What is Insurance?

What is Insurance?

Insurance allows those to care for themselves in opposition to major prospective sufferers and monetary poverty at a sensibly reasonably priced rate. We say "important" because if the would-be failure is petite, then it doesn't put together sense to give a first-class to defend beside the failure.

Insurance is suitable when you feel like to save from harm adjacent to a major monetary defeat. If you are the main employed person in your home, the defeat of profits that your relations would know-how as an outcome of our early death is measured a large defeat and poverty that you should care for them alongside.

 It would be very hard for your relatives to swap your revenue, so the monthly premium guarantees that if you pass away, your earnings will be replace by the insured total the equivalent law apply to various added forms of assurance. If the likely failure will have a harmful result on the individual or individual, Insurance makes good judgment.

Definition of Insurance

Definition of Insurance

INSURANCE is a business to separate risks, risks such as ,so it bring a person or a company this and that damage, insurance is to separate risks by many others money who buy insurance. And the collecting money may as investment bank, may investment to some financial area such as fund, stocks in investment market. Same as investment banking job.

Perhaps one of the issues contributive to the rising value of insurance stems from the actual fact that a lot of people have lost sight of the meaning of insurance. once you ask someone what is necessary to them concerning their insurance, you may typically hear things like 'good preventative care benefits' or 'low copays for workplace visits and prescriptions' or 'low deductible.' once we inform those that they will save plenty of cash on premiums by choosing a higher deductible with less coverage for the regular expenses, they typically respond by expression something like "what's the purpose of getting insurance in the least if you are still attending to be paying for all of your own doctor visits?" Or they will say "Well, I ne'er have $2000 price of medical expenses in an exceedingly year, therefore with a deductible that top, it would not even be price having insurance."

The problem with this logic is that folks area unit thinking of insurance premiums as direct payment for AN equal-value service. once you purchase a automobile, if you pay $10,000, you'll be able to expect to finish up with a automobile valued at $10,000. Insurance could be a completely completely different trade goods. you are paying premiums for AN intangible profit, ie. the peace of mind of knowing that if you ever do have a health crisis, it will not leave you bankrupt. Insurance is AN contract, that by definition means that 'depending on AN unsure event or contingency on each profit and loss.' this is often why you'll be able to pay comparatively low premiums compared with the potential profit - as a result of each you and also the underwriter understand that the chance of you needing the profit is low.

So so as for insurance to figure because it was designed, you have got to be willing to shop for a policy hoping that you're going to ne'er got to use it, and knowing that the premiums you pay can solely offer you a tangible profit within the unlikely event that you just have a significant unwellness or injury. The intangible profit, having the ability to sleep at midnight as a result of you recognize you have got AN insurance safety internet in situ, is that the one that brings you daily peace of mind.

When individuals begin to expect insurance carriers to hide expenses that they understand they will be acquisition (ie, maternity, preventative care, etc.), insurance begins to lose its unpredictable nature. It then becomes a tangible product, therein individuals area unit paying premiums and totally expecting to appreciate short-run financial advantages. Insurance corporations area unit usually for-profit entities. therefore you recognize they don't seem to be giving shoppers something for gratis. If we tend to area unit shopping for insurance and totally expecting it to hide planned events, we've to acknowledge that the price of these services is enclosed in our premiums.

Health Insurance

Health Insurance

In these days health care is more and more the subject of the day because of the discovery of many diseases and illness that lead us to death. We can't forget that now the medical field had improved itself due to discoveries for the immunity of the human being. We can see in the market more and more products involved in improving health care. Some products add some vitamins and some other items indicate that it using this product isn't harmful for our health. We cannot deny that health care is important especially with all the pollution and the chemicals that we smell every day that will cause a change in the environmental aspect and will create more and more illness.

Health care is now days adopted more and more there are many factor that can push a person to take care of herself or himself. Girls take care of them self to be more beautiful and that is how they try to improve the physical aspect and shape of their bodies to appear more attractive. Sport is very important because it improve the shape and it clean all the bad infiltration that we can be victim people use also the sauna as a treatment that can relax and give a deep breath for our system the sauna remove all the bacteria in our body due to the high temperature in the room the other treatment for health that is useful and important it is the massage, the massage is a treatment that plays a role on our articulations and our nerve system so that it function better.

Life Insurance

Life Insurance

Life insurance is a great convenience to families when a cherished loved one passes on. It is a nice crutch to help the family cope with the death, and in a lot of cases cover the costs of a proper funeral. Unfortunately there are some people who try and milk the system and to abuse life insurance policies, or others who have feelings of entitlement. But unfortunately not every person in this world is good, and the 3 percent of people who abuse the system is not enough to ruin a great asset for the 97 percent of people who truly need it. A life insurance policy is basically a monetary value placed on some one’s life. As long as the person pays the insurance company a monthly premium in case of an accident or emergency that resulted in their death, the insurance policy would be paid to a designated loved one.

There are some people out there who are appalled by the idea of assigning a monetary value to the worth of someone’s life, but for most life insurance is a great convenience to families when a cherished loved one passes on. it is a nice crutch to help the family cope with the death, and in a lot of cases cover the costs of a proper funeral. Unfortunately there are some people who try and milk the system and to abuse life insurance policies, or others who have feelings of entitlement. But unfortunately not every person in this world is good, and the 3 percent of people who abuse the system is not enough to ruin a great asset for the 97 percent of people who truly need it.

General Liability Insurance

General Liability Insurance

Well, Liability insurance basically covers any loss or damage to a third party. The loss or damage can be inflicted physically on a person and/or in relation to property. For example take a working scenario on a building site. If a worker gets injured and that worker has followed the correct procedure to the letter and was not provided with the proper tools to complete the job (i.e. a hard hat or a stable ladder). Then the company would have to pay for the damage or loss incurred by the employee.

A property example can be found in the car rental business. Many car rental companies have an excess limit of X amount of money. This limit is the maximum the customer has to pay if there is any loss or damage to the vehicle. The customer has a duty of car to that vehicle. On the other hand, the customer can pay to take out insurance at a premium to cover any loss or damage they may suffer in the event of an accident whereby the company have the duty to cover any loss or damage they may suffer in a physical sense.

