What if you do not pay the outstanding balance insurance premium?

Compared to what you get in return, a debt balance insurance is only a small cost. You guarantee your relatives a financially carefree future after your death. Moreover, you do not have to pay the premium in one go.

A staggered payment is also possible: from quarterly to yearly, depending on your options. But what if you fail to pay the premium on time?

Debt balance insurance premium: a wide range of options

Debt balance insurance premium: a wide range of options

The financial home situation is different for every family. As a debt balance insurer , we are fully aware of this. That is why we offer you the option to pay the premiums of your debt balance insurance as you choose. This way you can be sure of a payment plan that is 100% tailored to your financial options.

Financial options

money

  • One-off premium : you pay the premium immediately when you take out your loan. That is of course a larger sum than with a staggered payment, but often this is the most advantageous formula in case of taxation at the end of the year.
  • Annual constant premium over two thirds of the term: by spreading the payment over several years, you have to pay less in one go than with a one-off premium.
  •  
  • Six-monthly, quarterly or monthly premium payments : the payments are spread even more. Keep in mind the so-called fractionation costs (additional costs that are charged with multiple premium payments per year).

Debt balance insurance premium not paying: the consequences

Cash

Do you want the coverage of your debt balance insurance to remain as it was established when you entered into the contract? Then it is important to make the premium payments on time and consistently. If not, there are two options:

  • If you stop paying the premiums, the insured amounts will be adjusted.
  • According to the policy, do people have to pay premiums for longer than half the term, but do they stop prematurely? Then the insurer in question is forced to cancel the policy. This happens thirty days after a registered letter has been sent.

Please note: if you no longer pay premiums for the main guarantee, if the policy expires or is canceled, canceled or surrendered, then the additional guarantees also end. Do you want a clear picture of what a debt balance insurance would cost you? We are happy to explain this for you:

What is Land Vehicles Insurance

Land Vehicles Insurance; It is an insurance which covers the damages to be received as a result of the accident, damages caused by natural disasters such as earthquakes, floods, floods, burns, stolen, damages in the act of terrorism or attempted theft within the policy limits.

A Land Vehicles Insurance policy consists of main guarantees and additional guarantees

A Land Vehicles Insurance policy consists of main guarantees and additional guarantees

The main guarantees are provided as standard by the insurance company in the purchased insurance policy. However, additional guarantees are determined according to your request and included in your policy with an additional charge.

Land Vehicles Insurance Insurance is optional. However, if you have insurance, the above mentioned situations will compensate you as a policy holder. In case you keep the coverage of insurance coverage in the Land Vehicles Insurance Insurance, you can also set the upper and lower limit of payment as desired. In addition, in the case of large damage exceeding the limit of the traffic insurance, according to your assurance in the policy, Land Vehicles Insurance can cover the relevant excess. This is very important for vehicle owners in the event of a possible accident.

As the guarantees will differ in the Land Vehicles Insurance Insurance in pricing

car loan

It is important to find the most appropriate guarantees rather than the cheapest in terms of price. The collaterals determined according to risk also vary in terms of price. Particularly in case of theft, earthquake, terrorism, fire, flood, the possible costs that may arise in case of a Land Vehicles Insurance Insurance coverage is a big life preserver.

You must have a driver’s license and do not use alcoholic vehicles in order for the Insurance to be activated during an accident or disaster. Otherwise, the insurance policy is not valid.

The insurance can be obtained from insurance companies or insurance agents

The insurance can be obtained from insurance companies or insurance agents

Since the insurance premium determination is based on free market conditions, insurance companies may make different levels of pricing. For this reason, it will be productive for you to search every insurance company’s offer on the internet and to compare collateral and price. The Land Vehicles Insurance insurance policy, which can also be purchased from the computer and which is concluded very fast, can be sent to you by e-mail quickly by the Land Vehicles Insurance companies.

Rental investment: how to choose loan insurance?

For a rental real estate investment, whose main asset is security, you have to take the time to choose your borrower insurance. Objectives: to secure his approach and to reduce the cost as much as possible. To know: The insurance of the loan is essential, but the banks do not require the same guarantees as for a residential real estate investment.

