“When looking to buy new coverage for their vehicle, drivers should consider some essential things before making a decision. Things like how much coverage they need, deductible, and coverage limits are important”, said Russell Rabichev, CEO of IMC

LOS ANGELES (PRWEB)
December 02, 2020

Compare-autoinsurance.org has launched a new blog post that presents a guide that can help drivers get the best car insurance policy.

For more info and free car insurance quotes, visit https://compare-autoinsurance.org/how-much-car-insurance-do-you-really-need/

Drivers who moved to a new state, or have recently bought a new vehicle, are probably searching for a car insurance policy. Every single driver has different coverage needs, budgets, and options available to them. To understand how much coverage they need, drivers should analyze their current situation, weigh their options, and then make an educated decision.

Before getting an insurance quote, drivers should follow the next steps:

• 
      List the coverage they have, want, and need. Knowing what is already insured will help the driver in the process of getting new insurance. Without going through this step, drivers might be tempted to pick up the cheapest offer, possibly wasting good money.
•     Learn about the coverage limits. When buying liability coverage, drivers can see them listed as 100/300/50. This is one of the more common auto insurance policy structures and is also the limit that most insurers currently recommend for liability coverage. The first two numbers represent bodily injury liability coverage and the third represents property damage liability coverage. This means that the insurance policy of a driver involved in an at-fault accident will pay up to $100,000 in injuries per person, $300,000 in injuries per accident, and $50,000 in property damage per accident.
•     Consider dropping coverage for older vehicles. Drivers of newer vehicles should not have more coverage on their older vehicles. Older vehicles are more likely to breakdown, have lesser safety features, cost more to repair, and are easier to steal. They also worth less, and in many cases keeping collision coverage doesn’t make sense. However, to protect their vehicles from theft, some owners purchase comprehensive coverage.
•     Consider adding family members to the policy. Anyone who lives under the same roof as the policyholder is eligible to be part of the family plan. When covering an entire family under one policy, the policyholder is eligible for multiple discounts. Also, if there is more than one vehicle in the household, the policyholder can get a discount for insuring multiple cars. Furthermore, the auto insurance policy can be combined with other policies such as homeowner’s insurance, health insurance, boat insurance, and more.
•     Consider the deductible limits. The deductible is the amount of money the policyholders need to pay before the insurance kicks-in. When buying an insurance policy, drivers should determine how much they can pay for the deductible. To keep car insurance costs to a minimum, drivers can choose the highest deductible. Premiums decrease as the deductible increases.

For additional info, money-saving tips and free car insurance quotes, visit https://compare-autoinsurance.org/

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

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“This recognition validates that we’re focused on the right things and that our efforts to grow in key areas continue to be effective,” said Doug Hammond, chairman and CEO of NFP.

NEW YORK (PRWEB)
December 02, 2020

NFP, a leading insurance broker and consultant providing corporate benefits, property and casualty (P&C), retirement, and individual solutions, finished 2020 with recognition from Business Insurance, Best’s Review and Insurance Journal as part of their annual industry rankings.

NFP was named to the following lists:

• Business Insurance ranked NFP the fifth best place to work in insurance in the large employer category (up from eighth), fifth largest benefits broker by global revenue, sixth largest US-based privately owned brokers and 13th largest broker of US business.
• Best’s Review ranked NFP the 12th largest global insurance broker (up from 13th).
• Insurance Journal ranked NFP the ninth largest commercial lines agency by P&C commercial lines revenue (up from tenth) and tenth largest P&C agency.

“This recognition validates that we’re focused on the right things and that our efforts to grow in key areas continue to be effective,” said Doug Hammond, chairman and CEO of NFP. “We’re proud to be both a growing business delivering specialized expertise and solutions to our clients and a sought after employer as a top place to work in insurance. Our commitment to our employees, our clients and our communities is the driving force behind our rankings and we remain motivated to learn, refine and improve.”