Agriculture Insurance

Agriculture Insurance

Agriculture has always depended on the weather and the climate.  There has always been a danger of flood, drought or storms, however recently they have become even more frequent than before. It is a result of many different climate changes which we can observe nowadays. They all cause troubles for farmers and ranchers. For these reasons agricultural producers try to protect themselves and agricultural insurance is one of the possible ways to help them. Besides helping when there is a natural disaster, agricultural insurance also helps to protect against the losses caused by the declines in the prices of the commodities. Some risks are covered by the insurance offered by private commercial insurance companies and the other risks are covered by the state insurance programs.

In some countries there is a very developed and complex agricultural insurance program and government is involved in it. If the agricultural production is decreased, it influences also other areas of the economy and that is the main reason why the governments participate and support this kind of insurance. Agriculture is one of  the pillars of the economy in a lot of countries. Another reason why the governments support it is the development of the countryside which cannot be done without agriculture.

However it is very important to support the agricultural insurance, the legislation and the rules must be prepared carefully to make it fair. A supervision and control should be included.The basic areas covered by the commercial insurance usually include the insurance of corps and livestock. Corps can be usually insured
against the fire, frost, whirlwind, flood or other natural disasters.Livestock is usually insured against the infections, illnesses, accidents or even damages caused by the natural disasters. Another area of the agricultural insurance is the insurance of the equipment used by the farmers and ranchers. But as mentioned above, there are also programs which help to avoid losses which could be caused by the changes in the prices of the different agricultural commodities. These are usually covered by the state insurance programs.

Agricultural insurance is necessary for the successful and profitable agricultural policy. And effective agricultural policy leads to effective national economy and national growth. It must be a common interest of governments, insurance companies and agricultural producers.

Life Insurance

Life Insurance

Well with Life Insurance, the younger you are the cheaper the policy is per month, of course it deals with your health too. My policy was taken out when I was born, so I pay $25 every 3 months for a $25,000 payout. At any time you can cash out for a fraction of what its worth. Most people use the money from a loved one to pay for funeral costs, or paying off what debt they might have had.

Car Insurance

Car Insurance
With car insurance, it's mandatory in the US. Your policy pays for the damage of the person that hit you. If someone hits you who doesn't have any vehicle insurance, your policy has to pay for both yours and the others damages.

You can get discounts for good driving, whether you are a safe diver, sometimes what your personality is (like if you're an aggressive person or not)

Vehicle Insurance

Vehicle Insurance
With vehicle insurance, you generally get a number type policy, like 25/50/10. The 25 means your insurance company will pay out up to $25,000 worth of injury to each person, the 50 means that if the cost of injury is above $50,000, then you're responsible for the rest for out of pocket costs, the 10 means that your policy will cover $10,000 of property damages, like if you hit the other car or you hit a mailbox, something like that. This is just an example by the way. Of course your rates will probably skyrocket if you get in an accident.

Swiss Insurance

Swiss Insurance (health and vehicle) is mandatory in Switzerland. Each person can specialize their policies based on what they do in life from their job to their recreational activities. I know that each person is required to pay 10% of their health costs, the rest is covered by the policy.

I think most don't include accident insurance, but it has to be purchased separately. Businesses can also get protections because they are treated as people under the same Swiss policies. If a policy holder or business needs to file for bankruptcy, each of their policies are considered safe from it.

Medical Healthcare Insurance

Whenever we listen or read term Healthcare or Medical Healthcare or Medical Healthcare insurance we usually come up with thing some kind of health insurance which is of no use for us . The basic reason behind is that we in a year fall ill or prone to disease once or twice that can be treated only by our nearest physician or chemist shop or by taking some pills that also in cheap . So why to pay in this why to take Medical Healthcare Insurance which is costly and starts payment after some time.

But this wrong perception which we had in our mind . The terms Healthcare in Medical Healthcare Insurance  means:-
The prevention, treatment and management of illness and the preservation of mental and physical well being through the services offered by the medical and allied health professionals.

But still these things can be done if we assign local doctor living nearby to our house. Basic definition of Healthcare will not explain you why to take Medical Healthcare Insurance . The word Care in Medical Healthcare Insurance means a lot in our daily life .

Care is the one that mother do for a child, father do for family, government do for citizens, a good friend do to his/her friend and so on . Still care means a lot like services rendered by members of the health professionals for the benefit of a patient .

Admission care in the nursing interventions defined as facilitating entry of a patient into a healthcare facility.
Adult day care a Medical Healthcare services provided for adults with a disability or illness who need partial care and companionship during the day when family members are working or otherwise unable to stay at home with disabled persons.
Ambulatory care healthcare services that are provider on an outpatient basis.
Cesarean section care in the nursing interventions classification defined as the preparation and support of a patient delivering baby by cesarean section.
Emergency care defined as life saving measures in life threatening situations

Now the idea comes up in our mind why to take Medical Healthcare Insurance . This just like that visiting to dentist , you know you should do it but you avoid it till your last breath . Health insurance is an absolute necessity for every individual - young or old .

A Medical Healthcare Insurance is a way of ensuring you and your family against any financial contingency arising due to an unforeseen medical emergency. The average life span of an individual has increased owing to improved medical facilities and increased awareness about one's well being . However at the same time
healthcare and medical costs have also moved like rocket. Also there has been an increase in incidence of medical problems due to lifestyle like stress and eating habits.

You may also like to read Why you need Medical Healthcare Insurance? Please read

Medical Healthcare and Medical/Health Insurance

Now come big picture in Healthcare industry and this is Health Insurance . Many of us know something about Health Insurance but almost everyone has something that they may not know.

Health insurance is insurance against the risk of incurring medical expenses among individuals. By estimating the overall risk of health care expenses among a targeted group, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to ensure that money is available to pay for the health care benefits specified in the insurance agreement.

A Health Insurance policy is:

1.A contract between an insurance provider (e.g. an insurance company or a government) and an individual or his/her sponsor (e.g. an employer or a community organization). The contract can be renewable (e.g. annually, monthly) or lifelong in the case of private insurance. The type and amount of health care costs that will be covered by the health insurance provider are specified in writing, in a member contract or "Evidence of Coverage" booklet for private insurance, or in a national health policy for public insurance.
2.Insurance coverage is provided by an employer-sponsored self-funded ERISA(Employee Retirement Income Security Act) plan. The company generally advertises that they have one of the big insurance companies. However, in an ERISA case, that insurance company "doesn't engage in the act of insurance", they just administer it. Therefore ERISA plans are not subject to state laws. ERISA plans are governed by federal law under the jurisdiction of the US Department of Labor. The specific benefits or coverage details are found in the Summary Plan Description. An appeal must go through the insurance company, then to the Employer's Plan Fiduciary. If still required, the Fiduciary’s decision can be brought to the US Department of Labor to review for ERISA compliance, and then file a lawsuit in federal court.

