When taking out a life insurance plan there are a number of different options you could decide to add should you think they would be appropriate to your circumstances. These need to be added at the start of the life insurance policy from the outset.
Waiver of Payment Benefit
Waiver of payment benefit can be added to most life insurance polices, this benefit if added means that you do not have to pay your life insurance premiums if you cannot work for six months or more as a result of illness or injury. Most of the insurers will expect the premiums to be paid on the life insurance policy for normally at first, however after normally about 26 weeks of incapacity the premiums will be waived.
The incapacity or waiver on a life insurance policy is normally assesed by something called Functional Assessment Tests and these are to be done without the help of another person.
Walking - the ability to walk 200 meters on the flat ground with or without the aid of a walking stick without stopping or experiencing discomfort.
Bending - the ability to get into and out of a standard saloon car and the ability to bend or kneel to pick an object up off the floor and straighten up again.
Communicating - the ability to answer the telephone and to take a message.
Reading - having the required eyesight(corrected if necessary) to be able to read a daily newspaper
Writing - having the physical ability to write legibly using a pen or pencil without aid.
Climbing - having the ability to climb a flight of 12 stairs without stopping or suffering severe discomfort.
These are only guides and should not be relied upon totally your life insurance broker, will be able to advise in individual circumstances
Conversion of Life Insurance Policies
Some life insurance brokers/assurance companies will offer the flexibility to convert your life insurance policy to a Whole of Life Plan without providing further medical evidence. When taking this option there are some restrictions that need to be explored fully when adding it. Your life insurance financial adviser/ broker needs to advise you on this option carefully.
Indexation of Life Insurance Policies
This option is added to keep your life insurance policy up with inflation. Both the premiums and the amount of life insurance increase with the RPI (Retail Price Index) this can be up to 10% in any one year. Normally if the indexation option is added to the life insurance policy the opportunity to increase the cover will be given regularly but if it is declined it wont be offered again.
If you are ever in any doubt about what options to add to your life insurance policy then you should consult your life insurance broker and request the technical guides and key facts for the products being considered. Life insurance is not complicated but it is important to pick the right policy with the right options from the outset.
Benefit Life Insurance Co
There are enormous benefits of mind mapping in every walk of life. They are used depending on the needs and demands of people because they vary from individual to individual. Mind mapping tools can organize ideas, tasks, projects, home or business matters efficiently and effectively. There are many tools which work on various mind mapping techniques to work distinctly than other available software. IMind Map developed by the inventor of mind mapping techniques Tony Buzan is one of them.
Mind mapping tools are user friendly and can be used in various situations. They can be integrated with Microsoft Office, Open Office and other useful tools to provide complete support to the user. A large number of images, branches and other indicators are used in creating mind maps. These images provide a pictorial representation to your ideas, thoughts and needs due to which one can follow them effectively. People have to work on critical and competitive situations in which they need to choose various things depending on available resources therefore mind mapping can be helpful in making good decision in such situations.
There are many mind mapping tools such as IMindMap, SmartDraw, Visual Mind, Minddomo and Mind-Mapping.org. You can get them from various online and offline sources to obtain benefits. One of the most common sources is internet from where you can download trial version or purchase any one of them. Some tools work online and their level of functionality vary according to the number of users. On the other hand there are software programs which can be downloaded to install on your system; they also vary in their versions and functions.
You should get such useful tools from original sources because in this way you can get maximum features with their originality. The concept of Mind Map was invented by Tony Buzan, a famous educationist and lecturer. He has distinguished position in the field of brain, learning and mind due to his work in this field. He developed this tool to arrange thoughts in a logical order due to which it becomes easy to attain goals. An important benefit of mind mapping tool is getting a clearer path from start to the end of a project or task. You get images of all the steps involved in the process so it becomes easy to follow the whole process.
You start from a concept or idea by placing it in the center of the paper and achieve a complete picture of the whole process. Modernity is given to the idea of brainstorming with the help of images, branches and other indicators to provide complete mind maps of our projects. Pictorial mind maps are more useful as compare to a written list of steps. You can arrange your tasks, projects or thoughts in natural way to accomplish your goals. Each step leads to the next and at the end you achieve the final goal.
Advantages of mind mapping tools are not limited because one can use them in education, business, home, marketing, finance and in other fields of life. In education a student can arrange his notes, topics and complete information regarding a particular topic. A teacher can arrange his topic well that what is he or she teaching to the pupils. Nobody can provide exact information that how many advantages of mind mapping techniques are but one thing is certain that it will be very helpful for you once you use it whatever your field is.
Both Mike Armstrong & Rowan Theodore are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Mike Armstrong has sinced written about articles on various topics from Insurance, Finances and Insurance. For more information about and. Mike Armstrong's top article generates over 22200 views. to your Favourites.
Rowan Theodore has sinced written about articles on various topics from Insurance, Mind Mapping and Mind Power. Rowan Theodere is an expert on training and consultant Using Mind Mapping Method. Most of his work is credited from using Buzan's Mind Mapping Method. He is also expert in using IMindMap Software. For more information of the best Mind Mapping Softare plea. Rowan Theodore's top article generates over 1000 views. to your Favourites.
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