Rabu, 31 Oktober 2012

The Importance of Taking The Appropriate Policy

Taking term life insurance is important since it will ensure that the standard of living of the insured and his or her family remains the same, if not better, particularly upon retirement. It is therefore advisable to take the direct life insurance policy to meet future needs. It is equally important to match the terms of the policy to the needs of the applicant. This will ensure that the dependants are covered adequately, until they get to the point of providing for themselves. Matching the policy and the need will also ensure that the spouse is catered for by the policy until the retirement income is made available.

The insurance policy should be purchased when the insurance shopper is healthy. Therefore, the policy should be matched with the term when they expect to stay healthy. It is equally important to avoid lying on the policy because the insurance companies will eventually discover the truth when they undertake investigations. In case you fail to admit to behaviors, habits or heath risks during the application, the beneficiaries may fail to receive the benefits in the event of the death of the policyholder.

It is equally important to shop around for insurance to get a policy that caters for your needs and budget. Due to the challenges associated with searching for insurance, many insurance shoppers end up applying for the first insurance cover they come across. As a result, they end up paying more than they should. To overcome these kinds of challenges, get in touch with companies and insurance agents or access different website before making an informed decision.

The internet is one-stop shop proving to be an important resource. This is because you can use this single source to compare different insurance policies from different insurance companies. By filling in information to basic questions, you will be able to get quotes from different insurance companies; giving you an opportunity to compare different rates from the safe confines of your home.

The term insurance is not difficult to understand. Furthermore, it allows for individuals to make different kinds of choices. Direct life insurance is good for needs that fall within the short-term, such as the children's college education and catering for the mortgage. Therefore, parents can consider purchasing an insurance cover that expires upon the children's graduation from college, for purposes of ensuring that the education is fully paid for. Alternatively, the main breadwinner can take up a policy that matches the period of the mortgage.

Making a Workplace Accident Compensation Claim

Workplace accidents happen on a too frequent basis as more and more employers make profits more important than the health and welfare of their employees. Whilst the economic climate might make things quite difficult financially for businesses, they still have a duty of care to protect employees working on their premises.

If you have been injured recently as the result of a hazard or risk at work, it's time to take action. Whether you were not given the right equipment or made to work with faulty equipment, you will have the right to make a claim. Your injury could also be the result of lack of training in which case you should also get in touch with a workplace accident claims company.

Many workplace accident compensation claims state that long periods of time off work were experienced. Most companies will only pay equipment, you will have the right to make a claim. Your injury could also be the result of lack of training in which case you should also get in touch with a workplace accident claims company.

Many workplace accident compensation claims state that long periods of time off work were experienced. Most companies will only pay you for a short time before switching off your pay completely. This means you'll be left with no money for your mortgage, your bills or your living expenses. This is why making a workplace accident compensation claim is more important than ever before.

Why should you be made to suffer when an accident in the workplace was not your fault. If you previously alerted your employer to the dangers and they did nothing to remove the hazard, they will probably face charges on negligence grounds. Your employer has a duty of care under Health and Safety law to protect you from hazards in the workplace.

Many workplace accidents occur because of faulty or unsuitable protective clothing, defective equipment or lack of adequate training. Injuries can range from the minor such as an eye infection caused by workplace substances to the loss of a limb and even death.

The most important thing you can do when you have suffered a workplace injury is to get in touch with a personal injury team to speak about your injury and how it happened. They will then be able to tell you whether you have good grounds to make a workplace accident compensation claim. In most cases, when the accident was not your fault you will be eligible to start the claims process. Make sure you choose a compensation claims company that offers a no win no fee promise.

When It Comes to Watercraft, Oil and Water Don't Mix - Are You Covered?

If you're a boat owner, there's a chance you may have overlooked obtaining the right boat or watercraft insurance policy. Perhaps you've been under the impression that your homeowner's policy covered your boat as well. The truth is that some homeowner's policies may provide limited boat liability insurance coverage, with the determining factor being usually the power of the boat motor. It's best to check your policy carefully and discuss your specific situation with your insurance agent.

Now's a good time to make sure you have appropriate coverage. And if you do have a boat or watercraft policy what exactly is being covered? There are different coverage options for boat owners to insure that their boat and its passengers are protected. These options include physical property damage, watercraft liability, medical payments, fuel/oil liability, uninsured watercraft, boat equipment, and emergency services.