“Recognition is a pillar of our people-first culture, so being named to these industry lists means a lot to our company,” said Mary Steed, chief people officer at NFP. “We appreciate the national recognition, as well as the regional acknowledgements we receive from local communities. Our focus will always be on investing in people, creating opportunities for personal and professional growth, and elevating well-being for colleagues, clients and communities.”

About NFP

NFP is a leading insurance broker and consultant providing specialized property and casualty, corporate benefits, retirement, and individual solutions through its licensed subsidiaries and affiliates. NFP enables client success through the expertise of over 5,700 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors, and financial institutions. NFP is the 5th largest benefits broker by global revenue, 5th best place to work in insurance and 6th largest US-based privately owned broker (Business Insurance); 9th commercial lines agency by P&C commercial lines revenue and 10th largest property and casualty agency (Insurance Journal); and 12th largest global insurance broker (Best’s Review).

Visit NFP.com to discover how NFP empowers clients to meet their goals.

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Lighthouse Group, an exciting addition to Alera Group, was born out of a strategic merger between two Michigan firms. Since that time, they have completed 40 acquisitions in their 25 year history and now serve clients in more than 20 verticals.

DEERFIELD, Ill. (PRWEB)
December 02, 2020

Alera Group, a leading insurance firm, has acquired Lighthouse Group, effective December 1, 2020.

With eight locations throughout Michigan, Lighthouse Group is a Midwest leader in employee benefits and property & casualty insurance solutions. Lighthouse Group was born out of a strategic merger between two local firms. Since that time, they have completed 40 acquisitions in their 25 year history. The firm now serves clients in more than 20 verticals, including specialties in construction, manufacturing and retail. Their extensive team of experts deliver industry-leading, tailored solutions that meet the needs of clients throughout the country.

“Lighthouse Group, led by Tom Helmstetter, is an exciting addition to Alera Group, we are thrilled to welcome the entire team to Alera Group,” said Alan Levitz, CEO of Alera Group. “There is a very natural cultural fit between our two collaborative organizations and an opportunity for Lighthouse to leverage Alera’s national platform for the benefit of their clients.”

“We believe that our new partnership with Alera Group will open avenues for growth like never before, both for our clients and our firm,” said Tom Helmstetter, Managing Partner of Lighthouse. “Together, we will join Alera Group’s national resources with our personalized local services to increase our solution and product offerings. We are proud to join Alera Group and look forward to our collaborative future together.”

The Lighthouse Group team will continue serving clients in their existing roles, supported by Alera Group’s national resources and team. MarshBerry Capital, Inc. acted as exclusive financial advisor to Lighthouse in the transaction.

About Alera Group

Based in Deerfield, IL, Alera Group’s over 2,000 employees serve thousands of clients nationally in employee benefits, property and casualty, retirement services and wealth management. Alera Group is the 11th largest privately held firm in the country. For more information, visit http://www.aleragroup.com or follow Alera Group on Twitter: @AleraGroupUS.

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Beau Henderson of RichLife Advisors, LLC

There are more than 500 possible ways to claim Social Security… More than 90 percent of workers today don’t claim optimally and can lose around $100,000 over the course of their retirement.

CINCINNATI, Ohio (PRWEB)
December 02, 2020

The National Social Security Association in Cincinnati has selected Beau Henderson, CEO of RichLife Advisors, LLC of Gainesville, Ga., as its National Social Security Advisor (NSSA®) Advisor of the Year.

The award was announced by Marc Kiner, board member of the National Social Security Association.

Kiner is partner at Premier Social Security Consulting of Cincinnati, which teaches the NSSA Social Security education courses to professional advisors across the nation.

“Beau has shown himself to be a dedicated advocate for Social Security education in his community and the surrounding area,” said Kiner. “He and his company have conducted more than 200 Social Security information seminars around Gainesville, including Hall, Gwinnett, Forsyth, and Fulton counties. He uses media, podcasts and social media effectively to help workers and soon-to-be retirees learn how to secure a more comfortable retirement by maximizing their Social Security income.”

