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Anyone who has a mortgage to repay over a span of many years needs to give some thought to taking out mortgage life cover. If you are the main wage earner in the family then you need to consider how your loved ones would cope when it came to paying the mortgage in the event that you as the main income provider died, so protecting them is essential. Without cover they might not be able to maintain the mortgage repayments and lose their home and with it they would be able to use the money from the cover to payoff the outstanding mortgage and at least not have the worry about losing the roof over their heads.
Mortgage life cover is usually known as decreasing life insurance. This means that the payout you would get back from the life insurance would decrease along with the mortgage. You would initially insure the mortgage balance when taking out a policy and as you payoff the mortgage each month you owe less. Therefore you would take out mortgage life insurance to reflect the number of years you have left to pay on the mortgage. If you die the amount left owing on the policy is paid out but if you outlive the policy then of course the mortgage would be paid off and there would be no payout.
This type of insurance is great peace of mind to safeguard and protect your family at a time when they need it the most. The cost of insurance would of course take into account the amount you chose to insure and other factors such as age and your health when applying for the policy. The younger you are usually the less life insurance will cost. Premiums will also take into account your family history health wise, for example if there is a history of heart attack or stroke in the family you would usually have to pay more for the policy.
If there are two names on the mortgage then you could take out a policy for both names. Usually you can insure to payout upon the first death and then cover would cease.
When looking for mortgage life cover you need to compare the cost of premiums from several different providers to ensure that you get cover at a price that suits your budget. One of the quickest and easiest ways of doing this is to allow an insurance broker to search around on your behalf. They will be able to gather insurance quotes which you can then compare in the comfort of your own home. When comparing the cost of life insurance always check the exclusions which should come in the key facts of the cover.
Different providers add in different exclusions and these are what can stop a claim being made on the policy. It is essential when taking on the insurance that you always tell the truth, even if it means you would pay more for the cover, as if you are caught out then again a claim might be refused.
Running a conference, a seminar or a workshop can be great fun. The day of the event is guaranteed to be a hive of activity with all of the arrangements coming together over those few hours. Problems will arise and be solved in one way or another and the delegates will leave in various states of motivation. If this is your first or your one thousand and first event you should never stop learning how to improve the next one. One of the most effective ways to draw out all of the learning points from the entire event is to hold a review meeting after some thorough data gathering including financial analysis and delegate feedback.
Running a review meeting
Once you have assembled the background data, it is time to hold your review meeting with the key players. This may be part of a general review that your organization regularly runs or it might be a special one-off to quantify the benefit of events like this and to justify future expenditure.
Who to invite?
Those attending this review meeting should be the event “owners”, decision makers and influencers in your company who will need to understand the impact of the event. It may not be necessary to invite your entire event team, however it will add value to your presentation if you have people in the meeting who can provide additional information that you may have forgotten, overlooked or otherwise omitted or who can support your data with additional evidence.
The Agenda
Thematicx Product Nationwide Roadshow
Review Meeting
15:00-16:00 on 12/12/09 in Main Conference Room
Overview of Roadshow objective and Roadshow program
Financial report
Delegate feedback and results of Follow-up process
Improvement Plans
Successes
Next steps – A discussion about extending the program
Any Other Business
Always publish an agenda for this type of meeting to allow people to prepare their thinking in advance. A typical agenda is quite simple and looks like this:
Although this is a sensible and courteous precaution, don't expect everyone to read and remember the agenda. Some will appreciate it; the others will muddle through and use their intuition as long as you supply a copy of the agenda at the meeting.
Rather than defining a strict timetable, have a rough timetable in your head leaving about 20 to 30 minutes for open discussions throughout the meeting. If the meeting lasts for an hour, each of the presentation topics should only take around 5 minutes which gives time for one or two slides (if you're using them). The time will fly by and your attendees will be fresh and ready to discuss future plans.
Be prepared for surprises. Often events that appear to run well have hidden problems that are only revealed after close questioning of everyone involved. Conversely events that stumble along from crisis to crisis can be highly entertaining for the delegates and may cause them to pay closer attention because they start to look for errors that may not be there.