The individual insured person's obligations may take several forms:

Premium: The amount the policy-holder or his sponsor (e.g. an employer) pays to the health plan to purchase health coverage.

Deductible: The amount that the insured must pay out-of-pocket before the health insurer pays its share.

Co-payment: The amount that the insured person must pay out of pocket before the health insurer pays for a particular visit or service.  A co-payment must be paid each time a particular service is obtained.

Coinsurance: Instead of, or in addition to, paying a fixed amount a co-payment, the co-insurance is a percentage of the total cost that insured person may also pay.

Exclusions: Not all services are covered. The insured are generally expected to pay the full cost of non-covered services out of their own pockets.

Coverage limits: Some health insurance policies only pay for health care up to a certain dollar amount. The insured person may be expected to pay any charges in excess of the health plan's maximum payment for a specific service. In addition, some insurance company schemes have annual or lifetime coverage maximums. In these cases, the health plan will stop payment when they reach the benefit maximum, and the policy-holder must pay all remaining costs.

Out-of-pocket maximums: Similar to coverage limits, except that in this case, the insured person's payment obligation ends when they reach the out-of-pocket maximum, and health insurance pays all further covered costs. Out-of-pocket maximums can be limited to a specific benefit category (such as prescription drugs) or can apply to all coverage provided during a specific benefit year.

Capitation: An amount paid by an insurer to a health care provider, for which the provider agrees to treat all members of the insurer.

In-Network Provider:  A health care provider on a list of providers pre-selected by the insurer. The insurer will offer discounted coinsurance or co-payments, or additional benefits, to a plan member to see an in-network provider. Generally, providers in network are providers who have a contract with the insurer to accept rates further discounted from the "usual and customary" charges the insurer pays to out-of-network providers.

Authorization: A certification or authorization that an insurer provides prior to medical service occurring. Obtaining an authorization means that the insurer is obligated to pay for the service, assuming it matches what was authorized. Many smaller, routine services do not require authorization.

Explanation of Benefits: A document that may be sent by an insurer to a patient explaining what was covered for a medical service, and how payment amount and patient responsibility amount were determined.

How can you get Health Insurance Medical Insurance?

Before Buying Health Insurance Medical Healthcare Insurance one must prepare a questioner in his/her mind or should have at least some questions in their mind about why to choose this plan? What is the difference between these two plans ? What benefit I am going to get by opting this plan ? What special is in this plan ? like ways .
I had prepared a list which you may ask to your agent or to health insurance medical insurance company before opting any plan .
We basically know we have plans like Fee for Service Healthcare Insurance Plan, HMO Medical Healthcare Insurance Plan, PPO Health Plan.

 Before opting Fee-for-Service Health Insurance Plans

*How much is the monthly health insurance premium?
*What will your total cost be each year? There are individual rates and family rates.
*What does the health insurance policy cover? Does it cover prescription drugs, out-of-hospital care, or home care?
*Are there limits on the amount or the number of days the health insurance provider will pay for these services? The best fee-for-service health insurance plans cover a broad range of health care services.
*Are you currently being treated for a medical condition that may not be covered under your new health insurance plan? Are there limitations or a waiting period involved in the health insurance coverage?
*What is the health insurance deductible? Often, you can lower your monthly health insurance premium by buying a health insurance policy with a higher yearly deductible amount.
*What is the coinsurance rate? What percent of your bills for allowable services will you have to pay
*What is the maximum you would pay out-of-pocket per year? How much would it cost you directly before the health insurance company would pay everything else?
*Is there a lifetime maximum cap the health insurance provider will pay? The cap is an amount after which the health insurance company will not pay anymore. This is important to know if you or someone in your family has an illness that requires expensive treatments.

Before opting HMO Health Plans

*Are there many doctors to choose from in the HMO plan? Do you select from a list of contract physicians or from the available staff of a group practice? Which doctors are accepting new patients? How hard is it to change doctors if you decide you want someone else?
*How are referrals to specialists handled?
*Is it easy to get appointments? How far in advance must routine visits be scheduled?
*What arrangements does the HMO have for handling emergency care?
*Does the HMO offer the health care services you want? What preventive services are provided? Are there limits on medical tests, surgery, mental health care, home care, or other support offered?
*What if you need a special service not provided by the HMO?
*What is the service area of the HMO?
*Where are the facilities located in your community that serve HMO members?
*How convenient to your home and workplace are the doctors, hospitals, and emergency care centers that make up the HMO network?
*What happens if you or a family member are out of town and need medical treatment?
*What will the HMO health insurance plan cost? What is the yearly total for monthly fees? In addition, are there co-payments for office visits, emergency care, prescribed drugs, or other services? How much are they?

Before opting  PPO Health Plans

*Are there many doctors to choose from in the PPO health insurance plan? Who are the doctors in the PPO network? Where are they located? Which ones are accepting new patients? How are referrals to specialists handled?
*What hospitals are available through the PPO? Where is the nearest hospital in the PPO network? What arrangements does the PPO have for handling emergency care?
*What health care services are covered by the PPO plan? What preventive services are offered? Are there limits on medical tests, out-of-hospital care, mental health care, prescription drugs, or other services that are important to you?
*What will the PPO health insurance plan cost? How much is the premium?
*Is there a per-visit cost for seeing PPO doctors or other types of co-payments for services?
*What is the difference in cost between using doctors in the PPO network and those outside it?
*What is the deductible and coinsurance rate for care outside of the PPO?
*Is there a limit to the maximum you would pay out of pocket?

Above mentioned questions are some questions which one must definitely ask or get to know before opting any plan . Now comes the question you have opted best available option . Now still you are not sure that you will get maximum benefit from your Medical Healthcare Insurance plan. Below is the thing which we always think after paying for something in this case maximum benefit after opting Health Insurance Plan.

How to Get the Most from Your Health Insurance Plan?