The environmental disaster of the oil spill in the Gulf of Mexico comes to mind, and boat owners have shown concern about coverage for unforeseen circumstances. An oil spill from your boat could have a serious financial impact if you are personally responsible to pay for the clean-up. This type of occurrence is usually covered by the watercraft liability coverage on the boat owner policy. However, some policies do have separate limits that are specific to fuel oil liability.

Keep in mind that a personal umbrella liability policy, which provides an extra cushion beyond normal liability limits, does not extend to a fuel spill liability. Therefore, it's very important to carry $500K or $1MM in fuel spill coverage on the boat policy to make sure you're protected.

Boat owners may also neglect to take other operators into account when purchasing their policy. If you borrow someone else's boat, make sure your policy covers your liability on that boat, including fuel spills, which would be outlined under non-owned boat liability coverage. Although some boat policies will cover any "permissive operators" who drive the boat with permission, some boat insurance policies may provide coverage only to those operators listed on the policy. In addition, if someone operates your boat and causes a serious accident, they may be covered as a "permissive driver," but be careful because your policy may only cover those individuals specifically listed on your boat policy as operators. And this is a case where a personal umbrella liability policy could come in handy. While this policy would cover your liability exposure in operating someone else's boat, there are underlying limits that will likely leave you with a gap of $100,000 or more.

But here's the good news! There are a number of discounts that could help you save on boat insurance. These discounts might include policies on a new boat and diesel engines. You might also be eligible for a multi-policy discount on your boat and auto insurance. And remember that you may be able to earn discounts for successfully completing certain boat education courses.

Vision Insurance - Spectera

Spectera touts its principals of high quality while maintaining affordable costs associated with vision care. Their vision plans offer flexible programs, with and without co-pays, and with a full range of choice of frequency options and methods of funding.

Spectera's benefits include:

Comprehensive Eye Exams-the eye doctors that partner with Spectera provide complete and thorough vision exams which include both the diagnosis and a treatment plan if required.
Frames-Most frames on the market today are covered, in full, except for applicable co-pays.
Contact Lenses-Spectera's contact lens benefits are unparalleled in the market. The exam, the fitting, the contacts (even disposables) and up to two follow-up visits are covered in full, after the applicable co-pay.
Laser Eye Surgery-partnering with the Laser Vision Network of America, Spectera members have access to substantially discounted laser eye surgery. Members have access to more than 400 NCQA, National Committee for Quality Assurance, credentialed laser vision locations and receive a 15% discount off the standard or usual and customary price, or 5% off of any promotional price that may be offered at the time.
Spectera is proud of its unmatched network availability. Not only do their clients include both private and retail chain providers, but they own their own chain of United Optical stores. This means that most members of Spectera will have no problem finding a conveniently-located provider. From their site you can even look for a provider before ever signing up, which ensures that you will have the access you need. You can search on either your zip code and within up to a 50 mile radius or you can search by city and state. You can also search by doctor or practice name and get complete driving directions. How could it get any easier?

Spectera also has the means to oversee their quality control and cost containment. Spectera's optical laboratory, Crown Optical, maintains stringent quality standards, even more than the ANSI, the American National Standards Institute. Leading edge technology and software has resulted in the highest quality and efficiency in the fabrication of eyeglasses in the industry. And in order to deliver on their cost-containment pledge, Spectera's providers deliver services at 20 to 40 percent below the usual and customary charges for eye exams, lenses and frames. Spectera even has a double-claims system in place, allowing for easy processing of both electronic and paper claims.

Spectera also offers in and out-of-network benefits and has a handy toll-free number and an email support system to determine coverage and to help in the claims process.

So, when making a decision on vision insurance, or if you are a company looking for vision coverage for your employees, make sure to include Spectera in your cost and benefit comparison.

Self - Employed Liability Insurance

If you're self-employed and have a small business operation, it's likely that you need liability insurance coverage but don't already have it. Unfortunately, the information available on liability plans for solo entrepreneurs and small business folks like you and me is pretty limited.

Have no fear...

In the following article, I'm going to walk you through the basic steps for setting up high-quality self employed liability coverage so you can be sure that you avoid a financial disaster in your own operation.

When most of us think of "insurance" we generally think of more personal coverage -- health insurance, auto insurance, even home insurance. These are the most common types of premiums most of us carry and pay for every year or every month.