Rent, a sufficient guarantee?

Rent, a sufficient guarantee?

In a rental loan, the rent received by the investor represents for the bank a form of guarantee of future repayment. This can therefore only require the subscription of mandatory guarantees, Death and Total and irreversible loss of autonomy. If the bank does not require the loss of employment, temporary incapacity for work and permanent total or partial disability guarantees, each will decide according to their own situation (income, age, constitution of the family, etc.) to subscribe to it. or not. In case of paid unemployment, the loss of partial income can be offset by the assumption of monthly payments by the insurance. At least 24 to 36 months.

Delegation of insurance: often the right financial choice

Delegation of insurance: often the right financial choice

The credit institution systematically offers its client to subscribe to its borrower insurance with him, as part of a group contract. Calculated according to the average risk level of all the insureds, this contract does not take into account the individual situation of the customer: age, occupation, health, etc. It is therefore often more advantageous to take out insurance through an individual contract. The broker will analyze the particular situation of the borrower and offer guarantees tailored to his profile… and often cheaper. It will then be necessary to carry out a loan insurance delegation.

SCI, SCPI, guarantees and delegation of insurance

SCI, SCPI, guarantees and delegation of insurance

In the case of a rental investment via an SCI or a SCPI, each partner may choose his credit institution. For the insurance of the loan, here too a lot of flexibility to distribute the quotas and to adapt the guarantees to the situation of each one. The insurance delegation can be put in place, but it is more advantageous for the partners to choose a single insurer.

Financing your funeral: funeral insurance

Financial crisis requires, subscribe to a mutual health to preserve health expenses is no longer sufficient. It is also possible to predict the costs of his funeral and take care of it before even the situation requires it: this is precisely what allows a funeral insurance contract.

What is funeral insurance?

What is funeral insurance?

A funeral insurance (also called a “funeral agreement”) is an agreement whereby the insurer agrees to finance the funeral of the insured in return for a premium insurance to be paid periodically. In simpler terms, it is a provident contract that allows the insured to secure capital for the organization and coverage of his funeral expenses upon his death.

It is ultimately a lifetime life insurance policy, so it lasts throughout the life of the subscriber.

What is the purpose of a funeral contract?

cash

Since death remains a delicate subject for the person concerned as well as for the loved ones of the deceased, this insurance gives the insured two things:

  • To pay in advance the funeral by means of a capital contract;
  • To organize his funeral in the smallest details and according to his wishes through a contract called “in benefits”.

It’s also a great way to protect the family from further concerns:

  • Logistically: disagreements between relatives on the type of burial, or choice between burial or cremation etc. ;
  • That financially: since the death of a loved one is already a particularly difficult test in itself, it is often welcome not to have to pay in addition to a bill sometimes very difficult to assume for some.

Good to know

It is important to distinguish funeral insurance from death insurance which have absolutely no purpose. See here to understand the differences.

The benefit contract to anticipate the organization of his funeral

The benefit contract to anticipate the organization of his funeral

Whatever the reason, many people wish to anticipate the organization of their funeral.

Funeral insurance is a useful tool at their disposal to plan everything. They will not only unload their loved ones from the cost of the ceremony, but will save them from organizing.

Various motivations

There are three main reasons for people to plan their funeral.

  • Their desire to have funerals corresponding to their vision of death and their philosophical and religious ideas. By organizing everything, the person does not risk seeing his last wishes ignored or distorted.
  • Their concern is to relieve their loved ones of all the often painful steps for families in pain.
  • The concern of people without families and loved ones to know that everything will be planned and that they will leave as they wish and not according to the will of a distant heir with whom she had in the relationship.

The different contracts meeting this objective

The market offers two types of service contracts to satisfy this desire to organize everything.

Standardized benefit contracts: these “block” contracts offered by insurers only offer you a limited choice of options. Most of the benefits are imposed on you and you have no possibility to change what is planned. These contracts are often disappointing, because the imposed benefits of not offering little choice except between burial and incineration and that of a civil or religious ceremony. In addition, these formulas are often summarized by a commercial name and their content varies with the years, which will not necessarily correspond to the wishes expressed several years before …

Good to know

This often controversial formula tends to be abandoned by insurers.

