 26,000 if your spouse joins you) to each recipient of trust. (Amounts can increase at regular intervals for inflation). If you give more than this, surplus applies to the federal gift tax exemption / goods.

Instead of making a gift directly to a recipient, there is the trustee for the benefit of each beneficiary. The Trustee shall notify each recipient who has received a gift on their behalf and, unless the recipient now chooses to receive the gift, the trustee shall invest the funds - to pay the premium on the insurance. Each recipient must understand the consequences of the present take now; For example, you can reduce the trustee's ability to pay premiums.

14. Are there any restrictions on the transfer of my existing policies to a trust insurance policy?

Yes. If you die within three years after the date of transfer it will be considered by the IRS and the insurance is considered invalid in your taxable estate. It can also be a gift tax. Be sure to discuss these with your consultant.

15. Can I make any changes in confidence?

An insurance trust is irrevocable, which usually means that you can not make any changes to it. However, under the uniform confidence code (UTC) and regulations in some states settling, you can make some changes. However, you should read the document carefully before signing trust.

16. When should I place a trusted insurance?

You can hire one at any time, but because trust is irrevocable, many people wait until they are between 50 and 60 years. Until then, family relationships have generally been solved. Do not expect too much; They can not be insurable. And remember, if you have the confidence to transfer the existing policies, three years after the transfer will live their validity.

17. Should I seek professional help?

Yes. If you believe an irrevocable insurance trust worth for you and your family would be to talk to an insurance professional, lawyer inheritance planning, corporate trustee or CPA who has experience with these.

18. The Benefits of a Life Insurance Trust

  • It provides instant cash to pay land taxes and other expenses after death.
  • Reduces land taxes to unlock their heritage.
  • Cheap way of inheritance tax.
  • The sales avoid will and are free of income tax and wealth.
  • It gives you the maximum control over the insurance policy and how revenue is used.
  • It can provide without the insurance product income to your spouse, in the estate of the spouse.
  • It prevents the court from controlling the insurance product when the recipient is put out of action.

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Ontario Approves Insurance for Overweight

Ontario Approves Insurance for Overweight

Drivers can be a little more along the way, according to the company, after the province on Thursday approved an insurance that covers passengers pay.

The plan, approved by the Ontario Insurance Supervisory Authority this week, is complete with legal hovering overdrivers. It also makes Ontario's second Canadian booth is given to Alberta's approval of a policy of tailor-made services to provide driving groups despite concerns about unbalanced schemes and the cost of taxi drivers.

The Ontario Financial Services Commission (FSCO, for its abbreviation in English) said that the "cover fleet" of Intact Insurance "eliminates the expulsion from paying passengers" and addresses them to a "critical gap insurance" for the industry. The new plan includes liability to $ 2 million, according to Intact.

"This new shared travel insurance approved by the CSFO as a practical solution should help to shape careers," said CEO of Uber Canada, Ian Black, in a statement.

Last week began Intact coverage for overtors in Alberta offers and both companies work with Quebec to get insurance for private vehicles carry paid passengers.

"We assume that other insurers will follow suit in the future," the Commission said.

The new policy covers all drivers, co-drivers and owners of vehicles, except driver UberEats, when the application is used. If the application is disabled, start is the insurance personal car vehicle owner.

Not everyone sees the change in policy as an effective solution.


"This is another false advertising, smoke and mirror," said Rita Smith, executive director of the Toronto Taxi Alliance.

"These (UberX) drivers are not covered at this time, they were covered last night, they will not be covered by July 15" when a scheme requiring coverage is required.

About he says about the business policy bought enter intact and "automatically" applies to "all drivers driving community" trip.

Smith said, however, that drivers still buy UberX policy independently.

"If MLS (Municipal Licensing and Standards) really takes the application of the law seriously and enforces drivers as if they were the taxi drivers, they will leave masses," Smith said. "They will be from a sinking ship like rats."

Intact senior vice president Karim Hirji insisted, Uber, the company buys the policy.

"We are selling the policy over, paid for the premiums," said Hirji. "No matter who the driver is, as long as the journey is made in the Uber platform, this trip is covered by our policy."

Above requires drivers to buy personal auto insurance from any provider. It is up to the driver to warn the insurer driving under the flag.

Tracey Koch, head of the licensing city, said in an email that the city is "pleased that there is a product available that meets our requirements and sufficient coverage for passengers and drivers of private transport vehicles".

The new rules for the new class of private transport companies (PTCs) use a basic rate for taxis certification by PTC and opportunity to share higher cut racing rates Surge standards.

The rules are planned for implementation on July 15.

Mayor John Tory said he supported the proposed provincial regulations, Tory spokesman Siri Agrell said in an e-mail.

"What the whole 'show that you have' - MLS have full access to driver records, insurance certificates including," Agrell said.

He added that the staff recommends that the Council municipal officials require standards "test applicable insurance ... on request" to see.

Since the first appeared in 2012 on the streets of Toronto, Uber, based in San Francisco, has struggled to soothe the reaction of Toronto and anchored taxi drivers in other cities.

Mississauga banned virtually the company this year before a pilot program on the ride.

A new law in Quebec requires over-buying expensive taxi licenses. The company went from Calgary, after the city's strict regulations, at the beginning of this year. And in March over exposed operations in Edmonton, after the city regulations approved wider insurance.

"Through the system of auto insurance in Ontario modernization, Ontario insurers provide more comfort to the passengers by car and its driver.The joint business travel is provided so that the potential to promote economic growth, promote productivity and innovation" , Said Finance Minister Charles Sousa, in a statement.

