Can Income Protection Insurance Substitute Sick Pay?

Recent statistics indicate that absence pay due to sickness costs the UK firms about ?8 billion a year, though this is not significant when compared to the UK government which pays out ?75 billion every year in terms benefits for working-age people, it nevertheless is a significant sums of money if it can be saved or if smarter alternatives can be found.

Accident and sickness are some of the commonly covered risks in most income protection and payment protection policies. Most covers also include unemployment but if a customer just wants to cover accident and sickness, that is possible too. Several insurers now also offer carer and hospitalization as part of their income protection covers and payment protection insurances.

Under the reform that is being considered, the government would stop paying sick pay and instead its employees would be opting to buy the income protection insurance. In other words, the employees will have to make a claim in their income protection policy and would be managed by the insurer rather than the government paying out of its coffers.

There are several suggestions on how this should be implemented so that there is a high take up rate and employees are not unburdened with additional costs. One such option is for the employer to take a block income protection cover and employers who chose to do this would get a national insurance rebate from the government. The other option suggests that the employees should be given a choice to opt for it and the ones who opt to buy any form of income protection insurance covering the accident and sickness should get rebates of about ? 100 from their national insurance contributions. In other words the rebate to some extent would go towards paying for the income protection covers. This option will also mean that employees can choose to buy either the standard 12 month option for income protection which is also termed as short-term income protection insurance or opt for a longer duration ranging from 18 months to 36 months. The extra flexibility means employees with failing health will have the option to have an extra layer of protection.

However, as voiced by a few legal professionals, the area of employment law is complicated. Employers have to first of all ascertain whether employment contracts allow them to unilaterally make changes in terms of sick pay i.e. substituting with income protection insurance policies or do they have to involve their staff in long and protracted discussions around this. The other worry which is also legitimate is that most of the existing providers of income protection and payment protection insurance have incorporated an initial exclusion clause which will preclude people from claiming if they are off sick due to a known illness. There are other income and payment protection policies which have a waiting period of anywhere between 30 to 180 days during which the policy holders have to fund themselves. The whole area of which insurance policy is better and what are the pricing policies and underwriting criteria is a mine field.

In the long-term, it is always a beneficial position for employees to be if they can have the flexibility to choose what they need depending on their individual circumstance rather than the existing policies which are managed by the employers, which more often tend to "one size fits all approach". Arguably this would also be a more efficient may for the government to manage it costs. However it is certain to ruffle a few feathers amongst the unions and ranks. It will need a lot of persuasion and phased implementation.

Kesh Thukaram

For more information on: Income and Payment Protection Insurance

For sample policy wordings: Income and Payment Protection Covers

Kesh Thukaram is an insurance specialist in the protection insurance sector of UK. Well respected for his hands-on knowledge and product innovation skills, Kesh is invited by several insurers to assist them in designing products and insurance customer acquisition and management processes.

Pick A Winning Product To Earn Passive Income

Did you know that there are over 1 billion people with Internet access around the world?

The online business has such huge potential and is a opportunity not to be missed.

If you are not making good money with your affiliate marketing campaigns then you are not doing some things right. One the things you might be doing wrong is promoting bad products. If you promote products that do not sell well, you will not have a chance of succeeding with it no matter how much you pre-sell or how much traffic you send there.

Picking a winning product is however a problem for many affiliate marketers. They pick products to promote just because some people they know are promoting it.

Here are some tips to pick a winning product that can earn you passive income.

1. Does it give you recurring income?

There are some programs that give you recurring income. Such programs are good for building long term passive income. You only need to put in the effort to sell it once and you get to earn recurring income thereafter. Usually membership sites will provide recurring income.

2.Does the sales page make you want to buy

Take a look at the sales page. Determine if you are tempted to buy the products for yourself. If you are not convinced, there is no way you can convince others to buy. Make sure the sales page look professional and genuine testimonials are given on the website. A professional sales page gives visitors the confidence to buy the products.

3. Do you have knowledge and interest in the product

Trust me, I have tried this before. If you have absolute no clue to what the product is and you have no interest in it, it is difficult to develop a passion to sell this product. Not only will you have no passion, you will not have the confident to sell as well. So choose one product that you are comfortable with.

Once you have a winning product, be determined to make it work for you. Do not give up and keep upgrading your skills. Most importantly, you have to keep trying and you will be well on your way to earning a substantial passive income!

Jean Phyllis started earning on the web with no experience and little internet knowledge. Since then, she has created multiple recurring stream of income online. She knows the difficulties that newbies are facing and would greatly recommend affiliate marketing as the best way to start earning money online. http://huge-passiveincome.blogspot.com

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Internet Income Choices

When trying to make an income on the internet you have many different choices and paths that you can take. All of them will help you generate an internet income, but in different ways and different amounts.

One of the easiest choices you have is to fill out paid surveys. There are many sites out there that will pay you for your opinion. Most of the companies offering these opportunities are asking for your input to help them develop a product or improve services. Paid Surveys are good for anyone looking to make a little extra money, but it is difficult to earn an internet income.