*Stay informed; read your health insurance policy and member handbook. Make sure you understand them,       especially the information on health care benefits, coverage, and limits. Sales materials or health insurance plan summaries cannot give you the full picture.
*See if your health insurance plan has a magazine or newsletter. It can be a good source of information on how the health care plan works and on important policies that affect your care.
*Talk to your health benefits officer at work to learn more about your health insurance policy.
*Ask how the health insurance plan will notify you of changes in the network of providers or covered services while you are part of the health care plan.


Take Charge of Your Own Health Care

*Ask your doctor about regular screenings to check your health. Discuss your risk of getting certain conditions. What lifestyle choices and changes might you need to make to lower your risks or prevent illness?
*Ask health care questions and insist on clear answers.
*Ask about the risks and benefits of health and medical tests and treatments. Tell your doctor what you like and dislike about your choices for health care.
*Make sure you understand and can follow the doctor's instructions. You may want to bring another person along or take notes to help you understand things.

Keep Health Records

*Write down your concerns. Start a health log of symptoms to help you better explain any health problems when you meet with your doctor.
*Set up health files for family members at home. This will help you to monitor health care. Include health histories of shots, illnesses, treatments, and hospital visits. Ask for copies of medical lab results. Keep a list of your medicines, noting side effects and other problems such as other drugs and foods that should not be taken at the same time.

If You Have to Go to the Hospital
The time to find out what rules your health insurance plan has on hospital care is before you need it.

Planned Hospitalizations
Unless it is a medical emergency, your health insurance plan or primary care doctor will probably have to give advance approval (pre-admission certification) for you to go to the hospital. Otherwise, the cost of your hospital care may not be covered. Ask these questions:

*What hospitals are part of the health insurance plan network?
*Is there a limit on how long I can stay in the hospital?
*Who decides when I am to be discharged from the hospital?
*Will needed follow up care, such as nursing home or home health care, be covered by the health insurance plan?
*If I have a serious medical problem, will the health plan provide someone to oversee my health care and make sure my needs are met?
*Ask how your health insurance plan handles getting a second doctor's opinion on whether surgery or another medical treatment is needed. Are second opinions encouraged or required? Who pays?

Emergency or Urgent Care
If you have a true medical emergency, you should go to the nearest hospital as fast as possible. It is important for you to know what kinds of medical problems are defined as emergencies and how to arrange for ambulance service, if needed. Most health insurance plans must be told within a certain time after emergency admission to a hospital. If the hospital is not part of the health insurance plan network, you may be transferred to a network hospital when your condition is stable. Ask these questions:

*How does the health insurance plan define "emergency care?
*What conditions or injuries are considered emergencies?
*How does the health plan handle "urgent care" after normal business hours?

How do I get urgent care or hospital care if I am out of the area?

•How do I let the health insurance plan know, and how soon after I get the care?
"Urgent care" is for problems that are not true emergencies but still need quick medical attention. Check with your health insurance plan to find out what it considers to be urgent care. Examples may include sore throats with fever, ear infections, and serious sprains. Call your primary care doctor or the plan's hotline for advice about what to do. The health plan may also have urgent care centers for members.

If You Are Dissatisfied with Your Healthcare
Getting the best health care and services means understanding how your health insurance plan works, what your rights are, and how to complain if you need to. You have the right to get copies of test results as well as medical information about yourself. If you are in a managed care plan, you can ask to change your primary care doctor if you are unhappy with the relationship. You may also be able to switch health insurance plans during open enrollment.

Most health insurance plans have an appeals process that both you and your doctor may use if you disagree with the health plan's decisions. If your health care plan refuses to provide or pay for services, you can complain or file a grievance about any decision you feel is unfair-or you can appeal it.

You can contact the member services division of your health insurance plan for more information or to complain. Use your health plan's complaint process fully before taking other action. Be sure to keep written records of:

*All correspondence with the health insurance plan
*Health insurance claims forms and copies of bills
*Phone conversations: the date and time, the people you speak with, and the nature of each call

Insurance Assurance?

When I worked at an abortion clinic we had a laundry list of questions we asked clients when making their appointment. The standard question went like this, “do you have Medicaid, military status, or private insurance?” We spend a lot of time in this blog or in other abortion’y type news sources discussing Medicaid, abortion funds, and clients’ all-around inability to pay. But what about those who have private insurance? It was very common for women to be surprised that private insurance was an option, mainly because abortion is so completely stigmatized and compartmentalized that no one assumes it would be covered by their policy; abortion has become so moralized and fraught that we forget it is a medical procedure that deserves coverage just like an appendectomy or cardiac bypass.

Quick and dirty: Private insurance that is employer-based (as it currently stands) can and often covers “elective termination.” However, an employer can restrict this coverage and many do (back in my clinic days: Walmart and Cracker Barrel to name a few). When an employer-based policy DOES offer coverage, there is often a deductible (can be up to a few hundred dollars) or there is a co-pay (usually no more than $100, but can depend what type of facility the procedure is done in). Usually it is much cheaper to use private insurance than to pay out of pocket. However, we had a slew of clients who didn’t want to use their insurance. Sometimes they were afraid their employer would find out. Sometimes I think they just did not want any sort of official record of their abortion.

We should take a few steps back though, because using private insurance is never as simple as swiping a card. In fact, some of the smaller insurance companies we worked with were near impossible to nail down in terms of the costs that a client would have for a deductible and/or co-pay. Or, in the case of employers that only provided coverage for rape, incest, or fetal anomalies, it could take weeks before we got approval or even just a basic response for what a client needed to pay up-front. We would urge clients to call their insurance companies themselves and find out the fees but ultimately someone from our clinic needed to call and confirm the costs, which resulted in endless hours on the phone and bickering with insurance companies over whether or not someone was covered. And yes, we did sometimes encounter the lovely insurance company reps that were easy-breezy to work with and who supported abortion and you never felt like they were rolling their eyes or begrudgingly giving you info that you were legally entitled to.

I’m bringing this up because myself and a few close people in my life have recently tried to navigate the world of private insurance and come up against some significant barriers. I’ve been given three of four different quotes on costs from different sources and I’m still not entirely sure I paid the correct amount for a procedure I had. A friend received bills for services he assumed were covered because at the time of care he called his insurance company to confirm. Now, I like to think that I’m pretty literate when it comes to health insurance, yet I have become so frustrated with receiving care and the confusion over costs that it makes me want to ignore my health altogether just to avoid this HOT MESS that we call health insurance coverage.