The NSSA program is the nation’s only accredited Social Security education certificate program. Accreditation is provided by the Institute for Credentialing Excellence (ICE) in Washington, D.C. The NSSA Advisor certificate is awarded to professional advisors who take the NSSA course and pass an assessment.

Henderson is the founder of RichLife Advisors, a financial advisor firm focused on retirement planning. He and his five employees have reached an estimated 3,000 clients over the past 20 years to help them improve their relationships with money and plan for a successful retirement that includes six components: maximizing income, including Social Security; optimizing assets for long-term growth; paying less in taxes; healthcare planning; protecting people and things they care about most; and helping them “live out their unique definition of a RichLife in retirement,” according to its website.

“Our philosophy is education first,” said Henderson. “We teach people how to realize their retirement goals by making the best decisions possible. If we teach people, they become much more capable about their money, which cuts down on regret and fear. With the right strategy, your retirement will be successful.”

Henderson was 23 years old and a graduate student in psychology when his father died of lung cancer at the age of 49. He helped his mother navigate difficult financial decisions as their family grieved, which led him to embrace a financial advising career as a way to help others and make a profound difference in their lives.

Henderson said the NSSA Advisor of the Year Award reinforces his company’s commitment to client education. “We’re grateful to be acknowledged for our commitment to financial education, including Social Security education,” he said.

Henderson is the author of 10 books, including The RichLife: Ten Investments for True Wealth; The RoadMap to a RichLife: Success with Life, Relationships, and Money; Customized Social Security; and 12 Steps to a Successful Retirement. He is a podcast enthusiast and studio owner of North Georgia Business Radio X.

“There are more than 500 possible ways to claim Social Security,” said Jim Blair, Premier partner and a Social Security expert. “The best decision on when and how to claim goes back to your unique situation, which we call ‘Situational Social Security.’ More than 90 percent of workers today don’t claim optimally and can lose around $100,000 over the course of their retirement.”

Premier teaches professional advisors the ins and outs of the Social Security system so they can in turn show their clients how to optimize Social Security income.

There are an estimated 76 million baby boomers in the U.S. today, which is about 20 percent of the nation’s population. Ten thousand boomers reach the full retirement age of 65 each day nationwide.

Blair is a 35-year veteran of the Social Security Administration and a recognized Social Security expert. He is regularly interviewed by national media on Social Security issues.

The National Social Security Association has awarded certificates to more than 2,500 advisors nationwide since 2013. NSSA Advisor certificate training is offered during the pandemic via webinar training, where students participate in a live, one-day program with an NSSA instructor.

They can also opt for a 19-module, video-based, on-demand course taught by NSSA instructors.

On-demand students can complete workshop lectures and activities on their own time.

NSSA certificate holders receive ongoing Social Security support and education resources throughout the year. Ongoing support includes questions answered and monthly webinars. The webinars help NSSA certificate holders maintain Social Security knowledge and keep up to date.

Once pandemic concerns are lifted, NSSA training will be offered again in live classroom settings and for private groups in cities across the nation.

For more information on RichLife Advisors, LLC., visit https://richlifeadvisors.com or call (770) 249-7424.

For more information about the NSSA Advisor® certificate program, visit https://www.nationalsocialsecurityassociation.com or call Kiner at (513) 247-0526.

#     #     #

Contact: Marc Kiner

Email: mkiner@mypremierplan.com

Phone: (513) 247-0526

About Premier Social Security Consulting:

Premier Social Security Consulting, LLC of Cincinnati educates professional advisors nationwide on the national Social Security program so they can counsel their clients on how to maximize Social Security income. Premier partners Marc Kiner and Jim Blair teach the NSSA certificate program.

About the National Social Security Advisor program:

Marc Kiner and Jim Blair are partners at Premier Social Security Consulting of Cincinnati, which teaches the National Social Security Advisor (NSSA) certificate program. NSSA is the nation’s only accredited Social Security education certificate program.

