Business Insurance Group

Life Insurance Quotes and your Time

What does time have to do with life insurance quotes and how does saving time save you money?

Have you ever considered what your free times worth?  I usually do when my wife wants me to drive a long way to go to some store thats having an amazing sale.  After driving an hour out of my way and waiting in line for a half hour, I usually conclude that, when I factor in the cost of my free time, the savings were hardly worth it.

I consider that what I normally earn in an hour is also the cost of my idle time.  If I am worth $25 or $50 or a thousand dollars an hour (I wish) at work, thats what my free time is worth to me.   Unfortunately, my wife disagrees with this concept and usually wins the argument and so, off to sales we go.

However, if you dont take my wifes side of this argument and do agree with me, I have some advice for you when it comes to shopping for a new life insurance policy.  You can save a lot of time (and money, per my theory) if you follow this advice find a website that provides life insurance quotes from multiple insurance companies.  Also, make sure the website doesnt ask for your contact information prior to showing you quotes.  More on that later.

Dont be fooled by the websites offering life insurance quotes that are nothing more than lead generation sites for life insurance agents and brokers.  What happens on these sites is you fill in your information and several choices pop up.  However, most of whats being displayed are other life insurance websites.  So youve just spent this time on this site only to be directed to other sites.  When you click over to these sites, you will be asked to fill in your information again in order to get quotes.  Not only did you just waste your (valuable) time, but now multiple web sites have your personal information.  Aside from the value of your time were discussing here, do you really want your information spread over multiple websites?

Another similar type of lead generation website is one in which they gather your information, dont show you quotes, but rather sell your information to multiple brokers and agents who will call you and try to sell you a policy.  How much of your precious time will be spent speaking to (or avoiding) these phone calls and emails?

I shop on the Internet for the convenience and, contrary to my wifes opinion, I value what my time is worth.  I do most of my shopping online because it is fast and relatively simple and I can find and purchase what I want in a short period of time.  If I want to buy a new computer, for example, I dont want to go to a computer website that will recommend me to other sites (Amazon.com is an exception to this because, even though I might be purchasing from a vendor that isnt Amazon, they process and guarantee the transaction).  I want to go to a site that shows me all the computers within my price range with the features I am looking for.  Once I find one, I can read up on it and make my purchase on the spot.   This way, I save not only on the price but, if you factor the value of my time into it, the savings are even greater.

There are several excellent life insurance websites, LifeInsure.com being one of them, that will show you quotes from life insurance companies without needing your contact information.  You can then apply for the policy without having to go to one or more additional websites. The price of the poli

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Hastings Direct upgrades motor insurance policy

UK-based insurance broker Hastings Direct has upgraded its motor insurance policy to include protection against uninsured drivers and vandalism at no extra cost to its customers.

Hastings Direct said that uninsured drivers cost UK motorists GBP500m each year, yet less than one in five of UK fully comprehensive motor insurance policies offer protection against uninsured drivers.

UK drivers who take out Hastings Direct or Hastings Premier motor insurance policies will now be financially protected against the 1.5million uninsured drivers on UK roads, ensuring that their no claims bonus and excess payments are protected.

Hastings Direct head of new business Shaun Law said that UK motorists are facing a tough enough financial burden with rising fuel prices etc.

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Medicare pay cuts and healthcare impact

The recent failure of the super committee to come to terms regarding the debt crisis has sparked considerable debate because mandatory Medicare pay cuts will now go forward. Physicians and hospital administrators are warning that the cuts are likely to have a considerable impact on U.S. healthcare; many doctors may drop Medicare patients and hospitals might be forced to trim their staff and consolidate facilities. Some healthcare analysts, however, counter that the problem is not that physicians will be short-changed, rather that most will continue to be overpaid. In regard to hospitals, some analysts contend that the imminent cuts are not that significant and can be easily covering by streamlining hospital operations.

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Will Large Groups Encourage Sick Employees To Seek Coverage In The Exchanges?

I found this Kaiser Health News article to be particularly interesting.  It considers the possibility that once the health insurance exchanges are up and running in 2014, large employers who self insure might begin structuring their health insurance coverage in such a way as to be unappealing to employees who have the greatest need for health insurance.  60% of employees who have group health insurance are covered by a self-insured policy.  These plans give the employers maximum flexibility in terms of structuring the plan for better or for worse.

The article includes thoughts from experts with differing opinions on the issue.  A

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