What is Liability Insurance?

Sadly, these basic categories of insurance leave out what many people are discovering is one of the most important types of coverage you can carry as an individual -- liability insurance.

Simply put, liability coverage protects you from any unexpected events, losses, or accidents not otherwise covered by your traditional insurance policies.

But to really understand "liability protection" you'll need first to understand what a liability is in the first place.

Basically, you are typically liable for anything that you could be sued for in a court of law. (Keep in mind, I'm talking specifically about United States of America court systems and US law.)

Although we're discussing self employed liability insurance here, there is also personal liability coverage which can be obtained to protect you from losses occurring outside your business activities.

Business liability plans apply to things you could be held liable for specifically within your work realm.

Why You're at Risk if You're Self Employed

Chances are pretty good that if you're a self-employed individual, a freelancer, or a small business owner, then you're probably working in a professional capacity where you're advising, consulting, managing, or otherwise giving advice or recommendations to other people.

This is a really important point.

If you're doing any form of consulting, you are at risk for a lawsuit. Period.

Most people never think about this because, generally speaking, most customers and clients are very nice and friendly and we could never imagine them taking us to court and pursuing legal action.

But the more business you do and the more clients you take on, the more risk you take on.

How to Get Self-Employed Liability Coverage

If you're reading this article and considering getting self-employed insurance protection with a liability protection plan, it's really easy to get started.

The first step is to get a quote. And you can do that online quickly and easily right now!

Factors That Influence You to Buy Travel Insurance

Buying travel insurance before a holiday has become important. One of the most important things to plan before travelling is a comprehensive travel insurance policy to cover your trip. However, there are some people who remain unaware of the importance of having a travelling insurance policy in place while abroad and for many, insurance policy is the least important task to consider before departure. Some of the factors that highlight the importance of having being insured during travel are outlined below

Medical Expenses

The most important reason to purchase a comprehensive Insurance policy to cover your holiday is to cover the cost of medical expenses while abroad. In the event of an accident or unforeseen illness emergency medical assistance may be required. The cost of medical care varies in different parts of the world and can be very expensive in some locations. Air ambulance and repatriation cost will also be covered in the event of a serious illness or accident.

Holiday Cancellation

In the event of an illness or bodily injury of you, a travelling companion or a close relative or a death in the family, forcing you to cancel your trip, financial loss may occur. If the illness occurs just days before your trip you may have all payments made in full for flights, accommodation, travel tickets etc. and cancelling your trip will result in a huge loss and disappointment. A good insurance policy is designed to cover such losses.

Missed Flights

Allowing yourself sufficient time to get to the airport and check in before your flight is important so minor delays will not result in a missed flight. However, unexpected delays may occur such as a breakdown of your vehicle on the way to the airport or a breakdown of another vehicle causing traffic delays and causing you to miss your flight. With comprehensive holiday insurance in place, the cost of an additional flight and any reasonable accommodation expenses incurred in reaching your overseas destination will be fully covered.

Theft or Loss of personal belongings

Unfortunately, tourists are often the victims of muggings in foreign countries. The theft of personal belongings and personal money is covered under most insurance plans. Loss or theft of important documents such as passports, credit cards, travelling documents and Visas is very serious and is important to have adequate cover for such losses.


In the event of a death or serious illness of a close relative at home while you are abroad the cost of curtailing your trip will be covered.

Checklist before buying travel insurance

Are your medical expenses abroad covered?

Anyone can get sick, whether at home or abroad. Make sure that your insurance policy covers all hospital bills along with prescription costs that you incur overseas.

Is there any accidental cover?

Accidents on holidays are common as you participate in activities you are new to or may not partake in at home. You can protect yourself by being alert but this is not possible at all times. It is important that the insurance provider covers your emergency medical evacuations by air if necessary, which you may need if travelling to a remote location where there is no medical help nearby.

Flight cancelled! Now what?

Strike, airline insolvency, adverse weather or mechanical breakdowns all cause flight delays or cancellations. Every year thousands of flights are cancelled by airlines due to different issues which affects holidays. By having a travelling insurance policy that offers cover for sudden flight cancellation by airlines, ensures that the additional expenses incurred in purchasing alternative flight tickets will be reimbursed.

You have to cancel the whole holiday!