Moving forward as we continue to fight for universal health care we must recognize that access to insurance is not enough. There needs to be education around how to navigate the system and also health insurance literacy so that all consumers maximize their benefits. Insurance companies are businesses and they are not incentivized to throw any of us a bone, in fact they will do everything they can to take advantage of us who don’t know how to use our benefits.

la Insurance

la Insurance

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Auto Insurance Quote Review

Have you thought about asking for a free auto insurance quote on the internet? Are you concerned because you may not know anything about the company providing the quote? Are you wondering how you can find out about the reputation of the company giving you a quote, especially when it comes to paying out claims?

This article will tell you how to find out about insurance companies: their financial stability and how many consumer complaints they receive, how to ask for a quote so you can compare apples to apples, and results of online quotes from eight known auto insurance companies.

How to find out the stability of an insurance company

The financial stability of a company is rated by A.M. Best and Standard & Poor's. These companies provide an independent opinion of an insurance companies ability to meet its ongoing policy and contract obligations. The A.M. Best rating is expressed as a letter grade from A++ (the highest) to D. It is recommended that you do not work with companies rating B or lower. The Standard & Poor's Ratings range from triple A (the highest) to CC. It is recommended that you do not work with companies rating lower than BBB.

How to find out individual policy holder satisfaction with an insurance company

Annually J.D. Power and Associates gathers data from policy holders nationwide regarding policy options, pricing, automated phone service and overall satisfaction, with the insurance company providing their insurance. The best rating is 5.

How to Find Out the Number of Consumer Complaints

The Department of Insurance for each state provides the general public with consumer complaint ratios. This ratio helps the consumer to identify the number of complaints per number of claims filed. A maximum of forty companies are compared. If more than forty insurance companies have complaints, only the forty companies with the most complaints will be compared. It is recommended that the complaint ratio be checked in three or more states to identify specific insurance company trends. A ratio of less than one hundred is better than average.

How to ask for a quote so you can compare apples to apples

A response to the following information must be decided before asking for an auto insurance quote:

    *Car make, model, year, current mileage
    *Deductible amount for collision, comprehension and liability
    *Coverage for medical
    *Purpose for using the car
    *Miles driven per year
    *Number of designated drivers
    *Drivers ages


What is the result of performing the above steps?

The Auto Insurance companies used for this Auto Insurance Quote Review are 21st Century, Allstate, Esurance, Geico, Nationwide, Safeco, The Hartford. These companies were selected based on longevity in the business and their familiarity to consumers throughout the United States. The stability, consumer overall satisfaction (Sat.), policy options (Opt.), price (of premium) and automated phone service rated as follows.

J.D. Power and Associates

Insurance Co. AMBest S&P Sat. Opt. Price Phone

21st Century A A 3 3 4 2
Allstate A+ AA- 3 3 3 3
Esurance A- n/a n/a n/a n/a n/a
Geico A++ 3As 3 4 4 3
Nationwide A+ A+ 3 3 2 3
Safeco A A- 3 2 2 3
The Hartford A AA- 3 3 4 3

The number of consumer complaints for these auto insurance companies rated as follows in the states of Illinois, Minnesota, Missouri, Texas and Kentucky.

The Complaint Ratio for Five States

Insurance Co. IL MN MO TX KY

21st Century n/a n/a n/a 199 n/a
Allstate 55 130 130 165 19
Esurance n/a 212 212 455 0
Geico 33 149 128 132 116
Nationwide n/a 76 76 131 0
Safeco 29 117 117 71 25
The Hartford 29 n/a 454 200 54

The Auto Insurance Quote Sample

The following information was used for all quotes:

    *2006 Toyota Camry 4dr v6 engine LE
    *50,000 miles
    *Driven under 9000 miles per year
    *Used for pleasure
    *$100 Deductible for comprehensive and collision
    *$250,000/$500,000 Liability & collision
    *$10,000 medical
    *One car and two drivers


Auto Insurance Quotes

The following six month policy quotes were received from each of the companies listed below:

Company Quote

21st Century $237.68
AllState $392.00
Esurance $343.00
Geico $260.10
Nationwide $415.40
Safeco $281.00
The Hartford $375.00

Ways To Lower The Premium

Most insurance companies will offer discounts for the following events:

   * Save driving record for 3 - 5 years
   * No minor infractions for 3 years
    *Anti lock devices installed in your vehicle
   * No DUI for the last 3 - 5 years
   * License not suspended for the past 3 years
    *Good credit rating
    *Car owned rather than leased or financed
    *A second vehicle is also insured
    *Other types of insurance is also purchased from them

High risk drivers can expect to have a higher premium. Not all insurance companies will insure them. In addition when a high risk driver has an accident, the insured can expect difficulty when attempting to get the vehicle repaired using car manufactured parts. Generally auto insurance companies will pay only for the cheapest parts available.

Some insurance companies offer a lower premium for the first year as an enticement to encourage you to get your auto insurance coverage through them. So always ask about the second year premium price.

avoid rental car insurance fees

How to avoid rental car insurance fees :  It makes me crazy whenever I rent a car, and the agent highly recommends I get the "collision damage waiver," or CDW. They tell me it's $15 to $25 per day.

With rates like that every day, they must think I'm a drunk who always drives on the wrong side of the road. Have they even checked my driving record? So, I never get it. Why? Because my insurance agent told me I'm already covered, and many of us are. Besides, I rent the car using a credit card, which also provides rental car insurance.

Is that extra fee sometimes recommended by rental car agents really necessary?

Typical Coverage*
Item	Rental Insurance	Personal Insurance	Credit Card
Damage to rental car	Yes	Yes	Yes
Damage to other cars	No	Yes	Possibly
Damage to property	No	Yes	Yes
Damage to people	No	Yes	Possibly
Deductible	No	Yes	Yes
Theft	No	Yes	Yes

A little pre-planning with your insurance agent can get you to say what I say: "No, thank you. Your daily rate is outrageous.", "I think a lot of people don't know" about coverage, says Don Bennett, owner of Sage Insurance in St. George. "That's the biggest problem. Every time someone rents a car, they're just not aware of what the coverage is."

Bennett says most people don't pay for the extra insurance and take the chance that they won't get into a wreck.

"It's much better to ask a few questions in advance and know where you stand should an accident occur," Bennett says.

The car rental agencies offer what's called a collision damage waiver. It covers damage to your rental car at rates from $15 to $25 every day. But it doesn't cover the damage to other cars, property — or, worse, people. And neither will your credit card.