Individualized benefit contracts: in this type of formula, the choice is infinite. You are totally free. You describe your needs, your choices are quantified and the corresponding amount is retained as the sum insured in the contract.

An estimate detailing all the services chosen is attached to the contract and will serve as a basis for the preparation of the ceremony on the day.

Today, it is this type of high end contract that should be favored, so you can predict everything, choose everything, down to the smallest detail so that everything is according to your wishes.

What happens when the insured dies?

What happens when the insured dies?

Whatever its use, the capital is delivered to beneficiaries upon the death of the insured. It is therefore imperative that they are aware of the existence of such insurance before their disappearance.

Thus, at the presentation of a voucher, the fund will be released and the capital donated to whom it is entitled. The time may vary depending on the insurance company, but generally count 48 hours worked to receive the full capital.

 

Health insurance in the United States for expatriates, students and travelers

How to ensure your health in the context of an expatriation, study or a trip abroad?

“Because health is the most valuable and easy to lose, it is the most poorly kept. Is there anything more precious to man than health? For maximum security, you must be sure to have an insurer that offers you to cover 100% of your medical expenses anywhere in the world.

1) How to freely choose your guarantees and benefit from a customized contract?

1) How to freely choose your guarantees and benefit from a customized contract?

Target expats and tourists from the United States  

Become an article and category sponsor on French District The cost of health care costs in the USA is almost 10 times higher than in France, it is even one of the highest in the world! The average premium for health insurance has increased by more than 60% since 2005 and by more than 30% since 2010. Based on this observation, it is precisely in this respect that you must be vigilant about the extent of your guarantees and look for an insurance contract that meets your expectations.

The principle is to find tailor-made at the price of ready to wear! Today this is possible and easily achievable with an insurer offering international insurance contracts. Through French Expat Company, you will be able to choose your guarantees, your additional options, your possible deductibles, your repayment limits to benefit from a maximum of security according to your personal situation. Expatriation, especially in the United States, must not rhyme with an increase in social precariousness in the land of money king. You have the opportunity to make sure you keep the basic principles of your refunds and guarantees that you may have in France before you expatriate.

2) How to be protected by respecting evolving legislation?

2) How to be protected by respecting evolving legislation?

a) The problem of the Obamacare (Affordable Care Act)

Since 2014, all tax residents in the US must have health insurance with a contract containing at least 10 mandatory guarantees called MEC-Minimum Essential Coverage:

  • Emergency services,
  • hospitalization,
  • ambulatory services,
  • pediatric services,
  • laboratory analyzes,
  • rehabilitation services,
  • medical prescriptions,
  • childbirth and care of the newborn,
  • prevention and management of chronic diseases,
  • mental health

For these guarantees, no ceiling can be set, but US insurance contracts may increase contributions from one month to the next, contrary to those offered by international insurance companies. At the same time, this reform had a very important impact on the two types of insurance contracts offered individually (individual mandate) or through its employer (corporate mandate). The founding principle of this reform being to allow the obtaining of an insurance to the most deprived, the expatriates particularly French prefer since this reform in the great majority the contracts proposed by international insurers rather than Americans.

b) The Cassa Patricia

Target expats and tourists from the United States   Become an article and category sponsor on French District The Cassa patricia is the Social Security Fund of French residents abroad. Private body, offering social coverage worldwide, it is governed by the Social Security Code. Even if its membership from the departure of France is recommended, it is not obligatory and the latter is calculated according to your status, your resources, your age as well as the situation of the persons possibly constituting your family. Coverage for sickness, maternity, invalidity, occupational accidents, occupational diseases, old age are available for choice and may be supplemented in whole or in part by insurance with guarantees to complement those offered by the Cassa patricia.

c) The complexity of payment franchises

In France, we benefit from a 100% coverage with a co-insurance or cost-sharing fee which is very low, which is not the case in the USA. Franchises are the amounts that will remain your responsibility even before the insurer reimburses you. There are “co-payments” (for laboratory fees, medical exams…), deductible, co-insurance which are always your responsibility, amounts beyond which your insurer will refund you 100%.