If you are just looking for additional income, you can try to make money through blogging. If you have enough readers, and Google AdSense installed, you can make money showing ads for other people. This method is nice because you can write about whatever you want. However, it is hard to earn an internet income this way.

Another choice you have is to get involved in multi-level marketing. These programs pay you based on how many people you recruit. In theory, they have a high earning potential, but they are a pyramid scheme. You are not really selling a product and it is hard to get people involved. The cost to join these programs is usually is very high. It is theoretically possible to earn an internet income this way, but it is not recommended.

The most recommended method to make an internet income is through affiliate marketing. Affiliate marketing works in one of two ways. You sign up through an affiliate network and either post a product for sale or sell someone else's product. This is a huge industry and it is constantly growing. If you look at the Click Bank home page, they have a counter that shows how much money has been paid out. Last time I checked it was over $1 billion. There is a lot of competition with affiliate marketing, but it is easier if you find the right niche. It is very possible to earn an internet income through affiliate marketing, but there is a lot to learn about the methods used to promote products. Royal Internet Income is a course that will teach you the basics of affiliate marketing and give you the resources to become either a vendor or an affiliate.

More information can be found at Royal Internet Income [http://www.royalinternetincome.com]

Is Your Retirement Income Secure?

For years we have been warned that Social Security was running out of money. And for years most of us, including the government, ignored the problem.

There was a time when Social Security collected billions more in payroll taxes then it paid out and the federal government simply borrowed money from the fund and gave the retirement fund a IOU. The IOUs total around $2.5 trillion. It is time for the government to pay up.

This year, for the first time since the 1980s the retirement program is projected to pay out more in benefits than it collects in taxes - nearly $29 billion more.

Assuming that nothing changes with the current system in place the Social Security trust funds will be exhausted by 2037. That should be a sobering thought to anyone who is planning on Social Security as a source of retirement income.

Hopefully the federal government will come to its senses and find a way to secure the retirement nest eggs of an entire generation. However, with the current economic situation it will not be an easy task and in all likelihood will result in higher payroll taxes and reduced benefits in the future.

With so many political futures on the line the odds that Social Security goes bust is slim. Eventually another temporary fix similar to the one in the 80's will be found. However, every day that goes by the problem only grows and becomes even harder to fix.

If the current situation should teach us anything at all it is that now more then ever it is time to secure your retirement future. While having extra retirement income from Social Security would be nice, it should be thought of as simply, that extra retirement income.

It is up to each person to invest now for their retirement. Everyone needs to take responsibility for their own future and not rely on the government. If you have not even begun to plan on your retirement or are only saving the bare minimum then you need begin to take control of your future now.

With 401ks, IRAs, stocks, and even starting a part time home based business, there are many things you can do now to secure your future. The key is to start now so you can enjoy your retirement.

John McRae works from home reviewing affiliate marketing programs at Internet Home Business and searches for methods to increase his future retirement income with extra retirement income.

Making Money on the Web - Internet Marketers Are Currently Making Billions Online, Here's the Secret

Here is important information for those who are seriously looking to start making money on the web. I am letting you in on the most significant stack of facts that you must know in order to succeed and how to avoid the pitfall that the majority of individual fall into when working in this venue.

Making money on the web is among the most significant decisions you will ever make. I want to applaud you on this decision. Be aware that you will need the right tools to start with in order for your earnings to multiply time and time again.

I firmly believe in the endless success you can make for yourself. Your income will only be limited to the degree you decide to work. This is not stretching the imagination but a proven fact that I can attests to.

Being a success at making money on the web will be a life changing experience. There will be no boss other than you. Where and when you work, what hours you want to put in, how much income you want will all be up to you. You are the only one than can limit how your career grows.

To repeat, the first steps are vital because they are essential to your success. The greatest secret to making a living from the World Wide Web is that you start with a quality course that will lead you one step at a time through the educational process of online marketing and to follow it to the letter.

You must make sure that your program comes from someone who knows what he is taking about. This expert must have a proven track record when it comes to making money on the web. Once this step is taken, you must commit yourself to sticking with a certain product and market strategy instead of switching around. Switching around will not lend itself to any degree of success.

This secret looks simple but it's the main ingredient in making money on the web; just locate a well working system and stay with it. It's a no brainer. This is truly the way to success. Naturally there will always be a large amount of effort involved, but the income achieved will be worth everything you put into this effort to attain financial success online.

There are a tremendous amount of online programs are scams or garbage. You would be wasting your money and effort researching and eliminating each and every one of them. That would be a costly running in circles contest for you on many levels. Before making a costly mistake, make sure you choose a reliable and high quality system!

Actually, there are thousands of people making 'MASSIVE' amounts of money online just working a -few hours a week- and you can do it to; obviously, you'll need to know how things work. Come and check my site; I'll show you how it's done: Click Here Now!

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