That's why you should ask your insurance agent about whether the liability from your personal auto insurance will extend to your rental car. In most cases, it will.

"If you don't have comprehensive and collision coverage, the only coverage is property damage and bodily injury, through your negligence," Bennett said. "If you do have comprehensive and collision, that will extend as well."

But your deductible also extends to the rental car. If you have a $1,000 deductible on your personal car, that will also be the case with your rental. That's where your credit card comes in handy.

"Your credit card insurance would pick up that first thousand dollars in damage for you," Bennett said.

Here's another fee car rental agencies tack on after an accident: the "loss of use" fee. They'll zing you for every day the car was in the shop and they couldn't rent it out.

Now, the rental agency's own collision damage waiver covers that. But it's another question you should ask your insurance agent first.

"If your personal auto insurance doesn't pay loss of use or administrative fees, your credit card rental insurance may pay those," he said.

Discover Card does not, but Visa, Mastercard and American Express do. But here's the thing: The rental agencies have to show they didn't have other cars available to replace the damaged one. I know from experience they won't always tell you that, while tacking on the fee. They once told me it was standard practice in the industry. Here's another thing to consider: theft.

The collision damage waiver won't cover you if your rental car gets stolen, so see if your own auto insurance or credit card will cover that. If you are covered for theft, your policy might also say if you are careless with your own car or a rental, you're not covered.

"Like any personal vehicle, you want to lock the doors, take the keys out, that sort of thing, otherwise you run the risk of not having that coverage," Bennett said.

Here's another thing: If you wind up buying that car rental-offered overpriced insurance, you may actually be hurting yourself when it comes to credit card insurance. Bennett says credit card companies find out if you bought that rental insurance, and then the credit card won't have to pay.

If you do use your credit card and expect insurance coverage, the credit card must be the one issued to the primary renter of the car. If you rent a pick-up, SUV or luxury car, credit card insurance won't work — but still your personal insurance might.

best Term Life Insurance to option

best insurance stock - best type of life insurance to option : Search around the web for the best type of life insurance, and you’ll find lots of financial advisers who say, without hesitation, that term life insurance is best. While I generally agree and have term life insurance myself, the right answer for each individual is not always that easy.

The truth is that with life insurance, as with many financial products, “best” is a relative term. The question isn’t, “Which is best overall and for all time?” The question is, “which type of policy is best for me?”

The best life insurance is the one that suits your needs based on your current and predicted future financial situation.

Here, we’ll talk about the major types of life insurance – term, return-of-premium term and permanent – and look at the pros and cons of each. Then, you can decide which type of life insurance is best for you.

Term Life Insurance: Most Recommended Option

The American Council of Life Insurers says that term life insurance policies accounted for 3.7 million new policies totaling $1.1 trillion in face value in 2011. That’s nearly three-quarters of the face value of all individual life insurance policies issued in 2011.

That’s not surprising, given that most financial professionals (at least the ones who don’t get hefty commissions from selling permanent life insurance) say term is best.

And, in many cases, term life insurance is the best option. With term life insurance, you pay a set monthly premium for a certain amount of life insurance coverage for a certain amount of time. You might get $500,000 of insurance for 20 years, or $2 million for 10 years, depending on your circumstances.

But the key to term life insurance is that it’s for a set term and that the payments don’t change. Here are some of the pros and cons of term life insurance:

China Life Insurance expanding business 2013

best insurance stock - China Life Insurance expanding  business 2013 : China Life Insurance Co. (LFC) will primarily focus on expanding its life insurance business this year despite growing pressure due to slower sales in the sector, President Yang Mingsheng said Thursday.

The company will also eye investment opportunities in state-backed projects in regions like the Yangtze River Delta and the Zhujiang Delta, Mr. Yang said at a press briefing after the company reported a 40% drop in 2012 net profit late Wednesday, citing a "decline in investment yield" and an "increase in impairment losses resulting from continued weakness in capital markets."

Net profit for the 12 months ended Dec. 31 was 11.06 billion yuan ($1.78 billion) compared with CNY18.33 billion a year earlier, China's top life insurer by premiums said.

Mr. Yang also said bancassurance sales are likely to continue falling this year as insurers face increasing competition from bank products such as high-yield wealth management products.

China Life's vice president Liu Jiade said local stock markets may see some improvement this year, which would help improve the company's investment yield as well as bring down impairment losses.

Investment income for 2012 rose to CNY80.01 billion from CNY64.82 billion, while investment yield fell to 2.79% from 3.51%, and impairment losses more than doubled to CNY31.05 billion from CNY12.94 billion, it said late Wednesday.

7 Tips For Better Insurance!

Purchasing flood insurance is not something you want to rush,” notes David Beavers of the Water Damage Team. “To properly protect your investments you should take the time to properly prepare before purchasing flood insurance, as rates limits and coverage alter drastically between insurance companies. To help you prepare for your search, please enjoy the following list of tips for finding the right flood insurance.”

1. Assess your Home’s Risk
A nation wide insurance company stated that one third of the flood claims they get come from homes not in a flood prone area. It’s important to consider your real risk for a flood of any kind, and how high if a risk it is. Depending on your homes propensity to flood, the policy you choose should adjust to it accordingly. You can go to the governments flood site, FloodSmart.com, to get a better idea of your homes risk for flooding as well as some estimates for price ranges you should be expecting.

2. Don’t Wait
It takes awhile to finalize the process of getting flood insurance, and if a flood occurs during that process it’s not likely that you will receive coverage. If you are considering this type of insurance, then make sure you plan to purchase it well before flood or even rain season. Unfortunately, the majority of homes in Louisiana had no flood insurance during hurricane Katrina, and government handouts only go so far.

3. Educate Yourself on Limits
Before signing anything, make sure you know your home well and they type of flood damage it could incur. Then carefully evaluate your flood insurance proposal and make sure you are fully covered for any and every area of concern. While some insurance companies have limits to the amount they’ll refund you for damages, some will cover your home and it’s possessions to the full extent. Do not be afraid to ask questions, express concerns, or criticize rates and limits. This is your home, life, and family you’re dealing with so it’s okay to be a little pushy to make sure you’re getting what you want when you pay for it.

4. Ask About Rate Increases
No one wants to think about their rates increasing in the future when they’re first taking on a new bill, but it is important to remember that your flood insurance rates could very likely rise and you will be expected to pay the difference. Luckily, now that you know this you can take a look at rate limits for each insurance company you consider, and factor them in.

