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Life Insurance- A Must!

Life Insurance

Your untimely death may result in financial constraints for your family. Though there are no U- turns in life, you can still do a lot for your family by securing their future. A regular source of income for yourself and your family is the one of the things that you must keep in mind when planning for the future.

The reasons why people buy insurance policies these days have certainly changed from the reasons in the past decade. As the time is changing, so are the needs. Let us have a look at the various reasons prompting people to buy life insurance:

  • Life insurance-The foremost reason still stands the same as its inception. More than 80% of people insure their lives in order to make their family’s future secure as it provides tax free funds to help your family get on with their lives.
  • Emergency Fund and payment of outstanding bills- People tend to buy insurance policies to meet their adjustment expenses, such as medical or time off work expenses. Other than this, insurance policies also help people pay off their outstanding debts like mortgages and other loans.
  • Education funding- Many life insurance policies have the option of education funding on the death of a parent.
  • Income Replacement- You can protect your family’s future by buying income protection policy in the event of a death or serious illness.
  • Funeral expenses- Funeral insurance provides complete coverage to costs related to funeral and other administrative expenses.
  • Business protection- Business insurance policies often prove to be a valuable asset to fund partnership agreements. Upon the death of a business partner, his family can be significantly bought out with insurance proceeds.

All said, life insurance policies should not be treated as to accumulate wealth but as a financial security for future liabilities and other financial commitments like mortgage, medical bills, education fess, etc. You must take time to research the insurance industry for reputed insurance providers, best policy types, and additional benefits. Any hasty decision in buying a life insurance policy can result in a wrong deal.

Life insurance is the best place to compare life insurance policies and their providers. Visit the website and compare life insurance quotes for free.

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Too Much To Do, Too Little Time – Are You Busier Than Ever? – Guest Blog

Something’s puzzling me and I can’t quite work it out.

Today, we have more time-saving, convenience creating, effort reducing resources than ever before and yet we seem to be busier, more stressed and time poor.

I just don’t get it. There’s now an app for everything and you can DIY or outsource pretty much anything so in theory, life should be getting easier, right? Wrong!

As as an executive coach visiting clients in various city offices, I notice an insidious, entrenched and common theme. My clients are smart people working for corporate, government and non-profit organizations, all with very different purposes and yet one way or another, they all lament their lack of time. Here are some of the expressions I hear often – maybe you relate to them:

I don’t have the bandwidth

I’m in back to back meetings all week so won’t have time…

My inbox is killing me

We’re really stretched at the moment

There isn’t time (the common cry of a pressured project team juggling multiple priorities as they stare down the barrel at a ‘go live’ for their system in 3 weeks)

The ‘inbox’ one was interesting. One guy had over 2,000 unread emails in his inbox and his way of surviving the email tsunami was to ignore them until the sender spoke to him directly. “I figure that if it’s important enough, they’ll come around and talk to me or pick up the phone.” Hmmm, sounds good in theory but I wonder how that works if the email is from the CEO.

Yet, he’s also onto something here – he’s Filtering. By prioritizing his emails based on a set of criteria (in his case the personal contact effort made by the sender), he’s filtering in what he believes is important and ignoring the rest.

With millions of bytes of information coming at us every second, we’d soon drown in overload if we didn’t filter it. Our natural reaction is to distort, delete or generalise as a mechanism to keep control of our lives. Yet, if that was an effective technique, why are we all still so busy?

If this is how it is for you, it’s time to spring clean your filters.

Like every other useful resource we can call on, our information filters need routine maintenance. Over time they become clogged with the exhaust fumes of life. Rather than consciously and regularly sifting out the obsolete and unnecessary crud whilst keeping the important, they become blocked.

Understand what’s driving your ‘busy’.

Our actions are driven by an underlying cause that often isn’t connected to the activity or its outcome. This can include ‘a need to be needed’, a determination to be seen to be ‘on top of it all’ ( superwoman/man syndrome – a common one for perfectionists and high achievers), or procrastination because we’re not sure what to do or how to do it. This can lead to aimless ‘fluffing’ and before you know it, you’ve blown hours or days and achieved little more than frustration.

Recognising the real cause of your lack of time helps you take steps to reclaim it. Think about it – if we valued time as much as we value money, wouldn’t we have more rather than less? Imagine how different it would be if you had plenty of time in the tank and were time rich rather than time poor.

Decide what’s mportant

The best way to et the ‘busy’ under control is to check in on what’s most important and ensure ou’re focus is largely on your main priorities. Do you really need to attend hat meeting that you know will go round in circles or is it just that you on’t want to mss out on being ‘in the know’?

Know what matters most

Check that your priorities will make a real difference. One of the best ways to identify this s to ask, “Of all the things I’ve got on my plate, which will make the most difference a hundred years from now?” Chances are not many, but it’s a sobering thought. If it doesn’t really matter – don’t do it! Choosing not to do something is surprisingly liberating.

Identify the best return on your time investment.

If there were no limits, what would you choose to be doing right now? Yes, you do have a choice as to how you spend your time, far more often than you realize. Which task is going to pay back far more than the time you’ll invest in it? This is a great way of stripping out the time wasters from your day.

Clogged filters are making us busy. That’s my theory but I’m sure it’s not the whole story. With so much more at our fingertips to ‘save time’, why do you think we’re still soooo busy?

Caroline Cameron is an executive, business, career and lifestyle coach, who presents enlightening new insights into the life many of us are living today. Caroline is the founder of professional and personal development company, Possibility to Reality www.p2r.com.au. Caroline offers a specialist service to help those wanting to successfully escape the rat race (www.seachangesuccess.com.au) and is ANZI Coaching’s ‘Coach of the Year’ for 2011. Connect with Caroline via LinkedIn, Twitter, Facebook and her blog.

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