Correction - July 8, 2016: In this article edited by a previous version, Philomena Comerford, President and CEO of Baird MacGregor was removed from the insurance, which is referred to as a plan of previous insurance, not presented this week.

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How does your policy surplus work?

The car insurance premiums can be a real pain in the portfolio - especially for young drivers - so most of us are produced, everything will keep costs low.

How does your policy surplus work?

Of course, there are all the usual things we can do, and make sure that never renew the quote of our insurance will automatically accept and always provide other insurance companies to compare what. But many of us do not think of changing our surplus, although this will have a great impact on the cost of coverage.

Surplus is little of any insurance claim you must pay yourself - then when we talk about the engine cover, home insurance or travel insurance.

There are two parts of the surplus. There will be a compulsory or mandatory part, which is no other choice, but has to pay, and a voluntary part to the size of which you can decide an amount. Therefore, your policy might be a forcing over £ 150, but you can choose another £ 150 voluntary surplus which, in the case of a claim, will cost you a total of £ 300.

If quotes compare the channel MoneySupermarket.com auto insurance, you can see both the compulsory surplus and voluntary surplus. Once you have chosen the policy you want, and go through the respective location provider, it is at this moment that the voluntary surplus level can be adjusted.

The higher the voluntary surplus you pay, the lower your premiums because the insurer will not pay so much in the event of a damage. But a word of warning, if you plan to keep their very high surplus in order to keep premiums low, make sure you still make a claim.

Imagine how irritating it would be to have an accident and to know you have an insurance in place, but you can not bump the cost of the excess, so it is impossible to get the car back on the road too get.

Another problem with the voluntary surplus adjustment is very high meaning that you can never just be able to make a claim to incidents. Therefore, if you have a prang in your car and put back £ 500 to fix, would be useless to claim a claim because the excess is twice the cost of repairs. Now this could not be a problem if it happened once but could be considered very frustrating in the end if you have a few incidents in which no financial sense claim.

Also remember that some insurers do not allow you to push excess too high - or at least help reduce the premium in dependency, so always check what the maximum limit is allowed (ie, taking into account for the above reasons , Not necessarily useful to choose them). When I checked in, the typical limit seemed to be around £ 500, which seems a reasonable amount - much more than likely to be prohibitive for most people.

And if you are a younger driver, remember that there may be an additional excess of excesses about their voluntary and compelling. Some insurers beat as much as other surplus of £ 400 if you are under 21 years and make a claim, or about £ 200 if you are between 21 and 24 years old, check if this is the case before your voluntary Excess to how the last thing you want to meet with unexpected unpleasant financial surprises is when you need to claim.

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Can you move in insurance sales in 2016?

Can you move in insurance sales in 2016? A career in insurance sales can be a real venture with previous sales experience, even for someone. While the most successful agents in the nation earn more than $ 1 million a year, many of those who sell insurance are sold within a year to sell.

While sales of life insurance has the reputation of entering a simple field, which is not always the case. In the office of New York Life Insurance Company in South Florida, Managing Partner Greg Jensen reviewed the applications of 1,300 people in 2007, but 45 only as a sales representative.

"Many companies are trying to convince candidates that your business is great and everyone will win $ 100,000," says Jensen. "We asked: Is this a suitable career for the candidates? We do extensive job interview do help candidates know if this is the right career choice for them?".

Can you move in insurance sales in 2016?

Most Likely You Will Succeed

Who also travels in insurance sales? Realtors, mortgage agents, teachers, sales rep copiers and car sales specialists, answers Jensen. "Those who have the ability to position themselves and the network, are the good ones to find a career recession proof and those with deep relationships need to have in their communities the best chance of success," he says.

Sonia Montana, New York Agent in Miami, fits this description. Left his job as a real estate broker in 2005. "I've had a great database of clients that trusted me and I liked them," he says. "I knew I could offer another product."

The hours in the insurance sector can be better than the real estate, mortgage and car sales, all of which require salespeople regularly at night and on weekends. "Since real estate brokers are more involved with their families, they want the flexibility that we offer," says Jensen.

Different Origins, Similarities !

Successful sales staff from agencies outside the sales area also says Dan Strubberg, Head of Recruitment and Development Agency for State Farm Insurance in Bloomington, Illinois. "These people are fighting for recognition, they are competitive, they like the risk of a company where success and hard work thrive and want people to help solve the risks of everyday life," he says.

Other professionals often make the transition to insurance sales include nurses and managers of the bank branches. Some educators take work with plans as a means for one year to work 18 months and then become further educators of professional development full-time, says Jensen. Bank managers who want a leadership position like insurance, you can start your insurance career as an agent and then move on to the track management. In the company of Jensen, a partner or manager who has an agent was able to earn between $ 60,000 and $ 100,000 per year (with the initial salary equal to the last 12 months of commissions).

But not All Sales are Equal

When people make a transition to sales, they assume that because they sold in an arena, they can sell so easily into another. But this is not necessarily the case of the insurance industry. The transition can be particularly difficult for those coming from a position of incoming sales - for example, leads generated for telemarketing for DIY enthusiasts. Those who are used to create your own customers through personal networks contacts and jump to insurance marketing is a shorter, more secure career jump.

In order to be successful, a new means must generate a minimum amount of sales in the first year. In New York life, the result is $ 18,000 in the commission of the first year, without grants paid in New York Life their new agents. At the end of the first year, about 40 percent of employees Jensen will be able to achieve this goal. 60 percent can not let go. This may seem bad chances, but the retention rate is significantly higher than the general rate of sources of industrial insurance sales by 12 percent to 14 percent.

In the final analysis, those who are successful in insurance sales come from many backgrounds, but they share some common features. Are self-discipline and entrepreneurs can play with rejection and are proactive network builders.

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