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Auto Damage Claims Grow Faster Than Inflation from 2010-2018

As vehicle technology continues to evolve, understanding the cost drivers behind auto physical damage claims will be important in addressing issues in auto insurance availability and affordability.

MALVERN, Pa. (PRWEB)
December 01, 2020

A new study from the Insurance Research Council (IRC) finds that the average payment for auto physical damage insurance claims increased at more than double the rate of inflation from 2010 through 2018. The study, which examines patterns in private passenger comprehensive, collision, and physical damage liability insurance claims, found that average claim payments increased 3.7 percent annualized during the study period, while the overall Consumer Price Index (CPI), as well as the CPI for motor vehicle maintenance and repair, grew 1.8 percent annualized. The study also finds that while the average age of the private passenger auto fleet has increased, growth in the claim costs for newer vehicles has been particularly rapid, fueled by the increasing cost of replacing parts in more advanced vehicle technology.

Some of the other findings from the study include:

• Total losses have become more common and more expensive.
• Catastrophe claims accounted for about one in five dollars paid for comprehensive claims.
• Deductibles and policy limits have not kept pace with the growth in payments.
• Physical damage claims have become less likely to have associated injury claims.
• The rate of attorney involvement is lower in physical damage claims than in auto injury claims.
• For most aspects of physical damage claims, there are significant differences among states.

“Damage to vehicles accounts for a growing share of the costs of paying auto insurance claims,” said David Corum, CPCU, vice president of the IRC. “As vehicle technology continues to evolve, an understanding of the cost drivers behind auto physical damage claims will be important in addressing issues in auto insurance availability and affordability.”

The report, Patterns in Auto Physical Damage Insurance Claims, presents findings from a collection of more than 220,000 claims closed with payment under the three principal private passenger auto physical damage coverages in claim years 2010, 2014, and 2018. Participating insurers accounted for more than half of the private passenger auto insurance market. For more information on the study’s methodology and findings, contact David Corum at (484) 831-9046 or by email at IRC@TheInstitutes.org.

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NOTE TO EDITORS: The Insurance Research Council (IRC) is a division of The Institutes, the leading provider of risk management and insurance knowledge solutions. The Institutes offer professional and associate designations, including the CPCU® program, along with introductory, foundation, and leadership programs; online and continuing education courses; custom solutions; assessment tools; and industry consortia. The IRC provides timely and reliable research to all parties involved in public policy issues affecting insurance companies and their customers. The IRC does not lobby or advocate legislative positions. It is supported by leading property-casualty insurance organizations.

CPCU is a registered trademark of The Institutes. All rights reserved

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FMG Suite Logo

We’re impressed with what Twenty Over Ten has built in a relatively short time and we look forward to integrating our solutions to deliver the products and services we know are most sought after today by financial professionals, RIAs, and independent broker-dealers.

SAN DIEGO (PRWEB)
December 01, 2020

FMG Suite, a SaaS company specializing in marketing software and services for financial advisors and insurance agents, today announced it has completed the acquisition of Twenty Over Ten, a company delivering a SaaS-based digital marketing platform for financial professionals.

“We’re impressed with what Twenty Over Ten has built in a relatively short time and we look forward to integrating our solutions to deliver the products and services we know are most sought after today by financial professionals, RIAs, and independent broker-dealers,” said Scott White, FMG Suite CEO. “This acquisition is a strategic investment in the future of our platform––websites that generate leads, personalized automations, and fully customizable content,” he added.

Known industry-wide for its innovative marketing strategies and solutions, Twenty Over Ten’s talented team of designers, developers, and marketers will be retained by FMG Suite. Together, the companies will pool their resources to offer financial advisors the most modern lead-generation and marketing solutions with award-winning client service.