Imagine just before the scheduled travel date, your child becomes ill with chicken pox. You have purchased non refundable air tickets and have already booked a hotel. If the trip is cancelled you will be at a huge loss. So trip cancellation cover must be included in your insurance policy documents.

These points are very important and should be followed strictly before buying any travel insurance policy. By considering these points, your holidays will be covered so you can concentrate on packing!

Additional Life Insurance For The Seniors

Getting life insurance for people over sixty is easier these days. Insurance companies have already accepted that the human life expectancy has increased, and have begun granting coverage for seniors over sixty years of age.

So if you are a senior with an insurance policy, but you think that the proceeds of this insurance will not be enough to cover the needs of your family, securing an additional policy might be helpful.

Tips For Buying Life Insurance

Life insurance policies have evolved, and a policy similar to the old policy you bought years ago may not be the one you need to secure at this time. A little bit of research will help you get up to speed on the latest guidelines and prevailing market rates you need to know in order to make an educated decision.

The first thing to do is to gather and compare online quotations from several insurance providers. This is made easier, thanks to the Internet. Compare the rates and payment options, and then carefully consider your current budget for the premium payments.

It's also good to know that some insurance companies also provide a grace period for premium payments. This basically guarantees that the policy will not be cancelled in the event that you choose not to pay the premium, provided that the account is updated within the month.

You'd also want to take into account the amount of proceeds that you would want to receive upon the maturity of the policy. To determine the amount that you'd ideally like to get, add all of the possible expenses that your family might incur in case of your untimely death. You can also add the day-to-day expenses you normally pay for, anticipating how long it would take them to be financially capable of taking care of themselves, and add this to your target amount.

Life Insurance Options

The two basic insurance policies for seniors are term life insurance and whole life insurance.

With term insurance, you can choose the length of the coverage, which usually ranges from five to thirty years depending on the provider that you choose. You will receive the proceeds of the insurance at the end of the term.

Whole life, on the other hand, will cover your entire lifetime as long as you continue to pay the premium. This policy also includes a cash interest over time, which makes this policy similar to a long-term investment.

Health Concerns

A good majority of seniors are in excellent physical condition, but it's expected that these individuals will have health problems. Insurance companies can offer affordable life plans for seniors over sixty-five who have medical issues. The rate of the premium would depend on their particular health condition: some providers might require you to undergo a medical evaluation to have a better understanding of your health. Seek the assistance of a professional agent and discuss your health condition beforehand. You will then be able to decide on the coverage that is most suitable for your needs.

Caravan Insurance - Why Choose Legal Expenses Cover?

One of the biggest gripes from customers about insurance is probably "well they add on all of those expensive add on products that you don't need" and this is particularly prevalent with motor insurance.

Those experienced caravanners who have caravan insurance, however, will know that there are very few additional covers that can be applied to caravans. The caravan insurance policies are normally "all in one" standard covers with standard protection for fire, lightning, earthquake, storm/flood, theft and attempted theft, accidental damage and malicious acts or vandalism with other covers that the levels vary between insurers.

One example of a caravan insurance add-on however is legal expenses. This type of cover has become very popular in the last few years as society has become more litigious and the suing culture is increasing rapidly.

The base cover under a touring caravan legal expenses policy is for an amount of cover (typically £50,000) and this provides the customer with legal costs to negotiate over the purchase or sale of a caravan and any nuisance or trespass relating to the caravan.

The legal expenses would also typically cover costs to pursue uninsured loss and personal injury claims arising from the use of a caravan against those responsible and contract claims against those providing defective goods or services in connection with the caravan.

Another key feature is legal costs to defend against criminal prosecutions arising from owning caravans and contract claims brought by a person to whom private goods have been sold.

There are always exclusions within policies and legal expenses are no different, there is always an exclusion on incidents arising before the contract of insurance began, as in if you have a pre existing problem this cannot be covered under this insurance.

Most sections of the policy will have limits, such as the amount in dispute must be at a certain level (e.g over £125) and an excess of typically £250 where the customer is liable.

As with all insurance policies it is best to advise the insurer as soon as you become aware that a claim may arise, and this is so that you can get the best possible advice, you are paying for it after all!