The amount remaining at your expense (Maximum Out Of Pocket) is also variable depending on the insurer and can reach $ 15,000 / year for a family. According to the state of residence in the US, the cost of health insurance in 2016 was $ 600 / month for a single person and more than $ 1,500 / month for a family with an average dependent of more than $ 5,000 / month. year. Very often, in order to lower the amount of their contribution, the insured increase the deductibles. Beware of this dangerous game that, in the end, can cost you very expensive even before your insurer takes over!

d) The choice of a US or international insurance contract

The choice of a health insurance contract is very important and makes it possible to realize that medicine at a cost that can be very expensive outside our French borders. You can either buy American health insurance or an international policy. It is crucial in order not to be as limited in the network of doctors to consult to compare well. Some insurances, notably the Health Maintenance Organization (HMO), require you to consult their primary care physician (PCP) in their network and will not reimburse you if you violate their consultation rule. PPO Plans ( Preferred Provider Organization ) contracts such as those offered by French Expat Company should be preferred. For the same care, you can be billed from single to double. If you are not well insured, if you do not have the means to pay and after several thousand dollars spent on the ambulance, in the USA the doors of a hospitalization can quickly close.

3) How can French Expat Company meet your expectations?

3) How can French Expat Company meet your expectations?

Target expats and tourists from the United States. Become an article and category sponsor on French District French Expat Company and its Insurance Partners are French insurance companies specializing in the design and marketing of insurance contracts with “made in France” coverage (100% coverage, worldwide coverage, little deductible, free choice of his doctor…). Our information is transparent and objective. We claim our belonging to values ‚Äč‚Äčthat have made France the most protective country in terms of health coverage.

Despite all the care taken in our contracts, these as well as those of our competitors are not in compliance with Obamacare compliant. Thus, a penalty will be applied according to your income and the latter will be deducted from your tax credit on your tax return. If you do not benefit from a tax credit, you can defer in year N + 1 the amount that can not be deducted from your bank account directly for this penalty. Attention this penalty does not apply to visa holders, F, J, Q, M, as well as residents of less than 330 days. On the contrary, it applies to US citizens, permanent residents and alien residents.

Despite the application of this penalty, the contracts offered by French Expat Company and its insurers are most advantageous for our compatriots but also for all foreign expatriates. This is also the French influence around the world. Knowledge is power! Without excess of pride, we benefit from a real know-how by our origins and the quality of our Social Security.

While the future of Obamacare is getting darker by the day (even though the Republicans have not been able to agree on its abolition), given the increase in premiums by US insurers, is likely that the health insurance system in the United States will implode and this much-maligned reform will be abolished before the end of the term of Mr. Donald Trump! Our compatriots, even on the other side of the world, will no longer be able to say that they did not know. It is up to them to take their precaution by asking for a free and uncommitted study from a specialized insurer, as is the case at French Expat Company.

Cash loan with or without insurance?

Which loan should you choose?

Which loan should you choose?

There are many cash loan options available from banks. Most often they differ in terms of the required collateral, the possibility of allocating funds from the loan (any purpose or repayment of other credit obligations, i.e. consolidation) and whether a given credit product comes with an insurance package. We focus on this last aspect in this study. What are the advantages and disadvantages of the solution called: joining the insurance package against unfortunate mishaps offered to a person who concludes a cash loan agreement?

What does the insurance offered for a cash loan protect against?

What does the insurance offered for a cash loan protect against?

The most-offered range included in group insurance that borrowers can sign up for includes:

  • In the event of the borrower’s death;
  • In case of serious illness;
  • Permanent or total inability to work;
  • In the event of job loss;
  • Assistance – technical assistance at home (repair of home electronics / appliances, or a visit by a locksmith or plumber); medical assistance in the country (visit of a nurse or GP).