“When we launched Twenty Over Ten, we had a simple desire to make beautiful professional websites for an industry that desperately needed it,” said Ryan Russell, Twenty Over Ten Co-Founder. “Four short years later, we have a large and growing community of engaged advisors and we take seriously our responsibility to continue to develop innovative solutions that redefine marketing in our industry. FMG Suite is a great next chapter in our story because the team shares our vision to give financial professionals the very best user experience and marketing tools to grow their businesses,” he added.

Twenty Over Ten will continue to operate its business as usual until plans are announced to integrate the companies’ best-of-breed solutions to better serve the industry. Every effort will be made to minimize business disruptions, and clients of both entities will benefit from combined capabilities, content, and campaigns to improve interactions with their investor clients at every stage.

“At Advisor Group, we pride ourselves on partnering with the best to deliver the highest value services and solutions to our advisors. Today we partner with both FMG Suite and Twenty Over Ten,” said Advisor Group CMO Susan Theder. “We can’t wait to see the level of innovation that will come from this pairing, as they combine their talents to deliver the next generation of advisor marketing solutions.”

With this agreement, FMG Suite will acquire Twenty Over Ten’s customer base, reinforcing its leading market share position. The sixth acquisition in four years, the purchase agreement represents a continuation of FMG Suite’s expansion strategy.

About FMG Suite

FMG Suite powers an all-in-one marketing platform that helps financial advisors and insurance agents attract new leads, stay connected with clients, and grow their businesses. Rated first in market share and customer satisfaction in the 2019 and 2020 T3 Software Survey Report, FMG Suite helps its customers develop comprehensive marketing strategies and automate their most effective marketing tactics. FMG Suite is headquartered in San Diego, CA with satellite offices across the United States.

About Twenty Over Ten

Twenty Over Ten is a leading SaaS company whose mission is to help professionals in regulated industries redefine their marketing efforts. Twenty Over Ten offers a family of agile marketing products, Lead Pilot, Website Engine and Providence, all which give companies the marketing tools they need to scale. The company is headquartered in State College, PA. For more information, please visit twentyoverten.com.

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“When determining the risk profile of a person, insurance companies use all info available. Insurers rely on official statistics to determine how likely is for a client to file a claim”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

LOS ANGELES (PRWEB)
December 01, 2020

Demographic factors play a crucial role in determining a person’s risk profile. Insurance companies use various statistical data to predict how likely is a person to be involved in an accident and to file a claim. The most important demographic factors used by insurers are:

• Age. This is one of the most important rating factors. Teen drivers, below the age of 25, are considered high-risk drivers due to their lack of experience behind the wheel. Senior citizens, over 70, are also considered high-risk. Age-related medical issues, hearing and sight which start to deteriorate and prescription drugs are the main reasons why seniors are risky drivers and policyholders. The Insurance Institute for Highway Safety (IIHS) found that drivers ages 30 to 69 are much less likely to be involved in accidents.
• Gender. Statistical data shows that teen males are more likely to cause accidents than teen females of the same age. Things change in the case of senior drivers. Older females are more likely to be involved in minor accidents than their male counterparts.
• Marital status. According to a study done by The National Institutes of Health, drivers who were never married or divorced have a significantly higher rate of motor vehicle crash injuries than drivers who were married. Married people are considered more responsible drivers, especially since they transport their spouses with them. Getting married is really beneficial for men, from a financial point of view. A male driver with a clean driving record who marries will get his rates nearly halved.
• Occupation. Auto insurance companies correlate a person’s risk of accident and their profession, and they can adjust the premiums accordingly. For example, delivery drivers and journalists are on the road constantly and thus are more likely to be in an accident, whereas airline pilots often just drive between the airport and home, and don’t spend much time on the road. Others, such as police officers, paramedics and insurance underwriters are seen to be more careful than the average driver and receive better rates.
• The area where the policyholder lives. This is actually a more complex factor. Numerous details regarding the ZIP code will be analyzed. Besides the state’s minimum, other elements like car theft rates, the cost to repair a car, road conditions, unemployment rate, and population density will affect the costs.

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

For more information, please visit http://compare-autoinsurance.org/.

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