Friday, October 30, 2009
Saturday, October 24, 2009
Professional Disability Insurance
What It Is
So-called professional disability income insurance can address a combination of business and personal needs since the professional person's work is the source of income that pays for both business and personal expenses. For insurance purposes, professional DI policies are those written for people in certain occupations that generate incomes over 0,000 annually. Insurers write professional policies for individuals who need income replacement in the range of ,000 to ,000 per month. Since not every insurance company is willing to provide monthly benefits in these amounts, you will want to locate those that do in order to serve this market.
Income, however, is not the only characteristic that defines this group. Eligibility is generally restricted to professionals who are independent and self-employed, but highly compensated executive employees might also be considered.
Aside from the large dollar benefits involved, professional DI policies operate essentially like any other individual policy. As indicated in an earlier chapter, professionals are eligible for the most liberal benefits of any occupational group. Chapter Eight of this text discusses the various occupational classes more fully. Because of the high incomes involved, one of the major differences between writing professional DI policies and others is that social insurance benefits are not large enough in comparison to actual earnings to interfere with the income replacement calculations and cause over insurance problems.
The Key to the Professional's Livelihood
Reading the list of typical professional occupations above, you can see that these are people who provide vital services for society and who are frequently self-employed. Performing these services is the key to the professional person's livelihood. The inability to earn income by performing these services affects not only personal finances, but also the very life of the business itself since it is those services that keep the business operating.
Consider, for example, a self-employed physician, operating without partners and employing a small staff. If this individual is unable to work, first of all, no income is generated to pay for personal expenses. Second, no income is generated to continue the medical practice by paying ongoing business expenses, including a substitute physician to see the disabled doctor's patients. If a medical practice shuts down temporarily, patients must look elsewhere for services and there's no guarantee they will return even if the disabled physician recovers. The physician is likely to suffer a double loss: current loss of income and loss of the business he or she might have spent years building. There is no substitute for disability insurance to overcome these problems. Later you'll also learn about some specialized disability policies that address ways to keep a business intact during the disability of someone whose active working presence is key to the business.
Friday, October 16, 2009
Medicine is that one field which enables you to improve and enhance the health of the people in the society. Therefore the continuing education enables the students to have a continuous education in the medical field. There is a wide range of scope for the students acquiring information in this field however in order to continue the process medical education demands a lump some money. This amount of money has to be sometimes managed from different money lending organizations like banks, credit unions, etc…
After completing the graduation from the medical schools the first and very primary step is repaying the debt. While applying for loans, paperwork is very important. In order to acquire educational loans on time, submitting proper paper work becomes important. If you avoid the paper work you may to be accessible to loans and acquire education.
In the process to repay the debts students also opt for certain jobs which can bring with him a little amount of hard work and perseverance.However at this point of time when students are already being offered internships, the prime concentration should be on work and not on the repayment of loans. At times the senior doctor or physician keeps the record of the student's loan, observes all the rules and regulation, etc… In simpler words the senior doctors can help the students to make a full proof plan for repaying the debts. Some accurate information is highly recommended in the process which includes rental agreements, auto loans or any application that requires a credit history.
There are certain organizations which may help the students in the process; one amongst them is Loan Information Network Company (LINC) which includes a business manager and a training analyst.It enables the students with an aid in repayment of debt and organizing the schedule.
While keeping the track of the loan what also matters is the guarantee person/agency. There is a process every few months where the agencies sell the loans in the secondary market. With the selling of the loans, the account number changes too. This process leads to confusion in the mind of the student though being very careful with regards to the loan. The change any of your details like name, residence, fellowships, etc… should be informed to the lender immediately. Time factor plays a major role in student's loan. Just delete the word postpone form your mind. Anything that has any connection with the loans is highly important. Complete that task at urgent basis.
At times you can turn into defaulter and is a reason of paying the penalties, late fees and missed opportunities for delay, even though you had done nothing out of the law. Thus you need to be extra careful while the repaying the debt. Mitch Thrower once said, "The layers of multitasking can run very deeply in our daily lives" and thus repaying of debt can just be used as a training session for it.
Friday, October 9, 2009
Whether you must take nursing continuing education courses because your state makes it mandatory or whether you're pursuing an interest in forensic nursing, legal nurse consulting, nursing management, nurse case management or any other nursing specialty, one of the most difficult issues you'll face is finding appropriate nursing continuing education courses and evaluating the information that they offer. There are several methods of getting continuing education hours and CEUs. The most popular include:
1. Professional nursing journals are one important way of keeping current on new therapies, standards and treatments. Many journals also offer specific articles for continuing education credits. In most cases, you'll have to fill out a test after reading the article and mail it in. The cost of receiving CEUs this way can be costly-you'll you have to pay the subscription for the journal, postage for the return of the certificate and often, or more as a CEU processing fee. Obtaining CEUs this way does allow you to concentrate on your desired specialty, but nurses today also must stay current on the overall health care climate.
2. Many organizations offer professional development programs and seminars that include accreditation for some of the courses offered. In many cases, employers will pay part of the registration fee, especially if the subject matter is in a specialty desired by the hospital, clinic or other organization. While the travel to attend professional seminars can be appealing, it can also be quite expensive, especially when you add in the cost of travel, lodging and meals. They're an excellent option, however, if your employer foots most of the bill and the seminar allows you to interact with important experts in your field.
3. Online nursing continuing education courses are often extremely affordable, and allow you to continue your education at your own pace. You don't need to take time away from work to attend online courses, and you don't have to worry about the expenses of travel, lodging and meals away from home. In many cases, the courses are offered by well-known and well-respected institutions of higher learning, including world-class teaching hospitals. In addition, if you take your CEUs through an online portal that offers a full range of nursing education courses, you'll have access to both specialized courses in your field of interest and broader courses that keep you updated on other important developments in the medical field.
You'll find online nursing continuing education courses in nearly every field of interest, with affordable fees for certification of your attendance and completion of the course. In many cases, your employer will cover part of the fee for the course upon completion, making them even more affordable.