Why You Should Consider Buying Income Protection Insurance

Income protection insurancePeople buy insurance for their cars because it is required. Health insurance is a necessity for the family. We see to it that our houses or properties are insured, our business is usually insured. However, income protection insurance is something we take for granted.

  1. What is income protection insurance?

It is a long-term insurance policy which helps you if you are not gainfully earning due to illness or injury. It substitutes a portion of your income if you are unable to earn gainfully.

  1. Who needs this type of insurance?

Sometimes buying income protection insurance is taken for granted because if you are in good health, you will never think that things will turn upside down, that’s when serious illness or injury happens. No one wants to think bad of the future, but how often do we hear horror stories that the father or mother or whoever is the breadwinner of the family couldn’t work anymore because of injury due to a fall or accident or critical illness. What will happen to the family they are raising? Yes, you may have savings but how long will you survive with it, considering all bills and living expenses to pay? Sooner or later your finances will go down the drain. If you are being cautious and think for the family’s future, you will consider buying insurance protection for your income.

  1. Are there people who don’t need this?

You may not need income protection insurance: if you can survive using your sick pay; if your government benefits are enough to cover your Protecting your income with insurancebills; if you have saved enough to see you through your lifetime; if you think your family can support you.

  1. Why should you consider buying it?

First of all, anything can happen to you. It doesn’t matter if you have a family to raise. People dream to see that their income keeps coming consistently to provide for their loved ones until their old age. Unfortunately, this dream may not come to pass. Having protection gives peace of mind for you and your family. You or your wife may be working double time to provide a comfortable life for your kids. If you will become incapacitated and can not work anymore, then it causes loss of income, and it crashes your family’s finances.

Buying income protection insurance allows you to keep up with your debt payments. Paying bills and living expenses is already stressful enough, and even more so if you have to pay for car loans and credit card bills. Furthermore, it gives you more protection. Income protection can complement other insurance plans.

Nothing beats professionals and experts advice. Get an income protection insurance quote from Life’s Great. It is important to seek an expert’s advice because you are not simply buying bags or shoes. It is like you are buying a lifetime. They will determine the cost of the policy which varies considering many factors like age, the nature of your job or business, how much of your income would you like covered, what is the waiting period for the policy to pay out and lastly, your state of health including your medical history. A medical check up might be required.

Don’t wait for something to happen, seek an expert’s advice. Invest in income protection insurance now!

Different Levels of Business Management

Business degrees and careersBusiness is becoming increasingly global. Having a general business degree allows someone to be flexible when it comes to job finding. This type of degree covers a broad range of subjects in accounting, management, finance, sales, marketing, etc. Most of these different focuses can qualify the person for many entry-level positions.

Here are some careers to consider if you’re a graduate of general business.

Financial Business Planner

Many business owners and clients hire people to assist them with financial decisions such as investments, taxes, and insurance.

No specific degree is specifically needed for this position. However, it is common to hire business and finance graduates for this particular career.

A master’s degree in Business Administration will qualify candidates for managerial positions in bigger corporations.

Budget Analyst

Budget analysts keep track of the organizational spending and prepare reports of the financial status of an institution. A bachelor’s degree is required for this at an entry-level position, but some companies often prefer a graduate degree holder. Entry-level employees are often in a year-long training for them to learn the corporate system and budgeting processes for a complete cycle.

Success in business

Management Analyst

According to a Yahoo! survey, management consultation is one of the highest paying jobs in the business market. Consultants are often tasked to guide managers in profitability and efficiency in the workplace.

A bachelor’s degree in any business related focus is often required for this entry-level position. Higher positions may require a graduate’s or master’s degree. According to the Bureau of Labor Statistics, there is about 28 percent of management analysts that had graduate degrees as of 2010. This job is attractive because of the many problems that are encountered by managers when it comes to employee productivity and company profitability.

Sales Manager

Sales managers are tasked with the training and organization of sales teams, analyzing statistics, and forecasting sales goals. They play a significant role in sales and distribution companies. At entry-level positions, a bachelor’s degree is often required, but a graduate’s degree is preferred for advancements.

Other degrees for this position may include business law, economics, management, or marketing. Employers often prefer hiring people who have at least a year of experience in the field.

Management levels of businessMarketing Manager

Marketing plays a significant role in the business world. A marketing manager is in charge of commercialization of products and services that are offered by the company. They need to be outgoing, aggressive and spontaneous in nature to encourage creative ideas in marketing. Competition is fierce, so creativity is an excellent quality required for this position.

Account Manager

The role of the accounting manager is to oversee and develop the system for faster and efficient financial reporting. Accounting managers also execute accounting for human resource objectives such as hiring, selecting and orienting, achieving operational goals, meeting accounting objectives, monitoring the company’s financial status, maintains accounting controls and financial security, and building lasting relationships with the company’s clients. A bachelor’s degree in business with a major in accounting is a requirement at an entry-level position.

There are many job opportunities in business, especially management. Careful career planning and acquiring relevant skills or certificates needed will increase your chances of getting hired.