Insurance cost

Insurance cost

The insurance premium for protection contained in packages specially prepared for persons taking out a loan or cash loan is payable once in advance for the entire protection period and is subject to credit. What does it mean? Most often, the cost of insurance communicated by banks is expressed in percentage points per month as part of the loan amount – for example, in OutBank it is 0.27%, in Millenial bank 0.3%, and in Panko Bank 0.35%. Let us assume, therefore, that we are interested in the loan amount of PLN 10,000 “on hand”.

In addition, let us assume that we will repay our cash loan for a period of five years (60 months). Assuming for a cash loan case with a commission of 5%, which will be added to the loan amount, the insurance cost will be calculated as follows: loan amount plus commission x 60 x 0.35%. The cost of insurance protection will therefore be over PLN 2,000 (20% of the additional amount!), And the loan agreement will amount to over PLN 12,000 (we will have “only” PLN 10,000 at our disposal)!

What do we get in return?

What do we get in return?

Apart from the relatively interesting and broad scope of protection, joining the insurance allows us to take advantage of a more favorable interest rate on the nominal loan, which at OutBank is reduced compared to the option without credit by 2.5pp, at Millenial bank by 3pp, and at PB from 2 to 9pp.

The cost of a peaceful sleep

The cost of a peaceful sleep

Despite the fact that the costs of insurance coverage seem quite high at first glance, the range offered is significant. An example of a five-year loan repayment period is up to 60 months, during which various unforeseen situations can occur, and it seems better for those “surprises” to be prepared. And this is exactly what these insurance packages give …

Mistakes When Hiring Car Insurance and How to Avoid Them

Hiring car insurance requires attention to avoid headache in the future. Among the common mistakes made at the time of hiring are omitting information from the insurer, not comparing the insurance options offered by the market and not paying attention to what is covered by the insurance. Look at these and other common mistakes when hiring car insurance and how to avoid them:

Omit insurer information

Omit insurer information

In order to avoid financial losses in the future, always providing the correct date to your insurer is essential. Do not make the mistake of omitting, lying or fraudulent information in the quote, let alone when filling the contract. Always provide the correct personal data, as well as true information about the vehicle, without leaving anything out. This is a guarantee that you will have access to all the rights of the service in case you need to receive any compensation or trigger the insurance company. There are a few cases of people who have had problems in resorting to insurance because they lied or omitted some important information just to pay a little cheaper.

Do not compare insurance options offered by the market

Do not compare insurance options offered by the market

Hiring insurance at the first insurer you surveyed is an error that can cause financial losses and even problems at the time of the claim coverage. Always researching the options offered by the market ensures that you are not paying much for the service and yet you are hiring a reliable company. Do a search on the Internet and talk to insurer clients before closing deals to make sure that is the best option for you.

Do not confirm the value of the franchise

Do not confirm the value of the franchise

Franchise is the amount you have to pay the insurance company in case you need to trigger insurance to repair the car on account of crashes and the like. Therefore, before hiring the service, it is important to know what the amount charged by the franchise is and ask for that information to be clearly stated in the insurance proposal. To get an idea, there are popular cars with deductibles that reach R $ 1, 7 thousand while the insurance value is R $ 1 thousand.

Do not advise if the coverage is provided by insurance is the one you need

Do not advise if the coverage is provided by insurance is the one you need

Comparing prices is essential, but it is also important to carefully evaluate what type of insurance coverage offers. Do you really need a spare car if your car is a problem? Despite the convenience, this is the type of service that impacts the amount you will pay and may not be important. Therefore, evaluate the coverage offered and customize according to your possibilities and needs.

Do not evaluate what is not covered by insurance

It is important to also analyze what your insurance does not cover, which is usually described in the “Exclusion” item. If you consider it important to have access to some items that are not covered, it is important to negotiate with the broker.

Do not research the discounts you can get

Many people spend more than they should on insurance because they do not research the discounts they can get. Those who have a good driving record, for example, usually get bonuses from the insurer. Having safety equipment installed in the vehicle also helps to reduce the value of the insurance.

 

Which insurance companies offer the best life insurance?

