Life Insurance the best financial security you must know

Life insurance is the critical component of financial security that nobody wants to handle. Life insurance is also the major necessity for most of the families to make their financial dreams come true. Insurance policy is one of the essentials which an individual should have for the better future of its family. I’d even go so fr as to say it is vital for most. But the awareness and advantages of life insurance is not prominent enough perhaps due to the complexity in rules and regulations of policies. The companies sold the policies for making their own commission despite explaining the topic of own improvement.

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Since, this is the reason the people are still far away from making their revenue more secure. The other reason of lacking of interest in buying of insurance policies is the old traditional way of selling. The traditional way of life insurance is boring and depressing.

The trend of purchasing of life insurance is going on, and it seems that many people attracts toward the new method. The world is developing day by day and many new innovations are coming by every passing time, so as the new option of buying of insurance policies will also take over the market soon.

Buying of Insurance policy online is not only takes less time, but it gives detail information about the product. Too many costumers are attracting towards new tech gadgets that save their time and make their life simpler, and any insurance companies are surely covering their demand by providing their life insurance services online.

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Benefits for customers

Shopping of life insurance online makes the process more flawless and reliable and allows the costumer to remain in power of the purchase. Costumer can check the authentication of website by different technical means and it is easier to compare the quotes of different companies. Costumer can also discuss the quote with the professionals without the direct involvement of company employees. You can check the whole plan of the product without submitting the personal information.

Modern technology makes the life of human easier. You can browse the website from anywhere using your laptop or Smartphone.

For most insurance online purchaser, ease of comparison shopping, personal conveniences and saving of time and money are the primary reasons for using online services. Purchasing online always take salesperson pressure and allows costumer to take time and review the difference in price and coverage as well.

Purchasing online insurance is much easier and convenient. It is shown that online purchasing of insurances saves an average of $600.0 per year of the consumer. The comparison in quotes during purchasing is what makes the online insurance cheaper.

Benefits to insurance companies

Insurances companies save money on commission when costumer purchases the policies directly from the company. The company doesn’t have to pay thousands of dollars monthly to broker and agents. The other benefit company holds is the trust of costumer, costumer like online product more, that is why they trust relationship is develop between company and costumers. The company also gets rid from all the paper work that they have to do during selling of policies. The new era is advance that all the things have been done by company’s website program.

This trend of online insurance policies is setting more quickly than ever, thanks to the digitized world and easiest use gadgets and internet. The study shows that during 2-3 years, the online purchasing of policies is remain the top priority of costumers and it is expected that the trend will remain continue in future time.

Free quotes, less pressure, more choices, less time consuming, and more convincing have added the online purchasing of insurance policies more reliable. The policies are available from auto policy to life insurance policies. Anything you can choose online by just some clicks.

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4 Reasons to Watch Women Owned Startups in 2016

American Express’s State of Women-Owned Businesses Report details that the last 15 years have seen an unprecedented 54% growth in women-owned startups. Adding to this statistical momentum, the National Association of Women Business Owners estimates that there are more than 9.1 million companies owned by women, employing nearly 7.9 million people, and generating over $1.4 trillion in sales. Check out their great infographic .

sorce: Nawbo

To clarify some of the data and what it means for women business owners, I connected with Vonda White, a serial entrepreneur, author, and advocate for women-owned businesses. The following are the top reasons you should back women-owned startups in 2016.

1. According to US Census data, the number of women in the labor force is almost equal to men.

While this data may not sound exciting on its face it is important to understand the implications. Culturally the United States is becoming as familiar with women in the workforce as men. The 2014 U.S. Census showed that women comprised 47.2% of the workforce, compared to 52.8% men. 

White explained why that number has grown “When I stepped into my first job in the insurance industry, the female executive was still an uncommon occurrence. Despite this, I believed that I had the solutions needed to get the j4 Reasons to watch Women Owned Startups in 2016

ob done, and in 1996 I was able to make that dream come alive when I started Collegiate Risk Management as the founder and CEO. It’s a positive multiplier effect, as more women start companies, it will become easier for others down the line.”

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2. The Funding Gap is beginning to close.

Finding funding for ventures has been historically difficult for women entrepreneurs. Vonda shared her own experience seeking funding to buy a bank owned College campus for a summer camp and boarding school. “When I was seeking funding for Camp Pillsbury several lenders were hesitant because I was a woman. 

The fact that I owned and ran my own multi-million dollar company didn’t assuage their doubts. Instead of giving up or getting upset, I kept searching, argued that the college campus we were going to purchase was a stagnant asset that I could turn around, and eventually I was able to secure the loan and open Camp Pillsbury, which is thriving in its 3rd year!” 

Vonda also pointed out that in the last few years there have been a growing number of startup accelerators, training programs, and leadership boot camps specifically for women entrepreneurs. A few names include EY’s Entrepreneurial Winning Women, Women’s Startup Lab, Dreamit Athena, and MergeLane. As these services become more and more prevalent, so do the opportunities for women to create profitable enterprises.

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3. Longer Parental Leave, and Flexible Vacation

A growing number of companies are recognizing the value of paid parental leave and flexible vacation requirements. Both the employment and investing spheres have long discriminated against women based on flawed assumptions about leaves and time off. For this reason, a lot of working women felt they had to counteract this concern by never taking a vacation. 

Recently however companies like LinkedIn, Netflix, and Virgin are moving to more flexible “unlimited” vacation systems. Google, Johnson&Johnson, and Twitter all offer longer than average parental leave, for both moms and dads. These sorts of updates are paving the way for a more flexible workplace.

 For employees, this means a de-stigmatized workplace that does not discriminate based on a woman’s interest in having a family. These changes represent a shift in mindset that will also help lenders understand that women do not pose a higher risk simply because they might have children.

4. The number of Women-Owned Startups is increasing rapidly

According to a study conducted by womenable.com, the number of women-owned companies has increased by 45% between 2007 and 2016. When you compare that to a sluggish 9% market growth over the same period of time it is clear that women entrepreneurs are leading innovation and growth.

 “When women understand they aren’t alone in their desire to solve problems in business, and even more importantly that there are real avenues for them to do so, they are empowered to take the steps needed to bring new ventures to the marketplace that benefit everyone,” White shared. This kind of expansion spells out why investing in, backing, and participating in women-owned startups is a solid plan for 2016.

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