The touring caravan legal expenses is the ideal additional policy to add on to your caravan insurance and the cost is typically £10-£15, which is not a lot in comparison to the potential outlay in the event of a legal dispute. It is also important to include this cover as this may not be covered under other policies, as normally your legal expenses is to cover the specific item that you are insuring.

As mentioned above the number of caravan tourer legal expenses taken in the last few years has increased with the demand for legal action, we have all seen the adverts on the television asking if you have had an accident etc and so with this in mind the more protection you get the better!

Are You Insured? Pros and Cons of Pet Insurance

More and more people are disassociating themselves from the "dog owner" label and are instead embracing the role of pet parent. We are realizing that dogs are not mere objects to own but members of our family and therefore should be treated with as much care and respect as you would your own kids. Birthdays, holidays, family vacations and even the occasional spa day or restaurant outing are some of the events in which including the family dog isn't so unheard of anymore.

As a cherished member of the family, it's important to keep your dog happy, healthy, and well adjusted. Proper obedience training, biologically appropriate nutrition, and regular visits to your veterinarian are all important ways we can help ensure our dogs get the best opportunity to live a long and happy life.

When it comes to your dog's health, it's always a good idea to be prepared for anything; because you never know when an accident will happen or you or your pet will run into a medical emergency. 
Make sure to keep a well-stocked first aid kit on hand with all the items necessary to keep both you and your family safe... including your dog! 
You should keep a first aid kit on hand in your home, in the car, at work and even when you're traveling with your pets.

Health Insurance Not Just for People Anymore

Another way to be prepared in case your dog is injured in an accident or contracts an illness is to have a pet insurance policy. Health insurance is not just for people anymore. Pet parents now have the opportunity to purchase insurance for their dogs to help offset healthcare costs down the road.

Similar to health insurance for people, pet insurance can cover everything from routine checkups, emergency procedures, alternative therapies and even genetic conditions (depending on the plan).

Pros and Cons of Pet Insurance

So why would you want to get health insurance for your dog? Well the benefits of pet insurance are many: 
• Pet insurance can help cover costs associated with routine care, accidents, illness, medications, and immunizations (depending on the plan). 
• Some policies will cover prescription foods or alternative therapy such as acupuncture, chiropractic, homeopathic, or hydrotherapy. 
• Many plans are customizable so you can add or remove coverage as needed. 
• Most companies offer a 30 money-back guarantee if you decided to cancel and don't use the insurance within the 30 day window. 
While there are many people that swear by having insurance for their pets, there are some critics out there that aren't as convinced. The main arguments against pet insurance are: 
• Some policies don't cover pre-existing conditions and have strict guidelines on what is considered a "pre-existing condition". 
• Some companies have age-limits set within their plans. This means that older pets may have reduced coverage or worse, they may not even qualify to be covered. 
• Some plans require that you seek care from an in-network veterinarian in order to qualify for insurance reimbursement. 
• Some plans charge a penalty if you cancel your plan early so be aware of this.

Questions to Ask When Shopping Around

There are many different companies out there that now offer pet insurance. Before you make a decision, it's a good idea to do some homework to make sure the plan is right for you and your dog.

Here are some questions you should ask: 
1. "Can I choose my own vet or do they have to be part of your in-plan network?"

2. "Do you cover:" 
Genetic conditions (hereditary/congenital)? 
Alternative therapies (chiropractic, acupuncture, hydrotherapy, etc.)? 
Pre-existing conditions? 
Breeding, whelping, pregnancy? 
Prescription drugs or food?

3. "How is reimbursement calculated?" (Actual vet bill vs. average rate for service)

4. "Can I customize my plan such as choosing my own deductible or adding/removing benefits?"

5. "Are there policy payout limits? If so, what are they and are they based on per incident, annual, or lifetime basis?"

6. "Do you exclude dogs that are fed raw food diets from your coverage?"

7. "Are there any multi-pet rates, military discounts or any other offers available?"

Senior Life Insurance Issues

Fortunately Life life insurance polices are now available for seniors at different point in their lives. It is important for Seniors to get a policy at an early age generally soon after 50 in order to avoid high monthly premium cost. Today as seniors get to the later stages of their lives they are finding it difficult to find affordable options. As seniors are living longer some are finding no options available to cover even a small funeral. It is very important that seniors lock in to getting a whole life policy at an early age in order not to find themselves un-insurable later on in life. The benefits of getting a policy early is significant in avoiding family financial frustration as your lived ones plan for on unexpected funeral event. You can protect you family in the event of one's unfortunate death bay having a policy.