 

What is the best life insurance? Quality you decide? Price you decide? In my opinion, there is no one life insurance that is best for everyone. However, you can work out the most appropriate life insurance setting for your particular situation, where the penetration between quality and price is ideal.

In the past, you had it quite simple. There was one insurance company on the market and nothing else to choose from. With the choice of insurance you would have considerably less work than today. However, what every man had to solve just as he did today was setting up custom insurance.

Quality vs. life insurance price

Quality vs.  life insurance price

Quality life insurance with your settings reflects your current living situation and your needs. The price is also important, but not the first. It is better to have an expensive life insurance, but well set up the cheap insurance that does not solve your life situation at all. What is the ideal? Quality life insurance at a reasonable price.

How do I choose my life insurance?

How do I choose my life insurance?

A good choice of life largely depends on how you choose the procedure. Solving life insurance without considering and thinking can mean unnecessary waste of money or, in the worst case, inadequate setting of insurance that does not solve the human life situation at all.

To make it as simple as possible, the procedure for collecting life insurance will look like this:

  • Choosing Insurance Risks – Just choose what you really need in your current situation. Mainly focus on the risks of long-term downturns.
  • Settlement of insurance amounts – It is not enough just to be insured. It is necessary to have insurance amounts to reflect your actual needs and situation.
  • Overview of Life Insurance Offers from Multiple Insurance Companies – One of the mistakes people often make is that they take out insurance in the first insurance company they receive from. It’s a mistake. Usually they do not miss and pay for insurance unnecessarily more than they would have to.
  • Choosing a specific life insurance – When you know what you want (you have taken out insurance risks and set the amount of insurance) and you have an overview of life insurance offers from several insurance companies in the market, you can choose. Price is not everything. Go into quality and price penetration.

Which insurance companies are offering life insurance in Slovakia?

Which insurance companies are offering life insurance in Slovakia?

The time has changed for the better and in Slovakia, there is sufficient number of insurance companies to put pressure on the quality of services provided and the pressure to reduce prices. Life insurance changes and evolves from year to year. Competition is beneficial in this case.

Perhaps it does not make sense to list all insurance companies that offer life insurance. I only selected the ones you meet most often.

 

A health insurance for staffordshire bull terrier

The staffordshire bull terrier, colloquially known as staffie, staffy, stafford or SBT, is an ancient dog breed, born from the cross between the old bull-and-terrier and the old terrier. It was used several years ago as a fighting dog but its balanced character, recognized by all, then stopped this practice.

Medium in size (35.5 to 40.5 cm) and weighing between 11 to 17 kg, it shows great strength for its size. His hair is always short, smooth and thick. As for her dress, several colors are admitted as the red, the fawn, the white, the black or each of these colors accompanied by white. Staffordshires Bull Terriers wearing black and liver or black and fire suits can not be registered for the LOF. The blue dress is only tolerated.

A nice and protective dog

A nice and protective dog

Contrary to what one might think, the staffordshire bull terrier is a very balanced and very soft dog. He shows great affection towards his masters and does not represent any danger for the children, his past as a fighter being very distant. It will adapt to your environment, whether urban or rural.
The staffordshire bull terrier can be an excellent watchdog. Very protective in nature, he shows no unnecessary aggression, barks only when necessary and learns very quickly.

Despite its robust appearance, the staffordshire bull terrier fears the cold a lot. Its average life is 12 years, which is not very high for a medium-sized dog. To keep it healthy, it is advisable to let your staffordshire bull terrier live indoors. This breed is prone to two inherited diseases: a neuro-metabolic disorder and cataracts.

Veterinary fees can be extremely expensive: an operation to cure cataracts costs between 800 and 900 euros, a scanner costs about 300 euros. Your staffordshire bull terrier can get sick at any time and you may not be able to heal it. There is a solution allowing you to bring all the necessary care to your animal without breaking the bank: subscribe a health insurance for your staffordshire bull terrier. Some mutuals will not cost you more than 10 euros per month and will bring you peace and serenity about the health of your pet.

Do not wait any longer and try out our insurance comparator for dogs, which will select the best warranties for staffordshire bull terrier.