5. Preparation is Key
The more knowledgeable and prepared you are when choosing flood insurance, the more likely you are to make the perfect choice for you. Before going in to question agents, make a list of things you’d like to ask and know. It’s easy to get flustered and forget important things when you’re talking to a smooth talking insurance agent who knows how to make a sale. Know what exactly you’d like protected from a potential flood (just the home, or all possessions or vehicles as well?) and what your budget is. Look online before going out to et a good idea for insurance rates for your area.

6. Ask Neighbors
Don’t be shy to ask neighbors and friends living nearby if they have flood insurance and which company they purchased it from. Make sure to ask multiple questions from overall satisfaction, to reliability and rates. The best reviews are from the customers themselves as opposed to the company trying to sell their stuff.

7. Do Not Rely on Handouts
Although it’s true people living in high-risk areas have the right to government aid in a natural disaster, they aid is very limited. Very limited. If you live in one of theses areas and thus think you don’t need insurance, know that you’ll receive some help but you may lose your home and possessions in the process, as the government is not likely to replace them.


The Water Damage Team is a nation wide disaster restoration company, with years of experience in water removal and water drying. As well as storm damage clean up, contaminated water removal, structural drying, debris removal and mold remediation.

How to : Save money on Car Insurance

Auto insurance is essential by all licensed people but many don't learn how to find the very best rates obtainable. Being complacent and purchasing insurance without thoroughly investigating your options or maintaining a similar car insurance for the remainder of your life could mean that you will be paying too much for your car or truck insurance. Comparability shopping, ensuring that you will be receiving each of the discounts you qualify for and keeping a clean record are just some of the dollars saving ideas that could save you a bundle on insurance.

Comparison buying car insurance, even when you finally are previously insured, cannot be underestimated. It is crucial that people investigate all your options ahead of choosing an insurance provider to ensure you are receiving the best possible rate on your car insurance. There are so many factors regarded in insurance policies including where you live, your record, your get older and the kind of car people drive only to name a number of. With these types of factors to contemplate, it is incredibly possible that might be that there is a car insurance provider who offer a considerably lower price than other providers.

Even once you've secured insurance for the car, it is wise to periodically check the actual rates of which other providers offer. Car insurance plus your circumstances usually are perpetually changing and you may find that this provider that is willing to present you the very best car insurance rate differs periodically. Many insurance providers present you with a host associated with discounts on their clients who qualify for these discount rates. These discount rates can connect with your record, safety highlights of your car, your get older or other factors.

These discounts may result in a tremendous benefits on your car insurance policy but while insurance companies offer these types of discounts, they don't always advertise them. This means that you will find to carry out research to determine what type of discounts you might qualify for. Carefully, review your car insurance policy to ascertain which discounts you are already receiving after which contact your car or truck insurance provider must other discounts that could be available. One example is if your record is without requiring accidents or perhaps tickets, you might qualify for the good motorist discount.

Likewise, if your car or truck has particular safety features including daytime working lights, you can even qualify for insurance discounts. Your real age can likewise qualify you without a doubt car insurance discounts. Some insurers also offer you discounts to those who insure their house with a similar company while they insure their car. Enjoying this form of discount could save you money in both your car or truck and household insurance. Knowing the discounts that you can get and ensuring that you will be receiving these types of discounts, can save a lot of money on your car insurance.

Finally, maintaining some sort of clean record is critical to receiving the very best available insurance rate. As it is true that every car insurance provider is unique inside factors that bring about lower prices, the 1 factor which is consistent amongst all companies of insurance is a clean record is critical in your rate. Although accidents are often unavoidable, it is actually imperative you adhere to all or any traffic regulations knowning that you get safely continually. This will certainly reduce how many traffic violations you incur as well as the number associated with accidents you cause. Following the following pointers will assist you to maintain some sort of clean record that could keep the money necessary for your insurance low.

Many people lament having to pay their monthly insurance bill because they feel that the insurance isn't necessary. Although insurance is some sort of financial impediment that appears superfluous, it does settle if you are ever in a serious car accident that possesses significant personal ramifications. For this reason, you must not consider allowing your car or truck insurance in order to lapse and it's recommended you search diligently to get the best obtainable rate on your car insurance.

best life insurance policy to buy

best life insurance policy to buy : Choosing the best life insurance for your situation can be daunting.  With so much conflicting information, this article will go over the differences so that you will be better informed and can choose the right policy.

Many people avoid investing in life insurance simply because they imagine the costs as being too high for their budgets. Fortunately, there are a wide variety of insurance policies available for every set of needs and budgets. A lot of companies will give you an instant term life insurance quote on their website for free. Insurance providers provide death benefit payouts ranging from as little as a few thousand dollars all the way up to a few million. Most providers offer more affordable term life insurance policies—term policies have low premiums and payout death benefits for the duration of a specific period.

If cheap life insurance with low premiums isn’t a priority, the majority of life insurance providers feature coverage plans that accumulate cash value over the life of the policy. With global, universal and whole insurance it is possible to configure lucrative benefits packages that payout death benefits and can be cashed out or borrowed against like equity.

What to Look for in a Life Insurance Policy

Policy Benefits
All insurance policies are different. We evaluated insurance providers largely on the variety and flexibility of the life insurance policies they offer. From five year term life insurance to variable universal policies, our leading picks for life insurance providers provide comprehensive coverage for every set of needs.

Pricing and Premiums
Premium payments are going to be different with different providers depending on risk factors such as your health, lifestyle, age and occupation. In general, insurance providers receiving a high score on our site gave more lucrative term life insurance rates than competitors regardless of age or lifestyle.

Additional Services
Life insurance is a must, but there are many other services we expect to see available in addition to, or as an alternative to, life insurance. Annuities, retirement planning, estate planning, mutual funds and plans tailored for small business are services we expect from the best providers.

Customer Support
Red tape and poor customer service are the last things a grieving family member wants to deal with. Our top picks for life insurance provider boast excellent customer service, approach claims in a timely and professional manner and go out of their way to meet customer expectations.

The Best Life Insurance Policies ?