Before you get a senior life insurance policy, it is important that you compare quotes, companies and policies. It is very important that you know your life insurance policy. A whole life policy must last your whole life. Topically with whole life policies coverage is up to age 121. You need a policy to be in force for as long as you live. The benefits of purchasing such a policy will be realized when seniors passes away in their nineties and are happy to know they had policy in place thereby avoiding a financial emergency for which family members are not prepared. A you look at each senior life insurance company be sure to look at how long the company has been around. If they have been around for a long time you know they have survived the ups and down of the economy. Thus having a good track record that gives you the confidence of knowing that they will be there in the future when your loved ones need them. It is always advisability to consider the advantages and disadvantages of a term life policy verses a whole life policy.

One of the major benefits of having senior life insurance policy coverage is that your loved ones can easily go on and plan the funeral when that time comes. Thus having the peace of mind of knowing the funeral expenses can quickly and easily be paid and allowing no frustration due to lack of funds. As such, senior life insurance policy can be the safe line needed for future funeral events for which one is not prepared. While many seniors may be concerned about pre-existing medical conditions, a senior life insurance application often require no medical exam. Thus, most seniors can easily qualify for a final expense policy to cover burial expenses. As most concerned families are looking for a senior life insurance policy for their senior parents, it is always important that they speak with a licensed life insurance agent who can guide you in selecting the right policy.

Minggu, 21 Oktober 2012



Selasa, 02 Oktober 2012

Car Insurance Quotes: Cutting prices for more cost-effective Coverage

The quest for low amount are a few things each folks is happy to start. the actual fact is insurance quotes, and therefore the price of protective a automobile, mustn't be terribly high. There ar a lot of pressing expenses to fret regarding, like paying different social unit bills and repaying loans.

But thankfully there are insurance options available that help to cut these costs. Getting quotes online is the secret, with the variety of insurance companies operating over the Internet more than ever before. The swell of austerity measures that ordinary consumers are setting themselves, means low cost insurance coverage is a priority for everyone.

Still, it is essential that the right car insurance policy is secured from the right insurance company. After all, affordable policies should not simply be cheap policies, the quality of coverage still needs to be good. But how is this balanced achieved?

Getting The Right Coverage

The quality of coverage does not have to be reflected in the size of an insurance premium. When seeking car insurance quotes it is very important to read the details of the coverage rather than simply the price to be paid. Only then can the right policy be identified and the extent of the good deal be known.

Motorists are required by law to be fully insured, and without it, the driver may have to pay any damages following a collision out of their own pocket. In the case of a serious incident, this can translate to thousands of dollars. The good news is that getting quotes online is a fast and simple chore thanks to online companies.

There are two basic types of coverage that should be sought in a car insurance policy. First is coverage for collisions, which involves payment of the costs of repairing damage or replacing the vehicle. The second is comprehensive coverage where replacing the vehicle itself, if it is stolen or written off in an accident, is covered.

How To Save Money

Of course, the size of the premium is telling when assessing car insurance quotes and their relative affordability. But there are ways to save considerably, depending on the vehicle that is to be insured. For example, older cars do not have to be covered for collision or comprehensive insurance to the same extent as newer ones.

The reality with older cars is that their value is much less so it is not considered cost effective to pay for detailed coverage. The amount of premium that is paid over the course of the year can actually be more than the payout should the car finally need to be replaced. In fact, between 10% and 40% on the premium can be saved.

Getting quotes online is certainly easier now than ever before, and raising the deductibles is a simple step towards lowering costs too. It may be worth doubling them from $250 to $500, and in that way save as much as 15% on the car insurance premium.

Other Savings To Be Made

Drivers with experience have many ways to lower premiums. For example, having a proven record as a safe driver positively affects car insurance quotes, while taking full advantage of policy discounts can make a big difference to the overall cost.

But do not forget to take your time in selecting a policy from the array offered by both online insurers and traditional insurers. Getting quotes online is generally the most cost-effective choice, but traditional insurers have some good deals too.

There is no escaping the fact that car insurance is essential, but there is no reason to pay the maximum when so many discounts are available. Knowing where the savings are to be made is the first step towards lower insurance premiums with lowering the level of coverage.