Life Insurance 101: Everything You Need to Know

September 2, 2019

Life insurance is often overlooked, but it is important to have a policy with appropriate coverage in place. Having life insurance is beneficial because it can be used to pay final costs, provide financial security to beneficiaries, offer the chance for charitable contribution, pay estate taxes, and cover unpaid debt. When choosing a life insurance plan, you should consider the purpose of your life insurance policy and choose a policy that is at least 5 to 10 times your annual salary. In the following infographic, United Systems and Software has provided everything you need to know about life insurance.

Spotlight

Petersen International Underwriters

As Coverholder at Lloyd’s of London, Petersen International Underwriters has the authority to quote, underwrite, and issue policies on behalf of certain underwriters at Lloyd’s. The Lloyd’s market has been in existence for over 325 years. No other insurance company can match the longevity, the flexibility, and the financial stability of Lloyd’s of London. Realizing the value of the market, Petersen International Underwriters partnered with Lloyd’s and became an approved Coverholder in 1983. Since then, we have developed a series of specialty insurance products boasting the financial backing of Lloyd’s of London.

Other Infographics
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Why Does My Insurance Go Up?

Infographic | February 4, 2020

Do you know the difference between a Hard Insurance Market vs a Soft Insurance Market and the impact it has on your insurance rates? Check out the info-graphic below explaining the difference between the two. Soft insurance markets tend to lead to good conditions for buying insurance, while hard markets tend to lead to the opposite or bad conditions for buying insurance, IE higher costs. What market are we currently in you ask? In short, we are currently in a soft insurance market that is beginning to harden.

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5 Challenges in AI implementation for Insurers

Infographic | January 16, 2020

AI can improve productivity and help in decision making through training datasets. According to the survey of the Dataconomy, nearly 81% of 225 data scientists found the process of AI training more difficult than expected even with the data they had. Around 76% were struggling to label and interpret the training data.

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10 PA Auto Insurance Tips

Infographic | January 4, 2020

Handling different types of auto insurance can be confusing. We have simple things every driver should know about insurance in an easy-to-read format.

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Interesting cyberattacks of 2019 that all reinsures Should Know About

Infographic | January 23, 2020

With the number of cyber-attacks on the rise, it’s natural to think that this increase of cyber-attacks is due to new actors and technological developments, said Yakir Golan, the CEO of Kovrr, the Tel Aviv-based provider of predictive cyber risk modeling solutions. “The truth of the matter is, cyber attacks are very often a modified version of an old attack. Whether it’s the same attack vector, same tools or the same vulnerability with a new exploitation, similar types of attacks, methods and techniques are likely to reappear in the near future and re/insurers should be prepared and on the lookout for how they can affect their portfolios,” added Golan.

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PROMOTING POSITIVE CULTURE WHEN ADOPTING INSURTECH

Infographic | March 9, 2020

How can you promote a positive workforce culture to draw a younger generation of professionals to the insurance industry? A survey by SALT Associates and RGA Group Research explores how culture influences disability and life insurance claims operations in the US and Canada. Results indicate that insurance technology will play a role in improving culture in claims administration by easing workloads and scaling processes. At the same time, positive culture will help foster insurtech adoption in this space.

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How to get life insurance if underweight

Infographic | February 11, 2020

Weight is an important factor when it comes to getting your life insurance application approved. In fact, it could be just as challenging to obtain life insurance if underweight, as if you weigh a few extra pounds. We wanted to take the time and touch on this topic. In this guide, we would outline some of the reasons, steps, and tools to help you get the best available option.

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Spotlight

Petersen International Underwriters

As Coverholder at Lloyd’s of London, Petersen International Underwriters has the authority to quote, underwrite, and issue policies on behalf of certain underwriters at Lloyd’s. The Lloyd’s market has been in existence for over 325 years. No other insurance company can match the longevity, the flexibility, and the financial stability of Lloyd’s of London. Realizing the value of the market, Petersen International Underwriters partnered with Lloyd’s and became an approved Coverholder in 1983. Since then, we have developed a series of specialty insurance products boasting the financial backing of Lloyd’s of London.

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