Interesting articles about insurance

<img src="ebola.jpg" alt="Ebola" width="300" height="200">

Important Information about the Ebola Virus

A potential worldwide health crisis emerged a couple of months ago with the Ebola outbreak in West Africa. This modern day plague has now reached a point where some countries are ready to call it a pandemic, with the increasing number of infections and fatalities reported daily. In the three worst affected West African countries: Liberia, Guinea, and Sierra Leone more than 4,000 confirmed deaths have been reported to date. Faced with economic instability and non-existent medical infrastructure, West African countries are losing the war against Ebola. It is believed that this all-consuming virus that bows before no man will claim the lives 70% of those who are infected.

The World Health Organisation (WHO) started treating the breakout in March2014. Four and a half months later it has become the worst outbreak of the Ebola virus in the history of its existence. WHO initially regarded the Ebola outbreak as a manageable outbreak and in due course conceded that the outbreak is anything but manageable, sparking sharp criticism of the WHO’s perceived weak response to the initial outbreak. With concern about the devastating effects of the Ebola outbreak growing exponentially the Center for Disease Control (CDC) was necessitated to jump in and assist in the battle against Ebola.

This Ebola virus, also known as Ebola Haemorrhagic fever, is believed to have its origin from Fruit bats in the forest of Guinea, although this remains unconfirmed. Common symptoms of an Ebola infection are high fever, vomiting, diarrhoea and bleeding.  Currently there is no cure for this merciless virus and in a frantic scampering to head the pleas of the diseased and dying organisations like the WHO and CDC have resorted to using untested vaccinations, like ZMap, in an attempt to treat Ebola patients.

<img src="law.jpg" alt="Law" width="300" height="200">

Oscar Pistorius Sentencing – What can we expect?

On the morning of 14 February 2013 – Valentine’s Day – the news of Reeva Steenkamp’s death at the hand of Oscar Pistorius was on everyone’s lips. Soon newspapers and social media were flooded with articles, rumours, and speculation about what might have happened between the model and Olympic athlete. The trial which followed Reeva Steenkamp’s death would not only place Oscar Pistorius under scrutiny, but would receive media coverage of a scale unprecedented in South Africa. The trial, which started on 3 March 2014, was broadcast live on television, streamed on the internet on various news websites, and journalists like Mandy Wiener and Barry Bateman gave live updates on Twitter from inside the courtroom.

Oscar Pistorius was acquitted of the murder charge, but convicted of culpable homicide by Judge Thokozile Masipa on 12 September 2014. Social media erupted yet again at this news, with people from across the world airing their views on the judgement. The sentencing hearing is scheduled for the week of 13 October 2014 and, after testimonies have been heard, Judge Thokozile Masipa may postpone proceedings to deliberate before announcing Oscar Pistorius’ sentence. William Booth (a criminal law expert) explained on News24 that the sentence for culpable homicide (negligent killing) in South Africa range from a suspended sentence and fine to 15 years in prison. The sentence is given at the Judge’s discretion.

A number of books about Oscar Pistorius and this trial are also scheduled to be published or have been published. These books range from the sensationalist Oscar: An Accident Waiting to Happen by Melinda Ferguson and Patricia Taylor, to Behind the Door: The Oscar Pistorius and Reeva Steenkamp Story by Mandy Wiener and Barry Bateman. Even after sentencing, we will probably still hear – and read – about the Oscar Pistorius and Reeva Steenkamp for a long time to come.

<img src="life insurance.jpg" alt="Life insurance" width="300" height="300">

Things that you should know about Life Insurance

A life policy is vital as part of a financial plan, especially if you are the breadwinner of a family. For a small premium each month you will get vast peace of mind for your family will be financially protected if you die.

Your family must know about the policy and where you keep it. Update your policy if there are life changes eg. divorce, death of a beneficiary or new addition to the family.

To change the beneficiary on a life policy you can’t only change your will. The insurance provider has to be informed to alter the policy details. A policy overrides a will.

The standard amount of cover is ten times your annual earnings plus debt. Though this is a rule, rather ask an expert to determine the cover you need.

Not only breadwinners need cover. A home maker provides a valuable financial contribution to the family. Both spouses should have life insurance policies.

Not everyone needs life insurance. If you are young and without dependents, you may not need life insurance, but it is good to buy cover if you are planning on having dependents.

Premiums for a life insurance policy are determined by your age, gender and risk classification.

Ways to determine Life Insurance cover

Income replacement:

Your age and earnings are considered. Starting with your age, determine how many years of income you will need to replace in the event of your death.

Needs-based:

Your particular situation is considered to assess the impact of your death on your dependents. Factors included are whether your spouse will continue or start to work, the number of children, a mortgage to pay off and the cost of educating your children.

Type of insurance cover : 

Two basic types of Life insurance are term and cash-value insurance or permanent insurance.

Term insurance has no investment section. You decide how much coverage you need and the period that coverage should remain in effect. A level premium over the term of the policy, is possible. Term insurance has lower premiums than cash-value insurance. It is recommended to invest the difference. Unfortunately, most people spend it.

Term insurance will provide the highest coverage for the lowest premium. At the end of the term, the need for insurance may be reduced or abolished.

A comprehensive study was done last year and it was revealed that 100% of people die. Everyone needs cover at some stage of their lives.

 

Ref.: http://money.usnews.com/
www.moneyweb.com

This post originally posted on http://www.dial-direct.co.za/ and reposted with permission.

css.php