Life insurance policy is one of the financial products that is widely available and used by people. Many policy holders swear by it to protect their loved ones from hefty debts obligations and loss of income in the event of untimely death. No other investment option can offer this and instead the only choice is to have money in your account in advance. Then, what are the advantages and disadvantages of a life insurance policy?
The policy provides cash infusion to deal with the adverse financial consequences to the death of an insured person. It is the only investment option that instantly creates a pot of money when an insured person dies. The premium you pay for life insurance is not taxable as well as the maturity amount that you get, so it reduces the amount of taxable income.
Most life insurance policies plans are extremely flexible in relation to the needs of the policy holder. The death gain may be increase or reduced at any time by skipping, reducing or increasing payment of premiums depending on your request. Remember the versatility and availability of various policies that you can choose from.
The life policy holders may avoid some current expenditure to settle their policy premiums and this can lead to failure in reimbursement when the insured passes away. Life insurance is mainly purchased for the gain of others and mostly benefits the insured indirectly. The cash surrender values are always less than premiums you paid in the past several policy years. At times the policyholder may not recover the full amount of premiums paid if the policy is surrendered.
The position and purchase decision of this policy may be so complex especially when the insurance is for business situation, estate planning or versatile family situations.additionally, life insurance policy is a boring product that only performs its job. The performance of your life insurance plan can not please any body. At times it fails to match the needs of the survivor for cash upon the insured death.
Get life insurance over 50 years of age policy quotes to guarantee you get the very best deal for your age group. That way you can find out the advantages and disadvantages of a life insurance policy yourself.
Health care commissioners promote improvement in quality of health across the country. Here are their main roles:
•The healthcare commissioners have a duty in promoting quality in the health care through providing independent evaluation of standards of health services given by National Health Service (NHS), voluntary and the private health care organizations. The commissioners also have duties of coordinating organizations which inspect and regulate health bodies.
•Assessing the management and provision of the NHS healthcare as well as public health services.
•Identifies and analyse health policy concerns and alternatives. Uses principles of media promotion to communicate the mission of public health to the stakeholders. Guides organisation and community partners in seeking policy change on the public health issues. Translates policy decisions to community and organisational programs and services.
•Examining serious setbacks in the healthcare services.
•Promoting the harmonization of reviews as well as assessments performed by the healthcare commission and other organisations.
•Checking the performances of NHS trust and award performance rating to every trust.
•Marketing and social forecasting. Identifies emerging trends in the public health and offers information, examination and interpretation to the stakeholders.
•Issuing information that concerns the state of healthcare in the country.
•Independently examining the complaints of patients about the NHS services which the trusts have not resolved.
•Controlling the private healthcare sector through, assessment, registration, monitoring complaints and other enforcement activities.
•Serves as useful change agent. Facilitates the application of system thinking, build and executes performance measurement as well as evaluation plans, aids strategic and tactical planning and assessment, facilitates the empowerment of staff as well as other community partners to take stern action. Come up with fresh ideas and methods to solve public health issues.
•Creates a sense of mission. Try to articulate and model professional ethics and values. Facilitates organisational mission reassessment and development. Create policies and processes which translate vision and mission to action.
•Mobilizes support among the policy makers as well as public for policy changes that will improve health.