Term Life Insurance
Term life insurance is typically the best policy for most Americans since it allows you to have the most amount of coverage for the lowest price.  Some of the most outspoken advocates for term life are the popular financial advisors you see on TV; Susie Orman, Dave Rasmey and Clark Howard.  The strategy with term life insurance is to buy term and invest the rest yourself.  Most people have their major obligations for a certain period of time 10-30 years.  After a certain period of time, usually the mortgage is paid down or paid off, the children are grown and your future income won’t need to be protected in the same capacity as it does today.  Term life insurance will be the best solution if this describes your situation.

Term life insurance lasts for a designated period of time.  The term period for most companies range from 10, 15, 20, and 30 years and the rates do not change during this time.  Also, there is no penalty for cancelling the policy early.

Whole Life-Universal Life
Whole life insurance is a policy that remains in effect for the policy holder’s entire life. Generally speaking, the policy will remain active as long as the owner continues to pay the policy premiums.  Due to the cost, this type of policy is more optimal for estate planning and for other instances where permanent coverage is needed.

No-Exam Life Insurance
Life insurance that does not require a health exam is going to cost you a lot more than if you did the exam.  This type of policy is ideal for someone who doesn’t have the time to do the medical exam and doesn’t mind paying the extra premiums.  These clients typically need a policy in a hurry to cover a divorcee decree or they may be worried about doing the physical.  Also, do not mistake no-exam life insurance for no-underwriting.  The underwriting on a no-exam policy is very strict and not as favorable as if you did the health exam.

Accidental Death
Accidental death policies only pay out the death benefit you if you die as result of an accident. Typical classifications of accidents include but are not limited to: auto accidents, poisonings, falls, fires and chocking. Deaths from natural causes such as heart disease, cancer and old age are not covered under an accidental death policy.  This type of policy is good if you are traveling, have a dangerous occupation, and have medical problems that will exclude you from getting traditional life insurance.  It’s typically cheaper than term life since the policy only covers accidental deaths.

Wrap Up
Since life insurance is going to be one of the most important financial purchases you ever make to protect your loved ones, choosing the right policy is paramount.  Don’t let an overzealous agent talk you into buying a policy that you don’t need just so he can receive a larger commission.  Work with an experienced agent that will have you and your family’s best interest at heart.

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small businesses will no longer pay national insurance contributions 2014

UK small business insurance - small businesses will no longer pay national insurance contributions 2014 : Up to 450,000 small businesses will no longer pay national insurance contributions from next year, the chancellor claimed on Wednesday in what he described as "the largest tax cut in the budget".

But even as George Osborne set out measures intended to boost cash-strapped small businesses, he faced criticism for not holding off on planned increase in business rates.

He introduced an employment allowance which removes the first £2,000 off the employers' national insurance contributions, which he said was taking a "tax off jobs".

The allowance will cost almost £6bn over five years, and means that a third of all employers in the country are paying "no jobs tax at all", said the chancellor.

"For the person who's set up their own business, and is thinking about taking on their first employee – a huge barrier will be removed. They can hire someone on £22,000, or four people on the minimum wage, and pay no jobs tax," he said.

But the tax change is not expected to come into effect until next year, and the cut to corporation tax for big business to 20% by 2015 brings the rate into line with the one small business are charged for the first time since 1973.

Roy Maugham, tax partner, at accountants UHY Hacker Young, warned that the unification of the corporation tax rate could have implications for small businesses. "The concern is that small businesses will be tripped up by what is not explicit in the budget. Currently, companies on the main rate will pay corporation tax in quarterly instalments, while smaller companies will pay once a year. Unifying the rates implies that small companies will now be expected to pay corporation tax every quarter," Maugham said.

While the Forum of Private Business welcomed the change, the lobby group's head of policy Alex Jackman said: "Our only disappointment with this is that it's 12 months away, and that's a mighty long way off".

Jackman had hoped for a reduction in business rates – which will have risen 13% in three years after April's planned 2.6% rise. Retailers reckon this could cost £175m a year.

"Ask any small businesses what they wanted to see from this budget and many will have said: 'action on business rates'," added Jackman.

The British Retail Consortium, which represents high-street stores, had also hoped for action on business rates: "Pressing on with a third-successive substantial business rates rise is very disappointing. Freezing rates would have made a real difference to our troubled high streets and the communities that rely on them."

With lending to small businesses down 25% in real terms since its peak in 2009, and almost 10% lower than in 2006, small businesses were also eager for information about the business bank that has been advocated by the business secretary, Vince Cable.

More details are due to be unveiled on Thursday when it is expected that the government will concede that the state-backed bank will not become a fully-functioning entity until autumn 2014 while it waits for state aid approval from Europe.

Until then, it will operate from Cable's department for schemes that do not need state aid approval and is likely to reiterate that no additional funding on top of the £1bn allocated to the business bank will be made. But details of how the funding will be allocated is expected to include £75m of venture capital and £25m to extend the existing enterprise capital fund programme.

Cable, who has also been pressing for changes to the existing funding for lending scheme intended to reduce the cost of borrowing for small businesses, regards the business bank as the central plank of his industrial strategy.

Little detail was provided about how the funding for lending scheme, operated by the Bank of England, might be tweaked to have more of an impact on encouraging lending to small businesses.

Osborne also pressed ahead with his plan to create a John Lewis-style employee share ownership by allowing workers to surrender employment rights in return for shares worth up to £50,000 in their companies. Even as the plan was defeated in the House of Lords by 232 votes to 178, Osborne indicated that he did not want to abandon a proposal despite warnings that the move could lead to tax avoidance.

He plans to introduce an additional incentive to enable employers to hand over £2,000 of shares exempt from income tax and national insurance contributions.

This incentive will cost the public purse £200m over the next five years.

Janet Williamson of the TUC said, "£200m spent on bribing hard working families to give up their hard won employment rights."

Osborne also promised capital gains tax relief for owners of businesses although some tax experts were concerned about the impact that a change in the inheritance tax regime would have on small business owners. David Kilshaw, tax partner at KPMG, said that businesses were normally exempt from inheritance tax but the owners' homes – often used as security for business loans – were subject to inheritance tax. In the past, owners with such borrowings were able to use their debt to avoid inheritance tax bill but that will no longer be the case.

"This is a nasty shock for business owners. They will now have to budget for unexpected inheritance tax bills and they may be faced with a horrible choice – do their heirs sell the family home or does the business pay the tax?" said Kilshaw.

The chancellor said he wanted to "increase five fold" the value of government procurement contracts available to small businesses. ( source http://www.guardian.co.uk/ )

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